Mining sector exports poised to reach US$5.3bn by year end
TweetShareSharePin0 SharesBy ETimes The mining sector’s export revenue totaled US$4.5 billion in the first 10 months of 2022 and the mining sector has financed 70% of the country’s imports over…
Liquid’s software defined network service set to empower online businesses
TweetShareSharePin0 SharesETimes Fibre optic network and cloud solutions provider Liquid Dataport on Tuesday launched a software defined network (SDN) service, Dataport, to enable users, including online businesses, to scale and…
Selling party continues on ZSE in Wednesday session
TweetShareSharePin0 SharesBy ETimes The ZSE All Share Index was down a further 211.08 points or 1,41 percent on Wednesday to close the session at 14 734.58 points. The heavyweight stocks…
Stuttering big caps see ZSE extend losing streak
TweetShareSharePin0 SharesBy ETimes The local bourse extended its losing streak on Tuesday by 0.70% due to losses in some highly capitalised stocks. The market closed negative with 15 laggards relative…
High interest rates risk pushing the economy into recession, experts say
TweetShareSharePin0 SharesBy ETimes The economy may be edging toward a recession occasioned by high interest rates that are slowing aggregate demand, said former Finance Minister Tendai Biti. In September 2022,…
ZSE extends losses to three sessions on Monday
TweetShareSharePin0 SharesBy ETimes The local bourse opened the week negative, extending its losing streak for the third consecutive session as investors’ investment declined by $7.14 billion. The ZSE announced that…
Steward Bank’s half year profit jumps threefold
TweetShareSharePin0 SharesBy ETimes Steward Bank’ half year inflation adjusted profit jumped threefold and the bank expects its activities to be driven by digital transformation. In 2021, the bank invested in…
Afdis half year volumes up 11%, flags uncertainty
TweetShareSharePin0 SharesBy ETimes Volumes, a key indicator of demand, for Afdis in the half year ended 30 September 2022 rose 11% in the comparative period despite a challenging operating environment.…
Where Did The Money Go? The Plight of Zimbabwean Pensioners
TweetShareSharePin0 SharesBy Newton Mambande On paper, Zimbabwe has an excellent social security policy, but in reality, poverty is grinding old people over 65 years of age. In fact, those between…
ANALYSIS|Innscor Targets US$56mn in Investments for FY23 as Profits Hit ZWL$53.7bln
TweetShareSharePin0 SharesBy Yona Banda Financial Performance Highlights Listed food manufacturing group Innscor Africa Limited reported a Net Profit After Tax of ZWL$53.7 billion for its financial year ended 30 June…