IH says fundamentals point to a bullish stock market in 2023
…as mid-tier caps lift market index By ETimes The Zimbabwe Stock Exchange opened the week on a positive note, extending its bullish sentiment to three consecutive trading sessions. Today’s performance…
Zimbabwe GDP growth to grow by 2.4% in 2023 – Fitch Solutions
…as mid-tier stocks drive ZSE to a marginal gain The Zimbabwe Stock Exchange on Friday gained 0.14%, extending bullish sentiment to two consecutive trading sessions. As a result, the market…
Prices are likely to continue increasing, FEWSNET says
By ETimes The Famine Early Warning Systems Network (FEWSNET) says the country is likely to continue experiencing price increases, which are being fuelled by rising manufacturing costs and parallel market…
Forex Reserves, 2023 current account surplus will not help
By ETimes Zimbabwe is forecasted to have a current account surplus in 2023, but rating agency Fitch Ratings feels the surplus will not be able to help our foreign currency…
Illicit Financial Flows Deplete Zimbabwe’s Wealth: Veritas
By ETimes Zimbabwe’s economy is being hindered by illicit financial flows, which also encourage corruption and benefit members of the elite at the expense of the general populace, a legal…
Multiple shocks will continue to weigh on Zim’s growth prospects: IMF Staff
…ZSE closes on positive note, up 0.94% By ETimes The upward trajectory witnessed on the local bourse continued on Thursday with a further 0.94% growth. Today’s performance comes as the…
MSME formalisation has not improved over the past decade at 14%: FinScope
By ETimes Zimbabwe’s micro, small, and medium enterprises’ (MSME) formalization has not increased over the past ten years, with the lowest percentage occurring among small businesses and individuals, a FinScope…
US$8.9 billion for vulnerable nations from ADF
By ETimes The African Development Fund (ADF) has agreed to commit a total package of US$8.9 billion to its 2023 to 2025 financing cycle to help vulnerable African countries. It…
Nearly half of adults have sent money locally amid subdued domestic remittances: Report
By ETimes Remittances have dropped over the years, from 58% of adults remitting in 2014 to 38% in 2022, says the Reserve Bank of Zimbabwe (RBZ). RBZ’s 2022 FinScope MSME…
No joy for business as MPC keeps rates unchanged until Q1 2023
By ETimes The Monetary Policy Committee (MPC) of the Reserve Bank of Zimbabwe (RBZ) has decided to keep interest rates unchanged in order to keep the stability in the economy. RBZ…