Afdis estimates full year FX revenue to be US$49.4 million
TweetShareSharePin0 SharesBy ETimes Volumes, a key indicator of demand, for Afdis rose 18% for the year ended 31 March 2023, compared to the comparative period, as it now focuses on…
ZSE reverses losses as FinMin announces measures to stabilise forex market
TweetShareSharePin0 SharesBy ETimes The Zimbabwe Stock Exchange reversed losses to close on an upbeat note, following gains in 18 stocks. This comes as the Treasury expressed concern over the continued…
Turnall minority shareholders to bail out
TweetShareSharePin0 SharesBy ETimes Listed consumer discretionary firm Turnall Holdings has dramatically withdrawn its cautionary statement in which it said it was seeking a rights offer in order to finance recapitalization.…
Is gold-backed digital token panacea to macroeconomic vagaries?
TweetShareSharePin0 SharesBy ETimes The highly anticipated gold-backed digital token has hit the market despite some mixed feelings from the market on whether it will survive its purpose. A gold-backed digital…
ZSE market cap breaches $5 trillion mark
TweetShareSharePin0 SharesBy ETimes The Stock Market edged higher on Tuesday after a 9.80% improvement in the mainstream index as the economy is moving towards full dollarization. This comes as the…
Old Mutual Zim attacks fintech space
TweetShareSharePin0 SharesBy ETimes Listed financial services firm Old Mutual Zimbabwe has entered the financial technology (Fintech) space with the launch of its own subsidiary. Old Mutual Digital Services (Private) Limited…
Palestine Embassy in Zim strongly condemns Israel’s latest strikes on Gaza
TweetShareSharePin0 SharesBy ETimes The Embassy of the State of Palestine in Harare has condemned the killing of at least 13 Palestinians by the Israeli apartheid state in besieged Gaza. This…
Gold backed digital tokens to deliver a liquid inflation hedging asset: analysts
TweetShareSharePin0 Shares…as stock market begins week positive By ETimes Equities trading at the Zimbabwe Stock Exchange (ZSE) opened the week on a positive note, extending gains from the previous session…
Dairibord makes renewed push to enter new export markets
TweetShareSharePin0 SharesBy ETimes Dairibord, the country’s largest milk processor, expressed concern over the duration of the borrowings, where many financial institutions lend money on short terms at high interest rates,…
ZSE market cap crosses $4trn
TweetShareSharePin0 SharesBy ETimes Amid the exchange rate volatility, the Zimbabwe Stock Exchange (ZSE) on Friday crossed the $4 trillion mark in terms of market capitalisation, setting a new record as…