US$8.9 billion for vulnerable nations from ADF
TweetShareSharePin0 SharesBy 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.…
Self-funded wheat now up for trade via ZMX
TweetShareSharePin0 SharesBy ETimes The Zimbabwe Mercantile Exchange (ZMX) said it has issued 72 000 Metric Tonnes (MT) wheat warehouse receipts to date and they are ready for trading. ZMX chief…
Nearly half of adults have sent money locally amid subdued domestic remittances: Report
TweetShareSharePin0 SharesBy 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…
Equities reverses 10-day positive trend
TweetShareSharePin0 SharesBy ETimes On Tuesday, the Zimbabwe Stock Exchange closed in the red zone as investors profited from recent gains. The market rerouted south amid concerns of depressed activity on…
Gold coins mopped up $13.6bn since July: RBZ
TweetShareSharePin0 SharesBy ETimes Gold coins have mopped up $13.6 billion from the market since their introduction in July this year, the latest data shows. The country took the unprecedented step…
More offtakers for Lubu Coal as Contango signs MOU
TweetShareSharePin0 SharesBy ETimes Contango Holdings, the London listed miner announced that it has entered into a non-binding Memorandum of Understanding (MOU) with a leading Multi-National Company (MNC) with respect to…
ZSE opens week with marginal gain
TweetShareSharePin0 SharesBy ETimes The stock market resumed transactions for the week on Monday with a marginal growth of 0.07%, amid cautious trading. Specifically, the market capitalization increased $347.52 million to…
No joy for business as MPC keeps rates unchanged until Q1 2023
TweetShareSharePin0 SharesBy 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…
With no investment, blackouts are here to stay
TweetShareSharePin0 SharesBy ETimes The country has been plunged into hours of darkness extending to upto 16 hours of loadshedding, and the country does not seem to have a solution to…
ZSE climb for ninth trading day
TweetShareSharePin0 SharesBy ETimes The Zimbabwe Stock Exchange extended its winning streak to nine trading days on Friday, but liquidity remains low. The Delta share dominated trade activity, while activity in…