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US investment in Zimbabwe's mining stall, Chinese investment booming
Zimbabwe's mining sector, despite being rich in natural resources, is facing challenges in attracting substantial investment from U.S. companies. Experts attribute this to policy inconsistency and cur...Published: 22 Oct 2024 at 17:16hrs | 1802 | by Staff reporter
Matinyarare's 'Innscor has destroyed the taste of Zim food' comments cause consternation
If Zimbabwe Stock Exchange (ZSE)-listed food giant Innscor was hoping to avoid press scrutiny, it could hardly have chosen a more self-destructive path than seeking a gag order against journalist Rute...Published: 04 Mar 2024 at 21:20hrs | 1 | by Staff reporter
Zimbabwe electricity imports down 57%
ZIMBABWE has started reaping savings from reduced energy imports following improved domestic electricity generation mainly from the upgraded Hwange Thermal Power Station and the rising contribution by...Published: 30 Jan 2024 at 04:22hrs | 18 | by Staff reporter
Innscor goes after Zanu-PF activist
Innscor Africa has obtained a takedown order against Zanu-PF social media activist Benson Rutendo Matinyarare, who posted videos online accusing the company of "destroying the taste of Zimbabwean food...Published: 17 Jan 2024 at 05:05hrs | 13 | by Staff reporter
Zimbabwe gold output declines 15%
Zimbabwe produced 30 metric tons of gold in 2023, 15% less than the previous year, official data showed on Monday, as electricity cuts and currency volatility impacted output.The southern Afri...Published: 10 Jan 2024 at 17:47hrs | 10 | by Staff reporter
Zimbabwean companies descend on the London Stock Exchange
Zimbabwean companies and corporate executives from home and in the diaspora will tomorrow descend on the London Stock Exchange (LSE) - one of the world's biggest bourses in the world with a market cap...Published: 19 Apr 2023 at 20:39hrs | 1 | by Staff reporter
'VFEX growth exceeds expectation'
FINANCE and Economic Development Minister, Professor Mthuli Ncube, has lauded the rapid growth of the Victoria Falls Stock Exchange (VFEX), which witnessed the listing of the fifth counter, Nedbank Gr...Published: 28 Nov 2022 at 04:55hrs | 1 | by Staff reporter
Zimbabwe needs 450 megawatts of imports to fill energy gap: Magombo
GOVERNMENT says the country requires energy imports of between 200 megawatts (MW) and 450MW daily from regional utilities to meet its power deficit.Zimbabwe has been reeling under rolling powe...Published: 08 Nov 2022 at 05:09hrs | | by Staff reporter
Nedbank Zimbabwe heads for VFEX
FINANCIAL services outfit, Nedbank Zimbabwe said on Friday it planned to list on the Victoria Falls Stock Exchange (VFEX) on November 18, becoming the first lender to trade its stock at the waterfall ...Published: 24 Oct 2022 at 06:09hrs | 1 | by Staff reporter
US$ VFEX market capitalisation jumps 25% in Q3
The Victoria Falls Stock Exchange (VFEX) market capitalisation increased by 25 percent to US$345 million in the third quarter to September 30, 2022 from US$273,24 million in the previous quarter....Published: 18 Oct 2022 at 05:57hrs | | by Staff reporter
Gwanda mine raises US$8 million from Victoria Falls bourse
WITH only six months after officially listing on the Victoria Falls Stock Exchange (VFEX), Jersey domiciled gold producer, Caledonia Mining Corporation, which operates Blanket Mine in Gwanda, says the...Published: 09 Jun 2022 at 06:37hrs | 9 | by Staff reporter
Ex-Zanu-PF local chairman arrested for stealing US$3k building material
FORMER Zanu-PF Kariba district chairman, Nomore Gosa, has been arrested along with three security guards for stealing an assortment of building materials worth US$3 000 from Padenga Holdings Crocodile...Published: 18 Apr 2022 at 10:34hrs | | by Staff reporter
Victoria Falls Stock Exchange struggles to win over foreigners
Zimbabwe's dollar-only stock exchange, established almost two years ago in the resort city of Victoria Falls, is struggling to win over foreign investors haunted by previous struggles to repatriate ha...Published: 10 Mar 2022 at 17:35hrs | 1 | by Staff reporter
'Tax incentives rip off Zimbabwe'
A LEADING resources watchdog has piled pressure on government to disclose the value of potential revenues it forfeits due to special tax incentives offered to attract investment.The Zimbabwe E...Published: 12 Dec 2021 at 19:13hrs | 10 | by Staff reporter
Mnangagwa officially opens VFEX and Caledonia Corporation listing
PRESIDENT Mnangagwa has officially opened the Victoria Falls Stock Exchange (VFEX) here and presided over the listing of global mining giant, Caledonia Mining Corporation Plc.Caledonia is the ...Published: 02 Dec 2021 at 15:51hrs | 8 | by Staff reporter
Mnangagwa in Victoria Falls for Caledonia VFEX listing
PRESIDENT Mnangagwa will be in Victoria Falls today to officiate at an event to mark the official listing of Caledonia Mining Corporation on the Victoria Falls Stock Exchange (VFEX).The foreig...Published: 02 Dec 2021 at 05:32hrs | 10 | by Staff reporter
BNC heads for VFEX
BINDURA Nickel Corporation (BNC) is set to delist from the Zimbabwe Stock Exchange (ZSE) next month and switch to the forex-indexed Victoria Falls Stock Exchange (VFEX) under a strategy spelt out by c...Published: 22 Nov 2021 at 06:10hrs | 9 | by Staff reporter
ZSE gains US$287bn
THE Zimbabwe Stock Exchange (ZSE) gained $286,760 billion in value during the third quarter of this year due to inflation hedging activities and increased retail investors participation, a report by O...Published: 01 Nov 2021 at 07:29hrs | 8 | by Staff reporter
Mnangagwa claims that door are always open for investors
ZIMBABWE should be the destination of choice for investors as the Second Republic is committed to dialogue with the business community to improve the ease of doing business for a win-win situation for...Published: 22 Oct 2021 at 06:26hrs | 1 | by Staff reporter
ZSE market cap hits $1 trillion mark
Zimbabwe Stock Exchange (ZSE) market value hits the $1 trillion mark for the first time since the market re-base over a decade ago as bulls charged on increased money supply.Zimbabwe's money s...Published: 30 Sep 2021 at 07:12hrs | 10 | by Staff reporter
Mines troop to VFEX
GOVERNMENT says several mining firms have indicated plans to list on Zimbabwe's year-old bourse, the Victoria Falls Stock Exchange (VFEX).VFEX, which exclusively trades in foreign currency, ha...Published: 03 Sep 2021 at 06:51hrs | | by Staff reporter
20 richest investors on the Zimbabwe Stock Exchange
Investors on the Zimbabwe Stock Exchange have amassed staggering wealth since the start of the year owing to the strong pace of recovery in the country and renewed buying interest by local inv...Published: 29 Aug 2021 at 07:05hrs | 271 | by Mfonobong Nsehe
Moyo appointed Delta board chair
Delta Corporation has announced the appointment of lawyer Mr Sternford Moyo as new chairman of the board. Mr Moyo replaces Mr Canaan Dube who retired from the board on July 31, 2021. Dube had ...Published: 10 Aug 2021 at 06:37hrs | | by Staff reporter
Padenga VFEX listing may 'cannibalise' ZSE
PADENGA'S decision to list on the Victoria Falls Stock Exchange (VFEX) was a win for the new bourse and Finance minister Mthuli Ncube's incentive scheme, but the country's biggest broker, Imara, says ...Published: 23 Jul 2021 at 08:54hrs | | by Staff reporter
VFEX in dramatic rebound
THE Victoria Falls Stock Exchange (VFEX) has dramatically emerged to capture some of Zimbabwe's biggest firms, with multinationals making bold moves to step into the waterfall in the past week....Published: 11 Jul 2021 at 10:42hrs | | by Staff reporter
Padenga delists, heads for VFEX
ZIMBABWE Stock Exchange (ZSE)-listed crocodile breeder, Padenga Holdings is set to delist today before switching to the Victoria Falls Stock Exchange (VFEX).The VFEX has struggled to attract c...Published: 09 Jul 2021 at 12:06hrs | | by Staff reporter
Padenga to switch listing to the VFEX
CROCODILE breeding firm, Padenga Holdings Limited, will terminate its listing on the main board of the Zimbabwe Stock Exchange (ZSE) and relist on the Victoria Falls Stock Exchange (VFEX).VFEX...Published: 14 Jun 2021 at 06:17hrs | 6 | by Staff reporter
BAT rated best ZSE counter
BRITISH American Tobacco (BAT ) Zimbabwe has been rated the top counter on both the Zimbabwe Stock Exchange (ZSE)'s top 10 and 15 indexes for the second quarter of 2021.BAT's rating was announ...Published: 12 Apr 2021 at 07:08hrs | 7 | by Staff reporter
Heavy rains leave one dead
The incessant rains that have rendered some communities in Nyaminyami including Mola and Mayovhe inaccessible except through boats have left one person dead and damaged 16 homesteads. With com...Published: 04 Mar 2021 at 06:18hrs | | by Staff reporter
Kuvimba: How to hide a mining giant in plain sight
A year ago, Kuvimba Mining House did not exist. now it could be the country's biggest gold producer.How? The answer shows how transparency is still not a thing for Zimbabwean authorities....Published: 10 Jan 2021 at 08:10hrs | 25 | by Staff reporter
Zimbabwe's economic outlook for 2021
Zimbabwe's economy ended the year 2020 on a fairly stable note due to the return of the multi-currency regime and decline in general inflation levels in the market. Headwinds caused by incessant power...Published: 08 Jan 2021 at 21:02hrs | | by Victor Bhoroma
RBZ to sell Fidelity Printers & Refinery
Reserve Bank of Zimbabwe has announced its intention to unbundle and dispose of part of its stake in Fidelity Printers and Refiners.According to a statement from RBZ governor John Mangudya, th...Published: 16 Dec 2020 at 15:09hrs | 2 | by Staff reporter
'Rushwaya gold could buy UniFreight, Zeco'
THE gold that underfire Zimbabwe Miners' Federation (ZMF) boss Henrietta Rushwaya allegedly tried to smuggle out of the country before running into an airport security trap about three weeks ago was e...Published: 14 Nov 2020 at 21:20hrs | | by Staff reporter
Mthuli Ncube pays Eskom US$10m in bid to ease Zimbabwe power shortage
Zimbabwe will this week pay US$10m to South Africa's power utility Eskom as part of plans to unlock at least 400MW to ease power shortages in the country.The southern African country, which ac...Published: 24 Jun 2019 at 09:25hrs | | by Staff reporter
Rising demand pushes the ZSE
The Zimbabwe Stock Exchange (ZSE) climbed significantly during the week ended June 14 2019, on rising demand across the board. The market recorded gains for the 12th week in a row. All equity gauges t...Published: 16 Jun 2019 at 09:43hrs | 21 | by Fungai Nyaungwa
Idle power producers to lose licences
OVER 30 independent power producers (IPPs) with licences to generate up to 5 000MW, stare the prospect of losing the licences for continuously failing to resume operations, at a time the country is co...Published: 03 Jun 2019 at 07:30hrs | | by Staff reporter
Mnangagwa heads to Chivero for national clean-up
President Emmerson Mnangagwa heads to the Lake Chivero environs tomorrow for next month's national clean-up campaign, a Cabinet minister has said.Speaking in Kariba after touring Chirundu Bord...Published: 28 Feb 2019 at 06:17hrs | | by Staff reporter
ZSE counter opens strong
The Zimbabwe Stock Exchange (ZSE) opened the week strong, registering a 124% jump in turnover to $5,15 million from last week.Trading on the market was disturbed in the wake of labour unrest, ...Published: 23 Jan 2019 at 11:24hrs | | by Staff reporter
ZSE shares in significant fall
Zimbabwe Stock Exchange shares fell significantly on Monday in continued self-correction following a panic-induced rally last week which saw the market trade in unchartered territories. A...Published: 16 Oct 2018 at 06:42hrs | 2 | by Staff reporter
ZSE ignores 'Mthuliphoria'
The Zimbabwe Stock Exchange (ZSE) slipped into the red unperturbed by the excitement showing across markets on the appointment of new treasury chief, Mthuli Ncube, it has emerged.Slipping into...Published: 15 Sep 2018 at 21:48hrs | | by Staff reporter
Foreign investors prey on ZSE
Foreign investors are buying more than they are selling on the Zimbabwe Stock Exchange (ZSE) with interest in blue-chip counters.Statistics from the bourse show that foreign investors have bee...Published: 06 May 2018 at 10:10hrs | 1 | by Staff reporter
Wicknell goes biblical
The flamboyant Harare businessman Wicknel Chivhayo who owns Intratek Company, which was awarded a multi-million –dollar solar project in Gwanda by Zimbabwe Power Company (ZPC) has come under attack ...Published: 01 Mar 2018 at 14:38hrs | | by Simbarashe Sithole
Mnangagwa fails to charm cautious stock market
THE Zimbabwe Stock Exchange (ZSE) market capitalisation has been trading below $9 billion since January 12, as companies continue to show caution over the new political dispensation in the country....Published: 30 Jan 2018 at 05:30hrs | | by Staff reporter
Innscor, Cabs win top Excellence in Corporate Governance Awards
Innscor Africa was the overall listed companies winner of the Excellence in Corporate Governance Awards, while CABS was the overall banking sector winner. The Deposit Protection Corporation was the wi...Published: 30 Nov 2017 at 09:41hrs | | by Agencies
Share ownership schemes empower communities
Since the adoption of the indigenisation and economic empowerment policy by the Zimbabwean Government ten years ago, a number of communities have benefitted from the programme. This has helped t...Published: 19 Sep 2017 at 14:19hrs | 1 | by Nobleman Runyanga
Investors dump ZSE, flee for safety of cash
Fund investors have been pulling out of the risky Zimbabwean stock market at an alarming pace over the last 10 months, against the background of cash and liquidity challenges, weak total demand for go...Published: 13 Dec 2016 at 05:54hrs | 1 | by Staff reporter
Kariba schools in bad shape
Several schools in the Nyaminyami Area of Kariba need massive upgrades as they are in a bad shape with pupils attending lessons in pole and dagga structures that are not conducive to proper learning....Published: 28 Feb 2016 at 21:17hrs | 1 | by Staff reporter
Zim crocodile burgers a hit in Italy - reports
Burgers made from Zimbabwe crocodile meat are selling like hot cakes at the country's pavilion at the Milan Expo in Italy with about 1,000 crocodile burger sold a day.Accor...Published: 15 Jul 2015 at 15:10hrs | 2 | by Staff Reporter
Horrors behind crocodile killings in Zimbabwe - Video
Harare - A PETA US exposé of two factory farms in Zimbabwe and one in the United States that supply skins to Hermès-owned tanneries reveals that crocodiles are trapped in barren and severely crowded...Published: 24 Jun 2015 at 08:25hrs | | by Nirali Shah
Padenga Holdings securities to be dematerialized on 1 July 2015
Pandenga Holdings Limited's securities will be dematerialized and will be cleared and settled on the Central Security Depository (CSD), in an electronic form with effect from Wednesday 1 July 201...Published: 16 Jun 2015 at 09:40hrs | | by Ndou Paul
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