Tuesday, October 23, 2018
Activity on the Zimbabwe Stock Exchange was much improved in the month of May with more than $60,2 million worth of shares having been traded. This was the second highest turnover for the bourse this year and puts the year-to-date turnover at $249,8 million, which compares favourably to the...
Martin Kadzere Renowned geologist David Murangari and Mabasa Hawadi, an official in the Mines Ministry are set to retain seats on the new board of the Minerals and Marketing Corporation of Zimbabwe expected to be announced soon, a senior official has said. Former board chair Nompumelelo Mellyora Abu-Basutu is set...
Martin Kadzere The Cotton Ginners Association, Zimbabwe’s main lobby group for private cotton merchants, has appealed against their quotas for the 2018 buying season, arguing the allocations were too low and do not reflect their level of funding. The Agriculture and Marketing Authority, which is responsible for orderly marketing of cotton,...
Africa Moyo The National Railways of Zimbabwe (NRZ), which is already showing signs of recovery following the coming in of the Diaspora Infrastructure Development Group (DIDG) and Transnet of South Africa, plans to treble its freight volumes in the next three years. This will be a significant jump in business volumes...
Jeffrey Gogo It would appear so much focus has centred on Golix in the past few weeks. Well, the history of cryptocurrencies in Zimbabwe will be incomplete without the mention of Harare-based exchange, a pioneer in that area. With trades of more than $20 million in the last three years and...
Kudzanai Sharara Zimbabwe Stock Exchange listed entity Seed Co, has received an expression of interest for the acquisition of its 40 percent stake in Quton’s Tanzania and Malawi-based operations that have been earmarked for disposal, chief executive officer Morgan Nzwere has said. Nzwere told Business Weekly on the side-lines of the...
There has been growing debate throughout Africa about greater use of Chinese Renimbi (the yuan is the principle unit of renimbi) as a trading and reserve currency because ever greater trade from Africa is with China and ever greater investment into Africa is from China. There are other good arguments...
Dr Sanderson Abel The Micro, Small and Medium Enterprise (MSME) Sector has been identified as a key pillar of economic recovery for Zimbabwe and it is not surprising that a lot of healthy and inquisitive questions are being asked by stakeholders about this sector. One of the key economic questions is...
Enacy Mapakame A bullish sentiment persisted on the Zimbabwe Stock Exchange (ZSE) in the week to Wednesday as all the key indices closed in the black on gains in the market’s heavyweights. The ZSE All Share Index gained 4, 79 percent to close at 114, 35 while the ZSE Top 10...
Kudzai M. Mubaiwa Many of what we call small businesses in Zimbabwe are one man bands or family business. There is no harm done in preferring such an arrangement as indeed every idea requires a champion and often the founder is that one man/woman that runs everything and may sometimes...