Saturday, July 21, 2018
Enacy Mapakame Zimbabwe Stock Exchange (ZSE)-listed sugar producing companies, StarAfrica Corporation and Hippo Valley Estate, are forecast to have good times rolling in the year and going forward as local consumption of sugar continues to firm on the back of import limitations. Latest financial results by the two sugar companies show...
Prosper Ndlovu The Bulawayo Special Economic Zones (SEZs) technical working group has recommended a schedule of industrial sector rankings for implementation consideration by the Zimbabwe SEZs Authority. Mining and engineering, beef and leather and textile and clothing value chains top the ranking list as sectors with highest potential to drive re-industrialisation...
Chinese President Xi Jinping has an ambitious master plan for his country’s transformation into a wealthy, technology-driven global economic power. And US companies need not apply. That’s why the current trade rumble between the US and China, in which the Trump administration is threatening to slap tariffs on $34 billion...
Often times portrayed negatively, artisanal and small-scale gold mining (ASGM) offers, potentially, exciting opportunities to propel sustainable rural economies. Certainly, if not done responsible, ASGM can harm rural economies by disrupting agricultural activities, fuelling criminal activities and causing massive environmental damage. Taking a leaf from the Africa Mining Vision (AMV), in...
Africa Moyo The MDC Alliance, which has flooded the Zimbabwe Electoral Commission (ZEC) with a litany of frivolous cases, is staring defeat in the face as most of its erstwhile supporters are protesting the imposition of candidates. Attempts to court public sympathy by posting messages critical of the elections body, ZEC,...
The continent’s bonds and stocks are being hammered more than those in most other regions amid a rout that’s wiped over $1 trillion off developing nations’ equity markets this quarter and sapped confidence from Brazil to China. Africa’s status as the world’s fast-growing continent after Asia has done little to...
Kudzai M. Mubaiwa I am still convinced we should be focusing more on Small to Medium Enterprises than big business in Zimbabwe. The past two decades have seen many big businesses fail and others completely collapse due to business models that are failing to survive the dynamic Zimbabwe economy. There are...
Zimbabwe’s Finance and Economic Planning Minister Patrick Chinamasa says historic elections this month will bolster efforts to revive an economy that he admits “collapsed” due to Robert Mugabe’s land reforms. In an interview with AFP, Minister Chinamasa, one of President Mnangagwa’s closest allies, predicted the ruling ZANU-PF party would “resoundingly”...
In recent weeks we have seen a procession of chief executive officers of listed companies addressing annual general meetings and announcing significant improvements to revenues and large jumps in profits. They still warn about potential constraints; they still express fears. But the off-the-shelf phrase “the present harsh economic climate” seems more...
Enacy Mapakame Zimbabwean stocks rebound strongly in the week to Wednesday led by agriculture- related shares. All of the Zimbabwe Stock Exchange’s benchmark indices pointed north at the week’s close. The primary All Share Index rose 1,64 percent week-on-week to 103,07 level while the Top 10 index climbed 2,66 percent to 104,76. The...