Omega Ukama, Deputy News Editor, Author at The Financial Gazette

BAT stock rebounds in Q3

A REVIEW of the Zimbabwe Stock Exchange (ZSE)’s Top 10 Index constituents at the end of September saw British American Tobacco (BAT) reclaiming its spot among the heavyweights, on the back of a 121 percent gain during the third quarter. (more…)

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October 16, 2021

Uncategorized

Crypto community welcomes regulation

ZIMBABWE’S cryptocurrency community has welcomed impending legislative changes for the recognition of virtual assets as “securities”, saying this would allow innovation in the financial technology space.…

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October 13, 2021

National Report

Padenga banks on Eureka plant

PADENGA Holdings (Padenga) remains buoyant ― despite incurring a US$7 million loss during the six months to June 30, 2021― after finishing the rehabilitation of its flagship plant at Eureka Mine in July, which is expected to boost gold production. (more…)

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October 11, 2021

Top Stories

Inflation re-ignites local bourse

THE Zimbabwe Stock Exchange (ZSE) gained 29 percent in September to recover from a three percent loss in August, as inflation increased for the first time since January, amid foreign currency disbursement delays on the central bank’s auction system. (more…)

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October 11, 2021

Top Stories

RBZ to ramp up open market operations

THE Reserve Bank of Zimbabwe (RBZ) says it is increasing open market operations (OMO) to deal with resurgent inflationary pressures. (more…)

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October 10, 2021

Top Stories

FCA cover will enhance confidence, bankers say

THE Bankers Association of Zimbabwe (BAZ) has welcomed the Deposit Protection Corporation (DPC)’s bid to cover foreign currency denominated accounts (FCAs), saying this would boost confidence. (more…)

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October 9, 2021

Uncategorized

OM ETF regains lead over benchmark

THE Old Mutual (OM) Exchange Traded Fund (ETF) has gained 50 percent since the beginning of August, reclaiming a lead over its benchmark, the Zimbabwe Stock Exchange (ZSE) Top 10 Index, which is now 15 percentage points behind with year-to-date gains of 135 percent.…

0 COMMENT
October 5, 2021

Companies & Markets

Padenga share price rebounds

PADENGA Holdings (Padenga) has gained close to 60 percent on the Victoria Falls Stock Exchange (VFEX) since late-July, recovering from the early losses it suffered at its migration to the budding market. (more…)

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October 3, 2021

Top Stories

Pension funds rediscover billions in wealth

THE Insurance and Pensions Commission (Ipec) says the book value of pension funds’ asset base doubled in real terms during the 12 months to June 30, 2021, after refinements to valuation models, which had been wrecked by Zimbabwe’s currency changes in 2019. (more…)

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September 30, 2021

Top Stories

US$-denominated insurance gains popularity

FOREIGN currency-denominated insurance has gained popularity in Zimbabwe, amid high inflation, with US$ policies accounting for close to half of the business on short-term insurers books as at June 30, 2021, regulator statistics show. (more…)

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September 30, 2021

Wednesday, 20 October 2021

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