馃嚳馃嚰ZimbabweSouthern Africa
Zimbabwe Stock Exchange market capitalization reaches US$3.26 billion
via NewsDay Zimbabwe1 min read
The Zimbabwe Stock Exchange's market capitalization was approximately US$3.26 billion as of last Friday, while the Victoria Falls Exchange VFEX stood at US$3.54 billion. This comes as National Foods has invested US$25 million in local milling, and Mpilo has begun installing a new cancer treatment machine. Foreign military attach茅s recently toured ARDA projects, commending Zimbabwe's agricultural efforts. However, ART operations have been affected by power outages and raw material shortages, leading to a 6% decline in export volumes and a 26% decline in paper division volumes during the third quarter to June 2022. There are also calls for urgent action on ecosystem restoration and climate resilience, with an emphasis on high-integrity carbon markets and local credit ratings for climate finance.
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Afreximbank's digital ecosystem has enabled a Zimbabwean firm to secure a landmark US$5.3 million fuel deal. This initiative aims to expand access to trade finance, allowing more businesses to participate in regional and international trade. The development highlights how digital platforms are streamlining trade processes and fostering greater economic engagement across borders.
Must ReadZimbabwe has commissioned a specialized honey testing laboratory to enhance its export competitiveness. This development comes as the country also focuses on El Ni帽o preparedness, with ARDA delivering 120,000MT. Other news includes a parliamentary committee recommending a commission of inquiry into the Hwange governance dispute, proposed new grain levies to address climate and food security risks, and Econet launching XtraData Bundles. ART operations have been affected by power outages and raw material shortages, leading to a decline in export and paper division volumes in the third quarter to June 2022.
Must ReadA US envoy has stated that the rule of law and policy certainty are crucial for attracting investment to Zimbabwe. This comes amidst various local developments, including Econet launching new data bundles, ARDA delivering 120,000 metric tons of produce as Zimbabwe prepares for El Ni帽o, and proposed new grain levies to address climate and food security risks. Other news includes political tensions leading to violence, power outages and raw material shortages affecting ART operations, and the commissioning of a specialized honey testing laboratory to boost export competitiveness.