REASON: Why companies in Zimbabwe are delisting from ZSE to VFEX?
In recent years, a number of companies in Zimbabwe have chosen to delist from the Zimbabwe Stock Exchange (ZSE) and list instead on the Victoria Falls Stock Exchange (VFEX).
Business
RosGwen Group announces a US$2m fund to support African entrepreneurs
RosGwen Group, a conglomerate with interests in energy, manufacturing and technology, has announced a US$2m fund to support African entrepreneurs in technology, agriculture and manufacturing sectors.
Zimbabwe offers white farmers new terms for its $3.5 billion contract
Zimbabwe has proposed to settle a US$3.5 bn land compensation deal over 10 years as the most recent modification to an agreement made in 2020 with former white farmers who were evicted from properties more than 20 years ago.
President Buhari moves to ease Nigeria’s cash shortage crisis
Nigeria president Muhammadu Buhari defended a currency change that provoked demonstrations and a shortage of cash on Thursday, but he also directed that old, small denomination 200 naira notes stay in circulation to help with the shortage.
Meikles Limited financially sound, plans expansion drive
Meikles Limited claims to be financially sound, with cash and bank balances totalling more than US$19 million, allowing the business to keep up with its expansion plans.
ZPC misses power generation target, blames recurring units break down
Zimbabwe Power Company (ZPC) reports that it fell short of its 2,490GWh fourth quarter output target for 2022 by 30,96% to 1,719GWh, and that its annual energy output fell 7,29% short of the target.
Zimbabwe to seize unproductive farms given to locals
The government of Zimbabwe has declared its intention to take back more than 20 farms that were given out as part of the land reform programme but were never used for anything useful.
Mozambique applauds the growth of Swiss direct investment
President Filipe Nyusi has applauded the growth of direct investment by Swiss firms in Mozambique in key sectors including finance, logistics and maritime transport, manufacturing, agriculture, agribusiness, manufacturing, energy, hotels, and tourism.
Chipo Mtasa replaces Chinamasa as Air Zimbabwe board chair
Chipo Mtasa, a former managing director of TelOne, has been named board chair of Air Zimbabwe as of Monday 6th February 2023 replacing former finance minister Patrick Chinamasa, who held the position since June 2019.
Apple CEO Tim Cook ready for radical AI ’revolution’
Apple CEO Tim Cook believes that artificial intelligence (AI) has the ability to significantly alter a number of aspects of contemporary society during the company's most recent financial results presentation.