Markets

Markets

Seventy-five cents and a Zimbabwean dinosaur

By Cathy Buckle An icy cold moved into Zimbabwe last week, with night-time temperatures dropping to three degrees Celsius in my home town sending us running to the markets looking for warm clothing. “Only US$10 Ma’am,” the vendor said as she looked through her racks of second-hand warm jackets for one to my liking. We

5 technological challenges for the financial sector in 2024

To begin with, according to https://www.newzimbabwe.com/financial-innovations-and-the-banking-sector-in-zimbabwe-current-trends/, the financial sector approaches a previously unknown technological junction because the technology revolution has reached its turning point regarding financial operations. As we progress into the 2024 year, new technology challenges will influence this process throughout this particular year. However, the integration of emerging technologies will have to be aimed

Zimbabwe’s dollar-only bourse poised for further growth

By Reuters HARARE: The value of stocks on Zimbabwe’s dollar-only bourse has jumped by 85% since the start of the year to more than $1 billion, its CEO told Reuters on Tuesday, adding he anticipated continued growth. The Victoria Falls Stock Exchange (VFEX) was set up in 2020 to attract global investors targeting export-oriented companies

Zimbabwe sees big rise in air flights as tourism rebounds

By Xinhua HARARE: Zimbabwe recorded an increase of 52.3 percent in the number of both domestic and international flights in 2022 compared to the previous year, as the tourism sector continues to rebound from the COVID-19 pandemic, the Zimbabwe National Statistics Agency (ZIMSTAT) said Monday. The number of flights increased to 50,640 in 2022, up

What are Vector Graphics and How Best to Use Them

Vector graphics are, in a sense, a more advanced form of computer graphics to design and print a finished drawing, logo, or a promo poster. As vector technology is based on mathematical statements that place lines and geometrical shapes, you can achieve a high sharpness of the image on any scale. Unlike raster pictures made

UK-based Marula Mining set to tap into Zim’s Lithium resource

By Alois Vinga ENGLAND based mining investor, Marula Mining PLC – Haywards Heath has tabled plans to establish a new mining subsidiary in Zimbabwe which will focus on the fast growing battery metals sector. The mineral resource rich Southern Africa nation has the largest lithium deposit on the continent amid expectations that it can do better from

A Look at 10 of Today’s Most Popular Progressive Jackpot Online Slots

If you’re looking for an online slot machine with a mouth-watering progressive jackpot, you’ve come to the right place. Here are some of today’s most famous progressive jackpot slots that can potentially turn you into a multi-millionaire on any lucky spin. To play any of these online slots, you must be at least 18 years

Zimbabwe’s ban on lithium ore exports triggers stockpile buildup

By Bloomberg News Zimbabwe’s ban on lithium ore exports has resulted in stockpiles of the key battery metal building up in the southern African country. The ban – introduced by the government last December in a bid to encourage local processing of the metal – has resulted in two-million tons of ore being stockpiled, according to

What Are The 7 Benefits Of Buying Supplements In Bulk?

Bulk buying supplements can be an excellent way to save money on the cost of regular supplementation. Also, it takes the hassle out of having to frequent the store or store racks to purchase one pack at a time. This can make shopping for supplements an efficient, cost-effective process, especially if you plan to take

Lance Mambondiani steps down as BancABC head

By UK Correspondent BANKER Lance Mambondiani is stepping down as managing director of BancABC, having been head of the Zimbabwe unit of the regional financial services institution since July 2019. Sources dismissed speculation claiming the banker, known for his keen interest financial services innovation, was leaving due to a fallout with the bank’s board. His

Zimbabwe wants to become Africa’s Dubai with offshore financial centre

By Bloomberg News Dollar-only Victoria Falls Stock Exchange experiencing listings boom De-listing on main exchange not a worry, finance minister says Zimbabwe plans to set up an offshore financial centre in the resort city of Victoria Falls that the government wishes to vie with the likes of Dubai and the Isle of Man to attract

Investing in Crypto from Zimbabwe: Safety Protocols

Investing in crypto from Zimbabwe can be a great way to diversify your portfolio and take advantage of the potential returns offered by digital currencies. However, as with any form of investment, there are certain safety protocols that should be kept in mind to ensure the security of your funds. On top of that, the

Namibia, Zimbabwe gear up to keep more profits from lithium boom

By Clara Denina and Wendell Roelf I Reuters CAPE TOWN: Lithium-rich African countries, including Zimbabwe and Namibia, are trying to develop processing and refining industries to capture more of the profits of global demand for the battery material. As the auto industry shifts towards electric vehicles (EVs) – spurred by proposed bans on fossil-fuel cars

S.Africa’s Transnet halts rail link to regional countries after heavy rains

By Reuters South Africa’s logistics utility Transnet on Friday suspended freight rail services on its North East Corridor, which links with several countries in southern Africa, as heavy rains damaged infrastructure on the line. The corridor, which mostly moves mineral commodities, links South Africa to Swaziland, Zimbabwe, Mozambique, Zambia and the Democratic Republic of Congo.

Botswana warns of dangers in dash for African minerals

By Reuters African governments must be wary of the risks created by rising global competition for the continent’s minerals, Botswana’s mines minister said, as world powers seek new sources of metals needed for the transition to a lower carbon economy. “When there is a rush, people come in, take whatever they want to take, and

Investing in Crypto from Zimbabwe: Safety Protocols

Investing in crypto from Zimbabwe can be a great way to diversify your portfolio and take advantage of the potential returns offered by digital currencies. However, as with any form of investment, there are certain safety protocols that should be kept in mind to ensure the security of your funds. On top of that, the

Top miner Roach urges local beneficiation of lithium; says mineral has to benefit Zimbabweans 

By Leopold Munhende, Chief Correspondent TOP mining expert and London listed Premier African Minerals (PAM) Chief Executive Officer (CEO) George Roach has come out in support of government new thrust to have lithium processed locally. Speaking a month after President Emmerson Mnangagwa announced a blanket ban on export of raw lithium, Roach, whose Zulu Lithium has interests in Fort Rixon said the mineral

Snaptube, A Free Video and Music Downloader App For Android

Desc: Check out this review on how to download and utilize Snaptube. It is a free file downloader app to save any content from social media and online platforms. Often find funny and interesting videos on social media and wanna save them to your phone gallery? Well, Snaptube can help you with that. As we know,

Zim Oil and Gas project: Drilling problems defeat Invictus Energy – for now

By energyvoice.com Drilling problems have defeated Invictus Energy, for now, with the company bringing its first exploration well to a close. While pressure has proved to be a challenge, there have been encouraging results. The company began drilling the Mukuyu-1 well, in Zimbabwe’s Cabora Bassa Basin, in late September. By mid-November, Invictus was reporting positive results.

Botswana Diamonds plans Zimbabwe explorations

By Agencies Botswana Diamonds (BOD), the UK-based explorer, says it is seeking joint venture opportunities to seek out new assets in Zimbabwe. The country relies on diamond mining for around 70 per cent of its foreign currency revenue, but is battling grinding poverty among its 15m population, John Teeling, chairman of BOD, said in a