Stocks rallied during the week to Wednesday, March 20 with the ZSE All Share index recording a strong 33,07 percent gain to 729,761.90. The favoured ZSE Top Ten Index was even better with a 37,31 percent gain to 338,234. The market capitalisation has since breached the previous record after gaining 34,25 percent to $58,588,979,250. The…
The move, according to the RBZ, meant to enhance foreign exchange resources needed to settle national and international obligations that normally require foreign currency.
Zimbabwe Stock Exchange (ZSE) listed horticulture firm, Tanganda Tea Company intends to expand its regional footprint to grow its export proceeds and dilute the impact of foreign exchange surrender requirements on forex revenue. This comes after the companyโs export revenue grew despite registering a fall in volumes due to the impact of the El Nino…