The Zimbabwe Stock Exchange (ZSE) has suspended agro-industrial group, CFI Holdings from trading for three months to allow the company to comply with listing requirements, the bourse said today.
An estimated 90 percent of the country’s resettled farmers have failed to settle their loans with banks, with financial institutions now reluctant to lend, an official said yesterday.
Gains in beverage maker, Delta lifted the Zimbabwe Stock Exchange All Shares Index by 0.41 percent to 98.25 points today.
Zimbabwe has invited bids to buy stakes in up to eight parastatals, including telecomms firms, Air Zimbabwe, Zesa Holdings and the National Railways of Zimbabwe and is selling off its shareholdings in other private firms in a bid to plug its ballooning budget deficit.
The Zimbabwe Stock Exchange recorded its highest annual turnover since dollarisation in 2009, amounting to $694.8 million in 2017 after a huge sell-off in November as former president Robert Mugabe’s 37-year grip on power came to an end.
As the military strengthens its position and promises of cash come in, ZANU-PF is confident of winning national elections, Africa Confidential reports.