Bulls n Bears Investors Notebook : 17 June 2024

Mon Jun 17 09:42:30 CAT 2024

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Bulls n Bears Investors Notebook : 17 June 2024

 <mailto:info at bulls.co.zw> 

Bulls 'n Bears Investors Diary: Today's Events

CBZ secures US$80 m credit facility from Afreximbank

In a significant move to bolster Zimbabwe's economic landscape, the African
Export-Import Bank (Afreximbank) finalised an US$80 million facility with
CBZ Bank in the Bahamas on June 12, 2024. This . .
<https://bullszimbabwe.com/cbz-secures-us80-m-credit-facility-from-afreximba
nk/> Read more >

Mutapa Fund facilitates US$431m Afreximbank loan for NRZ

THE Mutapa Investment Fund (MIF) is facilitating a US$431 million loan
facility from Afreximbank to support the National Railways of Zimbabwe
(NRZ)'s infrastructural rehabilitation. John Mangudya, chief executive
officer at .
<https://bullszimbabwe.com/mutapa-fund-facilitates-us431m-afreximbank-loan-f
or-nrz/> Read more >

Meikles posts 430% PAT uptick, as firm becomes retailer

RETAILER Meikles Limited (Meikles) posted a 430% increase in
profit-after-tax (PAT) to ZWL$469,46 billion for its financial year ended
February 29, 2024, owing to a 102% increase in revenue. The .
<https://bullszimbabwe.com/meikles-posts-430-pat-uptick-as-firm-becomes-reta
iler/> Read more >

Furore over Harare master plan

HARARE residents are up in arms with the local authority, which they accuse
of trying to smuggle a master plan produced without their input contrary to
the law. Officials at .
<https://bullszimbabwe.com/furore-over-harare-master-plan/> Read more >

RBZ, SecZim design framework for virtual assets trading

THE Securities and Exchange Commission of Zimbabwe (SecZim) and Reserve Bank
of Zimbabwe (RBZ) are working on a framework to facilitate the trading of
virtual assets, it has been revealed. .
<https://bullszimbabwe.com/rbz-seczim-design-framework-for-virtual-assets-tr
ading/> Read more >

Cement firm sales volumes grow by 38 percent despite challenges

LISTED cement manufacturer Khayyam Cement Limited says it is uniquely
positioned to support Government-driven initiatives in the agricultural
sector through its Dry Mortar Products. In its trading update for the .
<https://bullszimbabwe.com/cement-firm-sales-volumes-grow-by-38-percent-desp
ite-challenges/> Read more >

Innovators urged to monetise projects to create more wealth

INNOVATORS have been urged to monetise their projects and help improve the
country's economy towards achieving an upper-middle-income economy by 2030.
Postal and Telecommunications Regulatory Authority of Zimbabwe (Potraz)
director-general, .
<https://bullszimbabwe.com/innovators-urged-to-monetise-projects-to-create-m
ore-wealth/> Read more >

Leather, textile manufacturing sectors gear up for Sadc industrialisation
week

ZIMBABWE's leather and textile manufacturing sector has started warming up
for the upcoming Southern African Development Community (Sadc)
Industrialisation Week to be hosted in Harare next month, which will precede
.
<https://bullszimbabwe.com/leather-textile-manufacturing-sectors-gear-up-for
-sadc-industrialisation-week/> Read more >

Zimplats records zero lost-time injuries (LTIs) in Q1

PLATINUM group and associated metals producer, Zimplats, recorded zero
lost-time injuries (LTIs) during the quarter ended 31 March 2024, which the
company attributed to commitment to workers' safety. A lost-time .
<https://bullszimbabwe.com/zimplats-records-zero-lost-time-injuries-ltis-in-
q1/> Read more >

Harnessing the power of Oyster Mushrooms: a natural defense against
xenobiotics

DO you remember the last time you sipped on a flavoured drink, applied a
moisturizer, or used a plastic water bottle? Maybe you didn't think twice
about the ingredients in .
<https://bullszimbabwe.com/harnessing-the-power-of-oyster-mushrooms-a-natura
l-defense-against-xenobiotics/> Read more >

9 000 hectares under winter wheat in Midlands

FARMERS in the Midlands province have put over 9 000ha under winter wheat, 3
000ha short of the 12 000ha target set for this season. With the winter
wheat planting .
<https://bullszimbabwe.com/9-000-hectares-under-winter-wheat-in-midlands/>
Read more >

'Digital transformation becoming reality in Zim'

THE Postal and Telecommunications Regulatory Authority of Zimbabwe (Potraz)
says the deployment of higher data capacity base stations by mobile network
operators (MNOs) is evidence that digital transformation is fast .
<https://bullszimbabwe.com/digital-transformation-becoming-reality-in-zim/>
Read more >

IDBZ to build more students accommodation

The Infrastructure Development Bank of Zimbabwe (IDBZ) will shift focus to
other locations around the country after completing the construction of the
Bulawayo Students Accommodation Complex, chief executive Mr Thomas .
<https://bullszimbabwe.com/idbz-to-build-more-students-accommodation/> Read
more >

Kenya to scrap excise duty on eggs, onions from EAC

Kenya has proposed to remove excise duty on eggs, potatoes and onions from
the East African Community (EAC) in measures that could promote intra-trade
within the bloc. At a pre-budget .
<https://bullszimbabwe.com/kenya-to-scrap-excise-duty-on-eggs-onions-from-ea
c/> Read more >

Accounting giant Forvis Mazars starts Zim operations

Global accounting and advisory giant Forvis Mazars has officially launched
its Zimbabwean operations, signalling confidence in the country's economic
prospects. Speaking during the launch ceremony, Mr Lovemore Kamuzangaza,
Forvis Mazars .
<https://bullszimbabwe.com/accounting-giant-forvis-mazars-starts-zim-operati
ons/> Read more >

' Zim will not relent on growing mining returns'

THE Government is forging ahead with policies to ensure the country derives
maximum benefits from its mineral resources, Permanent Secretary in the
Ministry of Mines and Mining Development Mr Pfungwa .
<https://bullszimbabwe.com/zim-will-not-relent-on-growing-mining-returns/>
Read more >

INVESTORS DIARY 2024

Company

Event

Venue

Date & Time

REST OF AFRICA

Counters Trading Under Cautionary

CBZH

GetBucks

EcoCash

Padenga

Econet

RTG

Fidelity

TSL

FMHL

Post your event (AGM, EGM, Analysts Briefing, etc) on the Investor Diary
free of charge and reach out to the market. We have annual gold prices since
1900, monthly since January 1971 and daily prices since January 2000. We
also provide historical ZSE prices on request.

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DISCLAIMER: This report has been prepared by Bulls 'n Bears, a division of
Faith Capital (Pvt) Ltd for general information purposes only and does not
constitute an offer to sell or the solicitation of an offer to buy or
subscribe for any securities. The information contained in this report has
been compiled from sources believed to be reliable, but no representation or
warranty is made or guarantee given as to its accuracy or completeness. All
opinions expressed and recommendations made are subject to change without
notice. Securities or financial instruments mentioned herein may not be
suitable for all investors. Securities of emerging and mid-size growth
companies typically involve a higher degree of risk and more volatility than
the securities of more established companies. Neither Faith Capital nor any
other member of Bulls 'n Bears nor any other person, accepts any liability
whatsoever for any loss howsoever arising from any use of this report or its
contents or otherwise arising in connection therewith. Recipients of this
report shall be solely responsible for making their own independent
investigation into the business, financial condition and future prospects of
any companies referred to in this report. Other  Indices quoted herein are
for guideline purposes only and sourced from third parties.

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5557 | +263 71 944 1674

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