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Plain-language articles on Zimbabwean markets, regulation, and asset-token investing — written by our editorial team and fact-checked before publishing.
6 November 2026
6 shares rose, 9 fell, 21 stayed the same.
Most stocks were flat on the ZSE today: 21 unchanged, 9 fell, and 6 rose. Ariston Holdings led gainers, up 14.24%, followed by CBZ Holdings at 7.14%. FBC Holdings had the largest drop, down 10.73%, with Hippo Valley Estates down 8.84%.
Wondering why? Ask Ndarama Intelligence.
Top gainers
Top losers
Price data via Shareholder View. Figures are as-traded, not adjusted.
market_watch
ZIDA's Q3 numbers: separating promised billions from money that actually landed
ZIDA’s latest report holds three different investment numbers. Only one of them is money that has arrived, and it is US$1.95 billion The real story…
5 min read
regulatory
Zimbabwe's new five-year financial strategy: what savers, borrowers and investors should watch
Zimbabwe has a five-year plan for its financial sector. It says where policy wants to go, and savers and borrowers should wait for the rules The real…
5 min read
market_watch
What 11 Zimbabwean banks are really saying with their US$160m Mutapa Gold commitment
Eleven Zimbabwean banks have committed US$160 million to a gold mine expansion. It shows how much long-term mining debt local lenders will now carry…
6 min read
regulatory
Zimbabwe gets a separate investment ministry: what it could mean for diaspora and retail money
Zimbabwe has split its finance ministry in two: one minister for the budget, another for investment. What it changes depends on what follows The real…
4 min read
Market Watch
Zimbabwe lithium's tax fight: what producers want and why it matters
Zimbabwe’s lithium producers want a tax cut tied to processing. The state wants more local processing, and the two sides disagree on who should pay…
4 min read
Market Watch
Dangote’s IPO has a Zimbabwe window — and it closes before the Nigerian deadline
Dangote Petroleum Refinery and Petrochemicals FZE is raising roughly US$1.6 billion (₦2.15 trillion) by offering 4.1 billion ordinary shares at ₦525…
5 min read
market_watch
A market that gives with one hand, takes with another
Two Zimbabwean market stories, one lesson: before you buy or hold a share, check where the money goes and how you get out The real story is not…
4 min read
market_watch
Zimbabwe is now Africa's 14th-largest economy. Here's what the $65.9bn figure actually tells you.
Zimbabwe is now the 14th largest economy in Africa. It has climbed three places in a year, and it is smaller in people than most of the economies…
4 min read
market_watch
SecZim wants capital markets to unlock technology investment. Here's where tokenised real-world assets fit.
Zimbabwe’s securities regulator says the country must modernise its capital markets to fund technology businesses. It is a direction of travel, not…
4 min read
market_watch
IFC–Zimbabwe talks: a proposal, not yet a pile of money
Zimbabwe’s finance minister has discussed IFC support for small businesses, a border crossing and export crops. Nothing has been signed The real…
5 min read
market_watch
Amalgamated Brands IPO: what you're actually buying before the 30 November close
The biggest share offer in a while on the VFEX is mostly a shareholder selling down. Only a quarter of the US$20 million goes to the company The real…
5 min read
market_watch
Zimbabwe's mineral exports more than doubled!
Zimbabwe set a deadline for selling processed lithium, and the first sulphate sales show the policy is starting to bite. The harder test comes on 1…
5 min read
market_watch
Unifreight’s board wants to move from the ZSE to the VFEX
Unifreight’s board wants to move from the ZSE to the VFEX. The board has approved the plan, but no terms or timeline have been published The real…
4 min read
market_watch
Zimbabwe has a new regulated exchange for smaller businesses. It is real and approved
Zimbabwe has a new regulated exchange for smaller businesses. It is real and approved, but it has not yet completed a first listing The real story is…
6 min read
market_watch
Zimbabwe's capital markets get a seat at Africa's table
A Zimbabwean has been named vice president of the body linking Africa's stock exchanges. It raises Zimbabwe's profile, but it changes no rules The…
5 min read
market_watch
Inside the Mutare dry port: what PSPF’s reported US$60m is buying
A US$60 million dry port near Forbes Border Post is meant to move the truck queues away from the border. A pension fund is paying for it, and that…
6 min read
market_watch
What record US$15.9 billion forex inflows mean for your money
Zimbabwe took in a record US$15.9 billion in foreign currency in nine months. Most of it was earned by miners, farmers and families, not borrowed The…
6 min read
market_watch
A US delegation to Harare is "expected." Here is what is confirmed, and why the direction of travel matters
A US delegation to Harare is "expected." Here is what is confirmed, and why the direction of travel matters The real story is not one visit. It is…
5 min read
basics
The RBZ is taking ZiG to the border towns, where the currency has been slowest to catch on
The RBZ is taking ZiG to the border towns, where the currency has been slowest to catch on The real story is not an order to accept ZiG. It is the…
4 min read
market_watch
Zimbabwe's president has asked investors to back municipal bonds and green energy funds
Zimbabwe's president has asked investors to back municipal bonds and green energy funds. Neither exists in Zimbabwe yet The real story is not a new…
4 min read
regulatory
Pension funds say they are investing in Matabeleland
Pension funds say they are investing in Matabeleland. The regulator's message is that the money only goes where the numbers work The real story is…
4 min read
market_watch
Ariston Holdings proposes a move from the ZSE to the VFEX
Ariston Wants to Move From the ZSE to the VFEX — But the Board's "Yes" Isn't the Final Word A company's board approving a plan to switch exchanges is…
3 min read
market_watch
Three Companies Now Drive 70% of the ZSE's Top 10 Index
Three Companies Now Drive 70% of the ZSE's Top 10 Index — What That Means for Diversification The ZSE's index reshuffle looks like routine…
5 min read
market_watch
ZSE leads Africa with 71% YTD gains as SECZIM pushes investor education
The ZSE's "71% Return" Is Actually Two Different Numbers — Here's Why That Matters Zimbabwe's stock exchange overtook Nigeria as Africa's best…
5 min read
market_watch
Five SONA takeaways for the everyday Zimbabwean investor
Five Things the State of the Nation Address Means for Your Money President Mnangagwa's speech reported strong inflation and growth numbers, and…
5 min read
Market Watch
SecZim tightens rules for secondary-market trade in treasury securities
SECZim Now Wants Every Government Bond Trade Registered — Here's What That Code Does and Doesn't Prove A new directive puts a transaction code on…
4 min read
Market Watch
Zisco Just Changed Hands, Not Machinery — Here's the Difference That Matters
Zisco Just Changed Hands, Not Machinery — Here's the Difference That Matters Zimbabwe's mothballed steel giant has a new legal owner. That's a real,…
3 min read
Market Watch
RBZ Cuts Rates Again — But 27.5% Against 3.7% Inflation Is Still Expensive Money
RBZ Cuts Rates Again — But 27.5% Against 3.7% Inflation Is Still Expensive Money This is the second rate cut in four months, and the Reserve Bank…
4 min read
Investment Ideas
A US$1.4 Million Commercial Centre Opens in Gweru, With Space for 31 Small Businesses
A US$1.4 Million Commercial Centre Opens in Gweru, With Space for 31 Small Businesses The Man-Vim Centre shows how real-asset investing looks outside…
4 min read
Market Watch
SECZim Says Tokenised Property Is Coming Under Supervision
SECZim Says Tokenised Property Is Coming Under Supervision. Here's What That Means, and What It Doesn't Owning a slice of a building for a few…
4 min read
market_watch
Old Mutual Shares Just Started Trading Again — For the First Time in Six Years
Old Mutual Shares Just Started Trading Again — For the First Time in Six Years Roughly 30,000 Zimbabwean shareholders had money frozen in place since…
4 min read
market_watch
The ZSE Just Made Listing 10x Cheaper
The ZSE Just Made Listing 10x Cheaper — But That Doesn't Fix Why Companies Are Leaving Lower entry barriers can bring in more companies. They can't…
4 min read
market_watch
This Week on Zimbabwe's Markets: ZSE Pulled Back, VFEX Advanced, and the Dairibord Sale Just Got a Formal Regulatory Review
This Week on Zimbabwe's Markets: ZSE Pulled Back, VFEX Advanced, and the Dairibord Sale Just Got a Formal Regulatory Review Zimbabwe's biggest…
5 min read
market_watch
Zimbabwe Opens the Cabora Bassa Basin to Global Energy Investors
Zimbabwe Opens the Cabora Bassa Basin to Global Energy Investors — A Deliberate Move, Not a Gamble Zimbabwe has no track record in oil and gas.…
5 min read
Market Watch
Cement Demand in Zimbabwe Has Nearly Doubled in Under a Decade
Cement Demand in Zimbabwe Has Nearly Doubled in Under a Decade — And a Wave of New Plants Is Racing to Catch Up Cement is one of the earliest signals…
4 min read
regulatory
SECZIM Just Raised the Bar for Who Can Handle Your Investments
SECZIM Just Raised the Bar for Who Can Handle Your Investments — Here's What That Actually Protects You From A brokerage or asset manager going under…
4 min read
market_watch
Dairibord Is Bigger Than Most People Realise — And Its Controlling Shareholders Are Now Selling
Dairibord Is Bigger Than Most People Realise — And Its Controlling Shareholders Are Now Selling People tend to underrate Dairibord when they list…
6 min read
market_watch
Mutapa's Gold Target Could Be Worth US$500 Million
Mutapa's Gold Target Could Be Worth US$500 Million — But Only If Gold Prices Hold at Current Levels Two state-linked mining announcements this week…
5 min read
Market Watch
Zimbabwe Wants Diaspora Money to Do More Than Pay Rent
Zimbabwe Wants Diaspora Money to Do More Than Pay Rent — Here's the Difference Between a Remittance and an Investment Zimbabweans abroad already send…
5 min read
basics
Zimbabwe's Gold Vault Now Holds 4.48 Tonnes — Built From Almost Nothing in Under Three Years
Zimbabwe's Gold Vault Now Holds 4.48 Tonnes — Built From Almost Nothing in Under Three Years Zimbabwe's president personally inspected the vault. The…
5 min read
basics
Zimbabwe's "US$16 Billion Export Boom" Isn't an Export Number — Here's What It Actually Is
Zimbabwe's "US$16 Billion Export Boom" Isn't an Export Number — Here's What It Actually Is The headline figure from Zimbabwe's Dubai trip counts…
4 min read
market_watch
This Week on Zimbabwe's Markets: The ZSE Slipped, VFEX Sent Mixed Signals, and Dividends Kept Flowing
This Week on Zimbabwe's Markets: The ZSE Slipped, VFEX Sent Mixed Signals, and Dividends Kept Flowing The exchange operator's own stock jumped double…
5 min read
market_watch
Foreign Brands Are Leaving Zimbabwe — But Their Clients, Stores and Staff Aren't Going Anywhere
Foreign Brands Are Leaving Zimbabwe — But Their Clients, Stores and Staff Aren't Going Anywhere When PwC's Zimbabwean operation became Vista…
4 min read
Market Watch
World Bank Removed Zimbabwe From Its Fragile-States List
World Bank Removed Zimbabwe From Its Fragile-States List — After at Least a Decade There. That's Not a Small Thing. Zimbabwe wasn't hovering near…
5 min read
basics
Gold is quietly doing the heavy lifting for the ZiG
Zimbabwe's Gold Reserves Nearly Tripled in Two Years — That's Part of Why the ZiG Isn't Swinging Like Old Currencies Used To The ZiG's relative calm…
4 min read
basics
Why the RBZ is holding the line on Zimbabwe's 70/30 export split
The RBZ Just Told Exporters No — the 30% Currency Surrender Rule Isn't Going Anywhere Exporters wanted this rule loosened. The central bank said no…
4 min read
regulatory
Some Miners Tried to Pass Fake Gold to Fidelity. Here's Why
Some Miners Tried to Pass Fake Gold to Fidelity. Here's Why That's a Story About Fraud Being Caught, Not Gold Being Untrustworthy. Zimbabwe's…
5 min read
market_watch
Zimbabwe's Stock Exchange Went From Losing 75% to Being Africa's Best Performer
Zimbabwe's Stock Exchange Went From Losing 75% to Being Africa's Best Performer — Here's the Whole Story Companies left the ZSE for the VFEX because…
4 min read
Zimbabwe Money
Zimbabwe Has Met 6 of 8 Conditions for a ZiG-Only Economy.
Zimbabwe Has Met 6 of 8 Conditions for a ZiG-Only Economy. The RBZ's Own Math Says the Job Is Only Half Done. "Six out of eight" sounds like nearly…
5 min read
market_watch
The RBZ Governor Says the ZiG Is Worth 15 to the Dollar. The Market Says 25–28.
The RBZ Governor Says the ZiG Is Worth 15 to the Dollar. The Market Says 25–28. Here's the Gap. "Undervalued" sounds like an opportunity. What it…
5 min read