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Listed companies target regional markets

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COMPANIES listed on the Zimbabwe Stock Exchange (ZSE) are expanding into the region to position for “real growth”, leveraging on the new market’s improved business environment to increase revenue and volumes in the wake of disruptions and threats still posed by Covid-19, inflation and the exchange rate.

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This comes as foreign currency challenges, high inflation and a widening gap between the official and parallel market rates depleted their revenues and increased operating costs, according to financial results and trading updates announced last year.
Fidelity Life Assurance of Zimbabwe said it was planning to expand into the region to increase revenue and stability.

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