Who Owns Whom

Zimbabwe

Country Code: 716

ISO2 Code: ZW

ISO3 Code: ZWE

Country Economic Snapshot

2023-01-11

Zimbabwe is situated in Southern Africa, bordering Mozambique, South Africa, Botswana and Zambia to the east, south, west and north, respectively. The country is landlocked with a total area of approximately 390,757 square kilometres. It has a population of about 15 million and a GDP of UD$26.2bn. Agriculture is the backbone of Zimbabwe’s economy and is dependent on rainfall and susceptible to weather or climate variations that include droughts and floods. The agriculture sector is made up of agro-estates, a large-scale commercial sector, a medium-scale commercial farming sector and a smallholder farming sector. It is dominated by more than 1.3 million smallholder farmers, most of which are using traditional farming methods that lead to low production.

Tobacco is the largest foreign currency earner in the agricultural sector, with small- and medium-scale farmers accounting for between 60% and 70% of tobacco production. Flue cured, burley and oriental tobacco are produced, mostly under contract farming schemes for cigarette manufacturers. Sugar is the second-largest and is grown under irrigation by corporate estates and small- to medium-scale farmers. Around 80% of the country’s sugar cane is produced by Triangle Sugar Estate and Hippo Valley Estate, which also own

Zimbabwe’s two sugar mills. Seed cotton is produced by more than 300,000 smallholder farmers under rain-fed conditions and is an important cash crop.

Zimbabwe's second-largest sector is mining which includes gold, platinum group metals, chrome, coal, diamonds, and lithium. Tourism is the third-largest sector and has the potential to play a significant role in the country’s economic recovery. Zimbabwe has several national parks and natural attractions such as Hwange, Mana Pools, and Gonarezhou National Parks, Victoria Falls, Lake Kariba, and the Great Zimbabwe National Monument.

Economic activity slowed in 2022, constrained by worsening agricultural conditions and price instability. Real GDP growth is projected to slow to 3.4% in 2022 from 5.8% in 2021. Mining, trade, and tourism took advantage of high commodity prices and the relaxation of COVID-19 restrictions.

Historically Zimbabwe has had runaway inflation which is estimated to have averaged 213% in 2022 and expected to remain in triple digits in 2023. Real GDP growth is expected to be 3.6% in 2023 and 2024, supported by a better agricultural season, slowing inflation, and the relaxation of pandemic requirements.





Sources: Who Owns Whom sector reports, CIA Factbook, African Development Bank, World Bank, Trading Economics, African Statistical Yearbook and IMF.

Info

Capital Harare
Currency (Name, Abbreviation, Symbol) Zimbabwe Dollar , ZWD , Z$
Area 390,757 sq km
Type of Government parliamentary democracy
Languages English (official), Shona, Sindebele (the language of the Ndebele, sometimes called Ndebele), numerous but minor tribal dialects
Natural Resources coal, chromium ore, asbestos, gold, nickel, copper, iron ore, vanadium, lithium, tin, platinum group metals
Type of Industry mining (coal, gold, platinum, copper, nickel, tin, diamonds, clay, numerous metallic and nonmetallic ores), steel; wood products, cement, chemicals, fertilizer, clothing and footwear, foodstuffs, beverages
Stock Exchange Zimbabwe Stock Exchange. Financial Securities Exchange (Pvt) Ltd
Stock Exchange Location Harare
Stock Exchange Founded 1993
Tax Rate: Corporate 25%
Tax Rate: Individual 50%
Natural Resources coal, chromium ore, asbestos, gold, nickel, copper, iron ore, vanadium, lithium, tin, platinum group metals

Latest available information as sourced from:

African Markets

Trading Economics

Economy Watch

The World Fact Book

KPMG Tax Tables

Company Profile

There is no data available at the moment

Sector Research

CompanyName Stock Exchange Listed Date Ticker Code Country Status
African Distillers Ltd Zimbabwe Stock Exchange AFDIS Zimbabwe Active
African Sun Ltd Zimbabwe Stock Exchange 2008-05-07 AFRSUN Zimbabwe Active
Amalgamated Regional Trading Holdings Ltd (ART) Zimbabwe Stock Exchange ARTZDR Zimbabwe Active
Ariston Holdings Ltd Zimbabwe Stock Exchange ARIS Zimbabwe Active
Axia Corporation Ltd Zimbabwe Stock Exchange 2016-06-00 AXIA Zimbabwe Active
Bindura Nickel Corporation Ltd Victoria Falls Stock Exchange 2021-00-00 BNC Zimbabwe Active
Border Timbers Ltd Zimbabwe Stock Exchange BRDR Zimbabwe Suspended
BridgeFort Capital Ltd Zimbabwe Stock Exchange 2002-00-00 MMDZ Zimbabwe Active
British American Tobacco Zimbabwe (Holdings) Ltd Zimbabwe Stock Exchange BAT Zimbabwe Active
Caledonia Mining Corporation Plc Victoria Falls Stock Exchange 2021-12-01 CMCL Zimbabwe Active
CBZ Holdings Ltd Zimbabwe Stock Exchange 1998-06-29 CBZ Zimbabwe Active
CFI Holdings Ltd Zimbabwe Stock Exchange 1997-03-17 CFI Zimbabwe Suspended
Cottco Holdings Ltd Zimbabwe Stock Exchange 2008-09-01 COTT Zimbabwe Suspended
Dairibord Holdings Ltd Zimbabwe Stock Exchange DAIRB Zimbabwe Active
Delta Corporation Ltd Zimbabwe Stock Exchange DLTA Zimbabwe Active
EcoCash Holdings Zimbabwe Ltd Zimbabwe Stock Exchange 2018-12-18 CSZL Zimbabwe Active
Econet Wireless Zimbabwe Ltd Zimbabwe Stock Exchange 1998-00-00 EWZL Zimbabwe Active
Edgars Stores Ltd Zimbabwe Stock Exchange 1974-00-00 EDGR Zimbabwe Active
FBC Holdings Ltd Zimbabwe Stock Exchange FBC Zimbabwe Active
Fidelity Life Assurance of Zimbabwe Ltd Zimbabwe Stock Exchange FMHL Zimbabwe Active
First Capital Bank Zimbabwe Ltd Zimbabwe Stock Exchange 1991-00-00 BBZ Zimbabwe Active
First Mutual Holdings Ltd Zimbabwe Stock Exchange FMHL Zimbabwe Active
First Mutual Properties Ltd Zimbabwe Stock Exchange PEAR Zimbabwe Active
GB Holdings Ltd Zimbabwe Stock Exchange GBH Zimbabwe Active
Getbucks Microfinance Bank Ltd Zimbabwe Stock Exchange 2016-01-18 GBZW Zimbabwe Active
Hippo Valley Estates Ltd Zimbabwe Stock Exchange 1964-01-00 HIPO Zimbabwe Active
Hwange Colliery Company Ltd Zimbabwe Stock Exchange HWA Zimbabwe Suspended
Innscor Africa Ltd Victoria Falls Stock Exchange 2023-02-24 INN Zimbabwe Active
Karo Mining Holdings PLC Victoria Falls Stock Exchange 2022-12-14 KMH Zimbabwe Active
Khayah Cement Ltd Zimbabwe Stock Exchange LACZ Zimbabwe Active
Mashonaland Holdings Ltd Zimbabwe Stock Exchange MASH Zimbabwe Active
Masimba Holdings Ltd Zimbabwe Stock Exchange MSHL Zimbabwe Active
Meikles Ltd Zimbabwe Stock Exchange MIK Zimbabwe Active
Nampak Zimbabwe Ltd Zimbabwe Stock Exchange 1952-09-00 NPKZ Zimbabwe Active
National Foods Holdings Ltd Victoria Falls Stock Exchange 2022-12-23 NTFD.VX Zimbabwe Active
National Tyre Services Ltd Zimbabwe Stock Exchange NTS Zimbabwe Active
NMBZ Holdings Ltd Zimbabwe Stock Exchange NMB Zimbabwe Active
OK Zimbabwe Ltd Zimbabwe Stock Exchange OKZ Zimbabwe Active
Old Mutual Zimbabwe Ltd Financial Securities Exchange (Pvt) Ltd 2016-12-02 OMZIL Zimbabwe Active
Padenga Holdings Ltd Victoria Falls Stock Exchange 2021-07-09 PHL Zimbabwe Active
Proplastics Ltd Zimbabwe Stock Exchange 2015-06-08 PROL Zimbabwe Active
Rainbow Tourism Group Ltd Zimbabwe Stock Exchange 1999-00-00 RTG Zimbabwe Active
RioZim Ltd Zimbabwe Stock Exchange RIOZ Zimbabwe Active
Seed Co Ltd Zimbabwe Stock Exchange 1996-07-00 SEED Zimbabwe Active
Simbisa Brands Ltd Victoria Falls Stock Exchange 2022-12-02 SIM Zimbabwe Active
Starafrica Corporation Ltd Zimbabwe Stock Exchange 1947-00-00 SACL Zimbabwe Active
Tanganda Tea Company Ltd Zimbabwe Stock Exchange 2021-12-02 TANGANDA Zimbabwe Active
Truworths Ltd (Zimbabwe) Zimbabwe Stock Exchange 1981-04-13 TRUW Zimbabwe Active
TSL Ltd Zimbabwe Stock Exchange TSL Zimbabwe Active
Turnall Holdings Ltd Zimbabwe Stock Exchange TURN Zimbabwe Active
Unifreight Africa Ltd Zimbabwe Stock Exchange UNIF Zimbabwe Active
WestProp Holdings Ltd Victoria Falls Stock Exchange 2023-04-28 WESTP Zimbabwe Active
Willdale Ltd Zimbabwe Stock Exchange 2022-02-03 WILD Zimbabwe Active
ZB Financial Holdings Ltd Zimbabwe Stock Exchange 1967-00-00 ZBFH Zimbabwe Active
Zeco Holdings Ltd Zimbabwe Stock Exchange 2008-00-00 ZECO Zimbabwe Active
Zimbabwe Newspapers (1980) Ltd Zimbabwe Stock Exchange ZIMP Zimbabwe Active
Zimplow Holdings Ltd Zimbabwe Stock Exchange ZIMW Zimbabwe Active
Zimre Holdings Ltd Zimbabwe Stock Exchange ZIMR Zimbabwe Active
Zimre Property Investments Ltd Zimbabwe Stock Exchange ZPI Zimbabwe Active

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