Meikles Limited (ZSE:MEIK) says it has agreed to sell-off its flagship Meikles Hotel to ASB Hospitality Zimbabwe, a subsidiary of the Dubai based Albwardy Investment for US$20 million.

The Zimbabwe Stock Exchange (ZSE) says it will introduce Exchange Traded Funds (ETFs) as part of efforts by the domestic bourse to offer wide investment choices.

Following the Monetary Policy Statement (“MPS”) announcementby the Reserve Bank of Zimbabwe on 20 February 2019, the Zimbabwe Stock Exchange Limited (“ZSE”) is advising the investing public that with effect from 21 February 2019, the trading currency on the ZSE has changed to RTGS dollars.

Cassava SmarTech Zimbabwe (ZSE:CSZL) made history on 18 December 2018 when it debuted in the market at a price of $1,50 per share, valuing the company at $3,8bn. It immediately became Zimbabwe’s third most valuable company after Delta and Econet Wireless (ZSE:ECO) (its now telecoms only, sister company).