Shiri Financials AfriStock Insights

The BRICS countries (Brazil, Russia, India, China, and South Africa) are emerging as a major force in the global economy. Together, they account for over 30% of the world's population and 25% of the world's GDP. In recent years, the BRICS countries have been increasingly looking to Africa as a partner for trade, investment, and development. For many African countries, the BRICS offer an alternative to the traditional Western partners, such as the United States and the European Union. The BRICS countries are seen as being more willing to work with Africa on its own terms, and they are not as likely to impose conditionalities on their aid and investment. The rise of the BRICS countries is a significant development for Africa. The BRICS offer Africa an alternative to the traditional Western partners, and they are more supportive of Africa's development goals. This could lead to a more equitable and mutually beneficial relationship between Africa and the BRICS countries. Th...

For many years, the US dollar has held a dominant position as the world's reserve currency. However, this position is gradually being challenged by various factors, and the implications of this shift are particularly significant for countries like Zimbabwe, which heavily rely on the US dollar. In this blog post, we will delve into the reasons behind the decline of the US dollar's dominance and explore how Zimbabwe can navigate these changes. The US dollar's global dominance stems from various factors that have solidified its position over the years. Firstly, the United States boasts the largest economy worldwide, making the US dollar a natural choice for international transactions. This economic might is further amplified by the stability and reliability of the US financial system, which has engendered trust and confidence in the currency. Reasons for the US Dollar Dominance Moreover, the US dollar's status as the primary currency for commodities, such as oil, has...

Welcome, fellow adventurers, as we embark on a thrilling journey through the financial landscape of Delta Corporation Limited, a leading beverage company in Zimbabwe. Get ready to explore the financial statements for the year ended March 31, 2023, and uncover the impressive growth, overcoming of challenges, and the sweet taste of dividends. Analysing financial statements in Zim dollar is just wrong and impossible but we like numbers so we took up the challenge and tried to convert the numbers to USD. In this blog post, we will analyse the financial statements of Delta Corporation for the year ended 31 March 2023, using the black market rate on 31March 2023 of 1 US dollar = 1450 ZWL (Zimbabwean dollar) as per this website  zimrates . We used the black market rate because DELTA admitted that it nolonger uses the official rate here https://www.thezimbabwemail.com/business/delta-defies-ernst-young-on-exchange-rate/   Revenue: A Flurry of Growth Delta Corporation's re...

Get ready for a thrilling adventure as we dive deep into the world of Simbisa Brands Limited (SIM.VX), the legendary quick-service restaurant group operating in various African countries. But hold on tight, because this won't be your average valuation analysis. We're here to dissect the financials, play with numbers, and have some fun along the way. So buckle up and let's embark on this exhilarating journey to determine the true value of Simbisa's stock!   Balance Sheet Overview: Where the Numbers Dance Picture this: Simbisa's balance sheet as of December 31, 2022, is like a flamboyant dance floor. Total assets, worth a staggering $179.7 million, twirl around with a 21% increase since June 30, 2022. Meanwhile, total liabilities boogie up by 20% to $84.9 million, and total equity sashays to a magnificent $94.7 million with a 21% rise. It's a financial dance party, and Simbisa is leading the way!   Income Statement Highlights: A Symphony of Growth Cue ...