The Markets Ledger

African central banks join gold buying wave

African central banks are gradually aligning with a global shift toward gold-backed reserves, as total central bank purchases reached 27 tonnes in February 2026, valued at about $2billion depending on prevailing prices.

ART raises US$1m from assets disposal

The group – disposing machinery and underutilized property related to the Kadoma Maper Mills, and underutilized land and properties in Mutare and Harare – is currently rationalising its portfolio by exiting underperforming and non-strategic units in favour of segments with stronger prospects.