HARARE August 16 (The Source) – Zimbabwe’s tobacco sales are down 7.3 percent to 185,6 million killogrammes after heavy rains affected output, figures from the industry regulator have shown.
By Graça Machel, JOHANNESBURG – Julius Nyerere, the founding president of Tanzania, once said that “unity” will not make Africa rich, but “it can make it difficult for Africa and the African peoples to be disregarded and humiliated.”
HARARE, August 14 (The Source) – Coal miner, Hwange Colliery Company (HCC) on Monday said it would resume underground mining operations during the last quarter of 2017 following delivery of new equipment at the weekend.
HARARE, August 12 (The Source) – The Zimbabwe Stock Exchange’s main industrial index advanced 1,7 percent to close the week at 210.61 points after several heavyweight counters recorded gains.
By Mohamed Yahya, ADDIS ABABA – Africa has the youngest population in the world, and it’s growing fast. By 2055, the continent’s youth population (aged 15-24), is expected to be more than double the 2015 total of 226 million. Yet the continent remains stubbornly inhospitable… Read More
HARARE, August 9 (The Source) – Zimbabwe government’s expansion of its bond note programme could lead to a notable increase in inflation and will dim prospects for any economic recovery in 2017, according to research firm, BMI.
HARARE, August 9 (The Source) – African Sun Limited overturned a half year 2016 loss position of $560,000 to a net profit of $190,000 in 2017 largely driven by the growth in revenue and cost management initiatives.
BULAWAYO, August 9 (The Source) — Zimbabwean abattoirs have successfully lobbied government to scrap a levy on raw skin and hide exports till the local leather industry has recovered, according to a confidential industry report.
HARARE, August 3 (The Source) – Presenting his latest monetary policy statement on Wednesday, central bank governor John Mangudya looked like a runner who had just done the Gutu Half Marathon in mid-October.
HARARE, August 2 (The Source) – Zimbabwe’s central bank says it will print additional bond notes worth $300 million in an effort to ease biting cash shortages, stoking fears that the country could return to the era of money printing and hyperinflation.
HARARE, August 2 (The Source) – Zimplats reported an 11 percent increase in revenue to $143,5 million in the quarter to June from $128,9 million in the same quarter last year, driven by a 6 percent increase in platinum group metals (4E) sales volumes.
HARARE, August 1 (The Source) – The High Court of Zimbabwe on Tuesday ordered the state-owned Zimbabwe Consolidated Diamond Company (ZCDC) to stop diamond mining activities in Chiadzwa with immediate effect until it has been granted an Environmental Impact Assessment (EIA) certificate.
HARARE, August 1 (The Source) – Deposit taking microﬁnance institution, GetBucks says its $15 million Medium Term Note will now be placed privately by way of a tap issue following slow uptake of the initial offer which opened in May.
HARARE, July 31 (The Source) – The funeral assurance industry’s after tax profit for the first quarter to March increased 56 percent to $2.5 million compared to $1.63 million in the same quarter last year, largely on the back of a drop in claims and… Read More
HARARE, July 26 (The Source) – President Robert Mugabe has appointed Mike Ndudzo to replace Mildred Chiri as Auditor-General.