HARARE, February 15 (The Source) – ZB Financial Holdings on Thursday reported a 36 percent rise in net income to $15,51 million for the full year to December, 2017 from $11,43 million in the previous year on increased income.
HARARE, February 15 (The Source) – Zimbabwe’s President Emmerson Mnangagwa led tributes to late opposition leader Morgan Tsvangirai on Thursday, describing the long-time rival of recently ousted president Robert Mugabe as a dedicated defender of democracy.
HARARE, February 15 (The Source) – Hotelier Rainbow Tourism Group (RTG) on Thursday launched the tourism industry first integrated mobile and internet application in a bid to promote domestic tourism by improving accessibility.
HARARE, February 15 (The Source) – Zimbabwe’s annualised consumer price inflation grew to 3.52 percent in January after gaining 0.06 percentage points on the December, 2017 rate of 3.46 percent, the statistics agency Zimstat reported on Thursday.
HARARE, February 14 (The Source) – Quick service restaurant operator Simbisa Brands says its seeking regulatory and shareholder approvals for dual listing, with the secondary listing on the London Stock Exchange Alternative Investment Market and the acquisition of United Arab Emirates-based fast food group, Foodfund.
By Mukasiri Sibanda, February 13 (The Source) – RBZ’s export incentives from 05 May 2016 to 31 December 2017 sterilised mineral royalty revenue by a discounting factor of nearly 86%. This obviously hurts the government’s desire to create fiscal space, when revenue generation is constricted… Read More
HARARE, February 13 (The Source) – The Zimbabwe National Roads Authority (Zinara) has budgeted $140,7 million for repairing and maintaining roads in the country this year, a Parliament portfolio committee heard on Tuesday.
HARARE, February 13 (The Source) – Zimbabwe Stock Exchange extended losses on Tuesday, shedding 0,15 percent to close at 89,5 points on Tuesday weighed down by BAT and Econet.
HARARE, February 12 (The Source) – The drama around the ownership of controversial firm Intratrek, which the government of Zimbabwe awarded energy contracts worth over $600 million, played out in Parliament on Monday with the managing director Wicknell Chivayo and company lawyer Bruce Tokwe in… Read More
HARARE, February 12 (The Source) – Zimbabwe’s stock market continued its slow decline on Monday, shedding off 0,467 percent to close at 89,63 points on losses by Delta and Old Mutual.
By Tony Hawkins, HARARE, February 12 (The Source) – The monetary policy statement (MPS) predicated on the fiction that the local bond note currency is worth the same as the international dollar must be interpreted with due circumspection, if not outright cynicism.
HARARE, February 9 (The Source) – The Zimbabwe government still owes Dutch-based firm VEON (formerly Vimpelcom) $18 million for the purchase of its 60 percent stake in Telecel Zimbabwe because it is unable to raise foreign currency, a cabinet minister has said.
HARARE, February 8 (The Source) – Zimbabwe’s stocks backpedalled on Thursday, but foreign buyers splashed $3 million the day after the central bank said it would allocate more money to a fund allowing offshore investors to take out their earnings.
HARARE, February 8 (The Source) – Zimbabwe’s largest ferrochrome miner, Zimasco on Thursday announced that it had come out of judicial management after nearly two years.
HARARE, February 8 (The Source) – Australian listed junior miner Prospect Resources says it will start exploration of rare earth elements (REEs) at its Chishanya carbonatite project in Dorowa, in eastern Zimbabwe.