Mining sector growth to decline

HARARE, July 30 (The Source) – The mining sector, one of the key drivers of the country’s economy is set to grow by 5.3 percent this year down from 17 percent weighed down by falling international prices, high production costs and lack of capital. “Developments… Read More

Lobels acquires equipment worth $5,8mln

HARARE, 30 July, 2013 (The Source) – One of the country’s biggest bakeries, Lobels Bread Holdings, has acquired equipment worth $5.8 million  to boost production as the company grapples with a $19 million debt that forced its closure two years ago. Lobels chairman, Casper Chibanga… Read More

Timber exports gross $21 million

HARARE, July 24, 2013 (The Source) – Zimbabwe earned $21 million from timber export for the year ended December 31, 2012 doubling last year’s earnings, according to the Timber Producers Federation (TPF) of Zimbabwe. The timber exported included sawn and processed timber, treated poles, particle… Read More