Zim inflation slides to 0.09 pct – Zimstat

HARARE, October 14 (The Source) – Zimbabwe’s annual inflation rate shed 0.06 percentage points to 0.09 percent in September compared to 0.15  percent recorded in August, as deflationary pressures persist, the national statistics agency said on Tuesday. Month-on-month inflation rate stood at -0.01 percent after… Read More

Telecel licence renewed

HARARE, August 6 (The Source) – The Postal and Telecommunications Regulatory Authority of Zimbabwe (Potraz) on Tuesday renewed the licence of Telecel Zimbabwe after the mobile operator committed to meeting indigenisation requirements. The licencing also ends a bitter feud with rival Econet Wireless which had… Read More

Fuel price hike reports false: ZERA

By Happiness Zengeni, HARARE, Aug 5 (The Source) – The Zimbabwe Energy Regulatory Authority has refuted media reports of an increase in fuel prices only days after ZANU-PF clinched a brawny victory in the recently held elections. Newsday this morning reported a fuel price hike… Read More

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