ZSE sprints past 500-point mark

HARARE, October 15 (The Source) – Local investors reacted to a Cabinet reshuffle in the week by piling onto the stock market, leading to the mainstream index hitting another record setting level of 505,32 on Friday.As President Robert Mugabe has shown time and again, he… Read More

Delta buys Zambia’s National Breweries

HARARE, October 13 (The Source) – Listed beverages manufacturer Delta Corporation, (Delta), says it is set to acquire a controlling stake in Lusaka Stock Exchange-listed sorghum beer company, National Breweries Plc (NatBrew), from its parent firm, Anheuser-Busch InBev SA/NV (AB InBev).Company secretary Alex Makamure said… Read More

Ecocash suspends International payments

HARARE, October 11 (The Source) – Econet Wireless Zimbabwe’s mobile money platform, EcoCash on Wednesday suspended the use of its debit card to pay for international transactions, as the country’s foreign currency shortage intensifies. Local financial institutions have been finding it hard to meet foreign… Read More

Raw milk production up in September

BULAWAYO, October 11 (The Source) — Zimbabwe’s raw milk production increased by nearly three percent to 5,72 million litres in September, compared to 5,58 million litres achieved in the same period last year, latest figures show. According to figures from the Ministry of Agriculture’s dairy… Read More

14K SMEs register with ZIMRA

HARARE, October 11 (The Source)- Zimbabwe’s tax agency has this year registered 14,000 small to medium enterprises (SMEs) with the small businesses contributing about 25 percent to the fiscus, an official said on Wednesday. SMEs minister, Sthembiso Nyoni told a press conference on Wednesday that… Read More

Securing land rights in Africa

  By Frank Pichel, Washington DC – Earlier this month, Liberian President and Nobel Peace Prize laureate Ellen Johnson Sirleaf warned that Africa would continue to be stalked by poverty, hunger, and famine until governments provide smallholder farmers with secure rights to land. She was… Read More