By Respect Gwenzi, HARARE, February 19 (The Source) – Simbisa Brands, a local quick service restaurant brand with huge regional exposure and a listing on the ZSE, has announced a firm intention to acquire an international restaurant group once shareholders and regulatory approvals are secured.… Read More
HARARE, December 11 (The Source) – The Zimbabwe National Chamber of Commerce (ZNCC) says nearly half of the informal sector players engage in corrupt activities to sustain their businesses, showing the extent of graft in the economy.
HARARE, December 7 (The Source) – Finance Minister Patrick Chinamasa on Thursday presented the first budget under the presidency of Emmerson Mnangagwa, seen as key to Zimbabwe’s economic recovery by restricting thresholds of the controversial Indigenisation Act to platinum and diamonds while re-engaging foreign debtors… Read More
HARARE, December 7 (The Source) – Finance minister, Patrick Chinamasa on Thursday presented the 2018 National Budget in Parliament. Here are some key allocations.
HARARE, December 7 (The Source) – Zimbabwe’s raw milk production increased by 4,8 percent to 5,89 million litres in October, compared to 5,62 million litres recorded in the same period last year, latest figures show. Latest data from the Dairy Services Department shows that retailed… Read More
HARARE, December 7 (The Source) – Welcome to our coverage of Zimbabwe’s first budget presentation in the post-Robert Mugabe era, and it promises to be a humdinger. Its two weeks since Emmerson Mnangagwa was sworn-in as president to complete a remarkable turn of fortunes after… Read More
HARARE, December 4 (The Source) – The Zimbabwe Stock Exchange’s main industrial index dropped 27,82 percent in November to 376,69 points following a politically induced self correction phase, but doubts over the new Cabinet’s ability to deliver has seen a bouncing back of sorts in… Read More
HARARE, November 30 (The Source) – The International Monetary Fund will soon send a staff mission to Zimbabwe to meet with officials of the new government and assess the country’s fiscal and economic situation, Reuters reported on Thursday. Zimbabwe has a new president in Emmerson… Read More
BULAWAYO, November 30 (The Source) — The National Railways of Zimbabwe (NRZ) has refurbished the Nandi-Mkwasine railway line in Chiredzi at a cost of more than $10 million, an official has said. NRZ public relations manager, Nyasha Maravanyika said the European Union (EU) had partly… Read More
HARARE, November 29 (The Source) – The value of transactions processed through the National Payment System (NPS) for the week ending November 17 went up nine percent to $2 billion from $1,8 billion recorded in the previous week driven by an increase in electronic transactions.… Read More
HARARE, November 28 (The Source) – Zimbabwe’s tobacco exports increased by seven percent, earning $827,4 million as at November 22 compared to $771,8 million last year, latest statistics from the industry regulator show.
HARARE, November 28 (The Source) – Zimbabwe’s President Emmerson Mnangagwa has named Patrick Chinamasa acting finance minister until a new cabinet is appointed, the Chief Secretary to the President and Cabinet has said.
By Professor Anthony Hawkins, HARARE, November 24 (The Source) – President Emmerson Mnangagwa’s inaugural address contains something for everyone but it is always much more difficult to implement promises than to make them.
HARARE, November 23 (The Source) – The Old Mutual shares, which are trading at a premium in Zimbabwe relative to their primary listing on London Stock Exchange, lost 19,9 percent on Thursday to close at 475 cents. Since Wednesday last week, the Old Mutual share… Read More
HARARE, November 15 (The Source) – Zimbabwe’s consumer price inflation grew to 2.24 percent year-on-year in October from 0.78 percent in September, the national statistics agency said on Wednesday. Month-to-month the inflation rose by 1.54 percent in October from 0.38 percent previously, Zimstats said.