HARARE, July 31 (The Source) – Alarmed Southern African Development Community (SADC) and the Food and Agricultural Organisation (FAO) officials are set to meet from Wednesday following an outbreak of the highly contagious bird flu in key markets of South Africa and Zimbabwe.
By Simbarashe Zishiri, HARARE, July 31 (The Source) – The Zimbabwe Stock Exchange is struggling to bring order to the bourse after gloves came off in the fight for control of agro-industrial group, CFI Holdings pitting British tycoon Nicholas Van Hoogstraten’s Messina Investments and Zimre’s… Read More
HARARE, July 28 (The Source) – The fight for the control of agro-industrial group, CFI Holdings took a new twist on Friday with the Zimbabwe Stock Exchange (ZSE) saying it was not informed that Messina Investments had passed the 35 percent shareholding threshold which compels… Read More
HARARE, July 27 (The Source) – British tycoon, Nicholas Van Hoogstraten on Thursday made a counteroffer to CFI minorities, at 46 cents per share more than double the offer by Stalap as the two rivals intensify their battle for control of the agro-industrial group.Zimre Holdings… Read More
By Simbarashe Zishiri, HARARE, July 21 (The Source) – Agro-industrial group CFI Holdings on Thursday traded at 31,05 cents, 41 percent above Stalap’s minority offer price of 22 cents, raising the possibility of a bidding war among shareholders defending their interests in the agro-industrial group.… Read More
HARARE, July 20 (The Source) – Agro industrial group Zimplow has posted $263,000 profit after tax for the six months to June from a $2 million loss in the comparable period last year.
HARARE, July 20 (The Source) – Beverage giant Delta Corporation on Thursday reported a two percent increase in revenue for the first quarter to June 30 relative to the comparable period last year driven by volume growth in most segments.
HARARE, July 13 (The Source) – Anyone who has worked in the tobacco industry will testify that buying and selling the golden leaf is a notoriously painstaking exercise where every bit of leaf that goes through the auction system is checked and re-checked, mostly for… Read More
HARARE, July 12 (The Source) – The Oil Expressers Association of Zimbabwe says it has engaged government for a financing facility of $100 million for soya bean production.
HARARE, July 11 (The Source) – Zimbabwe’s small grain production is projected to reach 388,000 tonnes for the 2016/17 season, from 76,000 tonnes previously, an official said on Tuesday.
HARARE, June 30 (The Source) – Starafrica Corporation posted a 75 growth in revenue to $32,6 million for the year ended March 31, driven by improved production at its Goldstar Sugars Harare (GSSH) and profitability at Country Choice Foods (CFC).The company recorded positive earnings before… Read More
VICTORIA Falls, June 30 (The Source) — Zimbabwe will not be exporting beef anytime soon because of regular outbreaks of foot-and-mouth (FMD) disease and government does not have resources to eliminate the disease, according to deputy agriculture minister, Paddy Zhanda. The southern African nation has… Read More
VICTORIA FALLS, June 29 (The Source) -Zimbabwe’s power utility says the country’s farmers are reluctant to pay for electricity and have accrued $180 million in unpaid bills since 2013. Zimbabwe Electricity Supply Authority (ZESA) which has been struggling to recover over $1 billion in unpaid… Read More
HARARE, June 27 (The Source) – Ministry of agriculture says that 37,000 hectares of wheat has been planted against a target of 60,000 hectares, Parliament heard on Tuesday. This represents a 165 percent increase on the 14,000 hectares planted in the 2016/7 season and 10,000… Read More
HARARE, June 23 (The Source) – Agro-industrial group TSL on Friday reported a 163 percent increase in net income to $1,58 million in the six months to April 30, driven by an improved performance by the agro chemicals business and higher grain production.