Cafca reports $327k HY profit

HARARE, May 18 (The Source) –  Cable manufacturer CAFCA has reported a 41 percent increase in profit before tax to $327,000 for the six months to March, largely as a result of reducing costs and savings on interest from borrowings. Revenue remained flat at $9,3… Read More

Telecel Zimbabwe seeks $200mln reboot

HARARE, May 18 (The Source) – Zimbabwe’s smallest mobile network operator, Telecel  is in discussions with investors over a $200 million loan seen as crucial to reviving its operations. Telecel has 1,8 million active subscribers out of its 4,6 million total customers according to the… Read More

Troubled Air Zimbabwe barred from Europe

HARARE, May 16 (The Source) – Air Zimbabwe has been added to a list of airlines barred from entering Europe after failing to address safety deficiencies picked up during European Aviation Safety Agency (EASA) operator audits, the European Commission announced on Tuesday. The European Commission’s… Read More

Why Africa should go cashless

By Carl Manlan, India has lately been pursuing an ambitious goal: a cashless economy. Despite early missteps and frustrations, it will turn out to be a change for the better for the country’s 1.31 billion people. Africa should set a similar goal – and take… Read More