HARARE, December 5 (The Source) – CFI Holdings acting executive Timothy Nyika has thrown in the towel as the fight for control of the agroindustrial group between major shareholders intensifies.
HARARE, December 1 (The Source) – More than 100,000 farmers have registered to grow tobacco in the 2017/18 season, a 36 percent increase from 73,492 in the previous season, statistics from the industry regulator have shown.
HARARE, December 4 (The Source) – Zimbabwe’s alternative trading platform, Financial Securities Exchange (Finsec) recorded a total turnover of $1,2 million in November, the highest since its inception, as investors seeking diversification embrace the platform. On Wednesday, Infrastructure Development Bank of Zimbabwe (IDBZ) became the… 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, December 1 (The Source) – Zimbabwe’s biggest gold producer, Metallon Gold has sold off its Arcturus mine to Tawanda Nyambirai’s investment company,TN Securities at an undisclosed price.
HARARE, December 1 (The Source) – Micro-financier, Untu plans to issue medium term notes of up to $5 million on the alternative trading platform (ATP), Financial Securities Exchange (Finsec), the company said in a pre-listing statement on Friday.
HARARE, November 30 (The Source) – The Zimbabwe Stock Exchange advanced 1,51 percent on Thursday to close at 376,69 points while the mining index added 0,12 percent to settle at 126,86 points. The country’s new President Emmerson Mnangagwa has promised to revive the country’s ailing… 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 30 (The Source) – Clothing retail chain, Truworths said it recorded double digit revenue growth across its business in the four months to November 4 on strong demand and expects a profitable half year.
HARARE, November 30 (The Source) – Sugar processor Star Africa Corporation’s narrowed its loss after tax by 60 percent in the half year period to September 30, from $3,3 million last year to $1,3 million on the back of improved efficiencies, sales and cost containment… Read More
HARARE, November 29 (The Source) – The Zimbabwe Stock Exchange mainstream index added 5,44 percent to close at 371,09 points on Wednesday, attributable to gains by some heavyweights. The mining index added 0,06 percent to settle at 126,71 points. Market capitalisation stood at $10,6 billion… Read More
HARARE, November 29 (The Source) – Zimbabwe’s infrastructure bank on Wednesday listed two bond facilities worth $65 million on the Finsec alternative trading platform, as it seeks to raise funds to finance its energy projects.
HARARE, November 29 (The Source) – Microﬁnance bank, Getbucks reported a 66 percent growth in profit after tax to $1,1 in the first quarter to September 30, driven by soaring revenue.
HARARE, November 29 (The Source) -Specialty retail and distribution group Axia Corporation says operating profit during the first quarter to September 30 nearly doubled on prior period, setting the group up for positive earnings in the half-year.
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.