Negative sentiment persists on ZSE

HARARE, August 8 (The Source) – The stock market remained in the red on Thursday as negative sentiment persisted with relations between President Robert Mugabe and the West continuing to deteriorate following his election victory last week. Addressing his ZANU-PF party’s Politburo on Wednesday, President… Read More

Online trading platform launches

By Alfonce Mbizwo, HARARE, August 8 (The Source) – A local ICT start-up on Thursday launched an online platform to connect businesses across the African continent and unlock investment opportunities. Esaja.com aims to bring small and medium scale enterprises (SMEs) and large businesses on the… Read More

RioZim posts $2.3 million loss

By Chipo Musoko, HARARE, August 7 (The Source) – Zimbabwe Stock Exchange-listed mining concern, RioZim has posted a $2.3 million loss for the half-year ended 30 June 2013, an improvement on the $4.9 million loss recorded last year on the back of high interest costs… Read More

Telecel licence renewed

HARARE, August 6 (The Source) – The Postal and Telecommunications Regulatory Authority of Zimbabwe (Potraz) on Tuesday renewed the licence of Telecel Zimbabwe after the mobile operator committed to meeting indigenisation requirements. The licencing also ends a bitter feud with rival Econet Wireless which had… Read More

Lobels acquires equipment worth $5,8mln

HARARE, 30 July, 2013 (The Source) – One of the country’s biggest bakeries, Lobels Bread Holdings, has acquired equipment worth $5.8 million  to boost production as the company grapples with a $19 million debt that forced its closure two years ago. Lobels chairman, Casper Chibanga… Read More