Govt seeks partner for SME bank

HARARE, October 17 (The Source) – The government is seeking a partner for a bank to fund the informal sector and small to medium businesses which it plans to launch early next year, a minister said on Thursday. “Preparations to launch the bank are at… Read More

Pelhams forecasts first half loss

HARARE, September 19 (The Source) – Pelhams Limited is expecting to post a loss in first half to September due to tight liquidity and subdued consumer spending. Addressing shareholders on Thursday, the company’s chief executive Middleton Chikowore said management anticipated the business to return to… Read More

Kaukonde sells off Spar to Innscor

HARARE, Sep 11 (The Source) – Businessman Ray Kaukonde has disposed of his Spar Western region licence and his two flagship stores Brooke and Joina Spar to Innscor, sources familiar with the deal told The Source. Kaukonde in 2011 took over control of the Western… 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