Six foreign investors bid to revive NRZ 

By Kuda Chideme, HARARE, July 4 (The Source) – Six private investors, including SMH Rail Malaysia and South Africa’s Transnet on Tuesday submitted bid documents for a $400 million tender to recapitalize Zimbabwe’s struggling rail company. National Railways of Zimbabwe (NRZ), the country’s sole railway… Read More

Wilderness Safaris to bid for Air Botswana

May 29 (Reuters) – Regional tourism company, Wilderness Safaris, plans to make a bid for Air Botswana, the country’s loss-making national airline which the government wants to privatise. Botswana put the airline up for sale in February, part of plans to privatise loss-making state-owned companies.… 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

Axia HY profit down 16pct

HARARE, March 9 (The Source) – Axia Corporation’s after tax profit in the half-year period to December 31, 2016, dropped 16 percent to $7,8 million compared to $9,4 million in 2015, largely on increased operational costs. Revenue at $119 million was 14 percent up on… Read More