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 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, September 29 (The Source) – Transport and logistics group, Unifreight reported a profit from continuing operations of $565,000 during the half year period to June 30 compared to a loss of $71,000 same period in 2016.
BULAWAYO, July 24 (The Source) — Struggling state-owned National Railways of Zimbabwe (NRZ) plans to borrow $10 million from local banks to finance the overhaul of 10 locomotives this year, an official has said.
HARARE, July 14 (The Source) – Struggling state-owned National Railways of Zimbabwe (NRZ) only has 60 operational locomotives, some as old as 50 years and owes its workers $90 million in unpaid salaries, according to a Parliamentary Portfolio Committee report. NRZ has a fleet of… Read More
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
HARARE, June 28 (The Source) – Logistics group, Unifreight says its outlook is ‘extremely favourable’ after cost cutting measures resulted in savings of $5 million annually.
VICTORIA FALLS, June 20 (The Source) – South Africa’s privately owned Airlink will launch its maiden direct flight between Johannesburg and Victoria Falls on July 2, aviation officials said on Tuesday. It will be the third airline flying into Victoria Falls following the $150 million… Read More
HARARE, June 20 (The Source) – Low cost carrier, Fastjet says it will increase the number of flights on its Harare-Johannesburg route to three per day from July 1 in response to high demand. Fastjet, which has been operating a single flight per day on… Read More
HARARE, June 1 (The Source) – The United States of America’s Embassy in Zimbabwe has banned its personnel from flying state-owned Air Zimbabwe after the airline was barred from entering Europe for failing to address safety deficiencies picked up during European Aviation Safety Agency (EASA)… Read More
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
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
HARARE, April 20 (The Source) – One of Africa’s largest airlines, Kenya Airways, has brought forward the launch of its maiden flight into Victoria Falls to May 1, joining some of the biggest carriers on the continent landing in the resort town. Kenya Airways had… Read More
HARARE, April 10 (The Source) – Low cost carrier, Fastjet said on Monday it had increased frequencies on its Harare and Victoria Falls route. The carrier is offering prices of $38 one way, inclusive of tax on the route but on its website, prices are… Read More
HARARE, April 5 (The Source) – Unifreight reported a net profit of $1,7 million for the year ended December 2016 from a net loss of $4,2 million in the preceding year after restructuring its business model and an aggressive cost cutting exercise that saved over… Read More