Axia says PAT flat in Q1

HARARE, November 29 (The Source) – Axia Corporation says net profit for its first quarter as a standalone company  is flat on same level as last year while overall group revenue increased 12 percent. Axia, the logistics, distribution and retail unit was unbundled in May… Read More

NRZ buys $3mln wagons from China

HARARE, October 21 (The Source) – Struggling National Railways of Zimbabwe has purchased 31 wagons worth $2,9 million from China to replace part of its ageing fleet, transport secretary Munesu Munodawafa said on Friday. NRZ, the country’s sole railway services operator, has failed to run… Read More

Mugabe’s son-in-law gets top AirZim job

By Kuda Chideme, HARARE, October 4 (The Source) – Air Zimbabwe has appointed President Robert Mugabe’s son- in-law, Simba Chikore, as its chief operating officer, making him the second in command at the struggling national airline. Air Zimbabwe chairperson Chipo Dyanda on Tuesday confirmed Chikore’s… Read More