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

Vic Falls hotel occupancy up 8 percent

VICTORIA FALLS, March 7 (The Source) – Victoria Falls’ hospitality industry is set for improved fortunes after recording an eight percent increase in hotel occupancy during the first two months of 2017. Ross Kennedy, chief executive officer of one of Zimbabwe’s largest leisure groups Africa… Read More

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