Unki Q1 platinum output up

HARARE, April 24 (The Source) – World platinum top producer Anglo American Platinum (Amplats) says production at its Zimbabwe unit near Shurugwi went up 2 percent to 18,900 ounces in the quarter to March compared to the same period last year. Unki’s output on a… Read More

A big bond for Africa

By Ngozi Okonjo-Iweala  and  Nancy Birdsall – The countries of Sub-Saharan Africa have reached a critical juncture. Strained by a collapse in commodity prices and China’s economic slowdown, the region’s growth slipped to 3.4% in 2015 – nearly 50% lower than the average rate over… Read More

Powering Africa’s Transformation

By Carlos Lopes,  Aliko Dangote and Tony Elumelu – Africa has a bright future ahead of it. Productivity and growth will improve as African economies continue to place more emphasis on services and manufacturing, pursue commodity production, and achieve quick gains in agriculture and light… Read More

ZITF laments low foreign participation

BULAWAYO, April 10 (The Source) – Only seven percent of exhibitors booked for this year’s edition of the Zimbabwe International Trade Fair (ZITF) are foreign, organisers said, indicating continuing disregard of the country’s investment potential. Zimbabwe’s poor business climate has seen it lag regional rivals… Read More

Stanbic profit falls 11pct to $21mln

HARARE, March 30 (The Source) – Stanbic Bank Zimbabwe reported a 11 percent drop in profit after tax from $23,9 million to $21,2 million in the full year to December 2016, as cash transactions decline and foreign currency shortages persist.   Net interest income was… Read More