Unki Q2 production up 10 pct to 19,5oz

HARARE, July 20 (The Source) – Platinum production at Unki Mine for the second quarter to June 30 rose 10 percent to 19,500 ounces compared to 17,800 ounces in the same period last year largely on improved efficiencies at the mine.

ZSE top performing bourse in the region

HARARE, July 20 (The Source) – The Zimbabwe Stock Exchange (ZSE) has outperformed its regional bourses in the year to date as locals sought to cover in equities from a currency crisis, with both the industrial and mining index advancing 100,54 percent and 179,13 percent… Read More

Chrome miners cry foul over poor prices

HARARE, July 19 (The Source) – Small-scale miners have raised concerns over poor chrome prices offered by state-owned, entities Minerals Marketing Corporation of Zimbabwe (MMCZ) and Applebridge, which they say are not in line with international market prices.

Confronting Africa’s water challenge

By Akinwumi Adesina – Water is essential for life, and yet it is scarce in many parts of the world. Owing to the effects of climate change, Africa is experiencing its worst drought since 1945, especially in Southern Sudan, Somalia, Ethiopia, and Northern Nigeria.

Zim trade deficit at $1bln in 5 months 

BULAWAYO, July 4 (The Source) — Zimbabwe’s trade deficit stood at $1,01 billion in the first five months of the year, a slight improvement from $1,12 billion last year, according to the latest data from the Zimbabwe National Statistics Agency (Zimstat). Imports stood at $2,14… Read More

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

Zimbabwe takes investment drive to SA

HARARE, June 21 (The Source) – Zimbabwe takes its hunt for foreign direct investment (FDI) to South Africa, and will host an ease of doing business conference in the neighbouring country later this week, organisers have said.

Africa’s race against the machines

By Brahima Coulibaly , Washington D.C. – By some estimates, automation threatens over half of all jobs in OECD countries. And now that the employment challenge is coming into focus, the scramble for solutions has begun. For example, Bill Gates has called for a tax… Read More

Brainworks JSE IPO seeks to raise $25mln

HARARE, June 13  (The Source) –  Zimbabwean investment group, Brainworks Capital says it plans to list on the Johannesburg Stock Exchange (JSE) later this year, with an Initial Public Offer (IPO) that seeks to raise about $25 million set for next month. The Mauritius-domiciled Brainworks… Read More

Africa’s stake in Brexit

By Carlos Lopes, OXFORD – As Britain focuses on what its relationship with the European Union might look like once it leaves the bloc, sometime during 2019, the rest of the world is already girding for the post-Brexit era. For many African countries in particular,… Read More