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.
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
MUTARE, July 4 (The Source) – Mutare Bottling Company (MBC) says its revenue declined by 20 percent while sales volumes slumped by 17 percent in the period between 2014 and 2016, as cheap imports from Mozambique flooded the eastern region, its catchment area. MBC, which… 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 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.
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
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 16 (The Source) – Tendai Biti, opposition doyen, top lawyer and former Finance Minister, and Kudzai Chipanga, a Zanu PF rabble rouser who believes his leader is an angel of God, have more in common than they would ever admit. Last week, it… Read More
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
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
HARARE, June 9 (The Source) – Zimbabwe’s largest seed producer SeedCo is seeking shareholder approval to partially unbundle and list its external operations on a regional stock exchange to raise capital for expansion, a day after reporting a net income of $20,7 million for the… Read More
HARARE, June 9 (The Source) – South Africa has suspended trade in birds and chicken products from Zimbabwe after an outbreak of the highly contagious bird flu at a commercial poultry farm near Harare. This follows similar moves by Botswana and Mozambique this week. Zimbabwe… Read More
By Wolfgang Schäuble, BERLIN, Africa’s enormous economic potential is not news. But, until now, policymakers around the world have not successfully defined the political and economic steps that must be taken to enable Africa to realize this potential fully. That is why the German G20… Read More
BULAWAYO, June 8 (The Source) – Regional cement producer Pretoria Portland Cement (PPC) says volumes at its Zimbabwe operation dropped three percent in the full year to March 31, as cash shortages persist. Prices suffered in US dollar terms, falling 10 percent during the year.… Read More