By Atukwei Okai, ACCRA – As the school year began this September, there was welcome news for Ghana’s nearly half-million students entering high school: President Nana Akufo-Addo had fulfilled his campaign promise of free secondary education for children nationwide. He swore not only to do… Read More
HARARE, October 15 (The Source) – Local investors reacted to a Cabinet reshuffle in the week by piling onto the stock market, leading to the mainstream index hitting another record setting level of 505,32 on Friday.As President Robert Mugabe has shown time and again, he… Read More
By Almot Maqolo, HARARE, October 13 (The Source) – Zimbabwe’s tax agency says it expects to surpass the $3,7 billion revenue target by at least 15 percent, as it ups collection efforts.
HARARE, October 13 (The Source) – Malawi-based First Merchant Bank ( FMB) has received regulatory approvals to acquire an effective 42,7 percent shareholding in Barclays Bank Zimbabwe, completing its takeover of the bank.
By Respect Gwenzi, HARARE, October 13 (The Source) – Predictions by renowned world economic bodies and the government point towards economic recovery in Zimbabwe at least over the next 3 years. Underlying this foreseen recovery is a projected sustained favourable rainfall pattern which is expected… Read More
By Brahima S. Coulibaly, WASHINGTON, DC – Between 2000 and 2014, Africa grew at a strong clip, fueling belief in the narrative of an “Africa rising.” But, since 2015, growth across Sub-Saharan Africa has weakened, and the poor outlook for commodity prices has cast doubt… Read More
HARARE, October 13 (The Source) – Listed beverages manufacturer Delta Corporation, (Delta), says it is set to acquire a controlling stake in Lusaka Stock Exchange-listed sorghum beer company, National Breweries Plc (NatBrew), from its parent firm, Anheuser-Busch InBev SA/NV (AB InBev).Company secretary Alex Makamure said… Read More
HARARE, October 12 (The Source) – The Zimbabwe Stock Exchange market capitalisation on Thursday reached $14,01 billion with market turnover amounting to $30,4 million, the highest daily turnover since 2014.
By Yeukai Musara, HARARE,October 12 (The Source) – Zimre Holdings Limited (ZHL) has called off plans to sell off its shareholding in insurance firms in NicozDiamond and Fidelity Life Assurance, citing increased uncertainty in Zimbabwe’s financial system.
HARARE, October 11 (The Source) – The stock market bull run accelerated on Wednesday, with the main industrial index gaining 3,95 percent to 487,14 points while the mining index added 1,73 percent to 137,52 points.
HARARE, October 11 (The Source) – Econet Wireless Zimbabwe’s mobile money platform, EcoCash on Wednesday suspended the use of its debit card to pay for international transactions, as the country’s foreign currency shortage intensifies. Local financial institutions have been finding it hard to meet foreign… Read More
HARARE, October 10 (The Source) – On September 27, a panicky Patrick Chinamasa, then finance minister, threatened to tighten government controls on social media, blaming it for fuelling shortages of basic commodities and bank notes in the country after a weekend of panic buying.
HARARE, October 10 (The Source) – President Robert Mugabe on Monday made changes to his cabinet replacing Finance Minister Patrick Chinamasa with Home Affairs Minister Ignatius Chombo.
HARARE, October 10 (The Source) – President Mugabe has always hated it when Finance Ministers had minds of their own. In Ignatius Chombo, Mugabe has his yes-man.
HARARE, October 9 (The Source) – Zimbabwe’s President Robert Mugabe has replaced Finance Minister Patrick Chinamasa with Home Affairs Minister Ignatius Chombo in a cabinet reshuffle, the government said in a statement late on Monday. Mugabe also moved Tourism minister Walter Mzembi to Foreign Affairs… Read More