Zimbabwe gets $430 million from UN

HARARE, November 26 (The Source) –  Zimbabwe will this year receive $430 million from United Nations agencies in development assistance, ranking it among the largest aid recipients in Africa, UN official said on Tuesday. The southern African country has been under Western imposed sanctions for… Read More

Gains in heavyweights boost ZSE

HARARE, November 26 (The Source) – The market recovered from two straight losses with the main industrial index gaining 0.60 points to 217.59 points after positive trades among some heavyweight counters, Delta, BAT and Seed Co. Cigarette maker BAT piled on 30 cents to 1… Read More

Gweru City Council in the red

GWERU, November 25 (The Source) – Gweru City Council, which runs one of the four largest municipalities in the country, has incurred an $8 million deficit in the just ended financial year, mainly due to a government edict to cancel ratepayer debt, an official said… Read More

Losses in Econet drag ZSE lower

HARARE, November 25 (The Source) – Losses in technology stock Econet Wireless, which recorded the biggest slump on Monday,  dragged the industrial index 0.08 points lower at the week’s open to close at 216.93 points. Econet lost 0.50 cents to close at 62 cents.  OK… Read More

Astra to make offer to minorities

HARARE, November 22 (The Source) – Astra Industries will make a mandatory offer to minorities by July next year following the acquisition of the company’s majority shares by Kansai Plascon Africa Limited earlier this year, the company has said. Kansai Plascon Africa holds 38.25 percent… Read More

Delta lager woes hit Zimglass hard

GWERU, November 21 (The Source) – Falling demand for bottled beer has hit hard glass manufacturing firm, Zimbabwe Glass Industries (Zimglass) after its main customer Delta reduced orders for bottles, an official has said. Delta last week reported depressed lager sales, 10 percent lower in… Read More