TSL profit up 163pct in H1

HARARE, June 23 (The Source) – Agro-industrial group TSL on Friday reported a 163 percent increase in net income to $1,58 million in the six months to April 30, driven by an improved performance by the agro chemicals business and higher grain production.

Zimbabwe expects 2,5mln carat diamonds in 2017

HARARE, June 22 (The Source) – Zimbabwe expects to produce 2,5 million carats of diamonds this year after acquiring equipment for its state-owned Zimbabwe Consolidated Diamond Company but legal challenges remain over its move to nationalise diamonds fields in the east of the country. President… Read More

Zimpapers 2017 capex at $3,8mln

HARARE, June 22 (The Source) – Zimbabwe’s largest media group,Zimpapers, says that it has budgeted capital expenditure of $3,8 million for 2017 and has so far spent $780,000 on equipment and property development.

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.