HARARE, September 8 (Reuters) – President Robert Mugabe said on Friday that Zimbabwe’s economy, hobbled by foreign currency shortages and a widening budget deficit, was slowly rebounding and would be driven by mining and agriculture. Without giving details, Mugabe told a meeting of the ruling… Read More
HARARE, September 8 (The Source) – Zimbabwe’s business leaders on Thursday met with President Robert Mugabe for the first time in 10 years to discuss the deteriorating economic situation in the country. But executives from the mining, manufacturing, banking and farming sectors and representatives of… Read More
HARARE, September 8 (The Source) – Regional cement maker Pretoria Portland Cement (PPC) says the partial offer by Fairfax Africa Investments Proprietary Limited to acquire R2 billion of the company’s issued ordinary shares at an offer price of R5.75 per share undervalues the company and… Read More
HARARE, September 8 (The Source) – Zimbabwe’s business leaders have told President Robert Mugabe that the country is in need of “comprehensive reforms” to attract investment, end cash shortages and stave off rising inflation but stopped short of telling the aging leader that the country… Read More
HARARE, September 7 (The Source) – President Robert Mugabe on Thursday said he had lost the battle to appoint Industrial Development Corporation boss Mike Ndudzo as the Auditor General after his nomination was rejected by lawmakers. On July 27, Members of Parliament across the political… Read More
BULAWAYO, September 7 (The Source) — Fixed telecoms operator, TelOne, says its legacy debt has grown to $374 million, putting off potential partners and attracting higher cost of borrowings.
HARARE, September 7 (The Source) – Microfinance institutions say the move by the central bank to curb interest charges on lendings has hit their operations hard, with the majority of MFIs struggling due to the high cost of money. In March this year, the Reserve… Read More
HARARE, September 7 (The Source) – The government of Botswana says it has donated 473,200 doses of foot and mouth disease (FMD) vaccine to Zimbabwe to help contain the outbreak to stop it from spreading across the borders.
HARARE, September 6 (The Source) – Zimbabwe’s foreign currency receipts rose 6,6 percent to $3,2 billion in the eight months to August from $3 billion in the comparable period last year, buoyed by mineral earnings, according to central bank governor, John Mangudya.
HARARE, September 6 (The Source) – Zimbabwe’s platinum production during the second quarter of 2017 fell 13 percent to 105,000 ounces year-on-year, but dropped 9 percent compared to the previous quarter.
HARARE, September 6 (The Source) – The Zimbabwe Stock Exchange (ZSE) industrial index on Wednesday advanced 4,72 percent to 262,91 points on gains recorded by some heavyweights.
HARARE, September 6 (The Source) – Zimbabwe’s largest gold producer, Metallon has made its four mines stand alone operations in a restructuring exercise it says will increase efficiencies.
HARARE, September 5 (The Source) – Zimbabwe’s retailers have warned of possible food shortages as it becomes increasingly difficult for the country to process foreign payments to raw material suppliers outside country, with the backlog estimated at $180 million.
HARARE, September 5 (The Source) – The Zimbabwe Stock Exchange (ZSE) industrial index on Tuesday advanced 3,02 percent to 251,07 points while the mining index gained 5,19 percent to 77,89 points. The local bourse recorded a total market turnover of $1,74 million in the day.Ariston… Read More
HARARE, September 5 (The Source) – Zimbabwe’s tax agency on Tuesday said it surpassed its August revenue target of $267. 66 million by 15 percent due to automation and an anti-corruption drive.