HARARE, February 12 (The Source) – The drama around the ownership of controversial firm Intratrek, which the government of Zimbabwe awarded energy contracts worth over $600 million, played out in Parliament on Monday with the managing director Wicknell Chivayo and company lawyer Bruce Tokwe in… Read More
HARARE, February 12 (The Source) – Zimbabwe’s stock market continued its slow decline on Monday, shedding off 0,467 percent to close at 89,63 points on losses by Delta and Old Mutual.
By Tony Hawkins, HARARE, February 12 (The Source) – The monetary policy statement (MPS) predicated on the fiction that the local bond note currency is worth the same as the international dollar must be interpreted with due circumspection, if not outright cynicism.
HARARE, February 9 (The Source) – The Zimbabwe government still owes Dutch-based firm VEON (formerly Vimpelcom) $18 million for the purchase of its 60 percent stake in Telecel Zimbabwe because it is unable to raise foreign currency, a cabinet minister has said.
HARARE, February 8 (The Source) – Zimbabwe’s stocks backpedalled on Thursday, but foreign buyers splashed $3 million the day after the central bank said it would allocate more money to a fund allowing offshore investors to take out their earnings.
HARARE, February 8 (The Source) – Zimbabwe’s largest ferrochrome miner, Zimasco on Thursday announced that it had come out of judicial management after nearly two years.
HARARE, February 8 (The Source) – Australian listed junior miner Prospect Resources says it will start exploration of rare earth elements (REEs) at its Chishanya carbonatite project in Dorowa, in eastern Zimbabwe.
HARARE, February 8 (The Source) – Zimbabwe will stick to the deadline to phase out the high sulphur diesel 500 by the end of this month and cut the price of the cleaner diesel 50 by about nine percent, energy minister Simon Khaya Moyo has… Read More
HARARE, February 7 (The Source) – Stepping off his private plane in Harare on Tuesday night, in white shirt and blue jeans, billionaire Dmitry Mazepin represents both the hope and fear under President Emmerson Mnangagwa’s “open for business” crusade.
HARARE, February 5 (The Source) – The value of transactions processed through the National Payment System (NPS) in the last week of January declined by six percent from $1,8 billion in the previous week to $1,7 billion owing to a decline in Real Time Gross… Read More
HARARE, February 2 (The Source) – Britain has welcomed Zimbabwe’s decision to issue 99-year leases to white farmers, which ended Harare’s over a decade long policy of racial discrimination in agriculture, saying it was an ‘important signal to international investors.’
HARARE, February 2 (The Source) – The International Monetary Fund (IMF) says its relationship with Zimbabwe is evolving in a positive way but notes that a ‘concerted international effort’ will be required to revive and reintegrate the southern African country’s struggling economy
HARARE, January 31 (The Source) – The Zimbabwe Stock Exchange All Shares index slightly eased 0,05 percent to close at 91,32 points on Wednesday, as trades remained restricted to very few counters with only four stocks changing prices in the day.
HARARE, January 29 (The Source) – In Davos, President Emmerson Mnangagwa broke the ice, in more ways than one.
HARARE, January 29 (The Source) – The Industrial Development Corporation of Zimbabwe (IDCZ) has invited bids from financial institutions to help sell off its wholly owned fertilizer maker, Chemplex Corporation.