Econet defies ZSE, says EGM to go ahead

HARARE, February 2 (The Source) – Econet Wireless says its extraordinary general meeting to consider a proposed $130 million capital raise will go ahead as planned on Friday, setting itself on a collision course with the Zimbabwe Stock Exchange which directed the company to postpone… Read More

Zimbabwe clears IMF arrears

HARARE, October 21 (The Source) – Zimbabwe has cleared its arrears with the International Monetary Fund (IMF), after paying $108 million on Thursday, the Fund has announced. Zimbabwe, which has been in arrears since 2001, used its allocation of Special Drawing Rights (SDRs) allocated to… Read More