Cash crisis: the government’s hidden hand

By Alfonce Mbizwo, HARARE, May 16 (The Source) – Zimbabwe’s cash crisis has led to questions about the government’s management of the country’s financial systems, with indications that its increasing borrowings on the domestic market have created a financial black hole for the banking sector… Read More

IDC says denied SA loan over sanctions

HARARE, April 14 (The Source) – The Industrial Development Corporation of Zimbabwe (IDCZ) says it failed to secure a second loan facility from IDC South Africa, which has cited sanctions on some IDCZ subsidiaries by the United States government. The US imposed “targeted” sanctions on… Read More

Vast Resources secures $7mln from US fund

HARARE, January 4 (The Source) – London-listed junior miner Vast Resources on Monday announced that it had secured a $ 7,3 million investment from United States-based venture capital firm Crede Capital, which will take up shareholding in the company. Vast, previously African Consolidated Resources (AFCR),… Read More