HARARE, January 16 (The Source) – Deposit taking microﬁnance institution GetBucks’s $15 million bond, which was placed privately by way of a ‘tap issue,’ has had no takers so far due to low investor appetite for monetary assets, officials familiar with the matter said on… Read More
HARARE, January 8 (The Source) – Struggling Bulawayo City Council (BCC) has urged residents with outstanding debts to negotiate payment plans as it seeks to recover $170 million in unpaid bills.
HARARE, January 5 (The Source) – Rock Foundation Medical Centre, which is under judicial management says it is working on a deal to pay off its creditors.
Emmerson Mnangagwa has been the president of Zimbabwe for 26 days and it has been 30 days since longtime leader Robert Mugabe was forced to quit. The problems Mugabe created and nurtured are providing Mnangagwa with his early challenges. How does he address the biting… Read More
HARARE, December 18 (The Source) – Messina Investments’ Nicholas Van Hoogstraten said Stalap nominated directors who recently exited the agro-industrial group, CFI Holdings shall be held accountable for the alleged poor corporate governance and will have criminal cases brought against them.
HARARE, December 7 (The Source) – Electrical goods manufacturer and retailer, Powerspeed’s after tax profit more than doubled to $1,1 million in the full year to September from $454,471 in the previous year on increased revenue. Revenue rose 30 percent to $53,9 million from $41,6… Read More
HARARE, December 5 (The Source) – The Zimbabwe Stock Exchange mainstream index eased 5,41 percent to close at 346,15 points on Tuesday as investors wait for direction from the 2018 national budget whose presentation is expected on Thursday.
Robert Mugabe refused to step down as Zimbabwe’s president on Sunday, despite his ruling ZANU-PF party removing him as its leader, replacing him with Emmerson Mnangagwa, the man he fired as his deputy in party and government early this month. In a televised address to… Read More
HARARE, November 17 (The Source) – The fate of Zimbabwe’s President Robert Mugabe hung in the balance on Friday as he apparently resisted moves to make him step down after the military seized power on Tuesday this week. The army has been, until this week,… Read More
HARARE,November 14 (The Source) – Regional cement maker Pretoria Portland Cement (PPC) says it has received a non-binding expression of interest from building materials manufacturer CRH, to acquire a controlling stake in PPC.
HARARE, October 30 (The Source) – Regional cement maker Pretoria Portland Cement (PPC) says it has received an offer from a global building materials and solutions company, LarfargeHolcim, challenging an earlier offer from Fairfax.
VICTORIA FALLS, October 27 (The Source) – Victoria Falls municipality has applied for city status, with the local authority saying it has capacity and adequate infrastructure to warrant the upgrade.
HARARE, October 27 (The Source) – Zimbabwe’s infrastructure bank will next month float several bonds to the tune of $14,9 million to finance development of its housing project in Kariba.
HARARE, October 10 (The Source) – Zimbabwe equities edged up on Tuesday as punters kept up their uptake of local stocks, unimpressed by the appointment of Ignatius Chombo as finance minister. The instability in the money market has fuelled demand for stocks, and analysts said… Read More
By Frank Pichel, Washington DC – Earlier this month, Liberian President and Nobel Peace Prize laureate Ellen Johnson Sirleaf warned that Africa would continue to be stalked by poverty, hunger, and famine until governments provide smallholder farmers with secure rights to land. She was… Read More