Govt cuts BCC budget by $10 million

BULAWAYO, April 3 (The Source) – The government has ordered the Bulawayo City Council (BCC) to reduce its 2014 budget by $10 million, a move city fathers say would threaten service delivery in Zimbabwe’s second city. BCC last year announced a $114, million budget for… Read More

BancABC to float €150 million bond

HARARE, April 2 (The Source) – Banking group, ABC Holdings is planning to float a 150 million euro bond to support the local banking sector through loans, Finance Minister Patrick Chinamasa has said. Addressing journalists at a joint press conference with Atlas Mara co-founders, former… Read More

Hwange local board in the red

VICTORIA FALLS, December 4 (The Source) – Hwange Local Board is owed over $1 million by residents and businesses in the coal mining town and is struggling to provide basic services, an official said on Wednesday. A government’s decree in July for local councils to… Read More