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
HARARE, September 8 (The Source) – Zimbabwe will next month commence repatriation of sale proceeds and dividends for foreign investors on the Zimbabwe Stock Exchange (ZSE), following establishment of the country’s Portfolio Investment Fund (PIF). Reserve Bank of Zimbabwe (RBZ) governor John Mangudya yesterday said… Read More
HARARE, August 31 (The Source) – From inside what used to be the commentary box, high above what is left of the sports field at Torwood Stadium, one can look across to the pile of rust that was once one of Africa’s largest steel factories.… Read More
HARARE, August 20 (The Source) – The Zimbabwe Stock Exchange (ZSE) market capitalisation hit its highest point since dollarisation in 2009 of $6,05 billion as local investors continue to seek refuge in equities to escape currency woes. The ZSE last recorded a market capitalisation above… Read More
HARARE, August 9 (The Source) – Old Mutual Zimbabwe group’s after tax profit jumped seven-fold to $89,4 million in the six months to June from $12,5 million in the comparable period last year mainly due to an increase in investment income from non-banking activities, chief… Read More
HARARE, August 7 (The Source) – AIM-listed junior miner, Premier African Minerals says it has discovered more lithium deposits at its Zulu Mine in south central Zimbabwe. The Zulu lithium project near Fort Rixon, has an estimated 20.1 million tonnes resource base grading 1.06 percent… Read More
HARARE, August 7 (The Source) – Finance Minister Patrick Chinamasa on Monday said government would allow local authorities with sound financial management systems in place to issue bonds and raise finance for infrastructural development. Zimbabwe has 92 local authorities, which Chinamasa said did not have… Read More
HARARE, August 7 (The Source) – The Zimbabwe Stock Exchange (ZSE) has experienced capital flight during the year to July 31, as foreign sales amounting to $60,9 million outweighed foreign purchases of $33,5 million, resulting in a net capital outflow of $27,4 million. Participation on… Read More
VICTORIA FALLS, August 4 (The Source) – Teams of Indian and Turkish investors are in Zimbabwe seeking investment and joint venture opportunities with local companies, mostly targeted at the Special Economic Zones, officials say. About seven Indian tech companies attended this year’s Confederation of Zimbabwe… Read More
The Source News Agency is looking for interns to join its Harare-based editorial team. This is an excellent opportunity for prospective financial journalists to work with industry leading journalists. The contract period is for at least six months and the successful candidates will report to… Read More