HARARE, June 23 (The Source) – You know election season is around the corner when political parties start making promises they cannot keep.
HARARE, June 22 (The Source) – Zimbabwe expects to produce 2,5 million carats of diamonds this year after acquiring equipment for its state-owned Zimbabwe Consolidated Diamond Company but legal challenges remain over its move to nationalise diamonds fields in the east of the country. President… Read More
VICTORIA FALLS, June 20 (The Source) – Zimbabwe has signed a comprehensive agreement with unnamed Chinese investors for the construction of its ‘Disneyland in Africa’, a tourism and conference theme park in the resort town of Victoria Falls, the tourism minister said on Wednesday.
HARARE, July 8 (The Source) – The Zimbabwe government continues to dominate the local credit market, with domestic debt rising 40 percent to $4 billion in the quarter to March.
HARARE, April 24 (The Source) – Zimbabwe needs a comprehensive policy package and structural reforms to address the fiscal challenges which the introduction of bond notes alone cannot solve, the International Monetary Fund (IMF) has said. The introduction of the surrogate currency in November last… Read More
HARARE, March 29 (The Source) – Econet Wireless Zimbabwe’s $130 million rights issue was undersubscribed by over 75 percent, mirroring the depth of the country’s liquidity crunch, with the underwriter pumping in $100 million, according to officials with knowledge of the transaction. Econet Wireless Global,… Read More
HARARE, June 23 (The Source) – Fidelity Life Assurance on Friday said its total income stood at $8,4 million against the budget of $12,3 million in the five month period to May 31, but expects new products and insurance business to improve its financial performance… Read More
HARARE, June 23 (The Source) – Fixed telecoms operator, TelOne made a loss of $24,9 million in 2016 due to a decline in voice revenue and the high cost of servicing legacy loans.
HARARE, June 23 (The Source) – Agro-industrial group TSL on Friday reported a 163 percent increase in net income to $1,58 million in the six months to April 30, driven by an improved performance by the agro chemicals business and higher grain production.
By Kuda Chideme, HARARE, June 23 (The Source) – Zimbabwe’s loans register is in shambles and the country may have been prejudiced of more than $100 million in fictitious loan repayments, a report by the Auditor General Mildred Chiri has revealed. The report, which was… Read More
HARARE, June 23 (The Source) – Four state enterprises and parastatals (SEPs) flouted tender procedures when procuring millions worth of goods and services, according to the Auditor General, Mildred Chiri. The report sheds light on a culture of impunity and lack of accountability that prevails… Read More
HARARE, June 22 (The Source) – Zimbabwe’s largest media group,Zimpapers, says that it has budgeted capital expenditure of $3,8 million for 2017 and has so far spent $780,000 on equipment and property development.
HARARE, June 22 (The Source) – The Zimbabwe National Road Administration (Zinara) has partnered with mobile payment platform, Ecocash, to launch a mobile application that allows motorists to pre-pay tollgate fees.
HARARE, June 21 (The Source) – Zimbabwe takes its hunt for foreign direct investment (FDI) to South Africa, and will host an ease of doing business conference in the neighbouring country later this week, organisers have said.
HARARE, June 21 (The Source) – Zimbabwe’s Tobacco Research Board says it produces enough seed to serve both the domestic and export markets, despite receiving no government support.
HARARE, June 21 (The Source) – AIM-listed junior miner, Premier African Minerals says it will produce commercial grade lithium and tantalum at its Zulu mine in south central Zimbabwe after carrying out metallurgical tests. Premier, which also owns 49 percent of RHA Tungsten mine in… Read More
By Kuda Chideme, HARARE, June 21 (The Source) – Zimbabwe’s economy will grow by 2.8 percent this year, lower than the government projection of 3,7 percent spurred by increased output in agriculture, the World Bank said on Wednesday. The southern African nation is recovering from… Read More
HARARE, June 21 (The Source) – Shareholders of the deposit taking microﬁnance institution, Getbucks Zimbabwe on Wednesday approved the name change to GetBucks Microfinance Bank Limited as it seeks to expand its product offering. “The change in name has been necessitated by the change in… Read More