Zimbabwe could seize idle mining claims

HARARE, May 20 (The Source) –  Zimbabwe says it could repossess unused mining claims from large companies and redistribute them to small-scale miners in a bid to increase mineral output.   Mining plays a critical role in the southern African nation, accounting for 60 percent of… Read More

Cafca reports $327k HY profit

HARARE, May 18 (The Source) –  Cable manufacturer CAFCA has reported a 41 percent increase in profit before tax to $327,000 for the six months to March, largely as a result of reducing costs and savings on interest from borrowings. Revenue remained flat at $9,3… Read More

Telecel Zimbabwe seeks $200mln reboot

HARARE, May 18 (The Source) – Zimbabwe’s smallest mobile network operator, Telecel  is in discussions with investors over a $200 million loan seen as crucial to reviving its operations. Telecel has 1,8 million active subscribers out of its 4,6 million total customers according to the… Read More

Troubled Air Zimbabwe barred from Europe

HARARE, May 16 (The Source) – Air Zimbabwe has been added to a list of airlines barred from entering Europe after failing to address safety deficiencies picked up during European Aviation Safety Agency (EASA) operator audits, the European Commission announced on Tuesday. The European Commission’s… Read More