By Almot Maqolo, HARARE, October 20 (The Source) – The Deposit Protection Corporation (DPC) says it is ready to pay out $4.2 million to creditors and depositors of Tetrad Investment Bank.
HARARE, October 17 (The Source) – Zimbabwe’s health insurers say the shortage of foreign currency in the country has resulted in the cost of drugs escalating by as much as 70 percent.
By Respect Gwenzi, HARARE, October 13 (The Source) – Predictions by renowned world economic bodies and the government point towards economic recovery in Zimbabwe at least over the next 3 years. Underlying this foreseen recovery is a projected sustained favourable rainfall pattern which is expected… Read More
HARARE, October 13 (The Source) – Listed beverages manufacturer Delta Corporation, (Delta), says it is set to acquire a controlling stake in Lusaka Stock Exchange-listed sorghum beer company, National Breweries Plc (NatBrew), from its parent firm, Anheuser-Busch InBev SA/NV (AB InBev).Company secretary Alex Makamure said… Read More
By Yeukai Musara, HARARE,October 12 (The Source) – Zimre Holdings Limited (ZHL) has called off plans to sell off its shareholding in insurance firms in NicozDiamond and Fidelity Life Assurance, citing increased uncertainty in Zimbabwe’s financial system.
HARARE, October 10 (The Source) – On September 27, a panicky Patrick Chinamasa, then finance minister, threatened to tighten government controls on social media, blaming it for fuelling shortages of basic commodities and bank notes in the country after a weekend of panic buying.
HARARE, October 10 (The Source) – President Mugabe has always hated it when Finance Ministers had minds of their own. In Ignatius Chombo, Mugabe has his yes-man.
HARARE, September 4, (The Source) – The Zimbabwe Power Company (ZPC) has applied to set up three solar power plants in the country, in a move aimed at improving electricity supply.
HARARE, September 4 (The Source) – The Zimbabwe Stock Exchange industrial index advanced 15,64 percent in August to 235,03 points, the highest since dollarisation, driven by the gains in all heavyweights. The mining index was up 5,8 percent to close at 73,47 points, its highest… Read More
HARARE, August 31 (The Source) – On Monday this week, government announced that Chinese firm R&F will invest $1 billion in Zimbabwe Iron and Steel (Ziscosteel), the latest attempt to revive the once the largest integrated steel works in the region which shut in 2008.… Read More
HARARE, August 10 (The Source) – There is a rush by President Robert Mugabe’s lieutenants to salvage his legacy, and the latest ploy in that race – a university named after him – may cost the taxpayer at least $1 billion. Higher and Tertiary Education… Read More
HARARE, August 9 (The Source) – Zimbabwe government’s expansion of its bond note programme could lead to a notable increase in inflation and will dim prospects for any economic recovery in 2017, according to research firm, BMI.
HARARE, August 1 (The Source) – The High Court of Zimbabwe on Tuesday ordered the state-owned Zimbabwe Consolidated Diamond Company (ZCDC) to stop diamond mining activities in Chiadzwa with immediate effect until it has been granted an Environmental Impact Assessment (EIA) certificate.
HARARE, July 27 (The Source) – Zimbabwe’s Members of Parliament on Thursday rejected the proposed appointment of Industrial Development Corporation boss Mike Ndudzo as Auditor General to replace the popular Mildred Chiri. MPs across the political divide told Finance Minister Patrick Chinamasa that Ndudzo was… Read More
HARARE, July 27 (The Source) – At a meeting between businesspeople and ministers in 2014, Mike Ndudzo, who has just been appointed new Auditor-General, stood up to rail against Government’s lack of action on corruption. “We appeal to the President’s Office to deal with corruption,… Read More