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
BULAWAYO, July 24 (The Source) — Struggling state-owned National Railways of Zimbabwe (NRZ) plans to borrow $10 million from local banks to finance the overhaul of 10 locomotives this year, an official has said.
HARARE, July 21 (The Source) – Zimbabwe’s banking sector deposits continue to grow but loans and advances dropped as banks remain cautious about lending in the poorly performing economy. Presenting the Mid-Term budget review on Thursday, finance minister Patrick Chinamasa said total banking sector deposits… Read More
HARARE, July 18 (The Source) – The Zimbabwe Electoral Commission (ZEC) says it has submitted a $274 million funding proposal to enable the southern African country to hold polls next year, a development seen loading more debt on the struggling economy.
By Kuda Chideme, HARARE, July 17 (The Source) – A tree planting programme targetted at offsetting deforestation caused by Zimbabwe’s growing population of tobacco farmers is in limbo as two government bodies tussle for control of a million dollar fund set up to finance regreening… Read More
HARARE, July 13 (The Source) – Zimre Holdings Limited’s investment vehicle, Stalap Investment on Thursday made a mandatory offer to all CFI Holding Limited minority shareholders at 22 cents per share after clearance from the Zimbabwe Stock Exchange (ZSE) listing committee.
HARARE, July 13 (The Source) – Zimbabwe’s state net revenues amounted to $1,7 billion in the half year to June 30, 2,72 percent above target and 9,74 percent higher than the comparable period last year, the tax agency said on Thursday.
By Kuda Chideme, HARARE, July 12 (The Source) – Zimbabwe’s inflation rate is too low, and needs to increase to stimulate economic growth, central bank governor John Mangudya has said.
HARARE, July 6 (The Source) – The United States of America has lifted its ban on hunting trophies from Zimbabwe, allowing the country to resume exports later this year, the environment minister said on Thursday.
BULAWAYO, July 6 (The Source) —The Bulawayo City Council (BCC) has proposed to exempt investors that will operate under the Special Economic Zones (SEZs) from paying rates for five years among other incentives designed to lure investment to the city.
VICTORIA Falls, June 30 (The Source) — Zimbabwe will not be exporting beef anytime soon because of regular outbreaks of foot-and-mouth (FMD) disease and government does not have resources to eliminate the disease, according to deputy agriculture minister, Paddy Zhanda. The southern African nation has… Read More