HARARE, July 21 (The Source) – Like Psychology Maziwisa trying to fill potholes with mud in peak rainy season in Highfield, glorifying the informal market is a poor attempt at covering up failure. Over the past week, debate has raged over Maziwisa’s claim that his… Read More
By Simbarashe Zishiri, HARARE, July 21 (The Source) – Agro-industrial group CFI Holdings on Thursday traded at 31,05 cents, 41 percent above Stalap’s minority offer price of 22 cents, raising the possibility of a bidding war among shareholders defending their interests in the agro-industrial group.… Read More
HARARE, July 21 (Reuters) – A Zimbabwean farmers’ union leader warned white South African farmers they should agree a deal to share land with the black majority before they suffer the same fate as neighbours in Zimbabwe who were violently removed from their properties. Land… Read More
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
By Kuda Chideme, Plaxedes Sibanda and Simbarashe Zishiri, HARARE, July 20 (The Source) – Zimbabwe overspent by $549 million to support recovery of the country’s agriculture sector in 2016 to help the country recover from its worst drought in three decades, Finance Minister Patrick Chinamasa… Read More
HARARE, July 20 (The Source) – The highlights from Finance Minister, Patrick Chinamasa’s Budget Review and Outlook. Economy grew 0.7 percent in 2016 against a target of 2.7 percent due to ElNino induced drought Household consumption fell by 11,8 percent in 2016. Agriculture is expected… Read More
HARARE, July 20 (The Source) – The Zimbabwe Stock Exchange (ZSE) has outperformed its regional bourses in the year to date as locals sought to cover in equities from a currency crisis, with both the industrial and mining index advancing 100,54 percent and 179,13 percent… Read More
HARARE, July 20 (The Source) – Beverage giant Delta Corporation on Thursday reported a two percent increase in revenue for the first quarter to June 30 relative to the comparable period last year driven by volume growth in most segments.
By Kuda Chideme, HARARE, July 19 (The Source) – Finance Minister Patrick Chinamasa will on Thursday take to the Parliament to review the country’s performance in the half-year and give an outlook for the rest of the year.
BULAWAYO, July 19 (The Source) — Zimbabwe is planning to release one million hectares of protected land to small-scale gold miners across the country to boost production, Mines and Development deputy minister, Fred Moyo has said, a development that threatens wildlife areas.
HARARE, July 19 (The Source) – Zimbabwe is seen returning to positive economic activity in 2017 on improved agricultural performance but fiscal pressures remain, a leading research company has said.
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 17 (The Source) – Cotton farmers will receive $40 in cash per bale upon delivery while the balance will paid directly into their accounts, central bank governor John Mangudya has said.