More lithium discovered at Premier’s Zulu mine

More lithium discovered at Premier’s Zulu mine

HARARE, (The Source) – AIM-listed junior miner, Premier African Minerals says it has discovered more lithium deposits at its Zulu Mine in south central Zimbabwe. The Zulu lithium project near Fort Rixon, has an estimated 20.1 million tonnes resource base...
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2 million Zimbabweans have no access to telecoms

2 million Zimbabweans have no access to telecoms

Memory Mataranyika, Fin24 Harare – The Posts and Telecommunications Regulatory Authority of Zimbabwe says about two million Zimbabweans have no access to telecommunications services while the Universal Services Fund (USF) said it will hedge funds contributed...
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Zimbabwe’s bond notes seen dimming prospects of economic recovery

Zimbabwe’s bond notes seen dimming prospects of economic recovery

HARARE, (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. The southern African nation last...
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CABS H1 profit falls 20pct to $16,5mln

CABS H1 profit falls 20pct to $16,5mln

HARARE, (The Source) – Old Mutual Zimbabwe’s mortgage lender Central African Building Society (CABS) reported a 20 percent drop in profit in the six months to June from $20,7 million last year to $16,5 million, weighed down by a surge...
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Getbucks to place bond privately after slow uptake

Getbucks to place bond privately after slow uptake

HARARE, August 1 (The Source) – Deposit taking microfinance institution, GetBucks says its $15 million Medium Term Note will now be placed privately by way of a tap issue following slow uptake of the initial offer which opened in May....
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Delta says to rebrand the Scud

Delta says to rebrand the Scud

HARARE, July 28 (The Source) – Beverage maker Delta Corporation says it will rebrand its iconic Scud sorghum beer before year end as part of group’s cost cutting measures to improve revenue growth. At the company’s annual general meeting chief...
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Poorly economy overshadows Chinamasa’s mid-term budget

Poorly economy overshadows Chinamasa’s mid-term budget

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. Usually a...
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Zimbabwe inflation falls to 0.31pct in June

Zimbabwe inflation falls to 0.31pct in June

HARARE, (The Source) – Zimbabwe’s inflation rate slowed to 0.31 percent year-on-year in June from 0.75 percent in May, the Zimbabwe National Statistics Agency said on Monday. The International Monetary Fund (IMF) has forecast that inflation will rise to 7....
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Effective governance can reduce corruption in Africa

Effective governance can reduce corruption in Africa

Governance and corruption are controversial issues of great significance for sustainable development. Fostering structural transformation requires more than a national policy and strategy in order to operate effectively in an increasingly globalised world. It ...
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Cotton seed farmers to get $40 cash per bale

Cotton seed farmers to get $40 cash per bale

HARARE, (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. “The bank, in consultation with the Agriculture Marketing Authorit...
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