Only 37,000ha of wheat out of 60k target planted, Parliament told

Only 37,000ha of wheat out of 60k target planted, Parliament told

HARARE, (The Source) – Ministry of agriculture says that 37,000 hectares of wheat has been planted against a target of 60,000 hectares, Parliament heard on Tuesday. This represents a 165 percent increase on the 14,000 hectares planted in the 2016/7...
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Zimparks mulls opening Victoria Falls Rainforest round the clock to boost tourism

Zimparks mulls opening Victoria Falls Rainforest round the clock to boost tourism

HARARE, (The Source) – Zimbabwe Parks and Wildlife Management Authority (Zimparks) is planning to upgrade facilities and install artificial lighting in the famed Victoria Falls Rainforest, which it is considering opening round the clock to attract more touri...
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Air Zimbabwe rebrands, acquires 4 Boeing 777-200 planes

Air Zimbabwe rebrands, acquires 4 Boeing 777-200 planes

CASH-STRAPPED Air Zimbabwe has reportedly rebranded to Zimbabwe Airways after concluding a long-term lease deal, which will result in the delivery of four modern Boeing 777-200 planes from Malaysia Airlines, NewsDay has learned. BY PAIDAMOYO MUZULU Pictures of...
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TelOne reports $25mln FY16 loss, laments legacy debt

TelOne reports $25mln FY16 loss, laments legacy debt

HARARE, (The Source) – Fixed telecoms operator, TelOne made a loss of $24,9 million in 2016 due to a decline in voice revenue and the high cost of servicing legacy loans. Harare-The company inherited legacy loans from the Post and...
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The MDC’s $100bln economy pledge: its silly season

The MDC’s $100bln economy pledge: its silly season

HARARE, (The Source) – You know election season is around the corner when political parties start making promises they cannot keep. The big promise of the 2013 election was Zanu-PF’s discredited claim that it would create 2.2 million jobs and...
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Zim govt overdraft worries the World Bank

Zim govt overdraft worries the World Bank

Tawanda Karombo Zimbabwe’s bond notes might have eased some of the country’s liquidity challenges, but the World Bank warned the country’s financial markets were too small to absorb the government’s $1billion (R13bn) overdraft with the Reserve Bank of ...
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George Guvamatanga thwarted workers’ bid for Barclays takeover: Documents

George Guvamatanga thwarted workers’ bid for Barclays takeover: Documents

By Shame Makoshori, Senior Business Reporter BARCLAYS Bank Zimbabwe managing director (MD), George Guvamatanga, spent most of last year battling to block 81 low level managers from engaging Barclays Plc, to clarify a number of issues, including an interest to....
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Parastatals ignored tender procedures in deals worth millions: AG

Parastatals ignored tender procedures in deals worth millions: AG

HARARE, (The Source) – Four state enterprises and parastatals (SEPs) flouted tender procedures when procuring millions worth of goods and services, according to the Auditor General, Mildred Chiri. The report sheds light on a culture of impunity and lack of.....
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Premier says to produce commercial grade lithium at Zim mine

Premier says to produce commercial grade lithium at Zim mine

HARARE, (The Source) – AIM-listed junior miner, Premier African Minerals says it will produce commercial grade lithium and tantalum at its Zulu mine in south central Zimbabwe after carrying out metallurgical tests. Premier, which also owns 49 percent of RHA....
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Poor stand sales hit Zimre Properties operating profit

Poor stand sales hit Zimre Properties operating profit

HARARE, (The Source) – Zimre Property Investments’ operating profit for the five months to May 2017 plunged 34 percent to $460,000 from $810,000 over the same period last year, largely on declining rental income and the slow pace of sales...
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