Home / Business

Business

ZSE turnover nearly doubles as foreigners dominate trades

HARARE, March 25  (The Source) – The Zimbabwe Stock Exchange (ZSE) market turnover increased remarkably by 94 percent in the week to $11,8 million driven by high turnover in telecomms firm, Econet. On Friday, Econet shares worth $7,95 million shares exchanged hands while foreigners sold shares worth $7,8 million and …

Read More »

Zimbabwe gets $20mln irrigation loan from Kuwait Fund

HARARE, March 24 (The Source) – Kuwait on Friday signed a $20 million loan agreement with Zimbabwe to finance the development of irrigation infrastructure at Zhove Dam in Matabeleland South. The loan has an interest rate of 1,5 percent per annum with a 25 year tenure which includes a 5 …

Read More »

Zimpapers FY profit down 26pct

HARARE, March 24 (The Source) – Zimbabwe’s largest media house, Zimpapers, on Friday reported that its net profit for the year to December 2016 fell by a quarter to $2,02 million from $2,7 million in the prior year. Revenue was down 6,3 percent to $37,6 million from $40 million in …

Read More »

Zimpapers records 14,6 pc jump in operating profit

The country’s largest media house recorded a 14,6 percent increase in operating profit before tax for the year ended December 31 on the back of a reduction in operating costs and borrowings. Profit after tax for the group for the period under review rose to $2,5 million from $2,1 million  in the …

Read More »

Slightly over 4 000 kg of tobacco sold

Harare – At least 4 023 kilograms of tobacco worth $10,1 million has been sold through both auction and contract  systems since the selling season commenced last week, the industry  regulator has said. The volume of tobacco sold so far is about 20,1 percent higher than 3 349 kg valued …

Read More »

Buyers for Zim lithium project?

HARARE  –  Regional-focused mining exploration firm Premier African Minerals Ltd has identified a wide and well mineralised central zone within its Zulu lithium deposit in Zimbabwe, adding that it had received “expressions of interest” from unnamed parties. Zulu – which is generally regarded as potentially the largest undeveloped lithium bearing …

Read More »

Rogue’ States back Zim at UN inquiry

Activist group United Nations Watch (UNW) has expressed disgust over the hailing of Zimbabwe’s human rights record by “rogue” States — Iran, Venezuela and North Korea. While the three countries, with controversial governance records, praised Zimbabwe’s “promotion and protection of human rights” at the United Nations (UN) Human Rights Council …

Read More »

Doves Funeral Assurance loses Zimplats claim

The High Court has thrown out a US$4 million claim against the Zimbabwe Platinum Mines (Zimplats) by Doves Funeral Assurance (Private) Limited, after the mining giant cancelled a tender for funeral cover in 2013. Doves Holdings to increase market share After notifying Doves that it had won the tender to …

Read More »

Protests against Eunice Sandi-Moyo and Sarah Mahoka

Demonstrations that appeared to have been co-ordinated rocked ZANU-PF as hundreds of placard-wielding Women’s League members stormed party provincial offices throughout the country demanding the dismissal of the wing’s deputy secretary for women’s affairs, Eunice Sandi-Moyo and secretary for finance, Sarah Mahoka. Sarah Mahoka Sandi-Moyo is being accused of usurping …

Read More »

ZSE completes Alban Chirume investigation

An investigation into the conduct of suspended Zimbabwe Stock Exchange (ZSE) chief executive officer (CEO), Alban Chirume, is almost complete, amid indications that the bourse could part ways with its top servant. Chirume fell out with the ZSE’s board last month for sanctioning mobile telecommunications company Econet Wireless’ cash call …

Read More »
error: Content is protected !!