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Zim attends Africa Airport Expansion Summit

Zimbabwe is among the countries participating at the 5th Annual Africa Airport Expansion Summit taking place in Kigali, Rwanda with calls that the continent needs to position itself to benefit from the boom in tourism and surge in investment inflows by sprucing up airport infrastructure. Government regulatory bodies, airport authorities, …

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Mugabe lifts lid on arms-for-minerals deal with China

HARARE, Feb 21 (The Source) – President Robert Mugabe has, for the first time, gone public with some details of an arms-for-minerals deal his government entered with China a few years ago. Speaking during his 93rd birthday interview aired on state television on Monday night, Mugabe revealed he had met …

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Shasha increases stake in Cambria

Zimbabwe focused investment company Cambria Africa’s chief executive Mr Samir Shasha has increased his stake in the company to 65,8 percent from 50,55 percent following the conversion of Ventures Africa Limited’s (VAL) loan into Cambria ordinary shares on Friday and the close of the investment company’s open offer. Mr Shasha’s interest in …

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Govt to set up Zimbabwe Export Council

HARARE – The Government is mulling the establishment of the Zimbabwe Export Council (ZIMEC) as a non-incorporated body to co-ordinate and spearhead the country’s national export drive . In announcing his Monetary Policy Statement last week, Reserve Bank of Zimbabwe Governor Dr John Mangudya said the proposed entity will function …

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Tobacco farmers urged to approach banks for export incentive

HARARE  –  Tobacco farmers who have not yet  received the  5 percent export incentive should approach their  respective banks to resolve the issue, the Tobacco Industry and  Marketing Board (TIMB) said on Sunday. In order to encourage tobacco farmers to increase production, as well  as promote financial inclusion, the Reserve Bank of …

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Accountability, transparency vital in mining sector

Exploitation of Marange diamonds did not translate into expected development Tinashe Makichi Mining Matrix The discovery of diamonds in Marange brought hope to the nation. Revenue from the diamond sector was anticipated to restore macro-economic stability and general social and economic development for the nation as a whole. However, the …

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How Mine ground fall dims Metallon gold output

Metallon Corporation Limited saw its gold output dropping 2% to 94 212 ounces in 2016 on the back of a fall of the ground at its major mine, How Mine, which impacted on production and power supply interruption at all the mines. BY BUSINESS REPORTER In 2015, output was 96 …

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Doctors’ industrial action spreads

THE strike by public hospital doctors, which until yesterday had remained confined to Harare Central, Parirenyatwa and Mpilo Central hospitals, has reportedly spilled over to United Bulawayo Hospital (UBH) amid fears the industrial action could spread to all the country’s provincial health centres. BY STAFF REPORTER Parirenyatwa Hospital. The doctors, …

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MFIs loans lean more towards productive sector

In the past, micro-finance institutions in Zimbabwe were known for being the saviours of financially struggling individuals, to whom they would lend small amounts at extortionist interest rates of as much as 100 percent, particularly in January when many people would have run out of money after the festive season. …

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