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CFI narrows HY loss to $273k from $6,1mln

HARARE, May 5 (The Source) – CFI Holdings on Friday said the group narrowed its after-tax loss to $272,784 in the six months to March 31, from a $6,1 million loss incurred in the prior half year-end, supported by the improved performance of its Farm and City unit. Revenue increased …

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STEM: Revitalising economy

Professor Jonathan Moyo Due to its high national literacy rate, Zimbabwe has been often hailed for possessing an education system that other countries, particularly those on the African continent, should aspire towards. Since the dawn of Independence, the Government has prioritised the education of its populace, something that has meant …

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RBZ to reward whistle blowers

Business Reporter THE Reserve Bank of Zimbabwe (RBZ) has introduced a five percent reward to whistle blowers who report individuals and businesses involved in cash hoarding, selling or engaging in illicit dealings. In a statement, RBZ Governor Dr John Mangudya said information provided to the bank would be kept in …

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Launch for $90m SMEs funding package

Minister Sithembiso Nyoni Kiyapili Sibanda, Business Reporter THE Ministry of Small to Medium Enterprises and Co-operative Development will today launch a $90 million funding package aimed at capacitating various up-and-coming businesses across sectors, a Cabinet Minister has said. The small to medium enterprise (SMEs) sector has registered robust growth in …

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CZI begin state of industry research in Midlands

Vice President Emmerson Mnangagwa Lovemore Zigara, Midlands Correspondent INDUSTRY lobby body, the Confederation of Zimbabwe Industries (CZI), has partnered local academic institutions to do a research on the state of Midlands industries. The findings of the research and the recommendations, which are being done by Gweru and Kwekwe Polytechnic Colleges, …

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Malpractice: Examining the practice

This week the examiner would like to discuss the issue of malpractice in education and examinations with a particular focus on our own society, beliefs and culture.The first question we would like to answer is “What is examination malpractice?” With the June examinations fast approaching, we would like the community …

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Fidelity insurance premiums fall

Conrad Mwanawashe Business Reporter FIDELITY Life Assurance of Zimbabwe saw net insurance premiums fall to $14,8 million in the 12 months to December 31, 2016 against $16,6 million recorded the prior year, which the group blamed on the “difficult operating environment”. The group said the difficult operating environment had a negative …

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Chinese firm to set up fertiliser plant

Dr Sibanda Tinashe Makichi and Michael Tome The China Council for Promotion on International Trade (CCPIT) has struck an agreement with Government which will see one of the council’s companies setting up a multi-million dollar fertiliser manufacturing plant in Zimbabwe. CCPIT of Zhenjing China comprises of enterprises and organisations operating …

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10 signs you’ll never be rich

Contrary to popular belief, “everyone has the same opportunity to acquire wealth,” says Steve Siebold, a self-made millionaire. But not everyone seizes the opportunity. To find out if you’re doing all that it takes to set yourself up for a rich future, we’ve rounded up 10 signs that you’re not …

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