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IFC to help set up credit bureau

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Posted by admin 13 days ago (http://source.co.zw)
HARARE, April 11 (The Source) – The International Finance Corporation will assist government to set up credit reference bureaus as part of economic reforms to attract more investment, an official said on Friday. Credit bureaus are seen as a solution to tackling the high level of non-performing (NPLs) loans in the fragile domestic banking sector, […]

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Willowvale production falls 33 pct on used vehicle imports

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Posted by admin 14 days ago (http://source.co.zw)
HARARE, April 10 (The Source) – Car production at Willowvale Mazda Motor Industries (WMMI), Zimbabwe’s biggest vehicle assembler, has dropped by 33 percent to 6 000 units annually in recent years owing to stiff competition from second-hand imports, the managing director said on Thursday. At peak, Willowvale produced 9 000 units per year but buyers […]

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Public sector executives resist pay cut, govt mulls enforcing law

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Posted by admin 14 days ago (http://source.co.zw)
By Bernard Mpofu, HARARE, April 10 (The Source) – Government will enact a law capping salaries and allowances for managers in state-owned companies and municipalities after facing resistance to the temporary measures reining in executive perks, a minister said on Thursday. Last month, the cabinet capped salaries and allowances at a maximum $6,000 per month […]

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Nearly 750 firms cleared for ‘reserve sector’ indigenization compliance

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Posted by admin 14 days ago (http://source.co.zw)
HARARE, April 10, (The Source)-Government has approved nearly 750 firms that applied for compliance licences for reserved service sectors under the indigenisation and empowerment regulations after they were given an ultimatum to comply by the beginning of the year, a senior official said on Thursday. According to the Indigenisation Act, reserved sectors include agriculture, transport, […]

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Minister exonerates self on gem cash, says NIEEB nibbled at trust fund

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Posted by admin 14 days ago (http://source.co.zw)
HARARE, April 10 (The Source) – Manicaland provincial minister Christopher Mushowe on Thursday denied diverting funds meant for a community trust, saying he actually stopped the state’s National Indigenisation and Economic Empowerment Board (NIEEB) from improperly claiming cash from the Marange-Zimunya community trust. Parliament has in recent weeks thrown the spotlight on the seven diamond

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Kenya's I&M Bank posts 27% jump in pretax profit for 2013

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Posted by admin 14 days ago (http://feedproxy.google.com)
Kenya's I&M Bank Group posted a 27 percent rise in full year pretax profit for 2013 on Wednesday after the commercial bank benefited from a higher net interest income.

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Zim pleads with neighbours to fulfill aid pledges

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Posted by admin 14 days ago (http://source.co.zw)
HARARE, April 10 (The Source) – Zimbabwe’s cash-strapped government is pleading with neighbouring states to make good on financial pledges they made nearly five years ago to help the country’s economy at the inception of the expired power-sharing administration, a minister said on Thursday. In 2009, Botswana promised a line of credit of $70 million […]

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Domino’s Pizza for Zim

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Posted by admin 14 days ago (http://source.co.zw)
BULAWAYO, April 10 (The Source) – South Africa-based Taste Holdings  has signed a 30-year master franchise agreement (MFA) with Domino’s Pizza International Franchising  to develop the brand in  seven southern African countries, including Zimbabwe. The company said this was a long-term strategic decision to grow the franchise as a global brand. “In terms of the […]

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