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Losses in Delta and Econet weigh down ZSE

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Posted by admin 2 days ago (http://source.co.zw)
HARARE, December 19 (The Source) – The industrial index ended the week down dropping 1.07 points to 163 points dragged down by losses in Delta and Econet. Delta was the biggest loser shaking off 1,31 cents to 107,69 cents while the leading telecoms company dropped a cent to 59 cents. Powerspeed eased 0,26 cents to […]

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AfrAsia seeks to raise $15mln, microfinance unit disposal edges closer

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Posted by admin 2 days ago (http://source.co.zw)
HARARE, December 19 (The Source) – AfrAsia Zimbabwe Holdings Limited (AZHL), a subsidiary of Mauritius-based AfrAsia Bank Limited (ABL) is well on course to raise $15 million through borrowings to increase liquidity in the local operation, the companies announced on Friday. Local finance group, IMARA Capital Finance, has been enlisted by AfrAsia Zimbabwe to market […]

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We’re hiring – Business Development Manager

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Posted by admin 2 days ago (http://source.co.zw)
  The Source is an independent business and financial news service in Zimbabwe that provides accurate and informed news and analysis. A credible, independent agency facilitating the free flow of financial information within Zimbabwe as well as to those considering future investment will play a crucial role in the country’s development. The news service is […]

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ZERA licences 9 IPPs, eyes additional 3,500MW for power grid

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Posted by admin 2 days ago (http://source.co.zw)
HARARE, December 19 (The Source) – The Zimbabwe Energy Regulatory Authority (ZERA) has licenced 12 new power projects, including 9 independent producers (IPPs), that could generate an additional 3,500 megawatts, over three times current production. “Out of those 12 projects which have not been implemented, three are going to be done by (state-owned) Zimbabwe Power […]

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Open Forum | Where is Zim opposition?

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Posted by admin 2 days ago (http://www.financialgazette.co.zw)
ZIMBABWE’S opposition parties never cease to amaze. When a lot is expected of them, they melt away like morning dew. As Zimbabwe’s economy heads south, it had been hoped that the country’s main opposition parties would emerge as the voice of reason in a muddled political environment. But alas! The opposition parties have been watching ...

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Minister backs tourism investments in Vic Falls

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Posted by admin 2 days ago (http://www.financialgazette.co.zw)
TOURISM and Hospitality Industry Minister Honourable Walter Mzembi has endorsed Africa Albida Tourism’s investments in Victoria Falls as fitting his vision to boost infrastructure to vastly grow the tourist attraction’s economy to $30 billion a year. Mzembi was speaking at the 20th anniversary celebrations of Victoria Falls Safari Lodge, which was attended by more than ...

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Device and OS review 2014: What was worth the mention

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Posted by admin 2 days ago (http://www.financialgazette.co.zw)
By Prince Jones We are fast approaching the end of this year. Like every other year before it, there have been both hits and misses from the tech world. From awesome devices and software slip-ups here is a quick run through at what was worth the mention in this device and OS review for 2014. ...

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Hunyani Holdings Limited FY 2014 financial results

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Posted by admin 2 days ago (http://feedproxy.google.com)
Financial PerformanceGroup volumes were 4% below the prior year owing to the eleven month reporting period. Nevertheless, there was strong performance from the tobacco and export sectors. Revenue was down by 7% partly attributable to the sales mix. Profit from operations improved to $1,9 million (2013:$1,2 million). An Operating Profit, after abnormal items, of $1,7 million (2013: $2,5 million) w

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