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What happens when Netflix says it’s “coming to Africa”

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Posted by admin 1 day 20 hours ago (http://www.financialgazette.co.zw)
By L.S.M Kabweza As you many know, on-demand internet streaming movie service, Netflix, announced it quarterly results this week. Growth in the US is slowing apparently, so Netflix is looking to outside its home to regain fast growth. Traditionally, something you’re probably super frustrated by if you’re in Africa, netflix doesn’t allow much streaming outside ...

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Imara sees lower brokerage revenue in H2 on negative investor sentiment

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Posted by admin 2 days ago (http://source.co.zw)
BULAWAYO, January 23 (The Source) – Investment advisory firm Imara Holdings Limited (Imara) says it foresees lower brokerage revenue from its Zimbabwe unit due to negative foreign investor perceptions triggered by political uncertainly. The Botswana Stock Exchange-listed group said in a statement accompanying its un-audited consolidated financial results of the group for the six months [

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Don’t rush for judicial management, bankers plead with ailing firms

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Posted by admin 2 days ago (http://source.co.zw)
HARARE, January 23 (The Source) –The Bankers Association of Zimbabwe (BAZ) has pleaded with debt burdened ailing firms to engage their financiers to find means of bailing them out instead of rushing to file for judicial management at the High Court to escape the wrath of creditors. Harsh economic conditions characterized by absence of cheap […]

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Govt seeks Chinese funding for ‘Disneyland in Africa’

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Posted by admin 2 days ago (http://source.co.zw)
VICTORIA FALLS, January 23 (The Source) – Government is courting China to fund its ‘Disneyland in Africa’, a tourism and conference theme park in the resort town of Victoria Falls, officials said. The government set aside 300 hectares of land to build a state-of-the-art conference centre to house hotels, businesses, shopping malls, banks and exhibition […]

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Artisanal miners engage army over illegal gold mining

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Posted by admin 2 days ago (http://source.co.zw)
By Bernard Mpofu, HARARE, January 22 (The Source) – The Zimbabwe Artisanal and Small Scale for Sustainable Mining Council (ZAMSC) has written to the army to voice concerns over rampant illegal gold mining and revenue leakages at one of the country’s protected sanctuaries. ZAMSMC president Wellington Takavarasha said up to 50kg was being mined and […]

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Delta revenue dip dents SABMiller Africa performance

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Posted by admin 2 days ago (http://source.co.zw)
BULAWAYO, January (22) – Delta’s 10 percent drop in revenue for the third quarter to December was the only decline among SABMiller’s Africa subsidiaries, reflecting the continued economic challenges facing Zimbabwe, the group announced on Wednesday. In its trading update for the group’s third quarter ended 31 December 2014, SABMiller said all the other African […]

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Steward Bank appoints Mambondiani as acting CE

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Posted by admin 2 days ago (http://source.co.zw)
HARARE, January 22 (The Source) – Steward Bank, the banking arm of telecoms giant Econet Wirelesss Zimbabwe, has appointed Lance Mambondiani as acting chief executive officer following the exit of Kwanele Ngwenya, board chairman Oluwatomisin Fashina said on Thursday. Mambondiani has been with Steward Bank Limited since July 2014 working as a strategy, business development, […]

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Zimbabwe’s 2015 GDP likely to be around 1pct without reforms – BAZ

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Posted by admin 2 days ago (http://source.co.zw)
HARARE January 22 (The Source) – Zimbabwe economy is likely to grow by just one percent this year in the absence of political will to institute economic reforms, Bankers Association of Zimbabwe (BAZ) president Sam Malaba said on Thursday. Government, along with the World Bank, expects the economy to grow by 3,2 percent anchored on […]

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