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Zambezi Gas coal output up 80 pct in 8 months

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Posted by admin 3 days ago (http://source.co.zw)
HWANGE, October 28 (The Source) – Zambezi Gas has recorded an 80 percent increase in coal output at its Ethuba mining concession in Hwange, eight months after the company started mining, a comany executive said on Tuesday. Chief executive officer Thomas Nherera  told The Source that output was now around 45,000 tonnes per month up […]

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$60mln to light up Harare, council says

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Posted by admin 3 days ago (http://source.co.zw)
HARARE, October 28 (The Source) – City of Harare needs $60 million to revamp the city’s lighting system and is considering installing a solar powered system to cut on the local authority’s electricity bill, an official has said. The current antiquated lighting system has been blamed for Council’s high electricity bill. The City owes power […]

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All the right noises as rare UK trade team begins Zimbabwe visit

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Posted by admin 3 days ago (http://source.co.zw)
HARARE, October 28 (The Source) – The first United Kingdom trade mission to Zimbabwe in over a decade began its visit on Tuesday, with both London and Harare committing to re-engagement after years of fraught ties. Former coloniser Britain fell out with President Robert Mugabe’s government in 2000, mainly over oft-violent seizures of white-owned land […]

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Govt struggles to get investor for Kamativi

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Posted by admin 3 days ago (http://source.co.zw)
VICTORIA FALLS, October 28 (The Source) – Government needs about $100 million to re-open defunct Kamativi tin mine in Dete and is struggling to get an investor, deputy mines minister Fred Moyo has said. The Zimbabwe Mining Development Corporation (ZMDC) owned mine which used to produce one million tonnes of the base metal annually was […]

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Zimra misses revenue target as economic slowdown continues

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Posted by admin 3 days ago (http://source.co.zw)
HARARE, October 28 (The Source) – Revenue collections for the for the third quarter of the year fell nine percent behind target after most revenue heads underperformed, Zimbabwe’s tax agency said on Tuesday, warning of a flat performance in the fourth quarter as tight liquidity and poor economic fundamentals take their toll on company performances. […]

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First UK trade mission to visit Zim in a decade arrives as frosty ties thaw

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Posted by admin 4 days ago (http://source.co.zw)
HARARE, October 27 (The Source) – The first United Kingdom trade mission to Zimbabwe in over a decade arrives in Harare on Tuesday, Ambassador Catriona Laing has said, signalling a thawing of relations between the two countries. Relations between Zimbabwe and its former colonial master have been frosty and UK, as part of the European […]

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Comesa, SADC agree to form Africa’s largest free trade zone

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Posted by admin 4 days ago (http://source.co.zw)
HARARE, October 27 (The Source) – Two of the biggest blocs in Africa, the Common Market for Eastern and Southern Africa (Comesa) and the Southern Africa Development Community (SADC), will launch a free trade zone in December as the continent moves towards integration, Comesa has said. The proposed FTA, to be called the Grand Free […]

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Losses in Econet, Barclays drag ZSE index lower

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Posted by admin 4 days ago (http://source.co.zw)
HARARE, October 27 (The Source) –The industrial index continued its southward trend on Monday shedding 2,43 points to close at 180,47 points, dragged down by losses in Econet, Barclays and Masimba. The telecoms giant Econet was the biggest loser, shedding two cents to 70 cents. Barclays retreated 0,50 cents to trade at three cents whilst […]

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