‘Africa’s deliberate changes commendable’
Jeffrey Gogo Climate Story THE African Union Commission chairperson Dr Nkosazana Dlamini-Zuma last Thursday invoked the spirit of legendary pan-Africanist and one of the creative forces behind a free...
View ArticleGold set for weekly fall on US growth
LONDON — Gold edged higher on Friday but was still on course for the first weekly fall in six weeks due to strong US economic growth, concerns over the US Federal Reserve’s withdrawal of monetary...
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Submit proof, CTC orders butchers
Clara Mawere Business Reporter The Competition and Tariffs Commission has instructed indigenous butchers to submit proof that 30 percent of local butchers have closed down as a result of unfair...
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BAT to invest more in Zim
Business Reporter BRITISH America Tobacco Zimbabwe has spent more than US$5 million over the past five years in capital investments, the company’s finance director Mr Peter Doona said.About 50 percent...
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‘Sound proposals key in getting Chinese funding’
Mr Mike NdudzoBusiness Reporter LOCAL firms should submit sound and bankable investment proposals to obtain funding from Chinese banks, Industrial Development Corporation has said.IDC general manager...
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Gold miners raise red flag
Golden Sibanda Senior Business Reporter Gold mining companies are lobbying Government for a reduction in the rate of royalty and power tariffs applicable to the sector to avoid potential collapse of...
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Zim/EU engage over sanctions
Mr Charles MsipaMartin Kadzere Senior Business Reporter The business delegation which toured Europe last week called for lifting of European Union sanctions on Zimbabwe and urged the block’s leadership...
View ArticleLeaders anchor ethical change
Bradwell Mhondera Business Ethics There are a number of things company leaders must accomplish in order to grow ethical cultures in their organisations. And as one of the first steps towards building...
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Employers turn to EcoCash
THE number of companies using EcoCash to pay their workers has risen dramatically because of the liquidity problems facing some banks.Econet executives responsible for EcoCash said they had seen a...
View ArticleZimplats revenue falls 13 percent
Business Reporter Zimbabwe Platinum Mines said revenue for the quarter ended December 31 fell 13 percent from the quarter ended September due to lower sales and depressed platinum prices.Revenue for...
View ArticleZFC consignment finally cleared
Business Reporter The Zimbabwe Fertiliser Company has finally taken delivery of its 12 500 tonnes of ammonium nitrate fertiliser valued at about US$7,5 million caught up in congestion at Beira port...
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Rainbow Beitbridge Hotel opens
Rainbow Beitbridge Hotel is using both solar and electricity and a backup generatorWalter Muchinguri and Thupeyo Muleya in Beitbridge THE National Social Security Authority’s US$22 million state of the...
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Currencies vital for bilateral economic ties
RBZ Acting Governor Charity DhliwayoGolden Sibanda Senior Business Reporter THE introduction of four more foreign currencies to the multi-currency regime is good for development of bilateral economic...
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Gold tops minerals output
Business Reporters GOLD remained the mainstay of mineral production in the country accounting for more than 30 percent of the total value produced in 2013, latest mineral statistics show.According to...
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NMB floats US$50m SME bond
LISTED financial company NMB Bank managed to raise US$4 million during the floatation of the first tranche of its two-year US$50 million mortgage-backed Small to Medium Enterprises bond issue which...
View ArticleGecamines to build state-of-the-art plant
Cape Town. – Gecamines, the Democratic Republic of Congo’s state-owned mining company, plans to build a 500 megawatt coal-fired power plant by 2017 as the nation pursues higher copper production. The...
View ArticleZuma says Africa investments will rise
Johannesburg. – Government and private sector representatives are confident of South Africa’s and Africa’s growth prospects despite strikes and considerable capital outflows, it emerged in a Bloomberg...
View Article‘The rich should pay more tax’
NAIROBI. – Socio-political commentator, Amos Kaburu, has urged the Kenya Revenue Authority to tax rich members of society higher than their less fortunate counterparts.“The more you earn the more we...
View ArticleSA platinum miners strikes costly
Cape Town. – South African platinum strikes are costing the nation about US$36 million a day, the mining chamber estimated, as the world’s three largest producers of the metal and the union leading the...
View ArticleAgribank needs recapitalisation
AGRIBANK officials say there is a need for Government to recapitalise the bank to guarantee success of the land reform exercise. The bank’s chief executive officer Sam Malaba said the US$4 million...
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