Nigeria: Africa’s biggest economy
Lagos. – Whether we like it or not, Nigeria is set to displace South Africa as the continent’s largest economy. Other than the “bragging rights” that come with being top of anything, what does this...
View ArticleLocal authorities vital for SMEs
Sanderson Abel Business Correspondent The importance of the informal sector in the development of towns and cities has been a controversial topic. Debate around the importance of the informal sector...
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Allocate more seed capital to SWF
The Sovereign Wealth Fund Bill seeks to establish a fund whose objective is to reserve income from the country’s mineral resources for the benefit of future generationsIn line with the Zimbabwe Agenda...
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POSB to report 2013 profit
POSB has opened six branches since 2010THE People’s Own Savings Bank expects to report a profit in the year to December 31 2013, driven by the realignment of cost and revenue structures in the second...
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Zesa unit faces US$11m lawsuit
Work in progress . . . One of the ZETDC substations under constructionBusiness Reporter Zesa Holdings subsidiary, Zimbabwe Electricity Transmission and Distribution Company, is being sued for US$11...
View ArticleGold firms but range tightens
LONDON — Gold firmed on Tuesday as some investors bought back into bullion-backed funds, but uncertainty ahead of US jobs data and a lack of Asian demand during the Lunar New Year break kept the metal...
View ArticleOverdue receipts compound liquidity crunch: RBZ
Business Reporter ZIMBABWE’S overdue export receipts as at December 31 amounted to US$318 million, a situation that has compounded the current liquidity crunch, the central bank has said.Acting Reserve...
View ArticleOutrageous salaries must go
Shelter Chieza Change Management One cannot afford to ignore the stories involving outrageous salaries and perks that some executives at public institutions that are being reported in the newspapers...
View ArticleNew technology to raise tilapia fish production
ACCRA - High density poly-ethylene cages, the new technology, is poised to increase production of tilapia fish and meet growing demand for the food in Ghana and abroad. Safeway Group has introduced the...
View ArticleHow to manage your eight hours
Zachary Aldwin Milkshake in the Boardroom Sometime back someone had the idea of compartmentalising the rise and setting of the sun into little convenient bundles by which we can measure the passing of...
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ZB to continue with merger plans
Blessing Bonga Business Reporter ZB Financial Holdings says plans to merge its bank and building society will continue despite the recent extension by the Reserve Bank of Zimbabwe of the banking sector...
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Seed Co to offload 49pc of Quton
Martin Kadzere Senior Business Reporter SEED Co Ltd is close to selling part of its shareholding in Quton, a cotton seed developer, to an Indian company Mahyco for a yet to be disclosed amount, sources...
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ACR focuses on rich Pickstone Peerless
African Consolidated Resources has over the last decade, raised more than US$70 million, with the majority of that capital being put into the development of mineral ground in Zimbabwe.Some of that...
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Exor, Mozambique oil giant in joint venture
The joint venture between Exor and Petromoc will see the gradual re-branding of all Exor service stations to reflect the new PetromocExor brandEXOR Petroleum, one of the country’s pioneering indigenous...
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US$27bn required to fund Zim-Asset
Industry and Commerce Minister Mike Bimha (left), Confederation of Zimbabwe Industries president Mr Charles Msipa (centre) and CZI chief economist Ms Lorraine Chikanya follow proceedings during the CZI...
View ArticleLet’s learn from accidents
Tatenda Chinoda In defensive driving, we maintain that a road traffic collision (accident) is a total loss unless something useful can be learnt from it. When an accident has happened, no matter how...
View ArticleEight miners die in fire in SA
Johannesburg. – Harmony Gold Mining Co. (HAR) said eight workers are dead and one is missing after a rockfall triggered a blaze more than a mile underground at its Doornkop site in South Africa’s worst...
View ArticleMid-Kariba: Where the jungle is still alive
Isadore Guvamombe Tourism Matrix Lake Kariba stretches from the dam wall to the north and Mlibizi in Binga to the south. In the middle is where the jungle still teems with wildlife like ancient times....
View ArticleVolvo doubles job cuts as truck demand unlikely to expand
Frankfurt. – Volvo AB, the world’s second-biggest truckmaker, will more than double an administrative job-cut plan to 4 400 positions to meet a cost-savings target for 2015 amid limited prospects for...
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Sony retrenches 5 000, exits PC business
Sony President and CEO Kazuo Hirai speaks during a press briefing to announce the company’s financial results in Tokyo yesterday.TOKYO. — Sony warned yesterday it would book a US$1,08 billion annual...
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