adminTourist arrivals rise by 11 percent
By Africa Moyo
THE country’s tourism sector, which has been steadily recovering after a decade of decline, recorded an 11 percent increase in tourist arrivals last year compared to 2009 on the back of vigorous marketing campaigns and the 2010 soccer World Cup held in South Africa, a report has revealed.
Small miners need US$10m
By Darlington Musarurwa
SMALL and medium-scale gold miners need an estimated US$10 million in the interim to breathe life into the ailing sector as the continued illiquid conditions on the domestic financial markets continue to take their toll.
Telecel on indigenisation, licence
Telecel Zimbabwe has of late been fingered in many alleged malpractices and breach of corporate governance over diverse issues ranging from the employment of foreigners and its indigenisation plans.
Firm to launch credit bureau
By Darlington Musarurwa
LOCAL firm Spectip Investments will this week launch a credit bureau, Spectic Credit Bureau, marking the first step towards providing a platform where players in the financial services sector and retailers check credit ratings of borrowers.
Outcry over Natpharm US$2,5m latex tender
By Augustine Moyo
THERE is an outcry in the market over a US$2,5 million tender by the National Pharmaceutical Company of Zimbabwe (Natpharm) for the supply of 500 000 boxes of latex gloves, which closed a fortnight ago.
High Court dismisses Zitac application
By Business Reporters
THE High Court of Zimbabwe last week dismissed a chamber application by Zimbabwe Industry Tobacco Auction Centre (Zitac) to rescind a provisional liquidation order which was granted by the same court last month.
Chombo not interested in buying Lobels
Business Reporter
Minister of Local Government, Rural and Urban Development Dr Ignatius Chombo has denied expressing an interest to buy bread making concern Lobels for US$5 million as reported by this paper last month.
History and Evolution of the Enterprise in Zimbabwe and Southern Africa
This is Part 1 of a paper that was presented by former Zimbawe Ambassador to China Chris Mutsvangwa to the academic and foreign relations institutions in China under the auspices of the Southern Africa Research and Documentation Centre headed by Ms Phyllis Johnson.
SMEs seek US$15 million
By Prince Mushawevato
THE Ministry of Small and Medium Enterprises Co-operative Development requires US$15 million to boost operations in the sector.
Agribank bounces back
By Africa Moyo
THE Agriculture Development Bank of Zimbabwe (Agribank) is set to reclaim its position as the preferred financier of agro-industries and farmers following a major boost to its balance sheet after obtaining a six-year loan facility worth US$30 million from the Industrial Development Corporation (IDC) of South Africa.