adminLibya minister to protect investment in Zamtel
ADDIS ABABA. – Libya will do all it can to protect its 75 percent stake in Zamtel, the fixed-line telecoms firm in Zambia, whose government announced plans last week to seize Libya’s stake in the firm, Libyan Foreign Minister Ashour bin Khayyal said on
Japan’s Toshiba cuts forecast as profit dives 70 percent
TOKYO. – Japan’s Toshiba yesterday more than halved its net profit forecast for the year to March as it reported a 70 percent dive in nine-month earnings on a strong yen and weak digital product sales. Group net profit came to 12,1 billion yen (US$158 million) in the nine months to December, down 70 percent from a year earlier, and slipped into the red in the quarter ending
Banks set to double borrowing from ECB
PARIS. – European banks plan to borrow at least twice as much money from the European Central Bank this month as they did in December, the Financial Times reported yesterday, which would bring the sum to around one trillion euros (US$1,32 trillion).
“Several of the eurozone’s biggest banks told the Financial Times that they could double or triple their request for funds” when
Shares row: Interfin appeal thrown out
Daniel Nemukuyu Senior Reporter
THE Supreme Court has struck off the roll an appeal by Interfin Securities Limited against a High Court judgment that compelled it to release six million AICO Africa Limited shares worth US$1,2 million to a Harare businessman. The development
CFI posts US$6 million loss
Business Reporter
CFI Holdings turnover for the year to September 2011 grew by 34 percent to US$98 million, but the growth was not enough to prevent the group plunging into a US$5,5 million loss. The agro-focused concern said the growth in volumes came on the
Agribank turns the corner
Golden Sibanda Senior Business Reporter
AGRIBANK has managed to free itself from the financial quagmire that has been weighing down on its operations and is poised to report a profit for the first time since dollarisation. Managing director Mr Sam Malaba told journalists at a Press
Zim urban groovers shine in SA
Entertainment Reporter
Urban groovers have positioned themselves as a formidable force to reckon with regionally and internationally with a young group called Multi-Personality. Multi-Personality, better known as Multi-P, is the latest to set up a base in South Africa where they
Praise God with any genre of music
Edgar Moyana Christian Entertainment
Last week, I was reading with interest a letter to the editor by one Herald reader who wrote saying there was no relationship between hip-hop music and the gospel, arguing that the genre is ungodly. The reader was writing in response to an article
Munodawafa, Artisan Studios playing cat and mouse
Jairos Saunyama Arts Correspondent
Talented gospel musician and keyboard wizard Munyaradzi Munodawafa is playing cat and mouse with his recording stable Artisan Studios after the latter delayed releasing of his eight-track album titled “Zvava Nezodzo”. The album was scheduled for
Harare nightlife reloaded!
Ruth Butaumocho Entertainment Editor
Harare socialites have adopted a new clubbing trend that is fast sweeping across the entertainment sector. With only a month into the New Year, the entertainment scene has given birth to an array of clubs, all claiming to be catering for different tastes