adminOvernight explosions heard in Nigeria’s Kano
Explosions and gunfire were reported early yesterday from an area near a police station in the northern Nigerian city of Kano, where co-ordinated attacks and gun battles last week killed about 178 people. The AFP news agency reported early yesterday that its correspondent heard a series of blasts and gunshots coming from an area where a mobile police
Companies must use $40m fund wisely
WE welcome the release of the $40 million by the Government earmarked for struggling companies in Bulawayo under the Distressed Industries and Marginalised Areas Fund (Dimaf). While $40 million might not be a lot of money given the requirements of industry in the city, we believe this is a good start and underlines Government’s commitment to reviving
Interfin issues $7m agro-bills
Business Reporter
INTERFIN Bank and a fertiliser-manufacturing firm, Nico-Orgo, have issued $7 million agro-bills to support the 2012/13 agricultural season. The agro-bills, whose tenure is 365 days, were offered mid this month with special features that include a
ZEC active all year round
By Limukani Ncube
To many people, the Zimbabwe Electoral Commission (ZEC) comes to mind when elections are approaching, but the organisation is operational all year round. There are many people who have been asking themselves what the staff at ZEC
Mauritius’ AfrAsia set to invest $9,5m in Kingdon
Business Reporter
A Mauritian banking group, AfrAsia, is set to take a 35 percent stake in Kingdom Financial Holdings after investing $9,5 million in the financial institution. KFHL is seeking $25 million to racapitalise the group. Last year, the group developed a model to
Biti feeds white farmers false hope
By Honai Chopera
IN SEPTEMBER last year, I read a seemingly innocuous article about a constituency meeting held by Finance Minister Tendai Biti in the affluent Borrowdale suburb.Among his audience was a white commercial farmer who asked about progress
Indigenisation board begins preps to establish regional offices
Business Reporter
THE National Indigenisation and Economic Empowerment Board (NIEEB) has started mobilising resources to establish regional offices in all the provinces of the country. The setting up of regional offices is part of efforts to ensure the Indigenisation and
Mining fees set to go up
Harare Bureau
GOVERNMENT is proposing hefty registration, rental and licence fees for mining activities. Mines and Mining Development Permanent Secretary, Mr Prince Mupazviriho, confirmed that new fees will be announced soon. He, however, declined to
Businessman sentenced 10 years for fraud
Court Reporter
A Bulawayo businessman who defrauded a man of more than $22 000 in a deal involving soya beans and maize was yesterday sentenced to 10 years in jail. Elliot Batsiri (42), of 409/2 Old Magwegwe pleaded not guilty to two counts of fraud but was
MLF activists’ bail reinstated
Court Reporter
THE three members of Mthwakazi Liberation Front (MLF) who are facing treason charges, were on Monday once again granted their freedom when their bail was reinstated. MLF is a pressure group-cum-political party calling for the separation of