adminManufacturing gets lion’s share of bank credit
Tawanda Musarurwa Business Reporter
THE manufacturing sector took up the majority of bank financing that was lent to the private sector last year, which reflected a significant upturn during the period. Statistics contained in the recently announced Monetary Policy Statement show that
AfrAsia Bank to invest US$16,5m in Sadc, Comesa
Business Reporter
MAURITIUS-based AfrAsia Bank, which recently acquired 35 percent of Kingdom Financial Holdings Limited, has
raised US$16,5 million for further expansion into the Sadc and Comesa regions with particular focus on Zimbabwe and
Zesa in bid to increase miners’ tariffs
Power utility Zesa Holdings has applied for permission to increase tariffs for its ring-fenced consumers, an official said on Monday. Last year the utility entered into an agreement with the country’s 22 major miners for an uninterrupted cumulative 108 megawatts of power to minimise production disruptions in exchange for a higher tariff. Kadoma Paper Mills also benefited from
Surviving competitive scare in business
Ben Chiganze Bassfisherman’s Approach
MY friends Alister, Chris and I went fishing at an irrigation farm in Carolina Wilderness a few days after heavy rains pounded Harare and it environs. The irrigation dam in Carolina Wilderness is our favourite dam. Lake Chivero is within its proximity.
Govt helps quell Innscor feud
Business Reporter
GOVERNMENT has stepped in to prevent a bruising showdown between Innscor Africa Fast Foods and workers formerly employed under its franchised Total Zimbabwe dealership. Innscor had recently been embroiled in wrangle over benefits
RBZ commends plans to establish Credit Reference Bureau
Pauline Mhuka Business Reporter
The Reserve Bank of Zimbabwe has commended Government’s plans to establish a Credit Reference Bureau as the spectre of default on payments increases. RBZ Governor Dr Gideon Gono made the remark during his presentation of the 2012 Monetary
Rand rebounds, remains bullish
Prodigy Chinanga Money in Motion
The rand strengthened on renewed hopes for Greece after German Chancellor Angela Merkel reiterated that the European Union will fully support the troubled country despite it failing to beat the deadline on another bailout package. The South
Role of traditional leaders in natural resources management
Introduction
Traditional leaders (chiefs, headman and village heads) have always played a pivotal role in environmental protection since time immemorial. Their role today seems to be waning and this article intends to revive the crucial role played by traditional
Rand takes a break as Greece deal stutters
Johannesburg. – The rand’s resurgence took a breather yesterday when it weakened almost 2 percent against the dollar as Greek leaders struggled to reach an agreement on severe spending cuts in order to get aid and avoid a bond default. The JSE, which has been reaching record highs over the past week, tracked both US and European shares lower. “The Greeks are faced by a
Miners weigh down FTSE
LONDON. – Miners led Britain’s FTSE 100 lower early yesterday after Glencore’s merger with Xstrata received a mixed reaction and investors hung on for a resolution to the Greek debt deal. London’s blue chip index was down 4,93 points or 0,1 percent at 5 887,27 by 0849 GMT, hovering around six-month highs after the index added about 3 percent in the previous