adminInterest in Kenya’s oilfields growing
NAIROBI. — Kenya is drawing global interest into its potential oilfields in the country’s northeastern dry lands.
A multinational company, Pan-continental Oil and Gas, has announced plans to raise cash in the Australian market to boost its exploration activities in Kenya. The company, listed on the Australian Securities Exchange, says it will raise up to Sh4 billion
Spain plunges back into recession
MADRID. — Spain’s jobs-scarce economy plunged back into recession in the first quarter of 2012 as employment slumped even further, the Bank of Spain said Monday. Barely two years after emerging from the last downturn, Spain slid into recession again with two consecutive quarters of economic contraction, the central bank said in a report. Gross domestic product fell by an
Brother accuses Samsung boss of being greedy
SEOUL. — The elder brother of Samsung Electronics chairman Lee Kun-Hee said yesterday he would not drop his lawsuit over a family inheritance and accused his sibling — South Korea’s richest man — of being greedy. “Kun-Hee has aggravated a discord among brothers, always taking care of his own gain,” Lee Maeng-Hee (80), said in a statement released through his lawyer,
‘21st century businesses need innovative leaders’ address global autonomy issue
Stellenbosch (South Africa). — Twenty-first century businesses are lacking innovative leaders who have the capability to achieve long-term growth. This is the view of Dr Richard Straub, president of the Mr Peter Drucker Society Europe who recently spoke at the University of Stellenbosch Business School’s (USB) Leader’s Angle. “The time for a management revolution has come to
Defence policy vital for indigenisation, says Mnangagwa
Ruramai Gatsi Business Correspondent
DEFENCE Minister Emmerson Mnangagwa says Zimbabwe’s defence policy is vital in promoting a sustainable national socio-economic development in the country as it stabilises industry and eliminates chances of internal economic sabotage.
Corporate ethics: An emerging global standard
Bradwell Mhonderwa Business Ethics
WHEN company leaders have a clear understanding of the relationship between ethics and other performance metrics in the organisation, it becomes imperative for them to reveal this connection to all company stakeholders by embedding ethics
Boy crushed by tractor lives to tell the tale
A boy of five had a miracle escape after he was crushed under the wheel of a tractor but escaped without breaking a single bone. Leo Cope was out for a ride on his scooter, with his father following closely behind, but the fun came to an end as Leo tried to cross the road just as a tractor drove by. His father Tony could only watch in horror as the boy was dragged under theThirteen horses in Castle Tankard race
Takudzwa Chitsiga Sports ReporterTHIRTEEN horses entered the final acceptance event of this year’s edition of the Castle Tankard race set for May 5 at Borrowdale. Lisa Harris stable will, as usual, have the biggest entries in the big race with a US$50 000 purse. The stable has
Another rugby fiesta in Zimbabwe
Paul Munyuki Sports Reporter
ZIMBABWE is set top host the Junior Africa Cup for the second time in a row. Local organising committee chairman Aaron Jani believes this is a seal of approval by the organisers on the way they staged the tourney last year. Having hosted the
Local golf dead
Takudzwa Chitsiga Sports Reporter
THE Golden Pilsener Zimbabwe Open came and went with seven local golfers making it to the last two rounds of the tournament but, as has become the case of late, it turned into a playground for the South Africans. The premier golf