Potraz okays mobile phone tariffs

Business Reporter
THE Postal and Telecommunications Regulation Authority of Zimbabwe says there is no need for a downward review of charges being levied by mobile telecommunications service providers on their clients. This was revealed in a feedback report that was

Inflation declines

Business Reporter
ZIMBABWE’S headline consumer inflation declined by 0,3 percent to 4 percent in March. At 4 percent it remains one of the lowest in the Southern Africa region. The year-on-year inflation rate declined 0,3 percent from the February rate of 4,3 percent,

Improve exporters’ incentives, ZimTrade tells Govt

Tawanda Musarurwa Business Reporter
ZIMTRADE has called upon the Government to improve on trade incentives for local manufacturers. ZimTrade chief executive officer Ms Sithembile Pilime told a recent ZimTrade Exporters Conference that the Government needed to offer regionally

Local firm courts Austrian investor

Business Reporter
A local company has entered into a partnership with an Austrian pipe manufacturing firm, Hobas Pipe System, to establish a U$50 million plant in the country this year. The local firm, Dzinza Rangu Holdings, specialises in the marketing and distribution

Let’s turn our abundant sunshine into energy

The sun provides a huge amount of energy and this energy is fully renewable, free and available approximately six to eight hours per day. The sun does not have to be shining fully to provide this light energy and can still generate power on cloudy days. In Zimbabwe, we have an abundance of good quality sunshine throughout most of the year and this can be utilised as

Teamwork key to success in business

Bright Madera Corporate News
IT is good to be back from my month-long vacation and I hope I find you all in good health. I had gone to recharge my batteries and I now feel rejuvenated and fresh.  I say bravo to my colleague Golden Sibanda who was holding fort during my

Kim elected new WB president

NEW YORK. — The World Bank’s new president, Jim Yong Kim, has said that capitalist “market-based growth is a priority for every single country”. In an interview with the BBC, Dr Kim said that was the best way to create jobs and lift people out of

Gold demand to surge on debt crisis

THE debt crisis that has shaken the foundation of economies in Europe might soon explode just like the housing crisis that hit the world markets in 2008. Governments, corporates and investors are likely to turn to gold to protect their savings and balance sheets if that happens. A Canadian-based gold icon sees significant gains in gold ahead, the CEO of Goldcorp Rob

Fitch maintains Austria’s AAA rating

The international ratings agency Fitch maintained Austria’s triple-A credit rating with a stable outlook yesterday, citing a strong economy and a history of sound economic policy. It was good news for Austria, which lost its prized AAA-rating from Standard and Poor’s in January and was threatened by a downgrade from Moody’s in February. Fitch justified its decision by highlighting

IMF chief calls for US$400bn in funding

FRANKFURT. — The head of the International Monetary Fund urged members yesterday to lend more than US$400 billion to the global body ahead of a crunch meeting to debate crisis financing. Asked by German daily Frankfurter Allgemeine Zeitung how much the IMF would need in additional firepower should more eurozone countries require a bailout, Christine Lagarde said:

×
×