adminNGOs call for wealth fund
Peter Matambanadzo
Non-Governmental organisations in Zimbabwe have called on Government to urgently establish a Sovereign Wealth Fund as back-up when diamonds have been exhausted. Dr Cephas Zinhumwe, the chief executive officer of the National Association of
Tighten IT platforms, Ghana banks told
ACCRA. — Banks and financial institutions in Ghana must secure their IT platforms to prevent hackers from hitting into their systems aimed at defrauding them, a senior official has said. Kofi Annan Information Communication Technology Centre’s chief executive officer, Dorothy Gordon, said cases of cybercrime, mainly targeting financial institutions were on the increase
Editorial Comment: Mimosa’s expert handling of emergency laudable
The rescue of 178 miners trapped when fire broke out at Mimosa Platinum Mine on Tuesday shows how things can go right in Zimbabwe when people think and act sensibly. Mining is inherently dangerous. Men are working underground where carve-ins, sudden pockets of water or gas, or, as in this case, fires in machinery are an ever-lurking set of perils. No one can
Outstanding women honoured
More Tirivashoma Business Reporter
Women’s Affairs, Gender and Community Development Minister Olivia Muchena was yesterday among the outstanding women honoured at the inaugural Professional Women Executives and Business Women’s Forum in Harare. She received the Gender
Aico US$50m rights issue put on hold
Business Reporter
AICO Africa Ltd will pursue other recapitalisation options in the last quarter of the year after shareholders refused to support the US$50 million rights issue last year, chief executive Mr Patt Devenish has said. He said the fund-raising initiative was put
Stand out from the crowd
Zachary Aldwyn Milkshake in the Boardroom
I had another article all written up and ready to launch but when I opened my email to send it out I came across a brilliant little letter from cdbaby.com where I had recently purchased music online. The purpose of the email was to tell me where to go if I had any problems with the download. It could have easily read: Dear Sir/Madam, Thank you for your purchase. If you have any
Growth prospects positive
Bright Madera Senior Business Reporter
ECONOMIC growth is expected to accelerate in the next five years, buoyed by an upsurge in resource exports and increased foreign direct investment. Imara chief executive Mr John Legat told investors at the ongoing Imara investment conference on
Cede part of stake to workers, insurance firms urged
Business Reporter
THE Insurance Employees’ Union of Zimbabwe has joined Government’s empowerment drive by calling on insurance companies to cede part of their shareholding to their employees. In terms of the Indigenisation and Economic Empowerment Act, all
Kingdom launches ZSE Tracker Fund
Business Reporter
KINGDOM Asset Management (Pvt) Ltd has launched the Zimbabwe Stock Exchange Tracker Fund. KAM is a subsidiary of Kingdom Financial Holdings Ltd (Zimbabwe). The fund is an open-ended, unit trust that is expected to track the performance of
China economic slowdown to affect Africa
JOHANNESBURG. — An economic deceleration in China may have profound negative effects on the commodities driven economy, mainly Africa. This is according to China-based Standard Bank economist Jeremy Stevens, in South Africa to address clients and investors on economic developments in the world’s second-biggest economy. “Right now, Africa should be very