adminZim expenditure biased towards consumption
Tawanda Musarurwa Business Reporter
ZIMBABWE’S expenditure for the first quarter has maintained a largely “onsumptive” trend. Figures from the Ministry of Finance show that cumulative expenditure for the first quarter amounted to US$721,21
Joina City now open to office tenants
Business Reporter
Office space in Joina City, Harare’s latest and most prestigious skyscraper, is now letting, according to Mr Adriaan Otto, general manager for JHI in Zimbabwe. A one-stop urban city, with 18 floors of offices
Firms urged to set up risk management systems
Business Reporter
ORGANISATIONS have been urged to adopt enterprise-wide risk management frameworks. The call was made by Academy of Private Security Studies (Pvt) Ltd managing director Dr Bobby Ndungu at a client
Gas discovered in Manicaland
Takunda Maodza
MOZAMBICAN authorities have stumbled on the existence of natural gas and coal deposits in Manicaland Province. Manicaland already boasts huge deposits of alluvial diamonds in Marange.
Greek exit an ugly reality for Europe
Prodigy Chinanga Money in Motion
A Greek exit from the euro area has the potential to be the European Union’s most economically and politically destructive event of a generation. Unfortunately, Europe has reached the point where it
Focus on a few manageable activities
Ben Chiganze Bassfisherman’s Approach
On Africa Day holiday our trio (Chris, Alan and me) was joined by Alister and he was richly endowed with fishing arsenal. He had about 50 appliers, 40 different packs of rubbers, 20 different types of
Firm to invest US$15m in gold mining
Business Reporters
INTERNATIONAL mining firm African Gemo Resources is set to invest up to US$15 million in gold mining and diamond trading in Zimbabwe after acquiring a 48 percent stake in local investment company
GPA principals for Angola
Takunda Maodza Senior Reporter
PRINCIPALS to the Global Political Agreement are heading to Angola after Sadc made last-minute changes to have a Troika meeting ahead of its Friday extraordinary summit.
Initially, the meeting was supposed to be an extraordinary summit for heads of state and government only.
Sources yesterday said the Organ on Politics, Defence and Security Co-operation, which is commonly known as the Troika, will review the political and security situation in Zimbabwe and Madagascar.
The Troika, which is chaired by South African President Jacob Zuma, comprises the leaders of Zambia, Mozambique and South Africa, and reports to full summit.
Munyukwi hearing put off
Martin Kadzere Senior Business Reporter
The hearing of Zimbabwe Stock Exchange chief executive Mr Emmanuel Munyukwi, facing several charges including incompetence, did not take place on Monday, as his lawyers are “not yet ready”.
Seed Co profit soars to US$19m
Bright Madera Senior Business Reporter
SEED CO profit for the 12 months to March 31 climbed 10 percent to US$19 million on the back of growth in volumes. The leading breeder and distributor of hybrid seed turned over US$118 million, a 20 percent