adminKingdom seeks US$200m for recapitalisation
Bright Madera Senior Business Reporter
KINGDOM Financial Holdings Limited is seeking to raise US$200 million in debt capital and offshore lines of credit to further capitalise its operations. The capital will comprise US$50 million in debt through the
Masters of the universe
This week, The Arena is about bits and bytes on continental events. Egypt’s landmark elections after Hosni Mubarak’s ouster have come and gone, the first round, at least. The run-off sees Muslim Brotherhood’s Mohammed Mursi fighting it out with ex-Mubarak prime minister Ahmad Shafiq.Much as this election is a referendum on the Arab Spring, there are some issues that need clarification. One of them is a photograph published last week, showing former United States president Jimmy Carter assisting an Egyptian voter.
Setting the election agenda
In 2000, MDC was in its infancy and the party went into its maiden election race wielding nothing else but the slogan “Chinja!” — a rather vacuous, albeit populist, chant for a departure from the then 20-year rule of Zanu-PF.
This chant for undefined change was more of an “anything, but Zanu-PF” attraction for most of Zimbabwe’s urban voters, as the subsequent election result proved.
MDC itself had been launched as an expression of protest against Zanu-PF’s anti-labour and
Arts fraternity celebrates Muparutsa’s life
The event convened by Pamberi Trust a fortnight ago to celebrate the life and works of the late Walter Lambert Muparutsa turned out to be a most memorable show of appreciation of the late thespian’s contribution to the development of Zimbabwean theatre manifested on the stage, radio,
Umguza River polluters to appear before EMA
Temba Dube
COMPANIES involved in the pollution of Umguza River will soon appear before the Environmental Management Agency (EMA) board for stiffer penalties, which may include prison terms for their chief executive officers.
Zimra officer up for theft
Beitbridge Reporter
A Beitbridge-based Zimbabwe Revenue Authority (Zimra) officer appeared in court yesterday for allegedly stealing an impounded High Definition (HD) television set worth $500 from the State warehouse.
Moving towards gender imbalance
Emmanuel Ndlovu
Gender equality has become an issue of concern around the globe due to the influence by most feminist activists. They emerged with the aim of correcting gender imbalances that existed centuries ago in patriarchal societies where men dominated almost every facet of human life. In this contemporary society where women start to dominate the professional world, it seems that we are on a sure trajectory to become a matriarchal society.
Sadc to hold double troika meeting
Harare Bureau
PRINCIPALS to the Global Political Agreement are heading for Angola after Sadc made last minute changes to its Friday summit and decided to hold a double troika meeting in Luanda.
Initially, the Angola summit was supposed to be an extraordinary summit for heads of state and government only.
EDITORIAL COMMENT: Weed out bogus traditional healers
Fly-by-night traditional healers are wreaking havoc in communities around the country through literally extorting livestock from vulnerable villagers who are being herded to witch-hunting ceremonies and later forced to part with their livestock as fines.
Procurement board under fire
Leonard Ncube
THE State Procurement Board has come under fire from businesspeople and prospective bidders on allegations of corruptly awarding tenders to their “favoured” bidders.