adminLocals acquire stake in Blanket Mine
Tawanda Musarurwa Business Reporter
Blanket Mine has disposed of a 15 percent stake to a consortium of local investors, Flemiro Investments, for US$11 million as part of its indigenisation compliance implementation plan. The Indigenisation and Economic Empowerment (General)
Zim economy on recovery path: AfDB
From Victoria Ruzvidzo in Addis Ababa, Ethiopia
THE African Development Bank has said Zimbabwe’s economy is now on a firm recovery path. The bank’s president, Mr Donald Kaberuka, said although the economy had suffered setbacks in the last decade, it was now in resurgence, adding
ATA congress attracts 400 delegates
Isdore Guvamombe
THE 37th edition of the Africa Travel Association (ATA) congress, scheduled for Victoria Falls from May 17 to 22 has been oversubscribed with almost 400 delegates and 16 government ministers confirming their participation. Vice President Joice
Throw weight behind local motor industry
Robert Muganda Buy Zimbabwe
THIS week I bring a good tiding which is of interest to Mazda 3 and motoring enthusiasts across Zimbabwe. The sleek Mazda 3 is back in production after Willowvale Mazda Motor Industries suspended its production sometime last year.
Emirates Group posts US$629m profit
DUBAI. — THE Emirates Group has posted a net profit of US$629 million for the 2011/12 financial year buoyed by its subsidiary Dnata which posted its highest ever profit in 52 years of operation. Dnata’s revenue amounted to US$1,9 billion while its overall profit was US$220 million. During the year, dnata’s operating costs increased by 58,9 percent to US$1,7 billion, primarily
Guvamatanga elected BAZ boss
Business Reporter
BARCLAYS Bank of Zimbabwe managing director Mr George Guvamatanga has been elected Bankers’ Association of Zimbabwe president. Mr Guvamatanga was chosen at the association’s annual general meeting last month, taking over from Mr John
WEF calls for Africa to maintain growth momentum
From Victoria Ruzvidzo in Addis Ababa, Ethiopia
THE 22nd World Economic Forum on Africa began here yesterday with calls for Africa to maintain the growth momentum and the transformation that has revamped the continent’s landscape over the last few years. More than 700 delegates including
There’s more to Ngezi than just platinum
Isdore Guvamombe Tourism Matrix
HIPPOS flop together, male rivalry heating up in bloody territorial fights and the vanquished male is forced to lurk hapless on the open plain until it gathers sufficient confidence to mount another challenge. Squadrons of banded mongoose dart between
‘Media can help defuse pensions stand-off’
THERE is a general perception that insurance companies are arm-twisting media houses into suppressing the pension crisis and questions have been raised why the pension crisis has not been resolved? Herald Business (HB) caught up with Mr Martin Tarusenga (MT), the general manager of the Zimbabwe Pension and Insurance Rights Trust, to discuss the issues.
Power deal for winter wheat farmers
From Martin Kadzere in Victoria Falls
ZESA Holdings has dedicated a minimum of three days per week of uninterrupted power supplies to wheat farmers in a bid to meet the Government’s set target of 75 000 tonnes, spokesperson Mr Fullard Gwasira has said. Winter wheat is grown under