adminZim investment approvals up 4pc
The Zimbabwe Investment Authority approved projects worth US$152,7 million in the first quarter of 2012, up 4 percent compared to the same period last year. In the first quarter of 2011, the authority approved projects worth US$146,5 million. Statistics provided by ZIA, however, showed that the number
Telecel subscriber base up
Mobile phone service provider Telecel Zimbabwe has said its active subscriber base grew by 300 000 during the first quarter of 2012, contrary to recent reports that suggested a decline. Postal and Telecommunications Regulatory Authority of Zimbabwe statistics for the period under review suggested
Families grieve after plane slams into bus
ACCRA — Grieving family members gathered at a morgue in Ghana’s capital Accra yesterday after a cargo plane overshot an airport runway and crashed into a passenger bus, killing at least 10 people.The four crew members from the Boeing 727 Allied Air cargo plane survived Saturday night’s accident,
Queen Elizabeth boards barge for diamond jubilee
LONDON — Britain’s Queen Elizabeth II boarded a ceremonial barge for a 1 000-boat river pageant on the Thames yesterday in the set-piece of her diamond jubilee celebrations. The queen, dressed in a white hat and a silver and white coat, was ferried to the barge on the launch of the now-decommissionedAssad ‘fears real war’
DAMASCUS — Syria’s president announced his country is facing a “real war” and blamed terrorists and outside forces for the violence. The defiant speech comes a day after the UN special envoy warned that the spectre of all-out civil war grows daily in Syria. Speaking to the newly-elected parliament in his firstProtests sweep Egypt
CAIRO — Hundreds of Egyptians occupied Cairo’s Tahrir Square yesterday after a night of rage as the state prosecutor said he would appeal sentences handed down to Hosni Mubarak and his security chiefs.A judge sentenced Mubarak (84), and his interior minister Habib al-Adly to life in prison on Saturday for
Kasukuwere summons bankers
Business Reporter
Youth Development, Indigenisation and Empowerment Minister Saviour Kasukuwere has summoned Bankers’ Association of Zimbabwe president and Barclays Bank managing director Mr George
Zimbabwe invited to China-Africa business conference
The Zimbabwe business community has been invited to participate at the fourth session Forum of China-Africa Co-operation slated for Beijing from July 18 to 19. The China Council for Promotion of Trade and the Chinese Ministry of Commerce will co-host the event, aimed at promoting co-operation as
Zimplow eyes Tractive Power takeover
Business Reporter
ZIMPLOW has acquired a 16 percent stake in Tractive Power for US$3 million as the manufacturer of ploughs and agricultural implements eyes a controlling stake in the maker of farm machinery. The deal
Govt to clear US$15m Seed Co debt
Business Reporter
THE Government of Zimbabwe is expected to clear its US$15 million debt to Seed Co for seed purchases under its input scheme programme this year. Zambia also owes the Zimbabwean seed breeder and distributor US$7 million for seed purchased but the neighbouring country is yet to come up with a