adminPutin in Beijing for state visit
BEIJING — Russian President Vladimir Putin arrived in Beijing yesterday morning, kicking off a state visit to China.
Invited by his counterpart Chinese President Hu Jintao, Putin is paying a state visit to China from June 5-7. He will also attend the 12th Meeting of the Council of Heads of Member States of the Shanghai Co-operation Organisation, to be held in Beijing
China’s severe battle against cross-border drug trafficking
BEIJING — Law enforcement authorities yesterday warned of a “severe situation” in curbing cross-border drug smuggling, despite improved co-operation with the country’s neighbours. “Our country is fighting a tough battle against drugs due to continuous trafficking from foreign sources,” an unidentified official from the Ministry of Public Security said in a statement.Rate outlook, growth issues top ECB agenda
Prodigy Chinanga Money in Motion
THIS week sees the European Central Bank meet to outline their rate outlook and growth concern issues. Downside risk in growth and inflation warrant European Central Bank rate cuts. This means another swing for the euro and US dollar currency
African Sun-Dawn saga comes full circle
Bright Madera Corporate News
LAST week there was a flurry of activity on the Zimbabwe Stock Exchange with a number of shares swapping hands in deals running into several millions of dollars. Some of the notable deals concluded included the acquisition by African Sun
ZPC signs US$230m power deal
Bright Madera Senior Business Reporter
ZIMBABWE Power Company has signed a US$230 million Memorandum of Understanding with Indian power company Wapco Ltd to refurbish the country’s three thermal stations. In its newsletter, “Megawatt Bulletin” published yesterday, the power-
Zinara to probe road tenders
Acting Business Editor
The Zimbabwe National Road Administration says it plans to investigate tender invitations advertised by a number of rural district councils for the rehabilitation of roads. Zinara head of corporate communications Mr Augustine Moyo told Herald
OK earmarks US$16m for expansion
Golden Sibanda Senior Business Reporter
OK ZIMBABWE has earmarked US$16 million to expand its capacity and refurbish existing supermarkets this year, to meet growing demand and bring its outlets across the country to ultra-modern standards. The country’s biggest retailer by sales