adminAssad must face the consequences: Annan
UNITED NATIONS — International envoy Kofi Annan expressed “horror” yesterday at the latest massacre in Syria and called for President Bashar al-Assad to face “consequences” for the worsening conflict.Annan told the UN General Assembly that the Syrian crisis was worsening and warned that without a
New bail hearing for Zimmerman
MIAMI — A Florida neighbourhood watch volunteer charged with second degree murder for shooting dead an unarmed black teenager will have a new bail hearing on June 29, court documents showed yesterday.A judge revoked George Zimmerman’s bail last week after prosecutors argued that he had misled the
Libyan talks spark outrage
TRIPOLI — A meeting in Cairo between former officials of Muammar Gaddafi’s regime and an envoy dispatched by Libya’s interim leader Mustafa Abdel Jalil has sparked widespread anger and demands for an explanation. “Abdel Jalil must explain the motives that prompted him to take this initiative withoutBrazilian firm to invest in Mozambique
MAPUTO — Brazilian mining company Vale will invest US$4 billion in the construction and rehabilitation of railway lines in Mozambique to boost its logistic system, state radio said on Wednesday. Vale engaged in coal exploration in Mozambique’s central Tete province aims to facilitate its production and export
Buy crop now, say cotton farmers
COTTON growers have urged Government to start buying the crop now, as further delays will result in huge losses. This follows an announcement by the Agricultural Marketing Authority that cotton has been declared a controlled product with immediate effect. This means Government will buy the entire crop.
Tobacco rakes in US$95m
Agriculture ReporterZIMBABWE has earned US$95,1 million from the exportation of 23,2 million kilogrammes of flue-cured tobacco to date. As at June 1, China topped the export market with South Africa, which has, been the
MIPF boss faces the axe
Martin Kadzere and Bright Madera
THE axe is hanging over Mining Industry Pension Fund chairman Mr James Maposa after an investigation found he was “unfit” to run the affairs of the US$122 million fund, Herald Business can
Zimplow eyes bigger stake in TPH
Bright Madera Senior Business Reporter
ZIMPLOW Limited is seeking to acquire the entire Reserve Bank of Zimbabwe stake in listed farm implements manufacturer Tractive Power Holdings. The acquisition is subject to shareholders’ approval
Mwana Africa seeks approval for rights issue
Business Reporter
MWANA Africa seeks to raise US$21 million for its local unit, Bindura Nickel Corporation, through a rights offer to restart operations at Trojan Mine, the company announced yesterday. BNC shareholders will be
Zim poised to clear AfDB arrears
Tawanda Musarurwa Business Reporter
ZIMBABWE’S arrears to the African Development Bank will be cleared under the Fragile States Facility, Reserve Bank of Zimbabwe Governor Dr Gideon Gono has said. The country owes the regional