admin‘BAZ committed to Zim’s development’
Barclays Bank Zimbabwe managing director Mr George Guvamatanga was recently elected president of the Bankers Association of Zimbabwe at a time when there is a raging debate over the indigenisation of the financial services sector. Herald Business Acting Editor Fanuel Kangondo caught
Zim to host mining expo
Business Reporter
ZIMBABWE will next month host the Mining, Tools and Plant Equipment Expo and Conference 2012, designed to showcase the latest technologies in equipment for the mining sector. Project manager for
Domestic workers’ employment agency launched
Business Reporter
THE Young Women’s Christian Association has launched a new domestic workers’ agency that is expected to benefit both employers and employees in the sector. YWCA is a global network of women
Flue-cured tobacco exports earn US$95m
Elita Chikwati
ZIMBABWE has so far earned US$95,1 million from the export of 23,2 million kilogrammes of flue-cured tobacco since February this year. As at June 1, China was the leading consumer of local tobacco followed
Cambria records US$15m loss
Business Reporter
ZIMBABWE’s focused investment firm, Cambria Africa Limited, plunged to US$15 million loss in the interim to February 2012 weighed down largely by write-offs following a review of asset values. The
Harare route excites Air Namibia
Business Reporter
AIR Namibia is optimistic about the growth prospects in terms of passengers on the Windhoek-Harare route, which it re-introduced mid last month after 13 years. The airline is using a 37-seater
Barclays complies with indigenisation law
Fanuel Kangondo Acting Business Editor
Barclays Bank Zimbabwe is working on an indigenisation proposal that will effectively transfer the majority ownership of the British-owned bank to locals, officials have said. Following a meeting on
Zimbabwe Alloys secures US$60 million loan
Business Reporter
ZIMBABWE Alloys Ltd, the country’s second largest ferrochrome producer, has secured US$60 million loan from Global Emerging Markets to rebuild its three furnaces, an official said yesterday. The reconstruction
Zim gets US$11m ACBF grants
Bright Madera Senior Business Reporter
THE Africa Capacity Building Foundation yesterday advanced US$10,8 million in grants to Zimbabwe for various capacity development programmes. South Sudan also received US$2,25 million from the
Elections and nation’s stability
Albert NhamoyebondePoliticians put themselves up for election in order to exercise power to control the levers of the State or just to control the apparatus of State governance. What then happens when a revolution has taken