adminEmirates Airlines in bid to promote UNWTO conference
Emirates Airlines has approached the Zimbabwean and Zambian authorities with a proposal to partner the governments to market the forthcoming United Nations World Tourism Organisation Ordinary Sessions of the General Assembly to be held next year.
Ghana nets US$144m from gold
ACCRA. — Ghana has generated a whopping US$114 million in foreign exchange from the export of gold, diamond and sales of jewellery, a senior business executive has said.BoE in bid to boost UK economy
LONDON. — The Bank of England began a two-day monetary policy meeting here yesterday that was widely expected to result in more stimulus to boost Britain’s recession-hit economy.Nigeria, SA trade volume tops US$30bn
LAGOS. — The South African High Commissioner to Nigeria, Mr Kingsley Mamabolo, has revealed that the trade volume between Nigeria and South Africa has increased significantly to US$30 billion.Italy deficit up
ROME. — Italy’s deficit rose to 8,0 percent of gross domestic product in the first quarter of this year due to lower tax revenues and higher interest payments on debt, official data showed yesterday.Chery Auto exports surge
HEFEI. — Chery Automobile Co. said yesterday that its exports for both May and June exceeded 20 000 units, marking a new stage for the company’s overseas expansion.Former IMF head in the dock
MADRID. — A Spanish court yesterday brought charges against Rodrigo Rato, former head of the International Monetary Fund, over alleged corruption in the spectacular failure of Spanish lender Bankia.Parastatals burdensome: Report
Martin KadzereSenior Business Reporter
GOVERNMENT needs to sell loss-making parastatals to reduce pressure on the fiscus and create space for debt settlements, says a research report.
A report by a private research company, MMC Capital, said the Government should expand its revenue base through formalising the informal sector and leveraging on minerals.
Milk production up 7pc
Milk production in Zimbabwe increased by 7 percent last year as most farmers intensified production while new ones joined the industry.Agriculture, Mechanisation and Irrigation Development chief dairy officer Mrs Tendai Marecha said milk production rose from 47 million litres in 2010 to 50,6 million last year.
Govt completes crafting new energy policy
The Government has finished crafting a new energy policy that seeks to map out strategies to address challenges afflicting the sector, a Cabinet minister has said.Energy and Power Development Minister Elton Mangoma said the new policy would be launched soon.