Young Warriors lose

Grace Chingoma Sports Reporter
Zimbabwe…………………………………..0
Angola……………………………………(0)1
THE Young Warriors hopes of progressing to the last qualifying round of the African Under-20 Youth Championships suffered a huge blow when they failed to use home advantage and fell to Angola in a second round, first leg encounter at Rufaro yesterday.

DeMbare’s derby pay day

Eddie Chikamhi Sports Reporter
CHAMPIIONS Dynamos not only left the Rufaro with the bragging rights when they edged bitter rivals CAPS United in the 69th Premiership Harare derby on Saturday but they also smiled all the way to the bank with the biggest purse earned by any club so far this season after grossing a record-breaking US$135 000.

Smartphones spur Samsung to record US$4,5bn net profit

SEOUL. — South Korea’s Samsung Electronics last week posted a record net profit of 5,19 trillion won (US$4,53 billion) in the second quarter, powered by strong smartphone sales despite the global downturn.

TN Bank share price tumbles

Business Reporter
TN Bank’s share price dropped 37,5 percent to trade at US20c since its separate listing on the local bourse mid this month. The former TN Holding unit continues to recorrect post demerger after its initial listing price of US32,08c. The opening price was at par with what Econet Wireless Zimbabwe

OK Zim revenue surges

Bright Madera Senior Business Reporter
OK Zimbabwe Limited says revenue for the first quarter to June 30 2012 increased 31 percent to US$117 million from US$89 million recorded during the corresponding period last year.

World Bank hails Zim debt strategy

Martin Kadzere Senior Business Reporter
THE World Bank has commended Zimbabwe’s new strategy to retire its foreign debt, hinting that the Bretton Woods institution may reconsider funding some programmes, the bank’s country manager, Mr Mungai Lenneiye, said.

Apama road accident victims buried

Arts Correspondent
THE two members of popular dance group, Apama Styles School of Theatre Art, who died while on their way to an arts festival in Mozambique last week, have been buried. The two dancers — identified as Never Sibanda and Thenjiwe Ngwenya — died on the spot while their leader David Machowa

African achievements book launched

Entertainment Reporter
African achievements are being commemorated in a new Book of African Records published this week. In a speech at the launch, Youth Development, Indigenisation and Empowerment Minister Saviour Kasukuwere urged Zimbabweans to uphold the pan-African ideology and celebrate the beauty of

American writers to grace book fair

Richmore Tera Arts Correspondent
THE Zimbabwe International Book Fair, which opens today, promises to be bigger and better with some foreign writers showing interest in being part of the event. This afternoon, the book fete will receive a major boost when five American award-winning authors from the University of Iowa arrive in the

Editorial Comment: Continue investing in dam construction, irrigation

THE relocation of the nearly 4 000 families in Chivi district of Masvingo to pave way for the construction of the multi-million-dollar Tokwe-Murkosi Dam should be the last hurdle towards the completion of the dam first mooted in the 1920s. The project has experienced numerous hurdles, ranging from lack of financing to the refusal by families in the vicinity of the dam to be relocated.

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