Nigerian CDMA operators plan merger

LAGOS. — Three Nigerian Code Division Multiple Operators (CDMA) operators, Multilinks, Starcomms and MTS are currently wrapping up a merger arrangements that would produce a mega CDMA network in the country. An impeccable source who is privy to the merger arrangement but wished to

Barclays, Absa to combine African operations

JOHANNESBURG. — Barclays Bank and its subsidiary, Absa, say they are engaged in negotiations to combine the majority of the Barclays Africa operations. Maria Ramos, chief executive of Absa Group and Barclays Africa, confirms the discussions, saying the proposed combination is the next

Managing veld fires

What are veld fires?
These are blazes that get out of control and become wild, and in the process destroy extensive tracts of forests, grasslands, animals, people and

‘Come on CAPS United!’

Robson Sharuko Senior Sports Editor
SEAN CONNOR’S parting words with CAPS United directors, as he embarked on his journey back home yesterday, was a battle cry for the Green Machine to turn around their bleak season with one final act of defiance in the 60th edition of the Harare Derby on Sunday. The showdown will be

ZSE industrial index slips

Martin Kadzere Senior Business Reporter
THE Zimbabwe Stock Exchange industrial index fell yesterday on losses in selected heavyweight stocks while the mining index remained flat.
After trades, the industrial index was down 0,84 percent at 132,69 points. The mining index was steady for the sixth consecutive day at 89,04 points

Zim youth leader scoops top global award

Business Reporter
Zimbabwean youth leader Precious Simba was last week named as one of the three winners of the Goldman Sachs & Fortune Global Women Leaders award. According to ZimPAS, she will receive the award at the Fortune Most Powerful Women summit scheduled for October 2 in Laguna Niguel,

Eurozone woes distress markets

Prodigy Chinanga Money in Motion
VOLATILITY in traditional markets like currency market has pushed investors to look for alternative asset classes like gold, wine, diamonds and art. In the currency market we could see a correction in the euro in its trade with the United States dollar to around 1,2250. The euro-dollar pair is

Sadc creates mechanism to boost development

Joseph Ngwawi
Southern Africa is taking steps to accelerate investment in infrastructure, considered one of the key facilitators of regional integration. The Council of Ministers of the Southern African Development Community has approved the setting up of a long-awaited Regional Development Fund, one of

Tough times hit platinum industry

JOHANNESBURG. — South Africa’s deadly platinum mine strike exposed deep-rooted labour troubles in an industry already buckling under soaring production costs and depressed demand for the metal. The illegal strike that started on August 10 left 10 dead in battles between members of

AfDB moots infrastructure bond for Africa

The African Development Bank (AfDB) last week recommended that Sadc countries set aside 5 percent of their monetary reserves to establish an infrastructure bond. He said the 5 percent investment would add up to US$22 billion, and this could be used to finance construction of infrastructure

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