adminAfDB 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 infrastructureSadc creates mechanism to boost development
Joseph NgwawiSouthern 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
Eurozone woes distress markets
Prodigy Chinanga Money in MotionVOLATILITY 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
Zim youth leader scoops top global award
Business ReporterZimbabwean 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,
ZSE industrial index slips
Martin Kadzere Senior Business ReporterTHE 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
‘Cash drought’ dogs firms
Martin Kadzere Corporate NewsDuring the decade from 1999 to 2009, Zimbabwe’s economy suffered a massive decline due to pervasive economic challenges. The country witnessed galloping inflation, which at the last official count in July 2008 reached 231 million percent. This inflation rate destroyed all the economic
Who has got the Midas touch?
Business ReporterMOTOR parts experts from across Zimbabwe will take part in the Zim-Midas Parts Challenge regional tests this week, which will culminate in national finals, scheduled for the end of September. Zim-Midas Parts Centres have already launched the search for Zimbabwe’s parts person the year for
Emirates offers discounted hotel package
Business ReporterEMIRATES has introduced a package that will guarantee its passengers from Harare and other destinations exclusive savings at premium hotels in Dubai when booking via the Emirates website before September 10, 2012. According to the airline, the offer is applicable to holidaymakers travelling
CZI manufacturing questionnaires ready
Business Reporter
THE Confederation of Zimbabwe Industries will send out questionnaires for its annual industrial manufacturing survey this month. The questionnaires had initially been expected to be sent out in July before the deployment was brought forward to this month. The questionnaires are critical in that they
Potraz invites bids for new base stations
The Postal and Telecommunications Regulatory Authority of Zimbabwe has opened tenders for the construction of base stations under the US$24 million Universal Services Fund (USF) second phase project. The regulator announced recently that it would construct 43 new base stations to spread