adminSecond oil pipeline for Zim
GOVERNMENT will soon construct a new oil pipeline from Savana, Mozambique, to augment the capacity of the existing pipeline system, a Cabinet minister has said. Energy and Power Development Minister Elton Mangoma said plans were afoot to build a second pipeline with the involvement ofEcobank returns to profitability
Business ReporterECOBANK Zimbabwe recorded a 55 percent increase in net interest income to US$2,1 million during the six months to June 30, 2012. This was an improvement in the performance for the bank. The bank’s net revenues grew by 164 percent off a low base to US$5 million, outpacing increases in
Mining Indaba to boost FDI
Business Reporter
THE 2012 edition of the Mining Indaba will be held in Harare from September 12 and 14 and will focus on efforts to boost foreign direct investment in mining. According to the Chamber of Mines, the mining industry requires US$5 billion to recapitalise over the next five years. With most firms in the
ZABG posts US$3,8m profit
Business Reporter
ZABG Group posted a total comprehensive profit of US$3,8 million for the six months to June 31, 2012 up from US$2,1 million during the same period last year. The group’s total comprehensive profit was lifted by other comprehensive income net of taxes which totalled US$4,9 million in the
Nedbank chief to visit Zim
Business Reporter
Nedbank chief executive Mr Mike Brown is expected to visit the country on Monday next week. Nedbank is the majority shareholder in a local commercial bank, the Merchant Bank of Central Africa. MBCA spokesperson Ms Dedrey Mutimutema said this would be Mr Brown’s third visit to the
Marikana mine: 3 minutes of horror
KATSHA-A! katsha-a! katsha-a! katsha-a! Last Thursday, the sound of the FN or whatever assault rifle went on and on, amid shouts and screams, and in three or four minutes dozens of people lay on the ground, dead, and others injured. The body count was 34 dead and 78 miners injured. AAfricom offers best of both worlds
Tonderai Rutsito Techspot
DURING the past few weeks I have been focusing on providing tips on what to look out for when choosing an Internet Service Provider. Some of the issues I have identified include the size of your Internet needs, the speed offered, network’s reliability and the cost. In my quest to help you
Stability, Democracy and Western Interests
Reason Wafawarova
When Saddam Hussein carried out the 1988 gassing of Kurds and when he massacred the Shiite rebels in 1991, the atrocities did not amount to matters of egregious human rights abuses insofar as Washington and other Western capitals were concerned.
Ethiopian leader Meles Zenawi dies
Meles Zenawi, the prime minister of Ethiopia, has died while undergoing treatment for an undisclosed illness, according to Ethiopian state television.
Chiefs meet over share scheme proceeds
Midlands Correspondent
ZVISHAVANE chiefs are expected to meet today to deliberate on how to disburse part of the $2 million community share ownership scheme funds the district received under the Mimosa Mine Share Ownership Trust.