Tobacco nets half billion dollars: TIMB

A total of 144 million kg of tobacco worth over US$500 million were sold in the 2011-2012 marketing season, the Tobacco Industry and Marketing Board has said. Statistics released by TIMB at the close of clean-up sales show the country earned US$525 million, representing a 46 percent increase

Sky’s the limit for ZABG

Martin Kadzere Corporate News
AN exciting era is beckoning on the horizon for ZABG after multimillion dollar fresh capital injection by new controlling shareholder Trebor and Khays. Only two months ago, there were fears that the bank could miss the Reserve Bank of Zimbabwe minimum capital threshold of US$12,5

New price model for cotton

Agriculture Reporter
STAKEHOLDERS in the cotton industry have agreed on a pre-planting pricing model for cotton. A recent cotton indaba attended by ginners, farmers, Government officials, bankers, input suppliers and non-governmental organisations sorted out a longstanding dispute over prices. Agriculture

Call to speed up insurance law review

From Walter Muchinguri in Nyanga
THE 2012 Insurance Institute of Zimbabwe summer school ended here yesterday with calls for Government to speed up the review of the Insurance Act. Delegates noted with concern that progress on the review had been slow, despite representations made since 1995. Delegates agreed that there

Govt mulls fund for bank debts

Golden Sibanda and Victoria Ruzvidzo
GOVERNMENT is working on laws to create a fund for the takeover of the banks’ non-performing loans, one of its recent concerns in the beleaguered banking sector. It also emerged yesterday that the Reserve Bank of Zimbabwe would this week deal “decisively” with banks on their

Magacha takes ‘Ridza Bvosvo’ to UK

Entertainment Reporter
Youthful gospel artiste Sabastian Magacha left Harare for the United Kingdom last week where he is on a week-long tour. His producer Joseph Madzivire accompanied Magacha, who is known for his chart topper “Ridza Bhosvo”. Speaking at the airport, Sabastian said he was happy to go on his

Theatre in the Park hosts comedy fiesta

Clever Matarutse Entertainment Reporter
Theatre in the Park presents a five-day comedy fiesta featuring some of Zimbabwe’s best comedians.  The fiesta’s main objective is to bring the fast growing industry closer to the people, with this being the first of many to come. Stand-up comedy has been on the rise with the leading exponents

More praise, worship for gospel fans

Edgar Moyana Christian Entertainment
The local gospel music scene has attracted a lot of media attention in recent months following visits by international and award-winning  artistes.
Quite a number of renowned artistes have come to share their inspirational music and experience with local artistes and fans. Some of the

P-Square Harare-bound

Jonathan Mbiriyamveka Entertainment Reporter
Top Nigerian duo P-Square will headline this year’s Lion Larger Summer Festival scheduled for October 13 at Glamis Arena. The R&B group made up of identical twin brothers Peter and Paul Okoye is set to invade Harare after several failed attempts to bring the duo by local promoters. Delta

US troops face punishment over Koran burning

The US military announced it was disciplining US troops involved in two incidents that provoked outrage in Afghanistan early this year, one over a video depicting Marines urinating on corpses and another over burning copies of the Koran, US officials said.

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