admin‘Mercenary investors’ harvest where they did not sow
Melvin Marembo EntrepreneurshipAt one time we had foreign investors who came here and invested heavily in manufacturing industries because they had the belief that Zimbabwe was theirs and their second home. They were in charge of the economy and they did everything whole heartedly for their Zimbabwe. The moment
Fertiliser firms owed over US$40m
The fertiliser industry is owed in excess of US$40 million by stakeholders in the agriculture sector, an official has said. Fertiliser industry spokesperson Mr Misheck Kachere, who is also Chemplex Corporation chief executive, said that some customers had not paid for fertiliser supplied during theRTG records increase in turnover
Business ReporterRAINBOW Tourism Group recorded a marginal increase in turnover of 6 percent to US$13,3 million during the half-year period ending June 30, 2012.
The amount was an increase from US$12,6 million that the Group made during the same period last year. According to RTG chairman Mr Joseph
NMBZ half-year profit rises
Business ReporterNMBZ Holdings half-year profit to June this year rose 19,9 percent to US$2,6 million from US$2,1 million in the same period last year on a strong growth in funded income. At US$7 million, the 24,6 percent growth in funded income was supported by a 33,3 percent year on year jump in advances.
ECB in bid to protect euro
JOUY-EN-JOSAS (France). — The ECB is considering all possible options to ensure the efficiency of its monetary policy, executive board member Benoit Coeure said last Friday. Warning of increasing signs of fracturing in the eurozone capital market, Coeure said “we are studying all the means toMainstream climate change in development policies
Jeffery Gogo Climate StoryTHE rapid changes in the global climate and weather systems is one of the major challenges facing humanity today, and of course, animals and their habitats. For the 21st century, climate change and global warming may be the biggest problems yet for world governments, apart from other
Zimplow revenue declines
Business ReporterZIMPLOW Limited reported revenue in the first half ending June 30, 2012 declined 13 percent to US$4,3 million from US$5 million in the same period last year on subdued local demand. The flagship division, Mealie Brand, had a bad half, recording a 49 percent drop in local sales units to 9 359
AICO unbundles
Martin Kadzere Senior Business ReporterAICO Africa is set to unbundle, with its subsidiaries Cotton Company of Zimbabwe and Olivine Industries expected to list separately on the Zimbabwe Stock Exchange. The specifics of the transaction could not be immediately established last Friday but sources said Aico shareholders would have an
SA introduces mandatory ethanol blending
SOUTH Africa has introduced mandatory blending regulations in a move that would see all motorists in that country using fuel with up to 10 percent content of ethanol. By introducing mandatory blending, South Africa joins a number of countries — Brazil, China, Canada and India, among others —Good Samaritan meets death helping someone
A GOOD Samaritan has been knocked down and killed after he sprinted across a road to hand back a dropped wallet with £400 inside. Teacher Li Xiaopeng had run up debts of £6 000 financing his own primary school in Lanqiao, Shaanxi province, western China, and was in dire financial