adminZimbabwe, Russia to sign Bippa
Business ReporterZIMBABWE and Russia are today expected to sign a proposed Bilateral Investment Promotion and Protection Agreement in a move expected to enhance investment and trade relations between the countries, a Cabinet minister said last week. Economic Planning and Investment Promotion
Woman aborts, dumps foetus
Herald ReporterPolice have arrested a Harare couple that allegedly connived to terminate pregnancy and drove to a bushy area near Zimphos (Pvt) Ltd premises in Msasa where they dumped the foetus. An alert security guard saw the couple driving in a Nissan March vehicle and recorded the vehicle registration
Zambezi power projects under threat
Jeffrey Gogo Climate StoryA NEW study has established that the Zambezi River Basin along with its existing and future large hydropower dams are ill-prepared for climate change. The report indicates that hydropower projects around the Zambezi are poorly evaluated for the risks from natural hydrological variability,
RBZ rejects Treasury bills bids
Business ReporterTHE Reserve Bank of Zimbabwe has rejected all bids for the US$15 million of 91 Treasury bills auctioned last week, central bank sources said.
RBZ made US$7,7 million, just above half of what Treasury intended to sell, with bids ranging between 5,5 percent and 15 percent per annum.
Delta shares hit US$1bn
Business ReportersDELTA Corporation became the first company on the Zimbabwe Stock Exchange to hit US$1 billion market capitalisation last Friday, after its share price gained 19,2 percent year-on-year. The country’s largest beverages manufacturer gained 0,48 percent to US83,5c yesterday as appetite for its shares
BAT complies with indigenisation
Rumbidzayi Zinyuke Business ReporterCIGARETTE maker British American Tobacco Zimbabwe is offering about 21 percent of its shares to its employees and indigenous people in part fulfilment of indigenisation and empowerment requirements, the company said last Friday. BAT, one of the most capitalised companies on the