adminGoing back to the basics
Fanuel Kangondo EntrepreneurshipLEGEND has it that for any development to take place in any particular area, there has to be some advocates spearheading the thrust who are committed to the cause without any reservations. This holds true when one looks at the pioneering businessmen in the early days that had a
NSSA pays out US$55m
Business ReporterTHE National Social Security Authority paid out US$55,3 million in benefits last year, more than double the figure it paid for the previous year.
The payout included retirement benefits, invalidity benefits, survivor’s benefits and workers’ compensation insurance fund claims. NSSA said the
Iranian trade unions agree to reopen bazaar
TEHRAN — Iran’s trade unions agreed Thursday to reopen Tehran’s grand bazaar, the economic heart of the Iranian capital, a day after a series of protests forced the shut-down of some shops and business centers there. Riot police were deployed Wednesday in the center of Tehran after someChina to strengthen international co-operation on cyber issues
BUDAPEST — The Chinese government will continue to strengthen international cooperation on cyber issues, and work with all countries to build an open and secure cyberspace, said an official here yesterday at the ongoing Budapest conference on cyberspace.Given the many challenges presentedGhana holds Argentine frigate over debt
Buenos Aires — Argentina on Wednesday alleged Ghana was violating international law by holding one of its frigates after a court order sought by creditors in the African nation suing Buenos Aires over its 2002 bond default. Ghana’s seizure of the (training) ship Libertad “is against the ViennaBAT 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
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
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.
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,
Zimbabwe, 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