SA firms ready to invest

Kudzai Kureva Business Reporter
SOUTH AFRICAN companies are ready to invest and create business partnerships with Zimbabweans and help do away with the credit crunch that is hindering economic growth in Africa. Around 40 South African companies are currently in Zimbabwe to seek trade and investment opportunities. So far

‘Mat North ready for ownership trusts’

MINING companies operating in Matabeleland North are to donate shares to the Community Share Ownership Trusts in line with the indigenisation and empowerment programme, Mines and Mining Development Minister Dr Obert Mpofu has said. President Mugabe is expected to launch the scheme

FBC bids for Homelink

Martin Kadzere Senior Business Reporter
FBC Holdings has submitted its bid to buy Reserve Bank of Zimbabwe’s shareholding in Homelink, sources familiar with the development said this week. The financial institution becomes the second bidder for the home loans and financial services company which is wholly owned by the central

EcoCash eyes two million subscribers

Golden Sibanda Senior Business Reporter
ECONET Wireless has targeted two million subscribers under its EcoCash facility by the end of its financial year in February next year. The expansion promises to transform, for all time, the mobile money transfer landscape in Zimbabwe. Econet Wireless currently has a total of 1,7 million EcoCash

SA announces rise in rhino poaching

JOHANNESBURG. — The South African government has announced 455 rare rhinos have been poached so far this year. Kruger National Park in the north-eastern part of the country was the worst hit, losing 272 rhinos, said Albi Modise, the spokesperson for the South African Department of

Osama bin Laden’s former driver freed

WASHINGTON. — A US federal court yesterday threw out the conviction of Osama bin Laden’s former driver, who was jailed at Guantanamo, saying material support for terrorism does not constitute a war crime. While Salim Hamdan has already been freed, the Yemeni’s appeal in civilian court

February 20 protest movement activist jailed

RABAT. — A Moroccan court has jailed an activist with the February 20 protest movement for 12 years for taking part in an unauthorised protest, a rights group said yesterday, slamming the ruling as an act of vengeance. The charges against Bashir Benshaib (32), who was sentenced by an

Warplanes bombard Syria’s north

DAMASCUS. — Warplanes unleashed a wave of raids in Syria’s north yesterday, aiming to dislodge rebels whose seizure of a key highway has prevented reinforcements from reaching the main battleground city of Aleppo. Peace envoy Lakhdar Brahimi began a visit to Cairo, meanwhile, after

Shift your focus to environment — UNEP

NAIROBI. — Investments being made in enabling the world to achieve food security are being done at the expense of the environment, threatening the very foundation that will deliver more food to the world, a new report by the UN Environment Programme  said yesterday. The report, launched in

Netanyahu hails new EU sanctions on Iran

JERUSALEM. — Israeli Prime Minister Benjamin Netanyahu yesterday praised the European Union’s decision to impose new sanctions on Iran, noting that their efficiency will ultimately be measured by their ability to curb the Islamic Republic’s nuclear ambitions. “I commend the EU for the tough

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