adminWaiting for the rain . . .
Rutendo Mapfumo Features CorrespondentIT is midday and cicadas sing melodiously from Mopane trees, competing for the attention of the ear with cranking livestock bells. Villagers go on with their normal multifarious array of domestic chores — one eye on chores and another in the sky — as if appealing to God for just a few drops of
Burundi’s push for universal education
Jocelyne SambiraOffering free education, making it compulsory and supporting it politically has been the winning strategy behind Burundi’s successful bid to ensure that virtually all children get a primary school education. In this interview with Africa Renewal, Unicef’s representative in Burundi, Johannes
River authority invites bids for Batoka
The Zambezi River Authority will soon call for expression of interest for the development of a 1 600-megawatt hydropower station at the Batoka Gorge on the Zambezi River, an official said on Monday. ZRA is a corporation jointly and equally owned by the governments of Zambia and Zimbabwe toGovt backs tourism
Business ReporterGovernment is fully behind the development of tourism not only in the country but also in the region, Vice President Joice Mujuru has said. In a speech read on her behalf by Tourism and Hospitality Industry Minister Walter Mzembi at the launch of Sanganai/Hlanganani World Travel and
Managing your debtors, creditors
Liquidity challenges and the high cost of borrowing being experienced in the economy require organisations to adopt a proactive approach.It is important for companies to manage their creditors and debtors in order to get working capital. The cheapest and best sources of cash exist
ZIA optimistic
Zimbabwe is lagging behind in terms of attracting foreign direct investment. This is despite the fact that FDI can be a very huge source on revenue in a dollarised economy such as Zimbabwe. Various reasons have been cited for Zimbabwe’s failure to attract meaningful investment includingOlivine woos foreign investors
Tawanda Musarurwa Business ReporterFOREIGN investors willing to invest in Olivine Industries stand to benefit from the potential to boost capacity, the company’s managing director, Mr Jonas Mushangari, has said. He said this while addressing several South African businesspeople who were touring the company’s operations in Harare
Lifestyle Holdings goes offshore
Rumbidzai Zinyuke Business ReporterLifestyle Holdings has been granted Exchange Control approval to register a company in Mauritius. This is part of its campaign to seek to dilute risks associated with the Zimbabwean market and make it more attractive to foreign investors. The furniture group seeks to raise US$10 million on
Afre, Timba deadlocked
Fidelis Munyoro Assistant News EditorAfre Corporation and co-founder of ReNaissance Merchant Bank Mr Patterson Timba have failed to agree on the settlement of a scrip loan advanced to him to raise cash on the market and pay off debts. Mr Timba sought assistance from the Afre board in the form of a scrip loan. He used the loan
Biti’s Budget crunch
Business ReportersFINANCE Minister Tendai Biti is unlikely to spring any surprises for an expectant population when he presents the 2013 National Budget Statement next month due to limited fiscal space. Minister Biti is expected to announce the 2013 National Budget in Parliament on November 15, but a mere