adminAfDB seeks way forward on Zim arrears
Tawanda Musarurwa Business ReporterTHE African Development Bank says it awaits a settlement proposal for arrears owed by Zimbabwe for the resumption of funding from its own resources.The country is, however, still benefiting from other funds that the bank oversees. Zimbabwe’s arrears to AfDB are in excess of US$500
Star FM scoops award
Business ReporterTHE country’s first commercial radio station, Star FM, clinched first runner-up position for the Outstanding Marketing Entry of the Year at the just ended fourth annual Marketers Association Zimbabwe convention held in Victoria Falls.The award is courtesy of the annual MAZ Outstanding Marketing Efforts
ECB’s hard crisis exit
Prodigy Chinanga Money in Motion
The European Central Bank’s unlimited cheap bank loans have eased market tensions, particularly — in the words of ECB President Mario Draghi — by removing the “tail risk” of a banking crisis provoked by the euro debt situation. Before the crisis began, the “peripheral” nations accounted for
Let down by Ethiopian Airlines
Charles Mtetwa Herald Correspondent
A SUDDEN plunge of an Ethiopian Airlines flight triggers confusion and murmurs of uncertainty as the Airbus charts through the Addis Ababa to Harare flight trail.But no message comes through from the flight deck to explain the sudden judder as the flight continues to gather height to
Econet Wireless stock dips
Golden Sibanda Business Reporter
ECONET Wireless Zimbabwe’s share price lost US21c in last Friday’s trading on the Zimbabwe Stock Exchange, despite maintaining sterling financial performance in the interim period to August 30, 2012. The telecommunications firm saw after-tax profits surge marginally to US$78 million, as
Money lending firm sued over debt
Business Reporter
MONEY-lending firm Paramount Holdings has been taken to the High Court for failing to settle a US$66 000 debt arising from an investment it failed to repay on maturity. In High Court case HC11974/12 filed on October 25, 2012, the applicant, Mr Lloyd Machiwenyika, cited Paramount Holdings,
KLM bounces back
Sydney Kawadza Assistant News Editor
KLM Royal Dutch Airlines on Monday night flew into Harare International Airport becoming the 13th airline to bounce back into Zimbabwean airspace since the formation of the inclusive Government. The inaugural flight touched down at the airport 13 years after the airline suspended operations
We’ve no hand in our mom’s death: P-Square
Abuja. — Top Nigerian pop group P-Square have broken their silence on the death of their mother Josephine Okoye. Josephine died last year after an unsuccessful heart surgery in an Indian hospital in Kolkata. NET gathered that the supportive mother, who had been a pillar of support to her
Kawara thrills patrons at Adrienne’s Restaurant
Entertainment Reporter
Talented urban groover turned afro-jazz musician Alexio Kawara delivered a polished performance during his inaugural show at Adrienne’s Restaurant in Belgravia on Saturday night. Kawara had the cosmopolitan crowd on their feet throughout the show as he belted out yesteryear hits and several
Miss Varsities fights cancer
Entertainment Reporter
reigning Miss Universities Melissa Shumba is on cloud nine after striking one-year partnership deal with GreenCard Medical Society as its cancer ambassador.Shumba will receive free medical aid cover during the course of her duties courtesy of GreenCard.Speaking to journalists in Harare last