adminFBC in talks over Turnall stake
Business ReporterFBC Holdings has opened talks with a number of local and foreign consortiums regarding the sale of its 58 percent stake in Turnall Holdings, sources said last week. The financial services group gained a controlling stake in Turnall as a result of a US$8 million non-performing loan advanced to
Energy sector turns to Biti
Business ReportersTHE Zimbabwe Energy Council has called on Finance Minister Tendai Biti to earmark a minimum of 18 percent of the infrastructure budget for energy projects when he prepares the 2013 Budget. “Energy sector should be allocated a minimum of 18 percent of the hard infrastructure budget,” the
3 die as quake rattles Myanmar
SAGAING. — At least three people were killed, 29 injured and four went missing in yesterday morning’s 6.8-magnitude strong earthquake that struck northern Myanmar, state TV said in a breaking news in the afternoon. Of the three victims, two are from Kyauk Myaung in Sagaing region and one isExiled opposition groups strike deal
DAMASCUS/DOHA. — Syria’s exiled opposition groups convening in the Qatari capital of Doha have signed an initial agreement to form a new coalition called the National Coalition for the Opposition Forces, reports said yesterday. The new coalition is mainly composed of opposition groups outsideChina praised
BEIJING. — Foreign officials, experts and media have spoken positively of China’s achievements in the past 10 years, saying its rapid development has made significant contributions to the world economy. They were commenting on the 18th National Congress of the Communist Party of China,Muripo falls in Japan
Ellina Mhlanga Sports ReporterLOCAL karatekas Samson Muripo and Mugove Muhambi found the going tough at the third Kyokushin Union World Ka-rate tournament in Toyama, Japan, over the weekend where they both failed to reach the final of the Open weight category. According to reports from Japan, Japan’s Takuma
Honour outstanding athletes — Coltart
Collin Matiza Sports EditorZIMBABWEANS have been criticised for not giving their athletes due recognition when they excel at major international sporting events. Speaking after attending the Matabeleland Bowls annual prize-giving function in Bulawayo on Saturday, Education, Sport, Arts and Culture Minister David Coltart said
Tears as girl (7) testifies against stepmother
Farai Kuvirimirwa Court ReporterA SOMBRE atmosphere last week engulfed the court as a seven-year-old girl gave a heart-rending account on how she was forced by her stepmother to eat faeces as punishment for soiling blankets. The 19-year-old stepmother is facing charges of ill-treating a minor under provisions of the
‘Housing backlog statistics outdated’
Michael Chideme Municipal ReporterNATIONAL housing backlog statistics are outdated and in need of updating, a senior Government official has said. The last national housing backlog survey was done in 1995. The report projected that by 2008 the national housing unit deficit would be 1,25 million. Ministry of National Housing and
Govt to unveil MTP progress report
Golden Sibanda Senior Business ReporterGOVERNMENT today presents to stakeholders the progress report on the implementation of its five-year economic blueprint, the Medium Term Plan, amid expectations a number of target were missed. Secretary for economic planning and investment promotion, Dr Desire Sibanda had earlier