adminUK-based firm seeks to offer services on PPPs
Rumbidzayi Zinyuke Business ReporterA UNITED Kingdom-based consultancy firm has expressed its interest in seeking transaction advisory opportunities on Public-Private Partnerships in Zimbabwe citing the favourable investment climate for infrastructural development projects that have a few takers presently. Speaking
SEC suspends Mast Stockbrokers
Business ReporterTHE Securities Commission of Zimbabwe has suspended Mast Stockbrokers for allegedly failing to register shares in its Nominees register into names of their respective owners. The six month-ban will prohibit Mast from carrying out all licensable activities other than settling outstanding deals, SECZ
Millennium goes bust
Martin Kadzere Senior Business Reporter
MILLENNIUM Tobacco, a recently established tobacco auction floor is technically insolvent and is likely to be liquidated, the firm’s financial statement has shown. The company, which is in its second year of operation, is facing serious viability constraints as its liabilities at US$4,3 million outstrip
Shot in the arm for farmers
Golden Sibanda and Rumbidzayi ZinyukeGovernment has unveiled a US$15 million agricultural credit facility to Agribank for lending to A2 farmers for maize production. Speaking at a Press briefing in Harare yesterday, Agribank chief executive Mr Sam Malaba said an initial US$5 million had already been disbursed to Agribank and farmers
ZETDC seeks tariff increase
Business Reporter
ZIMBABWE Electricity Transmission and Distribution Company, a subsidiary of Zesa Holdings, has applied for a tariff increase, a few days after the Administrative Court nullified an “illegal” upward tariff review of September 2011. ZETDC has proposed a tariff increase of an average US9,94c kilowatt
Come out of your comfort zone
Ben Chiganze Bassfisherman’s ApproachOver the years, we have been accustomed to know the Muzipaz’s star starts shining around 1500hrs upwards. In most cases in the morning, he catches nothing. Where he gets so much energy towards the end of the day is something that baffles me most of the time. The last weekend we
Eurozone remains vulnerable
Money in motion Prodigy ChinangaThe euro remains vulnerable as it continues to be under so much pressure ahead of the Greek meeting by European ministers to discuss aid.
We are likely to see fluctuations in the euro/USD currency pair as the Greek and US debt factor is back on the table. It’s now back to risk-on trades
Liquid Telecom, Econet up for awards
CAPE TOWN. — Zimbabwe’s Liquid Telecom and Econet Wireless’ EcoCash are in the running to win accolades at the AfricaCom 2012 Awards, which reward innovations. Liquid Telecom, which has built successful broadband network in the entire Southern African Development Community region andAlcatel partners in Angola, Togo
CAPE TOWN. — French-based global communications firm, Alcatel Lucent has announced two major partnerships in Africa. Alcatel Lucent has collaborated with Angola Cables, a consortium of Angolan telecoms operators, to establish a terrestrial fibre-optic link to the West African CableMTP misses annual economic targets
Golden Sibanda Senior Business ReporterGOVERNMENT on Monday published the report on the first annual review of its five-year economic blueprint, the Medium Term Plan, and the results so far leave a lot to be desired. A close look at the MTP shows that annual economic targets in the MTP were missed. Persistent resource