Japan okays US$142bn stimulus budget

Tokyo. – Japan’s parliament yesterday passed a US$142 billion extra budget that forms a key part of Prime Minister Shinzo Abe’s efforts to tackle the deflation that has dogged the economy for years. The US$142 billion package squeaked by the

Kenya’s mobile firm seeks US$100m

NAIROBI. – Eassar Telecoms, operating locally in Kenya as yuMobile, plans to raise US$100 million next month to fund business projects, including network upgrade and expansion. The firm, which began operating in Kenya in 2008, says

Monetary easing not cure-all: BoE chief

Tokyo. – The Bank of England governor warned yesterday that monetary easing was no economic cure-all, while dismissing fears over a global currency war as Tokyo faces criticism about the yen’s recent slide. The comments from outgoing

SA posts 2,5pc growth

JOHANNESBURG. – South Africa’s economy grew at 2,5 percent 2012, according to official data released yesterday, spelling more modest growth for Africa’s largest economy. The annual figure was in line with government forecast, but

Econet woos small investors

Business Reporter
ECONET WIRELESS shareholders will tomorrow vote on the proposed split of the mobile phone operator’s stock in a move designed to enable more small investors to buy shares in  the telecommunications company. This will be possible after

Zim firms for Dar fair

The Tanzania Trade Development Authority is inviting Zimbabwean companies to participate at the Dar es Salaam International Trade Fair to be held at the Julius Nyerere Fair Grounds from June 28 to July 8 this year, the Zimbabwe

Mazoe Orange Crush price slashed

Schweppes Zimbabwe yesterday announced a retail price reduction for the two-litre Mazoe Orange Crush from US$3,50 to $3.00.
The price reduction has been attributed to improved operational efficiencies that have

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Ben Chiganze Bass Fisherman’s Approach
MY mentor, Mr Isaiah Jacob, two of my colleagues and I had a fishing outing at a farm in Featherstone on Friday last week.
I had waited a long time for this day to materialise and I was excited to be

Local IT firm takes cloud computing to Kigali

A LOCAL technology firm, Twenty Third Century Systems, plans to spread its influence through the introduction of its cloud offering to more countries in Africa, where small and medium enterprises play a vital role in enhancing economic

Zim records power surplus

FOR the first time in many years Zimbabwe recorded a power surplus resulting in temporary suspension of load shedding during some days in the past few weeks. Ministry of Energy and Power Development and power utility

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