adminPope to be obedient
VATICAN CITY. – Pope Benedict XVI yesterday vowed “unconditional obedience” to his successor on his historic final day as leader of the world’s 1,2 billion Catholics, when he will become the first pontiff to resign since the Middle Ages. “AmongEditorial Comment: Councils should work on restoration of basic amenities
Harare City Council has, reluctantly but correctly, decided not to disconnect those who refuse to pay their water bills. The reasons are obvious, especially for those who lived through the cholera epidemic of three years ago. We
CBZ courts new investors
Golden Sibanda Senior Business ReporterCBZ HOLDINGS will soon start looking for an investor with a business model similar to its own operations to take up the shares in its Treasury that the financial services group bought back on the market during the course of last year. Group
ZSE volumes hit 12,3m shares
Business ReporterVOLUMES on the Zimbabwe Stock Exchange recovered further yesterday to hit a staggering 12,3 million shares as daily turnover jumped to US$4 million from under a million. However, this did not stop the main industrial index from
Cambria gets more funding
Golden Sibanda Senior Business Reporter
ZIMBABWE-FOCUSED conglomerate Cambria Africa has secured an additional US$1,5 million in debt financing from United States-based Consilium Investment Management, bringing the total facility held with Consilium to US$4,5 million. The financing
Potraz to issue converging licences
Business ReporterTHE Government is coming up with legislation that will allow the Postal and Telecommunications Regulatory Authority of Zimbabwe to issue converging licences to telecommunications operators. The Ministry of Transport, Communication and
TN Bank avails phone facility
Pauline Mhuka Business ReporterECONET Wireless customers will soon be able to lend money from a facility set up at TN Bank by the cell phone company to buy high end smartphones and tablets. Under the scheme, financing for up to 25 000 phones
GMB in connectivity drive
The Grain Marketing Board intends to invest US$4 million this year to connect all of its depots through the internet to improve efficiency and accountability, an official has said. GMB general manager Albert Mandizha said theBAT earnings per share up
BRITISH American Tobacco Zimbabwe yesterday said it would continue to promote sales growth across all their products, after reporting impressive financial results for the year ending December 31, 2012. Basic earnings per shareMining can change our economy
Vandudzayi Zirebwa Buy ZimbabweIN the previous article we emphasised the need for a policy regime that ensures that Zimbabwe lessens its import bill that is over US$7,4 billion against export receipts of under US$4 billion. Lest we are accused of being