adminMexican still richest man
BEIJING. – Mexico’s telecommunications tycoon Carlos Slim (73), is the richest man on earth with a US$66 billion fortune, according to the Hurun Report released yesterday in Beijing. He is followed by the most successful investorViolence claims 21
DHAKA. – A wave of violence killed at least 21 people in Bangladesh yesterday as Islamists reacted furiously to a ruling that one of their leaders must hang for war crimes during the 1971 independence conflict. At least 17 of them wereTN 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
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
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
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
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
Editorial 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
Pope 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. “Among
Free maternity regime begins
Sharon Kavhu Herald ReporterPREGNANT women, children under five years and those above 65 years of age will, from today, receive free medical care at all rural health centres countrywide after Government scrapped user fees. This means the groups would receive