adminDRC reassures investors
Kinshasa -Democratic Republic of Congo’s mines minister reassured investors after separatists attacked the capital of mineral-rich Katanga province, raising concern among analysts that the region faces increased conflict.Weakening yen ‘weapon’ for Japanese carmakers
Seoul. — The weakening yen is becoming a “weapon” for Japanese carmakers by making them more competitive, said a senior executive at South Korea’s second — largest carmaker.Brics leaders approve currency fund
Durban. — Leaders from Brazil, Russia, India, China and South Africa approved a US$100 billion fund to combat currency crises, while failing to reach agreement on financing for a development bank.
East Africa eyes increased trade
NAIROBI. — Trade between East African countries is expected to increase three-fold this year following the modernisation of border check-points and planned harmonisation of intra-regional laws governing the movement of goods.Sharp forecasts record loss
Tokyo. — Sharp Corp., the Japanese electronics maker forecasting a record loss, is considering seeking investments from private equity funds to replenish dwindling cash, two people familiar with the matter said.G7 nations tipped to expand
Paris. — The world’s biggest economies are slowly recovering from a late 2012 slowdown, the OECD said in a near-term of assessment of G7 nations yesterday, with Japan and the United States leading the way, ahead of a struggling, two-speed eurozone.‘Hyundai risks losing South-east Asian market’
SEOUL. — South Korea’s largest car maker and its Seoul-based affiliate, Kia Motors Corp, say they have no plans to build factories in Southeast Asia’s largest economy — set to overtake Thailand as the region’s biggest car market next year, industry researcher IHS Automotive forecasts.Honda Jazz practical,efficient
THE rise in fuel prices is becoming a cause for concern among vehicle owners, drivers and prospective vehicle owners who are now more conscious of the need to buy cars with better fuel consumption.
Chicken Slice wins Sadc award
Business Reporter
FAST food chain Chicken Slice, a division of Packers International, was last week awarded a service award at the Sadc Annual Quality Awards ceremony held in Luanda, Angola.
Packers International proprietor and chief executive Mr Tawanda Mutyebere received the award on behalf of Chicken Slice.
Ecobank returns to profitability
Ecobank Zimbabwe bounced back to profitability for the year ended December 31 2012, posting a net profit of US$306 000 from a US$5,9 million loss the previous year.
Chairman Mr David Whartman attributed the recovery to an effective implementation of the bank’s strategic plan which entailed increasing the bank’s distribution network,