adminRTG eyes growth
Business ReporterZIMBABWE Stock Exchange-listed Rainbow Tourism Group has set its sights on strong exponential growth over the 2013-2015 period, after a lukewarm performance in the 12 months to December 31, 2012.
Tobacco farmers rake in US$128m
Elita Chikwati Agriculture Reporter
FARMERS have earned a collective U$160 million from the sale of 43 million kilogrammes since the opening of the tobacco selling season in February.
This is an increase of 25 percent from the US$128 million realised during the same period last year.
‘Cyprus crisis could cost Greece’
ATHENS – The economic crisis in Cyprus and the “violent” solution imposed on banks could derail Greece’s fragile economic recovery and undermine European cohesion, the head of the country’s industry lobby warned yesterday.
Agribank’s harvest of thorns
Takunda Mugaga Economic Agenda
OUR economy has for years been anchored on agriculture and our Government in its wisdom felt that it was only proper to have a bank that is dedicated to supporting this crucial sector and thus Agribank was born – but 13 years after its birth it is struggling.
Agribank US$5,6m in the red
Blessing Bonga Business ReporterAgribank has recorded a US$5,6 million loss for the year ended December 31 2012, reflecting an astronomical increase in the loss margin by almost 1 800 percent from the prior period’s loss of US$0,3 million largely attributed to inadequate capitalisation and failure to attract meaningful deposits against high operating costs.
Triathlon team for African Championships named
Sports ReporterTRIATHLON Association of Zimbabwe have named a 15-member team to represent the nation in the forthcoming African Championships to be held in Morocco next month.
The championships are slated for May 25 and will be used as qualifiers for the World Championships scheduled for September in London.
Zim’s fdi grows
From Martin Kadzere in JOHANNESBURG, South Africa
ZIMBABWE’S foreign direct investment rose 19 percent last year to US$450 million from US$387 million a year earlier, Economic Planning and Investment Promotion Minister Dr Tapiwa Mashakada has said.
France reeling from tax fraud scandal
PARIS. – France’s Socialist government was reeling from an explosive tax fraud scandal yesterday as critics questioned how much President Francois Hollande knew about a former budget minister’s secret foreign bank account.Europe’s leading stock markets fall
LONDON. – Leading European stock markets fell yesterday as dealers locked in profits from a technical spike a day earlier, while Vodafone shares were also hit by US telecoms operator Verizon’s denial that it was preparing a takeover bid for the British group.China-Zim trust in awareness drive
Blessing Bonga Business ReporterZIMBABWEANS interested engaging in trade with Chinese companies have been presented with a platform to enable them to gather the necessary information before sealing business deals to avoid losing their hard- earned money through bogus companies.