adminZimbabwe pays external debts
Business ReporterGOVERNMENT has repaid external debts amounting to about US$77 million, mainly to Chinese institutions, as it seeks to unlock additional lines of credit.
Finance Minister Tendai Biti said the repayments will speed up implementation of the US$368 million Kariba South Hydro Expansion programme by Sino Hydro and the release of
Deal to unlock Greek rescue loan
ATHENS. — Greece and its troika of international creditors have reached agreement on its economic recovery efforts, opening the way for the disbursement of US$11,5 billion in bailout loans, officials said yesterday.Indian inflation slips to 6pc
NEW DELHI. — India’s inflation unexpectedly slipped to below 6 percent for the first time in nearly three and half years, official data showed yesterday, fanning hopes of fresh interest rate cuts.French ministers declare assets
PARIS.— French ministers will for the first time disclose their personal wealth, in a move President François Hollande hopes will restore confidence in his scandal-hit Socialist government.Nigeria to boost ‘cash-lite’ campaign
LAGOS. — The Central Bank of Nigeria plans to roll out an additional 150 000 Point of Sales terminals countrywide to boost its cash-lite policy campaign, CAJ News learnt at the weekend.
Malawi president for ZITF
Malawi President Joyce Banda will officially open the Zimbabwe International Trade Fair in Bulawayo later this month.
Industry and Commerce Deputy Minister Mike Bimha said Malawi’s first woman president had accepted the invitation.
Time Bank to return securities
Business ReporterTIME Bank is set to return securities that it was holding on behalf of its clients following the handover of its US$4 million computer system by the Reserve Bank of Zimbabwe and its former curator recently.
Pioneer sinks into the red
Business ReporterTransport and logistics firm Pioneer Corporation Africa has registered an after tax loss of US$562 000 for the year ended December 31, 2012 sinking into the red from the prior period when they registered a profit of US$291 000.
Know your stakeholders
Bradwell Mhonderwa Business EthicsThe use of the term “stakeholder interests” is a common feature in today’s business talk. The pressure to consider the needs and expectations of different interest groups outside of shareholders’ interests is now overbearing in the business world as it has become clear that interest groups have a legitimate claim in the running of business
Local firm partners SA‘s JC Broadband
Business ReporterAlgo INCORPORATED, a subsidiary of Internet Access Provider Aquiva Wireless, has partnered with JC Broadband, a South African Voice over Internet Protocol service provider in the delivery, marketing and sales of Aquiva services in the region and on international markets.