adminA licence to lie is western world’s gift
John Pilger
A full-scale invasion of Africa is under way. The United States is deploying troops in 35 African countries, beginning with Libya, Sudan, Algeria and Niger.The invasion has almost nothing to do with “Islamism” and almost everything to do with the acquisition of resources, notably minerals, and an accelerating rivalry with China.
Annual inflation rate drops
Blessing Bonga Business ReporterZIMBABWE’S annual rate of inflation shed 0,22 percentage points on the February figure of 2,98 percent to 2,76 percent in March, the Zimbabwe National Statistics Agency has said.
Zimbabwe 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.