adminEmbattled SA Airways names new CEO
JOHANNESBURG. — South Africa’s government on Friday named a new chief executive for troubled state airline South African Airways, following a rash of resignations and dismissals in recent months.Fitch strips Britain of triple A rating
LONDON. — Fitch on Friday stripped Britain of its top triple A rating, moving it down one notch to “AA+” as a weaker economic outlook continues to push up the country’s debt.“The downgrade of the UK’s sovereign ratings primarily reflects a weaker economic and fiscal outlook and hence the upward revision to Fitch’s medium-term projections for UK
Let’s turn garbage into power
Jeffry Gogo Climate Story
Really, we don’t know. But plans by the city to fire a biogas plant using Harare’s excessive garbage may be a viable, environmentally sustainable project.
Italian firms gear up for ZITF
Business ReporterThe Italian pavilion at this year’s Zimbabwe International Trade Fair is bigger to accommodate the increased number of exhibitors from the European country; providing increased opportunities for stronger commercial ties between Zimbabwean and Italian companies.
Bulawayo hotels fully booked
Business Reporter
The country’s second largest city, Bulawayo, has virtually run out of hotel accommodation ahead of the of the Zimbabwe International Trade Fair which starts tomorrow.
A survey of the major hotels in the city such as the Holiday Inn, Bulawayo Rainbow Hotel and Cresta Churchill showed that they were all fully booked until after the annual trade
AfDB launches project bonds
Business ReporterTHE African Development Bank has put together a report exploring how structured finance techniques could be used to mobilise African domestic capital to support various infrastructural projects to spur economic growth.
ZPC to ramp up production
Business ReporterTHE Zimbabwe Power Company plans to increase power output from the existing capacity by 520 megawatts to reduce power deficits that have resulted in electricity rationing to balance supply.
Battle for Batoka hots up
Business ReporterA CONSORTIUM of Zimbabwean, Zambian and Chinese businesses has expressed interest to build the estimated US$4 billion Batoka Hydropower Project expected to produce 1 600 megawatts of electricity.
Economy defies odds: President
Business Reporter
THE domestic economy defied the odds to register an impressive 4,4 percent growth rate last year riding on the back of strong performance in agriculture, mining and tourism, President Mugabe has said.
Professor gig lives to billing
Brenda Phiri Arts CorrespondentTop South African kwaito singer Professor, real name Mukhonzeni Langa, staged a memorable performance at Circus International Club on Independence Eve.
The “Lento” singer joined forces with his brother-turned-producer Character as well as Equaliser to whip fans into a frenzy with their chart-topping hits “Finger Prints”, “Jezebel”, “X”