Unilever launches promotion

Business Reporter
UNILEVER last week launched the “Omo Wash and Fly to Dubai Promotion” that will see five lucky winners getting an all-expenses paid trip to Dubai plus US$800 spending money.
The promotion was launched at various centres in Harare’s CBD before proceeding to Mbare, Machipisa in Highfield and Mabvuku.

Govt sets FDI target

Rumbidzayi Zinyuke Business Reporter
Government has set a Foreign Direct Investment target of 25 percent of the Gross Domestic Product by 2015, an official said last week.
Zimbabwe Investment Authority board chairman Mr Nigel Chanakira said it was important for ZIA to be transformed into an effective and efficient institution to deliver its mandate

Is coal use a better evil in tobacco curing?

Jeffrey Gogo  Climate Story

MR Nicholas Mbara planted tobacco for the first time this season. He has three hectares under tobacco in Tandi Village, Rusape.
Actually, the crop is on land “leased” from his father-in-law, Mr Gabriel Mwanza, himself a thriving tobacco farmer and beneficiary of Zimbabwe’s sweeping agricultural reforms.

Women miners eye US$200m deal

The Zimbabwe Women in Mining is negotiating for a US$200 million deal with a South African investor to sponsor women to mine diamonds in the Chiadzwa area of Marange, an official has said.

‘No new ZSE listings in 2013’

Business Reporter
The Zimbabwe Stock Exchange does not expect new listings to be made in 2013 due to low activity on the market as investors are more concerned with the impending harmonised elections.

Machingaidze re-elected

Business Reporter
COTTON Marketing Company of Zimbabwe managing director Mr David Machingaidze has been re-elected chairman of the Cotton Ginners’ Association.
He was re-elected for the fourth time in a row at the CGA annual general meeting last week.  Colonel Panganai Kahuni was also re-elected vice chairman.

SA investors jostle for Zim

South African investors are considering investing at least US$1,6 billion in capital projects in various sectors of the Zimbabwean economy, a Cabinet minister has said.
Economic Planning and Investment Promotion Minister Tapiwa Mashakada said the country had received various project proposals since it held a high-level trade and investment

EU redirects Cyprus aid to boost growth

BRUSSELS.  — The European Commission last Friday announced it would redirect 21 million euros of funds already earmarked for Cyprus to projects which should better boost growth on the struggling Mediterranean island.

Nissan to make Micra model in France

PARIS. — Renault said last Friday its Japanese partner Nissan would manufacture its next generation sub-compact Micra model at a factory in France, just a month after reaching a wage and working hours deal with French employees.

US economy grows 2,5pc

WASHINGTON. — The US economy grew at a pace of 2,5 percent in the first quarter of 2013, with cuts in government spending offsetting private consumption and investment gains, the Commerce Department said Friday.

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