Zim tourism on the rebound

Fanuel Kangondo in Durban, South Africa
Zimbabwe’s tourism industry is on a rebound and nothing will stop the country from regaining its status as one of the leading destinations in Africa, Zimbabwe Tourism Authority chief executive Mr

Germany suggests ‘two-step’ approach to banking union

FRANKFURT. – German Finance Minister Wolfgang Schaeuble yesterday called for a “two-step approach” towards a European banking resolution mechanism, building on systems already in place in a number of

Chris Brown, Rihanna post toxic tweets

LOS ANGELES. – The on-again off-again couple finally seem to have called it quits last week.
But Rihanna (25) and Chris Brown (24) have taken to Twitter to voice their mutual contempt for each

‘Kingdom in sound state’

Business Reporter
KINGDOM BANK is in a good financial state despite its exposure to a US$21 million underperforming loan, the Reserve bank of Zimbabwe has said.

ACR to face charges

Daniel Nemukuyu Senior Reporter
AFRICA Consolidated Resources has lost its bid to block its prosecution in a case in which it is being charged with fraud and breaching the Precious Stones Act, after the High Court threw out the

AAG takes Telecel to task over MD’s post

Golden Sibanda Senior Business Reporter
THE Affirmative Action Group says Government should not allow Telecel Zimbabwe to appoint Swedish national and Canadian resident Mr John Swaim as interim managing director of the mobile phone

‘Africa’s share of global FDI increases’

CAPE TOWN. – Africa’s share of global foreign direct investment has grown over the past five years, highlighting the growing interest from foreign investors, according to Ernst & Young’s third edition

Struggling Sharp to appoint new boss

TOKYO. – Japanese electronics giant Sharp will name a new president at its June shareholders’ meeting, replacing its current chief after only a year in the job, the Nikkei business daily said yesterday.

Nigeria to terminate unregistered SIM cards

ABUJA. – The Nigerian Communications Commission has announced June 30 as the deadline for the Subscriber Identity Module (SIM) card registration exercise.

Portugal signals IMF-EU approval for latest austerity

LISBON. – The Portuguese government is signalling that it has reached an agreement with IMF and EU creditors on its latest radical austerity measures to correct public finances, after the constitutional court

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