adminParly slams chrome ‘monopoly’
GOVERNMENT should finish amending the Mines and Minerals Act to allow for enforcement of the use it or lose it policy, the Parliamentary Portfolio Committee on Mines and Energy has said. The committee, chaired by Mr Edward Chindori-Chininga, said this in its recent report on the chrome mining sector. The recommendation came after theUganda imposes tax on mobile cash transfers
KAMPALA. – Uganda is to impose a 10 percent tax on cash transfers by mobile phones and other money transfer operators. International remittances from Ugandans living abroad are also affected. Finance Minister Maria Kiwanuka said she also planned to raise US$16,5 million by imposing a levy on incoming international phone calls.Standard Bank scoops award
Business CorrespondentStandard Group Limited, which wholly owns Stanbic Bank Zimbabwe, has won the Sustainable Bank of the Year award for Africa and the Middle East. The announcement was made at an awards function in London hosted by the Financial Times and the International Finance Corporation last Thursday. The FT/IFC Sustainable Finance Awards, now in their
Airbus, lessor in US$8 billion deal
Paris. – Airbus SAS announced an agreement with lessor Doric Asset Finance Ltd. for 20 A380 superjumbos valued at US$8,1 billion at list price, in a boost for the world’s largest passenger jet that’s struggled to win business. Doric and Airbus announced the memorandum of understanding yesterday at the 50th Paris Air Show, after Bloomberg NewsHwange wants Coal Gasification deal revisited
Business ReporterHWANGE Colliery Company Ltd says there has been “massive” externalisation of funds from the coal gasification unit it jointly owns with a Chinese company, Taiyuan Sanxin Economic and Trade Company. Hwange Coal Gasification was formed through a Built-Operate-Transfer arrangement in which Hwange Colliery Company owns 25 percent
Justin Rose wins US Open
From Mark Lamport-Stokes in ARDMORE, PennsylvaniaENGLISH golfer Justin Rose produced remarkable poise and a Ben Hogan-like finish to win his first major title by two shots at the US Open on Sunday after overhauling 54-hole leader Phil Mickelson in the final round.
Suarez’s Real move edges closer
LONDON. — Luis Suarez will get his wish to join Real Madrid — but only if the Spanish football giants sweeten the deal with one of their most promising youngsters.Liverpool are now ready to listen to offers for their want-away striker but have made clear they will not budge a penny below the £40million clause built into the Uruguayan’s