adminZimra misses third quarter revenue target
Business Reporter The Zimbabwe Revenue Authority marginally missed its target for the third quarter, citing a sluggish economic performance in the run up to the harmonised elections. The revenue collectors…
Mwana Africa production up 119pc
Business Reporter Mwana Africa-owned Freda Rebecca Mine produced 17 536 ounces of gold in the last quarter while 1 505 tonnes of nickel were sold from Trojan, representing an increase…
New Dawn to delist from Toronto Stock Exchange
Business Reporter Zimbabwe focused New Dawn Mining is set to delist from the Toronto Stock Exchange next month and register its operations in the tax haven of Cayman Islands. In…
Govt to access affordable sources of funding: VP Mujuru
Harare Bureau GOVERNMENT will explore all available avenues to secure affordable lines of credit to revive the manufacturing sector, Vice-President Joice Mujuru said yesterday. Addressing delegates who attended the Zimtrade…
CBZ Holdings to buy back 7,7m shares from minority shareholders
CBZ Holdings intends to buy back over 7,7 million shares from close to 10 000 of the group’s minority shareholders through a facility in which the stockholders sell the stock…
Eurozone business rally falters
BRUSSELS – Eurozone business activity slowed in October, coming off a 27-month high in September to highlight concerns the economy is recovering only slowly from recession, a survey showed yesterday.…
China reports rebound in economic growth
China’s economic growth has rebounded to 7.8 percent in the latest quarter after a boost in government spending to reverse a sharp downturn. The data reported yesterday should ease pressure…
Growing US spying set to dominate EU summit
BRUSSELS – A growing row over US spying is set to dominate an EU summit in Brussels which started yesterday, after revelations German Chancellor Angela Merkel’s calls may have been…
Yahoo closing Cairo office
SAN FRANCISCO – Yahoo on Wednesday said that it is closing its Egypt office as part of an effort to restore the faded Internet star to former glory. “Today, Yahoo…
Brazil oil-auction protests turn violent
Protesters have marched to the headquarters of Brazil’s state-run petroleum company Petrobras after it won the right to develop an offshore field that could contain 12 billion barrels of oil.…