adminMeikles blames developer over Zambia hotel delays
Harare Bureau MEIKLES Limited says its plans for a new five star hotel in Lusaka have only been held back by slow progress on the construction of the multipurpose shopping…
Call to give workers holiday tourism
Patrick Chitumba Victoria Falls Reporter THE government is proposing that civil servants be given holiday incentives as part of efforts to develop domestic tourism, Minister of Tourism and Hospitality Industry…
Management changes loom at Lafarge
MANAGEMENT changes are looming at cement producer Lafarge amid revelations incumbent managing director Mr Johnathan Shoniwa will be moved to chair the group with an unnamed appointee from Egypt replacing…
Truworths turnover rises
CLOTHING retailer Truworths’ turnover for October grew 19 percent following the introduction of the Cabs funded credit card in the same month Truworths launched a CABS-funded In-store Credit Card —…
Losses in Hippo, Delta weigh down Industrials
Business Reporter THE Zimbabwe Stock Exchange industrial index declined yesterday on losses in selected heavyweight stocks while the mining index of four trading shares remained unchanged. After trades, the industrial…
Stronger US data spurs world shares, yen falls
WORLD shares edged toward six-year highs yesteday and the yen languished at long-term lows against the euro and dollar after a batch of strong US economic data boosted investor sentiment.…
Rwanda: Mining surges as minerals certified ‘conflict-free’
KIGALI — Industries worldwide are taking a closer look at their supply chains for minerals exported from Africa’s Great Lakes region. They are worried they could be penalized for buying…
Cell C mum on Telkom mobile assets
JOHANNESBURG — Acquiring the mobile assets of Telkom could “make sense” for rival operator Cell C, its acting head said yesterday, although he declined to say whether it would make…
Euro zone loans contraction increases pressure on ECB
A CONTRACTION in loans to households and companies in the euro zone quickened in October, piling pressure on the European Central Bank to do more to buoy the euro zone’s…
AICO writes down $30,2m
Harare Bureau AICO Africa Limited has written down a total of 30,2 million from the value of two of its units to reflect the decrease in their carrying amounts after…