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A LEADING Chinese-Zimbabwean joint venture is on track to complete a massive facility upgrade with $5 million invested by the Chinese share-holder, a senior company official revealed. After the upgrade,…
Is it time to divest from Turnall?
Linda Tsarwe After the so called “lost decade” banks found it difficult to rebuild public confidence in a dollarised economy. It was difficult for the public to trust the banking…
NSSA sweats over $4,2m investment
Business Reporter The National Social Security Authority is struggling to realise a return on the $4,2 million pumped into Ekusileni Medical Centre as general manager Mr James Matiza acknowledged the…
Sedco courts investors for SME bank
Business Reporter SEDCO is courting investment partners to raise capital required for setting up an SME bank, Small and Medium enterprises, Co-operative Development Minister Sithembiso Nyoni said. In an interview…
Sluggishness hits insurance sector
Business Reporter Short-term insurers have recorded a marked drop in annual growth in the volume of business written due to low liquidity levels and depressed industry capacity utilisation. According to…
Nigeria avails US$1bn to plug crude oil theft
ABUJA. – NIGERIA has earmarked $1 billion for the implementation of a comprehensive programme to check crude oil theft, vandalism of oil and gas infrastructure as well as the apprehension…
Burj Al Arab: World’s only 7-star hotel
Ever wondered why the public sector CEOs needed such hefty salaries? It is clear that they have cultivated some very expensive taste. For most of us plebs, it is hard…
NSSA’s investment division boasts competent staff
It should come as no surprise, given the diversity and scale of its investments, that NSSA boasts of highly qualified and well experienced professionals within its investment division. It has…
NSSA splashes $23m on staff loans
Conrad Mwanawashe Herald Reporter— THE National Social Security Authority is servicing staff loans worth about US$23,7 million given to employees at rates far below those obtaining on the market. Eight…
EU-Africa Summit hangs in balance •Sudan, SADR not invited •First Lady denied visa
Farirai Machivenyika Senior Reporter— THE fourth EU-Africa Summit in Belgium next week hangs in the balance following attempts by Europe to define the political make-up of the African Union and…