adminABCH profits soar
Sithandazile Moyo Business Reporter Regional banking group — ABC Holdings’ attributable profit for the year ended December 31 2013 spiked 49 percent to BWP 198 million from BWP 133 million…
Astro launches mobile app
Sithandazile Moyo Business Reporter Information communication technology company, Bethel Communications operating as Astro Mobile has introduced a mobile application called Mobi Store. Astro media consultant Kevin Nyakotyo said the new…
Facebook takes $2bn dive into virtual reality
SAN FRANCISCO — Facebook on Tuesday announced a $2-billion deal to buy a startup behind virtual reality headgear that promises to let people truly dive into their friends’ lives. Facebook…
Zim woos Chinese firm to invest in mega power project
Harare Bureau ZIMBABWE is courting China Power Investment Corporation (CPIC) to invest in the $2,2 billion Sengwa Thermal Power Station in Gokwe, Finance Minister Patrick Chinamasa has said. “We have…
Platinum firms say stricken workers seek strike end
Johannesburg — Workers striking at the South African operations of the world’s largest platinum producers want to report for duty almost nine weeks after the biggest union called a stoppage…
Lagos issues final masts warning
LAGOS — Lagos has issued a final warning to owners of hollow telecoms masts to pull them down before April 30. The state’s Urban Regulatory Unit (UFRU) said the extension…
Poorly drafted contracts costly
Many employers avoid the cost of drafting legal employment contracts and get employees to sign purported contracts that do not meet the minimum legal requirement of a contract resulting in…
Zim-Asset under spotlight
Business Reporter About 100 youths from across the country are set to attend a two-day symposium to explore the government’s five-year economic blueprint, the Zimbabwe Agenda for Sustainable Socio-Economic Transformation…
Nust students break new ground
Nqobile Tshili Business Reporter A National University of Science and Technology (Nust) student has broken new ground after creating software meant to encourage developers to co-operate. Inspired by the late…
Zim fulfilling payment plan for financiers
Conrad Mwanawashe Business Reporter ZIMBABWE is fulfilling terms of a payment plan it entered into with international financiers towards clearing the $6,1 billion global debt that it owes them, Finance…