admin$20m revenue boost for Cambria Africa looms
Harare Bureau Cambria Africa could get a $20 million revenue boost from the disposal of non-core assets and claims relating to disputes over leased aircraft. This potential revenue could just…
Tarpaulins firms venture into export market
Business Reporters Local tarpaulins and canvas goods manufacturers have started venturing into the export market after concluding different market consultations in the region, an industry player has said. In an…
When customer feedback matters
Peter Sibanda Harare Bureau The other day I got into a large retail outlet in Harare and was amazed to see a book written Write Your Suggestions in bold. I…
Campaigns help curb veld fires
Lungelo Ndhlovu AS the vegetation dries after the end of the summer rains, environmentalists are bracing themselves for another season of bushfires. Poachers and people clearing land for agricultural purposes…
Explosive Hwange AGM expected
Golden Sibanda Harare Bureau Hwange Colliery Company’s forthcoming annual general meeting is likely to be explosive with a major shareholder threatening to block a couple of what he termed “Mickey…
ART Corporation records $1,16m loss
Walter Muchinguri Harare Bureau Diversified group, ART Corporation recorded a $1,16 million loss in the half year period ended March 31, 2014 from a profit of $236,000 a year earlier…
AfrAsia Bank misses deadline
Conrad Mwanawashe Harare Bureau AFRASIA Bank has failed to beat the deadline to settle the $12,5 million for shares held through banker Nigel Chanakira’s Crustmoon which would have concluded the…
South Africa’s largest union threatens strike
JOHANNESBURG — South Africa’s largest union yesterday warned of an imminent strike that could hit the country’s struggling manufacturing sector, amid a deadlock over wage increases. More than 200,000 members…
ECB tests Scandinavian-style negative rates
STOCKHOLM — With its decision yesterday to introduce a negative bank deposit rate the European Central Bank has become the first major central bank to experiment with a mechanism pioneered…
Kenya Airways historic flight lands in France
NAIROBI — Kenya Airways’ inaugural B787 Dreamliner flight has landed in France. The B787 Dreamliner flight services the Nairobi-Paris route. According to a statement by the airline, the Dreamliner has…