adminAfrican Development Bank approves Kariba rehab loan
Oliver Kazunga Acting Business Editor THE African Development Bank (AfDB) has approved $70 million for the rehabilitation of Kariba Dam plunge pool and spillway. The regional financier said approval of…
Sino-Zim sees flat cotton production in 2015
Business Reporter SINO-ZIMBABWE does not see any changes in the production capacity of its cotton business in the coming year. This is in spite of efforts by the company to…
Powertel to roll out $32 million fibre optic network project
Tinashe Makichi Business Reporter ZESA Holdings’ subsidiary Powertel has become the first company to have fibre connectivity via Botswana. The power utility also plans to roll out a $32 million…
Rand steady against dollar in quiet trade
JOHANNESBURG – The rand was steady against the dollar but slightly weaker against other major currencies yesterday morning. With little data due — both domestically and internationally — the rand…
Fidelity to cut ties with Sudanese National Insurance Company
Business Reporter FIDELITY Life Assurance of Zimbabwe has started the process of dissolving its joint venture with South Sudanese short term insurer, National Insurance Company of South Sudan.
Zimplow seeks to raise $5m through rights offer
Business Reporter ZIMPLOW shareholders yesterday approved a capital raising initiative to raise $5 million through a rights offer of about 78 million shares to existing shareholders to retire expensive debt…
FlyAfrica to launch more subsidiary airlines
FLYAFRICA said it will launch three more subsidiary airlines across the continent as it forges ahead with its revolution to provide a cheaper alternative transportation mode.
Liberia reports dozens of new Ebola cases
MONROVIA, Liberia — Authorities in Liberia say there have been dozens of new Ebola cases erupting along the border with Sierra Leone. The announcement by Assistant Health Minister Tolbert Nyenswah…
AirAsia pilot denied request to climb
A WARSHIP is on its way this evening to collect an oil sample from the sea to establish whether it has come from missing AirAsia Flight 8501.
First air strikes hit militia-held Misrata
TRIPOLI — Forces loyal to Libya’s internationally recognised government carried out their first air strikes on Sunday against the country’s militia-held third city of Misrata, a spokesman said.