Friday, September 21, 2018
Alain Naef Turkey, Indonesia and Argentina have all seen their currencies experience huge drops in recent months. Similarly, stocks in India, South Africa, Mexico and others have taken a hit. Emerging markets across the board have been under pressure since the US Federal Reserve raised interest rates in June. Governments and...
Thupeyo Muleya Beitbridge - The National Social Security Authority (NSSA) is working on a finalising an agreement with a leading hotel company that will see its Beitbridge hotel re-opening with mixed facilities including accommodation, a casino, tertiary institution and serviced apartments it has emerged. The 136 room state-of the art built...
Govt mulls construction of new, iconic modern bridge Tawanda Musarurwa The Victoria Falls Bridge is a significant trade gateway that economically links Africa’s southern countries with their northern counterparts.The bridge is like a umbilical cord feeding life to economies north and south of the Zambezi River.  It is the only railway...
Golden Sibanda Government says it will engage China’s Anhui Foreign Economic Construction Company (AFECC) to resolve fresh issues that appear to have stalled progress on the implementation of the $1 billion Harare - Beitbridge Highway project. AFECC was awarded the tender for the Harare - Beitbridge dualisation last year after Austrian...
Martin Kadzere The Insurance and Pensions Commission (IPEC) is pushing to have outstanding contribution arrears to local pension funds amounting to $600 million ring-fenced and amortised over a 20-year period — to give the sponsoring employers financial breathing space to recover. The liabilities as at December 31, 2017 constituted 15 percent...
Your smartphone knows your wedding anniversary is coming up, and you have a chat with it about how you might celebrate the event. Based on its deep understanding of you and your spouse, the device suggests a romantic weekend in Paris. You agree.It knows from your photos and calendar...
Tawanda Musarurwa Zimbabwe’s trade with China was just above $1 billion last year, and there is need to put in place measures to increase economic activities between the two countries, Zimbabwe’s Ambassador to China Paul Chikawa has said. Ambassador Chikawa said the two countries have historical strong bilateral ties, and this...
Durban- LIQUID Telecom, the leading Pan- Africa's telecommunications company, is set to connect the entire continent through a land-based communication link between Cape Town and Cairo, the South African and Egyptian cities respectively.Reshaad Sha, Liquid Telecom Chief Executive Officer, made the announcement on Monday at the ongoing International Telecommunication...
Kudzanai Sharara Construction company, Masimba Holdings Limited, recorded a double digit growth rate in revenue for the half year to June 30, 2018, boosted by a solid order book in the housing infrastructure, commercial buildings and civil engineering segments, the company said on Wednesday. Masimba, which provides engineering and infrastructure solutions...
Africa Moyo Senior Business Reporter The Reserve Bank of Zimbabwe (RBZ) is willing to loosen the purse strings in support of the high-riding gold sector, which has become critical in economic transformation through employment creation and foreign currency generation. This comes as the Ministry of Mines and Mining Development, wants to...