Econet bags global, national awards

Econet Wireless Zimbabwe has demonstrated its stellar organisational capabilities by bagging top global and national awards for outstanding human capital development. The company was recently awarded the top SMI (Success Motivation International) World Client of the Year prize in the US, in recognition of its immense investment in employee development …

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Bird halts Kenyan flight

KENYAN Airways was on Monday forced to halt its evening flight from Harare to Nairobi after its plane suffered a bird strike. BY TATIRA ZWINOIRA A bird strike occurs when it hits the engine of the aircraft and is not uncommon in aviation. A bird strike is considered a safety …

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As Zim eyes ‘green’ funding

Business Reporter Zimbabwe is seeking accreditation with the Global Climate Fund to enable it to float ‘green bonds’ as it looks towards developing debt instruments to finance climate friendly projects. “We are going through the accreditation process,” Infrastructure Development Bank of Zimbabwe chief executive Thomas Sakhala told The Herald Business …

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IDBZ to invest $10m in land acquisition

Golden Sibanda Senior Business Reporter The Infrastructure Development Bank of Zimbabwe (IDBZ), has obtained board approval to spend $10 million to acquire land across the country for its tertiary colleges accommodation and housing projects. Chief executive Thomas Zondo Sakala, told The Herald Business in an interview yesterday that the State-owned …

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Dangers of defaulting on loan obligations

The challenges of loan defaults are not unique to Zimbabwe, but affect a great number of developing and transitional economies. The resolution of the problems caused by loan defaults should be dealt with at national level, because ultimately, the entire economy bears the impact of non-performing loans held by the …

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Facts about cyanide

What is cyanide? Cyanide is a rapidly acting, potentially deadly chemical that can exist in various forms. It is a hazardous substance that can be a colourless gas, such as hydrogen cyanide (HCN) or cyanogen chloride (CNCl), or a crystal form such as sodium cyanide (NaCN) or potassium cyanide (KCN). …

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Bread price increase above board: RBZ

Livingstone Marufu Business Reporter THE Reserve Bank of Zimbabwe (RBZ) says the increase in the price of bread to $1 from 90 cents was arrived at following wide consultations across all sectors and realisation that cost pressures had increased in the baking industry in recent years. This comes at a …

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Parly set to fast-track key Bills

Africa Moyo Business Reporter PARLIAMENT resumed sitting yesterday after a brief adjournment, amid high hopes that legislators will fast- track several Bills regarded as urgent such as the Zimbabwe Iron and Steel Company (Zisco) Debt Assumption Bill and the Insolvency Bill. Justice, Legal and Parliamentary Affairs Minister Ziyambi Ziyambi, reportedly …

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Desperate Zanu PF spins another yarn

A PIPE-DREAM is defined as an ‘unattainable or fanciful hope or scheme’ which is premised on the fact that a goal is neither practical nor sustainable enough to be achieved, something that may be true for Zimbabwe’s ruling party. By TATIRA ZWINOIRA All over the world, as elections draw nearer, …

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Red flags over ED deals

THE Southern and Eastern African Trade Information and Negotiations Institute (Seatini) has raised a red flag over deals the government signed in the past four months, saying they were characterised by opaqueness and lack of public scrutiny. BY MTHANDAZO NYONI In its concept paper for the forthcoming provincial wide consultations …

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