Archive for ‘November, 2009’

Internet campaign bears fruit for exiled businessman

Internet campaign bears fruit for exiled businessman

By Lance Guma
30 November 2009
An exiled Zimbabwean businessman who says his bank was illegally seized from him by the government in 2004 has managed to use an internet campaign to block a major financial institution from buying the disputed asset. Gilbert Muponda fled the country after a controversial crackdown in the financial sector saw his [...]

PM not happy about GPA implementation

PM not happy about GPA implementation

HARARE — Zimbabwe Prime Minister Morgan Tsvangirai complained Sunday that his unity government deal with President Robert Mugabe was not being implemented and appealed for South African help.
“The real problem is not about the conflict. The real problem is about implementing the Global Political Agreement… then we move our country forward,” Tsvangirai told a Movement [...]

Zimbabwe Commonwealth re-admission a positive move

The Times Editorial: President Jacob Zuma’s call, at the Commonwealth summit in Trinidad and Tobago, for Zimbabwe to be readmitted to the group, needs to be carefully debated.
 
“President Zuma … welcomed efforts by the leaders of the Commonwealth Group attending the . summit, to consider the readmission of Zimbabwe,” the president’s spokesman, Vincent Magwenya, said [...]

Pushing the envelope of knowledge – business – Part 6 of 20

What would I like to be remembered for?  We all want to be remembered for something. 
Unfortunately, human beings are perishable and all we leave are memories of what we have done on earth. 
We all know we are going to die but we conduct our lives as if we are immortal and I have no doubt [...]

Zimbabwe fails to pay back Malawi loan

 
By Chifundo Malidadi
LILONGWE — Malawian President Bingu wa Mutharika is under fire for lending Zimbabwe US$100 million in June 2007 when the tiny southern African country has so many development projects at a standstill owing to shortage of cash.
To make matters worse, beleaguered Zimbabwe is failing to pay back the loan. It should have finished paying [...]

Interfin Bank to inherit CFX Bank ownership dispute troubles

It is being widely reported that Interfin Bank have decided to go ahead and invest in the disputed CFX Bank Limited. In a recent article entitled “How Interfin got into bed with CFX” which appears at http://www.thestandard.co.zw/business/22311-how-interfin-got-into-bed-with-cfx.html it is clear CFX is suffering effects of being a disputed asset.In generall the market accepts my claim [...]

ZANU PF wasting time talking about the ‘pirates’

Gerry Jackson
26th November 2009
 A news report on Thursday quoted Welshman Ncube saying that the talks which began on Monday focused on “western sanctions against Zimbabwe, pirate radio stations and government appointments including those of the attorney general and reserve bank governor”. While another report said ZANU PF wants ‘the MDC to rein in its supporters [...]

Regional blocs to launch Free Trade Area by 2012

Regional blocs to launch Free Trade Area by 2012

THREE regional trading blocs — the Common Market for East and Southern Africa (Comesa), East African Community (EAC) and the Southern African Development Community (Sadc) — plan to launch a Free Trade Area by 2012.
The Tripartite FTA would be underpinned by robust infrastructure programmes designed to consolidate the regional market through interconnectivity facilitated by all [...]

Business calls for review of tax-free threshold

FINANCE Minister Tendai Biti has been called upon to consider reviewing the tax-free threshold to US$500 in the upcoming 2010 national budget in order to cushion workers and stimulate local demand.
The budget will be presented on December 2 and the tax-free threshold is currently pegged at US$150 per month.
According to a document compiled by the [...]

African Sun opens hotel school in Victoria Falls

 
AFRICAN Sun Limited’s Hospitality Training Academy (HTA) has opened a school at Elephant Hills Resort and Conference Centre in the resort town of Victoria Falls.
The academy has grown over the years to become a fully-fledged tertiary Hotel School, offering a full array of hospitality and tourism courses.
According to the group corporate and communications manager Farayi [...]

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