FINANCE minister Tendai Biti's National Budget statement last week is the first since Zimbabwe's Independence in 1980 to be presented by a minister who does not owe political allegiance to Zanu PF. This Budget has been presented amidst the Sadc mediation on outstanding issues in the global political agreement (GPA). The Budget also specifies a time frame for its implementation (January-December ...
DO MPs play any significant role in the development of their constituencies or are they mere political figureheads?
INDIGENISATION lobby group, the Affirmative Action Group (AAG), has blasted plans by Finance minister Tendai Biti to set up a Constituency Development Fund (CDF) as "nonsensical". Presenting oral evidence before the parliamentary portfolio committee on industry and commerce on Monday, AAG president Supa Mandiwanzira said the proposed fund would be a medium for political expedience.
A GROUP of foreign investors led by a German financial services company, African Development Corporation (ADC), has acquired a 54% shareholding in Premier Finance Group Ltd in a US$6 million transaction. It is the first transaction that a local bank has successfully courted a foreign investor.
LET'S hope Botswana doesn't feel intimidated by the abuse being hurled at it about "pirate" radio stations. It may be useful to remind ourselves of the context here. In 2000 the Supreme Court struck down ZBC's monopoly of the airwaves. A handful of broadcasters attempted to set up a private station but were raided by police and their equipment confiscated.
THE International Cricket Council (ICC) has confirmed the remaining fixtures in the Intercontinental Cup and Shield competitions which conclude in November 2010 in the United Arab Emirates. The Cup competition includes the top six Associate nations as well as a Zimbabwe XI while the Shield is competed for by the four High Performance Programme Members -- Bermuda, Namibia, UAE and Uganda.
THE South African facilitation team that was in Harare this week has told principals of the global political agreement (GPA) to resolve outstanding issues and implement agreed reforms and warned them that President Jacob Zuma will not allow the country to disturb the 2010 Fifa World Cup tournament. This came at a time when details of the Sadc organ on politics, defence and security-mandated talks ...
WITH an economy growing at an average annual rate of around 10% in recent years, China is undoubtedly a global economic tiger. China is experiencing an impressive economic boom virtually unparalleled in the past two or so decades. The increasing role that is being played by China in the global economy cannot, therefore, be ignored.
ALL along I was not sure whether Bishop Trevor Manhanga is a fully fledged Zanu PF activist or not. I am happy that his long-winded article "GPA: Outstanding issues are mere trivia," in the Herald of December 5 left me, together with many, convinced that indeed Manhanga has become one.
COME New Year, TN Bank founder Tawanda Nyambirai will either be a happy man or a sad one. An extraordinary general meeting (EGM) slated for December 28 will draw the line between a good year and a bad one for the corporate lawyer-cum-businessman.
NIGEL Chanakira, one of the chief protagonists in the Kingdom Meikles Limited (KML) saga, says the demerger of the conglomerate will not affect Kingdom Financial Holdings Limited's (KFHL) dream: listing on Wall Street. To him, Wall Street is the final destination as the brand will compete with the best in the world.
Mozambican businesses on Friday promised that they are able to supply all the requirements of consumers during the coming festive season.
The resident representative in Maputo of the International Monetary Fund (IMF), Felix Fischer, admitted on Friday that the IMF has been making "conservative predictions" of the growth in Mozambican GDP.
The deadline for concluding the reconstruction of the Sena railway line, linking the central Mozambican port of Beira to the Moatize coal basin in Tete province, has been extended yet again, this time from December to the end of January.
The Norwegian government has pledged 1.3 million US dollars to the Mozambican Environment Ministry for a strategic evaluation of the coastal zone.
The Mozambican Hydrocarbon Company (CNH) was "the best company" in Mozambique in 2008, according to the consultancy and auditing firm, KPMG, in its annual survey of the Mozambican economy.
The former chairperson of the catering firm SMS (Mozambique Services Company), Maria Joao Coito, told the Maputo City Court on Thursday that she accepted illegal orders, given verbally by Diodino Cambaza, the then chairperson of the Mozambique Airports Company (ADM), in order to keep her position.
Hearing children's voices singing Christmas Carols and seeing the gratitude on their faces for small gestures of goodwill, is a big reward to the giver. Agra staff members and visitors to the Auas Valley Shopping Mall experienced this last week with the launch of the PMK Social Project by Agra staff.
Bank Windhoek last week awarded 40 students from the Katutura Youth Enterprise Centre (KAYEC) in the capital and in Ondangwa with tool kits. The bank said 20 students in Windhoek and 20 at the KAYEC Ondangwa centre received complete toolkits as a start-up in their chosen careers.
The Namibian Competition Commission (NaCC) which was launched this week, faces a serious skills deficit.
As a rule, I try to avoid topicality when I write these pieces, but every rule has its exceptions. George Bush provided irresistible opportunities that I often could not avoid. So did the credit crisis and the fuel crisis. I kept to my rule of irony and wit. That rule has to have its exception as well. Here it is...
The Mayor of Outapi, Matheus Ndeshitila officially opened the doors of Tusk Mobile, a leo-branded dealer shop situated at the City Centre Complex in Outapi last week. The grand opening was attended by local entrepreneurs, as well as town and community leaders.
Trains are considered an affordable and safe means of transport, but the accident which took the life of a child and left 42 other passengers injured this week, left many Namibians disillusioned.
Selebi-Phikwe Town Council (SPTC) has withdrawn a motion that declared the mayoral and deputy mayoral elections null and void and called for a re-run of the elections.
The Commissioner of Police, Thebeyame Tsimako says the use of illegal arms in criminal activities has increased in Botswana.
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