Zimbabwe's AAG in Britain
The Affirmative Action Group, AAG, is currently in London, Britain to disseminate information to the Zimbabwean business community resident in the diaspora on the prevailing economic developments in the country.The AAG recently unveiled a new executive following leadership wrangles which had threatened to derail the empowerment lobby group.The group, led by its President, Mr Keith Guzah said it is on an intensive drive to inform the European community on the on-going indigenisation and economic empowerment drive by government as well as to call for the unconditional removal of the illegal economic sanctions imposed on Zimbabwe by Western nations. ...Read moreGoldman Sachs linked with sex trafficking
WASHINGTON. — Global investment, securities and sex! Goldman Sachs has long been a big name on Wall Street, but an investigation tying the banking giants to a website linked with sex trafficking has...
South Africa expected to endorse Chinese currency
2012 March 26 | 561 Views
JOHANNESBURG - South Africa will this week take some initial steps to unseat the US dollar as the preferred worldwide currency for trade and investment in emerging economies. Thus, the nation i...
SA's deputy minister of Trade and Industry to lead business delegation to Zim
2012 March 25 | 537 Views
South Africa's deputy minister of Trade and Industry, Elizabeth Thabethe, will lead a business delegation to Zimbabwe at the end of March, the department said.The delegation of about 45 South African ...
How one woman become a billionaire from big pants
2012 March 13 | 607 Views
At 41, Sarah Blakely has just become the youngest self-made billionaire in the world. Not bad for someone who failed law school admission tests twice and went on to work as a meeter-and-greeter for D...
Lerato Mbele resigns from CNBC with immediate effect, slams the channel
2012 February 14 | 611 Views
Lerato Mbele has left CNBC Africa (DStv 410), resigning with immediate effect, and leaving the African business channel without its star anchor and network executives scrambling to fill presenter gap...
Global Alliance Partners 8th Semi-Annual Conference set for Zimbabwe
Global Alliance Partners (GAP), a Hong Kong registered network organization of international, will hold its 8th Semi-Annual Conference of Global Alliance Partners will take place on 21st (Monday) — ...
Stop oil supply to EU before the six-month deadline Iran urged
TEHRAN. - Former Iranian Intelligence Minister Ali Falahian called on Tehran authorities to stop oil supply to the European Union member states before the bloc decides on banning oil imports from Iran...
An entrepreneur's guide to cutting costs, not corners
ACCRA - The New Year is full of many opportunities to start afresh in your business, one way in which this can be achieved, is with costs. Uncontrolled costs can be your worst enemy. When left unchang...
Migration and Development Fund donates € 1.4 to six remittances projects across the African
2012 January 05 | 514 Views
The Migration and Development Fund's oversight committee recently approved a series of grants amounting to € 1.4 million to six remittances funded local development projects across the African cont...
China and Japan plan direct currency exchange agreement
China has been pushing for the yuan to become an alternate reserve currency along with the US dollar China and Japan have unveiled plans to promote direct exchange of their currencies in a bid to cut ...
Brazil overtakes the UK, report
Brazil has overtaken the UK as the world's sixth largest economy, an economic research group has said.The Centre for Economics and Business Research (CEBR) said its latest World Economic League Table ...
World economy to trudge on in 2012 despite Europe
Europe faces another year of dismal economic performance in 2012 that will weigh on global growth, but emerging markets and the United States should at least keep the world economy moving in the right...
Botswana's economy grows by 5.8 percent in third quarter
Botswana's economy grew by 5.8 percent on a quarterly basis in the third quarter, quickening from a downwardly revised 3.6 percent in the second quarter, data from the Central Statistics Office showe...
IMF warns Africa to prepare for Europe fallout
2011 December 22 | 537 Views
Many countries in sub-Saharan African are less prepared to deal with an economic shock now than they were during the 2008 food and fuel crisis and the global financial turmoil that followed, IMF chief...
India releases Zim's rough diamonds worth $22,7 million
2011 December 22 | 546 Views
India's Directorate of Revenue Intelligence (DRI) has released a consignment of rough diamonds worth $22,7 million seized from Zimbabwe, Daily News reported.Latest media reports by global diamond watc...
U.S. economy likely to suffer triple dip in 2012: economist
2011 December 19 | 487 Views
As the painful double-dip in the U.S. economy at the beginning of the year still weighs on Americans, a renowned Wall Street economist warned of a triple dip ahead.Ethan Harris, co-head of Global Econ...
CAD Outsourcing Like Never Before This Festive Season
Clinical Data-Mining (CDM) involves the conceptualization, extraction, analysis, and interpretation of available clinical data for practice knowledge-building, clinical decision-making and practition...
International Monetary Fund approves 2.2-billion-euro rescue fund for Greece
2011 December 06 | 480 Views
The International Monetary Fund (IMF) on Monday approved the release of a long-delayed tranche of rescue fund for Greece under the joint IMF-European Union (EU) bailout program following headway made ...
Africa presents a future of opportunities: Investor Neal Gandhi
2011 December 01 | 478 Views
CAPE TOWN - Africa is the next big thing. This is an apt view of serial entrepreneur and investor Neal Gandhi. Speaking to Entrepreneurship Africa in Cape Town, South Africa, the 43-year-old Gandhi sa...
South Africa shuts its doors on Zim businesses
Zimbabwean businesses exporting goods and services into the lucrative South African market face the spectre of seeing their R1,8 billion market significantly shrink, as the South African government w...
Chinese Yuan could take over as the world's reserve currency: Experts
2011 November 14 | 604 Views
The Chinese yuan, strengthened 16 basis points to 6.3301 against the U.S. dollar on Monday, according to the China Foreign Exchange Trading System.Experts believe the Yuan could take over as the world...
Swaziland teen entrepreneurs wins Company of the Year Competition
2011 October 30 | 489 Views
ACCRA- Eco Eagles, a team of teen entrepreneurs from Swaziland, has won the Company of the Year Competition, organised by youth charity Junior Achievement (JA) Worldwide and sponsored by Barclays.The...
American Green Card Time
Good people, here is the link to the American Green Card (Diversity Visa) application. Apply FOR FREE and don't pay anything. They close on November 5 so do it now. You only need a digital picture o...
UBS CEO resigns over Ghanaian rogue trading loss
Switzerland - UBS chief executive Oswald Gruebel has resigned over a $2.3bn rogue trading loss, the bank said Saturday. It said Gruebel's decision was an attempt to allow UBS to start afresh following...
SA petrol prices likely to go up next month
The weakening of the rand/dollar exchange rate since the beginning of August is the main reason for South African petrol prices possibly rising around 23c/litre in October, News24 revealed on Tuesday....
The global economy is in a dangerous new phase: IMF
2011 September 20 | 455 Views
The International Monetary Fund (IMF) said on Tuesday that global economy will grow at a slower pace of 4.0 percent this year, a 0.3-percentage point lower than its projection in June.Global growth wi...
Rogue trader of Ghanaian decent causes $2 billion loss at UBS
Swiss banking giant UBS said Thursday that a rogue trader has caused it an estimated loss of $2 billion, stunning a beleaguered banking industry that has proven vulnerable to unauthorized trades.Polic...
U.S. Federal Agency to sue big Banks
The Federal Housing Finance Agency is going to file lawsuits against Bank of America, JPMorgan Chase, Goldman Sachs, and Deutsche Bank, among others, alleging the banks misrepresented the quality of m...
Africa could dump US$ for China's Renminbi
China's renminbi could replace the dollar as the main currency to finance trade between Chinese and African countries, Business Day reported on Tuesday, citing research by Standard Bank. In a sign of ...
SABMiller's pursuit of Foster's turning ugly
Two months after making its first foray, SABMiller's multi-billion dollar pursuit of Foster's is starting to turn ugly.Following a firm rejection from Foster's management on June 21 after it made a A$...
The World Is 'entering a danger zone', World Bank Chief Warns
2011 August 15 | 477 Views
World Bank president Robert Zoellick has warned that the world is "entering a new danger zone" and suggested that recent political deals in the EU have not yet gone far enough to stem the bloc's econo...
India bars controversial Marange diamonds
2011 August 09 | 488 Views
Indian customs are preventing the export of 14 parcels of rough diamonds from Zimbabwe's Marange held in Dubai, IDEX Online revealed. The Dubai authorities cleared the goods for onward shipment.&nbs...
DRC annual inflation edges up to 18.35 pct
2011 July 13 | 481 Views
Democratic Republic of Congo's year-on-year inflation edged up to 18.35 percent at July 3 from 16.37 percent the month before, according to figures from the Central Bank.The Congolese franc has remain...
SA rand firms against US dollar
2011 June 30 | 476 Views
The South African rand was firmer against the US dollar in early morning trade on Thursday as it tracked a euro that had been buoyed by a positive vote in the Greek parliament."We see rand-dollar in ...
Fosters rejects SABMiller takeover move
2011 June 21 | 469 Views
Melbourne - Foster's Group on Tuesday rejected a A$9.5bn ($10.1bn) cash takeover offer from SABMiller as too low after the global brewing giant offered only a slim premium for Australia's largest bre...
Comesa's Tripatite Free Trade Area agreement signed
THE Second Tripartite Comesa-EAC-Sadc Summit that brought together the leaders and representatives of 26 African countries opened at the Sandton Convention Centre here yesterday morning with the signi...
Americans' disapprove how Obama is handling the US economy
2011 June 07 | 439 Views
Washington - Americans' disapproval of how President Barack Obama is handling the US economy and its growing budget deficit has reached new highs amid broad frustration over the slow pace of economic...
Renewed rush for Zim gems
2011 June 03 | 463 Views
The Indian government has been urged to swiftly act to accept imports of stones from Zimbabwe's Marange mines after South Africa authorised dealers to take stones from her neighbor.The Surat Rough Dia...
10 million credit card accounts exposed to hackers, Sony apologizes
Sony has revealed that 10 million credit card accounts may have been exposed two weeks ago when a hacker broke into the company's computers in San Diego and stole data from 77 million PlayStation Net...
Greece slips closer to the edge
Recent comments from German officials apparently accepting that Greece may eventually need to restructure its debts have rattled the markets and appear to dash any hopes that the Portuguese bail-out w...
European Union banks threat to global stability: IMF
2011 April 13 | 444 Views
Washington - Unhealthy European banks are the biggest threat to global financial stability, and they need to find fresh capital, the International Monetary Fund (IMF) said on Wednesday."Many institut...
Uranium-mining investments at risk
Billions of dollars of uranium-mining investments in Australia could be at risk if explosions and radiation leaks at reactors in quake-hit Japan prompt governments to rethink plans to produce more nuc...
World Diamond Council close to getting Zimbabwe and KP back in negotiations
The World Diamond Council (WDC) has initiated informal discussions to bring Zimbabwe back to negotiations with the Kimberley Process (KP) regarding diamonds mined at Marange.WDC president Eli Izhakoff...
Oil spikes as Libya unrests disrupts supplies
Oil surged more than 7.5% to its highest since August 2008 on Thursday on concern unrest in Libya could spread to other major oil producers in the Middle East, including Saudi Arabia.Brent crude futur...
ArcelorMittal - steel demand Vulnerable to variables
This article was take from www.fm.co.zaWith a less optimistic outlook on steel demand than its parent company, ArcelorMittal SA (Amsa) foresees a year of mixed fortunes. Global steel requirements, an...
New Internet-Based Money Transfer Service for Zimbabwe
2011 January 20 | 525 Views
WorldRemit has recently launched an award-winning internet based money transfer service which makes sending money much easier for Zimbabweans and Zambians living abroad. By partnering with Barnfords ...
Double-dip recession may hit Europe
2011 January 19 | 476 Views
Geneva - Europe could be hit by a double-dip recession this year, hurting a global economic recovery already weighed down by flagging growth in the United States and Japan, a UN study warned Tuesday....
Chinese yuan, safest currency: expert
USA(Chicago) - The Chinese yuan is "one of the safest currencies in the world," global investment expert Jim Rogers said here Wednesday.Speaking on an occasion at the well-known Union League Club of ...
Oil prices edge lower
Singapore - Oil prices were down in afternoon Asian trade on Tuesday after plans were announced for an alternative to a crude pipeline in Alaska that was shut down due to a leak, analysts said.New Yor...
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