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Sunday News

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Oil headed for a weekly loss as Organisation of Petroleum Exporting Countries (Opec) and its allies prepared to meet for a review of their production cuts, while swelling US inventories indicated the measures aren’t working yet. ...

Lagos – A former head of Nigeria’s state-run oil company is under investigation after almost $10m in cash was found at a property he owns. ...

Vincent Gono THE National Indigenisation and Economic Empowerment Board (NIEEB) has adopted a new economic thrust for Community Share Ownership Trusts (CSOTs) aimed at promoting enterprise development and spearhead community empowerment around which micro-level entrepreneurs can conduct their business. ...

Robin Muchetu, Senior Reporter LOCAL firms have been encouraged to invest in talent management as they gear up for economic turnaround. ...

Dumisani Nsingo, Senior Farming Reporter THE Reserve Bank of Zimbabwe (RBZ) has unveiled a $10 million facility for the promotion of horticultural production in an effort to ensure the country is self-sustainable and increase on exports. ...

Busisa Moyo Dickson Mangena, Business Reporter THE country’s manufacturing sector has the potential of absorbing 200 000 workers if Government puts in place legislative framework aimed at improving industry’s competitiveness, an official said. ...

Fairness Moyana, Hwange Correspondent MANAGEMENT at Hwange Colliery Company is now reportedly targeting workers aged above 50 for compulsory retrenchment after there were no takers for its voluntary retrenchment call. ...

Dumisani Nsingo, Senior Business Reporter LISTED leading clothing and merchandise retailer, Edgars Stores Limited’s shareholders have unanimously agreed to receive information pertaining to business operations through electronic communications, a situation which will see the company saving about $10 000 per year. ...

Roberta Katunga, Senior Business Reporter THE Depositors’ Protection Corporation has to date, disbursed $3,2 million to 11 579 depositors who constitute half of the total insured depositors who lost their savings when six Zimbabwean banks collapsed. ...

Roberta Katunga, Senior Business Reporter HOTEL occupancy at the Victoria Falls major hotels remained stagnant in January this year at 28 percent compared to the same period last year, mainly due to low activity at the beginning of the year. ...