Business now back to normal in Harare (more images)

Business now back to normal in Harare (more images) 1

23rd January 2019 Business, Companies By Idah Mhetu BUSINESS activity has returned to normal in Harare following last week’s three days of a national shutdown which was however prolonged to five days as some operators chose to remain cautious before reopening. Fear and confusion dominated a turbulent week that saw wild protests over fuel price increases among restless citizens. During last week’s countrywide skirmishes, some shops were looted while some were left vandalised by angry protesters. Below are some images of Harare’s CBD captured on Monday this week. All pictures…

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Facebook to tighten political ad rules for 2019 elections

Facebook to tighten political ad rules for 2019 elections 7

AFP Facebook said Tuesday it will tighten rules for political ads in countries with elections scheduled in the first half of the year, building on transparency efforts already underway in the United States, Britain and Brazil after a series of scandals. “As we prepare for major elections around the world this year, we’re continuing our focus on preventing foreign interference and giving people more information about the ads they see across our platforms,” the social media giant said in a post on its Business page. In the US, Britain and…

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Ford, VW call off joint Detroit appearance to announce alliance

Ford, VW call off joint Detroit appearance to announce alliance 9

15th January 2019 Business, Companies By AFP Automakers Ford and Volkswagen on Monday called off a joint appearance at the Detroit auto show set for the following day during which they were widely expected to announce an alliance. The two car giants have been in discussions over a partnership to develop self-driving and electric technologies. But a source close to the talks told AFP that they had so far only produced a deal over commercial vehicles. A highly-anticipated announcement at the US’s premiere auto show in the Motor City was…

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Huawei fires sales manager who Poland charged with spying

Huawei fires sales manager who Poland charged with spying 10

By Associated Press LONDON: The Chinese tech company Huawei on Saturday announced it has fired a sales director who was arrested in Poland and charged with spying for China, saying he has brought the firm’s reputation “into disrepute.” The company said it has “decided to terminate the employment of Mr. Wang Weijing, who was arrested on suspicion of breaking Polish law.” Polish authorities said Friday they have arrested Wang, a Chinese citizen and former diplomat, along with a Polish cybersecurity expert who had held several top government cybersecurity jobs and…

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Coal mine collapses in northern China, killing at least 21

Coal mine collapses in northern China, killing at least 21 12

14th January 2019 Business, Companies By Associated Press BEIJING: Twenty-one coal miners were killed when a mine collapsed in northern China, state media reported Sunday. The disaster occurred Saturday in Shenmu in Shaanxi province in the heart of the country’s coal-mining belt, according to state TV and the Xinhua News Agency. Sixty-six other miners were rescued, the city government said in a statement. The number of fatalities reported in cave-ins, explosions and other disasters in Chinese coal mines has fallen sharply over the past decade, but the industry still is…

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Aliko Dangote still Africa’s richest man – Forbes

Aliko Dangote still Africa’s richest man – Forbes 13

12th January 2019 Business, Companies Africa News Alhaji Aliko Dangote still maintains his spot as Africa’s richest man according to Forbes Magazine. The magazine disclosed that as at January 11, 2019, the 61-year-old was worth $9.9 billion. Forbes listed him as the number one on Africa’s list of billionaires for the year 2019. The Kano State indigene has held the richest man tag for the past few years. He was ranked the 100th richest man in the world in 2018 and number 66 on the Powerful People 2018 list –…

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More distressed Zim companies ring alarm bells

More distressed Zim companies ring alarm bells 15

FIN24 ONE of Zimbabwe’s biggest grocery wholesaler N Richards Group says it is losing up to 15% of turnover per day spent without accessing fuel for distribution. Speaking at a breakfast meeting organised by the Confederation of Zimbabwe Retailers, Thursday, N Richards director Archie Dongo said the fuel situation is dire and is threatening the viability of businesses. “We have rough estimates that when fuel is unavailable in a town; I am looking at a small town where a small change in the environment is quickly noticed (and) when there…

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Lafarge Zim hires new chief as it battles to steady market share

Lafarge Zim hires new chief as it battles to steady market share 17

Business Report Lafarge Zimbabwe has appointed a new chief executive to take charge of the company as it battles to steady market share in light of growing imports and rising competition from local rivals in a liquidity parched market. Kaziwe Siame Kaulule’s appointment as new chief executive took effect this month as he replaces Amal Naiel, who left Lafarge Zimbabwe “to pursue other personal interests” having been in charge of the company for five years. The government of President Emerson Mnangagwa has relaxed import restrictions on products such as cement…

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Emirates appoints new head for Zimbabwe

Emirates appoints new head for Zimbabwe 19

11th January 2019 Business, Companies By UK Bureau EMIRATES Airline has appointed a new manager for Zimbabwe, the Dubai-based airline confirmed Thursday. Nasser Bahlooq’s appointment was one of several across its Africa and Middle East operations. Bahlooq has previously managed the airline’s commercial activities in Yinchuan, China and most recently Yangon, Myanmar, where he supported the launch of the route to Phnom Penh, Cambodia. New appointments were also made for the airline’s offices in Jordan, Kuwait, Bahrain, and Sudan, among others. Commenting on the changes, Thierry Antinori, Emirates’ chief commercial…

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SAA starts to collect millions owed by Zimbabwe

SAA starts to collect millions owed by Zimbabwe 20

By UK Bureau SOUTH Africa’s embattled flag-carrier is in discussions to recover millions of dollars owed by Zimbabwe for ticket sales. South African Airways (SAA) spokesman Tlali Tlali revealed earlier this week that Harare had started to make payments on the debt. Harare is believed to owe SAA more than US$7 million. “There are ongoing discussions between us and the Zimbabwean authorities to ensure that funds due to SAA are finally and fully repatriated,” Tlali was quoated as saying by South African media. Most major airlines had stopped all ticketing…

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