Daily Archives: August 11, 2013

Six clubs for Whatever soccer tournament

Mzingaye Sibanda Sports Reporter
SIX social soccer clubs will battle it out in the Whatever Sports Bar Heroes’ Soccer Tournament at New Lobengula Grounds today.
The annual tournament which is held to celebrate the fallen heroes through soccer will see Zimra Bulawayo, Ingwebu, Unity Village, Whatever, Rebels FC and B-Metro battling it out. read more

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Managers ready for battle

LONDON — Football managers don’t win matches, players win matches. Managers may choose the players and the tactics but they don’t score goals or make tackles. Plenty of managers seem to think they are the stars of the show, but fans part with their money to see players in action. The game is about players.That was, broadly, the advice given to most football writers when they were starting out, and it still remains true that you should concentrate on what happens on the pitch and not be unduly influenced by what managers have to say about it. read more

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Villas-Boas calls time on Bale

LONDON — Tottenham manager Andre Villas-Boas has refused to be drawn any further on the future of Gareth Bale who is widely expected to make a record switch to Real Madrid before the September 2 transfer deadline.Bale, who has a foot injury, was missing once again from the Spurs line-up as the Londoners ended their pre-season programme with a 1-1 draw against Espanyol at White Hart Lane on Saturday where summer signing Roberto Soldado marked his home debut with a goal from the penalty spot. read more

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Bubka passionate about getting the young enthused into sport

MOSCOW —  Pole vaulting legend Sergey Bubka’s main policy in his manifesto to be the next president of the International Olympic Committee (IOC) is to get young people around the world enthused into taking up sport.The 49-year-old Ukrainian — one of six men vying to replace incumbent Jacques Rogge when he steps down on 10 September  — quoted a line by former South African president Nelson Mandela to support his case. read more

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Argentine midterm primary delivers political slap to leader Fernandez

BUENOS AIRES (Reuters) – A possible re-election bid by Argentine President Cristina Fernandez seemed less likely on Sunday after Buenos Aires province rejected her candidate in the midterm congressional primary, nominating instead a pro-business, small-town mayor. read more

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A Moroccan MP refuses to participate in the King’s allegiance ceremony

By Youssef Sourgo read more

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Egypt's Al Abbas Transport expands network to Sudan

Egypt: Egyptian trading and logistics firm Al Abbas Transport has announced the expansion of its network with the addition of its latest route between Erqan and Khartoum. The firm also plans to set up a new logistics hub for goods storage in Erqan, which will accommodate the processing of incoming and outgoing goods to and from Sudan. The 362 km route opens up access to Northern Sudan and is aimed at encouraging trade between the two countries, the firm said. [AMEInfo.com]

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Orascom Telecom's Zimbabwean unit renews mobile licence

Egypt: Egypt’s Orascom Telecom has announced its majority-owned Zimbabwe subsidiary has renewed its mobile operating license for 20 years, Reuters has reported. Telecel Zimbabwe paid $137.5 million for the license, Orascom said, the same amount the country’s other two mobile companies had been asked to pay. However, the company did not say whether it had agreed to a demand by the Zimbabwe government that it cut its stake in the business to 40%. In May, Zimbabwe had threatened not to renew the licence until Orascom lowered its 60% stake by turning over a majority of its Telecel shares to local shareholders, Zimbabwe state media said at the time. [AMEInfo.com]

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Egypt names new NBE chairman

Egypt: The Egyptian cabinet has named Hesham Ahmed Okasha as chairman of the National Bank of Egypt (NBE), the country’s largest public bank, Mena has reported. The post of chairman has been vacant since January after Tarek Amer, who headed the bank for five years, submitted his resignation. Okasha, former deputy chairman of NBE, will remain head of the bank until the end of the term of the current board of directors, which ends in three years. [AMEInfo.com]

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Domestic Demand Arising

Domestic demand is picking up and we expect it to accelerate ahead. More investment is a cornerstone, as capital expansion broadens beyond the Christchurch rebuild. But, partly in association with rising investment, household spending has positive momentum too. We anticipate domestic demand growth will exceed 5% through the coming year, a decent clip faster than the 1.5% recorded over the past year. This is the sort of impetus that will put upward pressure on inflation, particularly of the non-tradable kind, and interest rates. read more

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Chinese shares hit three and a half week high on upbeat data, props Asia

TOKYO (Reuters) – Asian shares rose on Monday after Chinese stocks surged to a 3-1/2 week high as investors took heart from last week’s encouraging data from the world’s second-biggest economy, helping offset a slightly disappointing second quarter Japanese GDP report. read more

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Gambia: The unraveling of the economy and the inevitable decline into political chaos

Mathew K. Jallow

Mathew K. Jallow read more

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Zimra introduces e-registration at Beitbridge Border Post

Bus1

Business Correspondent
ZIMBABWE Revenue Authority (Zimra) is piloting e-registration for newly imported vehicles at Beitbridge Border Post, a Zimra official has said.
Addressing the business community and miners in Bulawayo, Automated Systems for Customs Data (ASYCUDA) project manager Mrs Angeline Mashiri said to improve service for car importers, they had introduced e-vehicle registration at Beitbridge Border Post. read more

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UNWTO releases $80 000 for cultural village

Bus2

Ms Sangarwe read more

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