The African Export-Import Bank (Afreximbank) considers factoring as a viable alternative financing instrument for supporting Small and Medium-sized Enterprises (SMEs) at a time when traditional commercial bank lending is tightening while trading is about to begin under the African Continental Free Trade Area (AfCFTA). Kanayo Awani, Managing Director of Afreximbank’s Intra-African Trade Initiative and Chairperson…

Sowell Chikwari (Staff Writer) Zimbabwe and Malawi have moved to expedite the creation of an enabling environment for increased private sector participation and investment in the two countries to stimulate trade and economic growth. This comes as trade between the two countries has declined over the years from a total of US$47 million in 2014…

CBZ Holdings was declared the overall winner of the Best Corporate Governance Disclosures Award for listed companies at the Institute of Chartered Secretaries and Administrators Excellence in Corporate Governance Awards ceremony at Cresta Lodge in Harare on Wednesday evening. The first runner-up was Econet Wireless Zimbabwe. The second runner-up was First Mutual Holdings. FBC Bank…

As Zimbabwe joins the rest of the world in commemorating the United Nations International Anti-Corruption Day, the Zimbabwe Anti-Corruption Commission (ZACC) has said it continues to uphold the integrity and principles of good governance for a corruption-free Zimbabwe by 2030. Addressing members of the press on the 9th of December 2020 in Harare, the ZACC…

A new trade intelligence tool that enables firms to easily explore and compare trade opportunities across Africa has been released ahead of the start of trading under the new African Continental Free Trade Area. The African Trade Observatory was rolled out by the African Union (AU), the European Union (EU) Commission and the International Trade Centre (ITC)…

The interim Governing Council of the Pan-African Payment and Settlement System (PAPSS) held its inaugural meeting in Cairo on 3 December 2020, a historic step towards the operationalization of the payment system. Developed by African Export-Import Bank (Afreximbank), under the auspices of the African Continental Free Trade Area (AfCFTA) Secretariat and the African Union (AU),…

Zimbabwe’s largest mobile network operator, Econet Wireless, has revised its voice, data and SMS bundle prices upwards, by an average 20 percent increment, amid value eroded due to currency devaluation and other rising costs of key network inputs. The mobile operator incurred exchange losses of ZW$10,3 billion in the half-year to August 2020 as a…

Global trade has rebounded strongly, sustaining economies around the world; ‘Digital globalization’ raced ahead as people flows plummeted; Country ranking led by The Netherlands, Singapore, Belgium, the United Arab Emirates and Ireland; Four Sub-Saharan Africa countries among top 10 countries with the largest gains in connectedness. Today, DHL (https://www.DPDHL.com) and the NYU Stern School of Business…

Leading business local think-tank, Global Renaissance has earmarked the 11th of December 2020 for a year-end business dinner that will focus on leveraging trade for economic development in the coming year. Mr. Ngoni Dzirutwe, the Chief Executive Officer of Global Renaissance Investments, the organisers of the much-hyped event, made a clarion call for local and…

APO Group (www.APO-opa.com), the leading pan-African communications and business consultancy, yesterday announced Zimbabwean journalist Debra Matabvu (@dmmatabvu) as the winner of the 2020 APO Group African Women in Media Award. The award recognizes, celebrates, and empowers African women in the media who support female entrepreneurship throughout the continent.   Debra’s win was announced at the 6th…