African Export-Import Bank (Afreximbank) has announced its execution of a project preparation facility financing head of terms with UTM Offshore Limited (UTM), under which the Bank will part-finance activities designed to progress a Floating Liquefied Natural Gas (FNLG) project in Nigeria to bankability. This deal marks Afreximbank’s ongoing support in leading UTM’s fundraising efforts to…
By the Financial Times Editor Hello from our very busy newsroom in London. Boris Johnson has agreed to step down as UK prime minister after a dramatic few days in which more than 50 members of the government quit. At the time of writing, Johnson plans to remain as caretaker prime minister until the Conservative…
MTN Cameroon announced the adoption of a new data analytics and AI platform to drive its digital transformation plans. The new solution unifies and correlates mobile operator and subscriber data into a single 360-degree view and enables real-time decisioning with LigaData’s Data Fabric and Flare products. MTN Cameroon becomes the thirteenth MTN Operating Company to implement the…
By Bernard Marr This month I was lucky enough to be invited once again by IBM to visit The Championships, Wimbledon. While there, I had the chance to see first-hand how technology is being used to engage fans and audiences worldwide. IBM has been The Championships’ official Information Technology supplier for 33 years, all the…
By Kumbirai Mafunda Human rights lawyer Roselyn Hanzi has asked the High Court to stop Zimbabwe Prisons and Correctional Services (ZPCS) from barring her from consulting in private with her clients who are detained at Chikurubi Maximum Security Prison. On 4 July 2022, Hanzi, who is the Executive Director of Zimbabwe Lawyers for Human Rights…
By Andrew Chibanda (Acting Spokesperson of PAZ) The Passengers Association of Zimbabwe (PAZ) acknowledges all the attempts and measures the government is putting in place to protect its citizenry from the mishaps of the shrunk transport delivery system. In its endeavor to do that the government is fairly failing because the implementation process lacks the…
A call has been made to responsible authorities to swiftly react and attend to water crises faced by learners and teachers at Mashavhi Secondary School in ward 22 of Bikita. Bikita Residents and Ratepayers Association (BIRRA) has raised concerns over the matter saying that there is a great potential for an outbreak of waterborne diseases…
Global Center on Adaptation Chief Executive Officer, Professor Patrick Verkooijen welcomed President Uhuru Kenyatta as the Global Champion for the Africa Adaptation Acceleration Program (AAAP) at the Leaders Dialogue on Adaptation Action in Africa in Nairobi on Thursday 07 July 2022. President Kenyatta has been a key driving force behind the AAAP, an Africa-led,…
The launch of the national disability coordination committee marks a milestone that will facilitate the operationalization of the National Disability Policy and move forward the agenda of inclusion and rights of persons with disability, United Nations Humanitarian and Resident Coordinator for Zimbabwe, Mr. Edward Kallon has said. He made the remarks at the official launch…
Budding ZimDancehall artiste, King Jae, has released a motivational song ‘Energy’ which already is accompanied by a video. Speaking to this publication, King Jae, born James Manama, said Energy is a single that speaks about a cornered man who wants to shrug off all challenges that are in his way. “In this track, I am…
BY Clayton Masekesa MUTARE – Mutare-based community organization – Conscious For Development Trust (CODET) – has engaged the Mutare City Council to increase youth participation in development processes in the city. The initiative is part of CODET’s recently launched Youth Engagement For Accountability in Zimbabwe (YEAZ) programme that is aimed at engaging youths to fully…
Staff Reporter South African businessman Dr. Mandla Lamba is on the path to possibly become the second richest man in Africa after Aliko Dangote, following plans by his electric vehicles (EVs) company Agilitee Africa to issue a US$20 billion Initial Public Offering on the Johannesburg Stock Exchange. Interestingly, the IPO is set to create massive…
The book is a collection of all IIFA resolutions on leasing, with the resolutions arranged, classified, and explained along with the evidence backing them The Islamic Development Bank Institute (IsDBI) has released a new book on the Islamic jurisprudential resolutions related to the leasing contracts, as part of a series of contemporary financial fatāwa in light…
Meta is using the modelling techniques and learnings from the project to improve and extend translations on Facebook, Instagram, and Wikipedia Yesterday, Meta (www.Facebook.com) announced that it has built and open-sourced ‘No Language Left Behind’ NLLB-200 (https://bit.ly/3yJo7KS), a single AI model that is the first to translate across 200 different languages, including 55 African languages…
The Adam Molai Foundation, a private non-profit organization with a pan-African focus that seeks to improve community livelihoods, is launching a sewing project in Marondera. The aim of the project is to foster self-sufficient entrepreneurial income-generating projects that will benefit the underprivileged and vulnerable people that are part of their feeding scheme. Through this initiative,…
By Baboloki Semele The 2022 High-Level Political Forum on Sustainable Development (HLPF) officially opened this week with a call to action from Collen Kelapile, President of ECOSOC and Permanent Representative OF Botswana to the United Nations, to overcome the challenges facing the global community, outlining many reasons for optimism regarding sustainable development. A press statement…
By Baboloki Semele The Government of Japan announced that TICAD8 will be hosted by the Republic of Tunisia from 27 to 28 August in Tunis. TICAD will take place in Africa for the second time after Kenya hosted one in 2016. In light of the outcomes of TICAD7 held in Yokohama in August 2019, Japan…
The High-level Child Budgeting Dialogue by stakeholders held in Harare today has brought to the fore the importance of Child Protection Financing in Zimbabwe. This dialogue led to the exchange of knowledge and generated recommendations that contribute towards shaping and improving national and subnational policy interventions and investment in the Child Protection sector including the…
By Elvis Dumba Raffingora – Women in Raffingora contend that they have become financially independent through the internal savings groups commonly referred to as “mukando”. A group of 125 women regularly contribute money to the group’s financial pool weekly which they used to purchase groceries and household utensils shared amongst members. “The programme has helped…
Winters are unforgiving when it comes to the cold. The less privileged and homeless are mostly affected as they don’t have access to shelter or warm clothing and often depend on handouts to survive the cold. Since 2020 TM Pick n Pay has donated over 5000 blankets to 50 charities in need. The TM…
By Elvis Dumba Harare – Various established and upcoming entrepreneurs have received business management skills and opportunities for markets from the Affirmative Action Group (AAG). One of the recipients of the management skills training, Nyasha Mhonda, who undertook an intensive goat rearing business management training, hailed the initiative. “I am thankful for a great initiative…
By Mike Robuck US President Joe Biden named late Apple co-founder Steve Jobs as a recipient of the Presidential Medal of Freedom, the nation’s highest bestowal for civilians which recognises their contributions to the nation, world peace and more. Jobs is one of 17 people set to be awarded the medal on 7 July, almost…
By Charles Dhewa Besides consuming a lot of money and other resources, many water bodies like dams are under-utilized across Africa. Several dams that were built to support food production have ended up being used for recreational purposes and touristic ventures which do not benefit the majority. Before building a dam, it is critical for…
The exhortation from Africa’s premier development finance institution’s chief was matched by the Irish authorities’ publicly expressed enthusiasm about Ireland-Africa cooperation Since joining the African Development Bank Group (www.AfDB.org) as its 81st shareholder in 2020, Ireland has shown steadily increasing interest in strengthening its economic ties with Africa. That mission received a strong boost last week…
Largest ever country-led exercise to determine realistic education ambitions for 2030 shows that most countries will not meet Sustainable Development Goal 4 of universal access to quality education With less than eight years remaining to meet Sustainable Development Goal 4 of ensuring inclusive and equitable quality education and lifelong learning opportunities for all by 2030, governments are forecasting that,…
By Paul Sinclair, Vice President of Energy & Director of Government Relations, Africa Oil Week (www.Africa-OilWeek.com) and Green Energy Summit Africa. The continent is making policy and legislative progress towards a new dispensation where firms from the region can exploit and develop its own resources for the benefit of its people. Key to this is ongoing…
By Staff Writer Raffingora – Zvimba North Constituency legislator and Ministry of Local Government Deputy Minister, Hon Marian Chombo has urged young people living with HIV to continue having a positive outlook on life and support each other in treatment adherence for healthy living. Donating winter shoes to various HIV+ children and adolescents members of…
The 2022 Econet Victoria Falls Marathon lived to its billing on Sunday, attracting over 4 500 local and foreign athletes as the event made a strong return to the racing calendar after a three-year absence due to the COVID-19 pandemic. The popular marathon, this year attended by athletes from over 30 countries, saw Moses Tarakinyu,…
By Kevin Samaita South Africa-based businessman and Agilitee chief executive Dr. Mandla Lamba is angling to transform the global electric vehicles industry after announcing a US$20 billion Initial Public Offering (IPO) on the Johannesburg Stock Exchange. The US $20 billion IPO will see the company selling US$ 2 billion (10 percent) of the stake. In…
Hon Temba Mliswa, the independent legislator for Norton has called on the government and critical stakeholders to put the youth at the centre of sustainable development programmes. He was contributing to the motion moved by Hon Mathias Tongofa on 21 June 2022 who had encouraged youth to be well acquainted with youth-centred policies, especially the…
The growing customers of leading state-owned mobile telephony company NetOne have hailed the telecommunication giant for its recent system upgrade that has led to an enhanced user experience. Roseline Chisveto, the NetOne Head of Marketing and Public Relations attributed the success to a number of deliberate measures taken by the mobile telephony company that gives…
By Elvis Dumba Raffingora – Zvimba North Costituency Legislator and Local Government Deputy Minister, Hon Marian Chombo hailed the government’s national registration outreach programme for allowing residents easy access to national registration documents. During a visit to two registration outreach centres at Raffingora and Yomba Schools in Zvimba North, Hon Chombo said the exercise will…
Collective bargaining can advance equality and foster inclusion says a new ILO report, the first of a series of flagship reports on Social Dialogue. The higher the coverage of employees by collective agreements, the lower the wage differences are, says the report entitled Social Dialogue Report 2022: Collective bargaining for an inclusive, sustainable and resilient recovery ,…
Canon Central and North Africa Participated in Digicloud Africa Forum 2022 in Conjunction with its Partner Systhen, to Bring Forward its Stellar Range of Products & Solutions Aimed at Accelerating Digital Transformation In alignment with the company’s core pillars of innovation and diversification, Canon (www.Canon-CNA.com) joined hands with Systhen to further augment digitalization services such…
Africa’s natural gas resources provide the continent with an opportunity to speed up the energy transition, reduce emissions and deforestation while at the same time addressing energy security Despite having 620 trillion cubic feet of natural gas reserves, Africa’s over-reliance on wood-based biomass energy remains high, resulting in an increase in land degradation, deforestation, and…
By Kavit Majithia Meta Platforms reportedly reduced its 2022 target for hiring engineers by 30 per cent, as CEO Mark Zuckerberg (pictured) braced the company for what he claimed was likely to be one of the worst economic downturns in recent history. Reuters reported Zuckerberg made the comments in an employee Q&A session, stating Meta Platforms…
All is set for the 14th edition of the Econet Victoria Falls Marathon, to be held in the picturesque tourist destination today (Sunday, July 3, 2022). The hugely popular marathon makes a big comeback to the resort town of Victoria Falls after a three-year absence caused by the COVID pandemic. Econet Group Chief Executive Officer…
By Bernard Marr Smart factory is a term for industrial facilities that combine cutting-edge tech trends like artificial intelligence (AI), internet of things (IoT), digital twins, ultra-fast 5G, and robotics. By building these transformative technologies into all areas of their operations, they are able to lower costs, reduce waste and super-charge their manufacturing operations. Today,…
At their 134th Meeting held on June 13, 2022, the Board of Directors of African Export-Import Bank (Afreximbank) renewed their approval of a US$1 billion facility to operationalise the African Continental Free Trade Agreement (AfCFTA) Adjustment Funds. It also approved a Grant Funding in the amount of US$10 million to seed the Base Fund of…
The Deputy Minister of Environment, Climate, Tourism, and Hospitality Industry for Zimbabwe, Honourable Barbara Rwodzi joined other ministers from the Republic of Mozambique and South Africa in celebrating the Great Limpopo Transfrontier Conservation Areas (TFCA’s) 20th Anniversary in Mozambique, yesterday. On the 9th of December 2002, the three heads of state for Mozambique, South Africa,…
Econet Wireless on Friday officially launched its 5G network in Victoria Falls as the listed telecommunications company expands its rollout of the super-fast data network to other cities and towns across Zimbabwe. “We are making good on our commitment to take this super-fast technology to other parts of the country as we deploy the…
The Postal and Telecommunication Regulatory Authority (POTRAZ)’s annual Hackathon is part of the country’s ICT Innovation Drive whose major objective is to increase ICT research and development as well as its uptake by innovators and research institutions in Zimbabwe, the Minister of ICT, Postal and Courier Services, Dr. Jenfan Muswere has said. The Minister made…
By Staff Writer Banket – Zvimba South Constituency Member of Parliament and ZANU PF Central Committee member, Dr. Phillip Chiyangwa, has said for one to reach financial greatness financial discipline is a necessary virtue. Addressing ZANU PF women’s and youth league members from two Banket party districts during a presentation of one million Zimbabwe dollars…
By Elvis Dumba Banket – Local authorities have been urged to invest in waste management equipment and focus on establishing landfills to ensure community comprehensive waste management. The call was made by Vice President Rtd General Constantino Chiwenga during the National Clean-Up campaign held in Banket yesterday. ” It may take time to purchase all…
In observance of the 1st Friday of each calendar month, the National Clean-Up Campaign as declared by His Excellency, the President of the Republic of Zimbabwe, state-owned mobile network operator, NetOne today mobilized a clean-up exercise in Magwegwe, one of the oldest suburbs in Bulawayo – the City of Kings and Queens. In a bid…
