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Introduction The mid-term fiscal policy review and supplementary budget statement was unveiled by the Minister of Finance and Economic Development on 1 August. The country is facing its worst crisis in 10 years with serious shortages of cash, water, power, fuel, wheat, maize. Economic growth slowed down from 4.7% in 2017 to an estimated 3.5%…
The Tourism Business Council of Zimbabwe says it remains optimistic that this year’s edition of Sanganai Hlanganani World Travel Expo slated for September 12 to 14 will be a success despite fuel challenges. Zimbabwe’s tourism industry has been enjoying a purple patch since November last year due to the positive perception the country has had…
Everyone has a role to play in helping Zimbabwe achieve the vision of becoming a middle income economy by 2030, Health and Child Care Minister Obadiah Moyo said on Friday, when he toured the newly renovated Cimas Medical Laboratory in Harare. Speaking after touring the laboratory, which has been re-equipped as well as refurbished,…
Women’s under-representation in formal entrepreneurial activities has great consequences for Africa’s overall development. The dearth of female scientists and techies has left major untapped potential issues for national economies and future employability. Without access, understanding and participation, women are at greater risk of being left behind as agents of change and leaders in a rapidly…
The growth and opportunity displayed by a diverse spread of International funds, DFIs, Banks, PE firms, institutional investors and others is evidence that despite apparent indifference to African opportunities in SA boardrooms, the continent’s real estate sector has evolved As Central and Eastern Europe become increasingly popular for South Africa’s property sector due to subdued…
With new evidence of increasing vulnerabilities in Zimbabwe as a result of climate and economic shocks, the Government, the United Nations and the humanitarian partners felt the urgency to revise the appeal to cover the multi-sectoral humanitarian needs of the most vulnerable communities up to April 2020. UN Resident Coordinator, Ambassador Bishow Parajuli made the…
The National Energy Policy ((NEP) is expected to yield positive results through advocating for initiatives that promotes generation of power from clean sources. In this regard, Riverside Power Station in Mutoko continues to operate in the way advocated by the policy. The station is generating 2,5MW power to the national grid. The project is in…
By Tatenda Mujeyi The country’s local production and consumption motivational association ,Buy Zimbabwe, has engaged SME’s in Harare on a discussion that is geared towards generating knowledge on how they can better perform. The dialogue tackled a variety of issues from certification, challenges, potential engagement areas, procurement issues, building competitive advantage among other issues geared…
The EU has announced that it is providing an additional €10 million in funding (about USD 11.15 million) to help address growing humanitarian needs in Zimbabwe A combination of climatic shocks, exacerbated by the economic crisis, led to critical food shortages. The situation is not expected to improve until April 2020, when the next harvest…
By Joyce Mukucha There are fears that the Kariba hydro power station which is the Zimbabwe’s massive power plant might shut down next month as the water inflows continue to decrease. Worries are that power constraints will continue in the country until there is reliable, sustainable and universal energy to the Zimbabwean populace. Contentions between…
Zimnat, one of the country’s leading insurance and financial services groups, on Friday (August 2) handed over an ablution block for girls to Chizungu Primary School in Epworth. Zimnat undertook the construction of the ablution block in partnership with Fund a Child’s Education Zimbabwe (FACEZ), a non-profit making organisation that assists marginalised and underprivileged children….
Efforts to achieve market opening should be accompanied with industrialisation and capacity building initiatives to help African countries produce value-added goods, Kanayo Awani, Managing Director of the Intra-African Trade Initiative at the African Export-Import (bank (Afreximbank), has said. In a keynote address during the opening of the Trade with Africa (TWA) Business Summit in…
The Zimbabwe Congress of Trade Unions (ZCTU) has said it is seriously concerned with the negative effect of the 2019 Mid-Term Fiscal Policy Review and Supplementary Budget Statement presented by Finance and Economic Development Minister Mthuli Ncube on 1 August 2019. The union said the supplementary budget, instead of giving hard pressed Zimbabweans some room…
By Charles Dhewa At a time communities in developing countries are diversifying their food systems in order to cope with climate change, isn’t a narrow approach like bio-fortification counter-productive? Could this be yet another example of interventions that are influenced by funders and their collaborators? In several African countries including Zimbabwe, both urban and rural…
THE World Food Programme (WFP)—the biggest buyer of relief food in the country for its operations in the East African region has urged agri-preneurs to step up production of sorghum as there is waiting market. The WFP Country Representative Michael Dunford said here on Tuesday that there huge opportunity for farmers and agri-businesses in the…
Nurses and doctors at hospitals throughout Zimbabwe are set to get free transport for 30 days as Vaya once again rolls out exciting new services. These are a car-sharing service called Vaya Carpool and a minibus service called Vaya Shuttle. Both services will be launched on the 15th of August. The Vaya Carpool will be…
The Housing Corporation Zimbabwe (HCZ) has noted the release of the final Report on the Forensic Investigation into the Affairs of the National Social Security Authority (NSSA) conducted by BDO Zimbabwe Chartered Accountants (BDO). According to HCZ, the report contains several falsehoods as regards to the corporation. HCZ said the untruths are attributable to the incompetent…
The second phase of the Future farm will also include upgrades to the existing road and farm infrastructure and digitizing the mechanisation and agronomy training material AGCO, Your Agriculture Company (NYSE:AGCO) (www.AGCOCorp.com), has revealed plans for further development of the Future Farm project in Zambia. This was announced on 31 July, 2019, at the 150ha…
By Joyce Mukucha The Ministry of Tourism, Hospitality and Industry in conjunction with the Environmental Management Agency (EMA) and other stakeholders urged Hurungwe residents to desist from causing veld fires. It has been observed that in Zimbabwe, the Hurungwe area has the highest rate of triggering veld fires. According to statistics, 122 people in this…
Integrated App offers unique Pay, Chat and Explore features Cassava Fintech International (CFI), in partnership with its local subsidiary Cassava Smartech Zimbabwe, and with Econet Wireless Zimbabwe, have launched SASAI, an integrated social payments platform that combines Payments, Chat and Entertainment services on one single App. “We are excited to bring to the Zimbabwean market…
Old Mutual, Zimbabwe’s leading financial services provider in partnership with British Council launched the Value Creation challenge on 1st August 2019 at Three Anchor House in Harare. The Value Creation Challenge is a nationwide competition aimed at supporting ideas that provide innovative and sustainable solutions to socio-economic challenges. Speaking at the launch dubbed “Eight2Five Value…
Financing from the government, private sector and development partners is an imperative to climate change mitigation, delegates at the Common Market for Eastern and Southern Africa (COMES) workshop in Harare were told. The Workshop is a follow-up to another one that focused on issues related to climate change that was meant to facilitate knowledge generation…
By Tatenda Mujeyi The Minister of Foreign Affairs and International Trade Retired Lieutenant General Dr. Sibusiso Moyo has called for calmness and appraisal of government efforts to address economic challenges at an exporters’ breakfast workshop held in Harare. The minister’s remarks came following mutually shared calls by the Confederation of Zimbabwe Industries (CZI), the Zimbabwe…
By Byron Mutingwende The Zimbabwe United Nations Development Assistance Framework (ZUNDAF) has recorded significant progress regardless of the current economic challenges, which have been exacerbated by climate change effects, Dr. Misheck Sibanda, the Chief Secretary to the President and Cabinet has said. In a speech read on his behalf at the High Level…
Medical aid societies affiliated to the Association of Healthcare Funders of Zimbabwe are paying healthcare service providers at least once a month and in some cases twice a month, AHFoZ has said. However, because most healthcare service providers are benchmarking their fees in United State dollars and using the prevailing exchange rate to charge…
By Tatenda Mujeyi The Common Market for Eastern and Southern Africa (COMESA) country representatives are converged for a training workshop on country tracking compliance on the Paris Agreement by 2020. The workshop is aimed at creating locally designed solutions to the climate change issues as called for by the Paris agreement of 2015. “The Nationally…
By Charles Dhewa Between key informants and literature reviews, which are the most reliable sources of knowledge in developing countries? There is an unfortunate tendency to under-value information and knowledge from key informants like farmers who are coping with climate change. Traders who have seen the informal market surviving several droughts and food processors who…
By Tatenda Mujeyi Cabinet ratified the Beijing Treaty on Audio and Visual performances in a development that will ensure that artists will benefit from their work. “Cabinet considered and approved the Ratification of the Beijing Treaty on Audio Visual Performances which was presented by the Minister of Justice, Legal and Parliamentary Affairs,” the Chairperson of…
By Joyce Mukucha The Minister of Public Service, Labour and Social Welfare, Dr Sekai Nzenza dismissed social media claims that she was hiding fearing the arrest over alleged corruption. Addressing the media at a press conference held in Harare on the 29th of July 2019, Dr Nzenza said she was in Chikomba East in Mashonaland…
Hamid Ayodeji with agency report Stakeholders in the agriculture sector have said the recent signing of the African Continental Free Trade Agreement (AFCFTA) by President Muhammadu Buhari calls for urgent and massive investment in the sector. They emphasised that massive and unprecedented investment in the sector would boost domestic consumption, rural infrastructural development and export…
The Ministry of Energy and Power Development and the subsequent State Owned Enterprises in the energy sector have assured the nation that they are working tirelessly to address challenges that affect the reliability and security of energy supply. This was revealed by Magna Mudzingwa, the Deputy Minister of Energy and Power Development at the Zimbabwe…
By Tatenda Mujeyi Transparency International Zimbabwe (TIZ) hosted a road show in the Harare Gardens under the theme ‘I will pay, not bribe’ to negotiate for the decline in bribery payments. The road show is part of the broad objectives of the organisation to redress the corruptive tendencies of paying bribes. “The campaign is premised…
The rating provides a significant boost for the Bank at a time when it is discussing a substantial general capital increase to finance its strategy and activities over the next few years The Fitch rating, of the African Development Bank (https://www.AfDB.org), published 24th July in London, is affirmed as AAA, with a stable outlook, on…
President Hage Geingob officially welcomed President Emmerson Mnangagwa at State House at the start of an official three day state visit by the Zimbabwean head of state. During a meeting held between the two heads of state, responsible government representatives from both countries signed seven agreements and memoranda of understanding that would further consolidate the…
By Susan Reidy BRUSSELS, BELGIUM — E.U. agri-food exports are maintaining their forward momentum, breaking records in May with a total of €12.8 billion, 13% higher than the same time period a year earlier. Imports also increased to €10.7 billion, up 6% from May 2018, according to the latest monthly trade report from the European…
One of the country’s largest multi-category food companies, National Foods, hosted a welcome dinner for Zimbabwe Gems in Harare in partnership with other corporates. The ‘Gems’ arrived on Wednesday from a fine run in the Women’s Netball World Cup in Liverpool where they finished eighth in their inaugural contest. The team will only break for…
By NANGO The National Association of Non Governmental Organisations (NANGO) Board Chairperson, Ronika Mumbire, led a delegation that met the Governor of the Reserve Bank, Dr. J. P. Mangudya, on the 17th of July 2019. The objective of the engagement was to seek clarity on Statutory Instrument (SI) 142 of 2019 and the subsequent RBZ Directives….
By Tatenda Mujeyi The Youth Connekt Start-Up Bus is bringing together partners to help empower the continent’s youths to play a meaningful role in the development of their respective countries and continent as a whole. The Youth Connekt initiative is currently being piloted in Zimbabwe, by a partnership led by the Ministry of Youth, Sports,…
By Byron Mutingwende Urban Restaurant in Graniteside is the go-to-place for food lovers who appreciate the true unadulterated Zimbabwean Cuisine. Located at Number 17302 Carlton Road in Graniteside Harare at a place popularly known as “Pama Gazebo”, patrons will enjoy their food in serene surroundings with an ambience that is second to none….
By Jeff Gelski WASHINGTON, D.C., U.S. — The global food system needs to change to make sure people have enough food to eat in 2050 without destroying the planet, according to “Creating a Sustainable Food Future,” a World Resources Report released July 17. Reducing food waste, eating more plant-based food instead of animal-based food, and…
PAN-African telecommunications, media and technology group, Econet and global crop nutrition leader, Yara International ASA have launched “Generation Africa”, a partnership initiative to inspire young African entrepreneurs to join the agri-food sector for its viable business opportunities. Generation Africa will reach thousands of young people through its “GoGettaz” competition, which will award US$100,000 in prize…
The needs of Start-ups, MSMEs and SMEs in Africa today revolve around a balanced combination of financing and operational support The Senegalese General Delegation for the Acceleration of Entrepreneurship for Women and Young People (DER), under the auspices of the Presidency of the Republic of Senegal, signed a partnership agreement with GreenTec Capital Partners (https://GreenTec-Capital.com),…
By Tatenda Mujeyi The Ministry of ICT, Postal and Courier Service officially commissioned the ‘Open for Business’ stamps that are being distributed by Zimpost in Harare yesterday. The stamp is assumed to be of ambassadorial significance as it should market the ‘Zimbabwean open for business’ mantra. “While a stamp is widely regarded as a prepayment…
The Hub Unconference at Shoko Festival has officially opened its call for applications for the 2019 Hub Awards with USD8,000 (ZWL equivalent) prizes to be won. The seventh edition of the Hub Awards will be held on the first day of the Hub Unconference which will run from 27-28 September 2019 at the Harare Public…
By Tatenda Mujeyi Transparency International Zimbabwe (TIZ) has engaged key stakeholders in fiscal processes to dialogue towards the institution of informed policies in Harare today. TIZ emphasised the key role the dialogue will play in availing information that generates knowledge on prevailing circumstances and recommend on the improvements that can be implemented. “There is still…
