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By Tatenda Mujeyi The Rainbow Tourism Group, RTG, is in a positive trajectory following the payment of the first dividend and a positive first quarter performance, the Chief Executive Officer, Tendai Madziwanyika said at the Annual General Meeting (AGM) held at the Rainbow Towers Hotel yesterday. The group paid its first dividend of $1.000.000.00 in…
By Tatenda Mujeyi Cabinet has considered and approved the Zimbabwe National Industrial Development Policy (ZNIDP) as submitted by the Ministry of Industry and Commerce in Harare yesterday. ZNIDP seeks revitalisation of the countries industry which has not met a positive growth trajectory due to economic challenges experienced since 2008. The policy seeks to realise improved…
Siemens invests in Southern and Eastern Africa to promote Digital Industries Software portfolio Acquisition of distributor ESTEQ (http://ESTEQ.co.za/) brings an experienced team and long-standing customer relationships to Siemens (www.Siemens.com); Siemens invests in Southern and Eastern Africa to promote Digital Industries Software portfolio. Siemens Digital Industries Software announced today that it has signed an agreement to…
NMB Bank is keen to help promote agricultural exports, which is one of the reasons it is this year participating for the first time at the Agricultural Dealers’ and Manufacturers’ Association (ADMA) Agrishow at Harare’s Borrowdale Racecourse. Its participation at the expo, which is the premiere agricultural event for commercial farmers, provides farmers with the…
The more than one billion US-dollar investment that Econet Wireless Zimbabwe has made in its mobile network infrastructure continues to pay off, despite the strong economic headwinds in the business operating environment. The Zimbabwean economy has been going through one of its most challenging economic spells, with shortage of foreign currency topping many other difficulties…
By Tatenda Mugabe The Insurance and Pensions Commission of Zimbabwe (IPEC) has issued a notice of suspension to Regal Insurance with immediate effect. The notice is based on investigations into allegations levelled against the entity such as failure to settle policy claims and fleecing policy holders. The suspension was enforced in terms of section 67…
In a move to ensure inclusive youth participation in the government and national exercises, a youth-oriented organisation called Youth Voice Mass Movement that is directed towards uplifting the youths and advocating for peace and unity to the country’s current upheavals has been launched. Addressing a press conference recently, the Founding President of Youth Voice Mass…
A record number of students graduated as chartered secretaries on Saturday (June 8) at an historic graduation ceremony at which the first students from a joint Great Zimbabwe University and Institute of Chartered Secretaries in Zimbabwe programme graduated alongside other ICSAZ students. There were 293 graduates who completed their final ICSAZ examinations last year, three…
The 174 room Four Points by Sheraton Dar es Salaam, New Africa Hotel, features spacious and contemporary rooms including suites POINT 1: Marriott International, Inc. (NASDAQ: MAR) (www.Marriott.com) yesterday announced the opening of its second Four Points by Sheraton (Four-Points.Marriott.com) hotel in Tanzania, Four Points by Sheraton Dar es Salaam, New Africa Hotel. The original New Africa…
Zimnat and THI Insurance, which earlier this year entered into an underwriting management agency agreement with Zimnat General Insurance, are jointly participating in this year’s Agricultural Dealers’ and Managers’ Association Agrishow, which runs from Thursday until Saturday at Borrowdale Racecourse in Harare. The agreement between THI and Zimnat General Insurance, which came into effect on…
By Charles Dhewa How capital determines the structure of agriculture and food systems in Africa Although finance will not solve all challenges facing developing countries, the structure of African agriculture is largely shaped by the way capital flows into this fundamental sector. In Zimbabwe, for instance, more than 55% of the entire capital devoted to…
By Tatenda Mujeyi The Zimbabwe Tourism Authority (ZTA) has engaged German tourist destination marketers, Pan Natura, in a bid to enhance promotion of Zimbabwe as a favourable tourist destination. The 10-member delegation visited Mana pools among other Zimbabwean destinations and left Zimbabwe today for German were they said they will market Zimbabwe to potential German…
The CBZ held its 2018 Annual General Meeting with focus on the operating environment, banks 2018 milestones, corporate social responsibility programmes among other topical issues in Harare this week. The AGM noted the success of CBZ during the reviewed period as driven by diversification and new product offerings that are underpinned by expenditure increases. “There…
Exports generated by international tourism reached USD 1.7 trillion in 2018, a 4% increase in real terms over the previous year, a new report from the World Tourism Organisation (UNWTO) shows. For the seventh year in a row, tourism exports grew faster than merchandise exports (+3%), reflecting solid demand for international travel in a generally…
Safeguard Security has advised householders and business people to ensure their properties are secure and that security alarm batteries are adequate to protect their properties during electricity load shedding, particularly at night. The recently introduced load shedding, which is seeing some areas going without electricity for more than 10 hours every day, is leaving…
The African Export-Import Bank (Afreximbank) will provide a credit facility valued at up to two billion Rands (about $140 million) to the Kingdom of Eswatini to enable the Kingdom achieve required funding to meet trade and strategic economic goals, Bank President Prof. Benedict Oramah, has announced in Mbabane. Prof. Oramah, who was addressing King Mswati III…
Zimbabwe Stock Exchange listed mobile network service provider Econet Wireless Zimbabwe is the network of choice for 88 percent of corporate consumers in the country, according to a survey commissioned by the telecoms regulator, the Postal and Telecommunications Regulatory Authority of Zimbabwe(POTRAZ). The consumer satisfaction survey, for the period ending December 2018, conducted by Topline…
By Byron Mutingwende Social dialogue is an effective tool for people to find each other, forge a new national vision and commit to walk together towards a common purpose, Ms Hopolang Phororo, the Director of the International Labour Organisation (ILO) Country Office for Zimbabwe and Namibia has said. Ms Phororo made the remarks…
Letitia Gaga, the Baines Avenue Clinic finance and administration director, has been re-elected for a second term as president of the Institute of Chartered Secretaries and Administrators in Zimbabwe. She was re-elected at the institute’s annual general meeting at its headquarters, Dzidzo House, in Harare on May 22. Dr Sipithi Nkomo and Mrs Gladys Mudyahoto…
Stakeholders are concerned that the industry is lagging when it comes to a number of factors that have not been a traditional focus of the mining industry Revenue up 8% to $683 billion; EBITDA up 4% to $165 billion; Record dividend paid to shareholders of $43 billion up 13% ;Market capitalisation of the Top 40 down 18%…
The Minister of Environment, Tourism and Hospitality Industry has appointed sporting sensation, Tendai “Beast” Mtawarira as Tourism Ambassador at a colourful event at Rainbow Towers Hotel today. The concept of Tourism Ambassadors is widely used as a tool for promoting many destinations across the globe. People are appointed Tourism Ambassadors for their ability to…
The Combined Harare Residents Association (CHRA) has urged Harare Mayor Herbert Gomba to “cease all arbitrary water disconnections” across the City in the absence of a billing system. CHRA described the actions by City of Harare of arbitrarily disconnecting water to arm twist or coerce ratepayers to pay rates when it cannot ascertain payments made…
Discussion runs from 3 June to 3 July 2019 In October 2018, the Government of Zimbabwe introduced the Transitional Stabilisation Programme (TSP) to stimulate economic growth and stabilise the macroeconomic situation in the country. The Programme outlines policies, programmes and projects that will guide Zimbabwe’s socio-economic interventions and initiate policy responses to position the country…
By Tatenda Mujeyi The Postal and Telecommunications Regulatory Authority (POTRAZ) has launched its 2018 Consumer Satisfaction Survey Report at its headquarters in Mount Pleasant, Harare, today. The survey is the third by the regulator and seeks to realise the level of satisfaction by consumers of the telecommunications, courier and Postal products in Zimbabwe every two…
The African Export-Import Bank (Afreximbank) and the Japan Bank for International Cooperation (JBIC) have signed a general agreement for a $300-million export credit line, which can be availed in US dollars and euros, to support projects in Afreximbank member states. The credit line, signed in Cairo on 31 May, will enable Afreximbank provide funds for…
The International Trade Centre (ITC) and UPS (NYSE:UPS), today announced a series of training seminars and workshops for women business owners, as part of the Nigeria chapter of ITC’s SheTrades initiative. The collaboration aims to increase the participation of women-owned businesses in trade by improving their competitiveness, providing solutions for trade logistics and strengthening their support ecosystem…
A global survey conducted by the World Tourism Organisation (UNWTO) and IPSOS shows a positive picture of local residents’ perceptions towards urban tourism. Looking at 15 countries worldwide, the research also identified what residents consider to be the best ways of managing rising numbers of tourists, highlighting differing attitudes to urban tourism among different socio-demographic…
By Charles Dhewa Rural households that receive regular small incomes tend to have a better standard of living than those earning a once-off payment from a single commodity like cotton, cocoa or tobacco. Levels of malnutrition and poverty are often higher among communities that depend on high yielding mono-crops than those surviving on diverse agricultural…
By Tatenda Mujeyi and Byron Mutingwende The decline in biodiversity initiated by malpractices in administering natural resources and ecosystem management is hampering the realisation of maximum potential tourism returns. The remarks were echoed by most speakers at the belated World Biodiversity Day commemorations hosted by the United Nations Development Programme (UNDP) in Harare last Thursday….
Certainly the best view comes after the hardest climb. This is the story at Mtarazi Falls Sky Walk and Zip line on the northern part of the Eastern Highlands of Zimbabwe which was officially opened this Friday by the Minister of Environment, Tourism and Hospitality Industry, Honourable Prisca Mupfumira. Mutarazi Falls is a 762m tiered…
By Tatenda Mujeyi The Procurement Regulatory Authority of Zimbabwe (PRAZ) is meant to foster transparency and accountability, the CEO, Mr Nyasha Chizu said at a breakfast meeting organised by Transparency International Zimbabwe in Harare today. PRAZ emphasised its establishment was a reflection of government’s commitment to effectively institute accountability and transparency on the procurement process….
By Byron Mutingwende Information is a fundamental asset and managing it is critical for ensuring evidence and accountability, Minister of Public Service, Labour and Social Welfare, Dr Sekai Nzenza has said. She made the remarks at a meeting organised by the National University of Science and Technology (NUST) held under the theme “Evidence-based…
Telecommunications company Econet and a global 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 money to two exceptional business…
By Lovemore Chazingwa (Business Correspondent) Faced with a employee base in a volatile but potential filled economy, business minds are invited to explore ways to keep themselves and their employees motivated to deliver and reap the dividends. A workshop hosted by business membership group Premium Business Network International (PBNI) is tomorrow geared to unravel those…
Are roads will be leading to the Business Referral Organisation Wealth Network (BROWN)’s three-day Business Model Design coaching workshop to run from Thursday 6 June to Saturday 8 June 2019 at the Cresta Oasis Hotel. In an interview with Spiked Online Media, Mr. Luke Moyana, the BROWN Director, said the Workshop is designed for entrepreneurs…
Zimnat Life Assurance has introduced a funeral plan, Gadziriro/Lungiselelo, that pays out up to US$6 000 for a family of six for less than five United States dollars a month. For a premium of US$4,99 per month a husband, wife and four children are each covered for an amount of US$1 000 in the event…
Castle Lager, South Africa’s most loved and iconic brand, has joined forces with pan-African sports and entertainment channel, Kwesé Free Sports, to deliver the second edition of Africa’s Premier Social Football League, Africa 5-a-side (Africa 5s), to football fans across the continent. The partnership will afford football loving fans across the continent an opportunity…
By Tatenda Mujeyi The load shedding measures introduced by the power utility, ZESA, have left communities crippled as they can no longer go through their daily business efficiently. The load shedding measures which have seen most neighbourhoods accessing electricity for 12 hours a day commenced last month following announcement that the water levels at Kariba…
By Byron Mutingwende In a move perceived by many as counter-productive, Zimbabwe is set to lose close to US$100 million worth of exports annually after Astro Mobile failed to get support to set up a manufacturing plant in the country but was instead welcomed in Zambia. “The move by the government to put…
By Tatenda Mujeyi The Central African Building Society (CABS) has been implicated in a case of unfair labour practices by the Zimbabwe Bankers Allied Workers Union following the expulsion of ZIBAWU workers committee Chairperson Pikirai Guvheya. Pikirai Guvheya is alleged to have been fired following allegations of failing to follow banking procedures, charges that ZIBAWU feels…
By Charles Dhewa Every time farmers inquire about prices of commodities in the market they are often looking for the highest price. However, unless there are serious shortages, in both formal and informal markets, it is rare for farmers or suppliers to sell the entire consignment at the top price. In almost all agricultural commodities…
The People and Earth Solidarity Law Network (PESLawyers) has launched an application for an interdict with the High Court on Zimbabwe’s trade in wild elephants. The lawyers have since served the court papers on the respondents who are the Zimbabwe Parks and Wildlife Management Authority (Zimparks), The Director-General of Zimparks (in his official capacity) and…
Zimbabwe’s telecoms regulator, the Postal and Regulatory Authority of Zimbabwe (POTRAZ) says it will continue reviewing tariffs in line with cost movements and international best practices following concerns over the high cost of products in the country. Telecommunications service providers announced new tariffs effective April 1 in response to rising costs following the removal of…
Strive Masiyiwa, the Founder and Executive Chairman of the Econet Group was recently recognized by the Yale University and awarded an honorary Doctorate of humane letters by the esteemed institution, Yale University. Strive Masiyiwa was one of the 11 people conferred with honors doctorates in their respective disciplines. These included Chimamanda Achidi an author and Lawrence…
By Tatenda Mujeyi The Tourism Business Council of Zimbabwe has announced its board for the year which will work with the President of the council to see to the implementation of TBCZ’s mandate. The board which comprises of past TBCZ board members and new members from the business and tourism sector will work towards improving…
