Churches concerned by moral decay revealed in Auditor-General’s findings

Church leaders under the Zimbabwe Heads of Christian Denominations (ZCC, EFZ, ZCBC, UDASIZA) held an engagement meeting with the Office of the Auditor General. They said the 2018 Audit Findings shows that there is breakdown in corporate governance across all institutions of the state. “Public resources are misused and diverted for individual gain. Stewards are…

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TIMB paints a gloomy future for tobacco industry

By Byron Mutingwende   The Tobacco Industry and Marketing Board (TIMB) Chief Executive Officer Dr Andrew Matibiri has provided statistics that paint a gloomy future for the crop that has sustained most farmers in the past.   Dr Matibiri revealed the information while giving oral evidence to the Parliamentary Committee on Lands, Agriculture, Climate, Water…

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NANGO Analysis of Transitional Stabilisation Program

In October 2018, the Government of Zimbabwe introduced the Transitional Stabilisation Programme (TSP) to stimulate economic growth and stabilise the macro-economic environment in the country. The programme is from October 2018 to December 2020. It is aimed at building a foundation that will ensure a prosperous and empowered upper middle-income society by 2030. TSP Relevance Today and…

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Study targets lapsed areas in corn research

By Anna Wiber To increase the quality of corn used in foods such as tortillas and chips, scientists from University of Minnesota, PepsiCo and Corteva Agriscience are calling for more research on the ingredient’s production. In the Crop Science journal article “Food-Grade Maize Composition, Evaluation, and Genetics for Masa-Based Products,” authors state that an insufficient understanding of…

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Government Contracting And Investment Disputes; Lesson For States And Investors – Africa

East Africa International Arbitration returns to Nairobi The annual East Africa International Arbitration Conference (https://www.EAArbitration.com/) returns to Nairobi this summer on the 29th & 30th August 2019 at the Radisson Blu Hotel for its 7th edition. EAIAC provides an unrivalled platform for International Arbitration practitioners, arbitration users, state counsel, academia, and in-house corporate lawyers to learn, share best practice, network and…

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Seven lies against mass markets in developing countries

By Charles Dhewa Like many practices that are seriously misunderstood in developing countries, mass markets are full of distortions, faulty assumptions and wrong thinking. To assist policy makers, investors and ordinary people in getting past a number of lies and discover the real truth about mass markets, eMKambo has taken time to identify and expose…

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Wages have failed to keep pace with the inflationary trends: ZCTU

The Zimbabwe Congress of Trade Unions (ZCTU) General Council, the highest making decision body in-between the Congress, met today 20 July 2019 to receive reports on the state of preparedness towards action against poverty, the deteriorating and unstable macro-economic environment.   A statement revealed that the General Council noted that working people of Zimbabwe have…

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International Wheat Congress to focus on nutrition

SASKATOON, SASKATCHEWAN, CANADA — The International Wheat Conference will gather July 21-26 in Saskatoon, Canada, with a goal to strategise on ways to meet projected nutritional needs of 60% more people by 2050. More than 800 delegates, including researchers from the CGIAR Research Program on Wheat, CIMMYT, the International Center for Agricultural Research in the Dry…

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International online ride hailing service inDriver starts recruiting Harare drivers

A unique international online ride hailing service, inDriver, which allows passengers to negotiate the fare with drivers, has begun recruiting drivers in Harare for the service, which it intends to launch in the capital towards the end of this month. inDriver, which is headquartered in New York, has 26 million users in more than 200…

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Environment, Tourism and Hospitality Industry Ministry Continues To Shine

The Priscah Mupfumira-led Environment, Tourism and Hospitality Industry ministry has added another feather to its cap after Zimbabwe Parks and Wildlife Management Authority was awarded the prestigious 2019 Sustainable Green Award in Berlin, Germany. The award, endorsed by the German Federal Government, was received by ZimParks Director General Fulton Mangwanya on July 16 to round…

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Afreximbank Appoints Idrissa Diop Compliance Director

The African Export-Import Bank (Afreximbank) has appointed Idrissa Diop, formerly of Ecobank Transnational Inc., as its new Director of Compliance. Mr. Diop, who, until his appointment, was Ecobank’s Group Head of Compliance, replaces Maureen Mba, who retired from Afreximbank in May after a long meritorious service. The new Director comes with 20 years’ experience from various…

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Regional standards woes pose non-tariff barrier in Africa push for free trade area

By GERALD ANDAE – Business Daily All has not been with Africa’s trade fabric amid standoffs over market access. For example, Kenya’s milk has had difficulties over time in accessing the Zambian market, while the actual sell-by date of the Kenyan tea has been a subject of controversy in Sudan because of different standards. And…

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Tourism Roadshows in UK Creating Synergies for Zimbabwe’s Economic Recovery

Tourism stakeholders led by Minister Prisca Mupfumira are in the United Kingdom to engage the Diaspora on how best to create synergies and work together in turning around economic fortunes for Zimbabwe. Speaking at the engagement workshop in Birmingham yesterday, Mupfumira said since the ushering in of the Second Republic, Zimbabwe has been generating renewed…

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ZCDC, Alrosa in Diamond Mining and Exploration Partnership

By Tatenda Mujeyi The Zimbabwe Consolidated Diamond Company (ZCDC) and Russian firm Alrosa have signed a diamond mining and exploration partnership at Munhumutapa Building in Harare yesterday. The signing ceremony which was attended by the President of Zimbabwe, Russian Ambassador, senior government officials, and senior Alrosa management is a follow up to the country’s Diamond…

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Global grain production to stay ahead of demand

By Susan Reidy ROME, ITALY — While global demand for agricultural products is expected to grow 15% in the next decade, productivity growth is expected to increase slightly faster, according to an annual report by the Organization for Economic Cooperative and Development and the Food and Agriculture Organization (FAO). As a result, inflation-adjusted prices of…

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The ease of doing business fallacy in low income countries

By Charles Dhewa Besides focusing on pleasing foreign investors, the easy of doing business hype https://tradingeconomics.com/zimbabwe/ease-of-doing-business gives an impression that business is easy.  If doing business was easy everybody would be a business person.  Farmers and entrepreneurs who wait for conditions to become favourable in order to get into business will stop forever.  Most organisations…

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Mupfumira urges UK Diaspora community to invest back home

The Minister of Environment, Tourism and Hospitality Industry, Honourable Priscah Mupfumira urged the Zimbabwe Diasporas to return home and invest in various sectors of the economy for the development of Zimbabwe. The Minister is leading a delegation currently holding a countrywide diaspora homecoming roadshow in the United Kingdom aimed at increasing arrivals and heightening investor…

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Africa50 Welcomes Zimbabwe as its 31st Shareholder, Receives Additional Equity from AfDB

During its General Shareholders Meeting (GSM) in Kigali yesterday, Africa50, the pan-African investment platform, announced that the Republic of Zimbabwe has joined as its 31st shareholder. Speaking during the event, Africa50 CEO, Alain Ebobissé, thanked the government of Zimbabwe for its commitment to the institution, which marks a welcome expansion in southern Africa. “We are…

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NetOne Joins Other Organisations in Assisting Cyclone IDAI Victims

Resurgent NetOne emerges as Mobile Network of Choice in Zimbabwe

The year 2018 witnessed the resurgence of NetOne as the leading Network of Choice in Zimbabwe, with a historic $88 million turnaround from a loss position of $77 million in 2017, to a profit of $10 million in 2018, company Chief Executive Officer Lazarus Muchenje has said. “Our EDITDA grew from $15,1 million to $38,2million,…

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On World Population Day UNFPA, Government of Zimbabwe open clinic and youth centre

On World Population Day the Government of Zimbabwe and partners today officially opened Tariro Clinic and Youth Centre in the Hopley area. The facilities were constructed by City of Harare through a skills development project for young people that was supported by the United Nations Population Fund (UNFPA), International Labour Organisation (ILO) and private cement…

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Food insecurity continues to rise in Southern Africa – new SADC Report Projection puts 41 million at risk

According to the Southern African Development Community (SADC) 2019 Synthesis Report on the State of Food and Nutrition Security and Vulnerability in Southern Africa, 41.2 million people in 13 countries are estimated to be food insecure in the 2019/20 year. Comparing the 11 Member States that provided data last year, food insecurity has increased by 28 percent and…

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FAO, WFP programmes improving food security in drought-prone Masvingo Province

By Byron Mutingwende   United Nations agencies of the Food and Agriculture Organisation (FAO) and the World Food Programme are implementing projects to ensure food security in communities in the drought-prone Masvingo Province. WFP Food Assistance for Assets (FFA) Project Courtesy of a United Nations in Zimbabwe organised media tour, this publication visited the  Chebvute…

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Media should drive progressive socio-economic and democratic agenda in the country: Parajuli

By Byron Mutingwende The media plays an important role in defining common denominator in promoting national interest and setting progressive socio-economic and democratic agenda in the country, United Nations Resident Coordinator in Zimbabwe has said. “The role of media, including the newsprint, electronic and online/digital entities, cannot be over-emphasised in national development, which involves advancement…

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How banks and mobile money platforms are robbing farmers and citizens

By Charles Dhewa Mobile money continues to be touted as a solution to the financial exclusion of many people in developing countries. However, examples in Zimbabwe are showing the need for cautious optimism. As an economic hub, Mbare mass market in Harare has more than 500 mobile money agents and the number is increasing. Why? …

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ZPP bemoans discrimination in food distribution

The Zimbabwe Peace Project (ZPP) has bemoaned discrimination prevalent in the distribution of food assistance as the inputs and food aid are channelled through local and traditional structures. ZPP said it has over the years documented numerous cases of destitute and marginalised citizens of Zimbabwe being unlawfully denied social welfare assistance, solely on the basis…

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Opuiyo Oforiokuma Appointed Head of Strategy and Investor Relations at Africa50

Africa50, the pan-African infrastructure investment platform capitalised by the African Development Bank, 27 African countries, and two African Central Banks, is pleased to announce the appointment of Opuiyo Oforiokuma as Head of Strategy and Investor Relations. He assumed his position on July 1, 2019. Mr. Oforiokuma, a Nigerian and British national, is an infrastructure specialist…

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Gondwe, Chitoshi triumph at the 2019 Econet Victoria Falls Marathon

Zimbabwean Christopher Gondwe has won this year’s Econet Victoria Falls Marathon which was run on Sunday, with Zambian Felistus Chitoshi taking the women’s top honours at the same 42.2km race. Gondwe crossed the finish line at Victoria Falls Primary School in a time of two hours, 25 minutes and 36 seconds, ahead of Zambia’s Costern…

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TEF-UNDP Sahel Youth Entrepreneurship Programme Set to Empower Entrepreneurs in 7 Sahel African Countries For 10 Years

The United Nations Development Programme (UNDP) and the Tony Elumelu Foundation (TEF) have launched a youth entrepreneurship programme for the Sahel region of Africa. The TEF-UNDP Sahel Youth Entrepreneurship programme will train, mentor and financially support 100,000 young entrepreneurs in Africa in 10 years . The goal is to contribute to the overall target to…

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SoftBank to Invest $2.25 Billion in GM’s Self-Driving Unit — Cruise

Cruise, a U.S. self-driving vehicle company majority-owned by General Motors Co (GM), on Friday revealed that a U.S. national security panel approved a $2.25 billion investment in the firm by Japan’s SoftBank Corp. SoftBank has come under increasing U.S. scrutiny over its ties to Chinese firms in the face of an escalating trade and technology…

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Econet Media Put Kwesé Play Under Administration Over $130 Million Debt

Just months after Kwesé TV (satellite subscription service) shut down after a troublesome 18 months, last week on Wednesday, Kwesé Play users in Zimbabwe, South Africa and Uganda woke up only to find out that the streaming service was down with error notification that “Econet Nolonger Offers Kwesé Play. For More Information Contact Econet.” Kwesé Play, was launched last…

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Sony’s Latest Noise-Cancelling Wireless WF-1000XM3 Earbuds Takes On Airpods

Its Game on! In the race for the best “true wireless” earbud, Sony has a new horse. Meet the Sony WF-1000XM3. (Not to be confused with the company’s over-ear flagship, the WH-1000XM3.) Back in 2017, Sony’s inaugural pair of true wireless earbuds, the WF-1000X, didn’t stand out among the competition when they hit the market. They were plagued by…

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BMW’s Next CEO Major Task is Reviving The Electric Car Initiative Amid Competition From EVs Like Tesla

In an update on Friday, BMW CEO Harald Krueger will be leaving his post as the German automaker’s CEO. The company announced that Krueger would not be seeking another term in his contract as CEO after it expires next year. A press release from BMW noted that the Supervisory Board will be discussing Krueger’s replacement during a meeting…

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