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The African Export-Import Bank (Afreximbank) has announced the donation of $1.5 million to support the relief effort in aid of the victims of Tropical Cyclone Idai which devastated the southern African countries of Mozambique, Zimbabwe and Malawi recently. Afreximbank President Prof. Benedict Oramah said that the relief package was approved by the Bank’s Board of…
EcoCash has set aside $5 million for small businesses in the Cyclone affected areas in Zimbabwe which include Manicaland and Masvingo as part of an initiative to help rebuild the economy of their areas. The initiative, named ‘Project ReBoot Livelihoods (PRL)’ by Econet Wireless founder Mr Strive Masiyiwa, will see EcoCash, working with its sister…
Capital Markets Evaluator Akribos Research Services (Akribos) says Econet Wireless Zimbabwe (EWZ)’s shares are currently undervalued resulting in low trading activities. This comes as Cassava Smartech Zimbabwe (Cassava), which demerged from the telecommunications giant in December 2018, is experiencing increased trade activity on the local stock exchange and its shares have for the most part…
The European Commission has unveiled its recommendations for security mechanisms for the 5G era, and Huawei lives to fight another day, at least for the next couple of months. While this is the proportionate response many telcos have been calling for, it does not quite give the concrete position of certainty they might have been…
Future Leaders Global Harare, as part of a global movement of Future Leaders and entrepreneurs in Africa and Europe is hosting the 2019 edition of their leadership development program aimed at entrepreneurs aged eighteen to thirty-five (18– 35) in Harare. The annual program that is set to run between April and September 2019, is aimed…
Econet Wireless has not withdrawn its relief effort operations to victims of Cyclone Idai because of alleged political interferences, contrary to some reports. In a statement, Econet said it was continuing with its relief work, and its teams had as of Tuesday March 26, 2019, carried out the highest number of missions in a single…
In an effort to promote the widespread adoption of crypto, a team of developers have created a wallet that will allow its users to access digital currency services from within their favourite messaging applications such as WhatsApp. Using the Wuabit service users will soon be able to send, receive, trade, and perform other tasks relating to…
Ride-sharing firm Uber has announced it is buying Dubai-based rival Careem for $3.1bn (£2.3bn). Careem was established in 2012, and operates in 15 countries across the Middle East, Africa and Asia. The firm will continue to operate under its own brand as a subsidiary of Uber. “This is an important moment for Uber as we…
Companies in the Masawara Group on Friday (22 March) handed over relief packs to Public Service, Labour and Social Welfare Minister Sekai Nzenza and Deputy Local Government, Public Works and National Housing Minister Jennifer Mhlanga to help those affected by Cyclone Idai. The Masawara Group is made up of the Zimnat Insurance Group, Cresta Group…
By Elvis Dzvene First and foremost what is it that we don’t have? Is it a begging culture that is in us that we can’t do without? We have plenty of suitable land for commercial purpose, minerals, recreational resources, we have academics, policy makers, and we have technical expertise so if I may ask what…
By Tendai Guvamombe The Adam Molai Foundation a local private voluntary organisation registered with the ministry of Public Service, Labour and Social Welfare recently proved that life is meaningless without access to good health services when they roped in medical doctors and other related facilities aimed at assisting Cyclone Idai victims. President Mnangagwa declared last…
Intro text we refine our methods of responsive web design, we’ve increasingly focused on measure and its relationship to how people read. A wonderful serenity has taken possession of my entire soul, like these sweet mornings of spring which I enjoy with my whole heart. Even the all-powerful Pointing has no control about the blind…
By Charles Dhewa Although rural communities in Africa may not directly push-back donor support, murmurings of dissatisfaction with some development interventions are getting louder. Such concerns are being expressed when farmers meet in markets and farming areas. Some community leaders are mastering the courage to loudly reflect on how long they will continue relying on…
The annual Economic Commission for Africa Conference of African Ministers of Finance, Planning and Economic Development – COM2019 (www.UNECA.org/CFM2019) – kicked off in Marrakesh on Wednesday, with emphasis on the importance of digitalisation in enhancing African economies as the continent celebrates the first anniversary of the highly hailed and historic signing of the Africa Continental…
The People and Earth Solidarity Law Network (PESLawyers) with the support of environmental and wildlife organisations in Zimbabwe, petitioned Parliament of Zimbabwe on 21 March 2019 requesting that information and decisions concerning the export of Zimbabwean elephants, rhinos and other wildlife be made transparent and accessible to the public. The organisations supporting the petition include…
TN Livestock Trust (TNLT), a subsidiary of Lifestyle Holdings, has re-opened its “cattle bank” where farmers can deposit their cattle for a number of years and are able to earn interest and borrow funds from a selected bank at “low” interest rates. The firm is owned by lawyer, Tawanda Nyambirai. The cattle bank, a 540-hectare…
Government has intensified efforts to partially privatise telecommunication companies Telone and NetOne and is offering the two entities to potential investors as a joint package. Cabinet yesterday gave the nod to this arrangement after a presentation by Finance and Economic Development Minister Professor Mthuli Ncube. Public enterprise reforms are espoused in Government’s Transitional Stabilisation Programme…
State-Owned mobile communications firm, NetOne, recorded the biggest growth rate of 32,7 percent on its mobile money platform, OneMoney in the fourth quarter of last year. OneMoney, which has been battling for acceptance by the market since launch about one and half years ago, saw subscriptions rising to 241 566 in Q4 2018, up from…
Zimbabwe’s telecommunications companies are being deserted by their foreign partners that service and upgrade their systems due to inability to meet payment obligations in foreign currency. Telecommunication companies are not being prioritized in terms of foreign currency allocations by the Reserve Bank of Zimbabwe (RBZ), which has resulted in recent network problems. However, the regulator…
Zimbabwe’s mobile network operators recorded a 36% increase in revenue to $1,1 billion in the full year to December 2018 despite a 25% increase in operating costs, POTRAZ reported. The country has three licensed operators, two of which are State-owned — NetOne and Telecel and a third which is privately-run, Econet. A sector report by…
WhatsApp Business, a separate version of WhatsApp that’s designed to allow businesses to communicate with their customers, has begun to launch on iOS. WABetaInforeports that it discovered the app on the Mexican App Store, and users have subsequently reported that the app is also available in France and Brazil. WhatsApp Business was first released on Android…
Ecobank (www.Ecobank.com) is proud to announce that its prestigious Ecobank Academy will be training 150 senior leaders of the International Federation of Red Cross and Red Crescent Societies (IFRC) from 45 African countries this week to strengthen their leadership skills with regard to helping the communities they serve. The IFRC is leveraging its partnership with…
By Tendai Guvamombe Free Zim Congress political party leader Joseph Makamba Busha has said Emmerson Dambudzo Mnangagwa’s government has failed dismally to act diligently and proffer solutions to myriad challenges due to leadership inadequacy. Addressing members of the media on 20 March 2019 in the Harare, Free Zim Congress leader took time to reflect on…
Washington Mkombodzi has created a free online shopping application, ZimexApp which provides a virtual platform for small businesses (SMEs) to reach out to the market. Mkombodzi said he saw the need for a central place that would allow people in Zimbabwe to post and list their products because the internet has become the main information…
UN humanitarian chief Mark Lowcock yesterday allocated US$20 million from the United Nations’ Central Emergency Response Fund (CERF) to ramp up the humanitarian response to Tropical Cyclone Idai in Mozambique, Zimbabwe and Malawi. The bulk of the funding will kickstart the response in worst-hit Mozambique. The cyclone made landfall near Beira City, Sofala Province in…
Zimbabwe Tourism Authority has announced this year’s dates of Sanganai/Hlanganani World Tourism Expo. Speaking at a press conference in Harare yesterday, Acting Chief Executive of the regulatory authority Rita Likukuma said the Fair will be held from 12 – 14 September 2019 at the Zimbabwe International Exhibition Centre. Likukuma said the registration has opened and…
Google announced Stadia, a new cloud-based gaming platform, at its GDC 2019 keynote Tuesday morning. It’s a major move for Google into the video game business, which is increasingly building toward streaming as a solution. Stadia is not a dedicated console or set-top box. The platform will be accessible over the internet on a variety of…
South Africa’s industry regulator Icasa announced that Kwese has successfully applied for a free-to-air television broadcasting licence, allowing the company to launch free-to-air TV services, like those operated by the SABC and Etv, in South Africa. Icasa also issued Kwese Free TV with a radio frequency licence on the DT multiplex MUX 3. This means…
The African Export-Import Bank (Afreximbank) has made the case for factoring as a viable and sustainable solution to address the challenge of access to financing which is hindering the growth of Africa’s small and medium-scale enterprises (SMEs). Kanayo Awani, Managing Director of the Intra-African Trade Initiative at Afreximbank, said on 12 March during a factoring…
One week before it’s expected to lift the curtain on a long-rumored video streaming service at an event on March 25, Apple announced two new iPads. Starting at $499 (£479, AU$779), the new iPad Air features a 10.5-inch Retina display and the same A12 Bionic processor used in the iPhone XS. The new $399 (£399, AU$599) iPad Mini will…
Zimbabwe’s payments ecosystem faces collapse as players in the sector are failing to pay licensed and maintenance fees to foreign service providers. In recent weeks, the banking systems, which heavily rely on telecoms infrastructure, have come under strain with services being constantly disrupted. Zimbabwe Information and Communication Technologies (ZICT) Chairman Jacob Mutisi said the country…
TelOne says it has appointed a consultant who will advise the company on the restructuring of its staggering $380 million debt as it seeks to clean its books and attract private capital. TelOne is among a number of state-owned enterprises and parastatals that have been earmarked for reform as government moves to wean off the…
We can exclusively confirm that we now have the newly appointed Postal and Regulatory Authority Of Zimbabwe, POTRAZ Board, after months of nudging the parent ministry, well done to the newly appointed ICT Minister Hon Kazembe Kazembe for finally putting this matter to rest. The minister once asked about the board he responded promising that…
By Charles Dhewa Policy makers in developing countries are often blamed for lacking the vision to craft appropriate agricultural policies that can guarantee food security and better standards of living for their people. While good policies are considered magic bullets, there is no sufficient proof that countries that have developed their economies have done so…
Econet Wireless has issued a statement denying reports that its network faces collapse due to the non-payment of a foreign debt to a network platform supplier. Media reports doing the rounds are that a $17 million foreign currency payment outstanding to Swedish telecommunications multinational Ericsson is at the centre of Econet’s troubles after the Reserve…
Telecel Zimbabwe (Pvt) Ltd is set to be evicted from its two rented premises belonging to First Mutual Investment Company (Pvt) Ltd after accumulating rental arrears amounting to US$40 843. First Mutual is said to have approached the High Court in order to make Telecel settle the arrears and the MNO is yet to respond…
By Byron Mutingwende The Simuka-Phakama 2018 Green enterPRIZE Innovation Challenge is creating a platform for green enterprise development and eco-innovation to thrive Zimbabwe by empowering the citizens and businesses, particularly the youth and women, to become drivers of green and decent jobs creation. By facilitating their access to a tailored business development programme, supported by…
Tendai Guvamombe As the national economy continues on a free fall, many people are now increasingly embracing entrepreneurship through various activities in order to make ends meet. A survey conducted by Spiked Online Media at various places in Harare like Glen Norah, Budiriro and Hopely indicates that many people have drastically changed the traditional narrative…
Kwese Sports has partnered with 234Bet, an online betting company for an advertising deal for the Premier League broadcast. The deal, which was signed on Monday, will be aired on Kwesé Free Sports and its sub-license stations such as NTA and AIT. Kwesé Free Sports is Africa’s largest free-to-air channel with operations in 29 countries….
What are a few hours playing videogames and a handful of tweets worth? $1 million if you are Tyler Blevins, known to millions as “Ninja,” the world’s most-followed computer gamer. Blevins was one of a few select professionals with huge followings pulled in by videogame giant Electronic Arts Inc to play and promote its latest…
YouTube has announced the launch of YouTube Music in South Africa. The new music streaming service offers music videos, official albums, singles, remixes, live performances, and covers from YouTube. While fans can enjoy the new ad-supported version of YouTube Music for free, YouTube has also announced YouTube Music Premium, a paid membership that gives you…
Kenya’s Safaricom recently revealed that it had secured a deal to use its M-Pesa mobile payment service for online shopping on one of Alibaba’s platforms, part of a move to expand its most profitable product beyond Kenya. AliExpress customers in Kenya can now pay for goods using M-Pesa following a partnership deal with Safaricom and…
The African Development Bank (www.AfDB.org) will double its climate finance commitments for the period 2020-2025, the Bank’s President announced today at the One Planet Summit taking place in Nairobi. Akinwumi A. Adesina said that the Bank would commit at least US$25 billion towards climate finance. Speaking at a plenary in the presence of Heads of…
Institute of Chartered Secretaries and Administrators in Zimbabwe president Letitia Gaga has called on chartered secretaries, many of whom are in key executive positions, to contribute to bringing to fruition government’s vision of making Zimbabwe an upper-middle class economy by 2030. Addressing members of the Institute’s Harare branch on Tuesday (March 12), Mrs Gaga said…
A Memorandum of Understanding (MoU) between Mashonaland Holding Limited and Touchroad International Holdings Group will see Harare getting a new five-star luxury accommodation. The development is a significant one as it comes at a time the Tourism Industry in Harare is in dire need for revitalisation, new offerings and above all need additional luxury hotels,…
