POTRAZ Adopts New Tariff Models as Service Provision Cost Increases By 23%

POTRAZ Adopts New Tariff Models as Service Provision Cost Increases By 23%

The Postal and Telecommunications Regulatory Authority of Zimbabwe (POTRAZ) has moved away from a fixed model for determining the various tariffs for telecommunications operators to a flexible model. The new model is meant to improve sustainability of the local telecoms firms’ businesses by taking into account their need for viability and customers’ need for affordable…

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ICSAZ launches public sector accounting qualification

ICSAZ launches public sector accounting qualification

The Institute of Chartered Secretaries and Administrators in Zimbabwe has launched a public sector accounting qualification that is designed to strengthen the capacity of public sector accounting professionals in Zimbabwe. The qualification is open to senior executives in the public sector with appropriate working experience in institutions that include state-owned enterprises, parastatals, schools, universities and…

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All Set For ZAA UK 9th Anniversary

All Set For ZAA UK 9th Anniversary

The Zimbabwe Achievers Awards UK (ZAA UK) have released the much anticipated list of nominees for the 9th Anniversary ZAA UK event set for Saturday 25 May 2019 in London at The Millennium Gloucester Hotel, London, 4-18 Harrington Gardens, Kensington, London SW7 4LH. The list features nominees from the fields of academics, business, sport, entertainment…

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EU supports citizen participation in development processes

EU supports citizen participation in development processes

The European Union in Zimbabwe has launched a new call for proposals aimed at strengthening Civil Society Organisations (CSOs) to meaningfully contribute to governance and development processes in Zimbabwe In total, the EU is providing EUR 5 million (approximately USD 5.5 million) for projects that enhance the capacity of civil society organisations to constructively participate…

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EcoCash Sets Aside RTGS$5 Million for Small Businesses

EcoCash Sets Aside RTGS$5 Million for Small Businesses

EcoCash, has set aside RTGS$5 million for small businesses in the country’s cyclone-hit areas. The funding is meant to help rebuild the economy in areas such as Manicaland and Masvingo. In a statement, Econet said the initiative named ‘Project ReBoot Livelihoods (PRL),’ is a brainchild of the company’s founder Mr Strive Masiyiwa.  It will see…

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Civil society worried about Zimbabwe's ballooning debt

Civil society worried about Zimbabwe’s ballooning debt

Civil society under the banner of the Sustainable and Inclusive Debt Management Framework is worried about Zimbabwe’s ballooning domestic and external debt currently hovering between US$17 to $18 billion. The CSOs said the above official statistics is a result of a combination of factors spanning from inherited colonial debt; perennial budget deficits, fiscal indiscipline and…

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How can developing countries build financial systems for environment?

How can developing countries build financial systems for environment?

By Charles Dhewa Not much research is needed to prove that financial systems in most developing countries do not work for the majority of people and for the environment. To the extent that financial systems are fundamentally urban ecosystems, more than 60% of the populations that live in rural areas are not part of mainstream…

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German-African Energy Forum Gives a Boost to Africa’s Energy Security and Investment

German-African Energy Forum Gives a Boost to Africa’s Energy Security and Investment

For over a decade, the German-African Energy Forum has attracted thousands of participants from over 50 countries The African Energy Chamber (https://EnergyChamber.org) congratulates the German Government and the African-German Business Association (Afrika-Verein der deutschen Wirtschaft) on the success of the 13th German-African Energy Forum that took place in Hamburg on March 27 and 28, under…

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Cyclone Idai: Econet leading relief efforts from the front

Cyclone Idai: Econet leading relief efforts from the front

Following a trail of destruction left by the ravaging Cyclone Idai, many international and local organisations and governments are coming with relief and aid but mobile telephony giant, Econet, is leading from the front. Led by Econet Wireless Zimbabwe’s Chief of Staff who is part of Higher Life Foundation, Mr. Lovemore Nyatsine, the mobile telephony…

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ZIMDABA Investment Conference to open country for business

ZIMDABA Investment Conference to open country for business

CAS welcomes a partnership with the Zimbabwe Investment and Development Agency ahead of the second instalment of the ZIMDABA investment conference, scheduled for April 9th-11th, 2019 in London. The esteemed Royal Geographical Society (RGS) is the setting for the second ZIMDABA, an investment conference aimed towards culturing investment opportunities between businesses in Zimbabwe and the…

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Zimbabwe gears up for increased tourism investments

Don’t hike accommodation prices for ZITF: Tourism Ministry

The Ministry of Environment, Tourism and Hospitality Industry has condemned the high level of rates purportedly being charged by some accommodation providers in Bulawayo for the Zimbabwe International Trade Fair. Permanent Secretary in the Tourism Ministry, Mr Munesu Munodawafa said the unpopular reaction to some of the charged rates calls for intervention by the authorities…

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Zambezi Magic switches to a new magical number on DStv channel 162

As part of its hyper-local focus and ongoing commitment towards bringing the best in locally-produced content to audiences in Southern Africa, Zambezi Magic will move to DStv channel 162 on Monday, 1 April 2019.  The switch to a new channel number will make Zambezi Magic available to a wider footprint across Southern Africa to enable audiences…

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NSSA lags at 44% compliance to ILO Social Security Standards

NSSA lags at 44% compliance to ILO Social Security Standards

By Tatenda Mugabe The National Social Security Authority of Zimbabwe (NSSA) is a far cry from meeting the International Labour Organisation (ILO) Social Security Standards number 102 of 1952. NSSA was created to offer Pension and Other Benefits scheme (POBS) to the formal sector employees. The ILO minimum standards range from unemployment benefit, medical care,…

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FDIs should be used to transform Zimbabwean economy

FDIs should be used to transform Zimbabwean economy

By Byron Mutingwende Calls have been made to put to proper use foreign direct investments (FDIs) to ensure the revival of the Zimbabwean economy. The Southern and Eastern Africa Trade Information and Negotiations Institute (SEATINI) has noted that within the current government, Zimbabwe has entered a new political dispensation characterised by high expectations, overdrive to…

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Africa must prioritise domestic revenue mobilisation to triple growth: ECA

Africa must prioritise domestic revenue mobilisation to triple growth: ECA

An increase of 12-20% in tax collection can raise up to $400bn and go a long way in funding $600bn financing gap Africa faces Africa’s needs to build more resilient economies if it is to have the resources to meet its development goals and targets over the next few decades. This requires the continent to prioritise domestic revenuemobilisation…

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Afreximbank Donates $1.5 Million to Support Tropical Cyclone Idai Relief Efforts

Afreximbank Donates $1.5 Million to Support Tropical Cyclone Idai Relief Efforts

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…

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EcoCash to help its agents in cyclone-hit areas to get back on their feet

EcoCash to help its agents in cyclone-hit areas to get back on their feet

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…

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Capital Markets Evaluator, Akribos says Econet Wireless (EWZ)'s Shares Are Currently Undervalued

Capital Markets Evaluator, Akribos says Econet Wireless (EWZ)’s Shares Are Currently Undervalued

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…

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Econet denies reports that it's stopping cyclone relief efforts

Econet denies reports that it’s stopping cyclone relief efforts

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…

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New Crypto Wallet Service Bringing Digital Currency to WhatsApp Users

New Crypto Wallet Service Bringing Digital Currency to WhatsApp Users

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…

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Masawara Group hands over relief packs for 500 families

Masawara Group hands over relief packs for 500 families

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…

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AMF Donations: A Heartfelt Endless Support Towards Cyclone Idai Victims

AMF Donations: A Heartfelt Endless Support Towards Cyclone Idai Victims

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…

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When poor communities start asking searching questions

When poor communities start asking searching questions

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…

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COM2019 covers Policy, Trade and the Private Sector in the Digital Era

COM2019 covers Policy, Trade and the Private Sector in the Digital Era

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…

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PESLawyers petition Parliament for wildlife trade transparency

PESLawyers petition Parliament for wildlife trade transparency

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…

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TelOne, NetOne to be Privatised

TelOne, NetOne to be Privatised

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…

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Foreign Partners Desert Telecom Firms Due to Inability to meet Payment Obligations in Foreign Currency.

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…

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WhatsApp Business App Rollout Begins for iOS Devices

WhatsApp Business App Rollout Begins for iOS Devices

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…

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Ecobank Academy, ICRC partnership boosts leadership capabilities

Ecobank Academy, ICRC partnership boosts leadership capabilities

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…

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Zimbabwe has no sound leadership: Joseph Busha

Zimbabwe has no sound leadership: Joseph Busha

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…

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Washington Mkombodzi Creates a Free Online Shopping Application, ZimexApp

Washington Mkombodzi Creates a Free Online Shopping Application, ZimexApp

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…

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UN Emergency Fund allocates $20 million to Cyclone Idai

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…

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Don't miss 12th Sanganai/Hlanganani Tourism Expo: ZTA

Don’t miss 12th Sanganai/Hlanganani Tourism Expo: ZTA

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…

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