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Strive Masiyiwa, Econet Wireless founder, this week consolidated his position as one of Zimbabwe’s richest investors after his fintech company, Cassava Smartech (CSZL), became the most valuable counter by market value on the Zimbabwe Stock Exchange (ZSE) when the company listed on the ZSE through an initial public offering. Masiyiwa, whose Econet Wireless Global group controls…
Users of KCB M-Pesa will now get top-up loans, enabling customers to borrow several times within the credit limit assigned to them without being required to first clear outstanding balances. This is an upgrade to the old KCB-M-Pesa system where borrowers could only take another loan after clearing the outstanding balances. The top-up capability is…
Digital mobile lending in Kenya is a space that is ever-growing, whether the motivation is to push for financial inclusion or to simply provide a service in a neglected space, what’s constant is that the sector is ever-growing. As of September this year, there were over 50 mobile loan facilities, including M-Shwari and KCB M-Pesa. A report by FSD…
Kwesé iflix has partnered media company, BusTop TV in coming up with a comedy series, Comic Tick, on the Kwesé iflix platform. Comic Tick features Zimbabwe’s finest stand-up comedians. The first season has 10 episodes and features stand-up comedians Doc Vikela, Mandla Da Comedian and C’skhanyiso Dat Guy among others. In each episode, viewers will get…
MTN Group has announced the appointment of several executives, including the position of Chief Technology & Information Officer and Executive for Corporate Services & Sustainability. Charles Molapisi has been appointed as the company’s Group Chief Technology and Information Officer, effective 1 January 2019. His appointment follows Babak Fouladi’s resignation from the company to take up…
Ho! Ho! Ho! Merry Christmas…Guess what? DStv is giving lower-tiered subscribers an early Christmas gift by opening up some of the premium channels during the end-of-year and beginning-of-2019 festive period. From Tuesday, 18 December until Friday, 4 January 2019, SuperSport 1 (DStv 201) is being made available to DStv Compact Plus, DStv Compact, DStv Family,…
Cassava SmarTech Zimbabwe made history on 18 December 2018 when it debuted in the market at a price of $1,50 per share, valuing the company at $3,8 billion. It immediately became Zimbabwe’s third most valuable company after Delta and Econet Wireless (its now telecoms only, sister company). By any measure this is easily the largest…
Naspers and Canada’s state pension fund have invested $540 million (R7.77 billion) in Indian educational technology startup Byju’s. Bengaluru-based Byju’s launched a learning app in 2015 that offers tools for school students in India, a country with the world’s largest number of children in primary education. The latest investment values the firm at around $3.6…
BMW has joined a handful of automakers to compete with transportation upstart Didi Chuxing, which bought Uber’s Chinese business in 2016. BMW has become one of the first foreign companies to be granted a ride-hailing operating license in China. Last Friday, the German luxury carmaker launched a premium ride-hailing service in Chengdu, the capital of China’s Sichuan…
New study by Malabo Montpellier Panel finds potential to expand irrigation across 47 million hectares in Africa, and boost agricultural productivity, livelihoods and economic growth. Helping more farmers to access and use irrigation systems holds the key to African countries meeting hunger and food security targets, a new report sets out. Food production in Africa…
Econet Wireless Zimbabwe’s fintech business Cassava Smartech Zimbabwe Limited (CSZL) will be listed on the Zimbabwe Stock Exchange (ZSE) tomorrow. This comes after regulatory approvals to spin off the telecoms giant’s smart technology and financial technology businesses under a new holding company CSZL. The company controls 100 percent of Steward Bank, 100 percent EcoCash Limited,…
By Tendai Guvamombe In order to curb challenges ranging from economic turmoils to global warming effects, investing in the vibrant young blood will be a wisest solution, a Boost Fellowship meeting has revealed In Zimbabwe, the Boost Fellowship (BF) under the support of UNICEF is working towards a global youth initiative trending as Generation Unlimited…
The Food and Agriculture Organisation of the United Nations (FAO) has emphasised on the need to address Highly Hazardous Pesticides in Zimbabwe. Speaking at the HHP workshop held in Harare on 13 December 2018, Gabriele Ranieri (Officer in Charge) FAO Subregional Office for Southern Africa, said the world over, countries are facing the challenge…
African Development Bank (www.AfDB.org) President Akinwumi Adesina has saluted Egypt’s strong macroeconomic performance, its improved ranking in the ‘Doing Business Index,’ and the success of major projects in which the Bank is supporting Egypt, lessons that can be learned for the development and the integration of the continent. Adesina was speaking during a session at the…
The country registered a significant milestone in the Tourism Digital Space by launching the AccoLeisure Zimbabwe Travel Guide and the Zimbabwe Destination Video in Harare yesterday. In line with the Transitional Stabilisation Programme (STP), Priscah Mupfumira, the Minister of Environment, Tourism and Hospitality Industry said the launch was in sync with one of the key…
By Charles Dhewa In spite of millions of dollars that have gone into market linkage initiatives in developing countries over the past few years, farmers still struggle to sell their commodities profitably. Post-harvest losses have not gone down, gluts continue to alternate with shortages and relationships between farmers and processors have not improved. This suggests…
The details of the “Desert to Power Initiative” have been outlined as part of the Paris Agreement climate change talks at COP24 in Katowice, Poland this week. Energy poverty in Africa is estimated to cost the continent 2-4 % GDP annually, according to the African Development Bank (AfDB) (www.AfDB.org), which is leading the project. The…
It may have been Zimbabwe’s maiden participation at the Turkey Travel Fair but that did not limit the nations dazzle. The display was captivating, drawing massive interest from exhibitors, tour agencies, and buyers participating at the 12th edition of the Travel Turkey Fair running from 6 to 8 December. The fair is rated among the…
Africa50, the pan-African infrastructure investment platform, has acquired 15% of the equity stake in the Nachtigal Hydro Power Company (NHPC) which runs the Nachtigal hydropower project in Cameroon. Under the terms of the agreement signed today in Yaoundé, Africa 50 purchased its stake from the Government of Cameroon, an Africa50 shareholder, helping free-up public funds…
The Embassy of Sweden announced today SEK 45 million grant to the Zimbabwe Resilience Building Fund (ZRBF) to allow the timely roll out of the Crisis Modifier. Crisis modification is used in Resilience building as a tool to implement early actions based on early warning, in this case to better prepare the communities to withstand…
By Owami Sithole KinderCare Zimbabwe launched Zimbabwe digital evolution learning workshop embracing quality education in the 21st digital era. Educational technology help teachers and students in that it provides benefits such as organization, efficiency, collaboration, communication, extra help and virtual experiences. Kinder Care Zimbabwe launched a digital education resource application called Smart-Kidz Club. In an interview…
By Byron Mutingwende Mrs Bernadette Warambwa has a colour-illustrated book that encourages healthy eating using resources from our local environment. Titled “Nutrition from Our Environment” the book contributes towards the promotion of sound nutrition in both rural and urban areas. “The book is unique in its own ways and displays culinary genius….
There is need to implement significant reforms such as improving the ease of doing business, improving competitiveness, and opening the country to international investors and financiers, Honourable Nqobizitha M. Ndlovu, the Minister of Industry and Commerce has said. He made the remarks at the Zimbabwe International Trade fair (ZITF) Marketing Campaign launch press briefing held in…
EcoCash, Steward Bank partner to offer hassle-free small loans Bank unveils instant *236# bank-account opening service Cassava SmarTech’s fintech businesses EcoCash and Steward Bank have partnered to offer instant, nano loans to their combined customer base of more than 10 million customers. Announcing the launch of Kashagi/Inyuku nano loans in Harare today, Steward Bank also…
People in rural areas who largely depend on agriculture for their livelihoods are grappling a changing climate and unpredictable weather that are putting an additional strain on food production and increasing food prices, the President of the International Fund for Agricultural Development (IFAD) Gilbert F. Houngbo has said. He made the remarks at a press conference attended by…
Zimnat has launched a customer service chatbot, an automated chat that responds to customer queries and provides answers to frequently asked questions. The chatbot has been aptly named Musa. She can help clients with customer service queries as well as redirect them to the online portal. Musa is available on the Zimnat website…
By Charles Dhewa In the absence of evidence-based agricultural policy formulation and implementation, most developing countries always rush to import food without sufficiently understanding their national contexts. During gluts, farmers in areas where fruits are produced in abundance do not benefit from selling nationally compared to when there are shortages. On the other hand, when…
The annual Africa Economic Conference is the continent’s leading forum fostering dialogue and knowledge exchange in the search for solutions to the development challenges of Africa For millions of ordinary travellers, inter-African travel is still too often a nightmare. Be it border hassles, lack of road or air routes linking key cities, or the frustrations…
Hubert Boulet is the Programme Coordinator of the Sustainable Wildlife Management (SWM) Programme at Food and Agricultural Organisation (FAO) HQ in Rome, which is working in 13 pilot countries, including Zimbabwe. The SWM Programme is a major seven-year African, Caribbean and Pacific Group of States (ACP) initiative, implemented by FAO, that seeks to reduce hunting…
The innovation pipeline at Cassava SmarTech is now in overdrive as the company prepares to launch two more services this week. The technology and fintech company’s subsidiary Cassava On Demand will this week introduce Vaya Express, a new package delivery service that will be operated by young people on bicycles and motor bikes. A common…
APO Group (www.apo-opa.com), the leading media relations consultancy and press release distribution service in Africa and the Middle East, today announced the appointment of Lionel Reina as Chief Executive Officer (CEO). Founder and 100% owner of APO Group, Nicolas Pompigne-Mognard, 43, will become Chairman. His focus will be on delivering high-level counsel for APO Group…
Africa50, in partnership with Energy Futures Initiative (EFI) has announced the U.S. launch of the gas reportInvesting in Natural Gas for Africans: Doing Good and Doing Well during a ceremony held on 29 November 2018 at the Atlantic Council Headquarters. In June 2018, Africa50 commissioned a report from EFI to analyze the opportunities and benefits of natural gas…
Package empowers customers to create own unique voice, data, SMS & media bundles Econet Wireless has launched YoMix, a flexible value package that empowers customers to design customised bundles of voice, data, SMS, media, and other value-added services to suit their own needs. Customers will access the service via USSD, using a mobile App, or…
The Passenger Association of Zimbabwe (PAZ) has urged the government and responsible authorities to act on the “unjustified” fare increases imposed on the users of public transport. Speaking to Spiked Online Media on Friday 30 November 2018, Tafadzwa George Goliati, the PAZ President said he had observed with concern that most kombis in Harare…
In his first visit to Zimbabwe since taking office as President of the International Fund for Agricultural Development (IFAD), Gilbert F. Houngbo will meet President Emmerson Dambudzo Mnangagwa and other government officials to discuss investments to improve food and nutrition security, provide employment opportunities for rural youth, and reduce poverty. The visit will take…
Cassava SmarTech has unveiled a foreign currency account (FCA) wallet on its EcoCash platform, the company’s popular mobile money subsidiary. The introduction of the FCA digital wallet, which will appear alongside its existing wallet as an option on the Ecocash menu, comes in the wake of the introduction of foreign currency or Nostro accounts by…
Exhibitor registrations for the inaugural Intra-African Trade Fair (IATF 2018) taking place in Cairo in December has reached 1,054, surpassing the target of 1,000 exhibitors set by the organisers, the African-Export Import Bank (Afreximbank) announced today in Cairo. The trade fair, which is being organised by Afreximbank in collaboration with the African Union Commission and…
By Byron Mutingwende Celebrated economist, Dr. Gift Mugano, the Registrar at Zimbabwe Ezekiel Guti University and Director at Africa Economic Development Strategies has called for austerity in practice as outlined in the 2019 National Budget. Dr. Mugano made the call at Parliament’s post-budget conference held at the Rainbow Towers Hotel in Harare on…
By Miriam Zvomuya The Minister of Energy and Power Development Hon Minister Dr. Joram Gumbo is calling on households and industries to use solar thermal energy for heating to assist in saving and reducing the current power import bill. This emerged at a launch of the Solar Thermal Technology Roadmap and Implementation Plan for Zimbabwe…
By Byron Mutingwende All roads lead to the inaugural Data Science Zimbabwe Conference to be held in Harare on the 13th and 17th of December 2018. The conference seeks to showcase the value of data science skills and data science opportunities through industry case studies presented by local and international speakers. According…
By Charles Dhewa It is not only revenue streams that tend to be seasonal for farmers in developing countries. The demand and use of knowledge also follow seasonal patterns. From leaking market sheds in Mbare market of Harare and makeshift stalls in Mitundu market of Lilongwe to landslides in the land of a thousand hills…
The annual PPC Imaginarium Awards is gearing up for its 2019 edition in Zimbabwe. The competition opened for online registrations in July 2018 and entries are set to close on 30 November 2018. This prestigious competition invites creatives to test their skills and produce innovative works using Portland cement-based concrete. Entrants stand to win…
By Dr Tapiwa Mashakada (MDC Secretary for Finance and Economic Affairs) The 2019 National Budget must be read and construed as a transitional budget whose slant is the sanitisation of the fiscal mess created by the Zanu PF government over a prolonged period of time. Its a stop gap measure budget that is bereft of…
The African Export-Import Bank (Afreximbank) has released its unaudited financial statements for the nine months ended 30 September 2018, showing strong financial and operational performance, with gross income of $546.6 million (a 14.3 per cent increase from the same period last year) and net income of $172.4 million (a growth of 11.9 per cent from…
By Byron Mutingwende The year 2018 has been overflowing with abundant blessings for Mrs Gertrude Mandizvidza, the proprietor of Good Care Pre-school as awards for the institution and her as an individual continue to come. Receiving her sixth award in a row this year alone, Mrs Mandizvidza was actually stunned on the 22nd…
