read all interesting business stories on zimbabwe news spiked. Newsdzezimbabwe business is updated every day and is very reliable.
Zimnat is sponsoring a Zimbabwean financial journalist’s participation in the annual Sanlam Summer School for Financial Journalists being held in Hartebeespoort, which is outside Johannesburg in South Africa, next week. After inviting media houses to nominate a young business or financial reporter who might benefit from this summer school, Zimnat decided to sponsor Tatira Zwinoira,…
The Crisis in Zimbabwe Coalition on October 30, 2018 met with the SADC Chairperson and President of Namibia, H.E Hage Geingob at State House in Windhoek, Namibia to brief him on the deepening political and economic crisis bedevilling Zimbabwe. The meeting, came upon a request by the Crisis in Zimbabwe Coalition and a delegation from…
KinderCare Zimbabwe will host the inaugural Annual conference and Awards ceremony for “Women in Business in the Education Sector (Early Childhood Development)”, under the theme, “Advancing Women’s Participation in Business- change agents of a community”. This will be held at Cresta Jameson, Harare from 1 to 2 November 2018. “We are honoured to have in our…
By Byron Mutingwende The Labour and Economic Development Research Institute of Zimbabwe (LEDRIZ) has produced a publication focusing on the importance of upholding socio-economic rights of the citizens. Dr. Prosper Chitambara, while introducing the publication titled “Socio-economic rights in Zimbabwe: A Situational Analysis 1980–2018 “ to journalists in Harare on 30 October 2018, said…
By Byron Mutingwende Cuba’s Ambassador, Her Excellence Carmelina Ramirez Rodriguez has said her country enjoys a long-standing relationship with Zimbabwe and urged the Southern African country to remain resolute as it works towards development. In an exclusive interview with Spiked Online Media, Ambassador Rodriguez said the relationship between the two countries that date back…
By Byron Mutingwende Southern African countries are meeting in Pretoria to share notes on the current migration management project in a bid to find solutions to the complexity of the issue affecting the regional economic community. In his address during the stakeholders meeting, Dr. Joni Musabayana, the Director of the Decent Work Team…
Zimbabwean companies struggling with getting their staff to work or going about their daily business requiring transport amid the current fuel crisis in Zimbabwe will be able to get round the challenge by using the new Vaya Lift ride service launched by Econet’s Cassava On Demand in Harare on Thursday. The ride hailing service,…
By Michael Mashiri Oxfam Zimbabwe has launched a programme called Climate Adaptation for Rural Livelihoods (CARL), which is an initiative designed to end poverty in rural areas. The project endeavours to make sure that rural women increase their income and economic power in sustainable agricultural crop supply chains such as groundnuts, pea beans, cattle and…
The transformation of trade in Africa is a task that all African financial institutions must collectively pursue as major stakeholders in the African Export-Import Bank (Afreximbank) in its quest to facilitate African trade, Amr Kamel, Afreximbank Executive Vice President, Business Development and Corporate Banking, said in Dar Es Salam on Thursday. Speaking during a roadshow organized…
Rolls out convenient, App-based Uber-type transport service Embarks on massive driver recruitment campaign Cassava On Demand Services has launched the much-anticipated ‘Vaya Lift’ ride service, a safe, convenient and affordable passenger transportation service that can be easily booked from anywhere, at any time, via the convenience of a mobile application (App). Speaking at the launch…
By Charles Dhewa While monoculture is mostly understood as the cultivation of a single crop on a farm, area or country, the other half of its definition is the dominance of a single culture, worldview, mindset, set of tools as well as one way of gathering and sharing knowledge. Farmers who think success comes…
By Vimbai Kamoyo Vice President Kembo Mohadi has urged farmers to grow cash crop, castor bean, as it has the capacity to boost economic fortunes of the country. Speaking at a convention organised by agriculture concern Life Brand Agricultural Service, the second in command, said the seed which is used to extract castor…
Access to finance initiative to offer loan products youth-led micro, small and medium sized enterprises (MSMEs) in the Gambia. The International Trade Centre’s (ITC) Gambia Youth Empowerment Project (YEP) and the Social Development Fund (SDF), a non-profit organisation, yesterday announced the launch of the Mini-Loans Scheme, which will increase access to finance for youth-led micro,…
Zimbabwe has been described as one of Africa’s safest destinations to visit in 2019 because its tourism has excited travel editors, researchers, locals and influencers. Because of that, according to Times Live, it made it to Lonely Planet’s list of Best Countries to visit in 2019. The publication said Zimbabwe also made the list,…
Cassava On Demand, a division of Cassava Smartech Zimbabwe is – for the first time in Zimbabwe – set to launch ‘Vaya Lift’, its own ‘Uber’-type ride hailing service. According to Mr Darlington Mandivenga, the Cassava International group executive director, the company is currently putting the final touches to a massive, Econet-style launch of…
The President of the African Development Bank Group (www.AfDB.org), Dr Akinwumi A. Adesina, is pleased to announce the following senior appointments. Director, Integrity and Anti-Corruption Mr. Alan Bacarese has been appointed the Director for Integrity and Anti-Corruption in the Office of the President with effect from January 1, 2019. Alan, a British national, comes with 30 years of experience as a…
By Byron Mutingwende Mrs Gertrude Mandizvidza’s star continues to shine as she has once again stamped authority as a person of high achievement when she walked away with two prestigious awards at the Zimbabwe National Women’s Awards 2018. The awards were held at the glamorous Meikles Hotel on Friday 19 October 2018. The…
By Jacob Mafume (MDC National Spokesperson) Finance Minister Mthuli Ncube is a fraud. He has removed all doubt by his decision to give Acie Lumumba a treasury job. Lumumba is being rewarded for peddling pedestrian propaganda while expressing a vote of no confidence in Nick Mangwana who is so desperate to fill the George Charamba…
By Elvis Dzvene Zimbabwe is not cursed from accessing international financial assistance but actually the nation cursed itself in various ways as narrated below. There are more headlines promising financial assistance from International Money Lenders and some countries yet nothing has come on the table. Apart from the Zimbabwe Democracy Recovery Act (ZIDERA), the nation…
A collaborative team made up of like-minded tourism stakeholders has been established under a shared vision towards realisation of Vision 2030. The establishment of Team Tourism means stakeholders bring their expertise on one platform as opposed to operating in silos. Officially confirming the establishment of the team in Harare today, Environment, Tourism and Hospitality Industry…
By Miriam Zvomuya and Michael Mashiri Yesterday NetOne gave various awards to two of the three schools which won the OneMoney Fees For Less Promotion. The schools which were handed over prizes were Good Hope Junior School and Bridging The Gap Academy. Bridging The Gap Academy won the top prize worth $30 000, comprising of…
Cassava may not yet be a household name in Zimbabwe, but over the next few weeks Cassava is set to become one of the largest companies in the country. The company, best known through its numerous brands that for years have been part of Econet’s products and services, is set to emerge as a…
During the day, USD 82 million worth of investment opportunities were explored by over 60 fast-growing small and medium (SMEs) enterprises Leading business leaders, policy makers and prominent development campaigners joined over 200 delegates to launch the first ever Nutrition Africa Investor Forum (httpss://www.GainHealth.org/knowledge-centre/event/nutrition-africa-investor-forum/) in Nairobi, Kenya. High-level representatives from the World Bank, European Commission, International Finance…
A delegation of the African Export-Import Bank (Afreximbank) led by the President, Prof. Benedict Oramah, on Wednesday in Bali, Indonesia, held talks with a Zimbabwean Government team led by the Minister of Finance and Economic Development, Prof. Mthuli Ncube, and the Governor of the Reserve Bank of Zimbabwe, Dr. John Mangudya, to discuss Afreximbank’s support…
By Clr Jacob Mafume MDC National Spokesperson Zanu PF delights in half-baked solutions which are reactive, not well thought out and often misplaced. The government always runs country through notices mistaken for policy without the backing of a legislative framework. This is the case with the insane, mind boggling proclamation by the Minister of Energy,…
By Miriam Zvomuya Following the outbreak of cholera the past few weeks in Zimbabwe, Liquid Telecom today joined the fight against cholera by replacing sewer and water pipe in Glen Norah B. Speaking at a groundbreaking ceremony today, the Harare City Mayor, His Worship Councillor Herbert Gomba said, “Liquid Telecoms has done a good job…
Room2Run, the African Development Bank (www.AfDB.org) and partners’ innovative US $1 billion synthetic securitisation of a portfolio of seasoned African Development Bank private sector loans, will serve as a model for other lenders, help reduce costs, and shorten execution time, finance experts told participants at a workshop on Saturday. The landmark securitisation instrument, a first for any…
By Charles Dhewa Although many people associate commerce with modernisation, it is as old as the hills. To the extent, commerce refers to the exchange of goods and services, it has existed in many indigenous communities for generations. Indigenous commerce is home-grown commerce tied to the origin of specific communities. While academics may want to…
The Zimbabwe Human Rights Association (ZimRights) has condemned the recent human rights abuses by the police. The human rights violations were perpetrated in a bid to stop plans by the Zimbabwe Congress of Trade Unions (ZCTU) to demonstrate against tax hikes, increases in the prices of basic goods and the economic meltdown. Police arrested and…
By Tendai Guvamombe Harare City Council has embarked on a long term programme aimed at reviving local parks in the Central Business District (CBD) following years of stagnant development in complete isolation. This was revealed by City Council’s Corporate Communications Manager Michael Chideme on Friday at their offices headquartered in the Capital. The council, which…
BY KUNASHE MUKANDE AND MIRIAM ZVOMUYA The Zimbabwe Cross Border Traders Association (ZCBTA) has urged the government to temporarily suspend Statutory Instrument (SI) 64 of 2016 and relax other associated taxes to ease price increases. While addressing a press conference today, the secretary general of the ZCBTA, Mr Augustine Tawanda reiterated that there is a…
By Tendai Guvamombe Foreign currency changers operating at various street points of Harare’s Central Business District (CBD) are reported to have remained operational despite the government intensifying clampdown on all illicit monetary dealings in the city. The outbreak of cholera in some parts of Harare’s Suburbs prompted the government of Zimbabwe to issue a directive…
Elvis Dzvene: Spiked’s Economy, Banking and Financial Analyst (EBFA) The Bond note has failed to solve Zimbabwe’s economic woes. It shows adopting local currency at the moment is akin to embracing weapons of mass destruction by the country. Putting the 1 bond note at par with 1 USD is just a nightmare. Gresham’s law says,…
The facility from CEXIM marks AFC’s inaugural financing facility from the People’s Republic of China (PRC) Africa Finance Corporation(“AFC” or “the Corporation”) (www.AfricAFC.org), the leading infrastructure development finance institution in Africa, announces its successful acquisition of a loan facility from the Export-Import Bank of China (“CEXIM”) of a US$200m 5-year loan and a US$100m 5-year stand-by…
By Byron Mutingwende and Munyaradzi Dhure The Zimbabwe Congress of Trade Unions (ZCTU) has called for nationwide demonstrations on Thursday 11 October 2018 against the recently pronounced fiscal and monetary policy measures. Peter Mutasa, the ZCTU President, while addressing the press on the organised workers’ national action plan against the fiscal and monetary policy measures,…
The economies of the South must work together in order to deal with the uncertainties resulting from the current global trade environment, Prof. Benedict Oramah, President of the African Export-Import Bank (Afreximbank), said yesterday in Bali, Indonesia. Speaking during a Panel discussion on “The Growing Importance of South-South Cooperation Amid Trade Tensions and Global Financial…
Seeking to advance use of innovation and cutting-edge technologies into cultural tourism practices, destinations and products, the International Seminar on Harnessing Cultural Tourism through Innovation and Technology will be held in Hamedan, Iran alongside the 40th UNWTO Affiliate Members Plenary Session (12-14 November 2018). The seminar recognises the significance of innovation in managing and promoting…
By Byron Mutingwende Dr Karikoga Kaseke, the Chief Executive of the Zimbabwe Tourism Authority (ZTA) has all but confirmed the postponement of the much-anticipated Harare International Carnival for the second time in three months. “We postponed the carnival that was supposed to be held in July because of the elections on 30 July….
DHL Express (https://www.DHL.com) has been recognised as a Top Employer in Africa for the fifth consecutive year, at the prestigious Top Employer Africa 2019 certification ceremony, held at the Sandton Convention Centre in Johannesburg on Thursday, 4thOctober 2018. Hennie Heymans, CEO, DHL Express Sub-Saharan Africa said that receiving this recognition from the Top Employers Institute for…
The Association of Healthcare Funders of Zimbabwe has expressed concern that there is no mention of healthcare products in the list of strategic imports for which the Reserve Bank of Zimbabwe says it has put in place $500 million facilities. It has urged the Reserve Bank of Zimbabwe to urgently allocate foreign currency for the…
By Dumisani O Nkomo The “Zimbabwe is open for business mantra “is certainly good for the ear and if implemented properly it carries the potential contribute immensely to economic development. However, there appears to be massive double speak as the government seems to be indicating left and some sections of government and local authorities appear…
By Cllr Jacob Mafume (MDC National Spokesperson) The past few days have been an indictment to Zanu PF, its politics of falsehoods and the habit of stealing elections. Developments have exposed the pretenders in Zanu PF, that the talk of reform is a lie, their promises are fake and that the talk of forex deals…
By Tapiwa Matthew Mutisi Just recently, after being selected by the World Economic Forum to join its Young Global Leaders Class of 2018, Natalie Jabangwe, Ecocash CEO, is yet again amongst the three Zimbabwean business executives and entrepreneurs who have been nominated for the All Africa Business Leaders Awards (AABLA), established to honour business excellence among…
By Elvis Dzvene (Economy, Banking and Financial Analyst (EBFA) Monetary and fiscal policy measures are not only irrelevant but also invalid in curbing Zimbabwe’s current economic problems. Actually, they worsen the situation and make the “Zimbabwe is open for business” mantra a toothless dog. Allow me to express unbiased economic facts which are for the…
By Byron Mutingwende Sustainable development becomes responsible if it is embroiled with prevention of occupational safety and health risks, Dr, Sekai Nzenza, the Minister of Public Service, Labour and Social Welfare has said. In a speech read on her behalf by Minister of State in Vice President Kembo Mohadi’s Office, Mr Davis Marapira…
