read all interesting business stories on zimbabwe news spiked. Newsdzezimbabwe business is updated every day and is very reliable.
The International Trade Centre (ITC) today announced that 11 national trade promotion organisations have been shortlisted for the 2018 World Trade Promotion Organisation (WTPO) Awards. The 11 TPOs nominated for this year’s awards are from Austria, Egypt, Ghana, Mauritius, Mongolia, Nigeria, State of Palestine, Peru, Qatar, Republic of Korea and Switzerland. The shortlisted organisations are…
Mastercard Foundation and the African Leadership Academy welcome the 2018 Anzisha Prize finalists Twenty of Africa’s youngest entrepreneurs will compete for a share of US$100,000 cash prize Entrepreneurship is central to Africa’s economic growth and is one of the keys to unlocking job opportunities for young people across the continent. Yesterday, Mastercard Foundation in…
By Jacob Mafume (MDC National Spokesperson) Two grown men teamed up to accelerate and exacerbate the already unpalatable suffering of the Zimbabwean people. Zimbabweans who have lost all but hope tuned into different media platforms expecting relief only to get a kick in the teeth. The MDC is disappointed but surprised by the so-called measures…
By Byron Mutingwende The reduction of food losses and waste (FLW) is essential in the creation of efficient value chains, which are the core of sustainable food systems that contribute to food security, nutrition, economic growth and environmental benefit, it has been noted. Berhanu Bedane, the Livestock Development Officer for the Food and…
The State of Sustainable Markets 2018 points to the need for producers, processors, brands, retailers and consumers to move towards a consensus on sustainability. Voluntary sustainability standards (VSS) are experiencing significant growth across the world in response to consumer, buyer and producer demands, according to ‘The State of Sustainable Markets 2018: Statistics and Emerging Trends’ report. Launched…
Marriott International reveals Robust Expansion Plans across Africa: Expects to Increase Portfolio by 50 Percent with over 200 Hotels and 38,000 Rooms by 2023 From the Africa Hotel Investment Forum (AHIF) in Nairobi, Kenya, Marriott International (NASDAQ: MAR) (www.Marriott.com) today announced rapid expansion plans across Africa. Strong demand for select-service brands and conversion opportunities are driving…
By Charles Dhewa It is lamentable that, in spite of setting up hundreds of universities and research institutes, developing countries continue to import knowledge. For instance, African countries are not just importing equipment and finished products from the West and East but also importing knowledge in the form of prescriptions on how to use those…
World Tourism Day 2018 was observed in Budapest, Hungary on 27 September 2018 with the official celebration focusing on the digital transformation in tourism, a World Tourism Organisation (UNWTO) priority. The event examined how investment in new technology provides the sector with opportunities for innovation. Introducing a new seminar-based format, the official celebration provided crucial…
Hippo Valley Estates Acting Chief Executive Officer, Aiden Mhere, has been declared the 2017 Chartered Secretary of the Year. The runner-up is Posts and Telecommunications Regulatory Authority of Zimbabwe (Potraz) corporate services director, Avilla Dororosa Goba. Institute of Chartered Secretaries and Administrators in Zimbabwe (ICSAZ) secretary and chief executive Farai Musamba made the announcement at…
Orange Money is now one of the Group’s leading growth drivers and continues to evolve to better serve people, companies, institutions and governments Orange Money, Orange’s (www.Orange.com) mobile money solution, is celebrating its 10th anniversary. Launched in 2008, the service currently has 40 million customers and is available in 17 countries, reaching €26 billion in transactions in…
By Byron Mutingwende Social cohesion and unity of purpose among stakeholders is the basis for the attainment of pro-poor, inclusive and sustainable economic growth, a dialogue organised by the Labour and Economic Development Research Institute of Zimbabwe (LEDRIZ) has revealed. The dialogue that was held on Thursday 27 September 2018 in Harare was…
“Zimbabwe has security, safety, capacity to be the shining star of Africa due to its natural resources riches and its educated people forging for a better life, and our nativity that has helped us preserve our values and infrastructure despite many challenges we endured,” Ms. Laureen Adam a Zimbabwean business leader and philanthropist has said…
Chartered secretaries must redefine, re-skill and reposition themselves in a way that enables them to come up with formidable solutions when challenges arise, Pan African Federation of Accountants chief executive Vickson Ncube said on Thursday. Addressing the Institute of Chartered Secretaries and Administrators in Zimbabwe annual conference in Victoria Falls, he said what used…
Nutrition Africa Investor Forum (NAIF) is a first-of-a-kind event, hosted by the Global Alliance for Improved Nutrition (GAIN), in partnership with Royal DSM, the SUN Business Network (SBN) and African Business magazine, that aims to position nutrition as a promising new investment area. Over 200 delegates, including dealmakers, entrepreneurs and investors will meet at the…
NMB Bank on Sunday handed over 3 000 buckets, 3 000 units of Water Guard and 120 000 litres of water to the District Health Office in Glen View to help in the fight against cholera in this Harare suburb. The bank teamed up with the Harare City Health Department officials who addressed residents in a…
Econet Wireless Zimbabwe has confirmed that it has developed a loyalty programme designed to reward customer usage of its wide product portfolio. “Yes, we are in the final stages of piloting our loyalty programme, which will be formally launched soon,” Econet’s Media and Communication Executive Fungai Mandiveyi said. He said the programme used a “digital…
The Zimbabwe Congress of Trade Unions (ZCTU) has said the administration of President Emmerson Mnangagwa has started treating the people in the informal sector with heavy handedness reminiscent of the Robert Mugabe era, despite claiming to be a new government of the people. The labour body said most appalling is the way it is using…
Investment in innovation and smart management for tourism will form the major theme of the Ministerial Summit of this year’s World Travel Market, to be held in London, UK (6 November 2018). The 2018 Summit, a joint initiative of World Travel Market and the World Tourism Organisation (UNWTO), will debut a revamped format. This year’s…
A new challenge calling on young innovators across Zimbabwe to design solutions that will improve education, skills development and training for young people, and empower them to take action on issues that affect them, was launched yesterday. Winning applicants will contribute to the success of Generation Unlimited, which is a new, ambitious partnership – launched at a…
Zimbabwe’s marine tourism especially along the Zambezi River has been upscaled as Vice President Retired General Constantino Chiwenga recently commissioned a luxurious boat called the African Dream in Kariba. The boat was reportedly built at a whopping $2,5 million dollars. Another luxury boat is set to be assembled in Zimbabwe beginning in October by engineering…
By Byron Mutingwende Governments are obligated to use tourism as a vehicle for employment creation to contribute to poverty alleviation in Africa, Vice President Kembo Mohadi has said. VP Mohadi made the remarks in his keynote address at the Africa Youth in Tourism Conference (19-23 September 2018) in Bulawayo. “We are obligated…
Digitisation and the rise of the platform economy are changing the way firms do business. To thrive amidst these changes, small firms need strong business ecosystems. ITC’s SME Competitiveness Outlook 2018 explains how to make big data work for small firms, how to focus today on building skills for tomorrow and how to foster public trust in…
Innovation, traveller demand for diverse and authentic experiences in cities, and urban tourism governance models will be the central themes of the “UNWTO Conference on City Breaks: Creating Innovative Experiences”, to be held in Valladolid, Spain, on 15-16 October 2018. The conference will address the future of urban tourism, with special emphasis on current challenges,…
By Byron Mutingwende Although there were some notable reductions in stunting rates in some countries between 2015 and 2018, stunting remains worryingly high in East and Southern Africa, a study has shown. The Zimbabwe Civil Society Organisations Scaling Up Nutrition Alliance (ZCSOSUNA) was part of the team that jointly commissioned a study to…
By Byron Mutingwende Renowned traditional healer Kamwelo Banda popularly known as Sekuru Banda has joined the fight against cholera and pledged support to those impacted by the pandemic. In a rare show of love and compassion, Sekuru Banda took time off his busy schedule where he often meets his legion of clients who…
Safeguard Security has warned of the need to make use of the varying layers of security that protect residential and commercial properties, in view of the general increase in break-ins particularly at sites without any security protection. “If you have an electric fence, make sure that you also lock up properly and that your…
As is the custom, Zimbabwe will join the world in commemorating the World Tourism Day on the 27th of September every year, and dedicates the month of September to raise awareness of tourism by organising a number of activities for the month of September in a build-up to the main celebrations. In her brief to…
Yes, Zimbabwe deserves immediate attention on currency adoption before worsening economic deterioration. But, is the adoption of the foreign currency a sustainable panacea to the Zimbabwean economy? By Elvis Dzvene It’s not that obvious. The first step towards reviving our economy is to sort out the currency issue. To be precise, the economy should…
NetOne, one of the leading telephony companies, has presented computers to National Blood Services Zimbabwe winners at a colourful ceremolny at Mutenderende High School in Chirumanzu. In a speech read on his behalf by Dr, Eldrette Shereni, the Netone Marketing and Public Executive, the NetOne Acting Chief Executive Officer Mr Nkosinathi Ncube said his organisation…
A new World Tourism Organisation (UNWTO) report aims to help manage growing urban tourism flows and their impact on cities and residents. ‘Overtourism’? Understanding and managing urban tourism growth beyond perceptions’, was launched today during the 7th UNWTO Global Summit on Urban Tourism, in Seoul, Republic of Korea (16-19 September 2018). The report examines how…
It is now possible to use a smart phone to activate and control one’s security alarm system from anywhere, provided the phone has an internet connection, utilising Safeguard’s Smart Home system. The alarm can be switched on or off, using the phone. Particular zones can be armed or disarmed. The electric gate can be…
Launched six months ago, FinDev’s mandate is to support the growth and sustainability of businesses in developing markets “No country can possibly move forward in the 21st century if it leaves half of its talent on the sidelines,” African Development (www.AfDB.org) President, Akinwumi Adesina told delegates at the launch of FinDev Canada, in Montreal, while making…
FreeZim Congress leader and prominent businessman Joseph Makamba Busha has pledged five thousand dollars ($5 000) towards the construction of a science laboratory at Henry Low Primary school in Bulawayo last Friday. While officiating as the guest of honour at a Climate Change Awareness campaign launch in the city of Kings, organised by the Zimbabwe…
Afreximbank will be holding a stakeholder engagement event to promote the Intra-African Trade Fair (IATF) scheduled to take place in Cairo from 11 to 17 December Cote d’Ivoire can greatly increase the benefits accruing to it from trade with other African countries and transform the West Africa region by increasing its sourcing of raw and…
By Munyaradzi Dhure The National Vendors Union Zimbabwe (NAVUZ) is partnering other stakeholders in the quest to decongest cities in 100 days starting with Harare. Addressing stakeholders at Town Hose in harare on Friday 14 September 2018, NAVUZ Chairperson, Sten Zvorwadza said his organisation will start with a pilot project in Harare from tomorrow….
One such African country that is exhibiting all the red flag signals of going Sri Lankan and now Zambian way is Djibout Djibouti is projected to take on public debt worth around 88 percent of the country’s overall $1.72 billion GDP, with China owning the lion’s share of it. Beijing’s cumulative loans to Africa since…
By Munyaradzi Dhure The shortage of wheat in the country is leading to an increase in the prices of bread, the Grain Millers Association of Zimbabwe (GMAZ) has said. Speaking at a press conference in Harare on Thursday 13 September 2018, Tafadzwa Musarara, the Chairman of the Grain Millers Association of Zimbabwe said current…
The top 10 nominees reflect Pan African flavour of Innovation Prize for Africa (IPA) with representation from north, west, east, central and southern Africa, including Madagascar IPA 2018 keenly contested with 3 000+ applicants from over 52 countries; This year’s innovations address critical challenges in ICT, agri-business, public health and the environment/ energy sectors; The…
As the insurance sector gets tougher, Zimnat has launched innovative billboard campaign to let people know some of the ways in which it can make their life better, through the customer friendly insurance and finance services it offers. Billboards have now been added to the campaign, which has already been promoted through television and the…
By Byron Mutingwende A dialogue by the Poverty Reduction Forum Trust (PRFT) has brought optimism that the new dispensation will bring a positive turnaround of the economy if it implements some of the strategies proffered by stakeholders. In his synopsis of the state of trade, investment and industrialisation towards a new economic reform…
The progress about preparations of the 2018 Harare International Carnival is impressive since stakeholders are now ready for the showcase. By Munyaradzi Dhure The Ministry of Environment Tourism and Hospitality Industry engaged with its marketing arm, the Zimbabwe Tourism Authority (ZTA) to announce the progress of preparations for the fifth edition of the…
Representatives of the Zimnat Group last week visited survivors of the explosion at the Grain Marketing Board’s Lion’s Den depot and relatives of those who lost their lives in the explosion. They donated, on Zimnat’s behalf, $500 to each family. At least four GMB employees lost their lives in the explosion, while three were seriously…
The Nordic Investment Bank (NIB) and the African Export-Import Bank (Afreximbank) have signed a 10-year loan programme of EUR 100 million to finance various infrastructure projects in African countries. The EUR 100 million made available to Afreximbank under the joint facility will be used for financing eligible investments, which mainly include projects within infrastructure, such as energy,…
By Elvis Dzvene Yes it’s true that for Zimbabwean economy to rise up again it needs Foreign Direct Investment (FDI). But is this the only solution? No. The major experience with our Zimbabwean economy is we have a hunter’s mentality that is ‘ kill and eat’, now we have to grow a shepherd mindset ‘watch…
The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-IDB.org) announced the signing of two new Agreements between ITFC & the Government of the Arab Republic of Egypt represented by the Egyptian General Petroleum Corporation (EGPC) and the General Authority for Supply Commodities (GASC) initiating the utilisation of the 5th Framework agreement. The first Master Murabaha agreement…
