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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…
By Byron Mutingwende The wildlife conservation project being spearheaded by the Antelope Park is bringing numerous benefits to participating local communities and the environment. Tourists from the United Kingdom who were on a tour of the country prior, during and after the Sanganai Hlanganani Tourism Expo, courtesy of the Zimbabwe Tourism Authority, had…
By Byron Mutingwende The Sanganai Hlanganani World Tourism Expo fits the bill of and stands tall among internationally recognised exhibitions, the Minister of Tourism and Hospitality Industry has said. In her speech at the expo awards ceremony in Bulawayo on 7 September 2018, tourism minister Priscah Mupfumira expressed her deepest satisfaction with the…
By Byron Mutingwende The Glen Lodge in Bulawayo, the leading oasis of hospitality in the City of Kings and Queens, is the only place that offers the greatest value for money to its legions of clients. As it hosted journalists attending the 11th edition of the Sanganai Hlanganani Tourism Expo in the country’s…
Qatar has become the most open country in the Middle East and the 8th most open in the world in terms of visa facilitation. The World Tourism Organisation (UNWTO) recently updated its visa openness rankings, confirming Qatar’s recent visa facilitation improvements including allowing nationals of 88 countries to enter Qatar visa-free and free-of-charge. Actions Qatar…
…It’s time for country to tap on the abundant sunshine; many proponents say By Wallace Mawire Various stakeholders in the sustainable development sector in Zimbabwe have highlighted that its now time Zimbabwe should begin to seriously consider using other renewable forms of energy like the abundant solar energy, instead of continued use of dirty fossil…
By Byron Mutingwende Located in the leafy Newton suburb of Bulawayo, the Glen Lodge is the best place to get luxurious accommodation and tour services. The serene atmosphere at Glen Lodge gives clients value for money since place offers facilities that can cater for a maximum of 150 people at one go, with…
By Byron Mutingwende The government is committed to increasing funding support to tourism and the Zimbabwe Tourism Authority (ZTA)’s marketing and development programmes, Vice President Retired General Dr Constantino Chiwenga has said. The VP revealed this at the official opening of the 11th edition of the Sanganai Hlanganani Tourism Expo at the Zimbabwe…
International buyers in the country for the Sanganai Hlanganani World Tourism Expo have described Zimbabwe as a world class tourist destination that needs to correct a few issues to be on the right track. In an interview with Spiked Online Media, Stuart Forster, a journalist from the United Kingdom, singled out the Victoria Falls as…
By Wisdom Mumera A University of Zimbabwe (UZ) research into crop preservation methods has released results questioning the effectiveness of most commercial chemicals as the country seeks to safeguard its food security. The exercise led by Professor Brighton Mvumi from the Department of Soil Science at UZ revealed that most of the commercial medicines and…
By Rudo Majachani Netone’s Fees For Less Promotion under the OneMoney platform is removing hassles of school fess payment by the parents. On the occasion to reward parents on the 5th of September 2018 at the Netone Building in Harare, the 100% Fees Back Promotion made it possible for the first parents to pay fees…
The Anglophone Africa CRG – RCCP has developed 6 reports on the effectiveness of technical assistance in Botswana, Liberia, Sierra Leone, South Sudan, Swaziland and Tanzania. The summary report describes some of the key findings, conclusions and recommendations from the assessments. It found that most civil society and community groups found it difficult to access…
The African Export-Import Bank (Afreximbank) has met in Cairo with leaders of the Egyptian Banking sector to present a new trade facilitation programme which it has developed to transform Africa’s trade The Afreximbabnk Trade Finance Facilitation Programme, which compromises a Trade Confirmation Programme and aTrade Confirmation Guarantee Programme, is being offered in response to the increasingly stringent compliance and regulatory requirements being imposed by international banks on African banks for trade confirmation lines. Those requirements…
The Zimbabwe Congress of Trade Unions (ZCTU) has noted with great concern the shocking massive price hikes that have affected almost every basic commodity, worsening the plight of the already struggling masses of Zimbabwe. Prices of most products have gone up by over 50 percent and the prices continue to rise at break-neck speed and…
Africa’s insurance industry is facing more disruption than any other industry, posing challenges for some while opening up business opportunities for others The opportunities for growth in Africa’s insurance industry are huge despite recent economic and political uncertainty. The insurance industry has done well to adapt to continuous disruption, with technological advances now considered the…
The calls to invest in infrastructure like the building of new and expansion of existing hotels seem to hold water as most accommodation facilities in the Victoria Falls are currently fully booked. The Elephant Hills Resort with its extensive conference facilities is currently hosting the Africa Banking Forum and added to that, the other hotels…
After a foreign kickstart, African investors and regulators have to take over the lead in shaping the continent’s sustainable energy future For years, the African renewable energy development market has been dominated by foreign investors and financial institutions. Now is the time for African investors to step up to the plate and join the continent’s solar…
The Zimnat Group, which exhibited this year at the Harare Agricultural Show for the first time, won the Best First Commercial Exhibit in Any Sector Award for its stand. Its stand was judged the best from among more than 100 new entrants in this category. The entire Zimnat group, including its general insurance, life…
By Charles Dhewa eMKambo has invested time and effort in understanding and classifying different archetypes of entrepreneurs in developing countries. While this effort has focused mainly on agriculture-related entrepreneurship, it has also embraced diverse socio-economic sectors. Unless, development actors, policy makers and financial institutions characterise economic actors in line with their different roles, it will…
By Byron Mutingwende The aggressive worldwide marketing of Destination Zimbabwe that is being spearheaded by the Zimbabwe Tourism Authority (ZTA) has borne some low hanging fruits that the country is ready to devour in as far as economic revival is concerned. Riding on a wave of success due to the ZTA’s hardworking Chief…
Launches million-dollar promotion in audacious bid to boost insurance penetration Econet Insurance has unveiled yet another million-dollar promotion as vehicle insurer EcoSure Moovah moves to claim a large stake in the local motor insurance industry. Launched barely a month ago on the back of a micro-insurance technological platform, EcoSure Moovah has set its sights on…
Casablanca, 29 August 2018: – Africa50, the pan-African investment platform, announced on Tuesday that the Republic of Mauritius became its 30th shareholder. Dharam Dev Manraj Gosh, Mauritian Minister of Finance and Economic Development, signed the Share Subscription Agreement on behalf of the Government, committing Mauritius to take the necessary steps for ratification of the agreement, as required under the Articles of…
Offers incredible bundle of benefits, convenience to farmers Econet Wireless has launched the EcoFarmer Club which offers farmers access to a rich bundle of services, that include agricultural commodity prices, valuable farming tips, relevant local weather information and a mobile trading platform which links farmers to buyers. Speaking at the launch of the EcoFarmer Club…
Product set to drive adoption of smart, digital payments in Zimbabwe Harare, Zimbabwe – 29 August 2018: EcoCash and Mastercard today announced the launch of EcoCash Scan & Pay, a simple, secure and instant mobile payments solution for consumers and merchants, as part of their efforts to reduce cash usage and increase digital financial inclusion…
NMBZ Holdings, NMB Bank’s holding company, recorded a profit before tax of $11 757 594 for the half-year ended June 30, 2018, resulting in total comprehensive income of $9 086 483. This was an increase of 155 percent compared to the same period last year, when comprehensive income stood at $3 556 915. The…
By Charles Dhewa People who co-exist with Kombi drivers in Zimbabwe, Matatu drivers in Nairobi’s traffic jammed roads, boda-boda motorcyclists in Kampala and similar situations in African cities have always wondered if those drivers are from the same mother. This is due to their character which is exactly the same. ‘Informal’ traders and MSMEs also…
By Hildah Sipono International buyers from key source markets have said Zimbabwe is sellable and buyable. The buyers arrived in Harare yesterday on a familiarisation tour ahead of the 11th edition of Sanganai/Hlanganani World Travel Expo scheduled for Bulawayo on September 6-8 at the Zimbabwe International Trade Fair grounds. “People do not want to see…
Taking Lessons from Canada By Elmond Bandauko During the 70th Annual Conference of the Institute of Public Administration (IPAC) which was held in Quebec between the 19th to 22nd of August 2018, policy innovation was at the centre of the workshop discussions. The increased complexity of policy problems requires public administrations to be agile, creative…
Less than month after being launched, EcoSure Moovah is set to become Zimbabwe’s largest vehicle insurer, with management predicting that it will be a blockbuster rivalling other Econet brands such as EcoCash. Mr Darlington Mandivenga, the Econet Group executive driving the initiative, said tens of thousands of vehicle owners have already moved to the…
During the Harare Agricultural Show (Monday 27 August to Saturday, 1 September, 2018) Medecins Sans Frontieres/ Doctors Without Borders (MSF) will be providing free sexual and reproductive health (SRH) services with specific focus on people aged between 10 to 24 years. MSF will partner with the National AIDS Council (NAC), Young Peoples’ Network on Sexual…
By Nevson Mpofu Africa and the developing world have been urged to fund the Green Energy Revolution to the tune of at least $49, 4 billion from the current $9 billion. The World Bank has since 2007 financed $31 billion energy projects in developing countries especially in Sub-Saharan Africa. To reduce poverty, there is need…
Kwesé iflix last week launched a massive million-dollar Promotion intended to reward users of the popular sports and entertainment mobile service. The promotion presents Kwesé iflix users with the chance to win 12 brand new vehicles, tablets, mobile phones, and guaranteed daily prizes for every user. Speaking a week after the launch of…
Zimnat, one of the country’s leading insurance groups, yesterday rewarded students from the Harare Institute of Technology who took part in a hackathon that the company organised. A hackathon is a competitive event where people work collaboratively in groups on software or even hardware projects with the aim of creating a functioning product by the…
Safeguard Security has introduced regular night patrols between 5.30 pm and 5.30 am in a number of northern Harare suburbs that had seen an upsurge in crime in the course of this year. The patrols were introduced after discussions with residents about crime in each of these areas, Safeguard Alarms managing director Reason Chitiva…
By Charles Dhewa Contrary to prevailing formal approaches, knowledge sharing in most rural African communities is embedded in the way people work. For instance, knowledge sharing happens as farmers select seed or choose livestock breeds. It also happens as they milk cows, plant crops, weed, harvest, store and market. They do not stop and say,…
By Elmond Bandauko The practice of public administration continues to face a lot of pressure emanating from rising citizen expectations, pressure for the privatisation of public services, legislative controls and the devolution of many responsibilities to lower levels of government. These forces have led to the renewed interest in performance measurement, to make government agencies…
The African Export-Import Bank (Afreximbank) has released its unaudited financial statements for the half-year period ended 30 June 2018, showing gross revenue of $343 million. The figure represents a $21 million increase over the gross revenue for the same period in 2017. The results, released by the Bank in Cairo today, attributed the higher gross revenue to a significant increase in fee income by 119 per cent while interest and similar income recorded…
Zimnat holds its annual golf day at Borrowdale Brooke Golf Course in Harare on Friday next week (24 August). Participants are expected to include clients from all four of its business units, namely Zimnat General Insurance, Zimnat Life Assurance, Zimnat Financial Services and Zimnat Asset Management. The annual golf day provides Zimnat managers and…
By Elmond Bandauko During my strategic planning and management course, I did an analysis of the City of Harare’s current strategic plan (2012-2025), with the objective of identifying positive traits, weak points and provide policy recommendations that can strengthen the City’s strategic planning practices. This brief synthesises my perspectives on Harare’s vision of becoming a…
Harare, 16 August 2018 – Kwesé iflix, which took Zimbabwe by storm during the FIFA 2018 World Cup, is now the country’s largest television platform, with more than 1.2 million active account holders. The uptake figures were revealed by Econet Wireless Zimbabwe Chief Executive Officer, Mr Douglas Mboweni, at the launch of a new million-dollar…
NetOne’s Mobile Financial Service- OneMoney’s Fees for Less promotion is back and bigger as it covers rural schools and tertiary institutions now. OneMoney first launched the promotion just before the opening of the school’s second term this year and it is now targeting the schools third term. Announcing the launch of the promotion, NetOne Executive…
Promoting innovation, job creation and sustainability are key considerations for the 15th World Tourism Organisation (UNWTO) Awards. UNWTO invites submissions until 31 October 2018. The UNWTO Awards recognise the contribution of public and private institutions and NGOs to development of a more competitive, responsible and sustainable tourism sector that works towards achieving the 2030 Sustainable…
