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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…
What people used to just imagine has become a reality today, making it necessary to unlearn old ways of doing things, Pan African Federation of Accountants chief executive Vickson Ncube told chartered secretaries gathered in Victoria Falls last week. He told them they need to redefine, re-skill and reposition themselves in a way that…
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…
