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The International Islamic Trade Finance Corporation (ITFC), member of the Islamic Development Bank (IsDB) Group, and the African Export-Import Bank (Afreximbank), a multilateral financial institution established by African governments and institutional investors, have signed a US$100-Million agreement and a EUR 50-Million agreement with the aim of facilitating and financing exports amongst African countries and between…
Econet Wireless Zimbabwe, the country’s largest telecommunications and technology company, has integrated employee wellness into its business strategy and adopted employee wellness programmes across the group. This follows a recent call by the company’s Chief Executive Officer, Mr Douglas Mboweni, for organizations to take employee wellness seriously by developing wellness KPIs (key performance indicators). Speaking…
Egypt can be a front runner in transforming intra-African trade and boosting innovation and industrialisation on the African continent, Kanayo Awani, Managing Director of the Intra-African Trade Initiative at the African Export-Import Bank (Afreximbank), said today. Speaking in Cairo during the opening of a one-day workshop on intra-African trade, organised by Afreximbank, Ms. Awani said…
By Jacob Mafume On the 8th of December President Biti presented the MDC Alliance’s alternative national agenda towards a transformative democratic developmental state. We challenged the myths around growth projections of 4.8 percent presented in the fiscal policy statement for 2018. We argued then as we do now that the Macroeconomic framework was a fiction, we…
By Byron Mutingwende The African Capacity Building Foundation (ACBF) and the African Union Commission (AUC) have established an interactive network to ensure strategic partnerships to tackle development challenges on the continent. Speaking at the inaugural meeting of the African Partnership Coordination Platform in Harare on 18 December 2018, Emmanuel Nnadozie, the ACBF Executive…
Zimbabwe will welcome the support of the African Export-Import Bank (Afreximbank) as it seeks to re-engage with the international and business communities, Emerson Mnangagwa, the country’s new President, has said in Harare. Speaking yesterday while receiving Bank President Dr. Benedict Oramah, who led an Afreximbank delegation on a courtesy visit to him, President Mnangagwa expressed…
The People’s Democratic Party (PDP) has refuted allegations that the trip to the United States (US) by the MDC-Alliance was to call for the extension of sanctions, specifically those contained in the Zimbabwe Democracy Recovery Act (ZIDERA). The MDC Alliance has deployed a team which includes PDP President Tendai Biti, Prof Welshman Ncube, Hon Adv…
For the first time in the history of the World Trade Organization, WTO members and observers have endorsed a collective initiative to increase the participation of women in trade. In order to help women reach their full potential in the world economy, 118 WTO members and observers agreed to support the Buenos Aires Declaration on…
By Mukasiri Sibanda Introduction If you want to know government’s priorities, don’t be swayed by eloquent speeches from politicians, take a close look at the budget. Plans on how government intends to generate, allocate and spend public revenue in a manner that can hurt or protect the poor are revealed publicly. As Zimbabwe is endowed…
By Reason Dube GOVERNMENT has committed US$52, 1 million for the rehabilitation and expansion of irrigation schemes throughout the country with 14 irrigation schemes set to benefit in Masvingo province. In his US5,1 billion 2018 National Budget Statement presented in Harare last week Minister of Finance and Economic Development Patrick Chinamasa underscored the need for…
By Byron Mutingwende Livestock contributes immensely to food and nutrition security as well as to foreign currency generation and economic growth, hence the importance of managing it properly, it has emerged. In his address at a meeting of the Inclusive Policy Dialogue for Social Development (IPDSD), Abdul Nyathi, the President of the Zimbabwe…
By Staff reporter A telecom industry report last week revealed that Econet Wireless Zimbabwe had the highest Average Revenue Per User (ARPU) of $8,57 between July and September this year, ahead of its main industry rivals Telecel, whose ARPU was $2.63, and NetOne, whose ARPU was $1.86 in the same period. ARPU is a key…
By Byron Mutingwende Born and bred in rural Marondera where farmers used organic farming to grow crops, Clive Nyapokoto experienced the hard and intense labour involved in the daily farm activities which sometimes he had to do before going to school in the morning. That background motivated him to come up with innovations to…
By Byron Mutingwende The Global Community is living no stone unturned in their endeavour to develop sustainable community responsive strategies to ensure adaptability and resilience in the wake of extreme hunger and severe poverty. Zimbabwe Parents of the Handicapped Children joined the Global Community in making frantic efforts to ensure grassroots women particularly mothers…
African countries must move their economies away from commodity dependence in order to move their people out of poverty, Dr. Benedict Oramah, President of the African Export-Import Bank (Afreximbank) said today in Sharm el Sheikh, Egypt. Speaking during a panel discussion at the Africa 2017 Forum organized in the Egyptian resort city, Dr. Oramah said…
By Byron Mutingwende Renowned economist, Prosper Chitambara has said the 2018 National Budget contains pragmatic measures to cut unproductive and wasteful recurrent expenditures while scaling up social and capital expenditures, a situation that provides a solid foundation for medium term development if implemented. Chitambara was analysing the health implications of the 2018 National…
Econet Wireless Zimbabwe, the country’s largest mobile network operator, says it welcomes the third quarter (Q3) telecom sector report published by the Postal and Telecommunications Regulatory Authority of Zimbabwe (Potraz) on Thursday 7 December 2017. The report, published on a quarterly basis by the industry regulator, shows Econet extending its mobile market leadership and…
Women overcome poverty through food and nutrition security programmes By Byron Mutingwende Ward 9 and 19 of Chipinge District are role models of successful small-scale farming under the land reform programme. The Food and Nutrition Security Committee (FNSC) initiated programmes saw women in the wards running successful banana, cassava, poultry, dairy and value…
By Milton Kamwendo It is not enough to drive you must be able to park. Simply moving a car is not driving. A few wise quotes are not greatness. Grand posturing without purpose is a waste of resources. Impressing a few by-standers is not greatness. Impressions are not success. Skin is not bones. It is…
By Patricia Mashiri The Zimbabwe Tourism Authority (ZTA) is in pursuit of maximising profits and economy revival through public-private partnerships. That emerged at a multi-stakeholder workshop of event planners and organisers, airlines, government departments and educational institutions on how to market Zimbabwe as a tourist destination, increase tourists stay in the country and improve…
By Byron Mutingwende The drive through Hippo Valley Estates from Chiredzi Town heading towards the south is panoramic and breath-taking. There is a hive of activity as sugar-cane cutters are ferried by huge tractors to and from work. Huge piles of molasses bags are heaped at the Tongaat Hullet Sugar Refinery and in the…
By Byron Mutingwende It is just nine o’clock in the morning but despite the air conditioner, everyone on the Toyota off-road vehicle is sweating profusely. We drive past the fence bordering the Marirangwe Game Park along the Chiredzi-Tanganda Highway in the hot Lowveld area and head straight to Village 3 of the Chizvirizvi area…
Elton Gomori I am not a prophet of doom or an evangelist of fantasies but an equally qualified preacher of reality. Zimbabwe is beyond any shadow of doubt one of the world’s most phenomenal tourist destinations. This is so because of her variety of flora and fauna, majestic landforms and of course, exceptional manmade structures…
By Patricia Mashiri Women in Zimbabwe are seeking gender balance in the energy sector by involving themselves in the green economy activities which helps in saving resources such as electricity. Women have been given stereotypical roles where they have been put in a domestic sphere where energy saving is critical . In trying to curb…
By Byron Mutingwende The media has been urged to initiate programmes for accident prevention and elimination of work related illnesses at the workplace in line with the Sustainable Development Goals. Speaking at a workshop to facilitate appreciation of occupational health and safety hazards and risks in the media industry, Precious Nyika, the Human…
By Patricia Mashiri No one has ever dreamt that waste management and recycling would be someones’s passion. Tinashe Manyonga a 29 year-old social entrepreneur started his green economy journey few years back. He studied for a degree in Crop science at the University of Zimbabwe before he turned to waste management and recycling. Manyonga who…
Abidjan, 29 November, 2017: The African Export-Import Bank (Afreximbank) and the European Investment Bank (EIB) today in Abidjan, on the margins of the African Union-European Union Summit, entered into a line of credit agreement amounting to EUR 100 million, granted by EIB to Afreximbank. This facility is aimed at financing trade-related long-term productive investments by private…
By Byron Mutingwende The launch of the Least Developed Countries Report 2017 whose focus is on energy and climate has been hailed as a timely document as it comes when the world is seized with mitigating the effects of climate change. Speaking at the report launch, Tafadzwa Mwale, the Officer in Charge of…
By Byron Mutingwende and Patricia Mashiri Zimbabwe is moving towards embracing a green economy through harnessing of the Sustainable Development Goals (SDGs0 for resource efficient and low carbon development. Speaking at the Business Council for Sustainable Development in Zimbabwe (BCSDZ) annual conference at Cresta Lodge in Harare, Cecilia Ndwabe, the manager is in…
EcoCash, the country’s leading mobile financial transacting platform, will be carrying out scheduled system maintenance work tonight, (November 27, 2017) between 11pm and 3am early Tuesday morning. A statement from the company said as a result of the maintenance work, EcoCash customers may experience service disruption between 11pm tonight and 3am early tomorrow morning….
By Charles Dhewa Just as they distribute commodities and knowledge to all classes of people and income levels, informal markets in developing countries continue to play a central role in redistributing wealth. African economies have traditionally been characterised and driven by community knowledge sharing and individual innovation. While individual innovation was privatised, local ideas were…
By Patricia Mashiri People with disabilities (PWDs) are calling for universal accessibility of tourism services as the minority group is usually left out in most tourism activities. The 2016 theme “tourism for all: Promoting Universal Accessibility’ calls for tourism and hospitality industry to focus on designing, developing, managing travel and tourism facilities and services accessible…
By Byron Mutingwende The ministry of water resources development and climate has introduced the National Adaption Plan (NAP) process to urban authorities to reduce their vulnerability to climate change impacts and facilitate the integration of climate change adaptation into their planning processes. The National Adaptation Planning is a flexible process that builds on…
By Byron Mutingwende A Cabinet minister has noted that Zimbabwe was on an economic growth trajectory from 2009 to 2017 but without much reduction in poverty levels and underscored the need to promote and accelerate inclusive growth through improved policies. In a speech read on his behalf at a workshop to review the…
By Byron Mutingwende The Ministry of Macro-Economic Planning and Investment Promotion is spearheading various initiatives to promote investment in the country, it has emerged. In a speech on behalf of the minister, Dr. Judith Kateera, the Permanent Secretary for the ministry of macro-economic planning and investment promotion said there was a need to…
By Byron Mutingwende Popular mobile money service, EcoCash, has integrated with MBCA Bank Limited, bringing to 11 the number of banks directly integrated with the mobile financial transacting system. A company spokesman yesterday confirmed the integration, saying the development was set to offer EcoCash and MBCA customers more convenience, choice and flexibility. “We…
By Byron Mutingwende Watching the “Marange Voices” documentary on diamond mining in Manicaland Province in Zimbabwe, delegates attending the summer school on extractive sector governance organised by the African Forum and Network on Debt and Development in Namibia recently were left convinced that the effects of mining done improperly has a toll on women and…
By Byron Mutingwende Despite being a continent with abundant natural resources that present a massive potential for progress, mineral leakages are hampering Africa’s development. Dr Fanwell Kenala Bokosi, the Executive Director of the African Forum and Network on Debt and Development revealed that at the summer school on “strengthening natural resource governance in Africa”…
Published on 02/11/2017, 11:42am Lack of expertise means money for climate protection is spent on consultancy fees, which African officials say end up back in wealthy countries By Mantoe Phakathi in Manzini Even as they plan to demand more cash at UN talks in Bonn this week, poor countries lack the ability to initiate and implement climate projects,…
By Byron Mutingwende The government has launched the “district risk profiles” in a bid to ensure a national integrated food and nutrition security information system that provides timely and reliable information on the food and nutrition security situation and the effectiveness of programmes and informs decision-making. In his speech during the launch at…
… Bets on new TMT model to drive business growth … HARARE (October 31, 2017) – Econet Wireless Zimbabwe today announced solid half-year financial results for the 6 months from March to August 31, 2017, posting a 17% increase in revenue of $353 million, and an increase in profit to $49 million, buoyed by…
By Byron Mutingwende The launch of Econet’s “Swipe into Ecocash” facility today (Wednesday 25 October 2017) is set to improve financial inclusion among Zimbabweans battling a crippling liquidity crisis. Natalie Jabangwe-Morris, the Ecocash Manager, speaking during the launch said Ecocash is indeed Zimbabwe’s largest mobile money platform, driving 98 per cent of mobile…
By Byron Mutingwende Agriculture has the potential to create employment opportunities for young men and women, a senior government official has said. Dr Desire Sibanda, the Permanent Secretary in the Ministry of Youth Development, Empowerment and Indigenisation of Zimbabwe hinted that trajectory in his keynote address at the SP3 Capacity Development Workshop on…
By Byron Mutingwende Telecom regulator Potraz releases quarterly industry report Econet maintains top spot in mobile sector The local telecommunications regulator, the Postal and Telecommunications Regulatory Authority (Potraz) has just released its second quarter report (covering May to July 2017) highlighting how the sector’s performance, based on how key players in the industry performed…
By Thabani Dube The Acting Ambassador of Sudan to Zimbabwe, Rida Osman says the Government of Zimbabwe must initiate dialogue with the United States of America to end economic sanctions and travelling restrictions. The Acting Ambassador, who is also the Deputy Head of Mission in Harare, told this journalist at a recently held press conference…
