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Afreximbank’s, which predicts that African economies will grow by 4.1 per cent in 2018, according to The Africa Trade Report 2018: Boosting Intra-African Trade: Implications of the African Continental Free Trade Area Agreement, a new report launched by the African Export-Import Bank (Afreximbank) on 11 July. The report, launched by South African President Cyril Ramaphosa, Amb. Albert M Muchanga,…
By Sirak Gebrehiwot (UN Communications Specialist) The UN team, led by the United Nations Resident Coordinator, Mr. Bishow Parajuli, comprising of UNICEF Representative, Dr. Mohamed Ag Ayoya; IOM Chief of Mission, Ms. Lily Sanya; WFP Representative and Country Director, Mr. Eddie Rowe; and UNDP Country Director Mr. Georges van Montfort concluded a three-day field visit,…
By Byron Mutingwende The Africa Youth in Tourism Conference to be held from the 19th to the 24th of September 2018 in Bulawayo seeks to foster tourism development and innovation on the African continent. The Africa Youth in Tourism Conference is the brainchild of the Zimbabwe Youth in Tourism and this will be…
Africa needs development strategies that are more coherent and that prioritise improved public action to stand up to the challenges of growth, jobs and inequalities prompted by the continent’s remarkable emergence, according to the first issue of a new joint report by the African Union Commission (AUC) produced in collaboration with the OECD Development Centre….
Africa50, the pan-African infrastructure platform, will host its third General Shareholders Meeting (GSM) in Nairobi, Kenya on 19 July at Villa Rosa Kempinski Hotel. President Uhuru Kenyatta will open the meeting, which is taking place for the first time in East Africa. Henry Rotich, the Cabinet Secretary for the National Treasury in Kenya, will also…
By Byron Mutingwende In a move meant to supply the market with prosthesis and orthosis equipment for people with disabilities, Leonard Cheshire Disability Zimbabwe (LCDZ) has installed a state-of-the-art orthopaedic workshop at its headquarters in Harare. “LCDZ decided to include income generating projects in its financing structure to ensure that the organisation becomes…
– Q1 sector report puts operator at 65% customer market share The Postal and Telecommunications Regulatory Authority of Zimbabwe (Potraz)’s 2018 first quarter (Q1) sector report shows Econet Wireless maintained its customer and revenue market share lead on the back of consistent growth in the key industry performance indicators. The sector performance report,…
NetOne’s Mobile Financial Services- OneMoney has increased its active subscribers by more than 49% as well as gaining mobile money market share. This was revealed by the Postal and Telecommunications Regulatory Authority of Zimbabwe’s (Potraz) Telecommunications Sector Performance Report for 2018 first quarter, which was released yesterday. According to Potraz, NetOne experienced the biggest leap…
Thousands brave cold to attend final draw in the capital Dozens walk away with property title deeds, many prizes The final draw of the million-dollar ‘Chaka-Chaya neEcoCash’ promotion was held in the capital’s Harare Gardens at the weekend, drawing a bumper crowd of over 12 000 EcoCash customers that braved the cold weather to…
By Byron Mutingwende In a typical fashion reminiscent of the Exodus of Israelites from the oppressive Egypt to Canaan, Kenneth Shupikai Musanhi, the Member of the House of Assembly for Bindura North Constituency has embarked on a number of projects to uplift the lives of the people in the area. Born on the…
By Byron Mutingwende Dr Godfrey Mugaviri has pledged to bring tangible development to Ward 2 of Norton that has for long been lagging behind on the social and economic fronts. Norton’s Ward 2 faces many and varied challenges, amongst them, lack of public amenities, lack of recreational centres, lack of outside the box…
By Byron Mutingwende In 2008, the Bindura South Constituency resembled a cemetery due to the grinding poverty brought about by hyperinflation. It is that time when Remigious Matangira, the current Member of the House of Assembly for the area began his philanthropic work by spearheading development initiatives. “Bindura became my permanent home in…
NMB Bank has a $15 million four-year line of credit facility available to exporters, NMB chief executive Ben Washaya told exporters attending a breakfast meeting the bank held for them on Friday last week. “We currently have a $15 million four-year facility from two European DFIs which is at your disposal. The facility can also…
Zimbabwean businesses are failing to take advantage of export opportunities in the region, leaving South African companies to exploit them, ZimTrade acting chief executive Allan Majuru told the NMB Exporters Breakfast meeting on Friday last week. He said South African trucks were passing through Zimbabwe carrying exports to Tete Province in Mozambique, when Zimbabwean companies…
The Zimbabwe Championship of Performing Arts (ZICOPA) is giving many talented young children with limited platforms to flourish. Nyarayi Jessica Tandy, the Director of ZICOPA, in her remarks before the Zimbabwean team’s departure to the United States for the World Championships of Performing Arts competition, said she was hopeful that the young people would…
Wilderness Safaris’ Little Makalolo – one of the original bush camps situated in an exclusive private concession in the heart of Hwange National Park in Zimbabwe – has reopened after the rebuild of its main guest area and an extensive refurbishment of its six traditional-style safari tents. The new look of Little Makalolo was achieved…
28 June 2018, Harare – Today the Government and the United Nations together with development partners convened high level review meeting to validate and take stock of development results delivered, mid-way of the programme cycle, under 2016-2020 Zimbabwe UN Development Assistance Framework (ZUNDAF) contributing to national development priorities. The high-level meeting co-chaired by the…
By Byron Mutingwende Under the stewardship of the results oriented Chief Executive of the Zimbabwe Tourism Authority (ZTA), Dr Karikoga Kaseke, the institution is enjoying a positive turn in fortunes spearheaded by the aggressive marketing prowess of its newly appointed Head of Corporate Affairs, Godfrey ‘Chief’ Koti. Koti is a young, vibrant and hardworking broadcaster, digital…
By Byron Mutingwende Women in tourism are calling for a major stake since they have for a long time been occupying a back seat in driving and developing the sector. This emerged at the Women in Tourism all Stakeholders’ Workshop held on 22 June 2018 at Zimbali Gardens, Harare. The workshop was attended…
By Dumisani O. Nkomo The new government administration has adopted the term “Zimbabwe is open for business “ as its official policy statement . I would like to argue that whilst in terms of rhetoric Zimbabwe may be open for business a lot needs to be done in order to really make Zimbabwe open for…
There should be a deliberate move to avoid Green House Gas emission-intensive investments through economically viable low-emission development options, a senior Food and Agriculture Organisation (FAO) official has said. Gabriele Ranieri, the Officer in Charge of the FAO Subregional Office for Southern Africa made the remarks at the Sustainable Land Management and Climate-Smart Agro-ecology in…
By Davison Kaiyo While the “Zimbabwe is open for business” mantra is good in attracting foreign investors the government of Zimbabwe need to step up efforts to curtail illicit financial flows (IFFs) by enforcing anti avoidance provisions especially towards aggressive tax planning structures in line with the current transfer-pricing framework that was introduced into the…
The Zimbabwe Tourism Authority (ZTA) in conjunction with it’s parent ministry, the Ministry of Tourism and Hospitality Industry have stepped up marketing efforts in the UK by participating at the Experience Africa Travel Trade Show in London, the UK. The show runs from 25-27 June 2018 and is a business to business event matching suppliers…
By Charles Dhewa While it is true that community knowledge is broader and deeper, most African farming communities hesitate to make decisions without consulting an extension officer. The need to cross-check and verify facts through an extension officer can be counter-productive if it causes farmers to stop experimenting and learning from their innovations. Surveys by eMKambo over…
By Byron Mutingwende The private sector has been urged to foster corporate social responsibility (CSR) so as to spearhead sustainable development. In his address to private sector players on 22 June 2018 at a meeting on promoting sustainable development, Bishow Parajuli, the United Nations (UN) Resident Coordinator for Zimbabwe urged the business community to play…
The injection of new management at NetOne has seen the company posting its first profit in the month of May 2018. Speaking at the company’s Annual General Meeting held on Friday 22 June 2018, the NetOne CEO, Lazarus Muchenje, advised shareholders that the company was headed for positive performance as evidenced by the profit of…
The International Republican Institute (IRI) and the National Democratic Institute (NDI), as part of their joint Zimbabwe International Electoral Observation Mission, will deploy 14 long-term observers beginning on June 22, covering all 10 provinces of Zimbabwe in the period leading to the July 30, 2018 elections, on election day and in the post-election period. “Elections…
UNICEF Zimbabwe has commended the Government of Zimbabwe and the leadership of the main opposition party, MDC Alliance, for remembering the Day of the African Child; for committing to its theme to “Leave no Child Behind in African Development” and to ensure that all children in Zimbabwe get access to quality basic social services. …
The Secretary-General of the World Tourism Organisation (UNWTO), Zurab Pololikashvili, called for the tourism sector to take more action to combat climate change and biodiversity loss during the 30th joint meeting of its Commissions for South Asia and Asia-Pacific in Fiji (18-20 June 2018). Adding his voice to that of the host country, Mr. Pololikashvili…
HARARE, Wednesday 20 June18 – Zimbabwe’s leading mobile money service EcoCash today unveiled a dedicated wallet for business payments. The business wallet, which represents the first time in Africa that an enterprise transactions service has been integrated onto a mobile money platform, will offer EcoCash merchants, agents, payroll wallet holders and billers full control of…
By Byron Mutingwende NetOne was part of the 30th Anniversary of the OK Grand Challenge Promotion where it handed over prices to winners at the OK Mart on Friday 15 June 2018. According to Tendai Makomva, the OK Zimbabwe Marketing Manager, the retail brand was happy to partner NetOne among other leading corporates…
In a move to enhance destination awareness and foster market visibility, the Zimbabwe Tourism Authority (ZTA) has appointed VFS Global to promote Zimbabwe as a preferred tourism destination in both India and GCC region, through a collaborative relationship. The agreement was officially signed by Dr. Karikoga Kaseke, Chief Executive of the Zimbabwe Tourism Authority on…
The majority of trade transactions across the world are conducted on open account terms, supported by a purchase order and invoice with mutually agreed payment terms as the basis for trust, according to Continental Reinsurance Kenya managing director Souvik Banerjea. He told the Zimnat Trade Credit Insurance Conference in Harare on Friday (June 8) that…
The African Export-Import Bank (Afreximbank) has welcomed Equatorial Guinea as its 50th member state with the country’s signing of the Instrument of Accession to the Bank’s Establishment Agreement in Malabo on Wednesday. Lucas Abaga Nchama, Minister of Finance, Economy and Planning of Equatorial Guinea, signed the Instrument on behalf of the Government during a ceremony…
Today, 8 June the Sanlam Group celebrates its 100th birthday, and we at Zimnat are proud of our association with this financial services giant, which first opened its doors in Cape Town, South Africa. Founded in 1918, Sanlam has a rich history. The Group has evolved over the years from a traditional life insurance…
In line with its vision of advancing sustainability through tourism, the World Tourism Organisation (UNWTO) released its flagship publication ‘Tourism for Development’ in Brussels on 6 June during the European Development Days (EDD), and called for greater awareness of sustainability in tourism policies and business practices as well as in tourist behaviour. ‘Tourism for Development’…
Byron Mutingwende Challenges faced by women and girls regarding menstruation should be addressed as an important component of the adolescent sexual and reproductive health, stakeholders were urged. The call was made on 6 June 2018 at the United Nations Children’s Fund (UNICEF) compound during the “Brown Bag” discussion series held under the theme,…
“Tourism Statistics: A Catalyst for Development”, was the theme of this year’s seminar in the context of the 61st Meeting of the UNWTO Commission for Africa (Abuja, Nigeria, 4-6 June). The meeting included a ministerial dialogue on the importance of tourism statistics under the topic “Better measure, better manage”. Commission for Africa attracted 18 tourism ministers…
By PWC Africa The world’s 40 largest mining companies have delivered an impressive financial performance in 2017, increasing revenue by 23 per cent to USD 600bn JOHANNESBURG, South Africa, June 5, 2018/ — Market capitalisation of the Top 40 up 30% to USD $926 billion (bn) Revenue up 23% to $600bn Earnings before interest, taxes,…
Safeguard Security’s Engineering division has introduced to the Zimbabwe market high security automated retractable traffic barrier spikes, which can be used for traffic control, preferably in conjunction with a traffic boom. The spikes can be raised or lowered by means of a remote control or be synchronised with an automated boom, so that when…
The sub-branch that NMB Bank opened recently in Bindura is one of a number of sub‑branches the bank intends to open in various cities and towns around the country to provide banking, advisory and support services to its customers. There has been a huge expansion in the NMB customer base. Most of these customers transact…
“It is important for us as Africans to understand the challenges we face and find ways of using technology to solve them,” NMB Bank chief operating officer Gerald Gore told participants in the Enactus World Cup last week. “Most technologies are not designed for Africa but we need to adapt the platforms to solve…
By Byron Mutingwende Improving water resources infrastructure and availability has the potential to unlock the vast opportunities for Zimbabwe’s socio-economic development, President Emmerson Mnangagwa has said. He made the remarks on the occasion of the water infrastructure investment conference and the launch of the national climate policy at the Harare International Conference Centre…
Preparations for the 46th commemorations of Kamandama Mine disaster where more than 427 miners died after an explosion at number two colliery in 1972 are at an advanced stage. The commemorations will be held in the mining town of Hwange. Thousands of people are expected to attend the two day event starting off with a…
NMB Bank has partnered with global money transfer agents World Remit and Small World Financial Services to provide further options for Zimbabweans wanting to receive money from other countries. The bank has been a MoneyGram agent for many years. It is now also a Word Remit and Small World agent. As from today (Friday June…
