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CBZ Holdings won the listed companies’ Overall Best Corporate Governance Disclosures Award for the second year running at the 2021 Excellence in Corporate Governance Awards, held at the Rainbow Towers Hotel in Harare on Wednesday evening. Its subsidiary, CBZ Bank, won the banking institutions’ Overall Best Corporate Governance Disclosures Award. First Mutual Holdings won the…
By Joyce Mukucha Developing a robust industrial and commercial sector is vital for import substitution and crucial following Zimbabwe’s ratification of the Africa Continental Free Trade Area (AFCFTA) in 2019, a government official has said. Officially opening the Buy Zimbabwe-Buy Local Summit in Harare yesterday, Vice President who is also the Minister of Health and…
By Marlvin Ngiza Learners at Mukodza Secondary School are set to benefit from the recently launched beekeeping project at the institution. Andrew Nhigo, the custodian of the project, hinted that the initiative will go a long way in equipping learners with skills as entailed by the new curriculum. Nhigo added that they expect to use…
Transform agricultural food systems to make them more efficient, inclusive, resilient, and sustainable for better production, nutrition, environment, and life for all, the Food and Agriculture Organization’s (FAO) said in The State of Food and Agriculture (SOFA) 2021 report. Measures to contain the novel coronavirus disease (COVID-19) pandemic in 2020 disrupted global and national supply chains…
By Zimbabwe Environmental Law Association On the 2nd of December 2021, Caledonia Mining Corporation, which owns Blanket Mine in Gwanda, was officially listed on the Victoria Falls Stock Exchange (VFEX)[1], a wholly subsidiary of the Zimbabwe Stock Exchange (ZSE). The Victoria Falls Stock Exchange (VFEX) is a foreign denominated stock market established by the Government of Zimbabwe…
NetOne’s OneGaming product launched today has been described as strategic since it dovetails with the Ministry of Information Communication Technology (ICT), Postal, and Courier Services’ mandate of offering ubiquitous connectivity that cascades to the gaming market. Officially launching the product today, Engineer Gibbson Jumbi, the NetOne Board vice-chairperson said the OneGaming platform gives subscribers improved…
The United Nations World Food Programme (WFP) welcomes a US$5.7 million contribution from the United States Agency for International Development (USAID) to support people experiencing vulnerability to food insecurity across urban and rural areas. This brings USAID’s contributions to over US$45 million over the last year. Urban populations will benefit from the contribution through WFP’s…
By Marlvin Ngiza The Amalgamated Rural Teachers Union of Zimbabwe (ARTUZ) has condemned gender based-violence while advocating for gender equality at workplaces. Speaking ahead of the 2021 commemorations of the 16 days of activism against gender-based violence, ARTUZ Gender and Social Welfare Secretary Sukuoluhle Ndlovu reprimanded all perpetrators of violence at workplaces. She said gender…
By Tawanda Tamirepi John Davison Rockefeller Sr. was an American business magnate and philanthropist. He is widely considered the wealthiest American of all time and the richest person in modern history. Rockefeller became the richest person in America, controlling 90% of all oil at his peak. Oil was used throughout the country as a light…
All roads are leading to the Rainbow Towers Hotel for the inaugural medical professional awards to be held on Saturday 4 December 2021. The organisers are the Zimbabwe Medical Awards Trust that celebrates medical professionals and specialists on the work that they do, especially during this pandemic of Covid-19. Speaking to Spiked Online Media ahead…
The government is working on mainstreaming information communication technologies (ICTs) into agriculture and to achieve this, it has developed the Zimbabwe Agri-Tech Strategy to leverage innovations to improve efficiency, increase effectiveness, reduce costs and enhance the competitiveness of the sector. In his remarks delivered on behalf of the minister, Hon Vangelis Haritatos, the Deputy Minister…
Tinashe Eric Muzamhindo writes : There is need for proper understanding, or rather political and economic orientation of what exactly is on the ground. The budget must be defined in simpler terms, and refined for ordinary people to understand, exactly what is going on the ground. Literally, the focus is more improving the economy,…
Dr. Richard Munang Africa already needs a minimum of $2.5trillion to implement its climate action commitments. Even as COP26 in Glasgow agreed to double the $100 billion pledge to developing countries, this means that even if the pledges were honoured in full, the gap would still be gapping for Africa. If we were to go with just…
By Zimbabwe Coalition on Debt and Development (ZIMCODD) A nation’s budget serves as a commitment by the government, and it signifies the government’s priorities over what it seeks to deliver to its citizens. With a 927.3 billion budget against a 2 trillion ask, the Minister of Finance and Economic Development presented the 2022 budgetary framework…
The ILO in collaboration with its tripartite partners who include the Ministry of Public Service Labour and Social Welfare; Employers’ Confederation of Zimbabwe and the Zimbabwe Congress of Trade Unions will, on 3 December 2021, be launching a refurbished shelter to house Small Enterprises in Bulawayo. This is part of its efforts to promote decent…
The launch of OneMoney Remit by mobile telephony giant, NetOne marks a great milestone in the country’s financial inclusion efforts, Dr. Jenfan Muswere, the Minister of Information Communication Technology (ICT), Postal and Courier Services said. The launch yesterday was welcomed as a measure expected to ease liquidity challenges in the country since more players will…
One out of five destinations continues to have their borders completely closed as new surges of COVID-19 impact the restart of international tourism. The latest research shows that still, 98% of all destinations have some kind of travel restrictions in place. According to the UNWTO Travel Restrictions Report, 46 destinations (21% of all destinations worldwide) currently…
African girls and young women have sent demands to African governments to prioritise funding of their issues as the world is rebuilding from the ruins of Covid-19. This week, 330 girls from the regions East, Southern, and West Africa converged in person and virtually in 15 countries at the platform Adolescent Girls and Young Women…
By Dr. Mathew M. Abang Bananas represent one of the most consumed and traded fruits globally. In Southern Africa, bananas serve both as a staple food and important cash crop. To date, Tanzania is the largest producer of bananas in the Southern African Development Community (SADC) region, followed by the Democratic Republic of Congo (DRC)….
By Joyce Mukucha In the quest to address operational challenges of migration and ensure the provision of decent working conditions for all, human dignity, well-being and safety for labour migrants, the International Organisation for Migration (IOM) in partnership with the Government of Zimbabwe is implementing a project entitled “Strengthening Capacities for Labour Mobility Governance in…
By Elvis Dumba ZVIMBA- The dairy industry which has been fatigued by a myriad of challenges forcing the country to import dairy products is slowly showing signs of recovery. The country’s national dairy requirements stand at 120 million litres which is above the current national production of 79.9 million litres according to the Zimbabwe Dairy…
The Sub-Regional Office for Southern Africa UN Economic Commission for Africa (ECA) supported a two-day workshop to work with Zimbabwean experts to develop an Action Plan on alignment and harmonization of regional and national frameworks on industrialization in Zimbabwe. In a joint press release, the Ministry of Industry and Commerce (Zimbabwe) and the Sub-Regional Office…
Food shortages, the disappearance of medicinal plants and essences, and changes in lifestyle are the consequences of deforestation on the indigenous peoples of Central Africa. Nearly 60 km from Douala in Cameroon, in the Littoral region, on a normal road that runs along a track that is engulfed in the forest, and out of nowhere,…
The launch of the Metro Mini Factories Centre in Bulawayo is slated for 3 December 2021 with stakeholders to be drawn from the International Labour Organisation (ILO); the Ministry of Women Affairs, Community Small and Medium Enterprises Development; the Bulawayo Chamber of SMEs; Bulawayo City Council; and the National Nocial Security Authority (NSSA) with a…
The second Intra-African Trade Fair (IATF 2021) has ended on Sunday in Durban, KwaZulu-Natal, South Africa, with a collective commitment to ensure that the economic stimulation triggered by the event translates into the continued strengthening of the African Continental Free Trade Area (AfCFTA). Speaking during the closing ceremony of IATF 2021 at the Durban International…
BancABC Zimbabwe, the local banking subsidiary of Pan African group, Atlas Mara, has today launched Border Hopper, an international remittance service that allows Zimbabweans abroad to send money home. The Border-to-Border remittance service was launched with South Africa to Zimbabwe transfers as the first corridor with plans to extend the service to other countries in…
Africa’s creative industry represents a potent instrument that could grow the GDP of African countries and pull the continent’s youth out of poverty, Prof. Benedict Oramah, President of the African Import-Export Bank (Afreximbank), said on Friday as the two-day Creative Africa Nexus (CANEX) kicked off at the Intra-African Trade Fair (IATF 2021) in Durban, South…
The African Export-Import Bank (AFREXIMBANK) and African Risk Capacity (ARC) Group on 18 November 2021 signed a Memorandum of Understanding (MoU) to jointly enhance resilience and disaster risk financing initiatives that also impact the trade and supply chain across the continent. The purpose of this MOU is to enable joint member states to enhance disaster…
Deals worth $36 billion were recorded as of 21 November 2021 at the second Intra Africa Trade Fair (IATF 2021). IATF 2021 took place from 15 to 21 November in Durban, KwaZulu-Natal, South Africa. Presenting the preliminary report of the IATF 2021, Mrs. Kanayo Awani, Managing Director of Afreximbank’s Intra African Trade Initiative, reported on…
Key stakeholders including African Diplomats, the Canadian Ambassador, and Minister will converge in Harare for the first-ever Adolescent Girls and Young Women (AGYW) Africa Conference from the 23rd to the 25th of November. Tag a Life International (TaLI), a Zimbabwean girls and young women’s rights organization will be the host where the meeting will provide…
By Reggies Mtambo Simplifying investment asset classes and guiding you to maximise your wealth The stakes for achieving universal access to high-quality and simplified education are high as many Zimbabweans are pursuing financial freedom. If you’re like most people, you’d probably like to have so much money that you never need to work again….
African Export-Import Bank (Afreximbank) has signed financing agreements with four Zimbabwean entities for a total of US$188,600,000. The deals, concluded during the second Intra-African Trade Fair (IATF2021) currently taking place in Durban, were agreed on Tuesday and Wednesday. The trade fair opened on 15 November in Durban and runs until 21 November. On Wednesday, Afreximbank…
Silverbird Group and AAA Entertainment are entering into a partnership to develop and produce a slate of cinematic African feature films on the continent. AAA Entertainment will bring to the partnership an experienced film development, financing and production team, facilities, and partnership network, while Silverbird Group brings its cinema exhibition and distribution infrastructure and experience…
The third day of the Intra-African Trade Fair 2021 (IATF2021) ended with a clarion call by former Nigerian President Olusegun Obasanjo for the creation of an emblematic Made-in-Africa brand that will promote intra-African trade and boost the international export of African products. Speaking during a conversation session that marked the highlight of the day, Chief Obasanjo told…
The International Labour Organisation (ILO)’s Employment and Labour Market Governance Programme (EPLMGP) that brought together stakeholders like Old Mutual, the National and Social Security Authority (NSSA) and the Bulawayo City Council is leading small-to-medium enterprises (SMEs) to transition from the informal to the formal economy. Addressing journalists who toured the recently refurbished Bulawayo SMEs Centre…
Vanessa Nakate, a Ugandan climate activist, emerged as one of the most prominent youth voices at COP26 in Glasgow. “Prove us wrong,” was her message to delegates at the climate talks, which entered their final day on Friday, as fears grew that countries would fail to convert ambition into an agreement. Activists and delegates from…
By Coalition on Debt and Development (ZIMCODD) Recently, the World Bank announced that due to the impacts of Coronavirus Disease 2019 (COVID-19), poor countries including Zimbabwe have been pushed to new debt levels. David Malpass, the bank’s president, warned the virus had widened the gap between rich and poor nations, setting back progress by years…
By Joyce Mukucha The sister countries, Zimbabwe and Zambia are working towards strengthening their relationship in different areas including improving the way of doing doing business and finalising the pending areas aimed at benefitting the two nations. This came out this Wednesday during a convened 12th Session of Zimbabwe and Mozambique Joint Permanent Commission on…
Forty-five countries including the UK pledged Saturday to protect nature and transition to more sustainable farming. The announcement was made on Nature and Land Use day at the COP26 climate conference in Glasgow, which the UK is hosting, and comes with a promise to use more than $4 billion in public sector investments to make agriculture more resilient to the climate crisis and make new innovations accessible…
In driving the blue economy, aquaculture and fisheries are playing a key role in ensuring food and nutrition security as well as securing livelihoods and wealth creation on the African continent. Speaking during the African Union Development Agency (AUDA-NEPAD) Media Training Workshop organised in partnership with the African Union Inter-African Bureau for Animal Resources (AU-IBAR)…
The Intra-African Trade Fair (IATF2021) will see Durban host key figures from the world of trade, including entrepreneurs, financiers, governments and regulators, on one platform to deliberate on trade acceleration and investment throughout the African continent. Organised by the African Export-Import Bank (Afreximbank) in collaboration with the African Union (AU) and the African Continental…
By Muchaneta Chimuka The first ever, Conference on Geographical Indications (GI) under the AfrlPI project in collaboration with the African Regional Intellectual Property Organisation (ARIPO) countries has kick started today (10 -12 Nov) with several representatives from different countries in Africa in attendance. The conference is aimed at unpacking issues to do with trade…
In Panje, Zanzibar, on the coastline of the resort city, the Furahia Wanawake (Seaweed Farming Women Association) is an organisation of women who are eking a living from seaweed – a low-hanging fruit in the blue economy discourse. According to the Seaweed Farming Women Association Secretary, one Mwanaisha, the project officially came into full force…
The Postal and Telecommunication Regulatory Authority of Zimbabwe (POTRAZ) is reviewing its strategic plan and formulating action plans for 2022 with Dr. Jenfan Muswere, the Minister of ICT, Postal and Courier Services sharing his vision for the sector. The minister reiterated the importance of strategic planning as a prerequisite for success in any endeavour and…
By Charles Dhewa One of the most overlooked trends in African agriculture-driven economies is the buying power of local consumers. When the private sector, government departments, and development agencies support agriculture, they rarely think about whether local consumers will afford what will be produced or not. At worst, this oversight leads to over-production, translating to…
