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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…
Enhancing sustainable fisheries management and aquaculture development in Africa has the potential of boosting economies on the continent. This emerged at a media training workshop that kicked off in Zanzibar, Tanzania today under the theme ‘Enhancing Sustainable Fisheries Management and Aquaculture Development in Africa.” The meeting was made possible by the African Union…
The Zimbabwe Fight Inequality Alliance – a broad-based Network of social movements, women’s rights groups, faith-based organisations, labour unions, and individuals committed to challenging and reversing the unfair distribution of wealth, power, opportunities, social status, access and control of resources in the country shared with Spiked Online Media its expectations for the 2022 National Budget….
By Zimbabwe Coalition on Debt and Development This week, the world’s focus has been on the 26th United Nations Climate Change Conference (COP26). For Zimbabwe, the major talking point has been the visit by Zimbabwean government officials which saw in over two decades, a Zimbabwean state leader visiting the UK. Beyond the sensational news headlines…
By Kumbirai Mafunda Twenty-eight Chiadzwa villagers were on Thursday 4 November 2021 released from prison custody after they were arrested by Zimbabwe Republic Police (ZRP) officers for allegedly protesting against Chinese diamond miner, Anjin Investments. The 28 Chiadzwa villagers, who included Robert Chiadzwa, a 90-year-old Headman, were arrested on Wednesday 3 November 2021, and charged…
In pursuit of creating access to information communication technology for all Zimbabweans regardless of their location, Dr. Jenfan Muswere presided over the commissioning of the Nyakuipa Secondary School ICT Laboratory and the graduation of judges. Hon Muswere, the Minister of ICT, Postal and Courier Services said his ministry has a mandate to create access to…
The Abantwana/Bomzabalazo – a movement of patriotic young Zimbabweans whose parents fought in the liberation struggle under the Zimbabwe People’s Revolutionary Army (ZPRA) are seeking the intervention of the government through the office of the President of the Chiefs Council, Chief Fortune Charumbira to be assisted towards resolving a leadership crisis which has arisen in…
The Wedza Rural Development Initiative Trust (WERDIT) has called upon the government to expedite the allocation of devolution funds as a way of enhancing development in the area. WERDIT Director, George Makoni said the devolution principle is plausible and must be seen to be facilitating development at the local level. “The Government of Zimbabwe has…
There is a need for enhancing the capacity of landlocked developing countries to address climate change and water-related challenges, the Minister of Environment, Climate, Tourism and Hospitality Industry, Honourable Mangaliso Ndlovu has said. He made the remarks at a Side Event at the UN Climate Change Conference COP26 in Glasgow held under the theme “Enhancing…
By Tinashe Eric Muzamhindo Business mogul Kudakwashe Tagwirei remains a champion of black empowerment. I am an ardent follower Tagwirei’s business ventures and empowerment initiatives. His Command Agriculture scheme has benefited at least 78 000 medium to large–scale farmers who have benefited under the programme while more than 1.8 million households continue to benefit from…
Zimnat, a leading player in the insurance and wealth management industry, scooped six awards at the Marketers’ Association of Zimbabwe 2021 Exceptional Marketing Awards ceremony in Kariba last week, the highest number of awards won by any organisation. The MAZ Exceptional Marketing Awards ceremony is held annually in recognition and celebration of excellence displayed…
Leading integrated financial services concern, Old Mutual Zimbabwe has commissioned a US$2.5m solar plant at its head office in Mount Pleasant, Harare. Old Mutual is a certain friend in uncertain times and believes that enabling positive futures within the local communities is their fundamental role. Old Mutual has initiated solar energy projects around Zimbabwe…
The Government of the Federal Republic of Germany today announced, on the margins of the ongoing United Nations 2021 United Nations Climate Change Conference (COP26), the sum of €18million to subsidize the cost of disaster risk insurance for qualifying African Risk Capacity (ARC) Group Member States. In her statement, the Parliamentary State Secretary to the…
By Masutane Modjadji (Southern African Resource Watch) The 26th Conference of Parties to the United Nations Framework Convention on Climate Change in Glasgow takes place at a time when the world is desperate for concrete actions on climate challenges. As world leaders meet to discuss climate change impacts (and take symbolic pledges synonymous with this…
The Zimbabwe Power Company (ZPC) noted a general improvement in generation in the 3rd quarter of 2021, after having sent out a total of 2,203GWh, thereby surpassing its target by 7.69%. In a statement attributable to ZPC 3rd quarter report, Kariba Power Station contributed 64% of the total energy production in the period under review,…
On Monday, Tag a Life International (TaLI), a girls’ and young women’s rights organisation conducted a groundbreaking ceremony in the Bravo village of Hurungwe. With the view of reducing unpaid care work; gender-based violence; deforestation; and financial illiteracy,Tag a Life International launched the Young Women Empowerment Through Provision of Clean Renewable Energy for Domestic Use…
The World Bank has announced the commencement of the assignment of Marjorie Mpundu as the new World Bank Country Manager for Zimbabwe. In her new position, Ms. Mpundu’s top priorities will be to continue to develop and implement the Bank’s strategy of engagement in Zimbabwe, through technical assistance and trust-funded activities, which includes support for…
After spending most of her working life in the area of marketing and communications, Priscilla Sadomba of Harare has moved into the field of change management, working with organisations to ensure survival through adaptability. Priscilla is herself a firm believer in managing change, whether in business or in-home life, rather than having change inflict havoc…
By Muchaneta Chimuka The Embassy of the Islamic Republic of Pakistan in Harare organized Pakistan-Africa and Zimbabwe Friendship Day to commemorate, honor and cherish the strong historical bonds between Pakistan and great continent of Africa in general and Zimbabwe in particular. The event celebrated the rich African political heritage, cultural diversity and the continents immense…
By Muchaneta Chimuka PAKISTAN has excellent political co-operation with Zimbabwe, the goodwill that translates into an improvement in our economic, trade relations defence, technology agriculture among others. Herald Correspondent Muchaneta Chimuka (M:C) speaks to Pakistan Charge de’ Affairs’ Mr Fariz Hassan (F:H) to get the insight. M:C How does the relationship between Zimbabwe and…
By Chris Mahove A Zimbabwean born businessman is running for Mayor in the city of Allentown in the United States of America. Solomon Tembo, who was born in Kadoma, will contest against two other candidates, a Cuban and a Spaniard in the mayoral election slated for November 2. The city of Allentown is home to…
By Joyce Mukucha As a result of the global Covid-19 pandemic, the loss of working hours in 2021 will be significantly higher than previously estimated, as a two-speed recovery between developed and developing nations threatens the global economy as a whole, the International Labour Organization(ILO) has revealed. In its eighth edition of the ILO Monitor:…
As Zimbabwe grapples with economic challenges, the Freedom of Rights Under Sovereign (FORUS) Party believes business innovation and sustainability is the panacea hence in the last few weeks, it has been training urban communities on entrepreneurship. Entrepreneurship is defined as an activity that involves the discovery, evaluation, and exploitation of opportunities to introduce new goods…
The 12th meeting of the IATF2021 Advisory Council held virtually on 22 October 2021 and chaired by His Excellency Chief Olusegun Obasanjo, Chairman of the IATF2021 Advisory Council and former President of the Federal Republic of Nigeria, reviewed progress on final preparations for the second Intra-African Trade Fair (IATF2021), which runs from 15 to 21…
By Antonio Guterres The climate crisis is a code red for humanity. World leaders will soon be put to the test at the UN Climate Conference — known as COP26 — in Glasgow. Their actions — or inactions — will show their seriousness about addressing this planetary emergency. The warning signs are…
Through the new contribution agreement, SECO will invest CHF 8 million throughout 2021-2025 to strengthen the competitiveness and resilience of small businesses across developing countries with a focus on global public goods. Ms. Marie-Gabrielle Ineichen-Fleisch, State Secretary and SECO Director, and Ms. Pamela Coke-Hamilton, Executive Director of ITC, signed the contribution agreement during a ceremony in Bern…
By Calvin Manika Zimbabwe is among the nations attending the COP26 conference in Glasgow, Scotland next month. Like many third world countries it has been equally affected with climate change as evidenced with successive droughts and unreliable rainfall in some seasons. The rise in temperatures in many parts of Zimbabwe shows the brutal effects of…
By Calvin Manika Hwange in the South West of Zimbabwe is endowed with coal and wildlife. It is the epicentre of coal mining in Zimbabwe with the majority mined by Hwange Colliery Company Limited (HCCL). Of late, HCCL has been facing operational challenges and at some point the company engaged in mass retrenchment. Despite the…
