read all interesting business stories on zimbabwe news spiked. Newsdzezimbabwe business is updated every day and is very reliable.
By Zimbabwe Coalition on Debt and Development (ZIMCODD) The much-awaited 2019 Auditor General’s Report was tabled in Parliament this Wednesday, 16th of June 2021. Major issues from the report include: Unauthorised Excess Expenditure As previously reported in the prior years, Treasury continued to incur unauthorised excess expenditure on the budget. In 2019 excess expenditure of…
Two singing groups from Zimbabwe made it into the top 10, hoping for a shot at the career-changing first prize of US $100 000. With their stellar vocals, it seemed it was either The Unveiled or Effect who would walk away with the Amazing Voices crown. Labelled one of the most promising groups earlier on,…
Zimbabwe is taking commendable steps to combat desertification and hunger, Honourable Mangaliso Ndlovu, the Minister of Environment, Climate, Tourism and Hospitality Industry has said. The Minister revealed this on the World Day to Combat Desertification and Drought on 17 June 2021. Zimbabwe as a party to the United Nations Convention to Combat Desertification continues to…
The Harare Wetlands Trust and the Harare Residents Trust (HRT) affirm their full support to the preservation of the environment, respect for the rule of law, and the upholding of key legal provisions on the protection of wetlands and road verges. The organisations acknowledge that there has been an increase in trading along main and…
For many years of their patronage and custom, loyal customers of the Nyaradzo Group are in for a huge treat as the company launches an exciting promotion with huge rewards. “As part of the activities lined up to celebrate our twenty years of Service Excellence, we will be conducting a raffle draw in which participating…
The Southern African Development Community (SADC) has trained the media on how to use Data Journalism for Vulnerability Assessment and Analysis (VAA) data in their work. Alfred Hermida contends that data journalism draws on fields such as information visualization, computer science, and statistics to convey news through the analysis and representation of quantitative, computer-processed data….
The Zimbabwe Congress of Trade Unions (ZCTU) noted with concern, contents of a Press Statement by a Norton Based Chinese tile manufacturing company, Sunny Yi Feng Tiles (Zimbabwe) Pvt Ltd, to cover up its mistreatment of workers after it was exposed. The union said instead of working on improving the situation at the company, Sunny…
The Confederation of Zimbabwe Retailers (CZR) engaged the Reserve Bank of Zimbabwe Governor, Dr. John Mangudya who in turn warned the retailers that SI127 targets those abusing auction funds, manipulators of the exchange rate, and those that do not bank funds. The Central Bank Governor said SI127 is meant to ensure compliance. “We would want…
As with many countries across the world, 2020 saw Zimbabwean schools abruptly closed as a consequence of the Covid-19 pandemic. The closure of schools for almost a year seriously impacted school outcomes and reversed some important post-independence gains in areas such as literacy and numeracy, school infrastructure, and school attendance, among others. Most public schools…
The Postal and Telecommunications first quarter of 2021 as virtually presented by the Postal and Telecommunications Regulatory Authority of Zimbabwe (POTRAZ) Director-General, Dr. Gift Machengete witnessed growth in active internet and data subscriptions among its key highlights. Accordingly, the Director-General presented the key trends observed in the Postal and Telecommunication sectors during the first quarter…
Passengers can now book seats using VAYA App & enjoy guaranteed travel insurance cover ‘VAYA NeZupco’ set to offer convenience, safety and reliability for public travel VAYA Mobility and the Zimbabwe United Passenger Company (Zupco) today unveiled ‘Vaya neZupco’, a partnership that will give the travelling public the convenience to book seats on long-distance buses…
Leading financial services provider, the National Building Society (NBS) has launched an all-inclusive, local remittances product, NBS Instant Cash, which allows banked and non-banked customers to send forex locally at the lowest premiums, thereby catering to the needs of the marginalized. Mildret Kujinga, NBS Head of Marketing, in an interview with journalists, said the service…
World Bank President David Malpass, and his senior management team, comprised of Dr Axel van Trotsenburg and Dr Makhtar Diop, have met with the African Union’s COVID-19 Vaccine Acquisition Task Team (AVATT) to discuss modalities for a partnership that will accelerate vaccine deployments to Africa. In a historic COVID-19 vaccine procurement agreement signed on…
Zimnat, a leading player in the insurance and wealth management industry for more than seven decades, has been awarded the Best Insurance Brand in Zimbabwe in the 2021 Global Banking and Finance Review awards. The annual business awards which are hosted by the Global Banking and Finance Review magazine are designed to recognize the innovation, achievement, strategy,…
The Zimbabwe Electricity Transmission and Distribution Company (ZETDC) is encouraging its valued customers to conserve electricity during this winter period. In a statement, the company said the energy that is conserved will be utilised by the next consumer hence relieving the national electricity grid and in turn reducing incidences of load shedding. ZETDC advises consumers…
Econet customers can now access NMBConnect, NMB Bank’s Digital Branch, free of data costs. This was announced today by NMB Bank chief executive Ben Washaya, who said work was underway to conclude a similar zero-rating agreement with NetOne. “We believe access to data or airtime should not be a barrier to safe and convenient banking,…
The Walvis Bay Corridor Group (WBCG) in collaboration with the Namibia Ports Authority and the Ministry of Works and Transport, as well as other key industry stakeholders in the Republic of Namibia, will be conducting a trade mission to the Republic of Zimbabwe from 18th June to 2nd July 2021. The main aim of the…
DPA and Huawei partner on new Lithium-Ion battery technology In pursuit of building synergies in energy technology, Distributed Power Africa (DPA), an Econet Global company is partnering with Huawei Technologies to transform African communities through smart batteries and solar. This collaboration will culminate in the offering of the Huawei Smart Energy Fusion product to be…
It is the first time the G7 DFIs have come together to make a collective partnership commitment to the African continent The G7 DFIs, the IFC, the private sector arm of the African Development Bank, EBRD, and the European Investment Bank (www.EIB.org) today announced that they were committed to investing $80 billion in the private…
By Veritas Confusion about spot fines persists at the highest levels of government. In the National Assembly on the 9th of June, the Deputy Minister of Home Affairs was asked if people could be forced to pay spot fines for traffic offences even if they had no money to pay. She answered: “Yes, it is Government policy. …
The Confederation of Zimbabwe Retailers (CZR) has embraced the new COVID-19 measures announced by Vice President and Minister of Health and Child Care Dr. Constantino Chiwenga on Saturday. The measures came amid the surge in new cases which had seen 596 new cases and 26 deaths in the last 7 days as of yesterday as…
By Anna Sanfilippo – Online and Mobile Applications Specialist World Telecommunication and Information Society Day (WTISD) has, since 1969, been celebrated annually on 17 May. This theme for this year’s celebration is: Accelerating Digital Transformation in challenging times. “The COVID-19 crisis has not only highlighted the critical role of information and communication technologies (ICTs) for…
By Tinashe Eric Muzamhindo The level of dishonesty and chicanery in our country has ballooned and crescented to another level whose summit blows with callous fallacy as evidenced by the current Finance Minister’s bold claim that we have a surplus budget of over 100 million dollars when thousands of people are suffering. People are getting…
Puseletso Mompei Tafadzwa is passionate about mentoring and empowering young students and CAs, as well as his colleagues. Thriving in an economy that is stable, where a steady environment pervades, is easy. But how do you build a successful career in the face of arduous circumstances? Tafadzwa Mahachi says it’s all about hard work, collective support,…
World Bank President David Malpass this week met with a delegation of the Africa Vaccine Acquisition Task Team (AVATT), led by African Union (AU) Special Envoy Strive Masiyiwa, to discuss the multibillion-dollar financing of vaccines for African countries. Mr. Malpass later tweeted a screenshot of the meeting showing him and the bank’s top leadership,…
By Africa50 The African Continental Free Trade Agreement came into effect in January and, in theory, represents a huge opportunity to stimulate private sector investment in African infrastructure. “We are now one big single market of over 1.3 billion people,” says Alain Ebobissé of Africa50. “One of the challenges we have historically faced is that…
BY ZESN The Zimbabwe Election Support Network (ZESN) expresses concern over the new dates that have been set by the government for the conducting of the population census and delimitation exercise. The new dates were announced in the latest post Cabinet press briefing, in which the government indicated that the country remains on course to…
By Philip Mataranyika From time immemorial, breaking the glass ceiling has been an uphill struggle won by individuals who are made of sterner stuff. Across demographics, many can relate to this metaphor. This rings true particularly to our women folk who still have to break many barriers on their way to achieving greatness, notwithstanding the…
Child labour has increased for the first time in 20 years. This indicates a reversal of the progress made over the past two decades according to the joint ILO and UNICEF report titled Child Labour: 2020 Global Estimates, Trends and the Road Forward. The report, launched to mark the occasion of the 2021 World Day…
Mr. Sifundo Chief Moyo has outlined a solid vision in his bid to become the Secretary-General of the Pan African Postal Union (PAPU) by pledging to steer the continental organisation in the right direction in line with the attainment of Vision 2030. He made the remarks ahead of the Ordinary Session of the Pan African…
Distributed Power Africa (DPA), the continent’s leading renewable energy solutions company, says it is targeting to reduce Econet Wireless Zimbabwe’s diesel consumption by 80% through the use of solar batteries. Several businesses in Africa have been relying on fossil fuels to sustain their operations due to erratic power suppliers. However, environmental and sustainability concerns, along…
The United Nations Development Programme (UNDP) is partnering with Masawara and the United Nations Volunteers (UNV) to provide recent university graduates with work experience and full-time employment through its new Class – 2 – Career job placement programme. Class-2-Career (C2C) is an 8-month career development programme targeting young, talented Zimbabwean nationals under the age of 27 who…
Kia Motors Zimbabwe, the only certified Kia dealership in the country is thrilled to introduce the Kia Sonet onto Zimbabwean roads, especially with the growing B-SUV trend. Following extensive market input, especially relating to its design, engine, and transmission tuning, and characteristics, and suspension attributes, the Sonet was designed to offer customers a car that…
The agricultural sector is the backbone of many economies in Southern Africa and Zimbabwe is no exception. A look back at Zimbabwe’s agricultural industry over the years shows the important role played by this sector in contributing to the economic development of the country. Croco Commercial which is a subsidiary of Croco Motors is accessible…
Gross Domestic Product (GDP) growth in Zimbabwe is projected to reach 3.9 percent in 2021, a significant improvement after a two-year recession, according to the World Bank Zimbabwe Economic Update (ZEU) launched today. Economic growth this year will be led by the recovery of agriculture as rains normalize, businesses adjust to limitations caused by the…
Econet Wireless, Zimbabwe’s largest mobile network operator, last week unveiled an affordable 4G enabled smartphone that is set to increase mobile internet adoption across the country. The new 4G MIFI Kambudzi, which runs on the KaiOS operating system, can be used across all networks and is designed to allow subscribers to connect at faster speeds….
Crisis in Zimbabwe Coalition has noted with great concern, the continued clampdown on livelihoods by the government. Since June 7, 2021, the government has roped in the security services as part of an operation to destroy structures built by informal traders who are seeking to eke a living in a ‘failed economy.’ The operation has…
During the launch of the National Disability Policy and the National Labour Migration Policy in Harare yesterday, President Emmerson Mnangagwa said the documents are a vehicle for inclusive growth and development that his administration embarked on in order to attain the Vison 2030 of making Zimbabwe an upper-middle-income economy. The launch of these two policies…
The African Risk Capacity (ARC) Group and the Centre for Disaster Protection have entered into a partnership agreement to mutually promote technical collaboration on capacity building, research, and advocacy through a Memorandum of Understanding (MoU) jointly signed by the chief executives of both institutions. Under the MoU, the parties will explore opportunities and leverage their…
The Government of Zimbabwe, through the Ministry of Public Service, Labour, and Social Welfare will today launch the National Labour Migration Policy (NLMP). The policy is a product of the joint effort of the government and the International Organization for Migration (IOM), with technical support from the International Labour Organization (ILO). It is aimed at…
By Clemence Muchedzi Sweet Valley Club, an organization that advocates for the protection, enhancement, and empowerment of youth through developing leadership skills and awareness of social responsibilities has called for collective effort among youths to champion national development. Founder of the organization, Abel Tafadzwa Musanhu said their desire is a future whereby every youth is…
By Zimbabwe Election Support Network (ZESN) INTRODUCTION During the month of May, a new variant of COVID-19, the Indian Variant B.1.617, was detected in Kwekwe. Subsequent to this, the government imposed a two-week lockdown covering the entire district: the City of Kwekwe, Redcliff town, and the surrounding farming areas in Kwekwe Rural District Council. Measures…
By Charles Dhewa While the profile of indigenous food has been rising over the past few years across Africa, policymakers are yet to direct policies and public spending to the majority of indigenous commodities. A lot of support continues to be directed at exotic commodities that are being threatened more by a changing climate. Sweet…
A partnership announced today between the International Finance Corporation (IFC) and the Government of Zimbabwe will support recovery and jobs in Zimbabwe’s tourism sector by helping increase air access to Victoria Falls, one of Africa’s premier tourist destinations. Under the partnership, IFC will help Zimbabwe and the private sector to attract more airlines and…
UNAIDS urges world leaders to adopt a bold political declaration on HIV at the United Nations General Assembly High-Level Meeting on AIDS, being held in New York and online next week, and to commit to achieving a new set of targets for 2025 to end AIDS by 2030. Four decades after the first cases of…
