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A Framework Agreement was signed on December 1st in Cairo between the African Export-Import Bank (Afreximbank), the pan-African multilateral EXIM bank, and the African Energy Investment Corporation (AEICorp), an affiliated entity of the African Petroleum Producers’ Organization (APPO) that was established to support the development of Africa’s hydrocarbon and energy sectors. The Agreement was signed by…
Old Mutual Investment Group Zimbabwe (Private) Limited has officially launched the Old Mutual Zimbabwe Stock Exchange Top Ten Exchange Traded Fund. The Old Mutual Zimbabwe Stock Exchange Top Ten Exchange Traded Fund is the first Exchange Traded Fund in Zimbabwe, heralding a new era on the Zimbabwean capital markets. The Minister of Finance and Economic…
The post office is an important Government agent that facilitates financial inclusion, poverty alleviation, trade, communication and delivery of agency services, Dr. Jenfan Muswere, the Minister of Information Communication Technology (ICT), Postal and Courier Services has said. He was giving a keynote address at the ZIMPOST Strategic Workshop held in Harare today. “Ladies and Gentlemen,…
Kindergarten teacher Fatima Zahera Hagou recalls that just a generation ago, when the sun went down over the Moroccon countryside, her rural village of Dar Laain ground to a halt and locals bedded down for the night. Nowadays, Dar Laain, about 25km southwest of Marrakech, booms with life after dark, thanks to the expansion of…
African Export-Import Bank (Afreximbank) today in Cairo officially launched the operations of ‘MANSA’, a pan-African customer due diligence repository for financial institutions, corporate entities and SMEs, developed to address the perceived risk of doing business in Africa and with Africans. MANSA is a single source of the primary data required for Customer Due Diligence (CDD)…
The Institute of Chartered Secretaries and Administrators in Zimbabwe has launched a Women in Governance and Accounting (WIGA) Chapter. It launched the chapter on Friday at the end of its annual conference in Nyanga. The chapter’s inaugural chairperson, Dr Avilla Goba, described the formation of the chapter as a historic moment. “Our institute is joining…
The Integrated Food Security Classification (IPC) has reported that an increase in food insecurity in Zimbabwe is being driven by poor harvests, reduced income and high food prices but is partially mitigated by increased humanitarian food assistance. Below, Spiked Online Media reproduces snippets from the report: Current Situation Overview (Oct-Dec 2020) Currently, 2.61 million people…
Higherlife Foundation and Delta Philanthropies this week host a 5-part virtual webinar series under the theme Catalysing Vision 2050. From 1 to 3 December 2020, the organisations bring together a cosmopolitan array of speakers for conversations on Education, Health, Rural Transformation and Sustainable Livelihoods, Disaster Relief and Preparedness and Entrepreneurship and Accessing Finance. Higherlife Foundation…
By Charles Dhewa Contrary to approaches promoted by most development agencies, African communities cannot be developed by fixing weaknesses but tapping into existing strengths. No wonder most interventions focusing on vulnerable households have failed to lift people out of poverty despite pouring millions of dollars. Every community has champions whose strengths need to be harnessed in…
For the second time in two months, media from across the South African region experienced Galileo, Huawei’s immersive exhibition hall that explains 5G technology and its benefits. More than 35 media houses from across sub-Saharan Africa attended the tour and picked up rare insights into 5G innovation and its relevance to the region on the…
Maisha Health is offering free blood glucose measurements at selected sites across the country as part of World Diabetes Month commemorations. The Cassava Smartech Zimbabwe health tech unit said the awareness campaign was aimed at detecting early signs of diabetes. The chronic disease, which affects about 1,4 million people in the country, is a major…
Zimbabwe Revenue Authority (Zimra) Commissioner-General Faith Mazani has urged people to stand up against corruption and stand up to police officers who demand customs clearance documents from them. “Let’s stand up to corruption. Police are not supposed to demand customs clearance documents,” she said. She was responding to a suggestion put to her at the…
Yanitsa Boyadzhieva Market research company TrendForce forecast Huawei’s smartphone market share would plunge in 2021, with Apple and rival Chinese vendors tipped to reap the benefits. In its latest study, TrendForce predicted Huawei’s share would fall from an estimated 14 per cent this year to 4 per cent in 2021 due to US restrictions. The research…
Mr. Li Yong, the Director-General of the United Nations Industrial Development Organization (UNIDO) has emphasised the need for paying due attention to building resilience in increasing Africa’s industrialisation. He made the remarks during the High-Level Session, Africa Industrialization Day on “Inclusive and Sustainable Industrial Development in the AfCFTA era” on 20 November 2020. “This year’s…
Dr. Jenfan Muswere, the Minister of Information Communication Technology (ICT), Postal and Courier Services has called on stakeholders to embrace cutting-edge technology to advance our society and our shared interests. Minister Muswere made the remarks at the Computer Society of Zimbabwe (CSZ) ICT Summit held in Nyanga from 25 to 27 November 2020. “It gives…
Windmill Private Limited Company’s stock-feeds are tried and tested for the local environment before they are put on the market and that is the reason why they are becoming the first choice for Zimbabwean farmers. Below, Spiked Online Media talks about Windmill products on offer: BROILER FEEDS BROILER STARTER MASH/CRUMBS (21% CRUDE PROTEIN) Feed broiler…
The launch of Child Online Protection Guidelines by Childline will go a long way in raising awareness on child online safety. This was revealed by the Childline Director Ms. Stella Motsi in a speech read on her behalf by Macbeth Makoni, the organisation’s Human Resources and Organisational Development Manager. “Today brings finality to a process…
A healthy collaboration between Government and Private sector is critical for the creation of a conducive environment in which women can thrive and succeed The Ecobank Group (https://www.Ecobank.com/) launches ‘Ellevate’, a programme for women-owned and women-focused businesses across 33 markets. This programme is designed to help women reach their full potential by empowering, growing and…
For the last four years, African Women in Media has held its annual conference and Pitch Zone. AWiM2020 goes virtual this year, and so does the Pitch Zone. Sponsored by the European Union, attendees of AWiM2020 Virtual will be able to submit written or video pitches to any of the five categories. The winners will…
Every Child In School (ECIS), a movement that contributed immensely to the enactment of the new education amendment act, on 25 November 2020 commemorated the 16 days of activism against Gender-Based Violence with emphasis on the power of education in ending this scourge against children especially girls and young women. “We celebrate the government of…
African industrialist Adam Molai has launched a $1-million fund to provide entrepreneurs with capital to kickstart or expand their enterprises, in a massive boost for start-up businesses in Africa. The JUA [sunrise in KiSwahili] Kickstarter Fund will provide successful applicants with funds – to launch or grow their businesses – as well as mentoring and…
This year’s annual conference of the Institute of Chartered Secretaries and Administrators in Zimbabwe, which takes place on Thursday and Friday this week, focuses on adjusting the mindset of governance and accounting professionals to the new normal. The theme of the conference, which is being held at the Montclair Hotel in Nyanga, with both physical…
African Export-Import Bank (Afreximbank) and the Republic of Rwanda, on 22 November 2020, in Cairo, signed key documents related to the establishment of the Fund for Export-Development in Africa (FEDA), a development-oriented subsidiary of Afreximbank. The Establishment Agreement and Memorandum of Understanding were signed by His Excellency Alfred Kalisa, Ambassador of the Republic of Rwanda…
Mathew M. Abang (PhD, MBA) When compared with other regions of the world, Southern Africa’s GDP growth between 2011 and 2017 was higher than that of advanced economies. However, the Southern Africa region (the Member States of the Southern African Development Community – SADC) failed to maintain the growth momentum and had the lowest growth…
Econet Wireless Zimbabwe (Econet) this week marginally adjusted its voice bundle tariffs in a bid to guarantee continued delivery of acceptable service to its customers. The telecommunications giant, which has invested over US$1,3 billion in infrastructure since 2009, told customers in a notice that it would “review its Bundle of Joy voice bundles on Wednesday…
OFF-GRID Expo + Conference 2020 (www.Off-Grid-Expo.com) hosts its first digital edition in partnership with UNIDO ITPO Germany and Alliance for Rural Electrification for a two-day trade event; the exclusive digital event aims to cover off-grid solar, wind turbine, and hydropower systems and independent power supply; attendees can look forward to exciting lectures, panels, and unique…
As the council continues its demolition of houses in the capital city’s residential suburbs, the leadership of ZANU (PF) Harare Province is unequivocal in its condemnation of the move by the municipality and land barons and called for a stop to the actions which they said are violations of human rights. This was revealed by…
Zimnat General Insurance’s financial strength rating has been reviewed upwards to AA+(ZW) Outlook Stable by Global Credit Rating (GCR), which is the current highest credit rating within the short-term insurance space in Zimbabwe. The upgrade is from an A+(ZW) rating in 2019 which was an improvement from A- (ZW) in 2018. “The upgrade of Zimnat General’s…
The Executive Director of International Trade Centre (ITC), Pamela Coke Hamilton has prescribed a cocktail of measures for Africa to attain Vision 2030 by reimagining industrialisation. In her keynote speech at the Africa Industrialisation Day on 20 November 2020,the ITC Executive Director highlighted five key strategies that the continent can embrace to achieve the ambitious…
At the forefront of promoting smart industrial policies and mobilising infrastructure development funding for Africa, the African Development Bank (https://www.AfDB.org/) on Africa Industrialization Day 2020, urged the continent to accelerate industrialization for the transformation of African economies. The African Development Bank counts Industrializing Africa as one of its High-5 key strategic aims, critical for the…
Old Mutual, the nation’s leading financial services provider, has launched the Eight2Five Innovation Hub in partnership with Udugu Institute. The journey of The Hub started in 2016 with a vision to create a place where dreams and ideas would be realised. Today this vision has come true. The Hub will capacitate youth-run start-ups while increasing…
The African Union (AU) saw the introduction of the African Business Council (AfBC) through the delivery of a Side Event held on the margins of the 2020 African Industrialization Week (AIW). The Side Event which focused on the ‘Introduction of the AfBC and Its Role in Africa’s Industrialization’ was led by the Interim Chairperson of…
The Southern African Development Community (SADC) Executive Secretary, H.E. Dr. Stergomena Lawrence Tax has underscored the important role of the private sector and small to medium enterprises (SMEs) in driving industrialisation in the region. The statement comes on this day, the 20th November, as the SADC region joins the rest of the world to commemorate…
By Brienne Prusak (Medical & Global Health Press Officer) Allowing pharmaceutical corporations to enforce patents would prolong the pandemic by preventing generic manufacturers from creating more affordable versions of medicines, vaccines, and diagnostics All governments, including the US, should support the request at the World Trade Organization (WTO) to waive certain intellectual property (IP) protections…
The popular entrepreneurship competition for upcoming business start-ups that are showcased on Zimbabwe Broadcasting Corporation Television (ZBC TV), Ndine Thaza Season 6 got off to a good start with sponsorship from Power Giants yesterday. Announcing the sponsorship deal in Harare yesterday, Engineer Edzai Kachirekwa, the Power Giants Group Transmission Director for Southern Africa said his…
For Africa to recover from the COVID-19-induced economic downturn, there is a need to embrace innovation and technology as low-hanging fruits for recovery, Ambassador Albert M. Muchanga, the African Union Commissioner for Trade and Industry has said. The Commissioner made the remarks in his keynote address at the 2020 Africa-Korea business forum held under the…
Mobile telecommunications giant Econet Wireless Zimbabwe has launched a ZW$10 million Christmas promotion that will see tens of thousands of subscribers walk away with an assortment of prizes, including refrigerators, TV sets, solar panels, data, airtime and many more. The special promotion, called “IKhisimusi sifikile Kisimusi yatosvika” (Christmas is Here!), is set to cheer millions…
NetOne has launched a Thank you Campaign called “GigaThanks Promo” in which customers will stand a chance to win data and airtime every week for being loyal to the network of choice. The “GigaThanks Promo” rewards existing, new, and customers that have not used their sim cards in the past 90 days. 300 000 customers that…
As one of the leading forex brokers, HYCM is committed to educating those interested in the financial markets HYCM (www.HYCM.com), a well-established global forex broker, attended an exclusive financial webinar as a guest of the American University in Dubai, where Giles Coghlan, Group Chief Currency Analyst, presented COVID-19 Outbreak’s Impact on The Financial Markets (https://bit.ly/32UCVGo). Over 90 finance…
The Forty-Fourth Session of the Administrative Council of the African Regional Intellectual Property Organization (ARIPO) has voted Mr. Bemanya Twebaze, a candidate from Uganda, as the Organization’s next Director General (DG) for a fixed term of four years that will start on January 1, 2021, to December 31, 2024. “Thank you to the Administrative Council…
UNICEF Zimbabwe has appointed Nkosilathi Nyathi (17) as a UNICEF Youth Climate Advocate to advance the climate and environment agenda in Zimbabwe and mobilize other young people to join the fight against climate change. The appointment comes as UNICEF commemorates World Children’s Day on November 20, under the theme “Reimagining a greener more sustainable future,…
In the past few weeks, the International Finance Corporation (IFC), a member of the World Bank Group (WBG), has been the subject of cybercrime attacks from unknown individuals and entities. The perpetrators have created a series of fake websites, emails, loan application forms, and URLs impersonating IFC in Zimbabwe including https://www.ifcbusiness.org/ and https://www.ifcbusiness.org/sme-loans. The online…
Mr. Albert Muchanga, the Commissioner for Trade and Industry at the African Union Commission yesterday revealed the continent’s industrial development plan while officially opening the Africa Industrialisation Week 2020. The start of Africa Industrialization Week yesterday will lead to the commemoration of Africa Industrialization Day on 20th November 2020 for the High-Level Session to be…
Despite the debilitating effects of COVID-19, NetOne is continuing to offer communication solutions as evidenced by its recent launch of a virtual airtime buying, selling, and distribution platform. NetOne Acting Chief Commercial Officer Mr. Nyaradzai Shoko, speaking yesterday at the Zone One Dealer Appreciation Cocktail that coincided with the update on the launch of the…
EcoCash, Zimbabwe’s largest mobile money platform, is now reaping the rewards of its core system upgrade, with the platform now able to deliver automated and significantly enhanced customer experience to its customers. Mr Eddie Chibi, the Chief Executive Officer of Cassava Smartech Zimbabwe, the holding company of EcoCash, said the group was focused on enhancing…
