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EcoCash, the country’s largest mobile money platform, has given notice to adjust its transaction charges by up to 20 percent. The charges, which were last reviewed back in March, were announced in media notices published on Wednesday (Dec 16). A company spokesman said EcoCash was adjusting its charges, effective January 14, 2021, in order to…
By Beaven Dhliwayo The National Development Strategy 1 (2021- 2025) (NSD1) replaced the Transitional Stabilisation Programme (TSP) which was implemented in October 2018 and ends December 2020. Both strategies are aimed towards achieving the Government’s overarching desire to transform Zimbabwe’s economy from a low income to an upper-middle-income economy by 2030. A low-income economy has…
The Postal and Telecommunication Regulatory Authority of Zimbabwe (POTRAZ) seeks to advance inclusivity in the access and use of information communication technologies (ICTs) by all including persons with disabilities (PWDs). This was revealed by Dr. Gift Machengete, the POTRAZ Director-General, on the the occasion of the handover of ICT equipment to schools and institutions that…
By Bernard Chiketo A senior Anglican church cleric has slammed local politicians over their handling of young people who he challenged to unite and assert themselves their demand to be active beyond dirty foot-soldier-assignments. Reverend Joseph Waziveyi speaking on the sidelines of a Zimbabwe Council of Churches (ZCC) ran Business, Leadership and Economic Youth Empowerment…
By Desire Tshuma Philanthropist Xoey Chirenda Chimombe on Saturday donated early Christmas baskets to twenty-five vulnerable community members in Seke Kraal under Chief Seke. Under her organisation, Va Chirenda Centre for Hope Foundation, Xoey who is the founder managed to donate to twenty-five vulnerable community members who include the vulnerable young women, the orphans and…
During 2020, the African Export-Import Bank (Afreximbank) has increased the number of its Trade Finance Intermediaries (TFIs) to more than 65 in 30 African countries. A key component of the Bank’s business model, the Trade Finance Intermediary initiative enables a smoother delivery of Afreximbank’s initiatives and credit solutions. In line with its charter and mandate, Afreximbank…
By Joyce Mukucha The United Kingdom (UK) is preparing to host the Africa Investment Conference which will be held virtually in the new year, an event which comes one year on from the UK-Africa Investment Summit. The Conference’s key focus will be on Greener and more sustainable investment. The UK Department for International Trade has…
By Staff Reporter Stanbic Bank Zimbabwe’s parent company, Standard Bank Group, in pursuit of improving its management of environmental, social, and governance (ESG) risks, and contributing to the sustainable development of Africa, has published its Fossil Fuels Financing Policy. This follows the adoption in 2019 of policies on lending to Coal-fired power projects and Coal-mining…
By Charles Dhewa The notion of financial inclusion being promoted across Africa assumes financial institutions like banks and the stock market are excluding the majority of people including SMEs from financial systems. On the contrary, having been subjected to rigid financial systems and policies for decades, SMEs and local people have developed their own financial systems that shut out…
By Bernard Marr With hope growing that there may be an end in sight to the Covid-19 pandemic, businesses are beginning to reflect on what worked, and what didn’t, in the face of the most disruptive world event most of us have seen in our lives so far. What we learned for certain is that…
By Veritas It is fitting that the International Days for Human Rights and for Anti-Corruption come together because protecting human rights and guarding against corruption are inextricably entwined. Throughout the world, most human rights violations are committed by authoritarian regimes and dictatorships and totalitarian states which suppress human rights in order to maintain themselves in power. In…
The Food and Agriculture Organization of the United Nations (FAO) and CropLife International in early October renewed and strengthened their commitment to work together and find new ways to transform agri-food systems and promote rural development through on the ground investment and innovation. During a virtual meeting, FAO Director-General, QU Dongyu, and Giulia Di Tommaso,…
“The agriculture sector is among the most vulnerable. Agriculture is important not only for food security issues but also for inter-regional food integration,” African Development Bank (www.AfDB.org) Director of Macroeconomic Policy, Forecasting and Research, Hanan Morsy, said during a news conference on the opening day of the African Economic Conference 2020. “We see this as…
The African Export-Import Bank (Afreximbank) considers factoring as a viable alternative financing instrument for supporting Small and Medium-sized Enterprises (SMEs) at a time when traditional commercial bank lending is tightening while trading is about to begin under the African Continental Free Trade Area (AfCFTA). Kanayo Awani, Managing Director of Afreximbank’s Intra-African Trade Initiative and Chairperson…
By Joice Mukucha (Staff reporter) Action Aid Zimbabwe is at the forefront of building the country’s resilience to climate change-induced shocks and disasters that affect food and nutrition security. The institution has partnered the Government in launching the Zimbabwe Food Security Policy Brief after noticing the impacts of climate change-induced shocks such as Cyclone Idai…
Sowell Chikwari (Staff Writer) Zimbabwe and Malawi have moved to expedite the creation of an enabling environment for increased private sector participation and investment in the two countries to stimulate trade and economic growth. This comes as trade between the two countries has declined over the years from a total of US$47 million in 2014…
ABOUT 5 000 local and international athletes are expected to take part in this year’s Econet Victoria Falls Marathon on Sunday, now easily one of Africa’s largest marathons. This year the popular event, which normally takes place in June or July, is being held virtually on December 13, due to restrictions imposed by the COVID-19…
CBZ Holdings was declared the overall winner of the Best Corporate Governance Disclosures Award for listed companies at the Institute of Chartered Secretaries and Administrators Excellence in Corporate Governance Awards ceremony at Cresta Lodge in Harare on Wednesday evening. The first runner-up was Econet Wireless Zimbabwe. The second runner-up was First Mutual Holdings. FBC Bank…
The Zimnat Group has partnered with Zindi, an African data scientist’s community which gives organisations and governments access to world-class machine learning and AI solutions through a talented community of data scientists. The partnership has to date seen the Zindi community develop solutions that has assisted Zimnat to make life better for its customers. Some…
As Zimbabwe joins the rest of the world in commemorating the United Nations International Anti-Corruption Day, the Zimbabwe Anti-Corruption Commission (ZACC) has said it continues to uphold the integrity and principles of good governance for a corruption-free Zimbabwe by 2030. Addressing members of the press on the 9th of December 2020 in Harare, the ZACC…
Samsung extended a smart home partnership with Google to allow its users to control Nest products via smart devices, as the South Korean vendor moves to broaden its consumer IoT footprint. In a statement, the smartphone giant said the upcoming integration will allow its SmartThings platform to access and operate Nest devices including thermostats, doorbells…
By Jason Baker Should the president of South Africa be trading in protected species and pocketing huge sums of money from their deaths? PETA (www.PETA.org) released an undercover investigation (https://bit.ly/3oBOk6q) exposing Cyril Ramaphosa’s carefully concealed – but extensive – trophy hunting interests. At his Phala Phala game-breeding operation, Ramaphosa breeds and sells animals to be gunned down…
As Zimbabwe is feeling the effects of a declining economic and humanitarian situation which has been compounded by Covid-19, recently, the UK announced £7 million to provide much-needed essential services and food assistance to almost 750,000 people, including 14,000 households and nearly half a million migrants who have been adversely affected by the COVID-19 pandemic…
By Anyway Yotamu Zimbabwean-born British inventor William Sachiti, is set to talk about the successful maiden official run of his driverless car in the UK, Thursday’s online show; Celebrating Global Zimbabweans with Kim Jayde. Sachiti’s autonomous vehicle; the Kar-go recently got approved to operate on the streets of the UK and complete it’s first run…
A new trade intelligence tool that enables firms to easily explore and compare trade opportunities across Africa has been released ahead of the start of trading under the new African Continental Free Trade Area. The African Trade Observatory was rolled out by the African Union (AU), the European Union (EU) Commission and the International Trade Centre (ITC)…
The interim Governing Council of the Pan-African Payment and Settlement System (PAPSS) held its inaugural meeting in Cairo on 3 December 2020, a historic step towards the operationalization of the payment system. Developed by African Export-Import Bank (Afreximbank), under the auspices of the African Continental Free Trade Area (AfCFTA) Secretariat and the African Union (AU),…
By Jacob Kudzai Mutisi The number one crime in Zimbabwe is mobile money scam and the most affected is EcoCash according to our Cyber research. There is now an immediate need to use biometric facial recognition as a way of identifying clients. Identity theft is one of the fastest-growing crimes in Zimbabwe with the identities…
By Joyce Mukucha As the rest of the world is joining hands in solidarity to end gender-based violence (GBV) against women and girls during the 16 Days of Activism, the Young Feminist Fund (FRIDA) believes that the safety of communities must be a priority as it arrives at co-creation of digital feminist features. FRIDA is…
By Joyce Mukucha In light of the 2021 National Budget announced by the Minister of Finance, Mthuli Ncube on Thursday, 26 November, the Election Resource Centre (ERC) has called on the Minister and Parliament to ensure adequate resources are availed to the Zimbabwe Electoral Commission (ZEC). In a statement issued on the 7th of December…
Zimbabwe’s largest mobile network operator, Econet Wireless, has revised its voice, data and SMS bundle prices upwards, by an average 20 percent increment, amid value eroded due to currency devaluation and other rising costs of key network inputs. The mobile operator incurred exchange losses of ZW$10,3 billion in the half-year to August 2020 as a…
The uptake of digital agricultural tools and services around the world will be tracked by researchers in the Netherlands to help guide investment and boost food production. Wageningen University and Research in the Netherlands will continue the work of the EU-funded institution, the Technical Centre for Agricultural and Rural Cooperation (CTA), which is winding down…
The media and operating environment in Zimbabwe is saddled with a plethora of challenges, particularly when it comes to investigative journalism. This emerged at a Transparency International Zimbabwe (TIZ) investigative journalism workshop organised with a view of gathering the media’s input towards the development of lasting solutions to the fight against corruption through exposing the…
The 2020 Hackathon saw teams competing in proffering the most relevant ICT solutions to solve post-COVID-19 socio-economic challenges that may hinder the country’s efforts towards attaining the Sustainable Development Goals (SDGs) by 2030. The hackathon ran under the theme “#Hacking for SDGs post-COVID-19 and beyond” and was held in Zimbabwe’s second-largest city of Bulawayo last…
Global trade has rebounded strongly, sustaining economies around the world; ‘Digital globalization’ raced ahead as people flows plummeted; Country ranking led by The Netherlands, Singapore, Belgium, the United Arab Emirates and Ireland; Four Sub-Saharan Africa countries among top 10 countries with the largest gains in connectedness. Today, DHL (https://www.DPDHL.com) and the NYU Stern School of Business…
Leading business local think-tank, Global Renaissance has earmarked the 11th of December 2020 for a year-end business dinner that will focus on leveraging trade for economic development in the coming year. Mr. Ngoni Dzirutwe, the Chief Executive Officer of Global Renaissance Investments, the organisers of the much-hyped event, made a clarion call for local and…
Dr. Jenfan Muswere, the Minister of Information Communication Technology (ICT), Postal and Courier Services has said innovation plays a critical role in national development. He made the remarks in his keynote address during the official opening of the 2020 Postal and Telecommunication Regulatory Authority (POTRAZ) Hackathon held at the Bulawayo Rainbow Hotel today. “Given the…
Women-owned businesses in the Philippines can look forward to connecting to international markets thanks to the new SheTrades PH Hub launched at the annual Philippines National Export Congress on 3 December 2020. The SheTrades Philippines Hub, was launched by the Department of Trade and Industry-Export Marketing Bureau (DTI-EMB) and the International Trade Centre (ITC). The hub is part of…
APO Group (www.APO-opa.com), the leading pan-African communications and business consultancy, yesterday announced Zimbabwean journalist Debra Matabvu (@dmmatabvu) as the winner of the 2020 APO Group African Women in Media Award. The award recognizes, celebrates, and empowers African women in the media who support female entrepreneurship throughout the continent. Debra’s win was announced at the 6th…
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…
