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The election took place on the final day of the 2020 Annual Meetings of the African Development Bank Group Dr. Akinwumi A. Adesina has been re-elected to serve a second fiveyear term as President of the African Development Bank Group (www.AfDB.org) on Thursday, August 27, 2020 by the Board of Governors of the Bank. A…
By Wambui Gichuri Wambui Gichuri is the Acting Vice President, Agriculture, Human and Social Development and Director, Water Development and Sanitation at the African Development Bank (https://www.AfDB.org/)As the prevalence of COVID-19 accelerates across Africa, over 40% of the population in Sub-Saharan Africa do not have access to clean water and are unable to heed the…
The African Risk Capacity Limited (ARC Ltd) Governance Committee has appointed two new Non-Executive Directors (NEDs), Ms. Sarata Kone-Thiam and Ms. Lade’ A. Araba, to join its Board of Directors thereby completing the Board complement of seven individuals in line with structure. The new directors are joining a group of other industry experts led by Mr….
Pan-African businessman Strive Masiyiwa has expressed his delight at the completion of the landmark fibre link from Cape Town to the DRC’s western port city of Moanda. Masiyiwa wrote: Cape Town to Moanda! Now unless you are from the DRC (or an Africa enthusiast like me) you have probably never heard of this place called…
The African Export-Import Bank (Afreximbank), Africa’s foremost multilateral trade finance institution, was today announced winner of the Debt Deal of the Year Award at the 14th Annual African Banker Awards 2020 held virtually. The awards recognize institutions and individuals driving growth and development in Africa and creating new economic opportunities for citizens and communities across the…
Unleashing potential of digital finance could have transformational impact on sustainable development says group of financial, business, government and development leaders convened by the UN Secretary-General The unprecedented social and economic crisis caused by the COVID-19 pandemic has put a spotlight on the role of digital finance in providing relief for millions around the world,…
Three-year revolving global credit facility will strengthen African agricultural networks and bolster the continent’s food security The African Export-Import Bank (Afreximbank), Africa’s foremost multilateral trade finance institution, has approved a $400-million revolving global credit facility agreement for the Export Trading Group (ETG), one of the largest and fastest-growing integrated agricultural conglomerates in Africa. The agreement will enable…
The unprecedented social and economic crisis caused by the COVID-19 pandemic has put a spotlight on the role of digital finance in providing relief for millions around the world, supporting businesses and protecting jobs and livelihoods UN Secretary-General António Guterres will join Achim Steiner, UNDP Administrator, and Maria Ramos, until recently CEO of ABSA Group, as Co-Chairs of his…
One of the country’s leading financial bank ZB Financial Holdings has launched a product “Kesto” a diaspora service hub that provides tailor-made solutions to Zimbabweans living abroad as well as Visa-enabled cards during a spectacular and engaging virtual launch held on Friday 21 August 2020. ZB Financial Holdings Group CEO Ron Mutandagayi said, “ZB has…
African Export-Import Bank (Afreximbank) yesterday released its unaudited financial statements for the six months ended 30 June 2020. Despite the impact of the Covid-19 pandemic on socio-economic conditions globally, the Bank saw its Net Income rise by 10% from US$137.63 million in June 2019 to US$150.75 million in June 2020, mainly as a result of…
A team of British Amateur cyclists has started the Global 30,000KM Bike ride with Land’s End to John O’Groates Adventure to protect African Rangers and Wildlife. 50+ African Travel professionals doing a joint bike ride Land’s End to John O’Groats Thousands of people around the globe doing their own ‘virtual’ bike ride for Rangers 874…
By Bernard Marr No organization can afford to sit back and ignore the potential of AI. Yet, rushing to adopt AI just because the technology exists can be just as damaging to a business. To fully realize the potential of AI – indeed, any new technology – you need to approach it with a clear…
Companies in the Masawara Group, which is comprised of the Zimnat Insurance Group, Cresta Group of Hotels, Minerva Risk Advisors, BIC, Dandemutande and Grand Re-Insurance, have come together to “Make Life Better” for the Chikomba East community. As part of the “Simukai Development Project” which is a village initiative started by Hon Dr Sekai Nzenza…
By Lovemore Chazingwa Title: Exceed Beyond The Ordinary: A Step By Step Guide On How To Become A High voltage Entrepreneur Vol. 1. Author: Kudzanai Vere Publisher: Transformational Mindset Institute Category: Business Date Published: April 2020 ISBN: 9781779250995 In rolling out high brick by brick insight into entrepreneurship, Kudzanai Vere shares with his reader personal…
By Lovemore Chazingwa The business focus must be premised on a sustainable market through a deliberate and organized market research mechanism. This was said by a renowned market research consultant, Sandra Sithole when she was the chief guest speaker on the second edition of Entrepreneurship Conversations under the auspices of Transformational Mindset Institute (TMI). The…
H.E. Amira Elfadil Mohammed, Commissioner for Social Affairs, African Union Commission; H.E. Dr Amani Abou-Zeid, Commissioner for Infrastructure and Energy; and Dr. John Nkengasong, Director of the Africa Centres for Disease Control and Prevention (Africa CDC) launched the “Africa Against COVID-19: Saving Lives, Economies and Livelihoods” campaign during the Africa CDC weekly press briefing on…
African Union special envoy and pan-African businessman Strive Masiyiwa has joined calls for children to go back to school following the closure of schools in Africa and much of the world, in the wake of the COVID-19 pandemic outbreak. Masiyiwa wrote: Children should now return to school. The other day I called a dear friend…
ECOSURE, a micro-insurance brand from Cassava Smartech, has unveiled a new package called EcoSure Pamwepo/Sisonke in an effort to ensure that churches and other social groups have access to affordable insurance cover. This comes as Zimbabwe’s hyperinflationary environment has significantly wiped out people’s disposable incomes as prices of goods and services continue to rise on…
For the first time, researchers can predict how extremely large West African storms may behave when, for example, they approach a cityBy Future Climate for Africa and Researchers at the UK Centre for Ecology and Hydrology (CEH) Ground-breaking scientific research will make it easier to predict the path of some of the world’s most powerful…
By Bernard Marr Thanks to the Internet of Things (IoT), artificial intelligence (AI), and advances in sensor technology, a whole host of everyday products are getting smarter. We have smart TVs and smartwatches. We have smart running shoes – or rather, smart insoles – that gather data on your running performance. You can even get smart nappies that send…
Dr. Jenfan Muswere, the Minister of Information Communication Technology, Postal and Courier Services has hailed the groundbreaking innovation by Zimbabweans who conceived and developed the Glue Virtual Platform. Speaking during the launch today, Dr. Muswere said as a brainchild of Zimbabwean born Professor Richard Chinomona, the Glue Virtual Platform is a proudly African product that…
Philanthropist and pan-African businessman Strive Masiyiwa is mobilizing funds to support the maternal, child-birth sections of Zimbabwe’s largest referral hospitals. Masiyiwa’s action follows recent media reports of seven babies that were reportedly stillborn in one night at one of the country’s largest referral hospitals, after urgent treatment was said to have been delayed due to…
The African Development Bank Group provided a $5 million institutional support grant to the AU towards the establishment of the AfCFTA secretariat At a ceremony on Monday to commission the permanent secretariat of the African Continental Free Trade Area (AfCFTA), Ghana’s President Nana Akufo-Addo and Moussa Faki Mahamat, chairperson of the African Union (AU) Commission,…
By Anyway Yotamu In Beitbridge District, 2 250 households are receiving supplementary subsidized livestock feed from the Program for Growth and Resilience (PROGRESS) under the Zimbabwe Resilience Building Fund (ZRBF) in the wake of the drought being experienced in the country. The intervention is being implemented as part of adaptive programming to the resilience-building efforts…
By Habakkuk Trust The prevailing harsh economic conditions coupled with the devastating impacts of climate change have plunged communities into the doldrums of vulnerability. Growing food insecurity is the norm in most rural areas as the Government’s Food Insecurity Mitigation Program seems to fail to cope with increasing vulnerability in rural households. The situation which…
Recently, the UK contributed £17 million to support the Food and Agriculture Organization of the United Nations (FAO) to continue their efforts to combat the desert locust surge in East Africa and improve early warning and forecasting systems. Because of contributions like this and other contributions that have been made by countries including Germany, Saudi…
By Bernard Marr As a species, humanity has witnessed three previous industrial revolutions: first came steam/water power, followed by electricity, then computing. Now, we’re in the midst of a fourth industrial revolution, one driven by artificial intelligence and big data. I like to refer to this as the “Intelligence Revolution.” But whatever we call it – the fourth…
Avatars include hundreds of global sticker packs and integrations with GIF providers and can also be shared across Facebook and Messenger Facebook (https://www.Facebook.com/) yesterday, launched Avatars in Africa to give people new ways to express themselves online. Avatars are digital personas that enable people to engage across Facebook and Messenger in a more personal and…
By Zimcodd Over the last two decades, Zimbabwe has experienced several unprecedented socioeconomic and political shocks and stresses. Consistent shortages of food, pharmaceuticals, fuel, run-away year-on-year inflation rate of 737.26% (June 2020), a 95% unemployment rate, and poverty are some of the indicators of Zimbabwe’s current macroeconomic crisis. With an estimated domestic debt burden of…
By Charles Dhewa Needs assessments are some of the most under-rated and under-utilized resources in African countries. Development agencies that often start some work in communities with a baseline study often do so for purposes of getting donor money as opposed to fully informing and guiding their interventions. In some cases, the baseline study is…
By Bernard Marr Each industrial revolution has brought with it new ways of working – think of the impact computers and digital technology (the third industrial revolution) have had on how we work. But this fourth industrial revolution – what I call the “intelligence revolution,” because it is being driven by AI and data –…
By Engineer Jacob Kudzayi Mutisi Following the energy challenges that Zimbabwe has been going through, there were expectations that the next Minister of Energy was going to be a leading engineer and definitely not an accountant Cde Soba Zhemu who followed the lawyer Cde Fortune Chasi. The true definition of an Engineer is a creative…
Leadership is a subject that requires some special attributes for it to be effective. Business mogul Strive Masiyiwa shares some of the nuggets on leadership below: Strive Masiyiwa# Reflection: A leader sets the tone! When Nelson Mandela was President of South Africa he came several times to Harare where I lived at the time. On…
Dr. Jenfan Muswere, the Minister of ICT, Postal and Courier Services has said COVID-19 has exposed how misinformation poses one of the greatest security threats of our time. The Minister made the remarks while officially opening the Maphisa Community Information Centre in Matebeleland South Province today. He alluded to the COVID-19 media briefing on 6…
The webinar, themed Investing in Africa’s Future: Youth Empowerment Through Entrepreneurship, invited a range of private and public sector representatives to discuss the challenges young African entrepreneurs face The African Development Bank (www.AfDB.org) joined a number of development leaders in calling for greater support of youth entrepreneurship during a virtual event organized by the Tony…
Handset manufacturer HMD Global secured $230 million in funding to help accelerate growth plans, with Reuters naming Google, Qualcomm and Nokia Technologies among its investors. The company, best known for producing Nokia-branded handsets, noted the cash would be used to pursue growth in four target areas. Its aims are: make its 5G devices accessible globally, citing a…
By Thomas Quarry Meta Title: Africa’s Safest Locations in 2020 Meta Description: Africa offers you ample opportunity to enjoy everything this continent has to offer, from food to pristine beaches and roaming wildlife. Find out which countries have the lowest crime rates and are considered safe for tourists. African countries are like a limitless treasure…
By Bernard Marr Blockchain technology promises to revolutionize many aspects of how we do business and if you believe the blockchain hype (of which there is plenty), may even be as disruptive as the internet was before it. Despite this, practical, real-world examples of blockchain technology can be a little thin on the ground –…
Standard Chartered and Airtel Africa will work together to co-create new, innovative products aimed at enhancing the accessibility of financial services Standard Chartered Bank (www.SC.com) and Airtel Africa have today announced a strategic collaboration to drive financial inclusion across key markets in Africa by providing customers with increased access to mobile financial services. Through the…
Ms. Maria Ribeiro, UN Resident Coordinator for Zimbabwe has said the voices and activism of young people are making a difference and moving the world closer to the values and vision of the United Nations Charter. She made the remarks on the occasion to celebrate the International Youth Day held virtually today so as to…
Various media lobby groups in Zimbabwe have today petitioned President Mnangagwa, the police, local, regional and international organisations as well as media representative bodies where they registered their concern on the deteriorating freedom and security for the media in the country. Below, Spiked Online Media reproduces the petition: Attention: Zimbabwe President, His Excellency Emmerson Mnangagwa…
Zurab Pololikashvili, Secretary General, World Tourism Organization This goes hand-in-hand with a responsibility to preserve the spirit of international solidarity that has characterized our response to this shared crisis, a response that has included international institutions, the civil society at large and individual citizens. Again and again, the pandemic puts us to the test and…
South African businesswoman, engineer, and natural gas expert Nosizwe Nokwe-Macamo has joined the African Energy Chamber’s (www.EnergyChamber.org) Advisory Board for 2020 and 2021. Nosizwe will be advising and supporting the work of the Chamber within its Natural Gas and Local Content committees. Nosizwe was one of South Africa’s first woman petrochemical engineers, and has built…
…Service to accelerate digital and financial inclusion in Africa Cassava Fintech International (CFI) and the Liquid Telecom Group (LTG) have announced the launch of Sasai Wi-Fi Finder, a potential game-changer in driving digital and financial inclusion in Africa. The service, which will be offered across the continent, was announced today, and is set to be…
… Entrepreneurship is pivotal to the sustainability of all economies Be part of the Transformational Mindset Institute’s transformative Entrepreneurship Conversations tomorrow 12 August 2020 as they host international speaker practitioners. The United Kingdom-based Award-Winning Entrepreneur Efe Ohwofasa, the founder & CEO of Focus Guru will be one of the speakers. Efe has trained extensively in…
