read all interesting business stories on zimbabwe news spiked. Newsdzezimbabwe business is updated every day and is very reliable.
Zimnat has lived to its promise to continuously support the elderly by providing free motor insurance cover for some of Melfort Old People’s Home vehicles for the year 2020, a continuation from 2019. Located along Mutare Road, in Harare, Melfort Old People’s Home, which is registered with Help Age, accommodates up to 60 elderly residents,…
In response to the COVID-19 pandemic, the German government assumes premium payments of around EUR 19 million for the drought insurance offered by the African Risk Capacity (ARC). This will reliably protect up to 20 million poor and vulnerable people in Africa against drought in the coming agricultural season and mitigate the risk of a…
The Zimbabwe Prospectors Association (Z.P.A) is urging the Ministry of Mines to improve its systems of operations across all mining provinces. The association argues that there are a lot of problems that require serious attention if the mining industry is to improve in production, efficiency, and effectiveness. “The pertinent issues range from delays in the…
A company might come up with an innovative line of products or might be well known for its service quality. But, until it manages the finances well, it cannot be successful. It cannot maintain the initial momentum of its business in the market. The financial position of any company has direct effects on its operation…
Communities surrounding Matobo National Park are seeking a reprieve on fines paid when their livestock encroach into the Park boundary. This plea comes after the Parks authorities unilaterally increased fines from ZWL6 per day for each beast that encroaches into the National Park to ZWL50 which is beyond the reach of many villagers whose livelihoods were dependent…
Since Democratic Republic of Congo (DRC) declared its first case of COVID-19 on March 10, the coronavirus has gradually spread across the country. Congolese authorities are working to reduce the spread of disease, especially in the capital, Kinshasa, with some 13 million residents. The government implemented preventive measures, including movement restrictions, a partial lockdown of…
Strive Masiyiwa has announced the arrival of 45 full ICU ventilators in Zimbabwe which the businessman ordered a couple of months back. The billionaire entrepreneur and philanthropist, who is the African Union’s Special Envoy to Coordinate the Africa Private Sector Initiative for the Procurement of Personal Protective Equipment and other Essential Supplies, also announced that…
The Paris Agreement effectively came into force in 2020, replacing the Kyoto Protocol which has lapsed. Now the COVID-19 is dampening the prospects of countries to update their Nationally Determined Contributions (NDCs) and implement their commitments to reduce and limit greenhouse gas emissions. Zimbabwe has communicated an NDC that seeks to reduce by 33 percent…
Rising costs as a result of high inflation and a depreciating local currency are threatening the viability of telecommunication companies (telcos) as margins continue to be squeezed, putting the entire industry at risk. This is according to the Postal and Telecommunications Regulatory Authority of Zimbabwe (Potraz) in its sector performance report for the first quarter…
Shareholders of African Export-Import Bank (Afreximbank) have voted and re-appointed Prof. Benedict Oramah as President of the Pan-African multilateral financial institution for a second 5-year term. The decision was announced today in Cairo following Afreximbank’s 27th Annual General Meeting of Shareholders which was held by circulation of resolutions due to the COVID-19 pandemic situation. In an acceptance statement…
The African Development Bank (https://www.AfDB.org) has responded swiftly to the needs of its member countries during the ongoing COVID-19 pandemic. The Bank’s operations have continued to run smoothly since the first cases appeared in early March, despite the wide range of lockdowns and measures imposed by governments to flatten the curve. The COVID-19 pandemic is…
By Anyway Yotamu President Emmerson Mnangagwa has moved to reopen the country’s informal market after over two months closure as part of his government’s attempts to prevent the spread of coronavirus. In his address at State House on Friday 12th of June 2020, President Mnangagwa also reopened churches but maintained the number of congregants at…
By Anyway Yotamu Local authorities have been accused of robbing residents in broad daylight by hiking service fees without delivering basic amenities in spite of paying parking fees, water bills, and tollgate fees among others, a residents lobby group said. Addressing a press conference in Harare, the Chairman of Zimbabwe National Organisation of Associations and…
Staff Writer Nine men have been arrested over a Penhalonga underground gold ore heist. Innocent Chinonzwa, 39, Lovemore Chinonzwa, 37, Maxwell Masamvu, 39, Bright Mabonore, 40, John Mbeu, 42, Wiskes Kovhiwa, 32, Marlon Maringa, 28, Wellington Moyo, 35, and Terrence Mukodza, 34, were not asked to plead when they were arraigned before a Mutare magistrate…
By Anyway Yotamu NMB Bank Zimbabwe says its loan book does not have significant exposure to business sectors that are most affected by the COVID-19 pandemic and subsequent lockdown. NMB chief executive Benefit Washaya said that loan book exposure to the hardest-hit sectors such as tourism was insignificant. “Our direct exposure to the tourism sector…
By Pedro de Vasconcelos The economic impact of the COVID-19 pandemic has led to the loss of millions of jobs in the developed and developing world. Migrant workers are among the most directly affected. They work in economic sectors adversely impacted by the economic slowdown such as construction, the hospitality industry, tourism, food, agribusinesses, transport…
The Postal and Telecommunications Regulatory Authority (POTRAZ) has said the performance of the sector continues to be dependent on the economic environment. In his statement on the sector performance report for the first quarter of 2020, Dr. Gift Machengete, the POTRAZ Director-General said the economic environment impacts the sector through service demand and consumption levels,…
Zimnat has launched a digital financial services magazine, dubbed “Zimnat Insider”, in its continuous quest to make life better and respond to the environment. This launch of the digital magazine comes at an opportune time where we are faced with a pandemic which calls for social distancing and minimising contact. The Zimnat Insider Magazine is…
By Anyway Yotamu ZimTrade is working towards increasing export promotion activities in regional and international markets as a way of meeting the National Export Strategy (NES) target of US$14 billion by 2030. Speaking with this publication, ZimTrade Chief Executive Officer Mr. Allan Majuru said his organisation is at the core of implementing the National Export…
The Conference of Parties (CoP) of the African Risk Capacity (ARC) has elected Mr. Ibrahima Cheikh Diong, of the Republic of Senegal as the new ARC Group Director-General, for a term of four (4) years. The election of Mr. Diong, which was ‘without objection’ from all the Members, was consistent with provisions of the Procedure for…
Ecocash’s online self-service portal allows its agents, merchants, billers, bulk payers, and payroll channel partners to submit their applications online without the need to physically visit Econet shops or offices to be served. The self-service portal, which is open to existing and prospective channel partners, allows them to register on an online portal, submit their…
Cassava Edutech has launched the Akello E-library, an online library platform offering hundreds of school curriculum books that are set to strengthen Zimbabwe’s education sector by providing learners, students and teachers with easy access to a wide variety of Zimbabwe School Examinations Council (ZIMSEC) prescribed text books in schools. “We are introducing the Akello E-Library…
By Habakkuk Trust The government ban of public transport vehicles to prevent the spread of the novel Coronavirus has given rise to pirate taxes in Filabusi Centre. ZUPCO buses and kombis remain the only allowed mode of transportation. These buses go through fumigation process at least twice a day, passengers are sanitised at the entrance…
Zimnat has found an innovative way to interact with and entertain its clients during the Covid‑19 lockdown, by holding online cocktail parties, which it has branded Gungano/Umhlangano Online Cocktail Parties. The first of these was held on Friday for Zimnat Life Assurance corporate customers. More will be held in the coming weeks. Invitations to attend…
By Bernard Marr One thing that the novel coronavirus COVID-19 did for all of us was to push us outside comfort zones and to adapt to new ways of working and living no matter how resistant we might be. From enabling telecommuting for workers who hadn’t done so prior to tackling video conferencing, we expanded…
By Million Belay (Ph.D.), General Coordinator for Alliance for Food Sovereignty in Africa Ever since I saw the video of the death of George Floyd in Minneapolis, Minnesota, on the 25th May, killed by a policeman who knelt on his neck for NINE MINUTES, while he was calling for his dead mother and for mercy, I have been…
By Anyway Yotamu The Minister of Transport and Infrastructural Development, Joel Biggie Matiza has toured the Bulawayo-Nkayi and Bulawayo-Tsholotsho road rehabilitation projects, where he expressed the government’s commitment to complete all major road projects despite the COVID-19 setback. Minister Matiza said completion of all road projects remains a major priority in line with achieving vision…
By Bertalan Meskó, MD, PhD Director of The Medical Futurist Institute (Keynote Speaker, Author & Futurist) It’s been enough for a bit, isn’t it? For three months now, there has been little space in the world for any other kind of news. That is, news without the word ‘coronavirus’. But there was innovation, there is excitement…
In a crisis we know who our real friends are, and we have few better than Aleksandr Zingman. It is said that in times of crisis you really know who your friends are. Zimbabwe has suffered a lot in recent years, especially economically and as a result of the harsh and demanding American sanctions. Few…
UNICEF, in partnership with Econet Wireless and ZiFM Stereo is launching The Internet of Good Things (IoGT) through a virtual live music show featuring Jah Prayzah, Gemma Griffiths, Tamy Moyo, Long John, Nutty O and Asaph. The event will be aired live on ZiFM Radio as well as streamed through ZiFM, UNICEF Zimbabwe and Econet Wireless Facebook…
The African Development Bank (AfDB)’s Whistleblowers in contravention of bank rules, regulations, and laws provided not a single piece of evidence compared to 250 pages of official supporting documentation by President Akunwumi Adesina. The Bureau of Board of Governors upheld the conclusions of the decision in Adesina’s favour. An Independent reviewer will now take a…
By Habakkuk Trust Some small scale mining companies are seemingly struggling to adhere to COVID-19 safety precautions at a time when positive cases are on the rise. These revelations came after a snap survey conducted by Habakkuk Trust in Bubi and Umzingwane Districts to ascertain COVID-19 compliance in the sector. Habakkuk Trust has noted with concern…
By Dr. Jenfan Muswere The importance of ICTs during the COVID – 19 period cannot be overstated given that, due to lockdown restrictions, most people have had to work from home using e – platforms while scholars and pupils have had to engage in e-learning and health institutions have had to rely on e-health for…
“Let’s meet on Chapwati – our WhatsApp group for the Chikuku Development Initiative. Chapwati in our Duma sub-dialect of the Karanga dialect of the Shona language means something awesome, amazing, extraordinary, and impactful,” says world-renowned author and historian, Claude Maredza as he makes reference to a social media group meant to uplift the area and…
By Anyway Yotamu. Leading financial services institution, Stanbic Bank has started distributing US$200 000 worth of equipment to health institutions throughout the country for use by frontline workers in the fight against COVID-19. The Standard Bank Group subsidiary pledged to purchase equipment to help fight COVID-19 in April and has now taken delivery of US$200…
The African Import-Export Bank (Afreximbank) and International Trade Centre (ITC) have teamed up to help businesses make the most of the African Continental Free Trade Area. Afreximbank is teaming up with ITC to train small-business owners and young entrepreneurs in Africa to trade with other African countries as part of the new African Continental Free…
The Africa Regional Mechanism of the Major Groups and other Stakeholders (ARMMGOS) – formerly known as Africa Regional Civil Society Engagement Mechanism (ARCSEM) – under the auspices of the United Nations Economic Commission of Africa (UNECA) was officially launched on the 24th February 2020 at the sixth session of the African Regional Forum on Sustainable…
The Financial Securities Exchange, a member of the Escrow Group a leading pan African fintech company, has been in discussions with the Harare Institute of Technology (HIT) to facilitate the integration of the practical securities trading and capital raising platforms that FINSEC offers with the academic theory that is taught at the institution. These discussions…
By Charles Dhewa Lockdowns as a major method for containing COVID-19 has undoubtedly destroyed social fabrics that sustain most low-income economies. While governments have tried to soften the pandemic’s blow by providing cushioning allowances and other social safety nets to vulnerable members of society including vendors, Mukando or Stokvel and other forms of voluntary and…
By Bernard Marr For data to be useful to humans, we have to be able to visualize it in a way that lets us understand the story it tells, and communicate it to others. Data visualization tools are constantly evolving to offer more powerful features while improving accessibility and user-friendliness. With an increasing number of job…
For the past ten years, Africa has recorded some of the world’s strongest rates of economic growth. At the same time, many African economies continue to function at well below their full potential. Structural transformation is needed to create more jobs, reduce poverty and accomplish sustainable development objectives. The African Development Bank’s (www.AfDB.org) High 5…
By Bertalan Meskó, MD, PhD One person in Wuhan eats an uncooked bat, and your local Walmart runs out of toilet paper. This is such a surreal scenario, no wonder people are looking for alternative answers to how their normal lives got blown into pieces in the matter of weeks. And while conspiracy theories are…
By the Zimbabwe Coalition on Debt and Development The announcement of the indefinite lockdown by President E.D Mnangagwa was received with mixed feelings with some sections of the society feeling that the decision was not made after careful considerations. Nevertheless, those arguing from a public health corner considered the decision as noble in as far…
The African Union Development Agency (AUDA-NEPAD) (www.NEPAD.org) and Ecobank Group (www.Ecobank.com) have kick-started their collaboration to strengthen Africa’s response to Micro Small and Medium Enterprises (MSMEs). High-level representatives from the African Union Commission, regional development banks, development financial institutions, international organisations and commercial banks from the continent came together to focus their efforts on supporting…
By Anyway Yotamu The Zimbabwe Revolutionary and Patriotic Youth Network (ZRPAYON) has given Harare City Council 72 hours ultimatum to provide better service delivery to the residents and ratepayers. In a letter addressed to Harare Mayor Clr Herbert Gomba, (ZRPYON) demanded that the Council should prioritise service delivery as it does to its councillors. “As…
