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The slower than expected growth is partly due to the moderate expansion of the continent’s “big five” — Algeria, Egypt, Morocco, Nigeria, and South Africa For the first time in a decade, investment expenditure rather than consumption accounts for more than half of GDP growth; report calls for urgent investment in education and infrastructure for…
The viability of mobile network operators (MNO) and their ability to provide efficient services is under threat as they continue to grapple with high operating costs amid static tariffs that were last reviewed in October last year. MNOs were last awarded a 95% tariff increase in October last year with Postal and Telecommunications Regulatory Authority…
fastjet Zimbabwe will later this year include a new international schedule from Victoria Falls to Kruger Mpumalanga International Airport (KMIA), Nelspruit, South Africa and a return direct domestic flight from Bulawayo to Victoria Falls. Effective Monday 06 July 2020, the new route schedules, will increase the total weekly flights operated by the airline to 138…
By Kudzanai Vere One thing that is certain in life is we are at some point going to die. The biggest question that we must continuously ask ourselves on a daily basis is, “What kind of a story are we leaving behind when we’re gone?” All that we find ourselves doing on a daily basis…
Nearly 20% of all people arrested in Hong Kong airport in 2018 and 2019 for the possession of illegal substances brought drugs from Johannesburg via South Africa’s OR Tambo airport, according to Hong Kong prison chaplain John Wotherspoon, who is in South Africa currently raising awareness around the recent surge in air-trafficking via Africa’s biggest…
The continued weakening of the Zimbabwean dollar against erratic tariff reviews poses a serious threat to the viability of mobile network operators, industry players have highlighted. Mobile Network Operators (MNOs) last received a tariff review in October 2019 when their regulator, the Posts and Telecommunications Regulatory Authority of Zimbabwe (Potraz), awarded a 95.39% tariff increase….
The African Export-Import Bank (Afreximbank) yesterday in Lagos, Nigeria, signed documents to complete the registration of a 300-billion Naira medium-term note with the Securities and Exchange Commission under the Bank’s local currency programme in what will be the Bank’s first-ever Afreximbank local currency fund raising programme in Nigeria. President Prof. Benedict Oramah, who described the…
By Nyaradzo Mashayamombe Every Child In School (ECIS) Campaign wishes to congratulate the government of Zimbabwe, the Zimbabwean Children, ECIS partners and Tag a Life International (TaLI) for achieving the release of the Secretary’s Circular Number 3 of 2019, which comprehensively response to our petitions to both the Ministry of Primary and Secondary Education (of…
By Joyce Mukucha and Anyway Yotamu The Zimbabwe Revenue Authority (ZIMRA) border agencies have been urged to resist the temptation that perpetrate ills of corruption in as much as facilitation of trade and travel is concerned. Speaking at the belated commemoration of the International Customs Day in Harare on the 27th of January 2020 which…
By Charles Dhewa Instead of shelling out all the land to the current generation, African countries should leave much land uncommitted so that future generations will decide new uses at the time. In fact land should be considered a fluid resource like knowledge. Why should a fundamental natural resource like land be tied to…
State-owned mobile network operator, NetOne has recently been accredited as a Gold Partner and Approved Employer by the Association of Chartered Certified Accountants (ACCA) for their Trainee Development Programme. This milestone makes NetOne the first Public Sector and State Owned Enterprise, in Zimbabwe, to attain this world class status. As part of Government’s focus on…
The study by Standard Chartered examines the most impactful opportunities for investing in three infrastructure-focused SDGs in five high-growth markets in Africa Opportunity2030 study reveals an almost USD200 billion private-sector investment opportunity in contributing to the UN Sustainable Development Goals (SDGs) in five African countries; The study examines the most impactful opportunities for investing in…
By Joyce Mukucha and Anyway Yotamu Since inequality is becoming the order of the day globally and in Zimbabwe, disparities in access to equal opportunities and rights including water, sanitation, health and education are increasing the gap between the rich and the poor. Inequality is leading to social disharmony, mistrust, societal violence, economic regression and…
Zimbabwe Tourism Authority (ZTA) has stepped up efforts to tap into sport tourism – one of the fastest growing sectors in the travel industry which equates to $7.68 billion. ZTA are using the on-going Test series at Harare Sports Club and the Afro-Basket basketball qualifiers to reinforce its drive to encourage sport tourism as the…
NetOne has been aggressively repositioning itself to increase its market share in the very competitive mobile industry. NetOne rolled out a franchise model in May 2018, to increase its reach whilst affording its customers the much-needed accessibility of its products and services across the country and enhance its distribution capacity over and above the 34…
By Lovemore Chazingwa in Kadoma. The City of Kadoma is set to receive a consignment of 13 mega water tanks each with a carrying capacity of 5000 litres that were purchased for the city by Kadoma Central Member of the House of Assembly Honourable Muchineripi Chinyanganya, mid this month. Hon. Chinyanganya told a recent ward…
By Joyce Mukucha Transparency International Zimbabwe (TIZ) with support from Sweden has launched the Corruption Perception Index Results reports on Gendered Corruption Barometer and the Corruption Impact Analysis on Tax Administration and Revenue Mobilization. The presentation of reports and findings was aimed at curbing sexual extortion (sextortion) as well as sexual harassment, which are on…
By Anyway Yotamu The Minister of Industry and Commerce, Dr Sekai Nzenza has issued a stern warning to retailers against hoarding of the maize meal with regards the Roller Meal subsidy programme. The statement comes as retail shops are reportedly running out of maize meal due to panic buying by shoppers and hoarding by some…
The City of Harare and Clean City Private Limited today signed a Memorandum of Agreement (MOU) that will allow the two parties to collaborate in service delivery to the city. Areas of collaboration under the MOU include refuse collection, dumpsites clearance, repair and maintenance of City of Harare refuse trucks along with construction and…
For the first time, the world’s elites meeting this year at Davos have listed environmental issues as their top concerns about the next decade. The WEF’s annual Global Risks Report raises the alarm on increased extreme weather events, manmade environmental damage – including oil spills and contamination, major biodiversity loss, ecosystem collapse and failure of…
Platinum producer, Anglo American Platinum’s production for the last quarter of 2019 rose by 18 percent to 531 700 ounces. Anglo American Platinum said metal in concentrate platinum and palladium production both increased by 10 percent, to 531,700 ounces and 360,400 ounces, respectively. Own-mined platinum production increased by 18 percent to 361,900 ounces and palladium…
By Joyce Mukucha and Byron Mutingwende Zimbabwe and Rwanda are working tirelessly on strengthening their business ties within the context of the African Continental Free Trade Area (AfCFTA) and the Joint Permanent Commission of Co-operation. The bilateral relations will see the two countries co-operating in various areas that include ease of doing business, investment, mining,…
The Reserve Bank of Zimbabwe has said it has disbursed ZW$1.1 billion into the market. Zimbabweans are however still struggling to access cash from banks as most banks are doling out just ZW$300 (at most) per individual each month. People have resorted to buy cash on the streets due to the cash shortages. Giving an…
With the increased significance of the American market to Zimbabwe tourism arrivals, the Zimbabwe Tourism Authority (ZTA) is set to make a debut at the New York Times Travel Show scheduled for 24 – 26 January 2020 at the Jacob K. Javits Convention Center in New York, United States of America. Zimbabwe’s presence at this…
The Project Management Institute’s Zimbabwe Chapter will host its first event of the year in collaboration with international software giant, Oracle. Themed “The Role of Project Management in Digital Transformation”, the conference will encourage discussion around the tools and techniques which may be adopted by project managers working towards rebuilding a sustainable environment. Project management,…
SDG500 is a ground breaking USD$500 million investment platform to accelerate progress towards the SDGs SDG500 is a pioneering multimillion-dollar investment platform dedicated to helping achieve the SDGs. The investment platform will use debt and equity to bridge the financing gap between seed and growth stage for hundreds of businesses in emerging and frontier markets. The…
Fremiro Investments Private Limited, a Zimbabwean firm, which acquired a 15 percent stake in the Blanket Mine under the previous government’s indigenisation programme, has sold its stake to majority shareholder Caledonia Mining Corporation. The original MOU between the two partirs was signed in November 2018 with the price US$16.7 million. As a result of the…
Liquid Telecom is to launch the first 5G wholesale roaming service in South Africa. Available from early 2020 in all major South African cities, this latest fifth generation of mobile internet connectivity will enable wholesale operators to create innovative, ultra-fast and scalable digital services for their customers. The 5G wholesale network will also help accelerate…
By Joyce Mukucha The poverty situation in Zimbabwe has increased between the years 2017 and 2019 with urban poverty rising faster as compared to rural poverty while assistance coverage of the extreme poor has gone up, mostly humanitarian assistance. This came to fore during the Zimbabwe National Statistics Agency (ZIMSTAT) workshop on the dissemination of…
By Rebecca Smith Growing weed at home is an excellent way of keeping your supply steady. Growing marijuana also heightens your love and attachment to the plant because you get to experience and observe each growth phase of cannabis. Marijuana use continues to increase day in and day out due to its numerous medicinal and…
The Supreme Court has ruled that all debts incurred prior to the removal of the 1:1 peg on the US dollar and the RTGS dollar shall now be settled in the local currency on a one to one basis. On 20 February 2019, the Zimbabwe Government announced the removal of the 1:1 peg, allowing for…
By Anyway Yotamu and Joyce Mukucha Zimbabwe is set to host the 6th Africa Regional Forum on Sustainable Development (AFRSD), which is expected to prepare for the continent’s participation at the 2020 UN High Level Political Forum on Sustainable Development to be held in New York this year July . The forum will be held…
The UK-Africa Investment Summit, the first of its kind hosted by the UK Government, was attended by the foreign secretary, Dominic Raab, the international development secretary, Alok Sharma, and Prince Harry UK companies must leap at the chance to deepen economic ties with Africa, a continent with unmatched investment opportunities, several African leaders said at…
Mining firm Vast Resources says it jas commenced drawing down a US$15 million facility for its projects, among them a diamond project in Chiadzwa. Last year Vast Resources arranged financing which it has prioritised for the Baita Plai Polymetallic Mine in Romania and the Chiadzwa Community Concession in Zimbabwe. “The company is in the process…
By Charles Dhewa While economists have been schooled into projecting agricultural income starting from the size of the land, such an approach is now found wanting in the knowledge economy. There is no doubt that land is important but evaluating natural resources for investment purposes should go beyond hectares of land to the quality of…
Safeguard Security now offers a close protection service to ensure the safety of VIPs or groups living within Zimbabwe or visiting Zimbabwe from other countries who may be anxious about their security. It is believed to be the first security organisation in Zimbabwe to offer internationally qualified close protection personnel for this service. While Zimbabwe…
Tatenda Mqetu Zimbabwe Youth Biodiversity Network (ZYBN) is encouraging youths to appraise the Post 2020 Global Biodiversity Framework which aims to safeguard all life on earth which was developed from Youth Consultation meetings across the universe. ZYBN National Chapter Coordinator Prisca Daka stimulated members which include outreach officers, forum hosts, speakers, journalists, videographers, photographers, ambassadors…
The Creative Africa Exchange Weekend (CAX WKND), Africa’s first continental event dedicated to promoting exchange within the creative and cultural industry, kicked off in Kigali today with Prof. Benedict Oramah, President of the African Export-Import Bank (Afreximbank) announcing a $500-million envelope to support the production and trade of African cultural and creative products over the…
Zimbabwe’s smallest mobile telecommunications company, Telecel Zimbabwe says it is in the business for the long run. This comes as reports have been circulating that the telecoms firm was facing closure. “Telecel Zimbabwe (Pvt) Ltd would like to assure all its stakeholders and customers, that while the Company is facing some challenges, the Company is…
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Following a spate of violent attacks by machete wielding gangs targeting gold producing areas, stakeholders have called on authorities to stop this menace in order to restore peace and tranquility. This emerged at the multi-stakeholder conference organised by the Zimbabwe Environmental Law Association (ZELA) with support from the European Partnership for Responsible Minerals (EPRM) held…
As the world converges at the Spanish International Tourism Trade Fair, FITUR in Madrid, Spain from 22 – 26 January 2020, Zimbabwe will be among the 10 487 exhibitors from 165 countries. Zimbabwe’s exhibition comes at an opportune time when the world is becoming more conscious about travel and discovery of new destinations. This is…
The Zimbabwe Civil Society Organisations Scaling Up Nutrition Alliance (ZCSOSUNA) is calling on the government of Zimbabwe to make attainable and measurable commitments in preparation for the 2020 Japan Nutrition for Growth Summit. “As the country’s Civil Society Alliance in Scaling Up Nutrition, we applaud the government of Zimbabwe for making a commitment during the…
By Joyce Mukucha and Anyway Yotamu As the Zimbabwean Government is due to present its 6th State Party Periodic Report to the Committee on the Elimination of Discrimination Against Women (CEDAW) next month in Geneva, Switzerland, two CEDAW experts from Nepal and Ghana visited the country to share their knowledge and brief government and civil…
Despite a political rift between the United States and Zimbabwe, the former remains one of the biggest providers of bilateral support to the African country. The U.S. has extended US$3,2 billion to Zimbabwe in bilateral support since 1980, with US$370 million of that coming last year alone. Most of this support has been going towards…
