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By Kizito Sikuka The level of financial losses that Africa continues to lose from illegal activities and dealings in the mining sector is undermining sustainable development in the continent. “Our resources are being unjustly taken away from us to develop and improve other economies outside Africa,” TrustAfrica Programmes Director, Briggs Bomba said at the…
By Byron Mutingwende and Anyway Yotamu The Harare Wetlands Trust (HWT) has called on government to set aside funds to ensure the provision of clean, safe water for the capital city through the preservation of healthy wetlands. The call comes after finance and economic development minister, Mthuli Ncube delivered his 2020 budget statement on Thursday…
Egypt’s decision to establish an export risk guarantee company will give a major boost to the country’s role as a critical hub for intra-African trade and allow it to be a key driver in the implementation of the African Continental Free Trade Area agreement, Prof. Benedict Oramah, President of the African Export-Import Bank (Afreximbank), said today…
By Kizito Sikuka Africa must be vigilant in its negotiations with foreign investors to ensure that all mining deals are beneficial to the continent. At the same time, there is need to create a conducive environment to attract investment to Africa. This was said by Natty Davies, a former chairperson of the National Investment Commission…
One in three companies in French-speaking Africa struggles financially and faces difficulties growing as a result, according to a new report by the International Trade Centre (ITC). Training and information that help these businesses access finance is the most effective way to support their growth, it says. The report, Promoting SME competitiveness in francophone Africa: Improving…
By Kizito Sikuka African countries have begun the process of assessing whether its vast mineral resources are benefiting its citizens or outsiders. The assessment follows a realisation that despite the huge amount of mineral resources that is in abundance across the continent, African countries remain among the poorest in the world. In fact, the majority…
This year’s finalist group and of course, the winners, have built businesses across all sectors offering innovation and exceptional acumen and leadership Southern Africa’s top three entrepreneurs were named at the 22nd Annual EY (https://www.EY.com) World Entrepreneur Awards gala dinner in Johannesburg on Wednesday 13 November 2019. CEO’s, Founders, and leading entrepreneurs attended the Southern Africa…
Cassava Smartech today launched the EcoFarmer Diaspora Agriculture Finance Plan (DAFP) that is set to allow Zimbabweans living in the Diaspora to remit funds which directly go towards the purchase of farming inputs for their families in Zimbabwe. Cassava Smartech, which already has over 2 000 tractors on the Vaya Tractor platform and has to…
All is set for Zimbabwe’s participation at the China International Travel Mart (CITM) to be held in Kunming, China from 15 to 17 November 2019 at the Kunming Dianchi International Convention and Exhibition Centre. The core objective of Zimbabwe’s participation at the expo is to increase destination awareness and visibility of Brand Zimbabwe in China…
By Joyce Mukucha The United States government has provided more than $422 000, a $50 000 increase from last year through its small grants funding to community-based organisations in seven Zimbabwean provinces to support initiatives that promote economic and social development in the country. The U.S. Embassy’s small grants program has been extended to sixteen…
Sasai, the new all-in-one App from Cassava Fintech International (CFI), is exhibiting at AfricaTech, the fintech and digital expo that runs concurrently with AfricaCom, the continent’s largest telco and tech conference held in Cape Town, South Africa, every year. The conference, which brings together hundreds of telco, fintech and digital technology players, financial services…
By Byron Mutingwende Agricultural transformation plays an important role in eradicating poverty and hunger, fighting inequality and discrimination as well as tackling climate change to promote peaceful and inclusive societies to achieve sustainable development. The Deputy Minister of Lands, Agriculture, Water and Rural Resettlement, Mr. Vangelis Haritatos revealed this at the National Dialogue…
Shem Zemura is an award winning filmmaker who was born and raised in the Uzumba Maramba Pfungwe district of Mahonaland East, who ‘fell in love’ with the arts while in primary school. At Machekera Primary School he performed in plays and was a member of the traditional dance team. While in high school at Albert, a…
The European Investment Bank (EIB) expects the gender-lending initiative to allow women to play a more active role in economies The European Investment Bank (EIB) has announced a $1.1 billion lending programme to help women entrepreneurs on the continent. EIB Vice President, Ambroise Fayolle, also revealed that the bank has signed three further agreements to…
The African-Export Import Bank (Afreximbank) and South Africa-based Thelo DB Proprietary Limited today in Johannesburg, South Africa, signed a memorandum of understanding (MoU) to develop, finance and operate railway projects in Africa. Under the terms of the MoU, signed on the sidelines of the ongoing Africa Investment Forum, Afreximbank and Thelo DB will collaborate to…
EcoCash today announced a major upgrade of its platform scheduled for the weekend, which will result in a 24-hour downtime of all EcoCash services. Announcing the upgrade – which is set to take place between 9pm on Saturday (November 16) and 9pm on Sunday (November 17) 2019 – the company said the upgrade is…
$500 million equity closed for the Africa Infrastructure Investment Fund to speed up investments in agriculture; Financial close for the Africa Guarantee Fund $175 Equity transaction to support Small and Medium Size Enterprises, and $350 million for South Africa’s beef agro-processing project. The 2019 Africa Investment Forum opened on Monday living up to its promise…
The program will empower girls in Science, Technology, Engineering, and Mathematics (STEM) education Merck Foundation (Merck-Foundation.com) launches “Educating Linda” program in partnership with the First Lady of Malawi and Ministry of Education of Malawi; he program will empower girls in STEM education. Merck Foundation, the philanthropic arm of Merck KGaA Germany in partnership with The First Lady of…
Zimbabwe Tourism Authority Acting Chief Executive, Mr Givemore Chidzidzi, says the country remains an attractive destination, which the travel world cannot do without. Speaking at the recently concluded World Travel Market in London, Chidzidzi said the interest on Zimbabwe was very high from across the globe when they package Africa in general and southern Africa…
By Anyway Yotamu in Chiredzi President Mnangagwa on Saturday commissioned a US$40 million sugarcane project which is expected to create more than 2 000 jobs in the country. In a joint venture between Government, Tongaat Huletts, and a consortium of local banks, the Project Kilimanjaro will see 4 000 hectares of virgin land being turned…
By Charles Dhewa Academics like economists rely on authors and literature based on research conducted within a given time frame. Such literature has no room for adjustments as new events and knowledge emerge. For instance, Keynesians economics was based on theories of John Maynard Keynes whose research revolved around the laws of supply and demand,…
Around 2000 delegates are expected to attend the innovative investment marketplace The Africa Investment Forum will be short on talk and heavy on deals, the South African Government, the African Development Bank (www.AfDB.org) and key partners affirmed at a press conference ahead of the 2019 edition of the event. Organized by the African Development Bank…
The drive for Africa’s industrialisation received a major boost on Friday with the signing of the development agreement for Industrial Park PK 24 in Abidjan by the government of Cote d’Ivoire and the African Export-Import Bank (Afreximbank). Afreximbank President Prof. Benedict Oramah signed the agreement on behalf of the institution while Souleymane Diarrassouba, Minister of Trade and…
The strategy is for the U.S. government to work with U.S. companies that want to do business in Africa and to work with countries in Africa that want to do business with U.S. companies Two years ago, U.S. Secretary of Energy Rick Perry attended Africa Oil Week (www.Africa-OilWeek.com) to promote his country’s policies for energy…
The Medical Air Rescue Service (MARS) has unveiled a new fleet of 14 ambulances at an event in Harare, where the emergency medical services company, part of Cassava HealthTech, also announced a new toll-free emergency number. At the stakeholder engagement event that brought together medical aid and insurance organizations and other medical healthcare players, MARS…
The African Export-Import Bank (Afreximbank) has urged the use of open account terms for trade in Africa in order to facilitate the realization of the intra-African trade aspirations of the African Continental Free Trade Area (AfCFTA) and to enhance competitiveness. Kanayo Awani, Managing Director of the Intra-African Trade Initiative at Afreximbank, told guests yesterday during…
By Joyce Mukucha A light of hope has shined on Mother of Peace Children’s Home in Mutoko as one of the state owned mobile telephony network providers, NetOne, in partnership with the Charles Manyuchi Boxing Academy donated groceries. The donation which is in line with NetOne’s key pillars of assisting communities has been described as…
By Lonias Majoni A Chitungwiza Councillor, Kiven Mutimbanyoka of Ward 13 began the month in the lamentations chamber; singing a solo somber hymn after being chastised for attending a 1st of November meeting underdressed. The Councillor who is believed to have appeared for the meeting clad in a gold shirt and cargo shorts; brought the…
By Edward M. Kuyipa Hospitality is simply an opportunity to show love and care, and Brightcastle Apartments is an epitome of this adage. Harare has nothing more fairly to show in terms of hospitality, homely comfort and sheer ambience. Although situated opposite the Holiday Inn Hotel, along Samora Machel Avenue, in Harare, the Apartments refuse…
Old Mutual has confirmed the appointment of Samuel (Sam) Matsekete as the Group CEO-designate of Old Mutual Zimbabwe Limited (OMZIL). Sam will commence service on 1 January 2020 following the retirement of the current Group CEO, Jonas Mushosho at the end of 2019. He joins Old Mutual from First Capital Bank, where, in his current…
By Byron Mutingwende While there are certain household names when it comes to wealth in Zimbabwe, one surprising entry, the famous Sekuru Banda has turned the tables and occupied the uppermost position as the richest but humblest man in the country if not on the continent. The recently established Trumpet, which works in…
By Byron Mutingwende The conference in Zimbabwe on intellectual property (IP), innovation and value addition for business competitiveness and sustainable development is set to put Africa on course to compete globally in terms of innovation. Officially opening the conference in Harare running from 6 to 8 November 2019 yesterday, Hon Ziyambi Ziyambi, Zimbabwe’s…
By Joyce Mukucha As Zimbabwe prepares to host the 2020 African Development Forum on Sustainable Development Goals (SDGs), Government together with various partners are in the process of reviewing the drafting of SDG progress report inception to ensure that all significant data is captured in order to come up with a factual report. The process…
President Emmerson Mnangagwa will this Saturday officially launch the US$40 million Kilimanjaro sugar cane project in Chiredzi that will see Tongaat Hulett Zimbabwe opening over 3 000 hectares of land into cane fields. The project has already started and is expected to be completed by mid 2020. The fields will be handed over to Government…
Zimnat, a leading player in the insurance and wealth management industry for more than seven decades, won eight awards for marketing excellence at the 2019 Marketers’ Association of Zimbabwe Exceptional Marketing Awards ceremony in Bulawayo. The awards ceremony is held annually in recognition and celebration of excellence for organisations and individuals who have pushed…
Poverty and gender inequality are limiting the impact of sustainable energy on rural women, new research by energy experts Ashden has confirmed. These challenges could prevent Kenya hitting its goal of universal energy access by 2022, warned Ashden CEO Harriet Lamb. She said the clean energy transition must take place in a way that improves…
AviaDev, a development forum for aviation Chief Executive Officer and founder Jon Howell, says Zimbabwe is uniquely positioned as an aviation opportunity connecting with some of the big airlines on the continent. Speaking on the sidelines of WTM in London this week, Howell said Zimbabwe was poised to become one stop to the rest of…
By Nevson Mpofu Zimbabwean women are geared for a summit slated for Dubai next year in March 2020. The unique, great and well-orchestrated summit will attract thousands of women from around the globe. The focus of the meeting is on entrepreneurial skills development. In an interview earlier on this week in Harare, Dr Reverend Abigail…
The Government of Senegal yesterday received symbolic cheques of US$23.1 (equivalent of FCFA 13.9 Billion) from the leadership of African Risk Capacity Insurance Limited. The cheques, given in two parts of US$12.5million (FCFA7,494,937,500) and US$10.6million (FCFA6,355,707,009) to the Government and StartNetwork assist in providing early action to support the people affected by drought during the…
Content is king on social media – and Zimbabwe Tourism Authority is at the World Travel Market in London to deepen its knowledge on why it reigns supreme and hopefully reveal the secrets to success. Across the three days of WTM London – the event themed where ideas arrive – there will be 17 inspiring…
By Joyce Mukucha and Anyway Yotamu The Harare Institute of Technology (HIT) has ventured into a partnership with the Zimbabwe’s state-owned mobile telecommunications firm, NetOne in order to promote game changing innovations through research and development. The partnership will stimulate skills and knowledge transfer, access to facilities, expertise and idea incubation and support for both…
The Southern African Development Community (SADC) is seeking to increase efficiency of regional traffic in an effort to address the slow and expensive exchange of African inter-country traffic via overseas hubs. This emerged at the SADC Capacity Building Workshop on Regional Internet Exchange Points (RIXPs) / National Internet Exchange Points (NIXPs) Connectivity and Monitoring and…
Zimbabwe will host a magnificent Conference on Intellectual Property (IP), Innovation and Value Addition for Business Competitiveness and Sustainable Development in Africa for the first time. This was revealed by the Permanent Secretary for the Ministry of Justice, Legal and Parliamentary Affairs, Mrs Virginia Mabiza at a press conference held in Harare today. The conference…
Launch of Africa Women Innovation and Entrepreneurship Forum (AWIEF) Insights publication to celebrate woman leaders and entrepreneurs across Africa To mark the 5th anniversary of its high-profile annual conference, the Africa Women Innovation and Entrepreneurship Forum (AWIEF) (http://www.AWIEForum.org), has launched a prestigious publication, AWIEF Insights, celebrating and acknowledging the contribution made by women leaders, businesswomen and entrepreneurs…
The Minister of Information, Publicity and Broadcasting Services, Monica Mutsvangwa has said her ministry shall strive to ensure that journalists are safe to peruse their profession within Zimbabwe since the country has laws that guarantee their safety. This was revealed in a speech read on her behalf, on the occasion of the International Day to…
