Women are “the new emerging market” and are poised to drive the post-recession world economy, as most new income growth in the post-recession world will come from women who represent an estimated $5 trillion in new female earning power in the coming years. Women are now said to control $12 trillion of the overall…
The State of Libya has officially acceded to the African Export-Import Bank (Afreximbank) Establishment Agreement (www.Afreximbank.com), becoming the 53rd nation to become a member / participating state and marking an important step towards full continental coverage and advancement of the continental integration agenda through trade and investments. The accession document, signed by His Excellency Dr….
The United Nations Development Programme (UNDP) Zimbabwe, in collaboration with the Zimbabwe Revenue Authority (ZIMRA) and the Competition and Tariff Commission (CTC), convened a pivotal training titled “Promoting Prosperity Pathways for Women and Youth-led MSMEs within the AfCFTA: Role of Customs Officials in Trade Facilitation” for Border Officials based at Forbes border post between Zimbabwe…
The International Labour Organization (ILO) is demonstrating that safe marketplaces are essential for Zimbabwe’s development, and collaborative efforts from stakeholders can ensure their maintenance and improvement. Maria Mutandwa, the ILO Zimbabwe Communication Officer, while addressing media practitioners touring the Chesvingo Safe Market in Masvingo town today, said partners added features of a children’s play…
Writes Elvis Dumba in Birmingham, London The government is continuing to lure international investors into the country, a development leading to economic growth through foreign investment and increased international trade opportunities as witnessed at a recently held Trade Expo in the UK. The commitment towards international trade has been proven after President Mnangagwa’s administration dispatched…
In an ongoing effort to fulfill the objective of developing a harmonized securities market environment within the Southern African Development Community (SADC), the Committee of SADC Stock Exchanges (CoSSE) has taken a significant step by validating the principles and operational model of the Interconnectivity Hub Project at a meeting held by members on 11 September…
A workshop to develop a robust and targeted communications strategy for the African Union (AU) Sanitary and Phytosanitary (SPS) Programme in Africa is underway in Lusaka, Zambia with a view of outlining clear guidelines and approaches for communicating key messages, advocacy, and awareness creation among key audiences. In welcome remarks read by Chiluba Mwape,…
As the 2024/25 summer cropping season draws near, anticipation and activity in Zimbabwe’s cotton sector are reaching a fever pitch. Speaking to the media on Monday, the Cotton Company of Zimbabwe (Cottco) Chief Executive Officer, Rockie Mutenha, said that the company was leading the charge, embarking on a comprehensive farmer registration and assessment campaign,…
Socially accountable management and use of available resources are critical to meeting the Southern African Development Community (SADC)’s Regional Indicative Strategic Development Plan 2020-2030 (RISDP), a Non-state Actors (NSA) dialogue in Harare has heard. This came to the fore today at the dialogue running in Harare from 14 to 15 August 2024 that is…
A press conference was held on Thursday, August 1st, 2024, at the Eilly International Hotel in Addis Ababa to officially announce the outcome of the G25 Kampala Declaration. This declaration, unanimously adopted by the AU Heads of State, “includes coffee as a strategic commodity in the AU Agenda 2063 and the inclusion of the Inter-African…
The African Continental Free Trade Area (AfCFTA) represents a transformative opportunity for the continent, particularly in the agricultural sector. The Consortium of African Youth in Agriculture and Climate Change (CAYACC), and with the support of its esteemed partners—AUC, AUDA-NEPAD, AGRA, USAID POLICY LINK, FAO, WFP, GRZ, and GIZ— are keenly aware of the potential that…
Public and private sector entities across Southern Africa’s mining sector are intensifying cooperation to enhance the critical mineral value chain for economic growth. In July 2024, Mozambique, Zimbabwe, and Botswana signed an agreement (http://apo-opa.co/3LIS6Z6) to upgrade an existing railway line linking the three countries and to build a new line and a deep-water port in…
The leading industry event, the Organic and Natural Products Expo Africa, proudly sponsored by Standard Bank, is returning to Johannesburg for its fourth edition at the Sandton Convention Centre from 12 to 14 September 2024. As Africa’s only dedicated event for the organic and natural products industry, this expo is the ultimate platform for traders…
Writes Engineer Jacob Kudzayi Mutisi Zimbabwe, a country grappling with economic challenges, has recently made headlines with a policy decision that has sparked both debate and controversy. The government has partially lifted the ban on importing vehicles older than 10 years, granting this privilege exclusively to civil servants, returning residents, and diplomats. While the intention…
Writes Elvis Dumba Kariba – The construction of Makuti Dry Port in the border town of Chirundu is set to serve as an important trade link along the North-South Corridor. This was revealed by Mashonaland West Minister of State for Provincial Affairs and Devolution, Hon Marian Chombo during the Shipping and Forwarding Agents Association of…
Micro, Small, and Medium Enterprises (MSMEs) are useful tools for poverty eradication due to their contributions to job creation, economic growth, and empowerment of vulnerable populations. These were the sentiments of His Excellency Mr. Edward Kallon, the UN Resident and Humanitarian Coordinator in his remarks today at Chimhoyi University of Technology at the Commemoration of…
The Government of Zimbabwe, in collaboration with the Government of Ghana and in coordination with the International Organization for Migration (IOM), has successfully concluded a visit to Ghana to enhance the capacity of key officials working on diaspora engagement. This initiative was realised within the framework of the projects on “Southern African Migration Management (SAMM)” and “Streamlining…
The Common Market for Eastern and Southern Africa (COMESA), in collaboration with the Government of Madagascar, proudly hosted the 5th COMESA Federation of Women in Business (COMFWB) Trade Fair & Business Conference in Antananarivo on June 28th and 29th, 2024. Themed “Enhancing Participation of Women Entrepreneurs in the COMESA Regional Markets under the African Continental…
Members of the Pan-African Parliament have underscored the critical need for political and social stability to achieve the dream of a highly integrated and economically prosperous Africa. The Parliament has reiterated its commitment to facilitate the effective implementation of African Union (AU) policies, to promote intra-African trade, and to advocate for the ratification and domestication of the…
Yesterday, the African Export-Import Bank (Afreximbank or “the Bank”) (www.Afreximbank.com) signed a Memorandum of Understanding (MoU) with the World Trade Organization (WTO) to amplify the impact of their strategically aligned joint efforts of promoting global trade leveraging Africa’s unique resource endowment. The MoU will allow the two organizations to pursue a collaborative framework for harmonizing…
The United Nations Development Programme (UNDP) in collaboration with the Ministry of Local Government and Public Works (MoLGPW) is set to conduct a series of training workshops aimed at strengthening the capabilities of local authorities to engage effectively with the African Continental Free Trade Area (AfCFTA). These workshops will be held in Bulawayo and Mutare….
Africa Finance Corporation (AFC) (www.AfricaFC.org), the continent’s leading infrastructure solutions provider, has signed a joint declaration with the United Nations Industrial Development Organization (UNIDO) to enhance sustainable industrialisation and committed to support the ‘Partenariat pour le coton’ initiative, which seeks to enhance Africa’s role within the global textile and apparel value chains. Aligned with the…
The International Africa Development Forum (FIAD), now in its seventh iteration, has become a valued platform for African perspectives, facilitating open discussions about the continent’s challenges and opportunities. These were part of the remarks by H.E Wamkele Mene, the Secretary-General of the African Continental Free Trade Area (AfCFTA) at the opening ceremony of the 2024…
Writes Baboloki Semele At the recently concluded Afreximbank Annual Meetings, African Export-Import Bank (Afreximbank) signed two significant deals with Zimbabwe’s largest bank, CBZ Bank Limited. These agreements include a US$60 million line of credit and a US$20 million Afreximbank Trade Facilitation Programme (AFTRAF) facility, totalling US$80 million. The US$60 million line of credit is designed…
The African Continental Free Trade Area (AfCFTA) Secretariat, in partnership with the Mastercard Foundation and TradeMark Africa, has announced a four-year fisheries program to be implemented across seven countries to enable over 240,000 work opportunities and boost trade in fish and fish products by about $100 million by 2028. The “Women and Youth Economic Empowerment…
Arab Africa Trade Bridges Program (AATB) General Secretariat Announces Cote d’Ivoire as New Member of AATB Program The Arab Africa Trade Bridges Program (AATB) General Secretariat is pleased to announce the Republic of Cote d’Ivoire as a new member of the program. This strategic addition marks a significant step towards enhancing trade, economic cooperation, and…
Following an upsurge in unfair trade practices in the market, Dr. Douglas Runyowa, the Chief Director for Commerce and Consumer Affairs in the Ministry of Industry and Commerce shared perspectives on protecting consumers. Below are some of the questions posed to Dr. Runyowa and his reactions: 1.0 How does the Ministry’s Mandate augur well with…
The Southern African Development Community (SADC) held an Inter-Ministerial Task Force Meeting of Ministers of Trade, Transport, Infrastructure and Security Portfolios from the Democratic Republic of Congo (DRC) and from the Republic of Zambia on the Resolution of the Perennial Challenges Affecting the Kasumbalesa and other Border Posts on 09 May 2024 in Kinshasa, DRC….
OWN CORRESPONDENT Bulawayo, Zimbabwe — Earlier today, in a media briefing, the Minister of Industry and Commerce, Honourable Nqobizitha Mangaliso Ndhlovu, provided a comprehensive review of the accomplishments and future directions following the 64th edition of the Zimbabwe International Trade Fair (ZITF). The event, which was a resounding success, exemplified this year’s theme, “Innovation: The…
In his keynote address while officially opening the 64th edition of the Zimbabwe International Trade Fair (ZITF) in Bulawayo today, the President of Kenya, HE William Ruto, urged Zimbabweans to harness its abundant natural resources for economic growth and development. “Zimbabwe is an example of an African scenario with a high literacy rate and abundant…
Cimas Health Group Chief Executive Officer, Vulindlela Lester Ndlovu, has said the success of the government’s National Development Strategy 1 (NDS1) blueprint falls squarely on the private sector working together with the government. Mr Ndlovu made the remarks on Wednesday addressing guests at the International Business Conference 2024 which is part of the weeklong Zimbabwe…
The Connect Africa Symposium, set against the backdrop of the Zimbabwe International Trade Fair (ZITF), was officially launched this morning in session under the theme “Harnessing Innovation for Africa’s Prosperity”. Hon. K.C.D Mohadi, the Vice President of Zimbabwe, inaugurated the event, sparking discussions focused on advancing Africa’s industrial and commercial sectors. During his morning address…
The European Union (EU) returns to the Zimbabwe International Trade Fair (ZITF) for a second consecutive year, with a significantly expanded presence. After last year’s successful exhibition, where the EU received the top Foreign Exhibitors award, the EU’s commitment to deepening economic ties with Zimbabwe is clear. This year, the EU stand, larger than last…
The Permanent Secretary in the Ministry of Industry and Commerce, Dr. Thomas Utete-Wushe has emphasized the importance of leveraging technology to enhance market access and international visibility. In anticipation of the upcoming Zimbabwe International Trade Fair (ZITF), a prime focus has been placed on the innovative utilization of technology as a catalyst for extending the…
In recent years, the Zimbabwe International Trade Fair (ZITF) has transformed into more than just an event; it is a pivotal platform for economic rejuvenation and industrial advancement. Catalyzing showcasing trade opportunities, attracting investments, and fostering innovation, the ZITF propels the country towards its ambitious Vision 2030 goals. As preparations for the 2024 edition of…
Writes Charles Dhewa Who really benefits from expos such as agricultural shows, trade fairs, food festivals, cooking competitions, and several other bandwagons? How do those who benefit do so? Without clear methods for evaluating these events, it is difficult to get correct answers to such questions. There is a strong feeling among many people that…
Writes Hopewell Chibvongodze Harare, March 21, 2024 – Zimbabwe seeks to improve internet connectivity by doubling penetration from the current 70 percent to make e-commerce thrive, Information Communication Technology, Postal and Courier Services Minister, Tatenda Mavetera has said. Mavetera made the remarks on Wednesday in Harare during the Zimbabwe e-trade preparedness assessment national multi-stakeholder consultations…
The 5th Edition of the Organization Leadership and Development Network (OLDN) International Organization Development and Change and Doctoral Consortium will be held in Gaborone, Botswana on August 29-30, 2024. This follows the successful 4th Edition that was held in Harare, Zimbabwe last year. “OLDN conferences are a convening of national, regional, and international practitioners and…
Vessels of Virtue (VOV) yesterday successfully held a conference on the Empowerment and Elevation of Women Entrepreneurs, Trade, and Innovation at the Celebration International Church in Borrowdale, Harare. In her keynote address while officially opening the conference, the Minister of Women Affairs, Community, Small and Medium Enterprises Development, Hon. Monica Mutsvangwa said the conference was…
The government has been urged to take into consideration the views of Micro, Small, and Medium Enterprises (MSMEs) regards the recently introduced 2024 Revenue Measures announced by the Ministry of Finance, Economic Development and Investment Promotion. This came to the fore at a workshop in Harare that was presided over by Dr. Mavis Sibanda, the…
Citizens intending to work and study abroad have been urged to make use of Shirah and Studently, platforms that offer pathways to Canada, a country that has opened its doors to 500,000 migrants across the globe. This was revealed by Bukky Wonda, Founder and CEO of Studendry, and Shirah who is also a Canadian Immigration…
The 80th Session of the Executive Committee and the 45th Conference of Presidents of National Parliamentary Assemblies of African the Parliamentary Union (APU) take place from the 11th to the 15th of December 2023, in Abidjan (Côte d’Ivoire) is focusing on combating insecurity and terrorism, factors of political instability and recession, and the development of…
The Common Market for Eastern and Southern Africa (COMESA) is seeking a downward review of mobile phone network roaming and interconnection charges in efforts to deepen regional integration, trade and growth of the ICT sector. To this effect, the COMESA Secretariat and the European Union (EU) have signed a Grant contribution agreement worth 8 million Euros for the Enhancement of…
Production prospects across most basic foodstuffs are favourable, but extreme weather events, rising geopolitical tensions, and sudden policy changes pose risks for global food production systems and could potentially tip delicate demand-supply balances and dampen prospects for trade and global food security, according to a new report from the Food and Agriculture Organization of the United…
A delegation of the Pan-African Parliament is taking part in a Conference on Bolstering Free Movement and Trade Nexus in AfCFTA under the theme: “Optimizing Benefits of Migration, Labour Migration for Development.” The conference is organised by the Pan-African Forum on Migration (PAFoM) to harness, harmonize, harvest knowledge and practice, and stimulate transformative dialogue on…
