Day: November 2, 2017

ZTE eye investments in Zim’s ICT sector

Chinese based telecommunications global firm, ZTE is eyeing increased investments worth millions of dollars in Zimbabwe. A high powered ZTE delegation held talks on investments with government representatives and senior officials in the Ministry of Information Communication Technology, Postal and Courier Services. The company’s chief operating officer Mr Huang Dabi told the ZBC News after the meeting, they are looking on the possibilities of increasing investments in the ICT sectors. “We are confident of viable investments in the country and we shall continue to invest more,” he said. The visit by the ZTE delegation is an indication Zimbabwe is...

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Govt to improve tourists’ treatment

The Ministry of Home Affairs and the Ministry of Tourism, Hospitality Industry and Environment have resolved to work together to guarantee a hustle free and secure atmosphere for tourism to thrive.  Government has moved to reduce impediments to a viable tourism industry while guaranteeing security through the collaboration of these two ministries. Speaking at a stakeholders meeting convened by the two ministries in conjunction with the Office of the President and Cabinet, Home Affairs Minister Dr Obert Mpofu said such an engagement has been long overdue with mixed signals from government confusing the public and even tourists. “Yes there could be issues of improprieties but we can’t punish tourists, we need to improve our systems,” he said. Tourism, Hospitality Industry and Environment Minister Cde Edgar Mbwembwe said enablers such as the immigration department, aviation sector and the security sector will play a key role for the nation to reach the $5 billion revenue mark from the current $1 billion industry. “We’re looking at tourism enablers, issue to with roadblocks immigration if they are not looked at properly they can be a stumbling block to tourism. We are now looking at various synergies that we need to achieve,” said Cde Mbwembwe. According to a 2015/16 international visitor survey over 90 percent of tourists would want to visit Zimbabwe again, although some tourists expressed concern over harassment at roadblocks, immigration delays,...

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ZSE upward trend persists

The upward trend on the Zimbabwe Stock Exchange continues as evidenced by gains in the industrial and mining indices. The industrial index rose by 0.25 percent to close at 524.51 points while the mining index also rose by 1.70 percent to end at 140.62 points. Gainers include GBH 33.33 percent up top end at 0.80 cents, Edgars rose by 19.59 points to end at 6.96 cents, Padenga was 3.99 percent up to 82.17 cents and Simbisa rose by 1.34 percent to 68.91 points. On the losers, Ariston shed 12.50 percent to 2.10 cents, Axia dropped by 3.85 percent to...

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Youths urged to participate in economic development

Zimbabwe joined the rest of the continent in celebrating Africa Youths Day yesterday where youths were urged to be drivers of economic development in Africa. The 1st of November each year is set aside to commemorate Africa Youths Day. The 2017 celebrations themed, “Harnessing Demographic Dividend through Investment in Youth” saw the Minister of Youth Development, Indigenisation and Economic Empowerment, Cde Chiratidzo Mabuwa pledging to continue assisting with programmes that ensure youths are empowered. The purpose of the Africa Youth Day is to promote an increased recognition of youths as they are the main agents for social change and...

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Govt intensifies drive to ramp up rice production

Government has intensified the drive to ramp up rice production after engaging a local seed manufacturer and roping in a Chinese expert.  Zimbabwe has moved to stem the tide of rice imports to the tune of 400 metric tonnes per year through supporting local production which stands at a paltry one tonne per year. Minister of Agriculture, Mechanisation and Irrigation Development, Dr Joseph Made told the ZBC News progress has been made on the technical aspects of boosting rice production. “We are working with Seedco but i also invited other seed houses to also work on rice. We are...

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Mapeza gunning for gold

FC Platinum coach Norman Mapeza says he is not worried about goals and deems points as what will be the decider in crowning the 2017 castle lager premiership champions. The last four games in the castle lager premiership will be very interesting. This is the deciding moment of who will walk away with the title. Mapeza has revealed his game plan for this rubicon moment is not goals but maximum points which matter most. FC Platinum clash against ZPC Kariba at home (Mandava Stadium) this Saturday. Memories of last year’s defeat are however still fresh in striker Gift Bello’s...

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Veld fires destroy woodlost in Mat North

The Forestry Commission says 38 000 hectares of woodlots have been lost in Matabeleland North Province due to veld fires. Matabeleland North Province has this year recorded  worrying statistics of destroyed land due to veld fires with preliminary indications in August having shown that 112 000 hectares of woodlots were destroyed in these environmental fires. Thousands of dollars in potential revenue have also been lost. The challenge of veld fires has become a perennial problem in the country, with vast tracts of land and property being lost in these environmental disasters. National statistics put the figures at 1.2 million...

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Calls to assist mentally challenged inmates

The mental health review tribunal has been criticised for failing to sit and review conditions of mental inmates at Chikurubi Maximum Prison. This follows revelations by the Zimbabwe Prisons and Correctional Services that the body has not set for the past three years owing to non availability of sitting allowances. The Administrative Just Act provides that statutory bodies must discharge their duties impartially and within a reasonable time. Renowned lawyer Advocate Canaan Dube of Dube Manikai and Hwacha believes the failure by the mental health review tribunal is in violation of the constitution and an infringement on the fundamental...

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Govt moves in to address unwarranted price hikes

Government says it has begun implementation of recommendations of the inter-ministerial committee on pricing following the approval of measures by cabinet and has prioritised engagement with producers in order to address the unwarranted price hikes. The Ministry of Industry and Commerce which was mandated to chair the inter-ministerial committee tasked to look into the pricing issues and availability of goods said a cocktail of measures proposed by the committee have been adopted by cabinet. Industry and Commerce Minister, Dr Mike Bimha said part of the measures being implemented to address the price hikes include strengthening engagement with the local...

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Marketers urged to support investment attraction drive

Government has urged the Marketers Association of Zimbabwe (MAZ) to come up with a think tank to assist in the development of marketing strategies aimed at attracting foreign direct investment into the country. Zimbabwe which is targeting foreign direct investment of above $2 billion per annum has prioritised the implementation of the national branding concept as part of efforts to manage perceptions about the domestic market. Industry and Commerce Minister Dr Mike Bimha challenged MAZ to complement government efforts in unlocking capital inflows by coming up with sound marketing strategies. MAZ president Mr Agrippa Mugwagwa said the association is...

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