Category: Business

Political leaders urged to prioritise welfare of citizens

Visiting Kenyan lawyer and staunch pan-Africanist Professor Patrick Loch Otieno Lumumba has urged political leaders to prioritise the welfare of their citizens through good governance. Professor Lumumba said this when he gave a inspirational speech during the Economic Renaissance Summit held in Harare today. Professor Lumumba, who was the guest speaker at the summit was very candid about the need for African leaders not to be self serving but to prioritise the lives of those they lead. He reflected on how African countries need to utilise their natural resources wisely for their economic emancipation. “The continent remains in the...

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Diamond Policy imminent

The much awaited Diamond Policy is now imminent with revelations that all is set to introduce the legislative framework that will replace the 51-49 percent shareholding requirement that regulates the two minerals. Pronouncement of the crucial policy document for the lucrative sector was expected as early as June, later shifted to August, remains a much anticipated legislative campus both for the domestic and foreign investor. In March this year, government gazetted a raft of reforms for the mining industry that scaled back mine ownership under the Indigenisation and Economic Empowerment Act but mitted diamonds and platinum. President Emmerson Mnangagwa...

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Inclusion of women in financial field key: IMF

A recent study by the International Monetary Fund (IMF) has said the inclusion of women in the banking and financial field can contribute remarkably in enhancing economic growth and foster financial stability. In a research paper titled ‘Women in Finance: An Economic Case for Gender Equality’ released this week, the IMF has revealed that elevation of women into powerful positions is likely to increase production and efficiency in finance and governance issues. The study posits, women are more likely to be better risk managers than men stating that the discriminatory hiring practices usually produce women who are better qualified and more...

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LIVE BLOG: Economic Renaissance Summit

0847: The Honourable Minister of Justice, Legal and Parliamentary Affairs Cde Ziyambi Ziyambi will open the summit and deliver a keynote address. 0846: The guest speaker is Professor Patrick Lumumba from Kenya who will make a presentation on “Reengineering the Economy Through 360 Degrees Radical Transformation and Dealing with the Corruption Scourge”. 0845: The summit brings together top executives from the private and public sectors to discuss corporate governance issues, how critical they are to economic development and economic revival. Renaissance. (a) The humanistic revival of classical art, architecture, literature, and learning that originated in Italy in the 14th...

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Diamond auction rakes in $28m

Zimbabwe’s second diamond auction for 2018 has raked in $28 million realised from 423 066 carats. The second successfully concluded auction in the country since March 2017 marks a huge stride for the nation to regain market confidence and claim a stake in the global diamond trading industry. According to the latest figures presented by the Minister of Mines and Mining Development, Cde Winston Chitando for the sales tender number 3 conducted from August 28 to the 12th of September 2018, 423 066 carats were put on sale to local and international buyers drawn from the United Arab Emirates,...

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