Introducing a new currency was Zimbabwe’s only viable option

Introducing a new currency was Zimbabwe’s only viable option

By Prof Mthuli Ncube Zimbabwe, the country I serve as finance minister, has been in the news for restricting the use of the US dollar and other international currencies as legal tender. Why would we want to return to our own currency, given such recent, home-made, experience of monetary turmoil? The answer can be found in our recent history. Following hyperinflation at the close of 2009, and to stem the instability produced by bad governance and fiscal ill-discipline, a mixture of other nations’ bills — the US dollar, British pound,…

Read More

SIRDC to manufacture vaccines locally

SIRDC to manufacture vaccines locally

By Staff Reporter THE Government of Zimbabwe has assigned the the Zimbabwe Scientific and Industrial Research and Development Centre (SIRDC) to produce livestock vaccines for the nation, SIRDC CEO, Roby Mafoti has said. Speaking at the Annual National Agribusiness Conference (ANAC), Mafoti said the country will have the first vaccines by the end of the year. “It is important to note that Zimbabwe already has capacity to produce and formulate some of the vaccines of national economic importance as proven at the Department of Veterinary Services (DVS).Government has taken a…

Read More

DHAT offers heartwarming interventions for disabled

DHAT offers heartwarming interventions for disabled

Feature By Tendai Sahondo SHE walks around in a barren maize field picking up dry leaves, her three toddlers follow her around, oblivious to their mother’s deteriorating mental health. Wielded in her hands is a stick to scare away friends and strangers that might interrupt her senseless routines, no one dares, her bashing escapades are well known in the dusty streets of Nyabira. She looks at us with sinister eyes, scrutinizes us for a minute then continues her leaf picking routine. Sophie (pseudonym) suffers from the twin misfortune of HIV…

Read More

Rural entrepreneurs remembered at ZAS

Rural entrepreneurs remembered at ZAS

HAND in Hand Zimbabwe, a local non-profit organisation took advantage of the just ended Zimbabwe Agricultural Show (ZAS) platform to link emerging rural entrepreneurs with both local and external markets in a bid to build socio-economically resilient communities. The organisation used the esteemed trading platform to showcase wares and products from different and diverse enterprises owned by the entrepreneurs in the seven districts it operates in (Bulilima, Chikomba, Chirumanzu, Gwanda, Lupane, Nkayi and Shurugwi). The products and wares, which are exclusively made by entrepreneurs, include baskets, jams, dried vegetables, nutritional…

Read More

SAZ to host standards week in Vic Falls

SAZ to host standards week in Vic Falls

By Tendai Sahondo THE Standards Association of Zimbabwe (SAZ) is set to host the Zimbabwe Standards Week in November, SAZ Director General (DG), Dr Eve Gadzikwa has revealed. In an interview with The Business Connect Gadzikwa said the event will be hosted in the resort town of Victoria Falls under the theme: ‘Business Resilience and Growth in a VUCA Environment’ “SAZ is excited to host the Zimbabwe Standards Week from the 20th of November. The theme highlights that standards can allow you to improve your resilience and grow your business….

Read More

Padenga divesture sails through

Padenga divesture sails through

By Tendai Sahondo SHAREHOLDERS of Padenga Holdings yesterday approved the firm’s proposed divesture into gold mining, which will see the firm acquiring a 50.1% stake in Dallaglio Investments. In line with the deal, the listed crocodilian skin producer is now expected to deliver mining equipment worth $20mln to Eureka mine in Guruve. The divesture is expected to minimise the company’s concentration risk, allowing it to spread its tentacles into an alternative hard currency generating venture. Padenga has significant client concentration risk with 79% of sales being ultimately to one luxury…

Read More