Thursday 27 July 2017
(Reuters (Eng) 04/15/13)
South Africa has approved $100 million in budgetary support to cash-strapped Zimbabwe, helping plug a gap in its finances ahead of elections expected in the second half of the year, Finance Minister Tendai Biti said on Monday. Zimbabwe's economy has been on the mend since President Robert Mugabe and Prime Minister Morgan Tsvangirai agreed to share power after disputed 2008 elections but is still suffering a hangover from a decade-long recession widely blamed on Mugabe. Last year, Biti said Harare had approached regional economic giant South Africa and oil-rich Angola for $150 million amid a lack of aid from Western donors who have imposed sanctions on Mugabe and his inner circle over charges of human rights abuses. "Pursuant to discussions...
(Reuters (Eng) 04/10/13)
Carlyle Group (CG.O) is looking at a number of banks in east and west Africa for a potential investment, its Africa co-head said on Wednesday, as the U.S. private equity firm focuses on the continent's growing consumer market. Carlyle, which last year invested in a pan-African grain trading firm, has recently signed a second deal, Marlon Chigwende also told the Reuters Africa Investment Summit. "Banking is very interesting today, and that is the general statement across a lot of sub-Saharan Africa," Chigwende told the Reuters Africa Investment Summit in Johannesburg. "Certainly, there are several opportunities of fast-growing banks, good management teams, interesting market positioning." Although private equity is still at a nascent stage in Africa, investor interest in the fast-growing...
( 04/10/13)
The Africa Development Bank (AfDB) has launched a a multi-country and multi-partner project which seeks to increase food security and improve the income and living standards of small-holder farmers in the 20 African countries by improving the value chains of four important staple crops – maize, wheat, cassava and rice. The project targets to demonstrate by 2016, that it is possible to increase the yields of cassava, maize, rice and wheat by at least 20% on smallholders’ farms, increase the smallholder’s household cash income to $600 from the current $370 and increase food security by at least 20% to 84% from the present 73%. According to media statement from the implementing agency, International Institute of Tropical Agriculture (IITA), key stakeholders...
( 04/10/13)
Zimbabwe is on track for another flawed election this year unless it can refresh outdated voter lists, approve “an army” of outsider observers and find foreign donors willing to pay for the vote, Finance Minister Tendai Biti said on Monday. However, postponing the poll to maintain a stop-gap unity government between President Robert Mugabe and Prime Minister Morgan Tsvangirai is not an option, with the fractious coalition well past its sell-by date, Biti told a Reuters Africa Summit. “I don’t think we are in a position today, right now, of having legitimate, credible, sustainable elections,” Biti, a leading member of Tsvangirai’s Movement for Democratic Change, said. “At the rate we are going, it is obvious that we are going to...
(Voice of America 04/10/13)
HARARE — In Zimbabwe, the Swiss government has given $6 million to the U.N. Children's Fund to improve the country’s water and sanitation. The African country still has significant numbers of people sharing water sources with animals, and an even greater number who do not have access to a working bathroom. In Zimbabwe’s capital, luxury cars of all models are seen in the streets. But just outside the capital, there is poverty. It gets worse in the rural areas where some people go their entire life without a decent water supply and have to mostly defecate in the open. Zimbabwe water minister Samuel Sipepa Nkomo sums up the situation in his country. “Rural water supply and sanitation challenges are well...
(Nehanda radio 03/28/13)
Iran’s ostracized leader Mahmoud Ahmadinejad has upped the ante in relations with Zimbabwe with reports that Tehran is involved in a massive cyber training exercise of hundreds of Zimbabwe’s intelligence and military operatives Nehanda Radio has gathered. The move ahead of presidential and parliamentary elections expected in less than three months, has sparked fears of a crackdown against Zanu PF opponents. The two nations it would seem are now consolidating their anti-western world foreign policy, amid remarks by Iran’s defence minister, Brigadier General Ahmad Vahidi while meeting his counterpart defence minister, Emmerson Mnangagwa last April in Tehran that the Islamic republic: “Will help strengthen their military so that they are able to protect their land and culture, especially so they...
(Reuters (Eng) 03/27/13)
Four aides of Zimbabwe's Prime Minister Morgan Tsvangirai were freed on bail on Wednesday, more than a week after their arrest drew criticism of President Robert Mugabe's security forces in an election year. The four, along with prominent human rights lawyer Beatrice Mtetwa, had been arrested for breaching official secrets law. Critics accuse Mugabe of using state security to intimidate and crack down on opponents. The 89-year-old leader, who has ruled the southern African nation since independence from Britain in 1980, denies the allegations. The detentions came a day after Zimbabweans overwhelmingly voted for a new constitution that seeks to curb the presidency and expand civil liberties. "I am of the firm view that granting bail with strict conditions will...
(Reuters (Eng) 03/26/13)
"BRICS, Don't Carve Africa" reads a banner in a church hall in downtown Durban where civil society activists have gathered to cast a critical eye at a summit of five global emerging powers. The slogan evokes the 19th Century conference in Berlin where the predominant European colonial states carved up the African continent in a scramble historians see as epitomizing the brash exploitative capitalism of the time. Decades after Africans threw off the colonial yoke, it is the turn of the blossoming BRICS group of Brazil, Russia, China, India and South Africa to find their motives coming under scrutiny as they proclaim an altruistic-sounding "partnership for development, integration and industrialization" with Africa. Led by that giant of the emerging powers,...
(Global post 03/26/13)
The European Union lifted an asset freeze and a visa ban against most Zimbabwean firms and people on its sanctions list but left restrictions against President Robert Mugabe and a handful of others intact. Zimbabwe's state-run diamond mining company, the Zimbabwe Mining Development Corporation, will also remain on the sanctions list. Easing the sanctions was a reward for a "peaceful, successful and credible" referendum on a new constitution on March 16, the EU said in a statement. At the referendum almost 95 percent of Zimbabweans came out in favor of a new constitution that would trim Mugabe's powers and pave the way for new elections, expected to be held later this year. The EU imposed the sanctions on Zimbabwe in...
(Reuters (Eng) 03/26/13)
President Barack Obama hosts the leaders of four African nations this week, all of which are cited in a new report for effectively increasing spending on agriculture to combat extreme poverty and hunger. The report by the ONE Campaign, an anti-poverty group co-founded by Irish rockers Bono and Bob Geldof, said Senegal, Malawi, Cape Verde and Sierra Leone either met or were close to meeting targets for increased budget spending on agriculture. All of the countries, except Cape Verde where there is little data, are also on track or close to meeting a U.N. target of halving extreme poverty by 2015, the report said. The African leaders will visit the White House on Thursday to showcase their fledgling democracies, but...
(The New York Times 03/26/13)
BEIJING — As President Xi Jinping of China continues his first overseas trip as his country’s leader, arriving in South Africa late on Monday after Russia and Tanzania, he meets with much goodwill – but also some concern among Africans that China may be a “new colonial power,” extracting resources and selling manufactured goods, as I reported on Sunday. China knows it. In a speech in Tanzania, Mr. Xi sought to calm the concerns, as my colleagues Chris Buckley and Jeffrey Gettleman reported. “China frankly faces up to the new circumstances and new problems in Sino-African relations,” Mr. Xi told an audience of Tanzanian politicians and officials in Dar es Salaam, the country’s economic hub and a center of government,...
(BBC News Africa 03/20/13)
Zimbabwe's new constitution was approved by an overwhelming majority in Saturday's referendum, the electoral commission has said. The document, which will limit future presidents to two five-year terms, was backed by more than three million votes - nearly 95% of those who voted. It was supported by the countries' two main political parties who have been in a power-sharing government since 2009. The constitution's approval paves the way for elections later in the year. Meanwhile, US-based campaign group Human Rights Watch has said the government should end a police crackdown on civil society groups in the run-up to elections. Spoilt ballots The clause limiting presidential terms will not apply retrospectively, so Zanu-PF's 89-year-old leader, President Robert Mugabe, will be able...
(News Day 03/18/13)
ZIMBABWE Stock Exchange-listed hospitality concern African Sun Limited (ASL) has projected an 8% growth in revenue this year, being driven by an anticipated surge in international arrivals and an improved average daily rate (ADR). Speaking at the leisure group’s annual general meeting in the capital, ASL group chief executive officer Shingirai Munyeza said although the local market remained depressed due to liquidity constraints, the group could meet the target. The group recorded a revenue of $18,04 million for the trading period ending January. The figure was at the same level last year. The company’s resort hotels recorded a growth in revenue per available room (RevPars) on the back of growing ADRs. ASL operates The Victoria Falls, Troutbeck, Hwange Safari Lodge...
(News Day 03/18/13)
THE Zimbabwe Electoral Commission (Zec) and the Southern African Development Community (Sadc) observer team yesterday hailed the peaceful atmosphere that prevailed during the referendum for a new constitution, saying a few incidents of violence had been recorded. However, just over two million out of over six million registered votes cast ballots, reflecting over 50% apathy going by the voters’ roll and even higher considering that 12 million ballot papers were printed to cater for unregistered voters . Zec chairperson Justice Rita Makarau told journalists in Harare that over two million people had voted in the referendum with the final results expected within five days. The head of delegation for the Sadc Election Commission Forum, Fako Likoti, and the Zimbabwe Election...
(Reuters (Eng) 03/14/13)
Catholics in Africa and Asia on Thursday greeted the election of Pope Francis from Argentina as a historic breakthrough that would pump the developing world's vital energy into a struggling Church and amplify the voice of the planet's poor. While there was disappointment that Pope Benedict's successor did not come from the African or Asian continents, Cardinal Jorge Bergoglio's Third World origins spurred hopes of a kindred spirit among Catholics from Manila to Maputo. Argentina, in Latin America's southern cone, is as far from Africa and Asia as Europe, the prime source of previous pontiffs. But these rapidly developing southern continents of the globe, where poverty still looms large, are now home to the world's fastest growing Catholic communities. African...
(New Zimbabwe 03/14/13)
THEY are as much a feature of American elections as the candidates themselves. In the last election, President Barack Obama and his rival Mitt Romney’s campaigns are believed to have spent up to US$1.1 billion on political ads. With the growth of Twitter, Facebook and other social networking sites, the adverts were not just limited to television alone but were omnipresent in all spheres of life. Ahead of general elections in Zimbabwe later this year, all the main parties have increased their presence online, targeting not just the voters in Zimbabwe lucky enough to have access to the internet, but also seeking to sell their vision to the world. Campaigning has not started, because the election date is not yet...
(Xinhuanet 03/11/13)
Australia will lift sanctions against 55 individuals in Zimbabwe in response to the announcement of a constitutional referendum to be held in Zimbabwe on March 16, Foreign Minister Bob Carr announced in a statement Monday. "The 55 names on this list include some ZANU-PF politicians, members of the judiciary and media, provincial governors and leading business figures," Carr said. "These individuals are not considered to be hindering democratic reforms or undermining the ultimate goal of free and fair elections in Zimbabwe." According to Carr, he had released a three-stage roadmap for the lifting of sanctions on Zimbabwe on Feb. 7, 2013. Remaining Australian sanctions on Zimbabwe include travel and financial restrictions against 98 individuals and four entities, an arms embargo...
(New Zimbabwe 03/11/13)
ZIMBABWE has raised $40 million from a special bond floated to the local unit of Old Mutual and the state pension fund to help finance a constitutional referendum this weekend, the finance minister said on Monday. Tendai Biti said the one-year bond would attract an interest rate of 7 percent. Zimbabweans will vote on Saturday in a referendum on a draft constitution, a crucial step toward a general election later in the year. "This is a voluntary bond on the same terms that the companies are lending to the market," Biti told journalists. Old Mutual Zimbabwe and the government owned National Social Security Authority are among the country's largest funds. Biti said the government had already given $31 million to...
(New Zimbabwe 03/11/13)
ZIMBABWE and Zambia are set to swap prisoners after signing a Memorandum of Understanding. Zambian prisons hold 27 Zimbabwean nationals, while 35 Zambians are currently serving time in Zimbabwean jails. Zimbabwe’s Acting Justice Minister Emmerson Mnangagwa, who is also the Defence Minister, signed an MoU with Zambia’s Home Affairs Minister Edgar Lunga last Thursday at the conclusion of the 28th Session of the Zimbabwe/Zambia Joint Permanent Commission on Defence and Security held in Victoria Falls. State Security Minister Sydney Sekeramayi said: “What was being signed was an MoU that would enable the Zimbabweans serving in Zambian prisons to be transferred and serve their terms in Zimbabwe and reciprocally for Zambians in Zimbabwean prisons to be repatriated to go and serve...
(New Zimbabwe 03/11/13)
A CHINESE company mining for tantalite in Bikita, Masvingo Province, says it has discovered diamonds in the area. Gift Chimanikire, the deputy mines minister, said Nan Jiang Africa Resources Ltd had now submitted a new application for a licence to mine diamonds following the find. Chimanikire said four kimberlite pipes had been discovered at Devuli Ranch in the Budzi communal area – on the border with Manicaland Province which is believed to hold some of the world’s biggest diamond deposits. Kimberlite pipes – named after Kimberley in South Africa where they were first found – are believed to have developed from powerful magma eruptions between 1,100 million and 20 million­ years ago. In Marange, Manicaland, the diamond deposits are mainly...

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