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Articles by Conrad Mwanawashe
Zimbabwe Gambles on AI to Find 15,000 Missing TB Cases Amid Funding Cuts
HARARE— Zimbabwe’s national health program is accelerating a high-stakes pivot to Artificial Intelligence (AI) to combat a persistent Tuberculosis (TB) crisis, hoping technology can close a critical diagnostic gap that saw an estimated 15,000 cases missed last year.
Zimbabwe: Govt, Development Partners Unveil District Profiles
By Conrad MwanawasheGovernment and development partners yesterday unveiled district risk profiles that provide a comprehensive district level overview focusing on infrastructure, water, food and nutrition security conditions and development indicators. District profiling is evidence-based information that assists Government and development partners to understand the manifestation of the current food security and livelihood challenges at lower levels.
Harare Signs Deals for Construction Projects
Harare City Council has signed deals with leading financial institutions that will lead to the rolling out of major construction works covering housing, road, terminuses and industrial buildings under its ambitious urban renewal programme. The plan also involves construction of vending markets as council battles to contain illegal selling activities in the city.
Zimbabwe: Harare Signs Deals for Construction Projects
By Conrad MwanawasheHarare City Council has signed deals with leading financial institutions that will lead to the rolling out of major construction works covering housing, road, terminuses and industrial buildings under its ambitious urban renewal programme. The plan also involves construction of vending markets as council battles to contain illegal selling activities in the city.
Zimbabwe: Crowhill Saga Rages On
By Conrad MwanawasheCrowhill Farm (Pvt) Ltd has filed an urgent chamber application for the eviction of Florence Pambukani from its 845 hectares of land in Borrowdale arguing that the High Court had in January confirmed it as the rightful owner of the land she has invaded.
Zimbabwe: Farmers to Produce 200,000 Tonnes of Wheat
By Conrad MwanawasheStakeholders in the agro-processing sector are mobilising funds for timeous payments for locally produced wheat. Zimbabwe expects to produce about 200 000 tonnes of wheat this season against a demand of 400 000 tonnes. The Grain Millers Association of Zimbabwe is mobilising funds to finance the importation of the 200 000 tonnes to cover the deficit. Also, the agro processors are coming up with a comprehensive wheat buying programme ahead of the winter wheat harvest.
Zimbabwe: Firm Seeks U.S.$2 Million Working Capital
By Conrad MwanawasheOld time farmers in Zimbabwe have one or two experiences to share concerning Farm & City, one of the country's major agricultural and hardware retail companies. That experience or testimonial will most likely touch on the seemingly two different Farm & City companies, one being the old organisation which dominated the agricultural chain versus a current under-capitalised and not so prominent Farm & City.
Zimbabwe: Fuel Fraud Costs Nation U.S.$240 Million
By Tawanda Musarurwa and Conrad MwanawasheZimbabwe could be losing at least $240 million annually to fuel fraud while globally at least $40 billion is lost to smuggling activities associated with subsidies, tax and price differentials worldwide. Smuggled and stolen fuel deprives governments of tax revenue.
Zimbabwe: NetOne Boss Kangai Takes Fight to Auditor Genera's Office
By Conrad MwanawasheFormer NetOne chief executive Mr Reward Kangai, who is taking legal recourse to challenge his ouster from the State-owned mobile telecommunications company, is taking umbrage over audit findings made by PricewaterhouseCoopers (PwC) over some questionable dealings made at the firm during his tenure.
Zimbabwe: Fortification Debate Rages
By Conrad MwanawasheThe grain milling industry has appealed to Industry and Commerce Minister Dr Mike Bimha to engage Health and Child Welfare Minister Dr David Parirenyatwa to rescind his decision to impose a mandatory fortification programme citing lack of adequate consultation on the matter, among other reasons.
Zimbabwe: Millers Call for Suspension of Food Fortification
By Conrad MwanawasheThe grain milling industry has requested Government to suspend, indefinitely, the mandatory food fortification programme scheduled to commence next month saying it would cost about $20 million to import the equipment and machinery for the process.Furthermore, the milling industry would require about $7 million monthly for the importation of fortificants if Government proceeded to force through the July 1 fortification commencement date.
Zimbabwe: Govt to Reorganise Fertiliser Production Chain
By Conrad MwanawasheGovernment is planning to reorganise the fertiliser production chain with a view to ensuring sufficient product throughout the season. Buoyed by the success of the Special Maize programme, commonly known as Command Agriculture, Government has extended the concept to other products such as wheat and soya beans and this is expected to push demand on an upward trend.
Zimbabwe: Govt Expands Ease of Doing Business Reforms
By Conrad MwanawasheBuoyed by the achievements coming out of the initial phases of the Ease of Doing Business Reforms, Government has widened the scope of the reforms to cover various sectors such as tourism and enablers like local authorities, road freight and passenger transport and the export sectors. Furthermore, in pursuit of the Sectoral Approach strategy, Government has expanded the reforms to cover the manufacturing, mining, agriculture and investment sectors.
Zimbabwe: Mining to Generate U.S.$3 Billion This Year - Report
By Conrad MwanawasheGOVERNMENT is estimating mining will generate $3 billion revenue this year driven by growth in chrome, which is expected to contribute about $500 million. Last year the mining sector experienced a four percent growth in revenue to about $2 billion, eight percent growth in volumes driven by gold, platinum group metals, base metals and others.
Zimbabwe: U.S.$80 Million Released for Diamond Company's Capitalisation
By Conrad MwanawasheTreasury has released $80 million to capitalise the Zimbabwe Consolidated Diamond Company as Government moves to ensure that the company plays its role in the diamond sector. But Hwange Colliery and Makomo Resources were chided for not providing the authorities with their production figures for consolidation.
Zimbabwe: Agric, Mining to Drive Economic Growth - IMF
By Conrad Mwanawashe and Enacy MapakameThe International Monetary Fund expects recovery in agriculture and mining to drive economic growth this year but warns that maintaining the growth momentum would require action to expedite plans to reduce Government deficit to a sustainable level. But economists said growth will only come if Zimbabwe escalates value addition and beneficiation and development of the agro-based export sectors such as horticulture.
Zimbabwe: Fidelity Insurance Premiums Fall
By Conrad MwanawasheFIDELITY Life Assurance of Zimbabwe saw net insurance premiums fall to $14,8 million in the 12 months to December 31, 2016 against $16,6 million recorded the prior year, which the group blamed on the "difficult operating environment". The group said the difficult operating environment had a negative impact on premium income generation and collection ability. Income from the sale of stands at the Southview Park project was lower than 2015 as the project is in its final stages.
Zimbabwe: Bread Prices to Remain Unchanged
By Conrad MwanawasheA breakthrough has been reached between millers and the Reserve Bank of Zimbabwe which effectively quashed a looming increase in the price of bread and other flour products. The RBZ will, in the next few weeks, clear outstanding $43,25 million foreign wheat invoices for millers. This comes after the National Bakers Association of Zimbabwe and the Grain Millers Association of Zimbabwe engaged the RBZ over the issue. GMAZ confirmed the latest developments.
Zimbabwe: Aurex Eyes Global Jewellery Market
By Conrad MwanawasheRESERVE Bank of Zimbabwe-owned minerals and precious stones beneficiation company, Aurex (Pvt) Ltd expects to conclude a strategic partnership arrangement with a technical partner in the next three months for joint ventures which will give the company a springboard to reclaim its markets worldwide.
Zimbabwe: Bakers Mull Bread Price Increase
By Conrad MwanawasheBAKERS have hinted on an increase in the price of bread and other flour products following a rise in the prices of bread flour of between 10-25 percent as a result of nostro liquidity challenges. The nostro liquidity challenges have caused banks to sell euros, British pounds and South African rands to pay United States dollar invoices resulting in exchange losses and high service fees totalling 12 percent.
Zimbabwe: Central Bank Eases Foreign Payments Bottleneck
By Happiness Zengeni and Conrad MwanawasheThe Reserve Bank of Zimbabwe has moved to ease foreign payments bottlenecks after it drew-down $100 million on the $150 million African Export-Import Bank loan facility yesterday. The central bank said apart from the Afreximbank facility, the release of the funds was made possible by export earnings from the sale of green-leaf tobacco at the tobacco floors by tobacco growers.
Zimbabwe: Investors to Fund U.S.$4 Billion Batoka Project
By Conrad MwanawasheTHE development of the Batoka Gorge Hydro-Electric Scheme has received stimulus with international financial institutions and private investors agreeing to finance the $4 billion power project. This came out at an investment conference called to solicit for finance for the major electricity project which is expected on stream by 2024. BGHES will produce 2 400MW to be shared equally between Zambia and Zimbabwe.
African Airlines Seek Ways to Increase Growth, Profits
By Conrad MwanawasheAfrican airlines are racing to ratify a decade and half old agreement that seeks to promote the indigenisation and liberalisation of African skies in terms of access, capacity, frequency, and tariffs in order to induce connectivity within Africa.
Zimbabwe: Tobacco Seed Sales Drop 64 Percent
By Conrad MwanawasheTOBACCO seed sales in the year to date have dropped 64 percent compared to the same period last year and this may lead to reduced crop size in the 2016/17 season. Seed sale statistics released by the Tobacco Research Board show that until May 27, 97 495kg of seed had been moved compared to 305 200kg moved last year.This is mainly because tobacco from the 2015/16 season over-stayed in the lands, however, large scale growers are buying as normal.
Zimbabwe: Axia Joins ZSE Trading Family
By Conrad Mwanawashe"Axia also becomes the third company to be listed from the Innscor stable through a dividend in specie after Padenga and Simbisa, which ZSE views as a vote of confidence from the group which has been on the ZSE's official list over the years." Axia Corporation listed on the Zimbabwe Stock Exchange yesterday with about 51 000 shares changing hands in first trades.Total turnover in the stock was at $3 835,05 from the trade of 51 134 shares at a price of $0,07,50.
Zimbabwe: 'Reduce Imports, Manufacture More'
By Conrad MwanawasheBARCLAYS Bank Zimbabwe managing director George Guvamatanga says Zimbabweans should go through a paradigm shift and focus more on manufacturing instead of importing products that can be produced in the country. This would reduce the import bill which reached U.S.$6 billion last year and in the process alleviate pressure on cash.Reduced demand for cash would mean that there will not be cash shortage as being experienced currently.
Zimbabwe: IMF to Consider Zim Progress Report
By Conrad MwanawasheZIMBABWE expects to take its re-engagement with multilateral institutions to the next stage as the International Monetary Fund board considers a report on the progress the country has made in terms of policy reform and improving the economic environment. The IMF board was due to consider its mission report on the Staff Monitored Programme and Article IV consultations yesterday.
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