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Articles by Happiness Zengeni
Zimbabwe: Global Business Giants Meet President
By Happiness ZengeniGlobal business giants and political leaders lined up to secure appointments with President Mnangagwa who was in Switzerland attending the 48th World Economic Forum (WEF) annual meetings. President Mnangagwa attended the global conference, a first for Zimbabwe. He led a high-powered delegation comprising senior Government officials and private business leaders.
Zimbabwe: President Meets IMF, World Bank Chiefs
By Happiness ZengeniPresident Mnangagwa held high-level meetings with top officials from the world's top multilateral financial institutions on the sidelines of the 48th World Economic Forum (WEF) in Davos, Switzerland, as he continued with his drive to re-engage with the international community last month. He met top officials from the International Monetary Fund (IMF), World Bank (WB) and the African Development Bank (AfDB).
Zimbabwe: Stock Exchange Upgrades Fixed Income Market System
By Happiness ZengeniA new upgraded Debt Module system, which caters for various security types both Government and corporate, is set to go live today on the Zimbabwe Stock Exchange. Acting chief executive Martin Matanda said the ZSE has worked with the Automated Trading System supplier (Infotech) in the enhancement of the Debt Module within the system.
Zimbabwe: Good News for Zim Economy
By Happiness ZengeniGold, nickel, copper and zinc are seen as major sources of value for investors in Africa and the world in the medium to long term. This should be good news to Zimbabwe's resource-based economy whose future growth is underpinned by mining, agriculture, tourism and policy stability. Zimbabwe is among the major gold producers in the world with the yellow metal being a top foreign currency earner, raking in close to $11 billion in gold exports between 1980 and 2016.
Zimbabwe: Triumphant Mnangagwa Heads Home
By Happiness ZengeniPresident Mnangagwa returns home after a successful trip during which he held fruitful high-level meetings with renowned businesspeople, directors of multilateral institutions and political leaders in Switzerland and Ethiopia. The President first attended the 48th edition of the World Economic Forum from January 23 to 26, marking his first trip out of Africa and capped the roundtrip with a stopover in Addis Ababa, Ethiopia for the 30th African Union Summit.
Africa: EU, AU Pledge to Support Zimbabwe
By Happiness ZengeniAddis Ababa — The European Union (EU) and African Union (AU) have both pledged unwavering support to President Mnangagwa's Government in its efforts to reintegrate Zimbabwe into the international community and reforms to place the economy on a growth trajectory.
Zimbabwe: First Lady Vows to Keep Up HIV, Aids Fight
By Happiness ZengeniFirst Lady Auxillia Mnangagwa yesterday vowed to lead Zimbabwe's fight against HIV and Aids through dolling out mobile clinics across the country and intensifying awareness campaigns. Speaking on the occasion of the 20th Organisation of African First Ladies against HIV and AIDS (OAFLA) Ordinary General Assembly in Addis Ababa, Ethiopia, the First Lady said Zimbabwe had registered tremendous progress in the fight against HIV.
Africa: Zimbabwe Honoured for Leading Fight Against Malaria
By Happiness ZengeniZimbabwe was yesterday honoured alongside five other African countries for leading the way to a Malaria Free-Africa by 2030. The country received the honour from the African Leaders Malaria Alliance (ALMA) at the 30th African Union (AU) Summit. ALMA members are drawn from 49 AU countries with the objective of eradicating malaria on the continent by 2030. Zimbabwe is not a member.
Zimbabwe: Mangudya Set to Deliver Monetary Policy Statement
By Happiness ZengeniThe Reserve Bank of Zimbabwe Governor Dr John Mangudya, is set to deliver the 2018 Monetary Policy Statement (MPS) early February when he returns from Davos, Switzerland where is attending the 48th World Economic Forum. Dr Mangudya, who is part of President Emmerson Mnangagwa's delegation said he was concluding the MPS with plans to deliver it by the end of the first week of February.
Zimbabwe: Mnangagwa Meets IMF, World Bank Chiefs
By Happiness ZengeniPresident Mnangagwa yesterday held high-level meetings with top officials from the world's top multilateral financial institutions on the sidelines of the 48th World Economic Forum (WEF) as he continued with his drive to re-engage with the international community. He met top officials from the International Monetary Fund (IMF), World Bank (WB) and the African Development Bank (AfDB).
Zimbabwe: President Mnangagwa Accelerates Interactions
By Happiness ZengeniPresident Mnangagwa accelerated his interactions with key global institutions and leaders here yesterday, some of them who tabled big plans to invest in the country. The President, together with his delegation, also met some financiers, who will help the country clear its external debt arrears as well as invest in the country. The World Economic Forum's 48th Annual Meeting is taking place from January 23-26, 2018 in Davos-Klosters, Switzerland.
Zimbabwe: 60 Days of ED. . . FDI Surpasses Previous Yearly Total
By Happiness ZengeniPresident Mnangagwa has a difficult, but surmountable task in fostering economic growth and development after two decades of isolation, and he believes the multi-pronged approach that Zimbabwe is pursuing will yield significant results. The approach is anchored on the need to create a conducive business environment, which ultimately culminates in the increase of foreign capital inflows in the country.
Zimbabwe: Minister Bimha Speaks On Fuel Duty Reduction
By Happiness ZengeniIndustry and Commerce Minister Mike Bimha has agreed to the assertion that the reduction in fuel prices marked the start of internal devaluation, but noted that a lot needed to be done to address other cost drivers.
Zimbabwe: President Arrives in Switzerland for WEF
By Happiness ZengeniPresident Mnangagwa and his high-powered delegation arrived here yesterday for the 48th World Economic Forum (WEF) annual meetings where he is expected to present the country's investment guidelines and opportunities. This is President Mnangagwa's maiden international business engagement since he took office on November 24, and his public policies that have a strong bias towards quick economic recovery, have won him worldwide notice.
Zimbabwe: U.S.$300 More Bond Notes to Hit Market
By Happiness Zengeni and Taurai MangudhlaThe Reserve Bank of Zimbabwe (RBZ) has secured close to $1 billion in facilities to ease foreign currency shortages, while it has selectively increased export incentives as part of efforts to stimulate production. RBZ governor Dr John Mangudya yesterday emphasised in his Mid-Term Monetary Policy Statement that focusing on foreign exchange generation and the production of goods and services was essential.
Zimbabwe: Manyere Re-Emerges Behind Six-Figure Portfolio
By Happiness ZengeniGeorge Manyere, the former Brainworks Capital chief executive, has re-emerged in the investment finance field as the controlling shareholder of Johannesburg Stock Exchange-listed Ecsponent group. Ecsponent is an investment services group with multiple subsidiaries and a footprint across South Africa, Botswana, Swaziland, Zambia and Namibia. It is listed on the JSE's main board under Financial Services-Specialty Finance sector.
Zimbabwe: Barclays Bank Zim Acquisition Finalised
By Happiness ZengeniFIRST Merchant Bank of Malawi finalised the acquisition of the majority stake in Barclays Bank of Zimbabwe from its parent company, Barclays plc amid reports the signing was pushed forward by a week to ward off several objections and interdicts. FMB, a financial institution created in 1995, is listed on the Malawi Stock Exchange, while it also has equity interests in banking operations in Botswana, Mozambique and Zambia.
Zimbabwe: Diamond Industry Conundrum - How to Reform Kimberly Process
opinion By Happiness ZengeniPerth — THOSE in the global diamond industry are agreed that the Kimberly Process Certification Scheme needs reform and review but a lot of debate has emerged on how to make the grouping more effective and relevant without deviating from its core principles. This comes as the diamond industry is under threat over the rising market share of synthetic diamonds.
Zimbabwe: Govt Moves to Consolidate Diamond Mining Sector
By Happiness ZengeniGovernment will now fully consolidate the diamond mining sector after resolving all legal issues with Chinese companies which were mining in the Chiadzwa area and agreeing to a compensation figure with Russian company Development Trust of Zimbabwe-Econendra of Russia (DTZ-OZGEO).
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: 'Panama Cases to Be Investigated'
By Happiness Zengeni and Tinashe MakichiRESERVE Bank of Zimbabwe governor Dr John Mangudya said any of the offshore investment vehicles listed on the leaked Panama Papers which will be found to have been involved in the externalisation of foreign exchange will be investigated. The Governor's remarks comes after the International Consortium of Investigative Journalists released names of over 280 Zimbabweans, including prominent business people with links to offshore investment vehicles.
Zimbabwe: Govt to Re-Introduce Food for Work Programme
By Happiness Zengeni and Martin KadzereTHE District Development Fund has completed a document which outlines modalities on the implementation of a Food for Work programme, with a Cabinet minister calling on the prioritisation of productive activities largely aimed at achieving food security.
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