Day: November 16, 2023

The President receives a copy of Baba Manyeruke’s book titled “Kubva Muguruva” yesterday.

LEGENDARY gospel musician, Mechanic Manyeruke, affectionately known as Baba Manyeruke, yesterday paid a courtesy call on President Mnangagwa at State House in Harare to inform him that he was retiring from the music industry. In an interview after a closed-door meeting with the President, the “Makorokoto” and “Madhimoni” hitmaker said he had decided to call […]

THE Government of the United Arab Emirates (UAE) has taken note of Zimbabwe’s re-engagement and investment promotion drive and deployed to Zimbabwe a high powered delegation from the office of the Vice President and Prime Minister Sheikh Mohammed Bin Rashid Al Maktoum to enhance relations and seal cooperation agreements in various economic sectors. This was revealed by Information, Publicity and Broadcasting Services Minister Dr Jenfan Muswere after yesterday’s Cabinet meeting. President Mnangagwa has personally been at the forefront of that investment drive aimed at unlocking the full potential of the economy for the benefit of the citizenry through his “Zimbabwe is open for business” mantra. “The Minister of State for Presidential Affairs in the Office of the President and Cabinet informed Cabinet that the Government will be hosting a delegation from the Office of His Royal Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the United Arab Emirates and Ruler of Dubai, UAE,” said Dr Muswere. “The delegation is coming under the auspices of the Memorandum of Understanding on Improvement and Development of Government Services signed between Zimbabwe and the UAE in February this year. “A major part of MoU is the Government Experience Exchange Programme under which Zimbabwe has agreed to focus on nine areas of reform known as Workstreams.” Cabinet also received a report on the Saudi–Africa Summit where President Mnangagwa led the Zimbabwean delegation to the first Saudi-Africa Summit hosted by King Salman bin Abdulaziz Al Saud from November 9 to November 12. Dr Muswere said 54 African countries were represented, with 23 at Heads of State and Government level. He said several issues of mutual concern were discussed with respect to economic ties, food security, counter-terrorism, combating extremism, humanitarian, health issues and cultural cooperation. “More than 50 Cooperation Agreements in the fields of political, economic, social and development were signed between Saudi Arabia and African countries. “Saudi Arabia pledged US$50 billion towards Africa’s Economic Development over the next seven years,” said Dr Muswere. He said President Mnangagwa also held meetings on the sidelines with President Filipe Nyusi of Mozambique, the Minister of Investment of Saudi Arabia Honourable Khalid Al-Falih and 10 Saudi companies interested in investing in Zimbabwe. Dr Muswere said Cabinet received another report on the third Intra-African Trade Fair held in Cairo, Egypt from November 9 to November 15 where President Mnangagwa also led the country’s delegation to the Fair. The Fair’s objective was to create avenues to harness trade and investment opportunities through the Africa Continental Free Trade Area (AfCFTA). “Zimbabwe, Egypt, Botswana, Malawi, Benin, Chad and two financial institutions (Afreximbank and Arise Integrated Industrial Platforms) signed the Export Agriculture for Food Security Initiative,” said Dr Muswere. “Afreximbank is committing billions to boost production, processing and intra-African trade in agricultural products and Zimbabwe is expected to benefit from the fund. “The nation is further informed that His Excellency the President held the following bilateral meetings where issues of mutual interest were discussed: with his counterpart, His Excellency El Sisi, the President of Egypt; Chairman and CEO of Evergreen Private Limited, Dr Adel Almuslimany; and the President of Afreximbank, Professor Benedict Oramah. “His Excellency the President also had a successful, well attended and interactive engagement with the Zimbabwean diaspora living in Egypt.” Dr Muswere said Cabinet considered and approved a Memorandum of Understanding between Zimbabwe and Algeria on cooperation in the field of archives. The Memorandum of Understanding provides for cooperation in the field of archives preservation, restoration, digitisation, indexation and publication. “The parties will exchange archives, guidebooks and inventories; exchange information in area of archives management; and cooperate in digitising the database of cultural heritage properties on the digitised format and online. “Cabinet further advises that the parties will exchange experts in the field of archives to share knowledge on modern technologies and restoration activities as well as identify management skills in the two countries. “Furthermore, the two countries will organise training courses, workshops, seminars and exhibitions on archives and scientific research and studies. “Regarding intellectual property rights, the parties will jointly own any results from research conducted under the MOU,” said Dr Muswere. Meanwhile, the delegation from UAE arrived in Harare yesterday evening for the “Zimbabwe Government Experiences Exchange Programme” workshop. The workshop will run from today to Saturday at the Rainbow Towers Hotel in Harare. It will focus on seven key topics including policy and strategy, Government services and Government innovation. The workshop will be attended by Cabinet ministers, deputy ministers, Ministers of State for Provincial Affairs and Devolution, permanent secretaries and other high ranking Government officials. In a statement, the Chief Secretary to the President and Cabinet, Dr Martin Rushwaya, informed all Cabinet ministers, deputy ministers, Ministers of State for Provincial Affairs and Devolution, chief secretaries, deputy chief secretaries and permanent secretaries that the workshop would be held as planned with the starting time now being 8:30am. “The Chief Secretary to the President and Cabinet would like to inform ministers, deputy ministers and permanent secretaries that the Government Experience Exchange Forum Workshop will be held tomorrow as planned. “However, the starting time has been changed to 0830 hours. Members are expected to be seated by 0830 hours, and the venue remains the same,” he said. The workshop comes as companies from the Middle East have expressed keen interest in investing in the country’s financial, real estate, agricultural, ICT, mining and green energy sectors as Zimbabwe, under the leadership of President Mnangagwa, opens new business frontiers. The increased interest from several global players to invest in the country is a direct result of the “Zimbabwe is open for business” mantra whose main proponent is President Mnangagwa as well as inroads made in the re-engagement and engagement foreign policy. Last week, President Mnangagwa led a Zimbabwean delegation comprising the Minister of Finance, Economic Development and Investment Promotion Professor Mthuli Ncube, Lands and Agriculture Minister Dr Anxious Masuka, and Industry and Commerce Minister Sithembiso Nyoni to the Saudi-Africa Summit where he outlined vast investment opportunities Zimbabwe offers. On Saturday, President Mnangagwa met the Kingdom of Saudi Arabia’s Investment Minister who was accompanied by executives of 10 companies from the oil-rich country. Zimbabwe is seeking to unlock vast opportunities with Saudi Arabia and work with the kingdom for the realisation of global peace and security. Zimbabwe is already reaping huge rewards from President Mnangagwa’s engagement and re-engagement initiatives, a foreign policy drive predicated on the maxim, “Friend to all and enemy to none”, which is accompanied by his clarion call to the world that “Zimbabwe is Open for Business”. The foreign policy thrust has seen Zimbabwe scale new diplomatic frontiers, with plans afoot to reciprocally open consulates between Zimbabwe and Saudi Arabia.

News

High level UAE delegation arrives for key engagements

November 16, 2023

THE Government of the United Arab Emirates (UAE) has taken note of Zimbabwe’s re-engagement and investment promotion drive and deployed to Zimbabwe a high powered delegation from the office of the Vice President and Prime Minister Sheikh Mohammed Bin Rashid Al Maktoum to enhance relations and seal cooperation agreements in various economic sectors. This was […]

NRZ chief marketing and business development manager Mr Takunda Madanha (Second Left) is congratulated by DATVEST board chairman Mr Never Mhlanga (Left), Zimbabwe Stock Exchange CEO Mr Justin Bgoni (Third Left) and Insurance and Pensions Commission actuarial manager Mr Patrick Gombe at the launch of the NRZ CPF Revitus REIT in Bulawayo yesterday

News

NRZ new unit eyes US$8m through IPO

November 16, 2023

The National Railways of Zimbabwe (NRZ) Pension Fund yesterday launched its real estate investment trust (REIT), Revitus, which is targeting to raise approximately US$8 million through an initial public offer (IPO) that opens today. A REIT is a company that owns and typically operates income-producing real estate or related assets, for which units of an […]

Mr Xi and Mr Biden met at the Filoli Estate, a country house near San Francisco, and spoke for four hours

International News

US and China agree to resume military communications after summit

November 16, 2023

The US and China have agreed to resume military-to-military communications in an effort to ease rising tensions, President Joe Biden says. “We’re back to direct, open, clear communications,” he said following a rare meeting with China’s President Xi Jinping in California on Wednesday. It was the first time the pair had spoken in person in […]

Representatives vote on a draft resolution during a Security Council meeting at the UN Headquarters in New York, on Nov. 15, 2023. The Security Council on Wednesday adopted a resolution to extend the authorization for the African Union Transition Mission in Somalia (ATMIS) for six months, till June 30, 2024. (Loey Felipe/UN Photo/Handout via Xinhua)

International News

UN Security Council extends authorization for African Union mission in Somalia

November 16, 2023

UNITED NATIONS, Nov. 15 (Xinhua) — The Security Council on Wednesday adopted a resolution to extend the authorization for the African Union Transition Mission in Somalia (ATMIS) for six months, till June 30, 2024. Resolution 2710, which won the unanimous support of the 15-member council, authorizes African Union member states to deploy up to 17,626 […]

Energy and Power Development Minister Edgar Moyo

Business

Power generation to increase monthend

November 16, 2023

Power cuts being experienced across the country are expected to ease by the end of this month when power generation will increase on the back of two units being brought back to the national grid. Hwange Unit 7, which produces 300MW, is presently off grid as it is undergoing maintenance, while Units 1 to 6 […]