Econet Wireless' mobile money service Ecocash has launched a Mastercard debit card linked to subscriber's Ecocash wallets. This will allow subscribers to make international payments more easily. The debit card aims to reduce cash dependency and increase financial inclusion through electronic payments in Zimbabwe and beyond. Rival operator Telecel also recently launched its own debit card linked to its Telecash mobile money service. Speakers at the Ecocash debit card launch highlighted how the card will increase transaction speeds and convenience by allowing money to be moved between accounts digitally using the card. The Ecocash and Telecel debit cards indicate Zimbabwe is moving towards becoming a cashless economy.

1. News Update as @ 1530 hours, Wednesday 30 July 2014
Feedback: bh24admin@zimpapers.co.zwEmail: bh24feedback@zimpapers.co.zw
By Rumbidzayi Zinyuke
Econet Wireless’ mobile money service,
Ecocash has launched a debit card that
is linked to the Ecocash wallet, a move
which will enable subscribers to make
international payments with ease.
The debit card, a result of an agree-
ment with MasterCard, is set to reduce
the dependence on cash and increase
financialinclusionthroughelectronicpay-
mentsinZimbabweandbeyondthebor-
ders. The move comes hardly a month
after rival operator, Telecel, launched its
owndebitcardthatislinkedtoZimswitch
for its Telecash subscribers. Speaking at
the launch of the Ecocash Debit card,
Econet chief executive Douglas Mboweni
said the debit card would do away with
the need to carry around physical cash.
“The adoption of electronic payments is
critical to Zimbabwe’s economic devel-
opment. Reducing dependency on cash
while increasing financial inclusion bene-
fits the whole country including the gov-
ernment, industry sectors like tourism
and retail, merchants and citizens,” he
said. He said the debit card would also
increase the velocity of transactions.
“We are saying let geography not limit
the convenience that our subscribers
should have. We want to do away with
problems of geography and access to
physical cash. We are saying let the
money be kept in a bank and let the
money be moved from one account to
another while we use this convenient
piece of plastic to do transactions,” he
said. Ecocash chief executive Cuthbert
Tembedza also said the debit card pro-
vides an additional choice of transacting
for people who did not want to use cash
or mobile money. “We look forward to
offering Zimbabweans even more ways
to benefit from the security and con-
venience of electronic payments as they
engage with, and contribute to, the for-
mal economy,” he said. He said the debit
card will create interoperability between
everyone in different parts of the world.
MasterCard representative Charlton
Goredema said the debit card would
address Zimbabwe’s market realities,
particularly the impact of mobile money.
“As EcoCash enables its customers to
benefit from MasterCard’s global pay-
ments network, we are assisting Zimba-
bwe to integrate its economy with those
elsewhere in the world. Importantly, we
arealsocontributingtothefinancialfree-
domofindividuals,”saysGoredema.The
card will cost users about $2 to access
and transaction fees range between 30
cents and $2.45. Users of the card can
also withdraw money from MasterCard
licensed ATMs and the card uses an EMV
Chip and PIN technology, which is much
more secure than magnetic stripe cards
that most of the local banks still use. •
Ecocash subscribers get access to Mastercard payment platform

2. BH24

3. BH24 Reporter
The Cimas Medical Laboratories Harare
laboratoryhasbecomethefirstmedical
laboratory in Zimbabwe to attain ISO
15189 Accreditation, the international
standard for medical laboratories.
The standard is based on ISO/IEC
17025 and ISO 9001 but takes into
consideration the specific Medical Lab-
oratories requirements for quality and
competence and the importance of the
medical laboratories to patients’ care.
Cimas Medical Laboratories received
ISO accreditation from the South-
ern African Development Community
Accreditation Services (SADCAS), an
accreditation body whose mission is
to provide internationally recognised
accreditation services for SADC mem-
ber states
Cimas Medical Laboratories Harare
laboratory manager Roselin Maga-
ramombe said the accreditation
confirmed that the Cimas Medical
Laboratories operated according to
international standards and that results
of tests done at the Cimas Medical
Laboratories would be accepted inter-
nationally.
“We are very excited about the accred-
itation. We are happy to attain this
accreditation first time around on appli-
cation and we have attained it despite
numerous challenges facing the health
delivery industry in general and the
medical laboratory services in particu-
lar.
“This accreditation means we are inter-
nationally recognised. If, for example,
a patient has a test done at our labora-
tory, he or she can take the test results
anywhere regionally and internation-
ally and the results will be accept-
ed,”she said.
The ISO 15189accreditation pro-
cess for Cimas Medical Laboratories
began in 2011 and involved training,
strengthening of laboratory manage-
ment, comparing observed practice
with the standard and implementing
changes to conform to the standard.
SADCAS chief executive Maureen
Mutasa said Cimas been granted the
accreditation following a meeting of the
joint SADCAS/South African National
Accreditation Services (SANAS)
accreditation approvals committee. •
3 NEWS
Cimas Medical Laboratories attains ISO 15189 Accreditation

4. BH24

5. By Funny Hudzerema
Government has embarked on stake-
holder consultations to speed the draft-
ing of the National Quality Standards
Authority Bill and give room for the
Zimbabwe Quality Standards Regula-
tory Authority.
Addressing delegates at the Standards
Association of Zimbabwe workshop on
the role of standards in national tech-
nical regulatory framework, Deputy
Minister of Industry and Commerce
Chiratidzo Mabuwa said the consulta-
tions had already begun.
“It is envisaged that the passing of the
National Quality Standards Authority
Bill will culminate into the formation of
the Zimbabwe Quality Standards Reg-
ulatory Authority.
“ZQSRA is expected to hold the
responsibility of ensuring that local
and imported products that are sold in
Zimbabwe do meet the quality, safety,
health and environmental standards,”
she said.
She also said the standardisation of
local goods and services will protect
public health and safety and can eco-
nomically establish efficient markets
locally and internationally.
“Standards and conformity assess-
ment can also assist in the develop-
ment of better regulatory practice and
national quality infrastructures facilitate
markets and allow societies to have
confidence in technical,” he said.
Deputy Minister Mabuwa added that
the establishment of the Standards
Regulatory Authority will align Zimba-
bwe to its World Trade Organization
obligations (WTO).
“The setting up of the monitoring
mechanism will not only ensure com-
pliance with quality, health, safety
and environmental standards, but the
Authority will set Zimbabwe in line with
the WTO agreements to which we are
a signatory,” she said.
Speaking at the same event, Interna-
tional Standards Organization expert
Graeme Drake said Zimbabwe must
work in line with the African Organi-
zation for Standards with guidelines to
standards for the nation to benefit at
continental level and this will develop
to international.
“Standardization of local goods and
services protect public health and
safety and can economically establish
efficient markets locally and interna-
tionally.
“Standards and conformity assess-
ment can also assist in the develop-
ment of better regulatory practice and
national quality infrastructures facilitate
markets and allow societies to have
confidence in technical,” he said.
The objective of the workshop was to
raise awareness among national reg-
ulatory authorities in Zimbabwe on
approaches and benefits of using vol-
untary standards in regulations. •
5 NEWS
Government engages stakeholders on National Standards Regulatory Authority
Deputy Minister Mabuwa

6. AdM-DI156506-
BH24

7. 7 NEWS
By Lynn Murahwa
French-based energy company, Sch-
neider Electric has signed an exclusive
distribution agreement with a local
energy company, Samansco for the
supply of solar powered LED lamps
that is expected to generate $10 mil-
lion.
Speaking at the signing ceremony
which took place at the Residence of
the French Ambassador Laurent Dela-
housse yesterday, Samansco manag-
ing director Jangez Gangat said the
targeted revenue from the deal would
be realised over the next three years.
"We currently have over 170 dealers
over the country and we are looking to
expand that. Through Schneider Elec-
tric we have begun to train entrepre-
neurs from rural areas in partnership
withNGOstobecomeenergyentrepre-
neurs."The investment from Schneider
is a commitment from them through-
out Africa to train over 10 000 people
on the Access to Energy programme.
In Zimbabwe we are targeting over 2
500 people to train over the next three
years," said Gangat.
HesaidSamanscohadsupplied22000
systems in 14 countries in the region
to date. The portable bulb, also known
as The Mobiya TS120S, is an energy
efficient, eco-friendly and robust port-
able lamp producing 120-lumen light
output, [perfectly suited for demanding
rural environments.
The lamp is equipped with a mobile
phone charger that includes a USB
port. Schneider Electric head of sus-
tainable development for southern
Africa Zanelle Dalglish said the com-
pany is pleased to partner with Zim-
babwe and the development within the
country. It has been set at a retail price
of $99 by Samansco.
"In terms of revenue, we had about
20 billion Euros revenue in 2013 so
Schneider Electric is a well-established
international organisation.
It makes me very proud to be in Zim-
babwe to say that an organisation of
this size has a keen interest in Zimba-
bwe and looking at the development
within your country," she said.
Shesaid55percentoftheZimbabwean
population is not connected to the grid
and 11,5 percent is underserviced in
remote areas making the Mobiya an
ideal solution for development.
Also speaking at the Launch the Minis-
ter of Environment, Water and Climate
Saviour Kasukuwere said the sup-
port brought in by Schneider Electric
through Samansco will go a long way
in providing electricity to the country.
"As a ministry we are excited that this
falls within our space, that is the intro-
duction of solar gadgets and power.
Itisalsosupportingourschools,adding
electricity to our schools so it is a very
welcome investment and we look for-
ward to working very closely with Sch-
neider Electric and their local agents,"
he said. •
Schneider Electric in $10 million deal with local firm

8. BH24

9. The equities markets maintained its
bull run for the second day after gain-
ing 1,18 percent as no counters in the
industrials registered any loses.
The industrial index gained 2.17
points to close trade at 186.54 points.
Hippo was up 4.90 cents to 60 cents,
Old Mutual rose 3.01 cents to close
at 263.01 cents and Colcom added
3 cents to 25 cents. TSL picked up 2
cents to 27 cents and beverages giant
Delta traded 1.1 cents firmer at 126.1
cents.
The mining index however shed 1.8
points to close trade at 95.65 points,
as Bindura eased 0.27 cents to settle
at 8.73 cents. Falgold was unchanged
at the previous trading level, while
Hwange and Riozim were bid higher
at 5 cents and 22 cents respectively.
― BH24 Reporter •
9 ZSE REVIEW
ZSE in second day gains

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BH24

11. We feel we should applaud the effort
being made by Telecomms companies
in making sure that all Zimbabweans
have access to banking services.
Despite the fact that the major-
ity of people in the country are still
unbanked, mobile network service
providers have changed the sphere
of late.
Not only have they increased acces-
sibility to banking services, they have
made the same services easier and
cheaper.
The fact that Zimbabweans have been
slowly adopting the culture of using
plastic money to make payments
shows how these services come in
handy.
What the traditional banks failed to do
in a century, the mobile network oper-
ators have done in under a decade.
Not to take anything from the banks,
but we feel mobile companies have
changed the banking services arena.
The launch of mobile money ser-
vices by Econet, Telecel and NetOne
increased the number of people with
access to banking services signifi-
cantly. Banking was made reachable.
People no longer had to carry physi-
cal money but could just pay using
the various platforms and trips to the
banks got fewer and fewer.
And now Telecel and Econet have
introduced debit cards which are con-
nected to a subscriber’s wallet.
Looking at the Telecash Gold Card,
its greatest strength is undenia-
bly the convenience it will create for
retail payments made through mobile
money. The Gold Card is bringing
the simplicity of swiped payments to
mobile money.
And Ecocash now has the Mastercard
debit card. The huge convenience is
that the EcoCash wallet is also a Mas-
terCard wallet. This means you can
use it to pay for anything from pay-
ing for stuff in a shop or doing your
shopping across the borders to buying
things on the internet.
Informal traders who used to carry
around large sums of money can now
just use the debit card.
Between having a telecash debit card
and Ecocash mastercard, Zimbabwe-
ans will almost always never need to
use cash, unless retailers and informal
traders shun these convenient meth-
ods of payments. We do not know
how people will receive these cards,
but the reception that mobile money
services enjoyed might be something
to go by. In short, Zimbabwe is surely
moving towards being a cashless
economy! •
11 BH24 COMMENT
Zim moving towards cashless economy

12. BH24

13. Following the successful buyout of
three Shoprite Tanzania stores two
months ago, Kenya’s largest super-
market chain, Nakumatt Holdings has
officially opened one of the stores at
Mlimani City Mall in capital city, Dar es
Salam.
The Sh4 billion ($46 million) acquisition
of the three stores from South Africa
retail giant gave Nakumatt leverage
to re-establish its presence in the Tan-
zanian retail market after it opened its
first outlet in 2011. The three stores
acquired by Nakumatt are located in
Mlimani City mall, Puga Road in Dar es
Salam and in Arusha. Nakumatt Hold-
ings Managing Director, Atul Shah said
the launching of its store in Tanzania
fulfils the company’s “long held dream”
of establishing its presence in Tanzania.
“This opening also sets the stage for
our 50th branch opening by mid-Au-
gust which will be a key milestone as
we’ll have achieved our Nakumatt 2.0
Strategy goal a clear six months ahead
of the February 2015 target,” Shah
said. The Nakumatt Pungu Road in Dar
es Salaam will be home to its Tanzania
Headquarters, Nakumatt said. Shop-
rite closed its Tanzania business after
a 12-year spell in the country. It was
forced out when the host government
accused it of flooding its market with
South African products.
Nakumatt made an offer to acquire
Shoprite’s local assets but such move
was slowed when Shoprite employees
moved to court over fears of losing
their terminal benefits once the Kenyan
retailer took over.
The Fair Competition Commission
(FCC) of Tanzania later cleared the
Nakumatt-Shoprite deal in May after
Shoprite employees withdrew their
case from the High Court.
However, it gave the retailer strict
conditions on operating in its market
including hiring a certain quota of locals
as well as patronizing domestic manu-
facturers.
The Regional Retailer already has 34
stores in Kenya and hopes to add three
more before the end of the year. Aside
the stores in Tanzania, Nakumatt also
10othersubsidiariesareinUgandaand
Rwanda.― VENTURES AFRICA •
Ten months after opening its first local
factory in Egypt, Samsung Electronics
says it will invest $20 million over the
next four years to develop a new tele-
vision factory in Dube TradePort, South
Africa.Located in the KwaZulu-Natal
province, Dube TradePort is one of the
special economic zones the South Afri-
can government is setting up to boost
investment.Thebusinesshubissched-
uled to launch before the end of the
year. Samsung intends to begin con-
struction of the factory in line with the
hub launch to cash in on the increasing
demands for consumer goods in the
country.
According to research, an average
South African spends about $940 per
year on electronics. Statistics South
Africa (Stats SA) also revealed that
consumer spending in the country
reached an all time high of R1.3tril-
lion ($127 billion) in the first quarter of
2014.
Deputy Managing Director of Sam-
sung Electronics South Africa, Matthew
Thackrah says the new plant is in line
with the company’s goal to create
new business opportunities, products
and technology. The company said
the manufacturing facility will encour-
age the development of skilled and
unskilled labour in the region.
Samsung, like other technology prod-
uct manufacturers is seeking new
grounds in developing markets like
Africa, with the continent moving from
being a “dumping ground” to a high
consumer rate market given its boom-
ing population and spending power. ―
VENTURES AFRICA •
13 REGIONAL News
Samsung to build $20m TV factory in South Africa
Nakumatt regional expansion boosted with Tanzania store opening

14. BH24

15. 15 DIARY OF EVENTS
The black arrow indicate level of load shedding across the country.
POWER GENERATION STATS
Gen Station
30 July 2014
Energy
(Megawatts)
Hwange 531 MW
Kariba 750 MW
Harare 20 MW
Munyati 26 MW
Bulawayo 28 MW
Imports 0 MW
Total 1355 MW
1 August - Sixteenth Annual General Meeting
of the members of Econet Wireless Zimbabwe
Limited, Place: Econet Park, 2 Old Mutare Road,
Msasa, Harare, Time; 10.00am
Seed Co Limited 19th Annual General Meet-
ing Venue: Seed Co Administration Block at Sta-
pleford Date: Wednesday 20 August Time: 12:00
hours
National Tyre Services Limited 52nd Annual
General Meeting Venue : Boardroom, Stand
4608, Corner Cripps/Seke Roads, Granite-
side, Harare Date: 20 August 2014 Time: 14:30
hours
THE BH24 DIARY

16. BH24

17. 17 zse
ZSE
Movers CHANGE Today Price USc SHAKERS Change TODAY Price USc
starafricacorporation 8.00 27.00 BNC -3.00 8.73
Seed Co 0.50 2.01
Pearl 1.28 79.00
Padenga 4.98 2.95
Old Mutual 2.56 8.00
OK 1.16 263.01
NicozDiamond 3.09 17.01
Masimba 8.33 1.30
Hippo Valley 11.90 2.35
First Mutual 8.89 60.00
Indices
Index Previous Today Move Change
Industrial 184.95 183.76 -1.19 points -0.64%
Mining 61.13 66.53 +5.40 points +8.83%
Stocks Exchange

18. BH24

19. 19 AFRICA StockS
Botswana 8,664.65 -11.96 -0.14% 12July
Cote dIvoire 246.37 +2.18 +0.89% 07Mar
Egypt 7,949.60 -75.68 -0.94% 06Mar
Ghana 2,295.37 -14.73 -0.64% 24July
Kenya 4,896.77 -13.83 -0.28% 21July
Malawi 12,662.47 +0.00 +0.00% 07Mar
Mauritius 2,074.51 -3.51 -0.17% 07Mar
Morocco 9,544.10 +21.01 +0.22% 07Mar
Nigeria 42,285.85 -258.48 -0.61% 25July
Rwanda 131.27 +0.00 +0.00% 24Oct
Tanzania 2,018.97 +25.40 +1.27% 07Mar
Tunisia 4,624.39 -39.32 -0.84% 07Mar
Uganda 1,503.90 +0.81 +0.05% 10Sep
Zambia 4,242.74 +14.95 +0.35% 10April
Zimbabwe 184.37 +0.77 +0.42% 29July
African stock round up Commodity Prices
Name Price
Crude Oil 1,300.91 -0.21%
Spot Gold USD/oz 1,292.63 -0.26%
Spot Silver USD/oz 19.38 -0.46%
Spot Platinum USD/oz 1,421.25 -0.33%
Spot Palladium USD/oz 798.50 -0.64%
LME Copper USD/t 6,770 -0.18%
LME Aluminium USD/t 1,780 -1.17%
LME Nickel USD/t 18,230 -1.73%
LME Lead USD/t 2,095 -1.41%
Quote of the day — "Never turn
down a job because you
think it's too small, you
don't know where it
can lead." ― Julia Morgan
Globalshareholder.com

20. BH24

21. European stocks retreated as inves-
tors weighed corporate earnings, and
as the U.S. joined Europe in imposing
new sanctions on Russia for its role in
the insurgency in Ukraine. U.S. stock
futures were little changed, while Asian
shares rose.
Schneider Electric SE declined 2.7 per-
cent after first-half adjusted earnings
missed analysts’ estimates. Airbus
Group NV climbed 3.6 percent after
posting a 10 percent increase in first-
half earnings.
The Stoxx Europe 600 Index dropped
0.3 percent to 341.36 at 8:41 a.m. in
London.
The equity benchmark rose 0.3 per-
cent yesterday as companies from
Ferrovial SA to Next Plc reported bet-
ter-than-projected results. Standard
& Poor’s 500 Index futures gained 0.2
percent today, while the MSCI Asia
Pacific Index advanced 0.3 percent.
The Stoxx 600 yesterday pared gains
in the final half hour of trading as the
European Union agreed to new sanc-
tions on Russia that curb its access to
bank financing, arms, and equipment
to modernize its oil industry.
The U.S. Treasury Department
announced late yesterday penalties for
American citizens dealing with equity
or bonds of VTB Bank OAO, Bank of
Moscow and Russian Agricultural Bank.
United Shipbuilding Corp., which has
contracts with the Russian military, was
also sanctioned.
The Federal Reserve will reduce its
monthly purchases for the sixth time to
$25 billion from $35 billion as it ends a
two-day meeting after European mar-
kets close today, according to econo-
mists. ― Bloomberg •
21 INTERNATIONAL NEWS
Europe stocks fall as investors weigh earnings, sanctions

22. A few days ago the Minister of ICT,
Postal and Courier Services, Webster
Shamu, announced the new directors
for local postal agency Zimpost and
the two state owned telecoms outfits
Netone and TelOne.
The appointments are effective from
1 August 2014. The NetOne board
chairman is Mr Alex Marufu and the
vice chairman is Mr Sydney Nyanungo.
The new Zimpost chairman is Mr Clem-
ence Mabaso and the vice chairman is
Retired Air Marshal Henry Muchena.
TelOne’s new board chairman is Mr
Charles Shamu and Retired Briga-
dier-General Charles Wekwete is the
deputy chair.
Judging from figures released by
POTRAZ, the industry regulator, this
new leadership has a lot to take care
of to ensure a competitive standing in
communications.
Each of these organisations is fighting
for relevance in aggressive markets
and it will take a lot of level headed
decision making to ensure that they
come out on top.
NetOne, one of the country’s three
mobile network operators seems to
have its head above water despite
being the last in a class of three.
Its new board is faced with charging
forward in a telecoms industry seized
by challenges of declining voice reve-
nue(the cash cow and family favour-
ite), a wheezing economy and market
share battles for anything from OTT
services to brand recognition.
TelOne, in the perpetual sweet spot
of being the only fixed line and ADSL
service provider has managed to expe-
rience, for the first time, a growth in
its fixed line subscriber base. However
this victory is challenged by the strong
positioning of mobile services that have
challenged the relevance of a fixed line
service which has experienced a resur-
gence thanks to the benefit of ADSL
services. The decisions being made
at board level will most likely need to
include a strategy to capitalise on the
huge demand for stable, affordable
internet services.
Postal services champion Zimpost, is
also fighting technological aftershock
and its board has to craft a progres-
sive plan for a brand synonymous with
a service that most would say is not a
priority in the digital age.
With the decline of postal traffic, the
role of ZIMPOST as a courier services
leader will likely be part of a the new
vision and strategy that the new board
has to roll out.
Its implementation is however not so
simple especially in a market that has
several options. (Just ask the guys
from Zimboshopper)
In any case we will all be watching
to see how well these new directors
handle the challenges that lay before
them once they assume their duties. ―
Techzim •
22 Analysis
Lots of homework for new directors at NetOne, TelOne
Minister Shamu