A digital copy of the Business News 24 (04 July edition). Zimbabwe's premier business news free sheet published by the Zimpapers Newspapers Group (1980) Limited and available every week day from 1530hrs to give a summary of the day's business news.

1. News Update as @ 1530 hours,Friday 4 July 2014
Feedback: bh24admin@zimpapers.co.zwEmail: bh24feedback@zimpapers.co.zw
By Rumbidzayi Zinyuke
•Finance Minister says Zimba-
bwe’s debt sustainability indica-
tors are favorable compared to
some countries in the region
Finance Minister Patrick Chinamasa
has said the International Mone-
tary Fund (IMF) has written to him
expressing satisfaction with the efforts
so far made by Zimbabwe to restore
the economy and settle the country’s
debt overhang.
Minister Patrick Chinamasa told jour-
nalists on Thursday that the show of
confidence by IMF increases the coun-
try’s chances of reviving a relationship
with multilateral institutions and qual-
ify for fresh funding.
“I received an e-mail from IMF con-
gratulating us for the little that we
have done this year; they see prom-
ise at the end of the day. The little we
have done in restoring the financial
services sector, what we are seek-
ing to do in mining in terms of policy
review and taxation on miners. They
feel the train is finally moving and in
the right direction,” he said.
He said Government had to come up
with long term strategies to attract
foreign direct investment, more par-
ticipation on the stock exchange and
policy reviews that make it conducive
to support lines of credit to financial
services sector as well as resuscitate
the productive sector.
He also said any future borrowing
made by Government would prioritise
infrastructure development projects
and the clarification and review of
some policies would help put Zimba-
bwe in good standing with institutions
that can provide long term funding
needed for these projects.
“As we claw our way back, we need
to be in good standing with institu-
tions such as China Development
Bank, China-Exim bank, World Bank,
European Development Bank, African
Development Bank and the IMF. To do
that, we need to pursue policies that
show we are building capacity for eco-
nomic recovery,” he said.
Zimbabwe has a total external debt of
$8.9 billion of which $2 billion is owed
to multilateral creditors and $2,8 bil-
lion to bilateral creditors. The domestic
debt now stands at $1 billion.
Minister Chinamasa said an analysis of
the country’s debt sustainability indi-
cators, compared to other countries
in the region, had shown that Zimba-
bwe’s challenges are not insurmount-
IMF 'sees promise' on Zimbabwe

2. 2 News
BH24 Reporter
Contract tobacco continues to trickle
in as overall sales reach $655 mil-
lion ahead of the commencement of
mop-up sales on July 15.
Latest figures from the Tobacco Indus-
try Marketing Board (TIMB) show that
as of yesterday, 206,5 million kilo-
grammes of flue-cured tobacco worth
$655,3 million had been sold through
both the auction and contract systems
at an average price of $3,17 per kg.
The auction floors, which shut their
doors last Friday, saw a total of 50,4
million kgs worth $136 million. The
contract floors - which are still open
- had sold 156,1 million kgs of the
golden leaf worth $519 million as of
close of business yesterday.
Compared to the prior year, there has
been a 3,2 percent increase in volumes
sold and a 14 percent increase in terms
of value. Mop-up sales, to purchase
any tobacco remaining on farms, will
be held July 15. •
$655m tobacco sold as mop-up sales loom
able. He said the present value of the
country’s debt is 54 percent of the
gross domestic product while Zambia
is on 18 percent, Mozambique at 32
percent and Malawi at 43 percent.
The value of debt to exports stand at
157 percent whereas Zambia is at 27
percent, Mozambique at 97 percent
and Malawi at 60 percent. A look at
the value of debt to revenue showed
Zimbabwe stands at 186 percent,
Zambia at 68 percent, Mozambique at
122 percent and Malawi at 162 per-
cent.
“We compare ourselves to these coun-
tries but we are clearly not in the same
situation because we are under sanc-
tions which these countries are not
and we have a negative perception
against our country which they don’t
have.
“If we sort out our perception issues,
and we have sanctions lifted that
should mean a different situation for
us. These figures and the situation
show that our problems are not insur-
mountable,” he said. •
AGRICULTURE

3. 3 NEWS
By Lynn Murahwa
Zimbabwe needs a medium and
long-term average growth rate of 7
percent if the Government is to sig-
nificantly reduce poverty and improve
the standard of living, an expert has
said. African Institute for Agrarian
Studies (AIAS) executive director
Professor Sam Moyo said there was a
need for the country to boost its eco-
nomic growth in the long-run.
“To make significant progress in
reducing poverty Government will
have to sustain average growth rates
of about 7 percent and above in the
medium to long term and this will
require minimum investment rates of
25 percent of GDP,” said Moyo.
Moyo was speaking at the United
Nations Conference on Trade and
development (UNCTAD)'s launch of
the 'Economic Development in Africa
Report 2014' Thursday evening.
According the African Development
Bank's Zimbabwe Economic Outlook,
the country achieved an average
Gross Domestic Product growth rate
of 7,5 percent during the economic
rebound of 2009 - 2012. However
this is has tapered off over the last
couple of years, with various agen-
cies including the Government pro-
jecting between 2 and 4 percent GDP
growth. Moyo urged Government to
enhance investment channels.
Zimbabwe'sinvestmentratecurrently
stand at 14,8 percent of GDP, signif-
icantly below the required average
investment rate of at least 25 percent
of GDP. Despite the depressed eco-
nomic performance, the country has
seen a slight increase in the levels of
private sector investment.
There has been a marginal increase
in private sector investment rates
over the past two decades. Moyo said
this was a result of the resuscitation
of key parastatals mainly in the min-
ing, energy and telecommunications
sectors. “Investment rates during the
1990’s from the private sector were
around 12,7 percent and 7,6 percent
was from the public sector of GDP.
“Gross Capital Formation as a per-
centage of total GDP private sector
increased in the period 2000 to 13,4
percent, but the State remains stag-
nant. As a share of GDP the State's
share increased substantially and a
lot of this reflects to some extent not
only in the land reform but also the
re-emergence of key parastatals in
the mining sector as well as in energy
and telecommunications” he said.
Meanwhile, the Economic Develop-
ment in Africa Report 2014 shows
that although Africa has made some
progressinachievingthegoalssetout
in existing development frameworks,
overall the continent is yet to realise
the broad vision set in the Millennium
Development Goals (MDG). •
Zim requires 7 percent average growth rate
Professor Sam Moyo

4. BH24 Reporter
The cost of living as measured by
the Consumer Council of Zimba-
bwe’s low income urban earner
monthly basket for a family of six
marginally declined by 0,67 per-
cent from the May 2014 figure of
$592,97 to $588,97 by end of
June.
The decline will provide relief to
consumers who had to grapple with
a recent hike in medical fees that
consequently increased the cost of
living in May.
According to the CCZ, promotions
running at different supermarkets
resulted in a 2.80 percent decline
in the food basket which went down
from US$148.74 in May 2014 to
$144.57 in the period under review.
The price of detergents increased
by 17c from $10.23 to $10.40 due
to a 31c increase in the price of
washing powder from 89c to $1.20.
Other increases were recorded in
the price of onions which increased
by 38c from $1.07 per kg to $1.45
per kg. Tomatoes went up 13c from
80c to $1.07per kg while a 2kg
packet of rice increased by 5c from
$1.59 to $1.64. The price of flour
was up 2c from $1.87 in May to
$1.89 in June.
There were decreases in the price
of a 20kg of mealie-meal which
went down by $1.14 from $13.10
in May to $11.96.
Tea leaves went down 25c from
$1.85 to $1.60 and laundry bars by
19c from $1.19 to $1.00. The price
of cabbage decreased by 11c from
60c to 49c per head while beef was
down 11c from $4.10 to $3.99 per
kg in June. Cooking oil and sugar
went down 7c and 6c from $1.67 to
$1.60, and $1.85 to $1.79 respec-
tively. Salt decreased marginally
from 23c to 20c by the end of June.
The prices of the other basic com-
modities which include fuel, mar-
garine, fresh milk, bread and bath
soap remained unchanged from the
May figures. •
4 NEWS
Cost of living goes down marginally in June

5. BH24

6. By Funny Hudzerema
Travellers heading to Beitbridge will
take heart from a reduction in toll fees
at the border post following the recent
takeoveroftheNewLimpopoBridgeby
Government.
In terms of the new toll fees, informa-
tion contained in last week's Govern-
ment Gazette shows that motor cycles
will now pay $3, while motor vehicles
will pay $6.
Heavy vehicles will have to fork out
$17.
Previously, the tolls were as follows: 50
Rand ($4, 70) for motor cycles, (R100)
$9,45 for motor vehicles and R300
($27,25) for heavy vehicles.
Following the takeover,the Zimbabwe
National Roads Administration (Zinara)
was tasked to administer and monitor
the tolling.
Contacted for comment Zinara corpo-
rate communications manager Augus-
tine Moyo said the reduction in tolls
was "statutory issue" and the Ministry
of Transport and Infrastructural Devel-
opment was better placed to comment
on the matter.
Permanent secretary Munesu Munod-
awafa'smobilewasnotbeinganswered
by the time of going to publication.
The Government took over ownership
and operations of the New Limpopo
Bridge following the expiry of the
20-year Built Operate and Transfer
(BOT) agreement with the New Lim-
popo Bridge (Ltd), a company that
constructed the bridge in 1994.
Beitbridge Border Post is one of the
busiest ports of entry in Southern
Africa where an average of 8 000 trav-
ellers pass through the border per day
andthenumberincreasestoaround20
000 during peak periods.
Further a total of 2 100 buses, 14 000
to 15 000 haulage trucks and 25 000
private cars pass through the border
every month.
Speaking during the handover cere-
mony last month, the Minister of Trans-
port and Infrastructural Development
Obert Mpofu said revenue realised
from the toll fees at Beitbridge will be
directed towards the Beitbridge Bridge
Fund (BBF) for use in upgrading the
border post and various key infrastruc-
ture in the border town. •
6 Tourism
Toll fees lowered at Beitbridge
Beitbridge Border Post

7. BH24

8. AdM-DI156506-
BH24

9. CDE. JOSHUA NKOMO
a moral man, an archiever, a role model,
the hero who was all of these things and more
A moral man, who possessed an unbreached commitment to
reality and never indulged impulses.
An archiever, who attained ends that were objectively
life-promoting, fulfilling reality-conforming purposes and
making freedom possible for all.
A role model, a rational archiever, worthy of emulation.
“ Your legacy lives on; because legends never die”
BH24

10. TThe equities market maintained gains
for the third consecutive day to close
the week slightly higher after mixed
traded. The industrial index added 0,28
points to close at 187.44 points as for-
eign traders seem to have regained
confidence in the bourse.
8 industrial counters traded in the
positive compared to two in the red.
Among the industrials Zimplow led the
top risers moving 14.29 percent up to
trade at 8 cents.
Fidelity Life and TA Holdings added a
cent each to close at 9 cents each.
Gains were also recorded for cement
manufacturer PPC which moved up 5
cents to trade at 230 cents and DZLH
which was up 0.70 cents to trade at 11
cents. Bankers Barclays traded 4 per-
cent higher at 3.90 cents.
On the downside, two counters traded
in red as Meikles lost a cent to 18
cents and hotelier RTG retreated 0.10
cents to close at 1.10 cents. The total
value of trades stood at $1.02 million,
boosted by trades in beverages giant
Delta, telecoms powerhouse Econet
and Dairiboard. On a week on week
basis, the industrial index dropped
0.36 points compared to week ending
27 June 2014, having started the week
on a depressed note.
The mining index slipped 1.80 points
to close at 54.56 points after losses
in Bindura offset gains at RioZim and
Falgold.
Bindura was 0.20 cents lower to close
at 4.30 cents while Riozim gained a
cent to trade at 21 cents and Falgold
was 0.50 cents solid to close at 2 cents.
Hwange was unchanged at 5 cents.
The mining index was 7,15 points
lower than the previous trading week.
— BH24 Reporter •
10 ZSE REVIEW
Equities close week slightly higher

11. SPECIALISTS IN DRIVESHAFTS AND PROPSHAFTS, STEERING RACKS, BALL JOINTS, DRAGLINKS,
TIE ROD ENDS, CV JOINTS, TRANSMISSIONS, UNIVERSAL JOINTS, FLANGES, BEARINGS,
BUSHES, YOKES, GENERAL ENGINEERING, BELL SPARES, AIR BRAKES AND PNUEMATICS, SUPPLY
AND SERVICE EXCHANGE FOR COMPLETE AXLES, ENGINES AND GEARBOXES.
NATIONAL PROPSHAFTS CENTRE
No. 17033 CEDORA ROAD, P.O. BOX GT 1244,
GRANITESIDE, HARARE, ZIMBABWE.
Website: www.propshaftscenter.co.zw
TEL: 770638-43, 086 4406 8386
CELL: 0772 470665, 0712 204396,
086 44068386, 0712 749578
Email: sales@nationalpropshafts.co.zw
MUTARE PROPSHAFTS CENTRE
12 A RIVERSIDE DRIVE
P.O.BOX 1869, MUTARE, ZIMBABWE
Website: www.propshaftscenter.co.zw
Tel: 66084, 086 4406 8385, Fax: 68597
Cell: 0712 204396,
0772 715388, 0773 782502
Email: sales@mpc.co.zw, mpc@mweb.co.zw
BELL DIFFS
COMPRESSORS UNIVERSAL JOINTS
TA 1919 PUMPS, WATER PLATES &
DOUBLE BOSH PUMPS
MT643 TRANSMISSIONS
STEERING COUPLINGS
FOOT BRAKE & VALVESCENTRE BEARINGS
PROPSHAFTS SPARES
SPIDER BEARINGS
BOOSTERS
PROPSHAFT COUPLINGS
PROPSHAFTS & DRIVE SHAFTS
TRACK RODS &
DRAGLINKS
BH24

12. There has been a lot of debate on the
securitisation of Zimbabwe's minerals
over the past few months, but what
exactly is securitisation. According
to investopedia.com, securitisation
is basically the process of taking an
illiquid asset, or group of assets, and
through financial engineering, trans-
forming them into a security.
Securitisation. It's such a big word with
a big meaning. So what do we have
to say about it? Well, let's start with a
report that appeared on international
news agency Reuters yesterday talk-
ing about how "global banking and
market regulators will study whether
they should intervene to revive secu-
ritisation, a market that bundles loans
to raise funds and was tarnished in the
financial crisis."
That in itself is a red-flag.
But this should be a red-flag on that
part of the lender who holds the secu-
rities, because as Reuters reported
securitised debt based on poor quality
US mortgages became untradable in
2007,unleashingachainofeventsthat
led to the global markets meltdown.
However, there are significant down-
sides for the individual or entity that is
securitising their property.
This is especially important for Zim-
babwe to know since there have been
numerous calls from all directions for
the country to securitise its minerals in
a bid to access funding for the econ-
omy. First, say Zimbabwe does use its
untapped minerals to access funding
for industry and the economy in gen-
eral, will the economy eventually per-
form (or perform in time) to repay the
debts?
Because as we all know collateral is
always much more valuable than the
loan it secures.
It is foolhardy to believe that a loan can
ever be of parallel value to collateral.
Whichever way if we fail to repay a
securitised loan we end up as the big-
gest losers.
Second, before any securitisation
of minerals is done the country will
need to carry out expansive (and do
we mention 'costly'?) exploration and
prospecting to amass detailed data on
its stock of mineral reserves.
If Government is presently failing to
access funding for infrastructure pro-
jects and for re-capitalisation of indus-
try, why would anyone think that it will
be easy for the same Government to
access funding to institute a wide-scale
exploration project?
Such a wide-scale minerals explora-
tion initiative would take longer and be
more strenuous than, say, improving
the local investment climate to pull in
more foreign direct investment.
Increased levels of FDI will surely go
a long way in liquidating the economy
and funding key economic projects.
Third, what experience or expertise
does Zimbabwe have in securitisation
of untapped resources?
It is therefore commendable that
Finance Minister Patrick Chinamasa
earlier this week came out saying that
Zimbabwe will not be pressured into
securitising foreign loans using the
country's minerals. •
12 BH24 COMMENT
Securitisation of minerals: a risky business

13. BH24

14. Namibia, which produces the
world’s highest quality diamonds
from the floor of the Atlantic
Ocean, is negotiating to sell some
of the gems separately from an
agreement it has with Anglo Amer-
ican Plc’s De Beers unit.
The government is setting up a
company to sell part of the dia-
monds mined by Namdeb Diamond
Corp., the joint-venture it owns
equally with De Beers, Mines and
Energy Minister Isak Katali said
in a telephone interview from the
capital, Windhoek, Thursday. The
project, emulating an initiative by
neighboring Botswana, depends
on a deal with De Beers, he said.
“For the company to operate,
there has to be an agreement with
De Beers,” said Katali, adding that
Namibia won’t initially want to
market 50 percent of Namdeb’s
production. “We are being guided
by the Botswana example.”
Botswana’s Okavanago Diamond
Comapny started selling 13 per-
cent of the country’s gems in
December, after De Beers agreed
to a new 10-year marketing pact.
Namibia expects negotiations
on setting up the new diamond
company to be completed by
December, said Katali. The Orange
River formed the world’s richest
marine-diamond deposit by lay-
ing down an estimated 80 million
carats of gems off the coast of
Namibia. Namibia is also rene-
gotiating its diamond-marketing
agreement with De Beers, which
expired in December.
Price Target
Namdeb is seeking technology to
mine deposits trapped in gulleys at
depths of as much as 50 meters
to extend operations beyond 2050,
De Beers said in April. About two-
thirds of the company’s 1.76 mil-
lion-carat output last year came
from marine-mining operations.
De Beers is overhauling how it
sells diamonds by picking cus-
tomers based on their financial
strength and track records as buy-
ers at earlier offerings. The com-
pany has sought to increase prices
to meet parent Anglo American’s
target for returns. A London-based
spokesman for De Beers declined
to comment.
Botswana is the world’s biggest
diamond producer. ― Bloomberg
•
14 REGIONAL News
Namibia says in talks to sell diamonds separately from De Beers
enjoy the CAIO ride!

15. BH24

16. 16 DIARY OF EVENTS
The black arrow indicate level of load shedding across the country.
POWER GENERATION STATS
Gen Station
1 July 2014
Energy
(Megawatts)
Hwange 398 MW
Kariba 750 MW
Harare 40 MW
Munyati 29 MW
Bulawayo 20 MW
Imports 109 MW
Total 1346 MW
16 July - Mobile Markets & Telecoms Forum Conference & Exhibition, Place: Holiday Inn (Harare),
Time: 8:00am
23 -25 July - Mine Entra, Place: Zimbabwe International Exhibition Centre, Bulawayo
24 July - OK Zimbabwe Thirteenth Annual General Meeting Place: OKMart Functions Room, First
Floor, OKMart, 30 Chiremba Road, Hillside, Time: 15:00 hours.
THE BH24 DIARY

17. BH24

18. 18 zse
ZSE
Movers CHANGE Today Price USc SHAKERS Change TODAY Price USc
Falgold 33.33% 2.00 RTG -8.33% 1.10
Zimplow 14.29% 8.00 Meikles -5.26% 18.00
Powerspeed 13.33% 1.70 BNC -4.44% 4.30
Fidelity 12.50% 9.00
TA 12.50% 9.00
Dairibord 6.80% 11.00
RioZim 5.00% 21.00
Barclays 4.00% 3.90
Mash 3.31% 2.50
PPC 2.22% 230.00
Indices
Index Previous Today Move Change
Industrial 187.16 187.44 +0.28 points +0.15%
Mining 56.36 54.56 -1.80 points 3.19%
Stocks Exchange

19. BH24

20. 20 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 2,352.45 +6.43 +0.27% 27June
Kenya 4,885.09 +51.07 +1.06% 30June
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 42,482.49 +714.93 +1.71% 30June
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 186.56 -0.52 -0.28% 30June
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 —"I don't know
the key to success, but the
key to failure is trying to
please everybody." - Bill
Cosby
Globalshareholder.com

21. BH24

22. Russian natural gas flows to the Euro-
pean Union through Slovakia via
Ukraine were running normally on Fri-
day morning, Slovak pipeline operator
Eustream said.
Russia cut gas supplies to Ukraine on
June 16 in a dispute over unpaid bills
but has continued to supply gas which
Ukraine sends on to Russia's clients. -
Reuters •
22 INTERNATIONAL NEWS
Russian gas flows via Ukraine to EU normal on Friday
Dollar heads for weekly gain as jobs spur Fed rate bets
The dollar headed for a weekly gain
versus most of its Group of 10 peers
as signs of an accelerating U.S. recov-
ery spurred speculation the Federal
Reserve will bring forward the timing of
interest-rate increases.
The greenback traded about 0.2 per-
cent from a two-week high against the
yen after nonfarm payrolls rose more
than economists estimated and the
unemployment rate fell to an almost
six-year low. The euro held a three-
day decline as a report showed factory
orders in Germany dropped more than
estimated. The ringgit climbed to its
highest since November on bets rates
will rise. Expectations for currency
swings plunged to a record low.
“The payrolls report confirmed that
from a macroeconomic perspective the
U.S economy is growing,” said Yasuhiro
Kaizaki, a vice president for global mar-
kets in New York at Sumitomo Mitsui
Trust Bank. “Based on fundamentals,
recent dollar buying should continue.”
The U.S. currency fell 0.2 percent
to 102.03 yen at 7:10 a.m. in Lon-
don from yesterday, when it touched
102.27, the most since June 18.
It fetched $1.3601 per euro from
$1.3610. For the week, the greenback
has risen 0.6 percent against the yen
and 0.4 percent versus the euro. The
18-nation euro weakened 0.2 percent
to 138.78 yen, though it’s still up 0.3
percent since June 27.
The Bloomberg Dollar Spot Index,
which tracks the greenback against
10 major peers, was little changed at
1,006.82 from yesterday, when it rose
0.2 percent to 1,007.05. ─ Bloomb-
erg •

23. An opportunity has arisen to enable HelpAge Zimbabwe to facilitate the
implementation of the Rural WASH project, to improve water, sanitation and hygiene
in Bubi District
1. Carry out an assessment of the WASH related health risks and needs within - General Bookkeeping- Cash book and petty cash management
the targeted population and make recommendations for actions which are - Order and control office stationery
consistent with agreed guidelines and protocols. - Liaise with project staff in procurement and maintenance of project stocks
2. In conjunction with the local authority and relevant government departments records
make recommendations regarding HelpAge Zimbabwe response to unmet - Preparation of Donor Financial reports
needs. - Bank reconciliations
3. Facilitate the implementation of SafPHHE in conjunction with the WASH - Filing all office documents
officer and/or other stakeholders. - Financial and programmes reports, vouchers, program and office meetings
4. Involve affected populations in assessment of the situation and in planning minutes
activities and the design of water and sanitation facilities. - Monitoring and securing adherence to organization and donor administrative
5. Identification and training of ward based SafPHHE facilitators and health club processes
facilitators. - General Office Administration
6. Write regular reports adhering to HelpAge Zimbabwe and donor reporting
formats as required.
- Degree in Accounting or equivalency and/or accounting
- Computer knowledge
1. Degree in Environmental Science or other relevant qualification
- Knowledge in Pastel/accounting package
2. Knowledge of public health and one or more other relevant areas (e.g. health
- Skills to manage own work and meet deadlines
promotion, community development, education, community water supply).
- Clean Class 4 driver's licence
3. The post holder should have at least two years` practical experience in
appropriate community health programmes.
4. Experience and understanding of community mobilisation in relation to water
Send CV and an application letter to info@helpage.co.zwand sanitation activities.
Deadline for application 30th June, 2014.5. Sensitivity to the needs and priorities of disadvantaged populations.
6. Demonstrated experience of integrating gender and diversity issues into
public health promotion.
7. Good oral and written reporting skills.
8. Good communication skills and ability to work well in a team.
9. Ability to work well under pressure and in response to changing needs.
10. Ability to travel at short notice and to work under difficult circumstances
11. Good written and spoken English and Ndebele are essential.
2. Vacancy: Administration Assistant
Station: Bubi District
Key Result Areas Job Description
Qualifications and Person Specification
SKILLS AND COMPETENCIES
To Apply
- 2 years` experience in office administration
1. Vacancy: Participatory Health and Hygiene Education Officer
TLM-DI159207-T26
Two vacancies have arisen in HelpAge Zimbabwe.
BH24

24. ....continued from yesterday
The Assembly, while considering the
Report of the High Level Committee
on African Trade (HATC), directed the
AU Commission to prepare Draft Terms
of Reference of the Continental Free
Trade Area (CFTA) Negotiating Forum
based on best practices in the regional
economic communities (RECs)/Tripar-
tite, refined draft Guiding Objectives
and Principles as well as Institutional
Arrangements to be submitted to the
next AU Trade Ministerial Conference
for consideration, along with other
negotiation-related issues, and subse-
quent endorsement by the Assembly
in January 2015 so as to facilitate the
effective launching of the CFTA negoti-
ations in June/July 2015.
In this regard, the Assembly called
upon Member States to maintain the
momentum to fast track the estab-
lishment of the Continental Free Trade
Area (CFTA) as scheduled by providing
the necessary financial and technical
resources at national, regional and
continental levels.
On the UN Reforms, the Assembly con-
sidered the Report of the Committee
of Ten on that issue, and endorsed its
recommendations,notablyheedingthe
call for Africa to speak with one voice
on this crucial matter, for it to be ade-
quately represented in the UN system,
and for the intensification of efforts
towards building alliances with diverse
interest groups engaged in intergov-
ernmental negotiations, with a view to
gathering support of the African Com-
mon Position.
On climate change, the Assembly con-
sidered the Report of the Committee of
AfricanheadsofStateandGovernment
on Climate Change (CAHOSSC) and
endorsed the Framework Work pro-
gramme on Climate Change Action in
Africa as a continental framework that
willguidetheAfricanUnion,itsMember
States and the RECs in addressing cli-
mate change in the near future.
It further reaffirmed that adaptation
is a priority in all actions on Climate
Change in Africa. In this regard, the
Assembly urged all Member States to
urgently complete the development of
their National Adaptation Plans (NAPs),
and put in place systems and struc-
tures for Africa to take full advantage
of the global mechanisms in support of
climate change mitigation and adapta-
tion measures. The Assembly moreo-
ver took note of the global events on
climate change to be convened by the
UN Secretary General in the months
ahead, notably in New York on 23
September 2014 and in Lima, Peru in
December 2014.
The decision was made that the Thir-
ty-First Ordinary Session of the Assem-
bly of Heads of State and Government
of the Union will be held in Dakar in
June/July 2018 following an offer by
the Republic of Senegal to host it.
The Conference of Ministers in charge
of Information and Communication
Technologies (ICTs) and the Confer-
ence of Ministers of Communication,
with the participation of national and
international regulatory entities for
the broadcasting sector, were directed
to take up the issue of migration from
24 Analysis
23rd Ordinary Session of the African Union resolutions

25. 25 Analysis
analogue radio/television broadcasting
to digital transmission, and to work in
concert to protect the interest of the
public broadcasting services of the AU
Member States. The Commission, in
collaboration with the African Union of
Broadcasting and the African Telecom-
munication Union (ATU) was requested
to expeditiously establish an African
Technical Committee for the Informa-
tion and Media Society, to accompany
Member States in their transition to full
digital broadcasting, while at the same
time stimulating economic recovery in
Africa.
The offer by Togo to host a Regional
Conference on Maritime Piracy and
other Criminal Acts Committed at Sea
was welcomed and as such, Member
States and their appropriate Adminis-
trations, Regional Economic Communi-
ties and Regional Mechanisms, African
and International Institutions specializ-
ing in maritime and related activities,
as well as development partners, were
encouraged to participate actively in
the Conference when it is convened.
The mandate of the African Union
Commission of Inquiry on South
Sudan (AUCISS) was extended for an
additional three (3) months in order to
enable it complete its work.
Regarding the Report of the Peace and
Security Council (PSC) and the State of
Peace and Security on the continent,
theAssemblycalledforrenewedefforts
by the AU Member States and the
Commission, as well as by the Regional
Economic Communities/Regional
Mechanisms for Conflict Prevention,
Management and Resolution (RECs/
RMs) towards achieving the objective
of a conflict-free Africa by 2020, as
provided for by the Solemn Declaration
adopted at its 21st Ordinary Session
held in Addis Ababa, on 25 May 2013.
At the same time, the Assembly wel-
comed the continued progress in
post-conflict reconstruction and devel-
opment and peace building processes
in the Comoros, Côte d'Ivoire and
Liberia. It expressed satisfaction at the
continued positive evolution of the situ-
ation in Madagascar.
The Assembly welcomed the comple-
tion of the transition and restoration of
constitutional order in Guinea-Bissau
following the presidential and legisla-
tive elections held on 13 April and 18
May 2014, and the resumption of the
participation of Guinea-Bissau in AU's
activities, following the decision taken
by the PSC at its 442nd meeting held
on 17 June 2014.
It further welcomed the restoration of
constitutional order in Egypt following
the constitutional referendum and the
presidential election held in January
and May 2014, respectively and noted,
with satisfaction, the resumption by
Egypt of its participation in AU's activ-
ities. The positive developments that
have taken place in Somalia were wel-
comed by the Assembly.
Concerns were raised at the prevailing
situation in Libya and its impact on the
conduct of the on-going transition and
the cohesion of the country, as well as
on regional security and stability.
The cowardly kidnapping by Boko
Haram of over two hundred young
girls in northern Nigeria elicited outrage
from the Heads of State and Govern-
ment who also welcomed the on-going
AU efforts to address the scourge of
terrorism, notably through the cooper-
ative mechanisms being implemented
by the African Centre on the Study
and Research on Terrorism (ACSRT),
the Nouakchott Process, the Regional
Cooperation Initiative for the Elimina-
tion of the LRA.
It hailed the AMISOM achievements
in Somalia. For each of these issues,
the Assembly recognised efforts being
exerted to resolve them and made fur-
therrecommendationstowardsconsol-
idation of gains.
Heads of State and Government at the
Malabo Summit also adopted some
declarations related to accelerated
agricultural growth and transformation
for shared prosperity and improved
livelihoods; ending preventable child
and maternal deaths in Africa; sup-
port of small island developing states
ahead of the third international confer-
ence on small island developing states;
and nutrition security for inclusive eco-
nomic growth and sustainable devel-
opment in Africa. The Assembly also
adopted a Resolution calling for the lift-
ing of embargo of the USA against the
Republic of Cuba.
Finally, the Assembly agreed to hold its
24th Ordinary Session at the AU Head-
quarters in Addis Ababa, Ethiopia, on
30-31 January 2014 under the theme:
“Year of Women’s Empowerment and
Development towards Africa’s Agenda
2063”. ― AU •