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.
The document discusses how Nigeria can diversify its economy and financial system to lift itself out of recession. It argues that merely diversifying government revenue is inadequate and that Nigeria must officially adopt Islamic finance by amending relevant acts and promoting Islamic banking departments. Embracing Islamic finance would allow entrepreneurship to thrive and address issues like high interest rates and non-performing loans fueling economic problems. Several examples of countries that successfully diversified their financial systems and economies through Islamic finance are provided, including Malaysia, the UK, US, Canada, and South Africa. The document advocates for Nigeria to similarly adopt dual conventional and Islamic banking systems to support economic growth and development.
Economic report: The Commonwealth of the BahamasAnh Ho
The document provides an economic report on the Commonwealth of the Bahamas. It discusses the Bahamas' heavy reliance on tourism and financial services, which account for 96% of GDP. The economy experienced growth until the late 2000s but was negatively impacted by the global economic downturn in 2008. The government faces challenges of increasing fiscal debt, a narrow revenue stream, and budget deficits. It has proposed introducing a value-added tax and other tax reforms to improve government finances. The report also analyzes monetary and fiscal policy options for stimulating economic growth in the Bahamas.
A digital copy of the BH24 (04 January 2016 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.
The document provides an economic summary and outlook for Nigeria in July 2016. It notes that June saw signs of economic inflection in Nigeria, including the disappearance of fuel queues, a rise in the oil price, and monetary policy reforms by the Central Bank of Nigeria. However, GDP growth is still estimated to be negative for the full year. The outlook is positive but painful as Nigeria stumbles into economic reforms, with the exchange rate expected to find a new equilibrium around N295-N310 per dollar. Winners in the stock market will be companies able to source raw materials internationally and leverage parent companies.
Govt to incentivize rand usage in local tourism sector: Minister MzembiZimpapers Group (1980)
A digital copy of the BH24 (11 January 2016 edition). Zimbabwe's premier business news free sheet published by the Zimpapers Newspapers Group (1980) Limited and available every week day from 15:30hrs to give a summary of the day's business news.
This document provides an analysis of Zimbabwe's recent economic slowdown. It discusses factors such as low government expenditure, a shrinking consumer spending capacity due to job losses and high debt, stagnant investment growth, and a widening trade deficit. While the economy has faced challenges, the document also points to positive long-term factors such as a young and educated population, developing infrastructure, and urbanization that could support future growth in Zimbabwe. Recommendations are made to address current economic issues.
A digital copy of the Business News 24 (25 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.
The document discusses how Nigeria can diversify its economy and financial system to lift itself out of recession. It argues that merely diversifying government revenue is inadequate and that Nigeria must officially adopt Islamic finance by amending relevant acts and promoting Islamic banking departments. Embracing Islamic finance would allow entrepreneurship to thrive and address issues like high interest rates and non-performing loans fueling economic problems. Several examples of countries that successfully diversified their financial systems and economies through Islamic finance are provided, including Malaysia, the UK, US, Canada, and South Africa. The document advocates for Nigeria to similarly adopt dual conventional and Islamic banking systems to support economic growth and development.
Economic report: The Commonwealth of the BahamasAnh Ho
The document provides an economic report on the Commonwealth of the Bahamas. It discusses the Bahamas' heavy reliance on tourism and financial services, which account for 96% of GDP. The economy experienced growth until the late 2000s but was negatively impacted by the global economic downturn in 2008. The government faces challenges of increasing fiscal debt, a narrow revenue stream, and budget deficits. It has proposed introducing a value-added tax and other tax reforms to improve government finances. The report also analyzes monetary and fiscal policy options for stimulating economic growth in the Bahamas.
A digital copy of the BH24 (04 January 2016 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.
The document provides an economic summary and outlook for Nigeria in July 2016. It notes that June saw signs of economic inflection in Nigeria, including the disappearance of fuel queues, a rise in the oil price, and monetary policy reforms by the Central Bank of Nigeria. However, GDP growth is still estimated to be negative for the full year. The outlook is positive but painful as Nigeria stumbles into economic reforms, with the exchange rate expected to find a new equilibrium around N295-N310 per dollar. Winners in the stock market will be companies able to source raw materials internationally and leverage parent companies.
Govt to incentivize rand usage in local tourism sector: Minister MzembiZimpapers Group (1980)
A digital copy of the BH24 (11 January 2016 edition). Zimbabwe's premier business news free sheet published by the Zimpapers Newspapers Group (1980) Limited and available every week day from 15:30hrs to give a summary of the day's business news.
This document provides an analysis of Zimbabwe's recent economic slowdown. It discusses factors such as low government expenditure, a shrinking consumer spending capacity due to job losses and high debt, stagnant investment growth, and a widening trade deficit. While the economy has faced challenges, the document also points to positive long-term factors such as a young and educated population, developing infrastructure, and urbanization that could support future growth in Zimbabwe. Recommendations are made to address current economic issues.
A digital copy of the Business News 24 (25 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.
Are you better off than when the JLP left office?Audley Shaw
The document is a speech criticizing the People's National Party (PNP) government of Jamaica for spreading misinformation about the economy. It makes several key points:
1) When the PNP took office in 2012, they inherited an economy that was growing again after the global recession, but they presided over 6 consecutive quarters of negative economic growth.
2) Several tax revenue categories are underperforming budget expectations and lower than the previous year, pointing to weaknesses in the economy.
3) Inflation is 30% higher and the exchange rate is unstable compared to when the previous administration left office, reducing people's purchasing power.
4) Contrary to claims, government debt has increased 21
The political environment can positively or negatively impact businesses depending on the prevailing situation in a country. Democratic countries tend to be better for business as elected governments implement policies in citizens' interests, while dictatorships bring instability and uncertainty. A stable political situation attracts more investment. Politicians control trade policies and relations, so good terms between businesses and politicians can facilitate success. The rules and regulations governing trade are determined by politicians.
The document analyzes the revenue and spending proposals of Ontario's three main political parties. It finds that the Progressive Conservatives plan to stimulate investment through corporate tax cuts and generate transit funding through interest income. The NDP aims to increase revenue from tax loopholes and higher corporate taxes to fund jobs credits and transit. The Liberals propose a new pension plan tax, gas tax, and corporate taxes to fund transit while limiting expense growth through public sector wage freezes.
The call amendment en route to the cost out of the archdiocese is expected on present among Awesome. Cram Minister explained that the brevity is increasingly necessary en route to increase the deficit, which will abide stimulated Roger than absenting spending, which would be found cold, further stifle appliance and propensity to invest.
Zimasset revisited from the diaspora perspectiveJosh Chigwangwa
1) The document discusses Zimbabwe's economic development plan called ZimAsset and argues it should better incorporate the role of the Zimbabwean diaspora.
2) It notes that diaspora remittances are a major source of foreign currency for Zimbabwe and that most remittances are through informal channels.
3) It recommends establishing an institutional framework to better understand and utilize diaspora remittances to support economic growth, including collecting data and channeling funds through the financial system.
This presentation provides an overview of the agency’s most recent budget and economic projections, which incorporate the assumption that current laws governing taxes and spending generally remain unchanged. In those projections, federal debt held by the public grows sharply over the next 30 years, reaching unprecedented levels. The presentation also includes a discussion of the effects of the 2017 tax act and recent changes to federal spending policy on the projections. In addition, the presentation touches on budgetary outcomes under scenarios that include future changes to current law.
Presentation by John McClelland, CBO’s Assistant Director for Tax Analysis, at the International Tax Policy Forum.
Why value addition is an urgent issue in Zim's agricultural sectorZimpapers Group (1980)
A digital copy of the Business News 24 (3 June 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
Identify actions and decisions that the present governmentNaimaAshraf
Nawaz Sharif's victory in the 2013 elections boosted civilian control over the military in Pakistan's government. However, the military and civilian authorities will continue to struggle for power as the country deals with terrorism, violence, and insurgencies near the Afghanistan border. Corruption is widespread at all levels of government and politics in Pakistan. Property rights are not effectively protected and the legal system performs poorly. Starting a business takes an average of 21 days but licensing costs almost twice the average annual income.
Liberal Party of Canada – Election promises - September 2017paul young cpa, cga
- This document provides a summary of election promises made by the Liberal Party of Canada and an analysis of their fulfillment of these promises since forming the government in 2015.
- Key areas discussed include the economy, taxes, deficits, transparency, and policies impacting small businesses and immigration. It is argued that many promises have been broken or delayed, such as tax cuts for the middle class, and policies have increased taxes rather than lowered them. Deficits have been larger than promised due to lower GDP growth.
- Sources are provided for further details on specific policies and claims.
The document summarizes the failures and corruption of the Indian government under Prime Minister Manmohan Singh and the United Progressive Alliance (UPA) from 2004 to 2014. It notes that Singh worked more like a CEO taking orders from Sonia and Rahul Gandhi rather than as an independent leader. Major issues that arose included a decline in economic growth, high inflation, numerous major corruption scams, failure to address poverty, neglect of national security issues both internal and at the borders, foreign policy failures, neglect of development in the North-East, failures in education and healthcare, undermining of democratic institutions, and failure to fulfill promises made in the 2009 election manifesto. Overall the document portrays the UPA decade as one of
Complementing the annual Political Risk Map, Aon’s political risk newsletter is developed in partnership with Roubini Global Economics, an independent, global research firm originally founded in 2004 by renowned economist Nouriel Roubini. The newsletter is released on a quarterly basis and provides insight into levels and types of Political Risk in non-EU and -OECD countries.
This summary provides an overview of country risk ratings changes in Q2 2016 based on Aon's political risk newsletter. Two countries saw improvements - Argentina was upgraded from high to medium-high risk and Guinea Conakry improved from very high to high risk. Comoros saw a deterioration from medium-high to high risk. Signs of reduced populism in Latin America, like leadership changes in Argentina and Brazil, may improve political and economic conditions going forward, according to the analysis.
Ontario Budget 2017: The Road to Election 2018Edelman
Edelman Canada shares insights on the Ontario Budget Update, highlighting keys aspects of the Provincial Budget tabled at Queen’s Park. To learn more about Edelman Canada, please visit www.edelman.ca.
Tanzania Private Equity Update is a monthly publication highlighting the growth and development of private equity and venture capital industry in Tanzania
Mid Term Elections & Commercial Real Estatekottmeier
The 2010 mid-term elections resulted in Republican control of the House while Democrats retained the presidency, dividing government. This document discusses several implications for commercial real estate, including that a divided government may delay decisions around fiscal stimulus and employment, prolonging recovery in real estate markets. Additionally, debates around tax cuts, federal spending, healthcare reform, and financial reform could impact demand for office and medical space. While employment is slowly improving, decisions made by Congress will influence future projections and commercial real estate demand over the next 5 years is estimated at 550-925 million square feet of office space.
Where's the Money? State and Local Government Finance Forecast - Outlook 2015Jon Yoffie
"IT’S NOT DOING MORE WITH LESS, IT’S DOING MORE WITH THE SAME." Governing Publisher Mark Funkhouser coined this one in the "Where’s the Money?" briefing on state and local government revenues and budgets. State and local government revenues are up 3.3% overall, but spending next year will be a bit below the pre-Recession peak, and long-term growth rates are going to be lower than projected long-term liabilities (pensions, government retiree healthcare, Medicaid, etc.), even as federal-to-state and state-to-local funds decline. So while we’ve moved beyond doing more with less, the bottom line is still (and for the foreseeable future will be) the bottom line. Finding ways to cut costs, increase efficiencies and fund programs with creative revenue-generating or private-sector partnership solutions will be paramount.
The document provides an overview of the Vietnam economy including its population, economic sectors, labor market, GDP growth, inflation, international trade, government budget, interest rates, and lending rates. It notes that Vietnam has a population of around 8.5 billion people concentrated in major urban areas. The economy has primary, secondary, and tertiary sectors and the unemployment rate was last reported at 4.3% in 2012.
Hutech International Group - Company Profile (Jan 2016)Celeste A B Smith
Hutech is a South African company committed to remaining at the forefront of the employment industry. It has a network of over 80 small businesses that find candidates to fill employment needs across industries. Hutech also provides human resources services like recruitment, training, and consulting to both large companies and small businesses. This document outlines Hutech's services and business model of partnering with small enterprises to fulfill staffing needs nationwide while also developing those businesses.
This document provides an initiation of coverage report on Dominion Diamond Corp. and Lucara Diamond Corp., two Canadian diamond producers. It finds that they represent opposite ends of the spectrum. Dominion operates mature diamond mines in Canada's Northwest Territories that will deplete reserves in 8 years without extensions. Lucara recently began production from its high-margin Karowe mine in Botswana, which has consistently recovered large, high-value diamonds and has a 13-year reserve life. The report initiates coverage on both with "Buy" ratings, citing Dominion's potential if an extension project is approved, and Lucara's opportunities for growth through acquisitions.
Are you better off than when the JLP left office?Audley Shaw
The document is a speech criticizing the People's National Party (PNP) government of Jamaica for spreading misinformation about the economy. It makes several key points:
1) When the PNP took office in 2012, they inherited an economy that was growing again after the global recession, but they presided over 6 consecutive quarters of negative economic growth.
2) Several tax revenue categories are underperforming budget expectations and lower than the previous year, pointing to weaknesses in the economy.
3) Inflation is 30% higher and the exchange rate is unstable compared to when the previous administration left office, reducing people's purchasing power.
4) Contrary to claims, government debt has increased 21
The political environment can positively or negatively impact businesses depending on the prevailing situation in a country. Democratic countries tend to be better for business as elected governments implement policies in citizens' interests, while dictatorships bring instability and uncertainty. A stable political situation attracts more investment. Politicians control trade policies and relations, so good terms between businesses and politicians can facilitate success. The rules and regulations governing trade are determined by politicians.
The document analyzes the revenue and spending proposals of Ontario's three main political parties. It finds that the Progressive Conservatives plan to stimulate investment through corporate tax cuts and generate transit funding through interest income. The NDP aims to increase revenue from tax loopholes and higher corporate taxes to fund jobs credits and transit. The Liberals propose a new pension plan tax, gas tax, and corporate taxes to fund transit while limiting expense growth through public sector wage freezes.
The call amendment en route to the cost out of the archdiocese is expected on present among Awesome. Cram Minister explained that the brevity is increasingly necessary en route to increase the deficit, which will abide stimulated Roger than absenting spending, which would be found cold, further stifle appliance and propensity to invest.
Zimasset revisited from the diaspora perspectiveJosh Chigwangwa
1) The document discusses Zimbabwe's economic development plan called ZimAsset and argues it should better incorporate the role of the Zimbabwean diaspora.
2) It notes that diaspora remittances are a major source of foreign currency for Zimbabwe and that most remittances are through informal channels.
3) It recommends establishing an institutional framework to better understand and utilize diaspora remittances to support economic growth, including collecting data and channeling funds through the financial system.
This presentation provides an overview of the agency’s most recent budget and economic projections, which incorporate the assumption that current laws governing taxes and spending generally remain unchanged. In those projections, federal debt held by the public grows sharply over the next 30 years, reaching unprecedented levels. The presentation also includes a discussion of the effects of the 2017 tax act and recent changes to federal spending policy on the projections. In addition, the presentation touches on budgetary outcomes under scenarios that include future changes to current law.
Presentation by John McClelland, CBO’s Assistant Director for Tax Analysis, at the International Tax Policy Forum.
Why value addition is an urgent issue in Zim's agricultural sectorZimpapers Group (1980)
A digital copy of the Business News 24 (3 June 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
Identify actions and decisions that the present governmentNaimaAshraf
Nawaz Sharif's victory in the 2013 elections boosted civilian control over the military in Pakistan's government. However, the military and civilian authorities will continue to struggle for power as the country deals with terrorism, violence, and insurgencies near the Afghanistan border. Corruption is widespread at all levels of government and politics in Pakistan. Property rights are not effectively protected and the legal system performs poorly. Starting a business takes an average of 21 days but licensing costs almost twice the average annual income.
Liberal Party of Canada – Election promises - September 2017paul young cpa, cga
- This document provides a summary of election promises made by the Liberal Party of Canada and an analysis of their fulfillment of these promises since forming the government in 2015.
- Key areas discussed include the economy, taxes, deficits, transparency, and policies impacting small businesses and immigration. It is argued that many promises have been broken or delayed, such as tax cuts for the middle class, and policies have increased taxes rather than lowered them. Deficits have been larger than promised due to lower GDP growth.
- Sources are provided for further details on specific policies and claims.
The document summarizes the failures and corruption of the Indian government under Prime Minister Manmohan Singh and the United Progressive Alliance (UPA) from 2004 to 2014. It notes that Singh worked more like a CEO taking orders from Sonia and Rahul Gandhi rather than as an independent leader. Major issues that arose included a decline in economic growth, high inflation, numerous major corruption scams, failure to address poverty, neglect of national security issues both internal and at the borders, foreign policy failures, neglect of development in the North-East, failures in education and healthcare, undermining of democratic institutions, and failure to fulfill promises made in the 2009 election manifesto. Overall the document portrays the UPA decade as one of
Complementing the annual Political Risk Map, Aon’s political risk newsletter is developed in partnership with Roubini Global Economics, an independent, global research firm originally founded in 2004 by renowned economist Nouriel Roubini. The newsletter is released on a quarterly basis and provides insight into levels and types of Political Risk in non-EU and -OECD countries.
This summary provides an overview of country risk ratings changes in Q2 2016 based on Aon's political risk newsletter. Two countries saw improvements - Argentina was upgraded from high to medium-high risk and Guinea Conakry improved from very high to high risk. Comoros saw a deterioration from medium-high to high risk. Signs of reduced populism in Latin America, like leadership changes in Argentina and Brazil, may improve political and economic conditions going forward, according to the analysis.
Ontario Budget 2017: The Road to Election 2018Edelman
Edelman Canada shares insights on the Ontario Budget Update, highlighting keys aspects of the Provincial Budget tabled at Queen’s Park. To learn more about Edelman Canada, please visit www.edelman.ca.
Tanzania Private Equity Update is a monthly publication highlighting the growth and development of private equity and venture capital industry in Tanzania
Mid Term Elections & Commercial Real Estatekottmeier
The 2010 mid-term elections resulted in Republican control of the House while Democrats retained the presidency, dividing government. This document discusses several implications for commercial real estate, including that a divided government may delay decisions around fiscal stimulus and employment, prolonging recovery in real estate markets. Additionally, debates around tax cuts, federal spending, healthcare reform, and financial reform could impact demand for office and medical space. While employment is slowly improving, decisions made by Congress will influence future projections and commercial real estate demand over the next 5 years is estimated at 550-925 million square feet of office space.
Where's the Money? State and Local Government Finance Forecast - Outlook 2015Jon Yoffie
"IT’S NOT DOING MORE WITH LESS, IT’S DOING MORE WITH THE SAME." Governing Publisher Mark Funkhouser coined this one in the "Where’s the Money?" briefing on state and local government revenues and budgets. State and local government revenues are up 3.3% overall, but spending next year will be a bit below the pre-Recession peak, and long-term growth rates are going to be lower than projected long-term liabilities (pensions, government retiree healthcare, Medicaid, etc.), even as federal-to-state and state-to-local funds decline. So while we’ve moved beyond doing more with less, the bottom line is still (and for the foreseeable future will be) the bottom line. Finding ways to cut costs, increase efficiencies and fund programs with creative revenue-generating or private-sector partnership solutions will be paramount.
The document provides an overview of the Vietnam economy including its population, economic sectors, labor market, GDP growth, inflation, international trade, government budget, interest rates, and lending rates. It notes that Vietnam has a population of around 8.5 billion people concentrated in major urban areas. The economy has primary, secondary, and tertiary sectors and the unemployment rate was last reported at 4.3% in 2012.
Hutech International Group - Company Profile (Jan 2016)Celeste A B Smith
Hutech is a South African company committed to remaining at the forefront of the employment industry. It has a network of over 80 small businesses that find candidates to fill employment needs across industries. Hutech also provides human resources services like recruitment, training, and consulting to both large companies and small businesses. This document outlines Hutech's services and business model of partnering with small enterprises to fulfill staffing needs nationwide while also developing those businesses.
This document provides an initiation of coverage report on Dominion Diamond Corp. and Lucara Diamond Corp., two Canadian diamond producers. It finds that they represent opposite ends of the spectrum. Dominion operates mature diamond mines in Canada's Northwest Territories that will deplete reserves in 8 years without extensions. Lucara recently began production from its high-margin Karowe mine in Botswana, which has consistently recovered large, high-value diamonds and has a 13-year reserve life. The report initiates coverage on both with "Buy" ratings, citing Dominion's potential if an extension project is approved, and Lucara's opportunities for growth through acquisitions.
Moses Alex Akuje is a qualified Heavy Plant Mechanic with over 15 years of experience working for Komatsu Botswana as a Product Support Sales Representative. He provides technical support and assistance to mining and construction customers. He is responsible for machine inspections, troubleshooting, coordinating repairs, and completing downloads from vehicle monitoring systems. Previously he worked as a Field Service Mechanic providing maintenance, repairs, and training. He holds qualifications in heavy plant mechanics and has completed extensive in-service training courses from Komatsu.
This document provides quality analysis results for washed coal from Morupule Coal Mine in Botswana. The coal is ISO 14001 and OHSAS 18001 certified and washed to grade A quality. Metrics such as inherent moisture, total moisture, ash, volatile matter, fixed carbon, sulphur, phosphorous and calorific value are within standard minimum and maximum ranges. The coal particle size is below 75 mm.
This document outlines the Oikado Grassroots Development Program from 2010-2020 that aims to promote martial arts and karate among youth in Botswana. The program will hold nationwide coaching and training clinics focused on promoting better health for young people through physical activity and sports. It seeks funding to support clinics, regional and national youth karate championships, and participation in international tournaments over the period from 2014-2020. The goal is to use martial arts to develop youth physically and mentally while bringing communities together.
Gas Turbine , CCPP, Operation& Maintenance, spare part supply, Manpower service for Power Plant, GE LM6000 ,GE LM2500, GE FRAME 6,... P&W, MAN, RR, Turbine commisioning and start up,......
Solomzi is Oikado Martial Arts School International Botswana monthly newsletter from the desk of Kyoshi Moses Kgosibodiba. Currently released for free to international readership and members.
Stellar Diamonds plc marketing presentation Jan 2013James AH Campbell
This marketing presentation discusses Stellar Diamonds' diamond assets in Sierra Leone and Guinea, which include a JORC compliant inferred diamond resource of approximately 4 million carats across three projects. Stellar Diamonds aims to advance these projects towards feasibility studies and production. The presentation provides an overview of Stellar Diamonds' operations in 2012, details on the 4 million carat diamond resource, and context on rising global demand for rough diamonds driven by emerging markets.
This document provides a summary of the qualifications and experience of Dr. Ramaswamy Narayanasamy, including his administrative and teaching experience, research projects completed, publications, courses attended, and PhD candidates advised. Specifically:
- He has over 36 years of experience in teaching and industry and currently works as a professor. Some of his past roles include department head and research positions.
- He has completed over 20 research projects in areas like sheet metal forming, forging, and composites. Many were government or industry funded.
- He has over 342 publications in international and national journals and conferences. He is also the author of 4 books.
- He has advised over 20 PhD candidates whose research
The document is a brochure for the Mining Indaba conference to be held in Cape Town, South Africa from February 8-11, 2016. It provides an overview of the conference agenda and highlights the strong growth forecast for Africa's economy and mineral resources. Key facts include Africa's forecasted GDP growth of 5% in 2016, its large reserves of minerals like gold, platinum and diamonds, and the increasing investment and urbanization across the continent. The brochure outlines the conference program including ministerial and company presentations, panels on markets and commodities, and networking events.
This article summarizes a trip to climb Big Daddy, one of the tallest sand dunes in the Namib Desert in Namibia. It describes the immense size and scale of the Namib Desert landscape, highlighting its red sand dunes that can reach heights of over 300 meters. It then profiles the challenging but rewarding ascent up Big Daddy, one of the tallest dunes, noting the steep incline and soft sand that makes progress difficult. Finally, it mentions visiting the ghost town of Kolmanskop after conquering Big Daddy to experience more of the Namib Desert's unique scenery.
This curriculum vitae summarizes the professional experience and qualifications of Moses Racana-Martin Kgosibodiba. He has over 26 years of experience as a biology teacher and guidance counselor. He holds several diplomas including in international trade and counseling education. Kgosibodiba is currently the General Manager of Nevaldin Enterprises and has previously served as a Project Officer for an HIV/AIDS leadership skills development project. He is also a 6th Dan black belt in the martial art of Oikiru-Ryu-Karate-Jitsu-Do and has extensive experience teaching, coaching, and publishing works related to martial arts.
Dr. Wigganson Matandiko is an experienced veterinarian from Zambia seeking to broaden opportunities for poor communities through wildlife conservation. He has over 25 years of experience working in veterinary public health roles in Zambia and Botswana, and is currently pursuing a PhD in wildlife biology from Montana State University. His skills and qualifications include extensive experience managing animal health programs, conducting research, and supervising staff on domestic and wildlife health issues.
The document discusses how Botswana is well-positioned to benefit from increasing international capital flows into Africa due to its history and policies. Botswana discovered diamonds in the late 1960s and used revenues to develop education, health, and infrastructure. It implemented economic diversification policies since the 1980s to develop industries like finance, manufacturing, and tourism. As a result, Botswana has a more diversified economy powered by both extractive industries and secondary industries.
Kyoshi Kgosibodiba requests training attachments for Oikado students at an academy in Durban, South Africa. Specifically, he requests an open letter of admission for training and a letter of invitation for students to attend the All Africa Tournament in March 2014. The attachments aim to expose students to different training styles and provide opportunities for grading, recognition, and networking with other martial arts organizations. Kyoshi provided background on requirements for brown and black belt students to train externally and represented Oikado during an internship in Durban in March 2014 to benchmark administration, projects, and make regional contacts.
This document discusses pension savings and investments. It explains that the Debswana Pension Fund is a defined contribution fund, meaning the final pension value depends on market performance. Member contributions are invested in an age-based portfolio according to a life stage investment model. Younger members have more invested in equities while older members shift to more conservative bonds and cash. The purpose is to earn returns to meet future pension obligations while remaining financially sound. It provides details on investment objectives, risk constraints and asset allocations for different member categories.
K. Sitaramaiah has over 20 years of experience in operations management and commissioning of thermal power plants in India and Botswana, currently working as Shift In-Charge and Deputy General Manager at a 150MW power plant in Botswana. He has a strong background in operations, maintenance, commissioning, quality assurance and process improvement across various types of boilers and turbines. The document provides details of his educational qualifications and work experience at multiple thermal power plants in India and Botswana spanning various roles and responsibilities.
I am Andrei O. Karunungan, a Filipino Industrial Automation / Electrical Controls / Instrumentation Engineer with 9 years of field experience. I have earned my Bachelor’s Degree in Electronics and Communications Engineering in 2005 and was licensed in the Philippines the same year. I excel in PLC, SCADA & HMI Engineering and LV Electrical controls (design and assembly). I have worked in various industries such as Mining (Diamond), Semiconductor, Food & Beverage, Industrial & Manufacturing plants, Potable & Waste water, Automotive and Aviation (airport operations). The types of projects I have accomplished varies from machine development & refurbishment, process improvement, automation solutions, reverse engineering, system integration and maintenance.
- De Beers, which once controlled over 90% of the global diamond market, was facing declining profits due to a bloated stockpile of diamonds and decreased demand.
- Factors such as saturated markets, public relations issues, and the emergence of new diamond suppliers from other countries threatened De Beers' dominance of the industry.
- De Beers needed to address oversupply in the market and find new ways to boost demand for diamonds to improve its financial situation.
The government is drafting a domestic National Human Development Report for 2016 that will focus on measuring Zimbabwe's human development performance in light of its economic development plans and strategies to reduce poverty. The report will have a particular focus on the impacts of climate change, especially the current drought. It will be developed through consultation and is expected to be launched in October 2016 to complement the UN's global Human Development Report.
The article summarizes the latest fuel and commodity prices in Zimbabwe based on a survey conducted by BH24. It finds that while fuel prices have declined slightly since October 2014, observers say they are unlikely to decrease further despite lower global oil prices. Local fuel prices are determined by various domestic factors like taxes and import costs rather than global oil price movements alone. Food prices decreased marginally in December due to supermarket promotions during the holiday season, resulting in a small decline in Zimbabwe's cost of living.
The Zimbabwe Revenue Authority (ZIMRA) is targeting a 3.2% growth in revenue for 2016 despite economic challenges, with the target expected to be met through ZIMRA's automation program which will increase transparency in revenue collection. The automation program is being expedited to help meet the revenue target and contribute to economic growth. ZIMRA commissioner Gershem Pasi said that while the 2015 target was not fully met due to the economy underperforming expectations, performance was still considered not too bad.
Treasury directs ZINARA to disburse 70pc of funds for rehabilitationZimpapers Group (1980)
- The Zimbabwean equities market extended gains from the previous day, with the industrial index rising 1.32% to 95.28.
- Major stocks like Delta Beverages, Innscor, Econet, Colcom, CFI and Nampak saw share price increases, helping drive the overall market upward.
- Only Barclays and Old Mutual saw share price declines on the day.
- The mining index remained flat at 26.24 as several mining stocks stayed unchanged from their previous closing prices.
A digital copy of the Business News 24 (16 February 2015 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.
A digital copy of the BH24 (21 January 2016 edition). Zimbabwe's premier business news free sheet published by the Zimpapers Newspapers Group (1980) Limited and available every week day from 15:30hrs to give a summary of the day's business news.
A digital copy of the Business News 24 (17 February 2015 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.
- A leading Zimbabwean think tank, ZEPARU, forecasts that Zimbabwe's inflation rate will rise slightly from -2.47% in December 2015 to -2.10% by March 2016. This is based on the assumption that policy measures from the 2016 national budget are implemented and the South African rand stabilizes.
- The RBZ is mobilizing long term affordable financing for gold and diamond miners to increase production and export earnings from these sectors. Gold production has been rising in recent years while the diamond sector has underperformed.
- Total Zimbabwe plans to invest $10 million in capital expenditure in 2016 as it looks to maintain service quality across its network of over 100 gas stations in the country.
An institutional approach to Zimbabwe’s economic growth predicamentZimpapers Group (1980)
A digital copy of the Business News 24 (09 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.
A digital copy of the BH24 (08 January 2016 edition). Zimbabwe's premier business news free sheet published by the Zimpapers Newspapers Group (1980) Limited and available every week day from 15:30hrs to give a summary of the day's business news.
- The Zimbabwe Stock Exchange registered increases in turnover and volume traded in February, rising 38.4% and 54% respectively from the previous month. However, the market value maintained a downward trend.
- While activity increased on the stock market last month, the ZSE's market capitalization is already down 11.42% for the year. Market watchers forecast the market will recover only 15% this year.
- The change in fortunes on the stock market provides hope that stocks may offer moderate returns after large losses in recent years, though economic challenges remain.
A digital copy of the Business News 24 (25 June 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.
Government intervenes in fuel sector . . . just falls short of price controlsZimpapers Group (1980)
A digital copy of the Business News 24 (09 January 2015 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.
The insurance firm Fidelity Life Assurance Ltd has placed its managing director and finance director on leave and appointed an acting managing director while auditors investigate allegations of corporate governance malpractices at the company. The Insurance and Pensions Commission was forced to appoint auditors from KPMG to conduct a forensic audit after initial results of an internal investigation were leaked to the press. The company stated that the managing director and finance director were being placed on leave to facilitate the swift execution of the audit.
A digital copy of the BH24 (05 January 2016 edition). Zimbabwe's premier business news free sheet published by the Zimpapers Newspapers Group (1980) Limited and available every week day from 15:30hrs to give a summary of the day's business news.
A digital copy of the Business News 24 (07 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.
The Finance Minister of Zimbabwe says that the country will determine a moderate indigenisation levy for foreign firms when discussions on the levy begin. This is to balance the need to empower indigenous Zimbabweans through ownership transfers while also maintaining the viability of businesses. The Youth Minister had previously proposed a levy of 10% of company gross turnover, but the Finance Minister wants to take economic challenges into account and set the levy at a level that does not overly burden firms. No levy has been set yet as discussions are still to take place.
Nigeria's central bank announced it will abandon its 16-month peg of the naira to the U.S. dollar and move to a "purely market-driven" system of foreign exchange trading starting next week. Economists estimate the naira's fair value under a float is between 280 to 300 naira per dollar, compared to the current black market rate of around 370, and the change aims to ease severe dollar shortages caused by low oil prices. The central bank will still be able to inject dollars and influence the exchange rate within reserves, but no longer has an explicit target rate for the
Nigeria's central bank announced it will abandon its 16-month peg of the naira to the U.S. dollar and move to a "purely market-driven" system of foreign exchange trading starting next week. Economists estimate the naira's fair value under a float would be between 280 to 300 naira per dollar, compared to the current black market rate of around 370, and the change aims to ease severe dollar shortages caused by lower oil revenues. The central bank will still be able to inject dollars and influence the exchange rate within its foreign reserves, but will no longer target a specific
- Murray & Roberts subsidiary M&R Cementation has been awarded a R2.6-billion contract by De Beers to develop an underground mine beneath De Beers' open pit Venetia diamond mine in Limpopo, South Africa.
- The contract involves sinking a decline shaft and two vertical shafts, as well as equipping and commissioning the entire underground mine.
- This is one of the largest single contracts awarded to Murray & Roberts since the Eskom power build program.
Air Namibia is advertising new flight routes from Harare, Zimbabwe to Accra, Ghana and Lagos, Nigeria starting on June 29, 2018. Customers are encouraged to book flights soon to avoid disappointment as seats are selling out. Contact information is provided for booking individual flights or group fares by telephone, email, online, or through a travel agent.
In this edition, you will be enlightened on the cornerstone of international aviation which is the Bilateral Air Service Agreement, commonly referred to as BASA, Africa’s plan for a common airspace and taken on a tour of the Eastern Highlands and the new sky
The article discusses the Zimbabwe Consolidated Diamond Company (ZCDC), which has been operating without a proper legal framework. The permanent secretary in the Ministry of Mines admitted that unlike other state entities, no act of parliament established the ZCDC. It was instead registered as a company under the Companies Act. There are also concerns about the improperly constituted board of the ZCDC and some controversial decisions that have been made. The parliamentary committee questioned the legitimacy of the board's actions in firing employees and replacing them.
The World Bank says Zimbabwe can use the Rapid Results Approach (RRA) to help expedite solutions to its current cash shortage problems. The RRA is a method used to accelerate organizational change through 100-day goal-setting. The government has completed two phases of an RRA program focused on improving ease of doing business. The World Bank country manager says Zimbabwe can transition more quickly to e-commerce by applying the RRA methodology to address cash shortages and encourage electronic payments. The article provides details on Zimbabwe's cash shortage challenges and measures already taken by the central bank to address the problem and incentivize electronic payments and exports.
The Credit Reference Bureau of Zimbabwe is set to be fully operational by July 31st, with a Czech firm having made significant progress in setting up the necessary soft infrastructure at a cost of $1.8 million to the Reserve Bank of Zimbabwe. The CRB will enhance borrower verification and help banks assess credit risk and reduce non-performing loans. A number of consultative meetings have been held with banks to define the necessary data to be collected and reports generated by the new system.
The National Railways of Zimbabwe (NRZ) requires $400 million in short-term funding for recapitalization. This funding will go toward acquiring new machinery and rehabilitating existing infrastructure to increase the railway's carrying capacity from the current 3.4 million tonnes to 7.6 million tonnes. The funding will also be used to procure 15 new locomotives and 1000 new wagons, as securing this funding would allow NRZ to improve services, increase revenues, and return to profitability.
SeedCo, a listed seed producer in Zimbabwe, reported a 3% increase in profit after tax for the fiscal year ending March 31, 2016 compared to the previous year, despite challenges from drought, low commodity prices, and reduced government programs. The company's turnover remained unchanged at $96 million year-over-year. SeedCo was able to increase efficiency and offer competitive pricing, which helped increase its gross margin by 7% during the period. The company plans to focus on growing its ultra-early maize seed varieties to meet increasing demand given changing weather patterns.
Zimbabwe's corporate governance weaknesses have contributed to its poor ratings in international surveys, according to an official. Improving corporate governance could significantly boost Zimbabwe's rankings. The official noted that past governance failures have resulted in the current negative perceptions, and that while some methodology reservations exist, the ratings still factor into potential investors' considerations. The government is working to enhance corporate governance in the public sector through various initiatives.
The Confederation of Zimbabwe Industries has urged the government to introduce Local Content Regulation for all sectors of the economy in order to boost local production. The regulation would give preference to local producers over imports for some goods and services. It would also require manufacturers to include a minimum percentage of local inputs in their production. A CZI economist said the regulation could increase competitiveness by promoting local products first and supporting local employment and procurement.
Isabel dos Santos, the billionaire daughter of Angola's President, has been appointed as the new CEO of state energy firm Sonangol and has pledged to overhaul the company to improve efficiency and margins amid low oil prices. She plans to split Sonangol into three units and increase transparency to international standards in order to generate more revenue for Angola, which relies heavily on oil exports. Dos Santos aims to offset the "huge" economic impact of depressed oil prices through the reforms at Sonangol.
The Zimbabwe Flight Crews Association said that the government is not adequately protecting Air Zimbabwe and is instead licensing competitors to service the same routes as Air Zimbabwe, hurting its ability to compete; they argue the national airline should have first right of refusal on routes. Captain Ottis Shonai stated that new airlines have been given licenses to fly the same routes as Air Zimbabwe, which does not happen elsewhere, and that Air Zimbabwe needs route protection from the government as other national airlines receive.
Government has released $500,000 in funding to support the hosting of this year's Sanganai/Hlanganani World Tourism Expo in Bulawayo after the Zimbabwe Tourism Authority faced financial challenges and was contemplating postponing or cancelling the event. The acting ZTA chief executive said the funds will ensure the expo is a success. Over 160 local tourism companies and 28 international exhibitors from countries like Botswana, South Africa and India have registered to participate. International buyers from Europe, Asia, Africa, the Americas and the Middle East are also expected to attend the expo from June 16-18, 2016.
Fastjet Zimbabwe recorded $0.3 million in revenue since commencing operations in October 2015, with an operating loss of $4 million, as the new airline began flights between Harare, Victoria Falls, and Johannesburg. The performance in the first few months of operations was described as "encouraging" by Fastjet, with 91% of flights arriving on time. However, the Zimbabwe operation was not included in Fastjet's key performance indicators for 2015 as it only became operational in October.
- The Beitbridge Hotel in Zimbabwe, owned 40% by the National Social Security Authority (NSSA), has incurred over $2 million in losses since opening in 2014 and has now been closed by majority owner Rainbow Tourism Group.
- An audit before construction found the hotel would be loss-making, but NSSA insisted it proceed anyway. NSSA's investments are under scrutiny as costs for the Beitbridge Hotel ballooned from an initial $3 million budget to over $49 million.
- The closure puts focus again on NSSA's investment strategies that have put pensioners' funds at risk through apparent non-viable projects like the Beitbridge Hotel.
Standard Chartered Bank plans to launch mobile and online banking platforms in 8 African countries including Zimbabwe in the first half of 2016. The bank aims to grow long-term retail banking revenues in Africa 3-4 times faster than regional economic growth. This strategy contrasts with European rivals retreating from Africa due to falling commodity prices and weak currencies. StanChart is expanding its physical presence as well by adding branches in Nigeria, as it seeks to protect and grow its market share on the continent.
Tongaat Hulett's sugar production in Zimbabwe declined 7.4% to 412,000 tonnes for the year ending March 31, 2016. Sales also declined, falling to 403,000 tonnes compared to 491,000 tonnes the previous year. The company reported its Zimbabwe division's financial performance was negatively impacted by lower sugar production and export underperformance. Looking ahead, Tongaat Hulett forecast sugar production could rise up to 12% to 1.15 million tonnes in the new financial year depending on rainfall.
Industry, Finance ministries working on Zimbabwe tariff order for EPA Zimpapers Group (1980)
The Zimbabwean government is working to establish the necessary legal framework to fully implement an Economic Partnership Agreement (EPA) signed with the European Union in 2009, which establishes a free trade area between the EU and Zimbabwe. The EPA grants duty-free access for trade between the EU and Zimbabwe, and Zimbabwe is expected to progressively liberalize 80% of imports from the EU by 2022. Government officials are working with the Ministry of Finance to gazette a Zimbabwe tariff order to pave the way for implementing the trade agreement.
Proplastics, a plastics manufacturer in Zimbabwe, expects to benefit from improved operational efficiencies after commissioning a new plant in the second half of 2016. The new plant is part of the company's broader modernization program, which has already seen a new injection moulding factory and HDPE line commissioned. The CEO said the new plant will improve margins and reduce costs for consumers. For the first four months of 2016, Proplastics' volumes were up 9% and exports contributed 14% to turnover, though overall turnover was flat compared to the prior year due to weaker regional currencies.
The Zimbabwe Mining Development Corporation has commenced efforts to revive the Golden Kopje Mine by seeking a firm to conduct a feasibility study. The study will develop a business plan and work schedule for reopening the mine. Golden Kopje Mine, located in Chinhoyi, stopped operations in 2006 due to financial constraints but reopened in 2009 before shutting down again in 2014 due to operational challenges. Reopening the mine could boost Zimbabwe's gold production, which increased 34% last year.
MFIs loaned $187m in 2015, but fell into consumptive lending trap Zimpapers Group (1980)
- Microfinance institutions (MFIs) in Zimbabwe have largely failed to improve small businesses as a large portion of their loans have gone towards consumption rather than productive sectors.
- Statistics from the Reserve Bank of Zimbabwe show that between 2013-2015, MFI loans were dominated by consumptive lending rather than productive sector funding as was expected.
- In 2015, MFIs loaned a total of $187.1 million but only $85.6 million (45.7%) went to productive sectors while the remaining $101.5 million (54.2%) were consumptive loans.
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In the recent edition, The 10 Most Influential Leaders Guiding Corporate Evolution, 2024, The Silicon Leaders magazine gladly features Dejan Štancer, President of the Global Chamber of Business Leaders (GCBL), along with other leaders.
Unveiling the Dynamic Personalities, Key Dates, and Horoscope Insights: Gemin...my Pandit
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Digital Marketing best practices including influencer marketing, content creators, and omnichannel marketing for Sustainable Brands at the Sustainable Cosmetics Summit 2024 in New York
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Industrial Tech SW: Category Renewal and CreationChristian Dahlen
Every industrial revolution has created a new set of categories and a new set of players.
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This PowerPoint compilation offers a comprehensive overview of 20 leading innovation management frameworks and methodologies, selected for their broad applicability across various industries and organizational contexts. These frameworks are valuable resources for a wide range of users, including business professionals, educators, and consultants.
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How are Lilac French Bulldogs Beauty Charming the World and Capturing Hearts....Lacey Max
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MJ Global's success in staying ahead of the curve in the packaging industry is a testament to its dedication to innovation, sustainability, and customer-centricity. By embracing technological advancements, leading in eco-friendly solutions, collaborating with industry leaders, and adapting to evolving consumer preferences, MJ Global continues to set new standards in the packaging sector.
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
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
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
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AND SERVICE EXCHANGE FOR COMPLETE AXLES, ENGINES AND GEARBOXES.
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TEL: 770638-43, 086 4406 8386
CELL: 0772 470665, 0712 204396,
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Tel: 66084, 086 4406 8385, Fax: 68597
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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
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!
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
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 •