Bongani Huni: A Calculated Risk from Teaching to Tourism

“I resigned after 16 years of teaching to focus 100% on growing my business. I felt something of a hypocrite as our tag line at Vertex is ‘live your dream!’ and there I was crippled by fear of not having enough financial security to be a full-time entrepreneur.”

Entrepreneurship for Bongani Huni came later in life and was born out of frustration and a desire for a more holistic approach to education in her native Zimbabwe.

The French-teacher-turned-entrepreneur launched a destination management company – Vertex International Tours with two goals: to boost tourism in Southern Africa and enhance the quality of learning in Zimbabwean schools through educational tours to Europe for teachers and students alike.

“Although I hold a Bachelors in French and had been teaching the language in private schools for many years, I had never had the opportunity to visit the country. It really bothered me. Read more

Nobukhosi Ndlovu: Conquering the foods business in Zimbabwe

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“I wish someone had told me that being an entrepreneur is not easy,” . “Though it is the best thing anyone can do, being employed by someone else is definitely a lot easier. But I’m proud I started Nutrie Foods and that everyday l face challenges that I overcome. God has always given me the strength to go on and I will never give up.”

Nobukhosi Ndlovu read once somewhere “Whenever you want to give up, just remind yourself of the reason why you started.”

Those words get her though each day when she rises at 5 am and works long hours to grow her food processing business, connect with local farmers and customers, and acquire the capital she needs to fill demand and make the Nutri brand a household name in Zimbabwe and beyond.

“I wish someone had told me that being an entrepreneur is not easy,” the 30-year-old Zimbawean said.

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“Though it’s the best thing anyone can do, being employed by someone else is definitely a lot easier. Read more

Bakers short changing consumer by Selling Under Weight Bread

Loaf of BreadThe Confederation of Zimbabwe Retailers (CZR) has alleged that the quality and size of the loaves of bread has gone down and that bakers are selling loaves which do not conform to the government’s stipulated weight.

This comes after the government through the ministry of Industry, Commerce and Enterprise Development reversed a decision by Bakers Inn to increase the price of bread by a minimum of 10 percent.

According to Statutory Instrument (SI) 56 of 1989 bread should be sold at either 350g or 700g. Read more

Zim Agrees To Pay US$1,2bn Arrears To World Bank By April In Order To Receive US$2 Billion Funding

Emmerson Mnangagwa DavosPresident Emmerson Mnangagwa’s administration is reported to have committed to pay US$1,2 billion arrears to the World Bank by April.

The government is working on getting new loans from the multilateral institutions.

The government is working with the British multinational bank Standard Chartered Plc and other institutions to raise the US$1,8 billion to clear the arrears.

The other US$600 million is owed to the African Development Bank (AfDB). Read more

DAVOS UPDATE: Presdient Mnangagwa meets IMF Chief

Emmerson Mnangagwa CNN InterviewPresident Emmerson Mnangagwa met with International Monetary Fund (IMF) Managing Director Christine Lagarde on Thursday on the sidelines of the World Economic Forum in Davos, Switzerland.

Lagarde welcomed Mnangagwa’s commitment to stabilising the Zimbabwean economy and working towards normalising the country’s engagement with the international community.

Speaking on Twitter after the meeting with Mnangagwa, Lagarde reitarated the IMF’s commitment to assist Zimbabwe.

Chairperson Of Zimbabwe Power Company Prepared Tender Documents For Wicknell’s Company To Win US$200m Project

Image result for Stanley KazhanjeStanley Kazhanje the chairperson of the Zimbabwe Power Company (ZPC) is alleged to have prepared the tender documents for Wicknell Chivayo’s company without declaring a conflict of interest to the board.

Chivayo’s company Intratek was later awarded the US$200 million tender by the ZPC for the Gwanda Solar Power Project.

Chivayo is yet to start work on the project almost two years later despite receiving an advance of US$5 million in irregular circumstances.

The allegations against Kazhanje were levelled by ZPC managing director Noah Gwariro.

Kazhanje suspended Gwariro in December 2017, over the irregular payment of the US$5 million advance to Intratek without a guarantee. Read more

Swedish Investor in the country to explore Investment opportunities

Image result for invest in zimbabweTwo Swedish investors, Mr Ulf Geogson of Wolfie Tough Holding AB and Mr Ake Hultqvist, who is the editor-in-chief and publisher of a tobacco magazine Tobak and Mer arrived in Harare yesterday to assess the business opportunities available in Zimbabwe.

I am here to improve the relations between Zimbabwe and Sweden. I am an international businessman for 40 years and I have been working for 40 years internationally.

So, I have come here to see opportunities that are here. We want to see if we can buy something here, if we can invest and there are a lot of different things that we could do to improve the relations between the two countries in terms of investment. Read more

President Mnangagwa leaves for Davos today

Image result for mnangagwaPresident Emmerson Mnangagwa is scheduled to leave Harare at 4:30 am today for Davos, Switzerland, for the 48th World Economic Forum annual meeting.

He is accompanied by Foreign Affairs and International Trade Minister Lt. Gen (Rtd) Sibusiso Moyo, Minister of Finance and Economic Planning Patrick Chinamasa, Minister of Industry, Commerce and Enterprise Development Mike Bimha, Head of Europe and Americas Ambassador Chitsaka Chipaziwa, Special Advisor to the President Chris Mutsvangwa, Secretary for Information, Media and Broadcasting Services George Charamba, Reserve Bank of Zimbabwe Governor John Mangudya, Zimbabwe Investment Authority CEO Richard Mbaiwa and other senior staffers in the President’s office. Read more

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