African Business News

African Business News (4)

Government has pledged to increase the availability of locally produced goods through investing in efficient manufacturing systems.           

Vice President General Retired Dr Constantino Chiwenga, who was the Guest of Honour at the Buy Local Summit in Harare this Thursday, told captains of industry and government officials that gains arising from the growth on the availability of locally produced goods need to be sustained.            

“We cannot be seen importing inputs when we have the capacity to produce and support the projects being implemented. The private sector should therefore come on board in support of government to build the Zimbabwe we all want for our people,” he said.              

Industrialist Ms Sicelo Dube also spoke on the current gains in the availability of locally produced commodities.      

“It is still too early to celebrate but the path is there for positivity, we need to carry on in the future. The support from the government augurs well for industrialisation of the economy provided more resources are mobilised to increase innovation and catch up with modern technologies,” she said.                  

Zimbabwe has come up with a local content policy to promote value addition and linkages, through utilisation of domestic resources and consumption of locally produced products.     

Source: ZBC News


Minister of Irrigation and Water Development Charles Mchacha has assured smallholder farmers in small irrigation schemes in the country of government support.

Mchacha said this after inspecting Matiti and Kulowamgulura irrigation schemes in Blantyre and Thyolo respectively.

Mchacha accompanied by his deputy Eshter Majaja emphasized that time for paper work and presentations in office is over saying it’snow time for implementation on the ground.

“We have had enough of paper work but looking at the ground its little that have been implemented so now is the time to implement what is on the paper,” said Mchacha.

Mchacha therefore encouraged smallholder farmers to utilize the natural water resources to increase food productivity and appealed to the community in the area to own the equipment that government provided to them for Irrigation farming.

“Government has provided the equipment like these solar panels therefore I would like to urge you that you own it rather than stealing or vandalized,” he said.

The Minister is on familisation tour in his Ministry of Irrigation and Water Development to appreciate how much progress has been registered.

In his remarks, chairperson for Matiti Irrigation scheme while commending government for the project appealed to the Ministry to assist the farmers with winter cropping seeds.

About 300 small scale farmers are benefiting from the project which has seen most farmers their lives transformed both economically and socially.

Source:Nyasa Times 《》Rhodesia Times

Vendors storm Zomba City Council over market space challenge

Malawi-March 23, 2020 Synd Kalimbuka and Thandizo Chadzandiyani

Vendors who operate outside Mpondabwino Market in Zomba City on Wednesday protested against City authorities for victimizing them and damaging their properties.

The vendors from inside the market are accusing those selling merchandise outside for contributing to the low turn up of customers inside the market.

However, those selling outside the market claim there is no space inside, adding that when they enter to do business inside the market they are chased away due to lack of space.

According to chairlady for vendors who trade outside the market, Netsayi Bwanali, City authorities have been forcing them to conduct their business inside the market but there was no space to accommodate them.

“We were surprised to see City extension workers in collaboration with vendors who sell their items inside the market came to victimize us and damage our items in the process,” she explained.

Those affected marched to Civic Offices to present their concerns.

They chanted songs on their way, complaining that extension workers from the city receive bribes from vendors who sell inside the market to victimize them.

Deputy Mayor for Zomba City Council, Councillor, Anthony Gonani confirmed that concerned vendors presented their concerns to him.

He promised them that the Council would find solution to the problem as they would meet all concerned parties.

“We have received their grievances and will meet both parties today at 3pm to map the way forward,” Gonani pointed out.

Business was brought to a standstill all morning at Mpondabwino Market following the misunderstanding.

Vendors have been shunning occupying the multimillion modern market which government constructed at Matawale as they claim government did not consult them since its located not in a suitable place.

*Source- MTV*

RUDO Boka, the daughter of the late prominent business tycoon, Roger Boka says when her father passed on; ‘false friends’ showed their true colours, leaving her alone to rebuild her father’s business empire from the ashes after it had spectacularly collapsed.

Rudo was only 21 when her father passed on in 1999.
He left behind massive debts, 19 civil court cases and seven children that Rudo had to look after as she was the eldest child.

“And a lot of people whom I have encountered over the years seem to say; ‘you must have been born with a silver spoon. Life must have been wonderful because you had everything, your father left you with everything’,” Rudo told at the weekend.

“That is not the case, I inherited debt and my biggest inheritance was debt and seven children of my father as the eldest child."

“And at the age of 21, you learn in life at that age that people will desert you when facing challenges. People are nice to you when things are perfect. Let things go wrong and the very people that you expect to be there for you when all is good, are the very first people to disappear from you,” she said.

“That’s how I ended up in business, it was because of tragedy. My father died and upon his death he had a very big business interest which had also collapsed,” said Rudo.
The businesswoman said without any business knowledge on how to run a company, she managed to turn her misfortunes into blessing.

“On the other hand, it was a blessing in disguise and for sure I would scratch my head thinking about the next move,” she recalled with a smile.
“And within a year when my father died, my mother died and there was the judiciary process going on, my father’s bank accounts had been frozen.

“There was no one to help me. What did I start doing? – I went to my maternal home in Chihota and my grandfather gave me vegetables for free to sell at Mbare Musika.

“And when I got to Mbare, I had never seen anything being sold so quickly, and that was a gift or my first loan. I call it a loan because I made it a point to give it back so that became my cash flow project and it helped me a lot to pay my legal team and court processes,” she recalled.

She said because of her late father’s debts, banks were unwilling to offer her loans.

“It was very difficult because I could not get a loan. Every time I would walk into a bank to apply for loan and the moment I will say ‘I am Rudo Boka’, all doors would be slammed on my face because my father’s bank had collapsed."

“It became a journey of 19 court cases with some lawyers telling me that they would not represent me because of conflict of interest."

“I had no formal education besides my Ordinary Level and a certificate in typing, but each time I went to the High Court, the registrar was very helpful and would assist on how I could defer some court processes.”

However, despite these challenges, Rudo was able to pay for her sibling’s school fees.
“I am in a position where I am doing now what I love, which is running the Boka Tobacco Auction Floors. I am doing it because I want to and I am enjoying it.”

Roger Boka died in 1999 on a private jet on his way from the US after establishing Boka Tobacco floors in 1997, the first black owned private auction floor.

He was also the first black Zimbabwean to open a commercial bank, the United Merchant Bank (UMB).

Boka was also a popular philanthropist who helped thousands of black Zimbabweans and politicians to start businesses or gave them loans from UMB, which they failed to repay leading to the collapse of the financial institution.

*Source:New Zimababwe*