Zimbabwe Revenue Authority Opens New Revenue Business Through Telecommunications Industry Partnerships.
September 11, 2018 | 0 Comments
By Nevson Mpofu..
ZIMBABWE REVENUE AUTHORITY hails the spirit of a new Zimbabwe through partnerships. The Revenue collection organization boasting of its motto , ‘’my taxes , my duties , building a new Zimbabwe strengthened its partnerships for a new Zimbabwe open for Business through collaboration with partners to make Administration easy in the vibrant organization .
Speaking in Harare at a Telecommunications Industry and ZIMRA REVENUE ASSURANCE AND SPECIAL PROJECTS DIVISION breakfast meeting, ZIMRA Commissioner General- Faith Mazani said these partnerships are a way forward in bringing sustainable revenue in the country. She pointed out that the new Zimbabwe open for business has weaved new strategies to fatten co-operative compliance with best practices to foster way-forward new developments to build up on a new Zimbabwe.
‘’A new Zimbabwe’s dawn here comes with a New ZIMRA with partnerships meant to strengthen relationships with the organization.
‘’These partnerships will make Administration become easier as we move forward in open business flowing in a transparent and accountable manner.
‘’My taxes, my duties, building my Zimbabwe is our path to sustainable revenue in the country. Let us follow suit that Zimbabwe is open for business, also ZIMRA is open for partnerships with the Telecommunications Industry.
The Commissioner General added that the organization is in the alacrity to review tax systems, change laws and policies. In its new spirit of commitment to economic development, she highlighted that the Revenue organization is ready to fight corruption which she said is the stagnant that impedes on development in any given economy.
‘’This will be shown by our effort in reviewing taxes in the country. This we will do for the need to bring new sustainable revenue that will benefit the country.
‘’To make this see the light of the day we need to campaign against corruption which in any given economy is a stagnant that impedes economic development.
‘’That is what we mean by saying a new Zimbabwe, a new ZIMRA. However, let us sing of changing Laws and policies so that we remain moving on with the pace of nation building.
She further elaborated that there is need to expand the tax base in the country. This, she added is ZIMRA’s goal for sustainable development. She urged the Business world to continue paying tax to foster economic development.
‘’Expanding our tax base is a strategy for the benefit of the country. However, I urge companies to continue paying tax.
‘’Companies in their effort to continue paying tax builds on a new Zimbabwe. This is a new Zimbabwe buttressed by our better tax administration. Zimbabwe will be a middle income by 2030. We shall end there as a country. What we need to have as a new spirit is our commitment as we move forward as a new Zimbabwe’’, she concluded.
Lone Congolese Bank to Sign the China-Africa Inter Bank Association Establishment Agreement
September 11, 2018 | 0 Comments
Wednesday 5 September, 16 African banks including RAWBANK, the first banking institution in the Democratic Republic of Congo (DRC), and China Development Bank (CDB) signed an agreement for the establishment of the China-Africa Inter Bank Association in Beijing (CAIBA)
KINSHASA, Democratic Republic of Congo, September 10, 2018/ — RAWBANK (www.Rawbank.cd), the only Congolese bank to have been selected as founding member of this cooperation, hence assumes its leading role in the Congolese banking sector alongside international and African banks. This agreement marks the official establishment of the first China-Africa financial cooperation multilateral mechanism.
Based on the presentation by H.E Xi Jinping, President of China, aimed at enhancing China-Africa relations and promoting “10 principal cooperation plans” between this country and the African continent, “eight major actions” of China-Africa cooperation were planned in order to advance the partnership.
Taking into account the deficit in meeting the funding needs of African countries with regard to industrialization, infrastructure connectivity and poverty alleviation, a closer collaboration between Chinese financial institutions and African countries was decided.
Within this context, the China Development Bank (CDB), represented by its President, Mr Hu Huaibang, and peer financial institutions in Africa jointly established the China-Africa Inter Bank Association (CAIBA), which is a concrete move in achieving win-win cooperation and better quality and higher common development.
RAWBANK, Congo’s lone bank to be selected owing to its leading position in the banking sector for more than 16 years, is henceforth one of the 16 founding members of CAIBA alongside international and Pan-African banks such as Standard Bank, Absa, Attijariwafa Bank, to name only a few.
With CDB, CAIBA will, in the long term, enhance financial cooperation between all member banks to advance partnership in various domains such as China-Africa infrastructure interconnection, international cooperation and exchange in the humanities.
This agreement is proof of CDB and RAWBANK commitment to strengthen the economic ties and investments between China and African countries, as part of the Forum on China-Africa Cooperation (FOCAC).
About China Development Bank:
As the Chinese government’s financial institution for development, the CDB (www.CDB.com.cn) has always put a premium on cooperation with Africa. Since the launch of funding cooperation with Africa in 2006, the CDB has continually widened its cooperation with the financial institutions of African countries by investing and funding over USD 50 billion in close to 500 projects in 43 African countries.
The CDB encourages Chinese enterprises to invest in Africa, assists African local governments in solving problems such as funding deficits and infrastructure construction delays, and strives to develop economic and commercial cooperation, increase employment and spur economic growth in African countries.
Established in 2002 by the Rawji Group, operating in the Democratic Republic of Congo since the start of the 20th century in the areas of trade, distribution and industry, RAWBANK (www.Rawbank.cd) is the country’s largest bank as it was the first-ever to exceed 1 billion dollars in total turnover in 2015. Having more than 1 600 staff members with close to 100 sales points, 300 000 customers and 25% of market shares, RAWBANK is a key player in the development of Congo’s economy. Having been certified and won and award, it is today considered a crucial financial stakeholder in the DRC, for individuals and SMIs/SMEs, as well as for major enterprises and international institutions. RAWBANK is rated by Moody’s (B3), certified as ISO/IEC 20000 and ISO/IEC 27001, and has established funding partnerships with several international donors (Proparco, IFC, Shelter Africa, etc.). Safety, cost-effectiveness and sustainability are RAWBANK’s operational priorities to consolidate its growth strategy, in particular towards individuals and the private sector.
Huge blow to Ruto as leaders endorsed Gideon candidacy
September 10, 2018 | 0 Comments
By Samuel Ouma
The deputy president William Ruto’s presidential bid suffered a major blow on Friday, September 7, 2018 after leaders from his backyard resolved to support his nemesis Baringo Senator Gideon Moi.
The leaders drawn from Nandi, Elgeyo Marakwet, Uasin Gishu and Baringo counties said the Kenya African National Union (Kanu) chairman is the best candidate to succeed President Uhuru Kenyatta on the ground of his development records and good reputation unlike some aspirants whose names are tainted by corruption cases.
“The country accomplished great milestone during former President Daniel Moi’s 24-year rule and that is why Gideon should take power after President Kenyatta. Senator Moi has a clean track record untainted by corruption,” said Paul Kibet, Northern Kenya Kanu coordinator.
Addressing the press during Kanu party retreat at Elgeyo Marakwet County, the leaders agreed to roll out grassroots mobilization countrywide to strengthen Moi’s candidacy. They appealed to President Kenyatta to back Mr. Moi because he shelved his presidential ambition in both 2013 and 2017 to support him.
On fight against graft, the leaders assured President of their support asking him to take war on corruption to the door steps of the lords of corruption if he wants to achieve his Big Four agenda which include universal health, food security, affordable housing and manufacturing.
In August 22, 2018, IPSOS Synovate research revealed that the deputy president is the most corrupt in the country. IPSOS Synovate researcher Tom Wolf said 33% of those interviewed pointed Ruto as a corrupt leader.
Ruto seems to always be a man under siege with countless corruption allegations being leveled against him. Some of the big scandals are Lang’ata Road primary school land grab scandal, Muteshi land grab, Maize scandal in the Grand coalition government, Hustler’s jet scandal and Kenya pipeline land grab.
In the beginning of this month Ruto’s chance of becoming president diminished after elder’s council from Meru community, stronghold of President Kenyatta endorsed the former president’s son. Led by the elders chairman James Merianga, they pledged to rally voters from Mt. Kenya region to support Mr. Moi during 2022 polls.
“As a council, we cannot forget how President Moi was generous to our community and that is why we have decided to pass by in our tour of this region. We also needed to assure him of our support should he require it,” reiterated Merianga.s
ARIPO to launch a free regional intellectual property database to promote trade in Africa
September 10, 2018 | 0 Comments
By Wallace Mawire
The African Regional Intellectual Property Organization (ARIPO) is
set to launch a Regional Intellectual Property (IP) database toady
Monday, 10 September 2018. The centralized database with published IP
titles from the ARIPO Member States will not only be accessible online
but will be free for all.
The IP Database is designed to efficiently serve multiple purposes,
including on-line provision of published IP data, encouragement of
regional trade, IP scientific research, IP rights protection and
enforcement in the ARIPO region, as well as sustainable development of
“Technology is an agent of change, and major technological innovations
have resulted in paradigm shifts in the way business is conducted. As
the ARIPO Office we are utilizing ICT tools to establish our presence
in global intellectual property and to foster creativity and
innovation for economic growth and development in Africa,” says the
ARIPO Director General, Mr. Fernando dos Santos.
“The Office has embarked on a number of ICT projects taking advantage
of the ICT tools available to provide efficiency in IP business
processing, support the availability of IP information, encourage IP
scientific research and IP rights protection and enforcement,” He
According to the World Intellectual Property Organization (WIPO) 2016
IP Statistics Report, Africa as a whole accounted for only 0.6% of the
total applications filed internationally. The Database will therefore
contribute significantly to improve the use and uptake of IP in the
ARIPO region thereby increasing the number of local and regional
applications which is still very low.
The IP database will be free and easy to access for searches by IP
Agents and anyone who wishes to find information or register a patent,
industrial design or trademark.
The development of the Regional IP Database was supported by WIPO.
They provided the software for the database and assisted with the
extraction of published IP data from the IPAS system in the Member
The ARIPO Regional IP Database to be launched will have information
from ARIPO, Botswana, Gambia, Ghana, Kenya, Malawi, Mozambique,
Namibia, Rwanda, Tanzania, Uganda, Zambia and Zimbabwe.
The launch will be officiated by the Representative of the Director
General of the World Intellectual Property Organization (WIPO),
Project Manager in the IP Office Business Solutions Division, Mr.
Gregory Sadyalunda and the Representative of the Commissioner of the
Japanese Patent Office, the Deputy Director, Information Technology
and Patent Information Management Office, Japan Patent Office, Mr.
The link to the database is http://regionalip.aripo.org
20 killed in South Sudan plane crash
September 10, 2018 | 0 Comments
By Deng Machol
Juba. At least 20 people has reported killed in South Sudan a commercial plane crash into a lake on Sunday morning, official said
“The number of people who lost their lives are 20. The number of people who survived are 3,” said Taban Abel Aguek, Eastern Lakes State minister of Information
More than 22 people were aboard the flight from the capital Juba’s international airport to the city of Yirol when it crashed. Yirol is in the central part of the civil war-torn East African country. The cause of the crash is not yet known.
Among the dead, 16 are South Sudanese national, including three children and the Bishop of Yirol Diocese of Epicopical Church, while 4 are foreigners including the pilot and the co-pilot, who are Sudanese nationals. Ugandan and Ethiopian who work on the road repair company assigned on AluakAluak – Mapuordit road.
Meanwhile, the three survivors are a 6-year-old child, an adult man and an Italian citizen (Doctor) who working with a non-profit who was in surgery and in serious condition, Aguek said.
Taban said the plane crashed into the River Nile on arrival to Yirol Town.
“This terrible situation is a tragedy, the whole area is caught by serious shock. A plane crashed this morning a few hours ago and I went to the site myself it crashed into Lake Yirol,” Taban said.
This is not the first time for the plane crash in South Sudan, in 2015 36 people were killed when a Russian-built cargo plane with passengers crashed shortly after taking off from Juba International airport.
Several crashes have occurred in war-torn South Sudan in recent years. In 2017, four passengers were injured when a plane crashed into a truck trying to land in the city of Wau amid bad weather.
Since the conflict broke out in 2013, between President Kiir and rebel leader Machar, the citizens has resorted use to plane as main of transportation after the roads has become scene of killing and murdering across South Sudan.
The state government has declared three days of mourning and the flag will fly at half-mast.
Zimbabwe’s Agribank to extend support to floriculture and horticulture targeting the European market
September 10, 2018 | 0 Comments
By Wallace Mawire
Agribank, Zimbabwe’s leading bank offering support to the
agriculture sector has announced that it is increasing its support to
the floriculture and horticulture sector to promote exports to the
highly lucrative European market, according to SMT Malaba, Agribank
CEO in a presentation of the bank’s financial statements for the year
ended 30 June, 2018.
According to Malabe, the bank has made significant milestones with
respect to key strategic initiatives such as enhanced support to
agriculture and capital raising initiatives.
The banks is alo expanding support to agriculture and sustaining
business growth initiatives optimising on the critical role of
agriculture in the economy of the country.
Support to agriculture is at the core of the bank’s mandate for food
security and value addition.
“The bank is expanding support to the agriculture sector and is
likely to surpass its initial set target of $105 million and achieve
$125 million agriculture financing, inclusive of both on and off
balance sheet financing,” Malaba said.
He added that to date total lending to agriculture amounted to $80
million. He said that finance is being extended to major subsectors of
the agriculture sector such as tobacco, maize, soya, horticulture as
well as critical fertilizers and chemical industries that support
agriculture with inputs.
Malaba described horticulture and floriculture as low hanging fruits
for the country to boast its foreign exchange incomes. Previously the
sector was dominated by white commercial farmers but declined due to
the 2000 land reform programme. There was a major shift when the new
communal farmers focused on other traditional crops like maize and
cotton with a few focusing on the export crops.
Malaba added that in a bid to raise foreign currency the bank
managed to also support key sectors in agriculture like the
floriculture and horticulture sectors.
He said that the bank is exploring further expanded support in
respect of horticulture crops such as macadamia nuts, mange peas,
Michigan peas, avocados and cut flowers.
Africa welcomes first ever full-stream oil, gas & energy transformation dais
September 10, 2018 | 0 Comments
Rise of Gideon Moi sends jitters in Ruto’s camp
September 9, 2018 | 0 Comments
By Samuel Ouma
The political supremacy battle between the deputy president Willian Ruto and his antagonist Baringo Senator and former president Daniel Moi’s, son Gideon Moi is at its peak as President Uhuru’s succession gains momentum ahead of 2022 General polls.
Both Moi and Ruto have declared their interests in contesting the country’s highest seat. The two and their allies have engaged in political tussle in the past. Exchange of bitter words has been the common weapon since 2006.
They have been employing different strategies to outdo each other and majority of Kenyans believe it is Gideon Moi who will carry out the day in the succession race. In 2016 during a hotly contested Kericho Senatorial by-election, Moi threw his weight behind the Kenya African National Union (Kanu) party’s flag bearer Paul Sang while the deputy President backed the Jubilee candidate Aaron Cheruiyot.
Gideon Moi, Kanu chairman together with Chama Cha Mashinani (CCM) party leader and former Bomet Governor Isaac Ruto, held several rallies within the county to counter attack Ruto’s strategies but Aaron Cheruiyot of Jubilee emerged the winner. He garnered 109,358 votes, while his closest rival got 56,307 votes.
Kanu, the former ruling party rejected the outcome accusing the electoral commission of rigging in Jubilee party’s candidate. They claimed the poll was marred with irregularities and mass voter bribery.
“We are disappointed with the manner in which the Independent Electoral and Boundary Commission conducted the election as they appear to have had a clear working partnership with Jubilee party,” said Chama Cha Mashinani party leader Isaac Ruto.
It was the deputy president turn to revenge during last year’s August poll. He fielded the now water Cabinet Secretary Simon Chulugui to unseat Gideon in Baringo’s senatorial seat, however, his plans did not bear fruits.
In May this year their feud was at play again when Ruto was blocked from meeting Gideon’s father, the former President Daniel Moi. Despite waiting for three hours he was not allowed to see the ailing Moi on ground that he was having a date with his doctors.
Pro-Ruto politicians did not take it easily they bashed the Baringo Senator for barring the former Eldoret North legislator from seeing his father. They asked him to show respect to the deputy President.
“As Chairman of the Rift Valley leaders’ political caucus, I want to lay out everything in black and white. We have tried our level best to visit our beloved former president Moi and wish him all the best but Gideon Moi has blocked our every intention so people would say William does not want to wish him well, which is a total lie,” Elgeyo Marakwet Senator Kipchumba Murkomen.
Gideon’s presence during the opposition chief visit in April 14, 2018 elicited more reactions from Ruto’s lieutenants. They castigated him for playing mischief games to scuttle Ruto’s presidential bid.
“You are fake because you allowed an outsider Raila Odinga who opposed Jubilee during the previous election to great your father yet you turned to lock outside your own brother, “Kapseret legislator Oscar Sudi said.
Political analysts’ revelation that the kanu chairman has a higher chance of becoming president ahead of Ruto, has further worsened the relationship. According to Abraham Talel, political analyst, President Uhuru is likely to elbow his deputy for the Baringo Senator as his preferred successor given the Kenyan political history.
Famous handshake had caused more panic in Ruto’s political-circle. His allies argue that there are some operative forces working day and night to block their leader from becoming the Kenyan firth president. They have demanded President Kenya break the peace deal with Raila Odinga and declared Ruto as his successor.
Gideon Moi had divulged that his political difference with the Deputy President is not personal, but originated from unfulfilled development projects. He also blamed him for hurling insults at those who do not buy his ideas.
Attempts by leaders and elders to reconcile the two leaders who hail from the Northern part of the country have hit a snag. On Saturday, September 8, 2018, a group of elders revealed that their effort to bring the two together has not bear the fruit.
“As elders, we have sought to have them speak in one language as it has been for the community before but our numerous efforts have not brought forth any fruit. Our unity call to them was barely getting to deaf ears,” one of the elders reiterated.
ICE Africa awakens a multi-billion dollar industry on African soil
September 9, 2018 | 0 Comments
Ever since its legalisation on South African soil in 1994, gambling has grown into a multi-billion Rand industry in the country and, almost two decades in, the industry is worth more than R23 billion and contributes R26.9 billion into the country’s economy
LONDON, United Kingdom, September 6, 2018/ — Pietro Calicchio, Leader of the Hospitality and Gambling Industry for PricewaterhouseCoopers in South Africa, has identified the gaming industry as being one of the key contributors to improving the economic growth across Africa.
Talking ahead of this year’s ICE Africa(www.ICEAfrica.za.com), which will bring the global gaming industry and the whole African Gaming Continent together when it opens between 24 and 25 October at the Sandton Convention Centre, South Africa, Calicchio said: “The gambling industry in South Africa will continue to be adversely affected in the near term by slower economic growth, but improving economic conditions over the latter part of the forecast period will aid growth. The industry remains an important contributor to the economy through the creation of jobs, continued capital expansion and the payment of taxes to both provincial and national government.”
With approximately 30 countries in Africa containing either brick-and-mortar casinos or various types of gambling machines, the continent’s most popular gambling destination, South Africa, includes 40 casinos and an estimated 38,000 slot machines. Ever since its legalisation on South African soil in 1994, gambling has grown into a multi-billion Rand industry in the country and, almost two decades in, the industry is worth more than R23 billion and contributes R26.9 billion into the country’s economy. According to PricewaterhouseCooper’s Gambling outlook report, the industry is expected to grow at a rate of more than 5% to reach nearly R35 billion ($2.5 billion) by 2021.
The economic growth predicted in the report isn’t confined to South Africa, as significant amounts of gambling occur in Botswana, Cameroon, Egypt, Ghana, Morocco, Namibia, Zimbabwe and Uganda, all of which will be key focuses on the ICE Africa agenda. Gross Gambling revenues of Africa’s biggest economy, Nigeria, are expected to grow by 16% over the next five years and a country- wide lottery called Quick Lotto is to be rolled out in the future. The Former chairman of the senate committee on Capital Market, Ayo Arise, believes that the launch of a national lottery service would generate additional tax revenues and create jobs. According to Arise, around 20% of the profits generated from the national lottery are to be directed to the Federal government, which is set to use the money for good causes.
As Africa’s gambling industry continues to grow from a revenue perspective and the noose on regulations become tighter, there is a need for the industry to reinvent itself and to align with worldwide trends to ensure sustainability for operators and the countries alike. Clarion Gaming, the organisers behind ICE Africa, are committed to developing the industry on the continent, claiming they will apply the same level of attention to detail, thinking, creativity and professionalism that goes into delivering their flagship ICE brand globally and will put industry innovation firmly on the agenda. In August, the event confirmed international speaker and Director for Global Gaming Africa John Kamara as the event ambassador for ICE Africa and the Clarion team are working with partners on the ground in order to deliver a world class business event for the continent, which marks the first time the ICE brand explores territories outside of the United Kingdom.
For more information on the first ICE Africa and to register, visit the ICE Africa website: www.ICEAfrica.za.com.
ICE Africa (www.ICEAfrica.za.com) is part of the Clarion Gaming stable of events and publications for the international gaming community, including: intelligence resources Totally Gaming and iGaming Business; the Totally Gaming Academy training series, and a full portfolio of conferences and exhibitions, including ICE London, iGB Live!, regional Gaming Congresses, the WrB series and the Affiliate Conference series.
Yoco Secures Series B Raise of $16M, Led by Partech
September 9, 2018 | 0 Comments
Xx September 2018. Johannesburg, South Africa. Yoco, the South African-based Point of Sale payments provider, has raised a Series B round of US$16M led by Partech, a Venture Capital firm based in Silicon Valley, Europe and Africa, with participation from Orange Digital Ventures, FMO (The Dutch Development Bank) and existing Series A investors Quona Capital and Velocity Capital. Yoco will leverage its Series B to grow its network of small business merchants, invest in product development, operational scalability and attracting top-tier fintech talent. It brings the company’s total investment to US$23M. Cyril Collon, General Partner at Partech and Co-lead of the Partech Africa Fund will join Yoco’s Board.
Yoco builds tools and services to help small businesses accept card payments and manage their day to day activities. Since launching its first product in late 2015, a card reader that connects with a merchant’s smartphone or tablet, the company has grown its base to over 27,000 South African small businesses, 75% of which had never accepted cards previously. The company is adding more than 1,500 new merchants every month, making it South Africa’s largest and fastest growing independent card payments provider by number of merchants, more than tripling in size since raising its Series A in early 2017.
Founded by Katlego Maphai (CEO), Carl Wazen (Chief Business Officer), Bradley Wattrus (CFO) and Lungisa Matshoba (CTO), the fintech company was built to address the pain points that small businesses face when trying to get a card machine. Only 7% of South African small businesses accept card payments, despite South Africa having a card penetration of 75%, with debit cards being the dominant wallet in the country. There are over 1 million small businesses in South Africa ripe for card acceptance. Yoco is closing this acceptance gap by making card payments more accessible through its trusted and secure platform. It lowered the cost of ownership of a card machine by a factor of seven by removing monthly fees and lock-in contracts. Signing up online takes 10 minutes and over 98% of businesses who apply get approved, thanks to its proprietary fraud management system.
“Small businesses, fundamental to sustainable economic growth, are generally underserved in our part of the world due to their size. Running a business is hard enough, we believe accepting money shouldn’t be. We built Yoco on the key pillars of access and trust. Transforming the long and prohibitive process of applying for a card machine into a simple consumer-like product purchase that can happen online or at the store in minutes”, says Katlego Maphai, Yoco Co-founder and CEO. He continues, “Our Series B investment allows us to continue to scale our operations and deliver a world-class product experience that enables small businesses to thrive”
Yoco’s strategy is to partner with small businesses early in their life cycle and actively help them grow. It has been adding services to its payments solution, which now includes point of sale software, business intelligence, accounting integrations, and working capital financing, in its bid to create an operating system for the small business.
Cyril Collon, partner at Partech said: “Yoco has built a product set and quality operations placing it as a top fintech company not only in South Africa but also globally. We are excited to have Yoco as the second investment from our Africa fund. Consumer spending in Africa amounts to over $1.4 trillion, much of which is driven by small businesses. Yoco’s ability to use technology to solve real problems for African small businesses at scale makes it a unique implementation of our investment strategy”.
Yoco has long-term ambitions to be a pan-African player. The company believes the convergence of digital payments and software driven value-added services is inevitable in Africa. It has explored various Sub-Saharan markets in the past year, including running pilots in two markets.
“We envision that millions of small businesses across the continent will one day use a connected, digital platform to run their businesses and we want to be that platform. The model and approach will differ per market and we are playing a long game. Our new investors are global with strong African footprints and will be great partners in this journey,” says Carl Wazen, Co-founder and Chief Business Officer.
For additional information or interview requests with Yoco CEO Katlego Maphai or Chief Business Officer Carl Wazen, please contact Maria Adediran | email@example.com or Lerato Chiyangwa | firstname.lastname@example.org of Wimbart
Full media pack including images, logos and video content can be found here
Yoco (www.yoco.com) is committed to empowering the growth of entrepreneurs in South Africa through smart technology. Yoco launched its first product in late 2015, a mobile card reader that connects to a merchant’s smartphone or tablet. Today, over 27,000 South African small businesses use Yoco’s card readers and point of sale software to get paid and manage their businesses.
Partech is a global investment firm with offices in San Francisco, Paris, Berlin and Dakar. We bring together capital, operational experience and strategic support for entrepreneurs at seed, venture and growth stages across multiple continents, with over $1.2B investment capacity. Investments range from $200K to $50M in a wide range of technologies and businesses for enterprises and consumers, from software, digital brands and services, to hardware and deep tech across all major industries. Companies backed by Partech have completed more than 20 initial public offerings and more than 50 strategic exits above $100M.
Our current portfolio: https://partechpartners.com/companies/
Zimbabwe’s newly elected President urged to place women’s rights on the agenda
September 8, 2018 | 0 Comments
By Wallace Mawire
The Women’s Coalition of Zimbabwe (WCOZ) has urge the President of Zimbabwe, Emmerson Mnangagwa and his administration to ensure women’s rights are at the centre in the implementation of commitments they have made.
WCOZ said that of critical importance is ensuring that gender
sensitive and gender responsive structures are strengthened and
“The Women’s Coalition of Zimbabwe (WCOZ), representing nonpartisan
women’s rights organizations and activists in all 10 provinces of
Zimbabwe wishes to join the rest of Zimbabwe in congratulating His
Excellence, Emmerson Mnangagwa on his election and inauguration as the
President of the Republic of Zimbabwe” WCOZ said.
WCoZ said that it acknowledges and takes cognisance of the commitments
that his Excellence made in his speech during his inauguration which
include the need for Zimbabwe’s renewal in all socio economic sectors,
to position the country in readiness for economic growth,
industrialization, modernization and mechanization, employment
creation, democracy, delivery of efficient and quality social services
and equally important, the advancement and empowerment of women, youth
and the disabled.
Women’s Coalition of Zimbabwe said it called upon the President to,
appoint a gender balanced executive,appoint women in the portfolios of
Health, Finance, Education, Foreign Affairs and Defense Ministries, to
which men have been perennially appointed,extend the women quotas
beyond 2023 and this to be applicable to local government as
well,ensure the State puts in place incentives and punitive measures
through the review of the Political Parties Finance Act for political
parties that fail the 50 percent gender representation,ensure full
domestication of the United Nations Convention of the Rights of
Persons with Disabilities, underpinned by women’s rights,allocate 15%
of the total 2018 budget to the Health sector in line with the Abuja
Declaration, and a return to the prioritization of the primary health
care model in Zimbabwe.
The new President has also been called upon to implement laws that
significantly improve the state’s response to eradicating gender based
“We want marriage law reform to be accelerated, in particular the
finalization of the marriage Bill which will put to rest the
contradictions on the age of consent to marriage and set it to 18
years. We also need implementation of laws ensuring the prosecution of
offenders that are marrying young girls,’ WCOZ said.
The Presidum has also been called upon to take all measures to end
violence against women in public and private spaces and further ensure
that women are represented in the independent commission investigating
cases of political violence that occurred on the 1st of August 2018,to
demonstrate the respect of the right to freedom of expression by the
removal of laws that erode these rights, including AIPPA and POSA,
whilst ensuring that hate speech is not tolerated and that public
political affairs are promoting women voices, dignity and influence to
positively shape public opinion,ensure that all laws that relate to
allocation of land such as the Rural Lands Act, Agricultural land
Settlement Act and land Acquisition Act have gender equality
provisions and reserved quotas, ensuring that Statutory Instrument 53
of 2014 on Land is made into an Act of Parliament to enable women to
have secure land rights upon divorce and death of the permit
holder,ensure that the Zimbabwe open for business mantra is gender
Government has also been urged to commit to improving quality and
quantity of care-related infrastructure and services that is well
targeted at those doing substantial UCW, e.g, water supply, community
health services, electricity supply. “Government should also dedicate
adequate resources to achieve this”.
“We therefore expect that the office of the president, all duty
bearers with a mandate to advance Women’s Rights and Gender Equality
will be alive to the demands we have expressed in this statement”,
said Ronika Mumbire (Chairperson), Sally Ncube (National Coordinator)
of the WCOZ.
Zimbabwe’s reliance on coal described as tragic and no longer sustainable
September 8, 2018 | 0 Comments
…..Its time for country to tap on the abundant sunshine; many
By Wallace Mawire
Various stakeholders in the sustainable development sector in
Zimbabwe have highlighted that its now time Zimbabwe should begin to
seriously consider using other renewable forms of energy like the
abundant solar energy, instead of continued use of dirty fossil fuels
like coal and diesel.
The calls for the transition to renewable energy forms like solar,
wind and biogas are coming amid reports that Zimbabwe under the Hwange
Colliery company has planned the building of 15 new coal plants, of
which six are reported to be in the pre-permit stage. This is also
happening at a time the country is grappling with the effects of
climate change and the use of coal fired plants reportedly
exacerbates carbon emissions into the atmosphere.
Tendayi Marowa, Vice Chairman of the Business Council on Sustainable
Development Zimbabwe (BCSDZ) technical committee on energy and climate
change said that the biggest emitter in the country was Hwange power
Marowa said the deforestation rate was very high and
afforestation was very low. Trees are very essential to remove carbon
dioxide from the atmosphere. Carbon emissions contribute to climate
He emphasised the need for Zimbabwe to now focus on available and
cheap forms of renewable energies like solar power which are readily
available and to now start minimising use of coal fired thermal
“We have 16 mega megajoules daily of solar power in Zimbabwe,
which is three times the global average which offers us the
opportunity to minimise our energy poverty in the country. This also
offers an opportunity for our industries to consider using solar and
not put too much reliance on the national grid. The energy mix should
now consider use of solar enegry,” Marowa said.
Isaiah Nyakusendwa, Chairperson on the Renewable Energy Association
of Zimbabwe (REAZ) also highlighted that Zimbabwe had 16 to 20
megajoules per square metre per day of solar and there was a lot of
unexploited solar energy in the country.
He gave the example of a solar plant at Mutoko which he said was now
feeding into the national grid. He also added that the Zimbabwe
Defence Forces (ZDF) was working on completing a 100MW solar project
to boost power supply in the country.
Tawanda Muzamwese, Director of the Business Council on Sustainable
Development Zimbabwe said that solar technologies were now being
encouraged at companies in Zimbabwe to supplement energy. He said that
it was time to unleash solar power potential.
Ronan Bescond, Managing Director of Total Zimbabwe (PVT) LTD said
that his company had recently completed a solar power plant project in
Burkina Faso at a gold milling plant. He also said that the company
was planning on bringing the same initiatives to Zimbabwe. According
to Bescond, Total Zimbabwe has plans to solarise at least 75 of its
fuel stations in the country.
Dr Joseph Kuhudzai, Group Sales Manager for Distributed Power Africa
(DPA) company, a member of the Econet Group said that his company
which is a subsidiary of the Econet mobile communications company
was working on installing solar-powered generators to reduce the use
of diesel powered generators which increase more carbon emissions into
the atmosphere. Kuhudzai said that it was no longer sustainable to add
more coal plants at Hwange power station. He said that there was now
need to drive solar and other forms of renewable energy to meet energy
demands in Africa at large.
He added that renewable energy projects were quicker to role out and
cheaper. His company had installed a 100KW plant at Econet in Msasa,
Harare which was powering commercial ovens at the company kitchen.
“There is now need to cut the dirty production from coal at Hwange
and accelerate the adoption of solar energy,” Dr Kuhudzai said.
His company was also planning to install a 100KW solar plant at
Hwange. He added that the national power grid in Zimbabwe was now
very old with very low voltages and solar systems would balance the
Coal increases greenhouse gas emissions and that is the reason why
more proponents are calling for the quicker and cheaper way of tapping
on the abundant sunshine in the country. In Zimbabwe, the private
sector and other energy associations are beginning to appreciate the
need to shift to other forms of renewable energy. However, there seems
to be a slow pace from government’s side in stopping new fossil fuel
projects. There is now hope form the proposed Renewable Energy
policy on the stable which is giving new hope that there could be
regulatory framework to intensify the use of reliable and clean forms
of energy unlike coal.
Dr Christopher Mabezah, a Climate Expert in Zimbabwe said it was
rather tragic that Zimbabwe was still relying on coal when it has
abundant solar energy. He said that it was now necessary and possible
to advance the rural electrification project using solar energy. He
said it was also very expensive to use thermal power. In Zimbabwe he
also said that Hwange and Munyati power stations were the biggest
emitters. However, he lamented the fact that he was not seeing the
authorities in Zimbabwe discarding the use of coal any time soon and
described it as tragic especially with the abundance of solar energy
at the country’s disposal.
Mabezah also said that in neighbouring South Africa, the coal-fired
Eskom utility was the worst polluter.
South Africa has abundant coal reserves. South Africa’s
infrastructure to generate electricity from coal is well established.