South Africa remains one of the most important trading partners for Zimbabwe; with Zimbabwe importing 40% of its total imports and exporting 75% of its total exports to South Africa.

Since 2007, South Africa has always maintained a trade surplus with Zimbabwe with the surplus widening over the review period mainly attributed to the economic instability experienced in Zimbabwe and the volatility of the South African Rand to the US dollar.

But with the violent events that unfolded in South Africa this past week continually present renewed purpose for some serious soul searching by Zimbabwe’s economic decision makers on how to model the economy out of the dependency on its neighbor to the south for raw materials and other essentials, according to the economic experts.

South Africa’s KwaZulu Natal and Gauteng provinces the two strategic economic areas broke into mayhem last week as looters ransacked major retail shops, banks and …

A plan seeking to revive tourism in East Africa has been approved, following the negative impact of the coronavirus pandemic on the sector.

Dubbed ‘The EAC Regional COVID-19 Tourism Recovery Plan’, the map was approved by the East African Community Sectoral Council led by Kenya’s Cabinet Secretary for Tourism and Wildlife, Najib Balala.

Tourism ministers from the East Africa Community noted that some partner states had already instituted measures such as the formulation of stimulus packages aimed at re-igniting the sector and supporting tourism investments including the Small and Micro Enterprises.

In his opening remarks, Balala underscored the importance of the Partner States working together especially in addressing the impact of the COVID-19 pandemic on the sector and in joint tourism recovery efforts.

“The COVID-19 pandemic has taught all of some really important lessons. For instance, domestic and regional tourism markets are really important and they can help in making …

Rural businesses in Africa will benefit from an ambitious new financing programme launched by the UN’s International Fund for Agricultural Development (IFAD), as part of its broader efforts to address rising hunger and poverty levels in the world’s poorest countries.

In a statement, IFAD says the programme, dubbed ‘The Private Sector Financing Programme (PSFP)’, aims to spearhead an increase in private investment in small and medium-sized enterprises (SMEs), farmers’ organizations and financial intermediaries servicing small-scale farmers, which are too often neglected by investors.

It will provide loans, risk management instruments (such as guarantees), and equity investments.

Commenting on the development, Gilbert F. Houngbo, President of IFAD said there is need to urgently stimulate more private sector investments to rural areas and unlock the immense entrepreneurial potential of millions of rural SMEs and small producers.

“With access to capital, they can attract more investors and partners, grow their businesses and create …

The United Nations has released a report indicating that there was a dramatic worsening of world hunger in 2020, much of it likely related to the fallout of COVID-19.

The multi-agency report estimates that around a tenth of the global population – up to 811 million people – were undernourished last year, even though the pandemic’s impact has yet to be fully mapped.

The number suggests it will take a tremendous effort for the world to honour its pledge to end hunger by 2030.

This year’s edition of The State of Food Security and Nutrition in the World is the first global assessment of its kind in the pandemic era.

The report is jointly published by the Food and Agriculture Organization of the United Nations (FAO), the International Fund for Agricultural Development (IFAD), the United Nations Children’s Fund (UNICEF), the UN World Food Programme (WFP) and the World Health Organization …

Synergetic Trees is embarking on a drive to invest in people, jobs, and the economy. The benefits of trees will increase exponentially if properly invested in. We can call upon nature’s power to build the resilience of the Earth and its inhabitants.  In the not-so-distant past, we have created thousands of entrepreneurs through vehicle such as The Institute 4 Success, Working on Fire, The First National Bank Incubator, to name a few.  With Synergetic Trees serving as our global platform, we plan to create millions of jobs, according to Dr. Bahadur CEO of Synergetic Trees. 

“Someone is sitting in the shade today because someone planted a tree a long time ago.”

― Warren Buffett, American investor and philanthropist

Making a difference starts from within, starting with one job created at a time. As national governments worldwide grapple with the devastating consequences of COVID-19, policies are being implemented that …

Kenya’s national carrier Kenya Airways has launched a centre which it says will be used to mentor the youth.

In a statement, the company says the centre, dubbed ‘Fahari Innovation Hub’, will act as a springboard for new ideas and data-driven innovations to accelerate impact-driven solutions that address some of the societal and business challenges.

Kenya Airways Chief Executive Officer, Allan Kilavuka said the Fahari Innovation Hub has already been operating virtually for about one year.

He added that with the setting of a physical workspace, the hub will provide a centre for strategic innovation management offering opportunities for co-creation, collaboration, networking, research, and learning.

“At the pace at which change accelerates, especially now in the middle of a global pandemic, we have become increasingly aware of the need to be innovative as we position the business as a resilient, forward-looking and sustainable company with a deliberate inclusive agenda of …