Regional News

Turnall banking on exports

TURNALL PINS HOPES ON EXPORTS
Harare, May 31, 2012 (New Ziana) –Construction materials manufacturer Turnall Holdings said on Thursday it will be relying on exports to South Africa to boost its performance in the second half of the year.
The company, which has secured a US$4 million contract in South Africa, however said its performance would be subdued in the first half due to lack of construction activities.
Managing director John Jere told shareholders at an annual general meeting the second half of the year accounted for 60 percent of the firm's performance.
“Exports into South Africa are going to be key in driving growth. We have now secured a sizeable contract for US$4 million for delivery starting June 2012,” he said.
Turnall is exporting to South Africa roofing materials produced at its non-asbestos plant, which was accredited by the South African Bureau of Standards (SABS) last year.
In spite of the deal, Jere said the company's financial performance in the first half of the year was anticipated to be below last year's performance.
By end of June, group operating profit is forecast to be US$2.4 million, twelve percent below last year while turnover is anticipated to be US$18 million, nine percent below the same period last year.
Meanwhile, in the first four months ending April, Turnall recorded a 23 percent jump in operating profit to US$1.6 million.
Turnover during the same period was at US$12 million, up six percent from last year.
Jere said the agriculture sector, especially construction activities related to tobacco production were the main volume drivers.
Private home construction and informal construction were also attributable for the growth in volumes.
By the end of the four months, volumes were at 20 619 tonnes, up six percent from the same period last year.
“Below par performance came largely from pipes, largely because of  funding delays,” the Turnall boss said.
New Ziana

Youths urged to remain vigilant against imperialsm

YOUTHS URGED TO REMAIN VIGILANT IN FIGHT AGAINST IMPERIALISM
Harare May 23, 2012 (New Ziana) -Zanu PF national chairman Simon Khaya Moyo on Wednesday urged youths to remain firm in the fight against Western imperialism.
Officially opening the general council meeting of the World Federation of Democratic Youth (WFDY), Khaya Moyo said youths played a pivotal role in defeating efforts by Western powers to impose dominance over developing countries.
“Now is the time for you to take total control of your destiny. This cannot be an academic exercise. It must be practical action. Do not postpone action and say next week, you will be swept away by the enemy before next week comes,” he said.
“Youths must always be action oriented, have a desire to overcome because we are dealing with a very vicious enemy.”
Khaya Moyo said youths should not be tempted to sell out but instead safeguard the gains of the revolution.
He applauded members of WFDY for resisting machinations of the imperialists and remaining steadfast in the face of aggressive imperialism.
“Youths represented here have demonstrated beyond doubt that they have energy, vibrancy and of cause you have always taken a principled stand on issues pertaining to promotion of democracy, human dignity and defence of our democracy.
“We admire your courage, steadfastness, solidarity, vision and uncompromising rejection of pseudo democracy as championed by Western powers,” he said.
“You have refused re-colonization, you have rejected puppetry so admired by sellouts in our midst we have them here in Zimbabwe who claim leadership which is remote controlled by their masters.”
Khaya Moyo urged the youths to remain disciplined and united in their fight against western forces.
He also urged the youths to take up opportunities availed to them and empower themselves.
The WFDY meeting is running from the 22nd to the 26th of May under the theme “Youth Struggles against Imperialism: We choose our own future.”
Countries represented include Venezuela, India, Portugal, Sri Lanka, Zambia, Namibia, Palestine, South Sudan, Zambia and South Africa.
WFDY is a leftist youth organisation recognized by the United Nations as an international youth Non-Governmental Organization.
It describes itself as an “anti- imperialist, leftwing” organization.
The WFDY was founded in London in 1945 as a broad international youth movement at the end of the Second World War with the aim of uniting youth from the Allied powers behind an anti-fascist platform that was broadly pro-peace, anti-nuclear war, expressing friendship between friendships between youth of the capitalist and socialist or so-called Eastern Bloc countries.
New Ziana

Zim beekeepers to attend Tanzania honey exhibition

ZIM BEEKEEPERS TO ATTEND TANZANIA HONEY EXHIBITION
Harare May 16, 2012 (New Ziana) –Players in the beekeeping industry in Zimbabwe have been invited to participate in the Dar es Salaam International Honey Exhibition in Tanzania in October this year.
The exhibition will be held at the Julius Nyerere Fair Grounds from October 4 to 7.
Tanzanian ambassador to Zimbabwe Adadi Rajabu said the fair was a platform to exchange ideas.
“We will be grateful to receive Zimbabwe business community who can both exhibit modern devices, equipments and machines related to the honey sector,” he said.
Beekeeping is an emerging business venture that has become a source of livelihood to a number of small holder farmers.
The Beekeepers Association of Zimbabwe (BKAZ) and other government departments are championing bee farming in the country.
So far a number of smallholder farmers have been assisted to make beekeeping commercial although marketing remains a major challenge.
Most beekeepers have adopted modern bee hives resulting in increased yields.
New Ziana

Zim strategically positioned for investment

ZIMBABWE STRATEGICALLY POSITIONED FOR INVESTMENT: ZIA
Harare May 7, 2012 (New Ziana) –Zimbabwe’s strategic positioning in the region enables it to access a market of more than 400 million people which investors must take advantage of and exploit, an official said Tuesday.
Zimbabwe Investment Authority (ZIA) chief executive officer Richard Mubaiwa said the market could be accessed whilst based in Zimbabwe.
“The country is a regional gateway from the North to South corridor,” he said.
“One can conduct business logistics with regional partners without too many hustles which make transactions cheap,” he added.
Mubaiwa said foreign investors and Zimbabweans living abroad should utilize the county’s accessibility and exploit available business opportunities.
“Zimbabwe’s business environment is supported by good infrastructure such as railways, roads, power and telecommunications,” he said.   
“The country is endowed with natural resources and the economy is diverse with opportunities in manufacturing, services, agriculture, mining and tourism,” he added.
Mubaiwa said Zimbabweans living abroad should play a critical role in the growth and development of the economy.
“We urge them to take advantage of the opportunities available and invest in their country now. Experience has shown that there is nothing to wait for.”
He said the targeted 25 percent investment as a percentage of Gross Domestic Product (GDP) by 2015 should have a major component of diaspora investment.
Foreign direct investment (FDI), Mubaiwa said, would quench the country’s liquidity challenges.
Meanwhile the Zimbabwe Investment Authority has in the first quarter of the year approved 39 projects valued at nearly US$152.8 million with the bulk in the mining and manufacturing sectors.
Last year projects worth more than US$6.6 billion were approved and were expected to bring fresh capital injection into the economy.
New Ziana

Zim and Zambia urged to prioritize agric sector

ZAMBIA AND ZIMBABWE URGED TO PRIORITIZE AGRIC SECTOR

Bulawayo April 27, 2012 (New Ziana) -Visiting Zambian President Michael Sata on Friday said his country and Zimbabwe should prioritize the agricultural sector to attain breadbasket status and enhance food security in the region.
Officially opening the 53rd edition of the annual Zimbabwe International Trade Fair (ZITF) the Zambian leader said agriculture remained the principal employer in the rural areas of the countries.

“Our two countries are endowed with fertile soil and have capacity to be bread baskets of Africa and the world. It is therefore imperative to address challenges and enhance productivity in the agricultural sector,” he said.
President Sata reiterated the importance of research and development in building the economies of the two countries.
He said companies should adopt technologies that enable them to improve their products.
"We also need to explore and incorporate new technologies for our products to compete regionally and internationally.
“For it is through this that we will be able to build our local capacities and improve competitiveness of our goods and services on the global market,” he said.
President Sata hailed the organizers of this year’s trade fair.
He said events of this nature were important as they enabled companies from diverse backgrounds to interact and create business synergies.
This year’s theme “Investing Locally and Reaping Globally” was appropriate in that it enabled the country to create product that compete effectively on the global market, he said.
President Sata encouraged Zimbabwean and Zambian companies to explore various business opportunities in order to cement relations between the two countries.
He said it was important for local entrepreneurs to incorporate value addition to increase trade between the two neighbors.
Zambia is Zimbabwe’s fourth largest trading partner with relations dating back to the days of British colonial rule in both countries.
President Sata, who is on his first official visit to Zimbabwe, arrived in the country on Wednesday accompanied by first lady Dr Christine Kaseba.
Several high ranking government officials including Vice President Joice Mujuru, Vice President John Nkomo, Deputy Prime Minister Thokozani Khupe, service chiefs, Speaker of the House of Assembly Lovemore Moyo and cabinet Ministers attended the opening ceremony.
Zimbabwean first lady Grace Mugabe together with her two sons Robert Jnr and Chatunga also attended the opening ceremony.
New Ziana

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