BH24 26 april 2016

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  • By Tawanda Musarurwa

    HARARE Zimbabwe Plat-inum Holdings posted a 71 percent jump in platinum output to 89 000 ounces (oz) from for the quarter ended March 31, 2016 from 52 000oz in the prior com-parable period.

    Zimplats' increased plat-inum output had a sig-nif icant impact on South African-based parent f irm Impala Platinum (Implats) which saw its production for the period rise by 17 percent.

    Gross refined platinum pro-duction for the group stood at 353 000oz for the quarter

    News Update as @ 1530 hours, Tuesday 26 April 2016


    Zimplats Q3 output up 71pc

  • just ended, from 301 000oz same period in 2015.

    Implats attributed the rise in the Zimbabwean divi-sion's output to " increased mil l ing rate and the release of stockpiled concentrates fol lowing a furnace outage in the final quarter of FY2015."

    The local platinum produc-er's tonnes mil led during the quarter ended March 31, 2016 rose 30 percent to 1,65 mil l ion tonnes up from 1,26 mil l ion tonnes in the prior corresponding period.

    Mil l throughput over the nine-month period under review increased by 27 per-cent to 4,77 mil l ion tonnes, compared to 3,74 mil l ion tonnes in the corresponding prior period.

    "The higher throughput was directly attributable to the measures implemented to recover production loses as

    a result of the safety closure of the Bimha Mine in August 2014," reported Implats.

    Platinum in matte for the nine months ended March 31, 2016 was 42 percent higher at 220 000oz, com-pared to 155 000oz in the prior comparable period.

    The platinum giant said Zim-plats continues to engage with the Zimbabwean Gov-ernment with regards to the indigenisation implementa-tion plan and "the securing of a more conducive regu-latory and fiscal framework for the mining industry in Zimbabwe".

    Implats holds an 87 percent stake in Zimplats, as well as 50-50 joint venture with Aquarius Platinum in another Zimbabwe-based platinum producer, Mimosa Platinum Mine.

    At Mimosa tonnes mil led

    increased by 8,7 percent to 676 000 tonnes for the period under review.

    Platinum in concentrate production for the quarter increased as a result of the increased mil l throughput to 30 000oz compared to 28 000oz in the same period last year.

    Tonnes mil led during the nine-month period ended March 31, 2016 increased by 3,3 percent to 1,99 mil l ion tonnes, compared to 1,92 mil l ion tonnes in the corre-sponding prior period.

    Implats reported that the increased throughput at Mimosa resulted in 2,3 percent higher platinum in concentrate production of 90 000 platinum ounces com-pared to 88 000 platinum ounces in the prior compara-ble period.

    2 NEws

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  • BH24



  • BH24 Reporter

    HARARE -Zimbabwe is now the biggest investment des-tination for Chinese firms in agriculture in the region, but some of the investors have called for removal of risks associated with the sector for them to do more, an official has said.

    The director of Chinas department of international cooperation in the Ministry of Agriculture, Mr Ye Anping, said yesterday that the Southern African country had many advantages in agricul-ture compared to its neigh-bours.

    He was answering a ques-tion from The Herald while addressing journalists from 22 African countries who are attached to the China-Africa Press Centre for this year.

    I have information that Zim-babwe has good and a better infrastructure compared to

    its neighbouring countries, also the production system is complete in Zimbabwe, said Mr Ye.

    So, this is why many Chi-nese enterprises are very interested in investing in Zimbabwe in agriculture. Actually, China is has bigger investments in Zimbabwe compared to its neighbouring countries.

    But Mr Ye said the Chinese investors had noted some gaps in the investment cli-mate in Zimbabwes agricul-tural sector.

    First, the policy of agri-

    culture in Zimbabwe is less transparent and it is uncer-tain and this is the reason why many Chinese enter-prises have their own con-cerns, he said.

    The other issue the Chinese enterprises have on Zimba-bwe is that when they want to expand their business they find it hard to get loans from financial institutions in Zimbabwe.

    However, the fact is, it is not only agricultural compa-nies, but other enterprises that have a huge interest ...

    ...Continued on page 8

    Zim now biggest investor destination for Chinese agric firms

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  • BH24

    Notice is hereby given to all beneficiaries of ROCKLANDS AND NEW RETREAT low density housing schemes that the payment of

    servicing contributions by majority of the beneficiaries is lagging behind the schedule. The stipulated period of paying servicing contributions

    was between 01 December 2015 and 31 March 2016. The slow payment progress affects the commencement of the projects because of

    insufficient funds in the Dedicated Account. After dual meetings held between council and the respective development committees of Rocklands

    and New Retreat housing schemes between March 2016 and April 2016 a consensus was reached that the payment period for water reticulation

    servicing contributions be extended up to the 30th of June 2016. Beneficiaries who have not yet paid their contributions are therefore advised to

    do so by 30 June 2016 without fail. It is also imperative to note that council has unilateral mandate to repossess stands allocated to those

    beneficiaries who do not comply with payment of land development levies and servicing contributions as stipulated.

    Stand servicing contribution remains at US$400 and US$299.87 for Rocklands and New Retreat respectively.

    Council also notes with concern that a number of beneficiaries are not paying land development levies as stipulated in the lease agreements that

    they entered into with council. Beneficiaries are hereby reminded to pay their levies failure of which council will not hesitate to take legal action

    against them to recover the money.

    For any queries related to the matter above please do not hesitate to send us an email on or call

    us on any of the following telephone numbers, (065) 218/239/404/434 or pay us a visit at the physical address provided below:

    Manyame Rural District Council

    Stand 34, Beatrice

    "Let us work together in the creation of self-sufficient communities by bringing the drop of life at our households."








  • BH24




    Publication date: The date this notice appears on the AfDB website Technical Points: 86.06

    Country: Republic of Zimbabwe Price read out: USD 1,606,675.00 Excluding local VAT

    Executing Agency: Zimbabwe Multi-Donor Trust Fund Management Unit USD Evaluated Price: USD 1,606,679.00 Excluding local VAT

    (MMU) Final weighted score: 88.85

    Name of Project/Study:Urgent Water Supply and Sanitation Rehabilitation Ranking: 1

    Project Phase II (UWSSRPII)

    Loan/Grant Number: Grant: 5850155000251 Name: SETEC Engineering GmbH & Co KG

    Name of Request for Nationality: Austria

    Proposals (RFP): UWSSRPII/005, Consulting Services for Capacity Address: Feldkirchnerstrasse 50, 9020 Klagenfurt

    Development, Non-Revenue Water & Customer Care In Joint Venture with

    Management for Greater Name: H. P. Gauff Ingenieure GmbH & Co. KG- JBG

    Harare and Investment Planning for Redcliff. Nationality: Germany

    Selection Method: QCBS Technical Points: 87.81

    Price read out: USD 1,895,560.00 Excluding local VATrd

    Date of publication of EOI: 3 August 2015 USD Evaluated Price: USD 1,895,560.00 Excluding local VATth

    Final weighted score: 87.20Date of publication of RFP: 7 October 2015th

    Ranking: 2Technical Proposals opening date: 18 November 2015th

    Financial Proposals opening date: 14 January 2016

    Name: Niras A/SDate of approval by the Bank of th

    Nationality: Denmarkthe draft negotiated Contract: 11 April 2016rd

    Address: Bredgade 30, 3 Floor, 5, 1260 Copenhagen

    In joint venture with:Name of Selected Consultant: Vitens Evides International BV

    Name: Rodeco Consulting GmbHNationality: Netherlands

    Nationality: GermanyAddress: Reactorweg 47, 3542 AD Utrecht

    Technical Points: 82.56Contract Award Price: USD 1,606,675.00 Excluding local VAT

    Price read out: USD 1,688,042.00 Excluding local VATContract Start date: May 2016

    USD Evaluated Price: USD 1,688,315.00 Excluding local VATContract Duration: 18 months

    Final weighted score: 85.08Summary of Scope of Contract Awarded: Task 1: Design a Non-Revenue

    Ranking: 3Water Reduction Programme for Harare;

    Task 2: Design and deliver an O & M

    Name: SMEC International (Pty) LtdHuman Capital Development Programme

    Nationality: Australiathat will provide training for administrative

    Address: 220-226 Sharp Street, Cooma, NSW 2630and financial staff;

    Technical Points: 71.94Task 3: Design a Medium and Long Term

    Did not reach the pass score of 80 so the Financial Proposal was not opened.Water Supply and Sanitation Investment

    Plan for the Redcliff Municipality.

    N.B.: Any consultant who wishes to ascertain the grounds on which its proposal was not

    selected, should request an explanation from the Executing Agency. In any event, the Total Number of Proposals Received: 4

    Bank reserves the right to review any complaint of a bidder at any time following the

    award.For each Consultant:

    Name: Vitens Evides International BV

    Nationality: Netherlands

    Address: Reactorweg 47, 3542 AD Utrecht


  • 8 NEws

















    BINDURA: 0772 139153

    BULAWAYO: 0777 273919

    CHEGUTU: 0776 755825

    CHINHOYI: 0772 163344

    CHIPINGE: 0776 755826

    CHIREDZI: 0772 194688

    CHIVHU: 0772 194686

    GOKWE: 0782 711711

    GURUVE: 0733 056591

    GWANDA: 0782 762962

    GWERU: 0782 709903

    HARARE: 0772 139157

    HWANGE: 0782 768237

    KADOMA: 0776 755822

    KAROI: 0776 755823

    KWEKWE: 0782 703620

    MARONDERA: 0776 755819

    MASVINGO: 0772 194687

    MT DARWIN: 0776 755827

    MUREWA: 0772 156458

    MVURWI: 0772 163345

    MUTARE: 0772 145001

    RUSAPE: 0776 755824

    ZVISHAVANE: 0782 784320

    TOLL FREE: 08080073


    LOANSInstant Turnaround

    BRIT DI368



    Continued From Page 5

    in investing in agriculture in Zimbabwe.

    Mr Ye said the situation was not peculiar to Zimbabwe as different enterprises have different challenges and difficulties in other African countries.

    He said in some African countries, it was difficult for Chinese companies to remit foreign currency, while in others they were not allowed to bring their own workers.

    Zimbabwe has since adopted the Look East Policy which is meant to increase its contact and business, mainly with China.

    Mr Ye said he believed that the land reform programme was done according to Zim-babwes own situation and that its aim was to increase productivity, guarantee food security and raise peoples income.

    China, Mr Ye said, was work-

    ing on a new round of food assistance to some Southern African countries, includ-ing Zimbabwe, that were affected by a devastating drought last season.

    We provide free of charge food to African countries through multi-national or bilateral channels, he said. Through multi-national channels, we use the channel of the United Nations food programme to offer food as assistance to African coun-tries.

    I think some of you have already heard that in the southern part and the east-ern part of African coun-tries we have seen some abnormal climate change issues recently and this has resulted in severe food shortages, so China is now issuing a new round of free assistance of food to African countries and this is through multi-national and bilateral channels.

    Mr Ye said the Asian eco-nomic giant was increasing

    its cooperation with African countries in agriculture.

    He said since 2006, his country has established 25 agricultural demonstration centres in 24 countries which have so far trained more than 50 000 experts and farmers.

    Chinese agricultural experts and technicians were being send to African countries, while some from Africa were coming to China for further training, said Mr Ye.

    The Government in January signed a deal with a Chinese firm to set up eight satellite agricultural demonstration centers and experimental farms across the country.

    Debont Co. Ltd, the Chinese agricultural company run-ning the four-year-old Gwebi Agricultural Demonstration Centre, signed the agree-ment to partner eight other local agricultural colleges for the demonstration centre's expansion.

  • BH24

    1. This invitation for Bids follows the General Procurement Notice for this project 5. A complete set of the Bidding Documents in English may be obtained by

    that appeared in the United Nations Development Business online (UNDB interested Bidders through the submission of a written application (with the full th

    online) No. AfDB496-07/14 of 24 July 2014 and on the African Development name and address of the appl icant) to the emai l address:

    Bank's Internet Website ( on 30th July 2014. . No fee is due. The bidding documents will

    2. The Ministry of Finance and Economic Development, Government of the only be available electronically.

    Republic of Zimbabwe has received a grant from the Zimbabwe Multi-Donor 6. The provisions in the Instructions to Bidders and in the General Conditions of

    Trust Fund (Zim-Fund) administered by the African Development Bank (the Contract are the provisions of the African Development Bank Standard Bidding

    Bank) to finance the Urgent Water Supply and Sanitation Rehabilitation Project Document: Procurement of Goods or Procurement of Works, and the

    Phase II (UWSSRPII). The Ministry of Finance and Economic Development, Operations Manual of the Zim-Fund. Bidding shall be by International

    Government of the Republic of Zimbabwe intends to apply part of the proceeds Competitive Bidding.

    of this grant to fund: 7. Bids must be submitted to the address at 9 below on or before13:00 hours,

    British Summer Timeon 7 June 2016, and must be accompanied by a security of

    Contract Ref. UWSSRPII/016:Supply of Pipes and Fittings USD12,000 (twelve thousand United States Dollars). Bids sent electronically will

    not be accepted.

    3. The Ministry of Finance and Economic Developmenthas appointed Crown 8. Bids will be opened in the presence of bidders' representatives who choose to

    Agents Limited (Crown Agents) to act as its Procurement Agent. Crown Agents attend at 14:00 hours British Summer Time on 7 June 2016 at the address at 9

    now invites sealed bids from eligible bidders for the supply of goods and related below. The bid opening will be transmitted live to the offices of the Zim-Fund at

    services comprising: the following address:


    Item Description Quantity Zimbabwe Multi-Donor Trust Fundth

    1.1 Cast Iron Saddles: 5 Floor Joina City

    75mm 11,250 No. Cnr. J. Moyo Ave/J. Nyerere Way

    100mm 5,625 No. Harare, Zimbabwe

    150mm 1,875 No.

    1.2 Saddles for uPVC pipes: Bidders may attend either location for the public opening. Note that 14:00 hours BST is

    63mm 1,875 No. 15:00 hours Zimbabwe time.

    90mm 1,875 No.

    110mm 1,875 No. 9. Bids must be clearly marked Bid for Contract Ref: UWSSRPII/0016 Supply of

    160mm 625 No. Pipes and Fittings and delivered to:

    2. HDPE pipes, 20 mm 250,000m SCS Tender Boxo

    3.1 20mm x 90 bends 100,000No. Crown Agents Limited

    3.2 15/20mm reducer 20,000 No. St Nicholas House


    4. Postqualification will be conducted through the procedures specified in the Surrey

    Bank's Rules and Procedures for Procurement of Goods and Works (May 2008 SM1 1EL

    Edition, revised July 2012) and is open to all bidders from eligible firms and United Kingdom

    voluntarily formed joint ventures from all countries, as defined in the Telephone (for Courier purposes only): Tel: +44 20 8643 3311

    aforementioned Rules and Procedures and the Operations Manual of the Zim-




    Invitation for Bids

    Urgent Water Supply and Sanitation Rehabilitation Project Phase II

    Supply of Pipes and Fittings

    ICB Reference: UWSSRPII/016


  • By Funny Hudzerema

    HARARE -Zimbabwe larg-est cigarette manufacturer, British American Tobacco Zimbabwe (BAT) recorded a decline in sales volumes during the first quarter of the year.

    However management expects a recovery within the next three months.

    BAT managing director Mrs Clara Mlambo said the sales volumes declined sharply compared to last year due to low consumer demand of products.

    Our volumes are below those experienced last year. However we are expect-ing the volumes to pick up through a number of strat-egies and activities which we are putting in place, she said.

    Mrs Mlambo took over as managing director from Mr Lovemore Manatsa on Febru-

    ary 1, 2016.

    We just have to leverage on our portfolio to make sure we meet the various consumer needs because affordability has become a big challenge.

    One of the key strategies which we launched last week is this years edition of the Madison mega promotion which has running for the last 14 years, she said.

    She added that the promo-tion has seen the company increasing in its volumes over the years.

    So we are expecting an increase in volumes in the next three months, she said.

    BAT has operated at 75 percent of capacity over the past two years, she added.

    This year we are not expect-ing to invest in more projects but we are going to assess the projects that we did last year, said Mrs Mlambo.

    In the full-year to Decem-ber 2015, sales declined 9 percent from 2014. Mean-while BAT company secretary Mr Brain Nyabadza said the company is going to enroll its first students for the BAT Zimbabwes Tobacco Empow-erment Trust at Chaminuka Vocational Training Centre in Mashonaland Central next week.

    "We are expecting to enroll our first students at Chami-nuka Vocational Training Centre next week and we will carry out satellite trainings in tobacco grown areas," he said.The programme is aimed at improving production in tobacco growing areas.

    BAT sales volumes decline

    10 NEws

  • BH24

    Development, Research and Evaluation) and will be responsible for developing high quality error-1. Regional Manager-Harare, Mashonaland Central and free question papers for the subject.

    Matebeleland South

    JOB SPECIFICATIONSThe position of Regional Manager is a middle management post within ZIMSEC and the successful

    The Subject Manager will be expected to discharge the following duties:-candidate will report to the Assistant Director (Examinations Administration).

    Organize item writing and moderation workshops.DUTIES

    Manage the process of the production of error-free question papers.

    Organize the marking process, i.e preparation of marking team structures, grading and The Regional Manager will, inter-alia, be responsible for and discharge the following duties:-

    grade reviewing and the production of Principal Examiners' Reports.

    Train new examiners. Planning, organizing, leading and controlling all examinations activities in the Region;

    Spearhead and participate in the development of the subject syllabus. Coordinating centre inspection and registration of Examination Centres;

    Grade examiners according to their performance during the marking of examinations. Spearhead the E-registration process in the Region and assisting and attending to

    Attend to all queries pertaining to the subject during marking.candidate entries related matters;

    Implement research findings and recommendations after every examination session. Monitor the recruitment of Grade Seven (7) Markers,

    Embrace and implement technological advances in the examination of the subject. Coordinating the marking of practical subjects/ coursework and Grade 7 Examinations in the

    Region and collection and submission of marks;PROFESSIONAL AND PERSON SPECIFICATIONS

    Management of question paper distribution and script collection;

    Investigating cases of suspected malpractice;The incumbent should possess the following:

    Accountable for all ZIMSEC assets in the Region;

    Act as a link between ZIMSEC Head Office and the stakeholders; A first degree in Biology and a teaching qualification.

    Carry out other duties assigned from time to time by relevant authorities. A relevant Masters' degree will be an added advantage.

    Teaching experience of at least ten years both at Ordinary and Advanced Levels.

    Experience as a ZIMSEC Examiner in Biology.QUALIFICATIONS AND EXPERIENCE

    A confident nature, maturity, diligence and ability to handle pressure with minimal Applicants should: -

    supervision. Be a holder of a Masters Degree;

    Have been in the employ of ZIMSEC or the Ministry of Primary and Secondary Education as a Written applications accompanied by detailed Curriculum Vitae and copies of academic and

    Headmaster, Deputy Head or Education Offer for at least 5 years;professional qualifications should be submitted by 10 May 2016 to the: -

    Have experience in conducting and supervising Examinations.

    Be capable of training Heads of Centres and Invigilators in the conduct of examinations;The Director

    Holder of a clean class 4 driver's licence.Zimbabwe School Examinations Council

    P O Box CY 1464

    2. SUBJECT MANAGER BIOLOGY CausewayHarareThis is a Middle Management position. The incumbent will report to the Assistant Director (Test


    BRIT DI379556-D28

    Applications are invited from suitably qualified and experienced persons to fill the following vacancies that have arisen at ZIMSEC:


  • BH24

    Lon DI379989-FM25

    The ZimDigital Commissioning Committee will receive programme proposals and or pilots and trailers for finished programmes from Content

    Creators at the Ministry of Information, Media and Broadcasting Services Pavilion/stand during the Zimbabwe International Trade Fair (ZITF), in


    Date: 26 to 30 April, 2016

    Indicate the working title and which genre/category the concept/proposal falls in;

    Include an itemized production budget catering for location costs , crew, cast, subtitles, and other production costs ;

    Not be more than 5 pages long, typed and printed on A4 paper in portrait format, stapled at the top left-hand corner (NO BINDING);

    Be three copies in one envelope;

    Include name, address and telephone numbers of contact persons;

    Have a synopsis of the concept;

    Include a detailed treatment outlining what the producer is trying to achieve;

    Indicate the number of episodes and duration of programmes.

    A trailer of the programme;

    A proposed programme price (for licencing/ broadcasting rights).

    The Commissioning Committee encourages producers to submit proposals in the

    following genres: musical programmes, talk shows, magazine shows, educational,

    health and cultural programmes

    For more information, contact

    Vimbai 0716 800156 email:

    Einstein 0772 716080 email:

    Each Concept/Proposal Should:

    Requirements for Finished Programmes:



  • HARARE -The equit ies mar-ket cont inues to be bul l ish on the back of gains in the mainstream industr ia l index.

    Industr ia ls today added 2.23 (or 2,24 percent) to set-t le at 101.86 as beverages giant Delta gained $0,0398 to c lose at $0,6398, whi le conglomerate Innscor rose by $0,0095 to $0,2100 whi le i ts d iv is ion Simbisa rose by $0,0065 to trade at $0,1320.

    Clothing retai ler Edgars put on $0,0030 to $0,0530 whi le Proplast ics c losed at $0,0250 after a $0,0015


    ZPI was the only counter to trade in the red, fo l lowing a $0,0008 drop to c lose at


    The mining index was steady at 20.16 as Bindura, Fal-gold, Hwange and RioZim

    maintained previous pr ice levels at $0,0102, $0,0050, $0,0300 and $0,1100 respec-t ively - BH24 Reporter


    Equities continue on bullish run

  • BH24

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    Bindura 0772139153

    Bulawayo 0777273919

    Chegutu 0776755825

    Chinhoyi 0772163344

    Chipinge 0776755826

    Chiredzi 0772194688

    Chivhu 0772194686

    Gokwe 0782711711

    Guruve 0733056591

    Gwanda 0782762962

    Gweru 0782709903

    Harare 0772139157

    Hwange 0782768237

    Kadoma 0776755822

    Karoi 0776755823

    Kwekwe 0782703620

    Marondera 0776755819

    Masvingo 0772194687

    Mt Darwin 0776755827

    Murehwa 0772156458

    Mutare 0772145001

    Mvurwi 0772163345

    Rusape 0776755824

    Zvishavane 0782784320

    BRIT DI380




  • BH24


    The Gender Economic Empowerment Specialist will provide oversight and technical input into the design and implementation of gender mainstreaming

    and women's economic empowerment activities. This position will contribute to the project's strategic vision, especially as it relates to developing a

    gender mainstreaming and women's economic empowerment strategy at project, partner and beneficiary levels. S/he will support the design of

    Z:Wtraining, capacity building, and other activities linked to the gender development agenda and best practices in Zimbabwe, the region and globally.


    Provide gender-specific technical input into the design and implementation of Z:Wwomen's economic mpowerment activitiesfor gender


    Design and implement strategies toaddress barriers and constraints faced by young women seeking equal access to economic opportunities

    through Z:W project interventions (entrepreneurship, financial inclusion, employability, and vocational technical skills).

    Carry out gender assessments - in partnership with Z:W M&E staff and as part of partner organizational capacity assessments, and support

    design/implementation of subsequent plans to better mainstream gender into the project.

    Review monitoring and evaluation data and reporting, track program performance, and identify best practices related to gender mainstreaming

    and women's economic empowerment.

    Provide gender-specific technical support and training services to local partners for mainstreaming economic empowerment, in

    cordinationwith relevant stakeholders (e.g., UN, NGO, private sector, government entities).

    Provide regular updates on implementation progress and contributions to donor reports, which may include conducting research and

    Generatingother technical reports as required.

    Identify Z:W implementation challenges and provide timely solutions.


    This position will report directly to the Country Director based in Harare, Zimbabwe.


    Master's degree in Social or Development studies, GenderDevelopment or a closely related field.

    Minimum 8 years' experience managing and providing technical support to donor-funded gender and/orwomen economic empowerment

    programs in Zimbabwe or the region.

    Experience successfully working with the public and private sectors, and/or civil society, local government and donors in supporting gender

    And women's economic empowerment projects.

    Strong interpersonal communication, presentation, and analytical skills

    Excellent time management, planning, multi-tasking, organizational, and communications skills. Ability to identify and establish priorities and

    meet tight deadlines. Flexibility and ability to work effectively under pressure.

    Solid "troubleshooting" skills and sound judgment in dealing with projectpartners experiencing implementation challenges.

    Strong computer skills in MS Word, Excel and PowerPoint.

    Ability to travel up to 50% of time within Zimbabwe.

    Applications should be sent to the Senior Finance, Admin & Operations Manager on email: indicating the position th

    applied for in the subject line. Closing date for applications is 30 April 2016.









    DELTA 6.63 63.98 ZPI -8.42 0.87

    PROPLASTICS 6.38 2.50

    Edgars 6.00 5.30

    SIMBISA 5.17 13.20

    INNSCOR 4.73 21.00

    OK ZIM 1.99 4.10

    FBCH 1.51 6.70

    iNdEx PREvioUs TodAy MovE CHANGE

    INDUSTRIAL 99.63 101.86 +2.23 points +2.24%

    MINING 20.16 20.16 +0.00 POINTS +0.00%

    16 ZsE TABlEs



    stock Exchange



  • BH24

    1. This invitation for Bids follows the General Procurement Notice for this project 5. A complete set of the Bidding Documents in English may be obtained by

    that appeared in the United Nations Development Business online (UNDB interested Bidders through the submission of a written application (with the full th

    online) No. AfDB496-07/14 of 24 July 2014 and on theAfrican Development name and address of the appl icant) to the emai l address:

    Bank's Internet Website ( on 30th July 2014. . No fee is due. The bidding documents will

    2. The Ministry of Finance and Economic Development, Government of the only be available electronically.

    Republic of Zimbabwe has received a grant from the Zimbabwe Multi-Donor 6. The provisions in the Instructions to Bidders and in the General Conditions of

    Trust Fund (Zim-Fund) administered by the African Development Bank (the Contract are the provisions of the African Development Bank Standard Bidding

    Bank) to finance the Urgent Water Supply and Sanitation Rehabilitation Project Document: Procurement of Goods or Procurement of Works, and the

    Phase II (UWSSRPII). The Ministry of Finance and Economic Development, Operations Manual of the Zim-Fund. Bidding shall be by International

    Government of the Republic of Zimbabwe intends toapply part of the proceeds Competitive Bidding.

    of this grant to fund: 7. Bids must be submitted to the address at 9 below on or before1300 hours,

    British Summer Time on 2 June 2016, and must be accompanied by a security of

    Contract Ref. UWSSRPII/006 Revised.Supply of Sewer Cleaning Vehicles and USD15,000 (fifteen thousand United States Dollars). Bids sent electronically will

    Equipment. not be accepted.

    8. Bids will be opened in the presence of bidders' representatives who choose to

    3. The Ministry of Finance and Economic Developmenthas appointed Crown attend at 14:00 hours British Summer Time on 2 June 2016 at the address at 9

    Agents Limited (Crown Agents) to act as its Procurement Agent. Crown Agents below. The bid opening will be transmitted live to the offices of the Zim-Fund at

    now invites sealed bids from eligible bidders for the supply of goods and related the following address:

    services comprising: AfDB

    Zimbabwe Multi-Donor Trust Fundth

    Item Description Quantity 5 Floor Joina City

    1 Sewer Cleaning Vehicle 2 Cnr. J. Moyo Ave/J. Nyerere Way

    2 Operations Vehicle - 1 tonne 2 Harare, Zimbabwe

    3 Operations Vehicle - 3 tonne 2

    4 Utility Tractor 2 Bidders may attend either location for the public opening.

    5 Utility Trailer 2

    6 Slasher Machine 2 Note that 14:00 hours BST is 15:00 hours Zimbabwe time.

    7 Rotor Worm Machine 4

    8 Ventilator Machine 4 9. Bids must be clearly marked Bid for Contract Ref: UWSSRPII/006 Revised,

    9 Drain Cleaning Winch 4 Sewer Cleaning Vehicles and Equipment. And delivered to:

    10 Training SCS Tender Box

    Crown Agents Limited

    4. Postqual i f icat ion wi l l be conducted through the procedures St Nicholas House

    specified in the Bank's Rules and Procedures for Procurement of Goods and Sutton

    Works (May 2008 Edition, revised July 2012) and is open to all bidders from Surrey

    eligible firms and voluntarily formed joint ventures from all countries, as SM1 1EL

    defined in the aforementioned Rules and Procedures and the Operations United Kingdom

    Manual of the Zim-Fund. Telephone (for Courier purposes only): Tel: +44 20 8643 3311



    Invitation for Bids

    Urgent Water Supply and Sanitation Rehabilitation Project Phase II

    Supply of Sewer Cleaning Vehicles and Equipment

    ICB Reference: UWSSRPII/006 Revised


  • BH2418

  • 19 diARy oF EvENTs

    The black arrow indicate level of load shedding across the country.


    Gen Station

    25 April 2016



    Hwange 509 MW

    Kariba 459 MW

    Harare 30 MW

    Munyati 18 MW

    Bulawayo 22 MW

    Imports 0 - 400 MW

    Total 1494 Mw

    26th April 2016 - BAT AGM; Place: British American Tobacco Zimbabwe Offices, 1 Manchester Road, Southerton, Harare; Time: 10.00 hours...

    29 April - CBZ AGM; Place: Stewart Room. Meikles Premier Hotel, Harare; Time: 15:00pm

    18 May - ZB Building Society AGM; Place: 21 Natal Road, Avondale, Harare; Time: 12:00hrs

    19 May - The Fifth Annual General Meeting of Padenga Holdings Limited; Place: Royal Harare Golf Club, 5th Street exten-sion, Harare; Time: 08.15am

    19 May - NMBZ AGM; Place: Unity Court, Corner 1st Street Kwame Nkrumah Avenue; Time: 10:00am

    19 May - Turnall Holdings AGM; Place: Jacaranda Room, Rainbow Towers; Time: 12:00

    05 May - Barclays Bank of Zimbabwe AGM; Place: Meikles Mirabelle Room; Time: 1500hrs

    THE BH24 diARy

  • HARARE- The Commer-cial Sugarcane Producers Association of Zimbabwe (CSPAZ) says harvesting of the 2015/16 crop will begin next month, following delays caused by increased rainfall between March and April.

    Sugarcane, whose harvest-ing usually begins in April, is grown commercially mostly in areas south East of Zimbabwe, particularly in Chisumbanje and Chiredzi.

    CSPAZ secretary general Roy Bhila said harvesting would continue until November this year.

    We will start harvesting sugarcane on May 20 this year and the process will be on until November, he said.

    We are starting a little bit late than last year because of the heavy rains received in March. We need to allow the sugarcane to go through a process known as dry off so that we can burn it before harvesting starts. The rains received in March could not allow this and that is why

    harvesting had to be pushed forward.

    Mr Bhila added; The pro-longed strike at Tongaat Hul-lets also contributed to the delay in harvesting, as the mills were not serviced in time as workers embarked on a strike which lasted for months.

    He said the late rains received had boosted the expected yield and expecta-tions were high that CSPAZ members had a better crop than last year.

    In terms of yield, the actual crop assessment is currently underway but indications are that the yield will be bet-

    ter than last year especially with the heavy rains that pounded in March, he said.

    Last year the small scale farmers produced about 679 000 tons of raw sugar. In terms of sugar supply on the local market, Mr Bhila said adequate raw sugar would be available for processing.

    Sugar is Zimbabwes sec-ond largest foreign currency earner in agriculture after tobacco. Part of the raw sugar produced in the coun-try is processed locally at Tongaat Hullets in Chiredzi and Gold Star Sugars in the capital while the remainder is exported to the European Union.- New Ziana

    loCAl/REGioNAl NEws 20

    sugarcane harvesting to begin next month Atlas Mara says it is considering bid for Barclays' Africa unitAtlas Mara, the African invest-ment vehicle of former Bar-clays boss Bob Diamond, said on Tuesday it had held discussions with investors with a view to making a bid for Barclays African business.Atlas said its board sup-ported exploration of a pos-sible acquisition, "given the expected positive impact on accelerating the company's strategy to build sub-Saha-ran Africa's premier financial institution," it said in a state-ment, in response to media speculation about its interest in the business.

    Atlas said that there was no certainty that a transaction would be completed but if its discussions with fellow investors resulted in more substantive negotiations with Barclays, Diamond and co-founder Ashish J. Thakkar will recuse themselves from such discussions. Earlier this year, Barclays said it would sell down its 62 percent stake in Barclays Africa Group to focus on other divisions - Reuters

  • SINGAPORE Crude oil futures rose on Tuesday, pushed up by a weaker dollar and a flood of new cash into the market, but analysts warned that fundamentals remain weak as a producer race for customers heats up in the Middle East.

    Front-month Brent crude futures were trading at $44,91 a barrel at 1.29am GMT, up 43c, or about 1 per-cent, from their last settle-ment.

    US crude futures were also up around half a dollar and 1 percent at $43,10.

    Futures traders said prices had been lifted by a weaker dollar overnight, which potentially spurs demand from fuel importers using other currencies than the greenback, in which crude is traded.

    A rush of new investment into crude futures was also pushing up prices as specu-lators raised their holdings of Brent futures to a record high.

    "The global market is already

    close to balance, (and) we expect the market will try to test higher in coming months," Standard Chartered bank said, adding that falling output outside the Organisa-tion of the Petroleum Export-ing Countries (Opec) would result in a rebalancing of oil markets soon.

    Yet other analysts warned of more supply as Saudi Arabia and Iran seemingly ramp up output in a race for cus-tomers, further flooding the market with excess supplies.

    "Saudi Arabia announced that it will complete an expansion of its Shaybah oilfield by June, pushing capacity to 12-million barrels a day. Iran oil production has now increased by 1-mil-lion barrels a day since the beginning of the year, while Kuwait is expecting output to reach 3.15-million barrels a day by June after the end of a workers strike," ANZ bank said.

    Iran wants to get back to pre-sanction production of 4-million barrels a day.

    "The biggest bear risk to the oil market right now is that Irans ramp-up accelerates and then that Saudi Arabia does the same," Citi said.

    "If anyone had a doubt about Saudi Aramcos ability to use its logistical system and spot sales to increase market share, its recent 730 000 barrel sale of a cargo to a Chinese teapot refiner in Shandong should lay any doubts to rest," it added.

    The cargo would be lifted in June from Aramcos storage in Japans Okinawa prefec-ture and shipped to Chinas eastern province of Shan-dong, Reuters reported on Monday.

    Citi said it was likely that Saudi Arabia was targeting a 500 000 barrels a day in sales to bring its production up to 11-million barrels a day or higher.

    Traders said that a loom-ing petrol glut in Asia also threatened the recent rise in prices as refiners flooded the market with unwanted prod-ucts.-Reuters

    iNTERNATioNAl NEws 21

    Oil rises as new cash floods into market

  • By simon Allison

    Mozambique has spent much of the last decade borrowing against its future. The debts are now coming due, but the natural gas that was sup-posed to pay for the multi-bill ion dollar loans is yet to come online. Has the coun-try, through its dodgy tuna bonds, over-extended itself ? By SIMON ALLISON.

    In the eyes of foreign inves-tors, and its own politicians, Mozambique stopped being a poor country sometime in the late 2000s even though little had changed for the bulk of its poverty-stricken citizens.

    It was around then that word of a massive offshore gas deposit began to spread, and in 2011 it became official: Mozambique was sitting on a natural gas bonanza that could radically transform the lives of its population.

    It didnt matter that it would take close to a decade to

    set up the infrastructure to exploit the deposit. Mozam-bique could start making money instantly.

    By using its newfound nat-ural resources as implied collateral, Mozambique started taking on massive, multibill ion dollar loans from investors who were suddenly eager to speculate espe-

    cially with the generous returns on offer. The money taps opened, and foreign currency sloshed into the country.

    A graph of Mozambiques debt-to-GDP ratio over the last 10 years tells the story. Flatlining since 2005 at an average of about 22 percent, in 2008 it angles up sharply

    as the government takes on more and more debt. As of earlier this year, Mozambique owed the equivalent of 58,3 percent of its GDP in debt.

    This doesnt have to be a bad thing. Some of the most prosperous countries in the world are heavily indebted (for example, the United States debt-to-GDP ratio is

    22 analysis22 ANAlysis

    Has Mozambique already squandered its natural gas bonanza?

  • 73,6 percent; South Africas is 45,4 percent).

    If debt is used wisely, to fund government services and infrastructure and to kickstart a struggling economy, then a large debt burden can be a sound policy option.

    This, then, is a question for Mozambique: have these borrowed bill ions been used wisely? And can they really be repaid?

    The scandal surrounding the so-called tuna bond suggests not. In 2013, Mozambique secured about $850-million from foreign investors to help turn around the struggling tuna industry, even though the revenue forecasts were wildly opti-mistic. If this sounds fishy well, it is.

    The deal immediately raised eyebrows, with donors asking questions about why a coun-try with significant devel-opment challenges would

    raise its debt profile to this extent just for fishing boats. The critics of the deal were proved right when it later emerged that most of the money was, in fact, spent on security, explained Dianna Games in Business Day.

    With natural gas stil l several years away from generat-ing income, Mozambique is struggling to repay the money, and Mozambique has been forced to renegotiate with its debtors, striking a deal that will give it longer to pay, but at even better returns for investors. In the end, the taxpayer loses and the tuna industry is stil l in the doldrums. The money that must be repaid has already been frittered away on navy boats to keep the generals happy.

    Compounding Mozambiques cash flow crisis is a swiftly depreciating currency, which makes all its debts even more expensive to service, and low prices on coal, its other major export.

    This has forced the Inter-national Monetary Fund to intervene, at the govern-ments request, and led to a downgrade from ratings agencies. Suddenly, Mozam-bique isnt looking quite so attractive to investors.

    It doesnt help that in the years since the discovery of natural gas in Mozambique, the price of the commodity has dropped dramatically, and new players such as Iran are getting involved in the market.

    In 2011, Mozambique thought it had won the lottery; unfortunately, the winnings are going to be a lot smaller than anticipated, making it even harder to pay off all those loans.

    Industry observers say the start date of 2020 for exports, which has already been delayed from a 2018 start, may be pushed out further due to the decline in commodity prices and demand, said Games.

    And then, this week, another bombshell: after media reports exposed the cov-er-up, the government confirmed that it had been hiding even more debt, to the tune of $1,35-bill ion.

    Like a shopping addict hoard-ing credit cards, Mozambique has been borrowing money in secret. Mozambiques discovery of natural gas was meant to usher in a new era of prosperity for the country.

    And while GDP growth has been impressive over the last few years, it has been fuelled by a massive amount of bor-rowed money not all which has been spent wisely.

    The dodgy tuna bond, and the hidden debt, suggests a government living well above its means, treating loans like free money. But money is never free, and it is ordi-nary Mozambicans who will ultimately pay the price.-The daily Maverick

    23 analysis23 ANAlysis

    Weak nickel price raises concern over BNC smelterEquities end week on a low noteZSEZSEIndiceszse tablesStocks Exchange

    THE BH24 DIARYDIARY OF EVENTSEuropean stocks resume drop as focus turns to US jobs reportinternatioNAL News What if the China panic is all wrong?