Zambian Banker Launches Bid for Top African Development Bank Post.
Samuel Maimbo of Zambia has announced his candidacy for president of the African Development Bank (AfDB), pledging to help transform the continent into a middle-income region.
Maimbo enters the race with backing from two major regional blocs: the Southern African Development Community and the Community for Eastern and Southern African States. He highlighted his experience securing a $90 billion financing package through the International Development Association.
"Africa stands at a critical juncture," Maimbo said from Lusaka. "We need one billion people to work as fast as possible by supporting industries that will improve lives and create prosperity on our...
Zimbabwe VP Joins Catholic Guild with Family.
Vice President Constantino Chiwenga and his sons joined the Roman Catholic guild at Harare's Catholic Church of the Immaculate Conception on Sunday. The ceremony marked a key point in his faith journey.
"I was baptized after birth on July 2, 1956. I have stayed Catholic since then," Chiwenga said. His wife, Colonel Miniyothabo Chiwenga, attended as he and four sons took their vows.
The Vice President carried his faith through war. "I went to the liberation war in 1973 with my rosary. I came back with it," he said.
Chiwenga's church ties are linked to his public service. He starts work early each day, citing his faith as a motivation for his duties.
His busy role limited regular church...
Zimbabwe Agency Promotes New Low-Interest Loan Program.
The Zimbabwe Investment and Development Agency urges businesses to seek bank funding under a new export support plan. The program aims to make local products more competitive.
The Reserve Bank of Zimbabwe launched its Targeted Finance Facility last December. Banks can borrow at 20 percent interest and lend to clients at up to 30 percent. This rate sits well below the standard corporate lending rate of 43 percent.
"The facility may improve margins and profits for local companies," ZIDA stated in its recent investor bulletin. Loans must be repaid within 270 days and come with strict security requirements.
Borrowers can access funds in Zimbabwe Gold currency, known as ZiG. They...
Dynamos Chairman Plans Team Revival After Legal Victory.
Bernard Marriot, chairman of Dynamos Football Club, visited team training this weekend after his acquittal on fraud charges. The court case had centered on allegations about his 51 percent shareholding in the club.
Harare magistrate Yeukai Dzuda cleared Marriot of all charges last Friday, ending a five-year legal battle. The board chairman then observed practice sessions at the club's Belvedere grounds, where coach Lloyd "Mablanyo" Chigowe leads a rebuilding effort.
The team faces major changes after losing several key players from its Chibuku Super Cup-winning squad. Departures include Captain Frank Makarati, Frederick Ansah-Botchwa, Sadney Urikhob, and others. Assistant coach...
Zimbabwe Set to Begin Gukurahundi Hearings by March.
Traditional chiefs in Zimbabwe have started preparing their communities for public hearings on the Gukurahundi conflict. The hearings aim to address a post-independence period of unrest that affected Matabeleland and parts of the Midlands.
The Gukurahundi steering committee met in Bulawayo last weekend to complete hearing preparations. Chief Mtshane Khumalo, who leads the National Council of Chiefs, said more details would emerge within two weeks.
President Mnangagwa tasked traditional leaders with managing these hearings as part of national healing efforts. He launched the program last July, but limited resources delayed its start. The government has since provided additional...
Zimbabwe's President Calls for Wetlands Protection Ahead of Global Summit.
President Mnangagwa urged action to protect wetlands, highlighting their importance for biodiversity, climate stability, and water resources. His statement came during World Wetlands Day celebrations on Friday.
"Wetlands are not just natural resources - they are foundational to our shared future," Mnangagwa said. He stressed the need to preserve these ecosystems for coming generations.
The day marks the 1971 signing of the wetlands conservation treaty in Ramsar, Iran. This year's theme focuses on "Protecting Wetlands for Our Common Future."
Zimbabwe's government has pushed to shield wetlands from damage and encroachment. These areas provide key ecological...
Zimbabwe's Ruling Party Moves to Extend President's Term Through 2030.
ZANU PF leaders have begun steps to extend President Mnangagwa's presidency until 2030, bypassing a public referendum through parliamentary action.
The party will amend Zimbabwe's Constitution to postpone the 2028 elections by two years. This plan stems from a resolution passed at ZANU PF's National People's Conference in Bulawayo last October.
"Parliament will implement Resolution Number One as presented at the conference," said National Political Commissar Munyaradzi Machacha at a provincial meeting in Mashonaland Central. He stated the decision was final.
Harare Provincial Chairman Godwills Masimirembwa explained the legal strategy at a youth meeting. The...
African Leaders Push for Joint Summit to Address DR Congo Crisis.
African Union (AU) Commission Chairperson Dr Moussa Faki Mahamat endorsed recent decisions by regional bodies to address the conflict in the eastern Democratic Republic of Congo through a unified approach.
The Southern Africa Development Community (SADC) and East African Community (EAC) plan to hold a joint summit to find peace in the region. This move aligns with the AU's stance on resolving the crisis that has caused widespread displacement and loss of life.
Dr Mahamat expressed support for this initiative on X, noting that these recommendations match the AU's long-standing call for political dialogue through the AU-led Luanda and Nairobi processes.
SADC Chairperson...
Swapo Leader Claims Constitutional Breaches Led to Election Losses.
Former Cabinet minister Jerry Ekandjo says Swapo's disregard for its constitution caused the party to lose 12 National Assembly seats in recent elections.
In a letter to party secretary Sophia Shaningwa, Ekandjo criticized plans to endorse vice president Netumbo Nandi-Ndaitwah as party president at the February 28 extraordinary congress.
"The term 'endorsement' does not exist in the Swapo party constitution," Ekandjo said. He noted all leadership positions must face contested elections, from local sections up to the central committee.
The party failed to call an extraordinary congress within three months after former president Hage Geingob's death, breaking Article...
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