The Development Bank of Southern Africa (DBSA) has approved R104.6 million corporate loan to support the Cotton Company of Zimbabwe’s (Cottco) inputs credit scheme for small – scale cotton farmers in Zimbabwe. The Group Executive for International Division at DBSA, Admassu Tadesse said: “This is a first ever landmark investment in Zimbabwe by the DBSA. Through this investment communal and small scale farmers would have access both to credit and capacity building programmes which will empower them (farmers) to grow more cotton”. “The investment is in line with the Bank’s mandate and strategy to support development and viable projects in... Continue Reading
By Nawa Mutumweno – Zambia expects to earn about $5 million from the export of 1 200 tonnes of honey to the United States and the European Union (EU) this year. Projections are that growth will reach 5 000 tonnes of beeswax and other products. According to the chairperson of the Zambia Honey Partnership (ZHP) Munshimbwe Chitalu, the country is expected to raise $5 million through honey exports, which provide for over 30 000 beekeeping households, accounting for 25% of their earnings. “Besides food and income, bee products have a diversity of application including among them honey, beeswax, propolis, a... Continue Reading
By Bai-Bai Sesay – Director of Bunce Island Coalition, Professor Joseph Opala, has said the coalition with pledges of five million dollar will soon start the project for the historical rehabilitation and preservation of the BunceIsland in the country. He made this statement on Thursday 11th November 2010 at a press briefing held at the Ministry of Tourism and Cultural Affairs in Freetown. In his statement, Professor Opala said the aim of the project is to showcase the important of the Sierra Leonean culture, noting that this will help foreign visitors to know the history of BunceIsland. He said BunceIsland is a slave castle built in... Continue Reading
By Bai-Bai Sesay – Union Trust Bank (UTB) can now boast of eight branches including the opening of the Njala branch in the Kori Chiefdom, Moyamba District, last Friday in the country. The founder and chief executive officer of the bank, Mr. James Sanpha Koroma, said the opening of a branch at Kori Chiefdom and Njala University is geared towards enhancing sustainable banking environment in the socio economy development of the country; adding that UTB will help easy access to the people and students of the college in the banking system. He said the bank is not here as a... Continue Reading
By Promise Zalakata Kamanga – Lilongwe – Malawi just like many other African countries more especially in the Sub Saharan region continues to face myriad challenges in their endeavour for economic development. One major contributing factor is the geographical making that has mostly rendered the big part of the continent inaccessible. It was for this reason that Malawi President Bingu wa Mutharika in the year 2006, unveiled ambitious plans to construct Shire-Zambezi Water Way connecting Malawi to the Indian Ocean. “After completion, Nsanje World Inland Port will be a modern multipurpose terminal with complex infrastructure, equipment and services. This will... Continue Reading
