Breaking News

Zimbabwe women signs a R13 million energy deal

by Staff Reporter
13 June 2018 | 2688 Views
A South African based women's investment Initiative Black Women in Business Forum (BWBF) has agreed to sign an investment deal with Zimbabwe's Leading Business Women's Association (LBWA). The investment deal is set to unlock funding for various entities owned and by women in Zimbabwe.

Addressing a press conference at Sandton Convention Centre on Monday, 11 June, BWBF spokesperson, Lerato Matsatsi revealed that they have already concluded the first stage towards the signing of the R13 million fuel deal with their Zimbabwean counterparts.

"South African business women share an umbilical cord with our Zimbabwean sisters. We have taken advantage of the new dispensation in Zimbabwe to invest there through the Leading Business Women's Association. We are starting with a partnership that will see us investing R13 million into a fuel deal with LBWA through a special purpose vehicle yet to be established. This is a 100% women owned fuel company." said Lerato




Contacted for comment the president of LBWA, Sakhile Dewa said, "An MOU is scheduled to be signed towards the end of this month. Unfortunately I'm not at liberty to disclose much owing to our Non Disclosure Agreement, save to say that this is a great initiative for women's empowerment and gender mainstreaming. We hope to broker more such deals in different sectors of our economy in order to ensure broader participation by women from all walks of life. We applaud the stance taken by our sisters in South Africa and look forward to a fruitful long-standing relationship with them."

Black Women in Business Forum recently received R35 million from the National Empowerment Fund for projects in Zimbabwe.

BWBF LBWA MOU

Source: Sandton24

Comments

Latest News

ZANU PF Youth leader resigns

by Mandla Ndlovu | 26 April 2019 | 2 Views

CIO boss dies mysteriously - The sudden death on Easter Monday of a se...

by Staff reporter | 26 April 2019 | 4 Views

Chamisa faces VPs headache

by Staff reporter | 26 April 2019 | 4 Views

'POSA bounces back as MOPA' - THERE has been a public outcry over the ...

by Staff reporter | 26 April 2019 | 1 Views

Mnangagwa's Zanu-PF panics - ZANU-PF yesterday said it was worried by ...

by Staff reporter | 26 April 2019 | 3 Views

Major shake-up in govt hospitals

by Staff reporter | 26 April 2019 | 2 Views

Sex embargo earns wife a hiding - An enraged 32-year-old man from Mand...

by Staff reporter | 26 April 2019 | 1 Views

Cop extorts teen lover of cows - A POLICE officer stationed at Guyu Po...

by Staff reporter | 26 April 2019 | 1 Views

Tsikamutanda killed for failing to reverse spell - A popular Redcliff ...

by Staff reporter | 26 April 2019 | 2 Views

Bosso star fined for 'stealing' a team jersey - HIGHLANDERS FC midfiel...

by Staff reporter | 26 April 2019 | 1 Views

Hooker tosses baby into latrine to save job - A self-confessed 42-year...

by Staff reporter | 26 April 2019 | 1 Views

Cheating man kills wife, shares bed with corpse - A CHEATING Victoria ...

by Staff reporter | 26 April 2019 | 1 Views

Man stabbed over friend's lover sex claim - A MAN from Beitbridge is b...

by Staff reporter | 26 April 2019 | 1 Views

CIO summon Zimbabwe Rugby Union officials

by Mandla Ndlovu | 26 April 2019 | 5 Views

Man dumped after paying lobola

by Staff reporter | 26 April 2019 | 1 Views

780 000 Zimbabwean young women HIV+

by Staff reporter | 26 April 2019 | 1 Views

Indecent proposal ... female tenant walks round house undressed

by Staff reporter | 26 April 2019 | 1 Views

No Zimbabwean referees at AFCON - LOCAL referees have mountains to cli...

by Staff reporter | 26 April 2019 | 1 Views

Teacher knocks pupil's tooth out for failing to solve Maths problem - ...

by Staff reporter | 26 April 2019 | 1 Views

Prophet caught pants down with married woman, ordered to pay 3 beasts ...

by Staff reporter | 26 April 2019 | 1 Views

Man dies after hearing girlfriend eloped with another lover - VIILAGER...

by Staff reporter | 26 April 2019 | 1 Views

ZANU PF wins 1st prize at ZITF

by Mandla Ndlovu | 26 April 2019 | 4 Views

Nurse needed to accompany woman who was eaten by dogs to India

by Mandla Ndlovu | 26 April 2019 | 3 Views

Mnangagwa arrives in Bulawayo in an expensive Dubai jet

by Mandla Ndlovu | 26 April 2019 | 2 Views

WATCH: Satire phone call that sparked Chiwenga's coup

by Mandla Ndlovu | 26 April 2019 | 12 Views

Tighten your belts till 2020, says Mthuli Ncube

by Staff reporter | 26 April 2019 | 4 Views

Fantasy that Mnangagwa would fix Zimbabwe now fully exposed

by David B. Moore | 26 April 2019 | 6 Views

Churches pray for Dabengwa

by Staff reporter | 26 April 2019 | 4 Views

Council opts for locally-made water chemicals - Harare City Council (H...

by Staff reporter | 26 April 2019 | 1 Views

Entertainment

'Bukalanga Gathering 2019 Will Be Spectacular' - Organisers

by Titshabona Malaba Ncube | 26 April 2019 | 3 Views

Madlela to share stage with Shwi, Freddy in SA

by Staff reporter | 23 April 2019 | 366 Views

List of Zimbabwean celebrities who became politicians

by Mandla Ndlovu | 22 April 2019 | 5033 Views

Analysts defend Tinashe Kachingwe

by Mandla Ndlovu | 22 April 2019 | 5182 Views

Charambas drop videos

by Staff reporter | 17 April 2019 | 1335 Views
iBlog

Apple Watch Teardown Reveals Unique Hardware And Replaceable Parts

The apple watch may not be fine jewelry, but bill detwiler cracks it open and shows you why he thinks it's a fine piece of tech. the apple watch may be beautiful on the outside, but how about on the inside? in this cracking open installment, we go in... Read More
Sergey 11 June 2015 ago

Five Reliable Outlook Pst File Repair Tools

Outlook pst files can become corrupted -- and when that happens, work grinds to a halt. if your organization relies on outlook, one of these tools could save the day. outlook is the industry standard groupware tool. let's take a look at five that can... Read More
ITnews 04 May 2015 ago