A digital copy of the Business News 24 (03 July edition). Zimbabwe's premier business news free sheet published by the Zimpapers Newspapers Group (1980) Limited and available every week day from 1530hrs to give a summary of the day's business news.

1. News Update as @ 1530 hours, Thursday 3 July 2014
Feedback: bh24admin@zimpapers.co.zwEmail: bh24feedback@zimpapers.co.zw
By Lynn Murahwa
•'Special Youth Fund has the
most defaulters'
CABS has suspended disbursement of
monies to the Youth Fund due to the
high rate of default on re-payments.
CABS managing director Kevin Terry
told a Parliamentary Portfolio Com-
mittee on Youth, Indigenisation and
Empowerment that the financial
institution needed to "re-strategise"
because it was losing out on money.
"$5 million has been distributed, the
other $5 million has been suspended
sincetheendofMaybecauseofare-do
strategy by Trustees, a re-evaluation to
re-strategise because of loss of money
and unpaid loans," said Terry.
According to figures provided by Terry,
CABS currently has 3 600 accounts
under the Youth Empowerment Fund
and $4,2 million of the money dis-
bursed through them is not "perform-
ing."He added that the Youth Fund is
not performing well because the youth
are not equipped to be business people
“The Youth fund is not working that
well and the problem is youth don’t
have the capacity to operate as busi-
nesspeople,” he said.
The documents supplied by CABS
show that as from 20 June this year 78
percent of the loans disbursed under
the Youth Empowerment Fund are not
performing and keeping up with pay-
ments. Also appearing before the com-
mittee was CBZ Bank.
CBZ chief executive Never Nyemudzo
said the Government has taken a
100 percent risk of the Special Youth
Fund as they contributed $1,8 million
towards it.
“The Special fund how it operated
was that the Ministry of Youth Devel-
opment, Indigenisation and Empow-
erment was taking 100 percent credit
risk while with the ordinary fund the
Ministry was taking 80 percent credit
risk with 20 percent sitting in the bank.
“They brought in seed fund of $400
000 followed by $150 000, over the
years this seed fund has grown to
about $1,8 million.
A beneficiary would then approach the
Ministry offices in their various prov-
inces and districts get approval then
cometothebankfordisbursementand
that is under the special fund” he said.
He said out of the $1,8 million under
a million has been disbursed from the
Special Youth Fund.
“Over the years out of the $1,8 million
we have disbursed about $ 945 thou-
sand with $1,4 million outstanding
under the Special Fund with the com-
ponent of interest. Under the Ordinary
Fund we have done $1,3 million in
terms of disbursement and about $1
million outstanding” he said.
According to CBZ 55 percent of loans
are performing and 45 percent are in
default largely in the areas of manu-
facturing, poultry and in cross border
trading.
The bank has a total of 1 859 benefi-
ciaries under the Youth Empowerment
Fund. •
CABS stops Youth Fund disbursements
Kevin Terry

2. 2 News
By Rumbidzayi Zinyuke
Government is working on legislation
that will facilitate the setting up of a
debt management office to monitor
the country’s debt and minimize friv-
olous borrowing in state enterprises
and local councils.
This is a bid to make sure that the
country’s $10 billion debt is settled
and that it does not grow through
excessive borrowing.
Addressing journalists at a press
briefing in Harare, Finance and Eco-
nomic Development minister Patrick
Chinamasa said the framework for
the bill had already been approved by
cabinet.
“The measures that we have taken
as we go into the future are to make
sure that we have an institution which
monitors debt obligations. Through
legislation we are going to create a
debt management office in this minis-
try and this will be under the supervi-
sion of the secretary for Finance who
will be responsible for government
debt, lending and guarantees includ-
ing local councils and public enter-
prises debt,” he said.
He said the debt management office
would maintain a database of all pub-
lic and publicly guaranteed external
debts, formulate a debt management
strategy and prepare annual borrow-
ing plans.
The formulation of the bill will put a
cap on excessive borrowings that
contributed to the country’s huge
external debt.
minister Chinamasa said this would
result in centralized borrowing for all
public entities.
“We feel that the power to borrow
should reside in a single authority.
We should not have a situation where
everybody is signing on debt instru-
ments and we only get to know about
them after they have been signed.
“The legislation will make it clear that
the minister of Finance will be the
single authority to borrow money, so
any borrowing by a local authority or
parastatal must receive our approval.
We will have any debt that is incurred
by a public entity in the database. It
is not something we are going to dis-
cover haphazardly,” he said.
He added that the legislation puts a
limit on the amount to be borrowed
and any need to exceed limits will
have to be approved by parliament
depending on the urgency and impor-
tance of the reason.
Minister Chinamasa said Zimbabwe’s
public external debt stands at $5
billion and debt guaranteed by gov-
ernment is $1,3 billion. The Reserve
bank of Zimbabwe’s $596 million
external debt brings the tota public
and publicly guaranteed external debt
to $6,9 billion.
He said the private sector’s external
debt stands at $1,9 billion bringing
the total external debt to $8,9 bil-
lion. A domestic debt of $994 million
brings the total amount owed by Zim-
babwe to $9,9 billion.
“Total public and publicly guaranteed
external debt at end-2013 was 54
percent of GDP, of which 43 percetn
of GDP were arrears. Zimbabwe’s
overdue financial obligations to the
worlf bank, African development
bank, European investment bank and
the IMF Amount to $2 billion,” he said.
he said a debt resolution strategy
would unlock new financing from
multilateral and bilateral creditors. •
Government puts a cap on borrowing
Minister Chinamasa

3. By Tawanda Musarurwa
• ...as Telecel Zimbabwe
announces new fibre deploy-
ment project
Government's drive for local telecoms
companies seems to be falling on deaf
ears as the firms continue to set up
separate infrastructure.
This has resulted in a lot of duplica-
tion of communications infrastructure
resulting in high investment costs in
network infrastructure such as base
stations and specialised equipment.
This in turn is reflected in high service
tariffs, stunted expansion of network
range and, at times, poor service deliv-
ery.
But local telecoms companies have
largely ignored Government's pleas.
Telecel Zimbabwe has just announced
a fibre deployment project between
Harare and Gweru that has seen the
company laying its own optical fibre
cable between the two cities and will
be extended to Bulawayo. Telecel says
this will avail more high capacity data
provisioning for the network nation-
wide, which will enhance data speeds
and connectivity helping it to meet
increased consumer demand.
Telecel Zimbabwe’s transmission man-
ager Alice Chikumbo said the fibre pro-
ject which links the two cities and all
the towns in between will also include
an upgrade of the metro fibre network
which will improve capacity and speeds
for the current 3G network.
“The fibre project is about laying our
own optical fibre to link major centres
to improve the experience of our cus-
tomers when they are using our data
services. Already Telecel has linked
Gweru and Harare together with the
backbone sites along the way and
under the next phase we expect to
cover other cities and urban areas like
Bulawayo,” she said.
Telecel expects to "include other urban
areas and cities over the next few
months." Econet already has in place
the widest largest fibre network in the
country, which was constructed by Liq-
uid Telecom.
Although it provides broadband voice
and data in all the major cities and
towns and can be utilised by all the
three mobile telecommunications ser-
viceproviders,thereisapparentunwill-
ingness on the part of these players to
share infrastructure.
However, giving oral evidence to the
Parliamentary Portfolio Committee on
Communication, Technology, Postal
and Courier services earlier this week,
Telecel general manager Angeline Vere
said the infrastructure sharing needed
to be guided by law.
“Government should make it compul-
sory for us to share the infrastructure.
We feel it should be done on a com-
mercial basis where the person who
put up the infrastructure benefits more
from their investment but allows other
players to benefit from it as well,” said
Vere.
Establishment of legislation of manda-
tory network infrastructure sharing will
see a regulated partnership of com-
petitors in setting up and maintaining
network infrastructure, thus reducing
investment costs and improvement in
the customer experience. •
3 NEWS
Calls for telecoms infrastructure sharing falling on deaf ears?

4. BH24 Reporter
NewZim Steel will temporarily
resort to importing several steel
products to sustain its operations
in the pro tem as investors Essar
Africa re-constructs the Kwek-
we-based steel plant.
With the re-constructed steel plant
now expected to be operational in
"24 months”, Minister of Industry
and Commerce Mike Bimha has
said the company the steel imports
will go towards reviving Lancashire
steel.
"We will import steel billets that will
then be channelled to Lancashire
Steel to produce what Lancashire
Steel used to produce, so that while
we wait for that time when we can
produce the liquid steel work can
take place...and within six months
Lancashire Steel will be operating,"
Minister Bimha told Parliamentary
Portfolio Committee on Commerce
and Industry yesterday.
According to the Minister, the other
imported steel products will be
retailed through NewZim Steel cen-
tres across the country.
"We have also identified that there
are certain steel products that we
can import, and make and distrib-
ute through the existing NewZim
Steel distribution centres."
The move will likely push up Zim-
babwe's levels of imports of stain-
less steel in primary form.
Official figures from the United
Nations Commodity Trade Statistics
Database show that in 2006, Zim-
babwe value of imports of primary
stainless steel was effectively at
zero, rising incrementally to $121
in 2007, $1 788 in 2009 and $28
372 in 2010. •
4 NEWS
Govt, Essar import raw steel

5. BH24

6. BH24 Reporter
The Industrial Development Corporat-
The Postal and Telecommunications
Regulatory Authority of Zimbabwe
should use the Universal Services
Fund to develop ICT knowledge in
under-serviced areas and circumvent
the delays in putting up passive infra-
structure under the fund.
The USF is a pool of money into which
the country’s licensed telecommunica-
tions companies contribute to finance
the expansion of telecoms services in
outlying areas, which are under ser-
viced.
Although the fund was essentially
designed to channel investment in ICT
infrastructure, it was also put in place
to assist in training of personnel in the
provision of postal and telecommunica-
tion services.
The fund has however not been fully
utilised despite companies having con-
tributed close to $43 million to it since
its inception in 2011.
Telecel managing director Angeline
Vere said the funds had been lying idle
for too long and should be put to use.
“Weareworriedaboutthedelaysinthe
utilisationoftheUSF.Wefeelitcouldbe
useful to develop other areas such as
putting up incubators and ICT centres
for the benefit of communities that are
still not serviced,” she said.
She said Telecel had already acquired
active infrastructure to set up on pas-
sive infrastructure that Potraz was sup-
posed to install under the fund.
The regulator was supposed to put up
43 base stations by end of last year to
add to the 11 already installed but the
project hit a snag. Potraz cited delays
in getting State Procurement Board
approvals for projects, the require-
ment and need to consult operators
on disbursements of funds, consulting
affected stakeholders and Govern-
ment, site acquisition for construction
of rural passive telecoms infrastructure
as other challenges affecting projects,
apart from lack of funding.
Potraz acting director general Alfred
Marisa recently said the problem of
inadequate funding worsened after
operators negotiated to review down-
wards their contribution to the USF
from 2 percent to 0,5 percent of a
mobile network operator's revenue.
Telecoms companies have however
questioned the way the fund has been
disbursed.
Econet Wireless chief executive Doug
Mboweni in May said although they
were the biggest contributor to the
fund, they had not seen any meaning-
ful deployment of the funds to benefit
the targeted communities.
The set back has affected the roll out of
towers as well as other projects includ-
ing schools under the $12 million "con-
nect a school connect a community"
project, e-Government projects worth
$7 million and connectivity to rural post
offices at a cost of $3 million.. •
6 NEWS
Mr Marisa
Universal Services Fund delays riles operators

7. BH24

8. AdM-DI156506-
BH24

9. CDE. JOSHUA NKOMO
a moral man, an archiever, a role model,
the hero who was all of these things and more
A moral man, who possessed an unbreached commitment to
reality and never indulged impulses.
An archiever, who attained ends that were objectively
life-promoting, fulfilling reality-conforming purposes and
making freedom possible for all.
A role model, a rational archiever, worthy of emulation.
“ Your legacy lives on; because legends never die”
BH24

10. The equities market today extended
yesterday's gains going up 0.25 per-
cent following significant foreign pur-
chases of Econet, Delta and Innscor's
stocks.
Activity was also improved as the num-
ber of counter that traded increased to
51 up from yesterday's 38.
Five counters traded in the positive, led
by Cottco which was up 25 percent or
0.20 cents to settle at 1 cent.
Bankers NMB traded at 5 cents after
going up 11.11 percent, while AFDIS
moved up 9.03 percent to trade at 35
cents.
Zimplow traded 7.69 percent higher at
7 cents after gaining 0.50 cents, while
telecoms giant Econet bumped 2.9
percent to trade at 70 cents.
On the downside, Meikles lost 0.99
cents to trade at 19 cents, while Old
Mutual was 1.9 percent in the negative
at 255 cents. Conglomerate Innscor
traded at 74 cents, down 1.33 percent.
Market turnover stood at $1,1 million
as foreign buyers again dominated
trades as they sold shares to the tune
of $197 553, while their purchases
amounted to $903 056.
The mining index was up 0.24 percent
to 56,36 points. — BH24 Reporter •
10 ZSE REVIEW
Equities extend gains

11. SPECIALISTS IN DRIVESHAFTS AND PROPSHAFTS, STEERING RACKS, BALL JOINTS, DRAGLINKS,
TIE ROD ENDS, CV JOINTS, TRANSMISSIONS, UNIVERSAL JOINTS, FLANGES, BEARINGS,
BUSHES, YOKES, GENERAL ENGINEERING, BELL SPARES, AIR BRAKES AND PNUEMATICS, SUPPLY
AND SERVICE EXCHANGE FOR COMPLETE AXLES, ENGINES AND GEARBOXES.
NATIONAL PROPSHAFTS CENTRE
No. 17033 CEDORA ROAD, P.O. BOX GT 1244,
GRANITESIDE, HARARE, ZIMBABWE.
Website: www.propshaftscenter.co.zw
TEL: 770638-43, 086 4406 8386
CELL: 0772 470665, 0712 204396,
086 44068386, 0712 749578
Email: sales@nationalpropshafts.co.zw
MUTARE PROPSHAFTS CENTRE
12 A RIVERSIDE DRIVE
P.O.BOX 1869, MUTARE, ZIMBABWE
Website: www.propshaftscenter.co.zw
Tel: 66084, 086 4406 8385, Fax: 68597
Cell: 0712 204396,
0772 715388, 0773 782502
Email: sales@mpc.co.zw, mpc@mweb.co.zw
BELL DIFFS
COMPRESSORS UNIVERSAL JOINTS
TA 1919 PUMPS, WATER PLATES &
DOUBLE BOSH PUMPS
MT643 TRANSMISSIONS
STEERING COUPLINGS
FOOT BRAKE & VALVESCENTRE BEARINGS
PROPSHAFTS SPARES
SPIDER BEARINGS
BOOSTERS
PROPSHAFT COUPLINGS
PROPSHAFTS & DRIVE SHAFTS
TRACK RODS &
DRAGLINKS
BH24

12. It probably ranks among the greatest
of ironies that most, if not all, countries
ontheAfricancontinentarepushingfor
a greater stake in of global trade yet
they do not mind keeping their borders
closed.
If goods and services are allowed to
cross national and international bor-
ders without restraint, wouldn't it
make sense then that the people who
produce or facilitate those goods and
services be allowed to free movement?
But of course, free movement can
never be really completely free. There
are all these issues around migration
that every nation has to consider. It
is therefore heartening that a regional
bloc that Zimbabwe is a party to -
the Common Market for Eastern and
Southern Africa (Comesa) - is nearing
the execution of a visa that caters to
the needs of traders and businesspeo-
ple.
Yesterday deputy Minister of Home
Affairs Ziyambi Ziyambi told BH24
that Comesa had made progress in
implementing a business visa for the
regional bloc. This will be a positive
development for the members of bloc
as this will enhance intra-regional free
trade.
The move is part of a broader regional
integration agenda that will see the
effective introduction of the Comesa
Free Trade Area. It mirrors the Single
Tourist Visa system for tourists coming
to East Africa that was implemented
for Kenya, Uganda and Rwanda in
February this year. Notably, here in
Zimbabwe, the Minister of Tourism and
Hospitality Industry Walter Mzembi
announced last month that Zimbabwe
and Zambia had agreed to remove the
visa system between themselves.
Thesearedefinitelykey stepsinensur-
ing that these regional blocs and the
continent in general becomes a key
player in global business and trade.
Going back to the issue of the Comesa
open border strategy, it is notable that
Zimbabwe has made inroads in playing
its part in the wider agenda. Ziyambi
said Zimbabwe is complying with the
Comesa protocol on the gradual relax-
ationofvisarequirementsonabilateral
basis. Significantly, and in line with this
commitment, the country has already
appointed a National Focal Point on
Immigration and is in the process of
setting up the National Committee.
It is this committee that will monitor
theimplementationoftheComesaPro-
tocol on the gradual relaxation of visa
requirements and the Protocol on Free
Movement.
In this simple regard, Zimbabwe is
making key strides in enhancing trade
facilitation. •
12 BH24 COMMENT
Open borders important for enhanced trade

13. BH24

14. Ghana’s biggest mutual fund is
buying debt in the West African
nation for the first time since 2011
as accelerating inflation drives up
Treasury bill yields.
“With the cedi falling and inflation
rising, fixed income has become
the safest way to cushion your
funds,” Nii Ampa-Sowa, 34, who
helps manage the equivalent of
$232 million as chief investment
officer at Databank Asset Man-
agement Services Ltd., said in an
interview in the capital, Accra,
yesterday.
“Coupled with that is the fact that
the Ghanaian stock market is not
doing well.”
With stocks in West Africa's sec-
ond-biggest economy headed for
the lowest returns in three years,
Databank is being enticed by
investments pegged to Treasury
bills, which are paying the highest
yields since December 2009.
Inflation at a four-year high is
being fueled by a 29 percent slide
in the Ghanaian currency, the cedi,
against the dollar this year, the
most among 24 African currencies
monitored by Bloomberg.
Epack, the largest mutual fund
operated by Databank, put 4 per-
cent of its 130 million cedis ($39
million) in local fixed income in the
first five months of 2014, and may
increase that to 7 percent by year-
end, according to Ampa-Sowa.
The fund, named for the initials
of its first five investors, bought
three-year bonds in HFC Bank
Ghana Ltd., an Accra-based bank,
and fixed deposits priced off bills
offered by local lenders that don’t
have commercial banking licenses,
he said, declining to be more spe-
cific. ― Bloomberg •
14 REGIONAL News
Databank shuns Ghana stocks to buy debt first time since ’11
enjoy the CAIO ride!

15. BH24

16. 16 DIARY OF EVENTS
The black arrow indicate level of load shedding across the country.
POWER GENERATION STATS
Gen Station
1 July 2014
Energy
(Megawatts)
Hwange 518 MW
Kariba 750 MW
Harare 38 MW
Munyati 32 MW
Bulawayo 20 MW
Imports -50 MW
Total 1360 MW
16 July - Mobile Markets & Telecoms Forum Conference & Exhibition, Place: Holiday Inn (Harare),
Time: 8:00am
23 -25 July - Mine Entra, Place: Zimbabwe International Exhibition Centre, Bulawayo
24 July - OK Zimbabwe Thirteenth Annual General Meeting Place: OKMart Functions Room, First
Floor, OKMart, 30 Chiremba Road, Hillside, Time: 15:00 hours.
THE BH24 DIARY

17. BH24

18. 18 zse
ZSE
Movers CHANGE Today Price USc SHAKERS Change TODAY Price USc
Cottco 25.00% 1.00 Meikles -4.95% 19.00
NMBZ 11.11% 5.00 Old Mutual -1.92% 255.00
AFDIS 9.03% 35.00 Innscor -1.33% 74.00
Zimplow 7.69% 7.00 TSL -3.57% 27.00
Econet 2.94% 70.00
Indices
Index Previous Today Move Change
Industrial 186.49 186.69 +0.20 points +0.11%
Mining 58.03 56.12 -1.91 points -3.29%
Stocks Exchange

19. BH24

20. 20 AFRICA StockS
Botswana 8,664.65 -11.96 -0.14% 12July
Cote dIvoire 246.37 +2.18 +0.89% 07Mar
Egypt 7,949.60 -75.68 -0.94% 06Mar
Ghana 2,352.45 +6.43 +0.27% 27June
Kenya 4,885.09 +51.07 +1.06% 30June
Malawi 12,662.47 +0.00 +0.00% 07Mar
Mauritius 2,074.51 -3.51 -0.17% 07Mar
Morocco 9,544.10 +21.01 +0.22% 07Mar
Nigeria 42,482.49 +714.93 +1.71% 30June
Rwanda 131.27 +0.00 +0.00% 24Oct
Tanzania 2,018.97 +25.40 +1.27% 07Mar
Tunisia 4,624.39 -39.32 -0.84% 07Mar
Uganda 1,503.90 +0.81 +0.05% 10Sep
Zambia 4,242.74 +14.95 +0.35% 10April
Zimbabwe 186.56 -0.52 -0.28% 30June
African stock round up Commodity Prices
Name Price
Crude Oil 1,300.91 -0.21%
Spot Gold USD/oz 1,292.63 -0.26%
Spot Silver USD/oz 19.38 -0.46%
Spot Platinum USD/oz 1,421.25 -0.33%
Spot Palladium USD/oz 798.50 -0.64%
LME Copper USD/t 6,770 -0.18%
LME Aluminium USD/t 1,780 -1.17%
LME Nickel USD/t 18,230 -1.73%
LME Lead USD/t 2,095 -1.41%
Quote of the day —"I don't know
the key to success, but the
key to failure is trying to
please everybody." - Bill
Cosby
Globalshareholder.com

21. BH24

22. Oil extended losses in Asia Thurs-
day on prospects that Libya will begin
exporting more crude into a global
market flush with supplies, while eas-
ing concerns about the Iraqi crisis also
weighed on prices.
US benchmark West Texas Intermedi-
ate (WTI) for August delivery eased 47
cents to USD 104.01 while Brent crude
for August was down 33 cents at USD
110.91 in late-morning trade.
Brent fell USD 1.05 in London Wednes-
day after Libya`s interim Prime Min-
ister Abdullah Al-Thani declared that
authorities have regained control of
export terminals blockaded by rebels.
WTI fell 86 cents in New York.
"Crude prices dipped... due to the rel-
atively quiet situation in Iraq and the
Libyan port deal, both of which kept
supplies up and sentiment subdued,"
said Sanjeev Gupta, head of the Asia
Pacific oil and gas practice at business
consultancy EY.
Libyan production has been severely
limited for a year after rebels last sum-
mer blockaded terminals in pursuit of a
campaignforrestoredautonomytothe
country`s eastern region.
Its output currently stands at about
320,000 barrels per day, about a fifth
of its normal output.
Rebel leader Ibrahim Jodhran said the
lifting of the blockade on the Ras Lanuf
and Al-Sidra terminals is in line with
an April deal with Tripoli, and a sign of
goodwill towards the new parliament
elected last week.
The reopening of the two terminals will
"add 500,000 barrels of crude per day
into the global energy market", Gupta
said.
The government already has control
of two other terminals that had been
blockaded.
Concernsoverapossiblesupplydisrup-
tion arising out of Iraq`s security crisis
have eased considerably, analysts said.
Islamist militants have overrun
swathes of territory in Iraq in a light-
ning offensive since June 9, but have
so far yet to directly threaten the key
oil-producing region in the country`s
south. - AFP •
22 INTERNATIONAL NEWS
Oil extends losses on return of Libyan supplies

23. An opportunity has arisen to enable HelpAge Zimbabwe to facilitate the
implementation of the Rural WASH project, to improve water, sanitation and hygiene
in Bubi District
1. Carry out an assessment of the WASH related health risks and needs within - General Bookkeeping- Cash book and petty cash management
the targeted population and make recommendations for actions which are - Order and control office stationery
consistent with agreed guidelines and protocols. - Liaise with project staff in procurement and maintenance of project stocks
2. In conjunction with the local authority and relevant government departments records
make recommendations regarding HelpAge Zimbabwe response to unmet - Preparation of Donor Financial reports
needs. - Bank reconciliations
3. Facilitate the implementation of SafPHHE in conjunction with the WASH - Filing all office documents
officer and/or other stakeholders. - Financial and programmes reports, vouchers, program and office meetings
4. Involve affected populations in assessment of the situation and in planning minutes
activities and the design of water and sanitation facilities. - Monitoring and securing adherence to organization and donor administrative
5. Identification and training of ward based SafPHHE facilitators and health club processes
facilitators. - General Office Administration
6. Write regular reports adhering to HelpAge Zimbabwe and donor reporting
formats as required.
- Degree in Accounting or equivalency and/or accounting
- Computer knowledge
1. Degree in Environmental Science or other relevant qualification
- Knowledge in Pastel/accounting package
2. Knowledge of public health and one or more other relevant areas (e.g. health
- Skills to manage own work and meet deadlines
promotion, community development, education, community water supply).
- Clean Class 4 driver's licence
3. The post holder should have at least two years` practical experience in
appropriate community health programmes.
4. Experience and understanding of community mobilisation in relation to water
Send CV and an application letter to info@helpage.co.zwand sanitation activities.
Deadline for application 30th June, 2014.5. Sensitivity to the needs and priorities of disadvantaged populations.
6. Demonstrated experience of integrating gender and diversity issues into
public health promotion.
7. Good oral and written reporting skills.
8. Good communication skills and ability to work well in a team.
9. Ability to work well under pressure and in response to changing needs.
10. Ability to travel at short notice and to work under difficult circumstances
11. Good written and spoken English and Ndebele are essential.
2. Vacancy: Administration Assistant
Station: Bubi District
Key Result Areas Job Description
Qualifications and Person Specification
SKILLS AND COMPETENCIES
To Apply
- 2 years` experience in office administration
1. Vacancy: Participatory Health and Hygiene Education Officer
TLM-DI159207-T26
Two vacancies have arisen in HelpAge Zimbabwe.
BH24

24. The 23rd Ordinary Session of the Sum-
mit of the African Union concluded in
Malabo, Equatorial Guinea on 27 June
2014. The summit’s Assembly, com-
prising Heads of State and Govern-
ment of the African Union, was held
from 26-27 June 2014. In their Assem-
bly organised under the theme: “ 2014
Year of Agriculture and Food Security”,
the Heads of State and Government
adopted a number of key decisions
withaviewtoenhancingthesocio-eco-
nomic and political development of
the continent, notably in the areas of
education, health, agriculture, trade,
women and youth development.
The Assembly adopted the AU Budget
for 2015 which amounts to a total
of US$ 522,121,602.00, including
US$142,687,881.00 for operational
costs and US$379,433,721.00 for pro-
grammes.
The Assembly received an update
report on the development of Agenda
2063: the fifty year vision for Africa.
The popular version of Agenda 2063;
the Africa we Want was tabled, and the
Assembly instructed the Commission
and the NEPAD Agency, together with
the UNECA, the African Development
Bank to popularise it widely and solicit
furtherinputsfromtheAfricancitizenry.
Member states who have not yet made
their submissions on Agenda 2063,
furtherundertooktohavenationalcon-
sultations and submit inputs on behalf
of their countries as soon as possible.
The Assembly further mandated the
AU Commission to explore Agenda
2063 flagship programmes, such as
the Continental Free Trade Area, free
movement of people, the continental
integrated high speed rail network,
and to report to the Summit in January
2015. The Summit in January 2015 will
also adopt Agenda 2063 and its first
ten year plan.
The Assembly adopted the Protocol
and the Statute for the Establishment
of the African Monetary Fund. It further
called on Member states to sign and
ratify that Protocol as expeditiously as
possible, for its early entry into force.
Regarding the Post-2015 Development
Agenda, the Assembly considered the
report of the High Level Committee
(HLC) on the Post 2015 development
agenda and requested Member States
to mobilize together, to ensure that
the agreed Common African Position
(CAP), which is to eradicate poverty
in all its forms, is the key message for
all African representatives in the inter-
governmental negotiation process on
that crucial subject for Africa. In this
regard, the Assembly mandated the
HLC to coordinate Member States with
the support of the secretariat and in
collaboration with partners and other
relevant African stakeholders, as Africa
engages in the negotiation process
with the rest of the world on CAP. The
CAP will serve as the basis for Africa's
input at the global level into the on-go-
24 Analysis
23rd Ordinary Session of the African Union resolutions

25. 25 Analysis
ing post-2015 sustainable develop-
ment intergovernmental deliberations,
including the work of the Open Work-
ing Group on Sustainable Development
Goals (SDGs), the Intergovernmental
Committee of Experts on Sustainable
Development Financing and the final
phase of intergovernmental nego-
tiations on the post-2015 develop-
ment agenda. The assembly further
requested Member States to enhance
their statistical capacity to enable
them to effectively monitor progress in
the implementation of the Post-2015
Development Agenda, and urged them
to speedily ratify the African Charter on
Statistics.
The Assembly called for the enhance-
ment of the Pan-African Productiv-
ity Association, to provide it with
the capacity enabling it to act as a
regional think-tank, catalyzer, research
and knowledge developer and policy
adviser on productivity at the conti-
nental level. Additionally, it called for
the establishment and enhancement of
productivity organizations at national
and regional levels, which would even-
tually become members of the Pan-Af-
rican Productivity Association.
The Science, Technology and Innova-
tion Strategy for Africa -2024 (STISA-
2024) was adopted as the continental
framework for accelerating Africa’s
transition to an innovation-led, knowl-
edge-based economy within the overall
framework of the AU Agenda 2063.
Similarly, the Statute of the African
Observatory on Science Technology
and Innovation (AOSTI) was consid-
ered, with the Heads of State and Gov-
ernment calling upon Member States
and development partners to avail the
necessary technical and financial sup-
port for sustaining the AOSTI. Further,
the Assembly, while recognizing ARIPO
and OAPI as building blocks of the
Pan African Intellectual Organization
(PAIPO), welcomed and endorsed the
offer of Tunisia to host the Headquar-
ters and Secretariat of the PAIPO.
A proposal by Republic of Congo to
organize in Brazzaville every two years,
an International Salon on Invention
and Innovation under the auspices
of the African Union; and to host a
high level Ethics and Bioethics Forum
in Brazzaville was welcomed and
endorsed by the Assembly.
The Assembly underscored the impor-
tance of Technical and Vocational Edu-
cation and Training (TVET) to Africa’s
development, particularly for youth
empowerment, employment and
entrepreneurship and adopted the ten-
year AU Continental TVET Strategy.
The Summit in Malabo decided that the
APRM shall be an autonomous entity
within the AU system. In this regard,
the African Union Commission and the
APRM Secretariat were requested to
consult on the practical modalities for
the integration of the APRM into the
African Union system.
The following legal instruments were
adopted in Malabo: Protocol on the
Establishment of the African Monetary
Fund;AfricanConventiononCrossbor-
der Cooperation (Niamey Convention);
African Union Convention on Cyber-
space Security and Protection of Per-
sonal Data; African Charter on the Val-
ues and Principles of Decentralization,
Local Governance and Local Develop-
ment; Protocol on Amendments to the
Protocol on the Statute of the African
Court of Justice and Human Rights;
Protocol to the Constitutive Act of the
African Union on the Pan-African Par-
liament. Furthermore, Member States
were called upon to speedily sign and
ratify the above legal instruments as
well as all the other legal instruments
they have not yet ratified.
The Assembly, while considering the
Report of the High Level Committee
on African Trade (HATC), directed the
AU Commission to prepare Draft Terms
of Reference of the Continental Free
Trade Area (CFTA) Negotiating Forum
based on best practices in the regional
economic communities (RECs)/Tripar-
tite, refined draft Guiding Objectives
and Principles as well as Institutional
Arrangements to be submitted to the
next AU Trade Ministerial Conference
for consideration, along with other
negotiation-related issues, and subse-
quent endorsement by the Assembly
in January 2015 so as to facilitate the
effective launching of the CFTA negoti-
ations in June/July 2015.
In this regard, the Assembly called
upon Member States to maintain the
momentum to fast track the estab-
lishment of the Continental Free Trade
Area (CFTA) as scheduled by providing
the necessary financial and technical
resources at national, regional and
continental levels. ― AU •
...to be continued in tom-
morrow's edition