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Zimbaqua Mine is ‘Breaking Bias’ in male-dominated mining industry in Zimbabwe. See how

Published

1 year ago

April 15, 2022

In what appears to be a first of its kind in Africa in a male-dominated industry like mining, Zimbabwe’s Zimbaqua mine is recruiting an all-female workforce.

The mine, which is located near Karoi, a town 200 km northwest of the capital Harare, is changing the lives of women in the region. providing relief to the plight of women in the region, most of which are unemployed.

The percentage of female employment as modeled by ILO estimate in Zimbabwe was reported at 1.891 % in 2020, according to the World Bank collection of development indicators, compiled from officially recognized sources.

“My family suffered a great deal before I joined the mine,” said Sylvia Mugova, a miner and mother of five. “My children were consistently suspended from school due to lack of fees. My husband does not work. We also take care of my mother-in-law. All I wanted was an opportunity to provide for my family, and mining has given me that.” Mugova said further.

“I no longer have to bother the father of my children because I am paying school fees for the two of my children who are in primary school,” said another female miner, Shupi Kabudura, 33, who became a miner after fleeing an abusive husband with her three children.

According to the Mine manager Rumbidzai Gwinji, “Zimbaqua is setting a new standard for mining. The project is elevating the community by providing solutions for women. The ladies no longer wait and hope that the husband will put a meal on the table. For single mothers, there is no better security than a reliable source of income. They can now take care of the children, send them to school and feed them. They are now stable financially,” she shared.

Related Topics:Featured Zimbabwe Zimbaqua Mine

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Kenya: Parliament approves appointment of Kamau Thugge as central bank governor

Published

8 hours ago

June 7, 2023

Ifeoluwa Dada

Months after throwing open the position for the country’s top banker, Kenya’s parliament has approved the appointment of Kamau Thugge as the country’s central bank governor.

The National Assembly on Wednesday approved the
appointment of economist and senior civil servant who was nominated by President William Ruto as the next apex bank chief.

Thugge, who served as principal secretary in the finance ministry until mid-2018, was nominated after serving as one of the president’s senior economic advisers since late last year.

He shook off competition from others shortlisted candidates like Adan Mohamed, who served in the cabinet from 2013-2022, with four others also interviewed for the role.

The new central bank governor will be faced with the immediate pressure of stabilizing the country’s monetary policy as the East African giant currently faces a shortage of funds amidst rising public debt.

Despite the odds, the World Bank in a report earlier today expects growth to edge up to 5.0% in 2023, underpinned by a recovery in agriculture.

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Ghana presents ‘working proposal’ for debt restructuring— IMF sources

Published

8 hours ago

June 7, 2023

Ifeoluwa Dada

West African country, Ghana has made a major move at resolving its debt crisis as the country has presented debt restructuring proposal to its creditors.

According to sources quoted by Reuters, a “working proposal” has been submitted to help the country escape its worst economic crisis in a generation.

One of the sources revealed that the proposal was a first attempt to engage the official creditor committee after its formation in May. It should be recalled that the Paris Club last month announced that official sector of creditors of Ghana had formed a committee co-chaired by China and France for debt restructuring talks.

The plan is to end restructuring of domestic debt before turning to negotiations with its official bilateral creditors and international bondholders, a government official said.

Ghana is one of several cash-strapped countries facing unprecedented delays in getting bailouts as China, its biggest bilateral creditor with about $1.7 billion of debt and Western economies disagree over how debt relief should be structured.

The first formal review of the programme will hold in the coming months as an IMF team will visit Ghana between 8th and 15th of June.