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CZR Endorses Constitutional Amendment No. 3

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Backs Constitutional Amendment No. 3: A Pillar for Stability and Growth

The Confederation of Zimbabwe Retailers (CZR) has thrown its full weight behind the Constitutional Amendment No. 3 Bill, declaring it essential for robust governance and enhanced state efficiency.

 

This powerful endorsement from the retail sector shows the amendment’s perceived role in securing national progress, investor confidence and sustained economic growth.

 

CZR President Cde. Denford Mutashu said the retailers’ stance, emphasising that “Peace, security and stability are the bedrock of National progress.” He indicated these as crucial for investor confidence, asset protection and policy continuity, all vital for achieving Vision 2030 under the National Development Strategy (NDS1 and NDS2).

 

The CZR’s support is firmly rooted in the tangible economic gains witnessed under the Second Republic.

 

Dr Mutashu cited a projected GDP surge from USD 20 billion in 2017 to USD 52 billion by 2025, inflation stabilized at 4.1 percent and restored fuel and energy stability.

 

Record outputs in gold, tobacco and wheat, alongside widespread infrastructure development and renewed investor confidence, were presented as clear evidence of progress.

 

In a bold move, the CZR explicitly endorsed extending President Mnangagwa’s term to 2030.

 

Dr Mutashu argued that “development requires leadership continuity to complete transformative projects and consolidate national gains,” asserting that current stability must not be jeopardised by “perpetual election cycles.”

 

“As retailers operating in every community, we witness daily the benefits of a stable environment.”

 

The CZR stands resolutely behind this constitutional reform, viewing it as a critical safeguard for stability and a catalyst for Zimbabwe’s accelerated journey towards an upper-middle-income economy by 2030.

 

This strong backing from a key economic player signals significant business community alignment with the amendment, positioning it as indispensable for economic continuity and national development.

 

Dr. Mutashu said the CZR’s rationale for endorsing the Amendment Bill, “Peace, security, and stability are the bedrock of National progress. These pillars guarantee investor confidence, protect productive assets, and ensure policy continuity-essential elements for sustainable economic growth under NDS1 and NDS2 as we advance toward Vision 2030.

 

“Commerce flourishes where peace prevails. The stability we enjoy today must not be disrupted by perpetual election cycles.

 

“We therefore support extending His Excellency President Mnangagwa’s term to 2030, as development requires leadership continuity to complete transformative projects and consolidate national gains.

 

“The Second Republic is delivering measurable progress. As retailers operating in every community, we witness daily the benefits of a stable environment.

 

“We stand firmly behind this constitutional reform process that safeguards stability and accelerates our journey toward an upper-middle-income economy by 2030,” said Dr Mutashu.

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Former COO Fayaz King Returns to Lead Econet InfraCo

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Econet Wireless Zimbabwe has appointed its former Chief Operating Officer, Fayaz King, as the Chief Executive Officer of its newly established infrastructure subsidiary, Econet InfraCo.

King is making a return to the telecommunications giant after departing in 2019 to serve as Assistant Secretary-General at the United Nations Children’s Fund (UNICEF). He is set to assume his new role on 1 March 2026.

Econet InfraCo is expected to list on the Victoria Falls Stock Exchange (VFEX) toward the end of March, subject to shareholder approval of Econet’s proposed delisting from the Zimbabwe Stock Exchange and transition to an over-the-counter trading platform overseen by the VFEX.

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International FinTech Executive Tinashe Muhove Supports SMEs and Youth Talent

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LONDON — International fintech executive Tinashe Muhove is playing an important role in expanding financial access, supporting small businesses, and helping young people enter the global fintech industry.

Muhove has worked in senior positions at well-known fintech companies such as Mukuru, Mama Money, and MoneyGram. In these roles, he focused on growing businesses and expanding into new markets, especially in cross-border payments and money transfer services.

Much of his work has targeted emerging and underbanked communities, helping improve access to financial services in Africa, Europe, and other regions.

Industry experts say his experience dealing with different regulations and business environments has given him a strong understanding of both business growth and financial inclusion.

Muhove is currently the Co-Founder and Chief Executive Officer of UJU, a UK-based technology company that supports small and medium-sized enterprises (SMEs). The platform helps high-street businesses keep customers and improve long-term profits at a time when competition and digital change are increasing.

UJU provides tools that help businesses encourage repeat customers and maintain steady income. This is important as many small businesses face rising costs and changing customer habits. The company’s work supports wider efforts in the UK to strengthen local economies and protect jobs.

Alongside his business work, Muhove is also involved in education and skills development. He founded Fin4NextGen, a four-week global programme that introduces young people to the fintech industry.

The programme teaches basic fintech ideas, career options, and real-life examples. It mainly targets young people who may not normally have access to the fintech sector. This supports industry efforts to improve skills and increase diversity in fintech.

Muhove is also sharing his ideas through writing. He is currently working on a book about the challenges of building fintech startups. The book follows two young entrepreneurs in the same industry but with very different goals, and looks at ambition, ethics, and purpose.

At the centre of the book is a key question he believes founders must ask themselves:

“Why am I building what I am building?”

Analysts say this focus on purpose reflects a wider shift in fintech, as companies are now expected to consider social impact as well as profit.

With experience in global fintech companies, SME technology, youth education, and thought leadership, Muhove is increasingly seen as someone helping shape the future of the UK and global fintech industry.

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Dangote Appoints MTN CEO Ralph Mupita to Fertiliser Board Ahead of IPO

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Africa’s richest man, Aliko Dangote, has appointed MTN Group Chief Executive Officer Ralph Mupita to the board of Dangote Fertiliser as the company prepares for a landmark initial public offering (IPO) on the Nigerian Stock Exchange later this year.

 

Dangote Fertiliser Managing Director Vishwajit Sinha confirmed Mupita’s appointment, signalling a strategic move as the fertiliser business positions itself for expansion and entry into public markets.

 

Mupita’s inclusion brings high-level capital markets and corporate governance experience to Dangote’s fast-growing fertiliser unit. He previously led the successful 2019 listing of MTN Nigeria, now one of the country’s most valuable companies. Since its listing, MTN Nigeria’s revenues have more than quadrupled, and the company currently boasts a market capitalisation of about US$8.6 billion, making it the Nigerian Exchange’s second-largest stock after BUA Foods.

 

The appointment comes at a pivotal moment for Dangote Fertiliser, which is seeking to tap public markets to fund ambitious expansion plans. The company currently produces around 3 million tonnes of granulated urea annually from its US$2.5 billion Lagos-based complex and aims to become the world’s largest fertiliser producer by 2028.

 

To support this goal, Dangote Fertiliser plans to expand its existing Nigerian operations and commence construction of a new production facility in Ethiopia later this year. The Ethiopian plant is expected to strengthen the company’s footprint in East Africa while supporting regional food security and agricultural productivity.

 

Africa’s fertiliser market is gaining prominence as the continent experiences the world’s fastest population growth. According to the African Development Bank, rising food demand, rapid urbanisation and expanding intra-African trade could see the continent’s agricultural sector grow to more than US$1 trillion by 2030. However, limited access to fertilisers remains a key challenge for many small-scale farmers, constrained by financing gaps, poor infrastructure and underdeveloped markets.

 

Dangote Fertiliser’s expansion is positioned as a response to these challenges, aiming to reduce Africa’s dependence on imported fertilisers while supporting higher crop yields across the continent.

 

Mupita has led MTN Group, Africa’s largest mobile network operator, for more than five years, having joined the group in 2017 as chief financial officer. Prior to MTN, he held senior roles at South African financial services group Old Mutual and began his career as a trained engineer. His blend of engineering, finance and capital-markets expertise is expected to bolster Dangote Fertiliser’s governance and investor appeal ahead of its IPO.

 

Beyond fertiliser, Dangote Industries is also preparing to list its massive oil refinery business, a move Aliko Dangote has previously described as part of a broader strategy to raise capital, deepen transparency and attract institutional investors.

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