BH24 26 april 2016

Email: bh24feedback@zimpapers.co.zw News Update as @ 1530 hours, Tuesday 26 April 2016

Zimplats Q3 output up 71pc

By Tawanda Musarurwa HARARE – Zimbabwe Platinum Holdings posted a 71 percent jump in platinum output to 89 000 ounces (oz) from for the quarter ended March 31, 2016 from 52 000oz in the prior comparable period.

Zimplats' increased platinum output had a significant impact on South African-based parent firm Impala Platinum (Implats) which saw its production for the period rise by 17 percent.

Gross refined platinum production for the group stood at 353 000oz for the quarter

Feedback: bh24admin@zimpapers.co.zw

2 just ended, from 301 000oz same period in 2015.

Implats attributed the rise in the Zimbabwean division's output to " increased milling rate and the release of stockpiled concentrates following a furnace outage in the final quarter of FY2015."

The local platinum producer's tonnes milled during the quarter ended March 31, 2016 rose 30 percent to 1,65 million tonnes up from 1,26 million tonnes in the prior corresponding period.

Mill throughput over the nine-month period under review increased by 27 percent to 4,77 million tonnes, compared to 3,74 million tonnes in the corresponding prior period.

"The higher throughput was directly attributable to the measures implemented to recover production loses as

news a result of the safety closure of the Bimha Mine in August 2014," reported Implats.

increased by 8,7 percent to 676 000 tonnes for the period under review.

Platinum in matte for the nine months ended March 31, 2016 was 42 percent higher at 220 000oz, compared to 155 000oz in the prior comparable period.

Platinum in concentrate production for the quarter increased as a result of the increased mill throughput to 30 000oz compared to 28 000oz in the same period last year.

The platinum giant said Zimplats continues to engage with the Zimbabwean Government with regards to the indigenisation implementation plan and "the securing of a more conducive regulatory and fiscal framework for the mining industry in Zimbabwe".

Implats holds an 87 percent stake in Zimplats, as well as 50-50 joint venture with Aquarius Platinum in another Zimbabwe-based platinum producer, Mimosa Platinum Mine.

Tonnes milled during the nine-month period ended March 31, 2016 increased by 3,3 percent to 1,99 million tonnes, compared to 1,92 million tonnes in the corresponding prior period.

Implats reported that the increased throughput at Mimosa resulted in 2,3 percent higher platinum in concentrate production of 90 000 platinum ounces compared to 88 000 platinum ounces in the prior comparable period.

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TAA:DI251386-Y22

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news

Zim now biggest investor destination for Chinese agric firms BH24 Reporter HARARE -Zimbabwe is now the biggest investment destination for Chinese firms in agriculture in the region, but some of the investors have called for removal of risks associated with the sector for them to do more, an official has said.

The director of China’s department of international cooperation in the Ministry of Agriculture, Mr Ye Anping, said yesterday that the Southern African country had many advantages in agriculture compared to its neighbours.

He was answering a question from The Herald while addressing journalists from 22 African countries who are attached to the China-Africa Press Centre for this year.

“I have information that Zimbabwe has good and a better infrastructure compared to

its neighbouring countries, also the production system is complete in Zimbabwe,” said Mr Ye. “So, this is why many Chinese enterprises are very interested in investing in Zimbabwe in agriculture.

Actually, China is has bigger investments in Zimbabwe compared to its neighbouring countries.”

But Mr Ye said the Chinese investors had noted some gaps in the investment climate in Zimbabwe’s agricultural sector.

“First, the policy of agri-

culture in Zimbabwe is less transparent and it is uncertain and this is the reason why many Chinese enterprises have their own concerns,” he said.

“The other issue the Chinese enterprises have on Zimbabwe is that when they want to expand their business they find it hard to get loans from financial institutions in Zimbabwe.

“However, the fact is, it is not only agricultural companies, but other enterprises that have a huge interest ... ...Continued on page 8

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BH24

NOTICE PAYMENT OF SERVICING COSTS FOR ROCKLANDS AND NEW RETREAT WATER RETICULATION PROJECTS Notice is hereby given to all beneficiaries of ROCKLANDS AND NEW RETREAT low density housing schemes that the payment of servicing contributions by majority of the beneficiaries is lagging behind the schedule. The stipulated period of paying servicing contributions was between 01 December 2015 and 31 March 2016. The slow payment progress affects the commencement of the projects because of insufficient funds in the Dedicated Account. After dual meetings held between council and the respective development committees of Rocklands and New Retreat housing schemes between March 2016 and April 2016 a consensus was reached that the payment period for water reticulation servicing contributions be extended up to the 30th of June 2016. Beneficiaries who have not yet paid their contributions are therefore advised to do so by 30 June 2016 without fail. It is also imperative to note that council has unilateral mandate to repossess stands allocated to those beneficiaries who do not comply with payment of land development levies and servicing contributions as stipulated.

Stand servicing contribution remains at US$400 and US$299.87 for Rocklands and New Retreat respectively.

Council also notes with concern that a number of beneficiaries are not paying land development levies as stipulated in the lease agreements that they entered into with council. Beneficiaries are hereby reminded to pay their levies failure of which council will not hesitate to take legal action against them to recover the money.

For any queries related to the matter above please do not hesitate to send us an email on ceo@manyamerdc.org/ceo@manyamerdc.com or call us on any of the following telephone numbers, (065) 218/239/404/434 or pay us a visit at the physical address provided below: Manyame Rural District Council Stand 34, Beatrice "Let us work together in the creation of self-sufficient communities by bringing the drop of life at our households."

F.GUTA THE CHIEF EXECUTIVE OFFICER

CAL-DI378697-X19

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BH24 PUBLICATION OF AWARD OF CONTRACT FOR CONSULTING SERVICES FOR PROJECTS FINANCED BY THE AFRICAN DEVELOPMENT BANK

INFORMATION NOTICE The date this notice appears on the AfDB website Republic of Zimbabwe Zimbabwe Multi-Donor Trust Fund Management Unit (MMU) Name of Project/Study:Urgent Water Supply and Sanitation Rehabilitation Project Phase II (UWSSRPII) Loan/Grant Number: Grant: 5850155000251 Name of Request for Proposals (RFP): UWSSRPII/005, Consulting Services for Capacity Development, Non-Revenue Water & Customer Care Management for Greater Harare and Investment Planning for Redcliff.

Selection Method: QCBS Date of publication of EOI: Date of publication of RFP: Technical Proposals opening date: Financial Proposals opening date: Date of approval by the Bank of the draft negotiated Contract:

3rd August 2015 th 7 October 2015 18th November 2015 14th January 2016 11th April 2016

Name of Selected Consultant: Vitens Evides International BV Nationality: Netherlands Address: Reactorweg 47, 3542 AD Utrecht Contract Award Price: USD 1,606,675.00 Excluding local VAT Contract Start date: May 2016 Contract Duration: 18 months Summary of Scope of Contract Awarded: Task 1: Design a Non-Revenue Water Reduction Programme for Harare; Task 2: Design and deliver an O & M Human Capital Development Programme that will provide training for administrative and financial staff; Task 3: Design a Medium and Long Term Water Supply and Sanitation Investment Plan for the Redcliff Municipality.

Total Number of Proposals Received: 4 For each Consultant: Name: Nationality: Address:

Vitens Evides International BV Netherlands Reactorweg 47, 3542 AD Utrecht

Technical Points: Price read out: USD Evaluated Price: Final weighted score: Ranking:

86.06 USD 1,606,675.00 Excluding local VAT USD 1,606,679.00 Excluding local VAT 88.85 1

Name: Nationality: Address:

SETEC Engineering GmbH & Co KG Austria Feldkirchnerstrasse 50, 9020 Klagenfurt In Joint Venture with H. P. Gauff Ingenieure GmbH & Co. KG- JBG

Name: Nationality: Germany Technical Points: Price read out: USD Evaluated Price: Final weighted score: Ranking: Name: Nationality: Address: Name: Nationality: Technical Points: Price read out: USD Evaluated Price: Final weighted score: Ranking:

87.81 USD 1,895,560.00 Excluding local VAT USD 1,895,560.00 Excluding local VAT 87.20 2 Niras A/S Denmark Bredgade 30, 3rd Floor, 5, 1260 Copenhagen In joint venture with: Rodeco Consulting GmbH Germany 82.56 USD 1,688,042.00 Excluding local VAT USD 1,688,315.00 Excluding local VAT 85.08 3

Name: SMEC International (Pty) Ltd Nationality: Australia Address: 220-226 Sharp Street, Cooma, NSW 2630 Technical Points: 71.94 Did not reach the pass score of 80 so the Financial Proposal was not opened.

N.B.: Any consultant who wishes to ascertain the grounds on which its proposal was not selected, should request an explanation from the Executing Agency. In any event, the Bank reserves the right to review any complaint of a bidder at any time following the award.

NOM-DI380284-M25

Publication date: Country: Executing Agency:

8 in investing in agriculture in Zimbabwe.”

Mr Ye said the situation was not peculiar to Zimbabwe as “different enterprises have different challenges and difficulties in other African countries”.

He said in some African countries, it was difficult for Chinese companies to remit foreign currency, while in others they were not allowed to bring their own workers.

Zimbabwe has since adopted the Look East Policy which is meant to increase its contact and business, mainly with China.

Mr Ye said he believed that the land reform programme was done according to Zimbabwe’s own situation and that its aim was to increase productivity, guarantee food security and raise people’s income.

China, Mr Ye said, was work-

ing on a new round of food assistance to some Southern African countries, including Zimbabwe, that were affected by a devastating drought last season.

“We provide free of charge food to African countries through multi-national or bilateral channels,” he said.

“Through multi-national channels, we use the channel of the United Nations food programme to offer food as assistance to African countries.

“I think some of you have already heard that in the southern part and the eastern part of African countries we have seen some abnormal climate change issues recently and this has resulted in severe food shortages, so China is now issuing a new round of free assistance of food to African countries and this is through multi-national and bilateral channels.”

Mr Ye said the Asian economic giant was increasing

its cooperation with African countries in agriculture.

He said since 2006, his country has established 25 agricultural demonstration centres in 24 countries which have so far trained more than 50 000 experts and farmers.

Chinese agricultural experts and technicians were being send to African countries, while some from Africa were coming to China for further training, said Mr Ye. The Government in January signed a deal with a Chinese firm to set up eight satellite agricultural demonstration centers and experimental farms across the country.

Debont Co. Ltd, the Chinese agricultural company running the four-year-old Gwebi Agricultural Demonstration Centre, signed the agreement to partner eight other local agricultural colleges for the demonstration centre's expansion.

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Continued From Page 5

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TOLL FREE: 08080073

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BH24

SPECIFIC PROCUREMENT NOTICE Invitation for Bids Urgent Water Supply and Sanitation Rehabilitation Project Phase II Supply of Pipes and Fittings ICB Reference: UWSSRPII/016

2.

This invitation for Bids follows the General Procurement Notice for this project that appeared in the United Nations Development Business online (UNDB online) No. AfDB496-07/14 of 24th July 2014 and on the African Development Bank's Internet Website (www.afdb.org) on 30th July 2014.

The Ministry of Finance and Economic Development, Government of the Republic of Zimbabwe has received a grant from the Zimbabwe Multi-Donor Trust Fund (Zim-Fund) administered by the African Development Bank (the Bank) to finance the Urgent Water Supply and Sanitation Rehabilitation Project Phase II (UWSSRPII). The Ministry of Finance and Economic Development, Government of the Republic of Zimbabwe intends to apply part of the proceeds of this grant to fund:

5.

6.

7.

Contract Ref. UWSSRPII/016:Supply of Pipes and Fittings 3.

The Ministry of Finance and Economic Developmenthas appointed Crown Agents Limited (Crown Agents) to act as its Procurement Agent. Crown Agents now invites sealed bids from eligible bidders for the supply of goods and related services comprising: Item 1.1

1.2

2.

3.1 3.2 4.

Description Cast Iron Saddles: 75mm 100mm 150mm Saddles for uPVC pipes: 63mm 90mm 110mm 160mm HDPE pipes, 20 mm 20mm x 90o bends 15/20mm reducer

8.

Quantity 11,250 No. 5,625 No. 1,875 No. 1,875 No. 1,875 No. 1,875 No. 625 No. 250,000m 100,000No. 20,000 No.

Postqualification will be conducted through the procedures specified in the Bank's Rules and Procedures for Procurement of Goods and Works (May 2008 Edition, revised July 2012) and is open to all bidders from eligible firms and voluntarily formed joint ventures from all countries, as defined in the aforementioned Rules and Procedures and the Operations Manual of the ZimFund.

A complete set of the Bidding Documents in English may be obtained by interested Bidders through the submission of a written application (with the full n a m e a n d a d d re s s o f t h e a p p l i c a n t ) t o t h e e m a i l a d d re s s : zimfundpa@crownagents.co.uk . No fee is due. The bidding documents will only be available electronically.

The provisions in the Instructions to Bidders and in the General Conditions of Contract are the provisions of the African Development Bank Standard Bidding Document: Procurement of Goods or Procurement of Works, and the Operations Manual of the Zim-Fund. Bidding shall be by International Competitive Bidding.

Bids must be submitted to the address at 9 below on or before13:00 hours, British Summer Timeon 7 June 2016, and must be accompanied by a security of USD12,000 (twelve thousand United States Dollars). Bids sent electronically will not be accepted.

Bids will be opened in the presence of bidders' representatives who choose to attend at 14:00 hours British Summer Time on 7 June 2016 at the address at 9 below. The bid opening will be transmitted live to the offices of the Zim-Fund at the following address: AfDB Zimbabwe Multi-Donor Trust Fund 5th Floor Joina City Cnr. J. Moyo Ave/J. Nyerere Way Harare, Zimbabwe

Bidders may attend either location for the public opening. Note that 14:00 hours BST is 15:00 hours Zimbabwe time.

9.

Bids must be clearly marked “Bid for Contract Ref: UWSSRPII/0016 Supply of Pipes and Fittings� and delivered to: SCS Tender Box Crown Agents Limited St Nicholas House Sutton Surrey SM1 1EL United Kingdom Telephone (for Courier purposes only): Tel: +44 20 8643 3311

NOM-DI380262-M25

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news

BAT sales volumes decline BAT has operated at 75 percent of capacity over the past two years, she added.

By Funny Hudzerema HARARE -Zimbabwe largest cigarette manufacturer, British American Tobacco Zimbabwe (BAT) recorded a decline in sales volumes during the first quarter of the year.

However management expects a recovery within the next three months.

BAT managing director Mrs Clara Mlambo said the sales volumes declined sharply compared to last year due to low consumer demand of products.

“Our volumes are below those experienced last year.

However we are expecting the volumes to pick up through a number of strategies and activities which we are putting in place,” she said.

Mrs Mlambo took over as managing director from Mr Lovemore Manatsa on Febru-

“This year we are not expecting to invest in more projects but we are going to assess the projects that we did last year,” said Mrs Mlambo. ary 1, 2016.

“We just have to leverage on our portfolio to make sure we meet the various consumer needs because affordability has become a big challenge.

“One of the key strategies which we launched last week is this year’s edition of the Madison mega promotion which has running for the last 14 years,” she said.

She added that the promotion has seen the company increasing in its volumes over the years.

“So we are expecting an increase in volumes in the next three months,” she said.

In the full-year to December 2015, sales declined 9 percent from 2014. Meanwhile BAT company secretary Mr Brain Nyabadza said the company is going to enroll its first students for the BAT Zimbabwe’s Tobacco Empowerment Trust at Chaminuka Vocational Training Centre in Mashonaland Central next week.

"We are expecting to enroll our first students at Chaminuka Vocational Training Centre next week and we will carry out satellite trainings in tobacco grown areas," he said.The programme is aimed at improving production in tobacco growing areas.

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BH24

VACANCY ANNOUNCEMENT Applications are invited from suitably qualified and experienced persons to fill the following vacancies that have arisen at ZIMSEC: 1.

Regional Manager-Harare, Matebeleland South

Mashonaland

Central

and

The position of Regional Manager is a middle management post within ZIMSEC and the successful candidate will report to the Assistant Director (Examinations Administration).

DUTIES The Regional Manager will, inter-alia, be responsible for and discharge the following duties:• • • • • • • • • •

Planning, organizing, leading and controlling all examinations activities in the Region; Coordinating centre inspection and registration of Examination Centres; Spearhead the E-registration process in the Region and assisting and attending to candidate entries related matters; Monitor the recruitment of Grade Seven (7) Markers, Coordinating the marking of practical subjects/ coursework and Grade 7 Examinations in the Region and collection and submission of marks; Management of question paper distribution and script collection; Investigating cases of suspected malpractice; Accountable for all ZIMSEC assets in the Region; Act as a link between ZIMSEC Head Office and the stakeholders; Carry out other duties assigned from time to time by relevant authorities.

QUALIFICATIONS AND EXPERIENCE Applicants should: • Be a holder of a Masters Degree; • Have been in the employ of ZIMSEC or the Ministry of Primary and Secondary Education as a Headmaster, Deputy Head or Education Offer for at least 5 years; • Have experience in conducting and supervising Examinations.

• Be capable of training Heads of Centres and Invigilators in the conduct of examinations; • Holder of a clean class 4 driver's licence.

2.

SUBJECT MANAGER BIOLOGY

This is a Middle Management position. The incumbent will report to the Assistant Director (Test

Development, Research and Evaluation) and will be responsible for developing high quality errorfree question papers for the subject.

JOB SPECIFICATIONS The Subject Manager will be expected to discharge the following duties:• • • • • • • • •

Organize item writing and moderation workshops.

Manage the process of the production of error-free question papers.

Organize the marking process, i.e preparation of marking team structures, grading and grade reviewing and the production of Principal Examiners' Reports.

Train new examiners.

Spearhead and participate in the development of the subject syllabus.

Grade examiners according to their performance during the marking of examinations.

Attend to all queries pertaining to the subject during marking.

Implement research findings and recommendations after every examination session.

Embrace and implement technological advances in the examination of the subject.

PROFESSIONAL AND PERSON SPECIFICATIONS The incumbent should possess the following: • • • • •

A first degree in Biology and a teaching qualification.

A relevant Masters' degree will be an added advantage.

Teaching experience of at least ten years both at Ordinary and Advanced Levels.

Experience as a ZIMSEC Examiner in Biology.

A confident nature, maturity, diligence and ability to handle pressure with minimal supervision.

Written applications accompanied by detailed Curriculum Vitae and copies of academic and professional qualifications should be submitted by 10 May 2016 to the: The Director Zimbabwe School Examinations Council P O Box CY 1464 Causeway Harare

BRIT DI379556-D28

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BH24

The ZimDigital Commissioning Committee will receive programme proposals and or pilots and trailers for finished programmes from Content Creators at the Ministry of Information, Media and Broadcasting Services Pavilion/stand during the Zimbabwe International Trade Fair (ZITF), in Bulawayo.

Date:

26 to 30 April, 2016

Each Concept/Proposal Should:  Indicate the working title and which genre/category the concept/proposal falls in;  Include an itemized production budget catering for location costs , crew, cast, subtitles, and other production costs ;  Not be more than 5 pages long, typed and printed on A4 paper in portrait format, stapled at the top left-hand corner (NO BINDING);  Be three copies in one envelope;  Include name, address and telephone numbers of contact persons;  Have a synopsis of the concept;  Include a detailed treatment outlining what the producer is trying to achieve;  Indicate the number of episodes and duration of programmes.

Requirements for Finished Programmes:  A trailer of the programme;  A proposed programme price (for licencing/ broadcasting rights).

The Commissioning Committee encourages producers to submit proposals in the following genres: musical programmes, talk shows, magazine shows, educational, health and cultural programmes For more information, contact Vimbai 0716 800156 email: vimbai.takawira@gmail.com Einstein 0772 716080 email: einstein@transmedia.co.zw

NOM-DI379991-C29

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ZSE

Equities continue on bullish run HARARE -The equities market continues to be bullish on the back of gains in the mainstream industrial index.

Industrials today added 2.23 (or 2,24 percent) to settle at 101.86 as beverages giant Delta gained $0,0398 to close at $0,6398, while conglomerate Innscor rose by $0,0095 to $0,2100 while its division Simbisa rose by $0,0065 to trade at $0,1320.

Clothing retailer Edgars put on $0,0030 to $0,0530 while Proplastics closed at $0,0250 after a $0,0015

gain.

$0,0087.

ZPI was the only counter to trade in the red, following a $0,0008 drop to close at

The mining index was steady at 20.16 as Bindura, Falgold, Hwange and RioZim

maintained previous price levels at $0,0102, $0,0050, $0,0300 and $0,1100 respectively - BH24 Reporter

â—?

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BH24

ny of is visit a 2016, y ave to do All you h hes before 15 Ma matically c o ut an a our br u are n and yo get a loa to the draw!! in entered

Bindura Bulawayo Chegutu Chinhoyi Chipinge Chiredzi Chivhu Gokwe Guruve Gwanda Gweru Harare

0772139153 0777273919 0776755825 0772163344 0776755826 0772194688 0772194686 0782711711 0733056591 0782762962 0782709903 0772139157

Hwange Kadoma Karoi Kwekwe Marondera Masvingo Mt Darwin Murehwa Mutare Mvurwi Rusape Zvishavane

0782768237 0776755822 0776755823 0782703620 0776755819 0772194687 0776755827 0772156458 0772145001 0772163345 0776755824 0782784320

BRIT DI380342-YF29

mple it’s that si

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BH24 VACANCY NOTICE

GENDER ECONOMIC EMPOWERMENT SPECIALIST JOB SUMMARY The Gender Economic Empowerment Specialist will provide oversight and technical input into the design and implementation of gender mainstreaming and women's economic empowerment activities. This position will contribute to the project's strategic vision, especially as it relates to developing a gender mainstreaming and women's economic empowerment strategy at project, partner and beneficiary levels. S/he will support the design of Z:Wtraining, capacity building, and other activities linked to the gender development agenda and best practices in Zimbabwe, the region and globally.

SUPERVISOR This position will report directly to the Country Director based in Harare, Zimbabwe.

REQUIRED EXPERIENCE & QUALIFICATIONS Master's degree in Social or Development studies, GenderDevelopment or a closely related field.  Minimum 8 years' experience managing and providing technical support to donor-funded gender and/orwomen economic empowerment  programs in Zimbabwe or the region.

Experience successfully working with the public and private sectors, and/or civil society, local government and donors in supporting gender  And women's economic empowerment projects.

Strong interpersonal communication, presentation, and analytical skills  Excellent time management, planning, multi-tasking, organizational, and communications skills. Ability to identify and establish priorities and  meet tight deadlines. Flexibility and ability to work effectively under pressure.

Solid "troubleshooting" skills and sound judgment in dealing with projectpartners experiencing implementation challenges.  Strong computer skills in MS Word, Excel and PowerPoint.  Ability to travel up to 50% of time within Zimbabwe. 

CAL-DI380330-D27

JOB RESPONSIBILITIES  Provide gender-specific technical input into the design and implementation of Z:Wwomen's economic empowerment activitiesfor gender mainstreaming.  Design and implement strategies toaddress barriers and constraints faced by young women seeking equal access to economic opportunities through Z:W project interventions (entrepreneurship, financial inclusion, employability, and vocational technical skills).  Carry out gender assessments - in partnership with Z:W M&E staff and as part of partner organizational capacity assessments, and support design/implementation of subsequent plans to better mainstream gender into the project.

Review monitoring and evaluation data and reporting, track program performance, and identify best practices related to gender mainstreaming  and women's economic empowerment.

Provide gender-specific technical support and training services to local partners for mainstreaming economic empowerment, in  cordinationwith relevant stakeholders (e.g., UN, NGO, private sector, government entities).

Provide regular updates on implementation progress and contributions to donor reports, which may include conducting research and  Generatingother technical reports as required.

Identify Z:W implementation challenges and provide timely solutions. 

Applications should be sent to the Senior Finance, Admin & Operations Manager on email: FOrecruit2016@gmail.com indicating the position applied for in the subject line. Closing date for applications is 30th April 2016.

16

zse tables

Stock Exchange

ZSE Movers

CHANGE

Delta

6.63

Proplastics

6.38

Edgars

Today Price USc

SHAKERS

Change

63.98 ZPI

TODAY Price USc

-8.42

2.50

6.00

5.30

Simbisa

5.17

13.20

Innscor

4.73

21.00

OK Zim

1.99

4.10

FBCH

1.51

6.70

Previous

Indices Index

Industrial Mining

today

0.87

Previous

Today

Move

Change

99.63

101.86

+2.23 points

+2.24%

20.16

20.16

+0.00 points

+0.00%

17

BH24 SPECIFIC PROCUREMENT NOTICE Invitation for Bids Urgent Water Supply and Sanitation Rehabilitation Project Phase II Supply of Sewer Cleaning Vehicles and Equipment ICB Reference: UWSSRPII/006 Revised

1.

2.

This invitation for Bids follows the General Procurement Notice for this project that appeared in the United Nations Development Business online (UNDB th online) No. AfDB496-07/14 of 24 July 2014 and on theAfrican Development Bank's Internet Website (www.afdb.org) on 30th July 2014.

The Ministry of Finance and Economic Development, Government of the Republic of Zimbabwe has received a grant from the Zimbabwe Multi-Donor Trust Fund (Zim-Fund) administered by the African Development Bank (the Bank) to finance the Urgent Water Supply and Sanitation Rehabilitation Project Phase II (UWSSRPII). The Ministry of Finance and Economic Development, Government of the Republic of Zimbabwe intends toapply part of the proceeds of this grant to fund: Contract Ref. UWSSRPII/006 Revised.Supply of Sewer Cleaning Vehicles and Equipment.

3.

The Ministry of Finance and Economic Developmenthas appointed Crown Agents Limited (Crown Agents) to act as its Procurement Agent. Crown Agents now invites sealed bids from eligible bidders for the supply of goods and related services comprising: Item 1 2 3 4 5 6 7 8 9 10

4.

Description Sewer Cleaning Vehicle Operations Vehicle - 1 tonne Operations Vehicle - 3 tonne Utility Tractor Utility Trailer Slasher Machine Rotor Worm Machine Ventilator Machine Drain Cleaning Winch Training

Quantity 2 2 2 2 2 2 4 4 4

Po stq u a l i f i c at i o n w i l l b e c o n d u c te d t h ro u g h t h e p ro c e d u re s specified in the Bank's Rules and Procedures for Procurement of Goods and Works (May 2008 Edition, revised July 2012) and is open to all bidders from eligible firms and voluntarily formed joint ventures from all countries, as defined in the aforementioned Rules and Procedures and the Operations Manual of the Zim-Fund.

5.

6.

7.

8.

A complete set of the Bidding Documents in English may be obtained by interested Bidders through the submission of a written application (with the full n a m e a n d a d d re s s o f t h e a p p l i ca nt ) to t h e e m a i l a d d re s s : zimfundpa@crownagents.co.uk . No fee is due. The bidding documents will only be available electronically.

The provisions in the Instructions to Bidders and in the General Conditions of Contract are the provisions of the African Development Bank Standard Bidding Document: Procurement of Goods or Procurement of Works, and the Operations Manual of the Zim-Fund. Bidding shall be by International Competitive Bidding.

Bids must be submitted to the address at 9 below on or before1300 hours, British Summer Time on 2 June 2016, and must be accompanied by a security of USD15,000 (fifteen thousand United States Dollars). Bids sent electronically will not be accepted.

Bids will be opened in the presence of bidders' representatives who choose to attend at 14:00 hours British Summer Time on 2 June 2016 at the address at 9 below. The bid opening will be transmitted live to the offices of the Zim-Fund at the following address: AfDB Zimbabwe Multi-Donor Trust Fund th 5 Floor Joina City Cnr. J. Moyo Ave/J. Nyerere Way Harare, Zimbabwe

Bidders may attend either location for the public opening.

Note that 14:00 hours BST is 15:00 hours Zimbabwe time.

Bids must be clearly marked “Bid for Contract Ref: UWSSRPII/006 Revised, Sewer Cleaning Vehicles and Equipment.� And delivered to: SCS Tender Box Crown Agents Limited St Nicholas House Sutton Surrey SM1 1EL United Kingdom Telephone (for Courier purposes only): Tel: +44 20 8643 3311 9.

NOM-DI380251-X26

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BH24

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DIARY OF EVENTS

THE BH24 DIARY • 26th April 2016 - BAT AGM; Place: British American Tobacco Zimbabwe Offices, 1 Manchester Road, Southerton, Harare; Time: 10.00 hours...

• 29 April - CBZ AGM; Place: Stewart Room. Meikles Premier Hotel, Harare; Time: 15:00pm • 18 May

-

ZB Building Society AGM; Place: 21 Natal Road, Avondale, Harare; Time: 12:00hrs

• 19 May - The Fifth Annual General Meeting of Padenga Holdings Limited; Place: Royal Harare Golf Club, 5th Street extension, Harare; Time: 08.15am • 19 May -

NMBZ AGM; Place: Unity Court, Corner 1st Street Kwame Nkrumah Avenue; Time: 10:00am

• 19 May -

Turnall Holdings AGM; Place: Jacaranda Room, Rainbow Towers; Time: 12:00

• 05 May - Barclays Bank of Zimbabwe AGM; Place: Meikles Mirabelle Room; Time: 1500hrs

The black arrow indicate level of load shedding across the country.

POWER GENERATION STATS Gen Station

Energy

25 April 2016

(Megawatts)

Hwange

509 MW

Kariba

459 MW

Harare

30 MW

Munyati

18 MW

Bulawayo

22 MW

Imports

Total

0 - 400 MW 1494 MW

20

Local/regioNAL News

Atlas Mara says it is considering bid for Barclays' Africa unit

Sugarcane harvesting to begin next month HARARE- The Commercial Sugarcane Producers Association of Zimbabwe (CSPAZ) says harvesting of the 2015/16 crop will begin next month, following delays caused by increased rainfall between March and April.

Sugarcane, whose harvesting usually begins in April, is grown commercially mostly in areas south East of Zimbabwe, particularly in Chisumbanje and Chiredzi.

CSPAZ secretary general Roy Bhila said harvesting would continue until November this year.

“We will start harvesting sugarcane on May 20 this year and the process will be on until November,” he said.

“We are starting a little bit late than last year because of the heavy rains received in March. We need to allow the sugarcane to go through a process known as dry off so that we can burn it before harvesting starts. The rains received in March could not allow this and that is why

harvesting had to be pushed forward.”

Mr Bhila added; “The prolonged strike at Tongaat Hullets also contributed to the delay in harvesting, as the mills were not serviced in time as workers embarked on a strike which lasted for months.”

He said the late rains received had boosted the expected yield and expectations were high that CSPAZ members had a better crop than last year.

“In terms of yield, the actual crop assessment is currently underway but indications are that the yield will be bet-

ter than last year especially with the heavy rains that pounded in March,” he said.

Last year the small scale farmers produced about 679 000 tons of raw sugar. In terms of sugar supply on the local market, Mr Bhila said adequate raw sugar would be available for processing.

Sugar is Zimbabwe’s second largest foreign currency earner in agriculture after tobacco. Part of the raw sugar produced in the country is processed locally at Tongaat Hullets in Chiredzi and Gold Star Sugars in the capital while the remainder is exported to the European Union.- New Ziana

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Atlas Mara, the African investment vehicle of former Barclays boss Bob Diamond, said on Tuesday it had held discussions with investors with a view to making a bid for Barclays African business.

Atlas said its board supported exploration of a possible acquisition, "given the expected positive impact on accelerating the company's strategy to build sub-Saharan Africa's premier financial institution," it said in a statement, in response to media speculation about its interest in the business.

Atlas said that there was no certainty that a transaction would be completed but if its discussions with fellow investors resulted in more substantive negotiations with Barclays, Diamond and co-founder Ashish J. Thakkar will recuse themselves from such discussions. Earlier this year, Barclays said it would sell down its 62 percent stake in Barclays Africa Group to focus on other divisions Reuters

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21

internatioNAL News

Oil rises as new cash floods into market "The biggest bear risk to the oil market right now is that Iran’s ramp-up accelerates and then that Saudi Arabia does the same," Citi said.

SINGAPORE — Crude oil futures rose on Tuesday, pushed up by a weaker dollar and a flood of new cash into the market, but analysts warned that fundamentals remain weak as a producer race for customers heats up in the Middle East.

"If anyone had a doubt about Saudi Aramco’s ability to use its logistical system and spot sales to increase market share, its recent 730 000 barrel sale of a cargo to a Chinese teapot refiner in Shandong should lay any doubts to rest," it added.

Front-month Brent crude futures were trading at $44,91 a barrel at 1.29am GMT, up 43c, or about 1 percent, from their last settlement.

US crude futures were also up around half a dollar and 1 percent at $43,10.

Futures traders said prices had been lifted by a weaker dollar overnight, which potentially spurs demand from fuel importers using other currencies than the greenback, in which crude is traded.

A rush of new investment into crude futures was also pushing up prices as speculators raised their holdings of Brent futures to a record high.

"The global market is already

close to balance, (and) we expect the market will try to test higher in coming months," Standard Chartered bank said, adding that falling output outside the Organisation of the Petroleum Exporting Countries (Opec) would result in a rebalancing of oil markets soon.

Yet other analysts warned of more supply as Saudi Arabia and Iran seemingly ramp up output in a race for customers, further flooding the market with excess supplies.

"Saudi Arabia announced that it will complete an expansion of its Shaybah oilfield by June, pushing capacity to 12-million barrels a day. Iran oil production has now increased by 1-million barrels a day since the beginning of the year, while Kuwait is expecting output to reach 3.15-million barrels a day by June after the end of a workers strike," ANZ bank said.

Iran wants to get back to pre-sanction production of 4-million barrels a day.

The cargo would be lifted in June from Aramco’s storage in Japan’s Okinawa prefecture and shipped to China’s eastern province of Shandong, Reuters reported on Monday.

Citi said it was likely that Saudi Arabia was targeting a 500 000 barrels a day in sales to bring its production up to 11-million barrels a day or higher.

Traders said that a looming petrol glut in Asia also threatened the recent rise in prices as refiners flooded the market with unwanted products.-Reuters

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22

analysis analysis

Has Mozambique already squandered its natural gas bonanza?

By Simon Allison Mozambique has spent much of the last decade borrowing against its future. The debts are now coming due, but the natural gas that was supposed to pay for the multibillion dollar loans is yet to come online. Has the country, through its dodgy tuna bonds, over-extended itself ?

By SIMON ALLISON. In the eyes of foreign investors, and its own politicians, Mozambique stopped being a poor country sometime in the late 2000s – even though little had changed for the bulk of its poverty-stricken citizens.

It was around then that word of a massive offshore gas deposit began to spread, and in 2011 it became official: Mozambique was sitting on a natural gas bonanza that could radically transform the lives of its population.

It didn’t matter that it would take close to a decade to

set up the infrastructure to exploit the deposit. Mozambique could start making money instantly.

By using its newfound natural resources as implied collateral, Mozambique started taking on massive, multibillion dollar loans from investors who were suddenly eager to speculate – espe-

cially with the generous returns on offer. The money taps opened, and foreign currency sloshed into the country.

as the government takes on more and more debt. As of earlier this year, Mozambique owed the equivalent of 58,3 percent of its GDP in debt.

A graph of Mozambique’s debt-to-GDP ratio over the last 10 years tells the story.

Flatlining since 2005 at an average of about 22 percent, in 2008 it angles up sharply

This doesn’t have to be a bad thing. Some of the most prosperous countries in the world are heavily indebted (for example, the United States’ debt-to-GDP ratio is

23 73,6 percent; South Africa’s is 45,4 percent).

If debt is used wisely, to fund government services and infrastructure and to kickstart a struggling economy, then a large debt burden can be a sound policy option.

This, then, is a question for Mozambique: have these borrowed billions been used wisely? And can they really be repaid?

The scandal surrounding the so-called “tuna bond” suggests not. In 2013, Mozambique secured about $850-million from foreign investors to help turn around the struggling tuna industry, even though the revenue forecasts were wildly optimistic. If this sounds fishy – well, it is.

“The deal immediately raised eyebrows, with donors asking questions about why a country with significant development challenges would

analysis analysis

raise its debt profile to this extent just for fishing boats.

The critics of the deal were proved right when it later emerged that most of the money was, in fact, spent on security,” explained Dianna Games in Business Day.

This has forced the International Monetary Fund to intervene, at the government’s request, and led to a downgrade from ratings agencies. Suddenly, Mozambique isn’t looking quite so attractive to investors.

With natural gas still several years away from generating income, Mozambique is struggling to repay the money, and Mozambique has been forced to renegotiate with its debtors, striking a deal that will give it longer to pay, but at even better returns for investors. In the end, the taxpayer loses – and the tuna industry is still in the doldrums. The money that must be repaid has already been frittered away on navy boats to keep the generals happy.

It doesn’t help that in the years since the discovery of natural gas in Mozambique, the price of the commodity has dropped dramatically, and new players – such as Iran – are getting involved in the market.

Compounding Mozambique’s cash flow crisis is a swiftly depreciating currency, which makes all its debts even more expensive to service, and low prices on coal, its other major export.

In 2011, Mozambique thought it had won the lottery; unfortunately, the winnings are going to be a lot smaller than anticipated, making it even harder to pay off all those loans.

“Industry observers say the start date of 2020 for exports, which has already been delayed from a 2018 start, may be pushed out further due to the decline in commodity prices and demand,” said Games.

And then, this week, another bombshell: after media reports exposed the cover-up, the government confirmed that it had been hiding even more debt, to the tune of $1,35-billion.

Like a shopping addict hoarding credit cards, Mozambique has been borrowing money in secret. Mozambique’s discovery of natural gas was meant to usher in a new era of prosperity for the country.

And while GDP growth has been impressive over the last few years, it has been fuelled by a massive amount of borrowed money – not all which has been spent wisely.

The dodgy tuna bond, and the hidden debt, suggests a government living well above its means, treating loans like free money. But money is never free, and it is ordinary Mozambicans who will ultimately pay the price.-The Daily Maverick

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