馃嚳馃嚰ZimbabweSouthern Africa
Stanbic Bank pledges US$30,000 for Victoria Falls clean-up initiatives
via NewsDay Zimbabwe6 min read
Stanbic Bank Zimbabwe has partnered with the Pristine Victoria Falls Society PVFS, pledging US$30,000 over three years to support conservation and cleanliness initiatives in Victoria Falls. The agreement will provide PVFS with US$10,000 annually from 2026 to 2028, enabling the organization to advance its goal of making Victoria Falls the cleanest city in Africa. PVFS, established in October 2021, focuses on sustainable waste management, green destination practices, and public health improvements in local communities. Stanbic Bank's marketing specialist for client segments, Tendai Rafemoyo, stated that their support reflects the bank's belief in sustainable development and community well-being, aiming to strengthen tourism, businesses, and communities. PVFS campaign manager, Douglas Musiringofa, emphasized the responsibility to protect Victoria Falls for future generations. The funding will help PVFS scale up awareness campaigns, community-driven cleanliness projects, and environmentally responsible tourism practices. PVFS will provide quarterly progress reports to ensure transparency and accountability in fund utilization. This partnership seeks to enhance visitor experiences, boost business confidence, and attract environmentally conscious investors, positioning Victoria Falls as a model eco-tourism destination.
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Three major shareholders in Dairibord Holdings Limited, Equivest Asset Management Pvt Ltd, Mega Market Pvt Ltd, and Mutare Mart & Exchange Pvt Ltd, are reportedly in negotiations to sell their combined 51% stake in the company. Dairibord, Zimbabwe's largest dairy and beverages group, issued a cautionary statement advising shareholders and the public to exercise caution when trading its stock, as a successful transaction could significantly impact the share price. The statement did not disclose the identity of the prospective buyer, the proposed purchase price, or whether the negotiations are exclusive. This development follows Dairibord's recent announcement of its intention to delist from the Zimbabwe Stock Exchange and subsequently list on the US dollar-denominated Victoria Falls Stock Exchange VFEX. It remains unclear if these two transactions are linked. Dairibord reported a 12-month revenue of US$137 million as of December 31, 2025, with profit margins at 1.4%, a decrease from 4.2% in the previous year.
Must ReadThe Zimbabwean government has initiated a multi-agency emergency response to assist thousands of its citizens returning from South Africa due to anti-migrant protests and xenophobic violence. Bulawayo Provincial Affairs and Devolution Minister Judith Ncube stated that reception centers have been established to provide civil registration, healthcare, and other essential services. Officials from various government departments are deployed at locations like the United Congregational Church of Southern Africa鈥檚 Njube Assembly in Bulawayo to support the returnees. Many arriving citizens lack identity documents or personal belongings, prompting the Civil Registry Department to fast-track the processing of national identity cards and birth certificates. Health workers, local government officials, and other state agencies are also offering medical assessments and psychosocial support. Despite potential pressure on local resources, Ncube affirmed the government's commitment to assisting all returning citizens. Civic organizations in Bulawayo have urged authorities to supplement the emergency response with long-term reintegration programs, including employment support, skills development, and social protection measures.
ZESA has allocated 150 megawatts of power specifically for winter wheat farming. This initiative aims to support agricultural productivity during the winter season. The announcement comes amidst other economic and social developments in Zimbabwe, including a recruitment drive by Econet AI for over 100 engineers, rising confidence in the ZMX market with trades reaching US$1.28 million, and the commissioning of a specialized honey testing laboratory to enhance export competitiveness.