🇿🇼ZimbabweSouthern Africa
Stanbic invests US$100,000 in reforestation and land restoration project
via NewsDay Zimbabwe6 min read
Stanbic Bank Zimbabwe has committed US$100,000 to an afforestation and land restoration program in partnership with My Trees Trust. This initiative aims to plant 40,000 indigenous trees in Hurungwe district over the next three years, supporting 40 smallholder farmers. The project, part of the Standard Bank Group's Blue Roots Initiative, seeks to plant one million trees across Africa. Patson Mahatchi, Stanbic head of business and commercial banking, stated the program strengthens environmental sustainability and Zimbabwe's agricultural economy. Neeta Joshi, Stanbic head of legal and governance, highlighted the project's contribution to ecosystem restoration, water conservation, biodiversity protection, climate resilience, and carbon sequestration. The program includes a 36-month monitoring period and aims to reverse land degradation, restore soil health, and promote sustainable agricultural practices. Rory Pilossof, My Trees Trust country director, noted the potential for carbon credit generation to provide additional income streams for rural communities, combining environmental restoration with community empowerment and sustainable income opportunities.
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This summary was AI-generated from a story originally published by NewsDay Zimbabwe.
The Zimbabwe Miners Federation ZMF has announced a significant victory for its members with the implementation of a policy banning foreign miners. Rushwaya, representing the ZMF, stated that this policy signifies responsible and equitable resource governance within the country. This development comes amidst various other national discussions, including proposed new grain levies to combat climate and food security risks, a deepening referendum row as CAB 3 heads to Parliament, and political tensions leading to violent attacks and forced evictions at grasslands plots. Additionally, Stanbic has invested US$100,000 in a reforestation and land restoration project, and a Catholic teachers’ college project is gaining momentum in Karoi.
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Must ReadThe Zimbabwe Miners Federation ZMF has announced a significant victory for its members with the implementation of a policy banning foreign miners. ZMF President Henrietta Rushwaya stated that this policy represents responsible and equitable resource governance. In other news, Stanbic Bank has invested US$100,000 in a reforestation and land restoration project. Meanwhile, ART Corporation reported a decline in export and paper division volumes by 6% and 26% respectively, in its third-quarter financial update to June 2022, attributing this to power outages and raw material shortages. Additionally, a new grain levy has been proposed as Zimbabwe addresses climate and food security risks, and 300,000 Zimbabwean farmers are expected to benefit from chilli production initiatives.
Ruvimbo Tafadzwa Njomboro, a beauty queen from Hwange, is leveraging her platform to advocate for youth empowerment. She represented Zimbabwe at Miss Cosmo 2024, placing in the top 10, an achievement she views as validation for herself and an inspiration for young girls from marginalized communities. Njomboro believes her upbringing in Hwange instilled in her the importance of hard work and perseverance. She sees pageantry as a means for purpose, advocacy, and empowerment, extending beyond physical appearance to embody confidence, intelligence, and compassion. Through the Ruvimbo Njomboro Foundation, she focuses on community upliftment by empowering children and young people through education, mentorship, and skills development. A computational economics student, event host, and brand consultant, Njomboro balances her academic pursuits with philanthropy and media engagements. She aims to expand her foundation's reach across Zimbabwe and beyond, encouraging young girls that their background should not limit their dreams. Her long-term ambition includes competing for Miss Universe Zimbabwe.