Zimbabwe women signs a R13 million energy deal

Zimbabwe women signs a R13 million energy deal
Published: 13 June 2018 (851 Views)
A South African based women's investment Initiative Black Women in Business Forum (BWBF) has agreed to sign an investment deal with Zimbabwe's Leading Business Women's Association (LBWA). The investment deal is set to unlock funding for various entities owned and by women in Zimbabwe.

Addressing a press conference at Sandton Convention Centre on Monday, 11 June, BWBF spokesperson, Lerato Matsatsi revealed that they have already concluded the first stage towards the signing of the R13 million fuel deal with their Zimbabwean counterparts.

"South African business women share an umbilical cord with our Zimbabwean sisters. We have taken advantage of the new dispensation in Zimbabwe to invest there through the Leading Business Women's Association. We are starting with a partnership that will see us investing R13 million into a fuel deal with LBWA through a special purpose vehicle yet to be established. This is a 100% women owned fuel company." said Lerato

Contacted for comment the president of LBWA, Sakhile Dewa said, "An MOU is scheduled to be signed towards the end of this month. Unfortunately I'm not at liberty to disclose much owing to our Non Disclosure Agreement, save to say that this is a great initiative for women's empowerment and gender mainstreaming. We hope to broker more such deals in different sectors of our economy in order to ensure broader participation by women from all walks of life. We applaud the stance taken by our sisters in South6 Africa and look forward to a fruitful long-standing relationship with them."

Black Women in Business Forum recently received R35 million from the National Empowerment Fund for projects in Zimbabwe.


- Sandton24

Tags: BWBF, LBWA, MOU,
 0

You May Like These Videos

Comments

There are no comments.

Latest stories

Mwonzora's law firm fails to pay rent

by Staff reporter | 26 June 2019 | 51 Views

It will be easier for Zimbabweans to emigrate to the UK

by Staff reporter | 26 June 2019 | 59 Views

MDC statement on victims of torture

by MDC Youth Assembly | 26 June 2019 | 63 Views

Zimbabwe could be plunged into total darkness

by Staff Reporter | 26 June 2019 | 88 Views

Mthuli Ncube mops up $190m local liquidity to support Zimdollar

by Staff reporter | 26 June 2019 | 99 Views

Welshman Ncube's brother appointed Supreme Court judge

by Mandla Ndlovu | 26 June 2019 | 89 Views

Forex withdrawals still permissible

by Staff reporter | 26 June 2019 | 66 Views

Zanu-PF unveils Nkayi south bye-election candidate

by Staff reporter | 26 June 2019 | 60 Views

Mnangagwa backs youths

by Staff Reporter | 26 June 2019 | 65 Views

Zimbabwe Warriors held

by BBC | 26 June 2019 | 53 Views

MP demands Mnangagwa appears before Parliament

by Staff reporter | 26 June 2019 | 52 Views

Zimbabwe's new currency on the way

by newzimbabwe | 26 June 2019 | 62 Views

Some road construction companies short-changed us

by Thomas Murisa. | 26 June 2019 | 58 Views

LIVE: Tendai Biti responds to Mthuli Ncube

by Mandla Ndlovu | 26 June 2019 | 56 Views

Stop the stigmatization, vitiligo is not a disease

by Thomas Murisa | 26 June 2019 | 51 Views

'Zimbabwe reaches a point of no return'

by Mandla Ndlovu | 26 June 2019 | 88 Views

Socio-economic Implications of banning the US Dollar

by ZIMCODD | 26 June 2019 | 99 Views

Zimbabwe now back to normalcy, says Mnangagwa

by Staff reporter | 26 June 2019 | 90 Views

Mthuli Ncube's currency move triggers chaos

by Staff reporter | 26 June 2019 | 115 Views

MDC to ramp up pressure on Mnangagwa

by Staff reporter | 26 June 2019 | 96 Views

Explosive Zanu-PF politburo meeting

by Staff reporter | 26 June 2019 | 109 Views

Jonathan Moyo begs Chiwenga for out of court settlement

by Staff reporter | 26 June 2019 | 84 Views

Domestic worker axes employers

by Staff reporter | 26 June 2019 | 65 Views

ZANU PF Youth leader speaks out

by Mandla Ndlovu | 26 June 2019 | 71 Views

'Chiwenga inspires African armies to commit coup'

by Mandla Ndlovu | 26 June 2019 | 105 Views

DEMOCRACY - A Citizen's Responsibility

by Agencies | 26 June 2019 | 95 Views

New twist to ZANU PF Youth corruption list

by Mandla Ndlovu | 26 June 2019 | 154 Views

Health consultation fee shoots up to ZW$1 800

by Mandla Ndlovu | 26 June 2019 | 107 Views

RBZ dismisses false reports on foreign currency

by Mandla Ndlovu | 26 June 2019 | 118 Views

David Coltart speaks on dialogue with Mnangagwa

by Mandla Ndlovu | 26 June 2019 | 141 Views

BREAKING: RBZ boss sues Zanu-PF

by Staff Reporter | 26 June 2019 | 122 Views

PHOTOS: Chinese nationals detain Temba Mliswa

by Mandla Ndlovu | 26 June 2019 | 117 Views

Zinara finance director arrested

by Staff reporter | 26 June 2019 | 169 Views

Zimbabwean exporters to continue getting US$

by Staff reporter | 26 June 2019 | 131 Views

Zimsec exam ID scam unearthed

by Staff reporter | 26 June 2019 | 137 Views

Obert Mpofu exposes 'lying' chief

by Staff reporter | 26 June 2019 | 197 Views

Mnangagwa claims that 'Country has returned to normalcy'

by Staff reporter | 26 June 2019 | 146 Views