Zimbabwe women signs a R13 million energy deal

Zimbabwe women signs a R13 million energy deal
Published: 13 June 2018 (485 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

BREAKING: Chamisa vs Mnangagwa to be broadcast live on ZBCtv

by Staff reporter | 18 August 2018 | 113 Views

Is it about us or themselves?

by Thomas Murisa | 18 August 2018 | 97 Views

'Zimbabwe polls were meant to start new era'

by Staff reporter | 18 August 2018 | 131 Views

Police 'cooked up documents used to drag Biti from Zambia

by Staff reporter | 18 August 2018 | 134 Views

'Punish Zimbabwe's rogue soldiers'

by Staff reporter | 18 August 2018 | 111 Views

Tshinga Dube won't let go

by Staff reporter | 18 August 2018 | 135 Views

Electoral outcome predetermined

by Maxwell Sibanda | 18 August 2018 | 102 Views

General Valerio Sibanda issued statement under duress, says Mutsekwa

by Staff reporter | 18 August 2018 | 114 Views

Grace Mugabe enjoying life

by Staff reporter | 18 August 2018 | 107 Views

Mnangagwa splashes over $1 million on new limo

by Staff reporter | 18 August 2018 | 95 Views

Chivayo, Kadungure in trouble

by Staff reporter | 18 August 2018 | 87 Views

'Biti acted illegally'

by Staff reporter | 18 August 2018 | 92 Views

'Poop at my doorstep'

by Staff reporter | 18 August 2018 | 91 Views

Church leader wanted sex

by Staff reporter | 18 August 2018 | 103 Views

Mliswa under attack for visiting Johane Masowe shrine

by Simbarashe Sithole | 18 August 2018 | 117 Views

Kofi Annan dies

by Staff reporter | 18 August 2018 | 91 Views

Exposed Chief's wife goes berserk threatening all and sundry!

by Concerned Murowa Ward Community | 18 August 2018 | 178 Views

'Senzeni na' guitarist dies

by Stephen Jakes | 18 August 2018 | 123 Views

Chiwenga's trip to Russia suspicious

by Stephen Jakes | 18 August 2018 | 203 Views

Nkayi youths train on active citizenship

by Stephen Jakes | 18 August 2018 | 90 Views

Inside Chamisa's Campaign

by Sam Wezhira | 18 August 2018 | 189 Views

Nkomo pledges to donate to Gwampa ECD

by Stephen Jakes | 18 August 2018 | 73 Views

Chief Justice gives Chamisa deadline

by Staff Reporter | 18 August 2018 | 117 Views

Grace Mugabe 'fake' degree gets UZ vice-chancellor suspended

by Staff Reporter | 18 August 2018 | 86 Views

Zimbabwe police warns against illegal gatherings

by Staff Reporter | 18 August 2018 | 88 Views

Chamisa is not a factor in parliament, which is good

by Igomombe | 18 August 2018 | 109 Views

'Con-Court must be free to decide,' says Chiwenga

by Staff reporter | 18 August 2018 | 79 Views

Chamisa in dilemma

by Staff reporter | 18 August 2018 | 131 Views

Prophet blew cover on $1m gold theft

by Staff reporter | 18 August 2018 | 84 Views

'Proving poll rigging allegations an uphill task'

by Staff reporter | 18 August 2018 | 65 Views

Man in 'fiery revenge'

by Staff reporter | 18 August 2018 | 75 Views

Trapped artisanal miner dies after five days in mine

by Staff reporter | 18 August 2018 | 64 Views

WATCH: Donel Mangena back in Bulawayo

by Staff reporter | 18 August 2018 | 65 Views

High court reverses AFM church evictions

by Staff reporter | 18 August 2018 | 67 Views