Zimbabwe women signs a R13 million energy deal

Zimbabwe women signs a R13 million energy deal
Published: 13 June 2018 (736 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

PHOTO: Mugabe's latest picture goes viral

by Mandla Ndlovu | 18 February 2019 | 21 Views

Mnangagwa dumps Chiwenga's security

by Mandla Ndlovu | 18 February 2019 | 19 Views

BREAKING: Mnangagwa retires 4 top army Generals

by Mandla Ndlovu | 18 February 2019 | 16 Views

MDC Youths speak on Chamisa Presidency

by Mandla Ndlovu | 18 February 2019 | 56 Views

BREAKING: Tendai Biti found guilty

by Mandla Ndlovu | 18 February 2019 | 75 Views

WATCH: Chinotimba perfoms ritual at a Dubai river

by Mandla Ndlovu | 18 February 2019 | 48 Views

Christianity to be labelled mental illness

by Mandla Ndlovu | 18 February 2019 | 83 Views

Gloves off for merchants of violence and jecha peddlers

by Staff reporter | 18 February 2019 | 57 Views

Zimbabwe's January inflation hits 10,75%

by Staff reporter | 18 February 2019 | 49 Views

Guvamombe trial set for February 28

by Staffg reporter | 18 February 2019 | 45 Views

Hodzi appointment gazetted

by Staff reporter | 18 February 2019 | 47 Views

'Zinara toll fees remain unchanged'

by Staff reporter | 18 February 2019 | 40 Views

Prison officer remanded over shutdown protests

by Staff reporter | 18 February 2019 | 46 Views

Ariel Sibanda for Bosso captaincy

by Staff reporter | 18 February 2019 | 44 Views

Zimbabwean anarchists must be afraid, very afraid

by Editorial - Zimpapers: | 18 February 2019 | 44 Views

Zimbabwe fuel marking will deter smuggling

by Staff reporter | 18 February 2019 | 49 Views

Mnangagwa touched by Battlefields tragedy

by Staff reporter | 18 February 2019 | 53 Views

Mungoshi burial set for tomorrow in Chivhu

by Staff reporter | 18 February 2019 | 53 Views

Mnangagwa underscores free education

by Staff reporter | 18 February 2019 | 49 Views

Minister blasts poor workmanship on roads

by Staff reporter | 18 February 2019 | 39 Views

Zimbabweans must work harder to bust sanctions

by Staff reporter | 18 February 2019 | 40 Views

Jabu features in nasty indecent tape

by Staff reporter | 18 February 2019 | 48 Views

Protests cases flood Bulawayo courts

by Staff reporter | 18 February 2019 | 40 Views

Mnangagwa to name Harare Minister this week

by Staff reporter | 18 February 2019 | 42 Views

CBZ garnishes all Dembare's financial sources?

by Staff reporter | 18 February 2019 | 34 Views

Mnangagwa extends Land Commission's tenure

by Staff reporter | 18 February 2019 | 34 Views

Zimbabwe GNU talks dismissed

by Staff reporter | 18 February 2019 | 33 Views

Masvingo humbled by turnout at Mnangagwa's rally

by Staff reporter | 18 February 2019 | 25 Views

Bosso, Caps United supporters clash

by Staff reporter | 18 February 2019 | 19 Views

Parliament meets over Temba Mliswa bribe

by Staff reporter | 18 February 2019 | 20 Views

Farm evictions loom in Midlands

by Staff reporter | 18 February 2019 | 21 Views

Mnangagwa hails Education Amendment Bill

by Staff reporter | 18 February 2019 | 20 Views

Mohadi clears air on Nuanetsi Ranch ownership

by Staff reportert | 18 February 2019 | 26 Views

Bogus lawyer arrested for fraud

by Staff reporter | 18 February 2019 | 23 Views

4 armed robbers in army uniform arrested

by Staff reporter | 18 February 2019 | 25 Views

MDC Alliance threaten to unleash more protests

by Staff reporter | 18 February 2019 | 20 Views

Mnangagwa's govt unfazed by EU sanctions threat

by Staff reporter | 18 February 2019 | 21 Views