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DBA launches for the 9th year with the most diverse cohort taking part in its world class management training programme – ZAWYA

Dubai, UAE: Dubai Business Associates (DBA), a prestigious graduate management programme, has ushered in its ninth cohort, consisting of 28 Associates representing 20 diverse countries. This marks the commencement of their transformative nine-month journey into the realm of corporate consultancy.

Operated under the patronage of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, the programme is welcoming graduates from around the world, including Austria, Colombia, Kazakhstan, and Zimbabwe.

The fully funded programme provides exceptional and ambitious graduates with an unparalleled experiential and project-based learning opportunity. They not only study and engage in business in Dubai, a dynamic and multicultural hub for global trade and commerce, but also cultivate themselves as future global leaders.

The selection process stands as one of the most competitive in its category, with over 12,500 applications received, resulting in an acceptance rate of a mere 0.22%.

His Excellency Mohammed Ibrahim Al Shaibani, Director General of The Ruler’s Court, Government of Dubai, expressed his support and aspirations for this year’s selected Associates:

“Now in its ninth year, I continue to be impressed by how the Dubai Business Associates Programme has thrived and become the premier programme of its kind globally. The thousands of applications received this year bear testimony to Dubai’s status as a primary hub for attracting talent from around the world. Securing a coveted spot as an Associate is a remarkable achievement for all our successful applicants. In the coming year, they will gain practical experience at leading Dubai companies and organizations, complemented by top-tier theoretical training. I look forward to witnessing how this year’s cohort will flourish and develop their world-class business skills here in Dubai and what they will produce with their new found skills and experience.”

The programme, delivered in collaboration with PwC’s Academy Middle East, Bon Education, and CAPDEV, draws upon a wide array of skills to provide training in strategy, business, and leadership, enabling Associates to thrive in the global business and strategy landscape.

Ben McGregor, Investment Director at ICD Brookfield Management Limited, commented:

“ICD Brookfield has had the privilege of hosting the DBA Opening Ceremony for several years now, recognizing it as a world-class programme for all its talented Associates. We are eagerly anticipating hosting Associates with us. DBA has an extraordinary ability to attract the very best candidates from every corner of the globe, offering them an incredible opportunity to launch their professional careers in Dubai. I am pleased to see its reputation continue to grow as a highly sought-after programme with the most stringent entry standards.”

Throughout the programme, Associates engage with modules on MENA-specific business skills and advanced consulting. They are guided by a series of masterclasses conducted by industry leaders and benefit from personalized career and life coaching.

After initially learning the fundamentals of consulting, Associates embark on a twelve-week placement with highly esteemed partner organizations. Previous placements have included Digital Dubai Authority, Emirates Group, the Dubai International Financial Centre (DIFC), and the Emirates Literature Foundation.

Associates are provided the opportunity to showcase their skills during a final presentation where they deliver a consulting project addressing a real-life business challenge to the senior leadership teams at their respective placements.

DBA Alumni have successfully ventured into leading organizations such as JP Morgan, Dubai Department of Economy & Tourism, DP World, Emirates Group, and McKinsey, equipped with advanced consulting skills and profound insights into professional life.

This year’s cohort officially commenced their journey during an opening ceremony held at ICD Brookfield Place. The event was attended by senior executives of key partners from across Dubai and the UAE, including Emirates group, DIFC, DP World and IHC.

For the first time, the newly launched DBA Alumni Association, recently inaugurated to facilitate networking opportunities for the 240 previous Associates, made its debut.

For further information, please contact:
Surkhel Yousafzai

Dubai Business Associates Programme

Under the patronage of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, the Dubai Business Associate programme offers exceptional and ambitious graduates an unparalleled opportunity to study and engage in business in Dubai, a dynamic and multicultural hub for global commerce, enabling them to develop into future global leaders.

Through a practical, project-based learning approach, Dubai Business Associates facilitates the transition from talented young graduates to future global leaders with highly sought-after skills, bridging the gap between university and the world of work.

This year’s Associates include 16 females and 12 males, representing 20 nationalities: Austria, Belize, Brazil, China, Colombia, France, Georgia, India, Indonesia, Kazakhstan, Kyrgyzstan, Luxembourg, Mexico, Poland, South Africa, Tajikistan, United Arab Emirates, United Kingdom, United States of America, and Zimbabwe.

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Who is Harpal Randhawa, Indian billionaire who died in Zimbabwe plane crash? Here’s all you need to know – India TV News

Indian business tycoon Harpal Randhawa, who was killed in a
Image Source : X Indian business tycoon Harpal Randhawa, who was killed in a plane crash in Zimbabwe.

Indian mining tycoon Harpal Randhawa and his son were among the six individuals killed on September 29 when their private plane, Cessna-206, crashed near a diamond mine in southwestern Zimbabwe following a technical glitch.

Randhawa was the owner of RioZim, a diversified mining company producing gold and coal as well as refining nickel and copper. The plane that crashed was also owned by RioZim and was bound towards the Murowa diamond from Harare.

The plane experienced a technical fault, possibly resulting in a mid-air explosion, before plummeting into Peter Farm in the Zvamahande region. Confirming the crash, a statement from RioZim read, “The Murowa Diamond Company (RioZim)-owned white and red Zcam aircraft had left Harare for the mine at 6 am and crashed about 6km from Mashava.”

Who is Harpal Randhawa?

The 60-year-old Randhawa was the founder of private equity firm GEM Holdings worth $4 billion. He had vast gold, diamond and coal mining interests in Zimbabwe and was a prominent figure in the country.

According to his LinkedIn profile, Randhawa has served as the chairman of the GEM group for 30 years after its formation in July 1993. Aside from that, he was a partner at Sabre Capital Worldwide for 12 years and a senior adviser at the real estate firm Safanad for three years.

Randhawa completed his education at the Institute of Chartered Accountants in England and Wales (ICAEW) and the University of London. As per reports, he was planning his next business venture. His wife’s name has not been revealed yet.

The billionaire’s son, 22-year-old Amer Kabir Singh Randhawa, is a trained pilot, who also died in the tragic accident on Friday. The names of the other deceased passengers are yet to be released by police.

Reactions to Randhawa’s death

Although the names of the deceased passengers are yet unknown, journalist and filmmaker Hopewell Chinono, who was a friend of Randhawa, confirmed the deaths of Randhawa and his son.

“I am deeply saddened by the passing of Harpal Randhawa, the owner of RioZim who died today in a plane crash in Zvishavane. Five other people including his son, who was also a pilot but a passenger on this flight, also died in the crash,” wrote Chinono on X.

“My thoughts are with his wife, family, friends and the RioZim community.” The RioZim company secretary said a full statement will be issued. “I am not in a position to address the media right now. We will however be issuing a statement as soon as possible,” he said.

Many people expressed grief and condolences over Randhawa’s death on social media. Meanwhile, the local community and law enforcement agencies are working together to manage the aftermath of the plane crash.

(with agency inputs)

ALSO READ | Indian mining tycoon, Harpal Randhawa, his son among six killed in plane crash in Zimbabwe

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Fraud-accused Zimstat boss granted US$200 bail

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By Staff Reporter

Zimbabwe National Statistics Agency (ZimStat) Director General, Taguma Mahonde has been granted US$200 bail by Harare magistrate, Marewanazvo Gofa following his arrest last week.

Mahonde is facing fraud allegations with prosecution alleging that he abused his powers to get away with crimes he committed at his workplace.

He is facing another charge of contravening the Prevention of Corruption Act and an alternative charge of obstruction of justice.

The magistrate said it was his right to be granted bail.

During the bail hearing Investigating Officer, Eric Chacha said Mahonde would threaten ZACC’s witnesses into silence or hiding if granted bail.

“The degree of interference is so severe to the extent that the accused found some tactics and used his position as the Director General of ZimStats to fire the witness (Matiza) from work. Realizing that Matiza was working with ZACC, he found some dubious charges and caused the witness to be suspended.”

Chacha said after firing Matiza, Mahonde allegedly called him threatening to “deal” with him.

It is alleged that he said, “I will get bail like what the NSSA boss and the clerk of Parliament did and once I’m back at work I will deal with you accordingly.”

Chacha said if Mahonde is released, he might go back to his workplace and continue to intimidate his subordinates and they will not assist ZACC.

“You could even tell during the interviews of the subordinates that they were being interviewed under threat and fear as they were always saying that they would be facing the challenges Matiza is going through. They are afraid of the accused.” Chacha said.

Mahonde is accused of squandering Zimstat US$4 000 by claiming school fees allowance for a non-existent child.

It is further alleged that when ZACC’s investigations into his alleged corruption started in March this year, he tried to cover up his offense by refunding ZW$756 047.33 but it amounted to US$826 as he had used the interbank rate of $915.

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ZB Bank heist: Four acquitted to be reimbursed forfeited funds

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By Staff Reporter

FOUR suspects who were acquitted in the ZB Bank money heist case which made headlines two years ago will have their forfeited money reimbursed.

The four are Trymore Chapfikwa, Tozivepi Chirara, Dennis Madondo and Tatenda Gadzikwa.

They filed an application for disposal before Harare magistrate, Clever Tsikwa ruled there was “no justification for the State to keep the money when there is no longer a case against the four.”

The amount to be reimbursed was not mentioned.

The prosecution had protested the release of the funds arguing that there was no evidence to prove that seized money did not belong to the bank.

“The cash before this court as an exhibit cannot be lawfully possessed by the applicants.

“They did not provide proof of the source of their ownership. In this inquiry of whether an exhibit can be claimed by an accused, the accused has an onus to show that they are entitled to the money.” said prosecutor Loveit Muringwa.

The four were jointly charged with Shadreck Njowa, Tendai Zuze and Neverson Mwamuka who were convicted on Friday.

Njowa, Zuze and Mwamuka await their sentencing on Wednesday.

Prosecutors proved Njowa the kingpin of the heist and had been hiding in South Africa before coming back into the country in November 2022 assuming the dust had settled.

Njowa and his accomplices robbed US$2,7m and ZW$43 090 that was in the commercial bank’s transit truck headed for seven branches across the country in January 2021.

The security crew and the gang then staged the robbery along the Harare-Chinhoyi highway just after Nyabira Business Centre.

They had reportedly armed themselves with pistols, knives, and three vehicles which they used to carry the cash in transit.

One of the guards, Fanuel Musakwa, transporting the money was in contact with the heist crew.

Court heard the guard requested the driver to pick up some of the accomplices as passengers before they stole the money.

Meanwhile, prosecutor Muringwa has submitted the State’s aggravation urging the court to impose a harsher sentence for the convicted trio.

“The crime had a negative economic impact on the complainant and resulted in reasonable material or economic loss.

“The complainant is in the banking business, the loss of such vast amounts of money certainly had a negative impact on their business as income was lost because of the lack of cash that could have been circulated to its clients earning it the much-needed interest. Wherefore the State prays that the accused be heavily sentenced of the charged offense of robbery as aggravation factors outweigh the mitigatory factors,” he said.

The three will submit their mitigation Tuesday.

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