BY TENDAI SAUTA
RECYCLING waste materials as artistic and creative responses to health and hygiene has become a way of life for Hurungwe-born artist Moffat Takadiwa.
His collection ranges from used jute bags, plastics, metals, bottles and paper.
The founder and director of Mbare Arts Space Hub and board member of National Arts Council of Zimbabwe (NACZ), has a story to tell when it comes to the recycling of material. He shares his journey with NewsDay Weekender.
“My name is Moffat Takadiwa born in Tengwe, Hurungwe in 1983. I studied fine art at Harare Polytechnic College.
“I have been practising art since 2008 and I have showcased at many exhibitions both locally and internationally.
“I have also been working with various young up-and-coming artists and have helped in the establishment of First Floor Gallery in Harare before I started my own project called Mbare Art Space in Mbare.”
Forms of artworks
“My work is composed of everyday debris and residues which I pick in the various dumping grounds in Harare.
“The work takes us to the realities of colonial hangovers and leftovers affecting people’s everyday lives. With a team in my studio, we weave and fabricate these materials into some Korekore basketry and mates which can be hung on walls.
“Through reading, writing, archival research, and reflection, my work creates new stories and ways of understanding my Korekore culture as I position my people at the centre for my work and my narratives.
“I have noticed and learnt from colleagues in Europe and the United States of America who we share the same history with.”
Inspiration behind the crafts
“I have always been stuck with the love for art and the talent, but now happy that my works have a global audience and I am respected for my ingeniousness.”
Appointment to NACZ board
“I thank the government of Zimbabwe and the arts fraternity for my recent appointment to the NACZ board.
“I believe it is possible to make the arts industry a key pillar of our economy and this can be achieved if we link the creative and tourism industries.
“We can also achieve this through working with the various city councils around the country to provide primary working space for both creatives and urban tourism projects.
“The arts industry is the only perfect solution to move into a sustainable economy which possibly could lift the burden on agriculture which is now becoming a threat to our environments, forests and health of our people.”
“I am still growing and establishing my practice, but have made a few achievements so far. I have done several solo exhibitions in the country and abroad.
“I have managed two solo shows in London, various solo shows in the United States including an institutional showcase at the Craft Contemporary Museum. At one time I showcased my works in Paris, France and a number of group shows around the world including a show with Gagossion Gallery in Miami and a memorable show at the ARoS Museum in Denmark.
“What I can say is that my work is now in various important collections around the world.”
“I would like to offer decent working space for artists and at the same time make our works and our thinking accessible to the local audience.
“I also want to use art to reverse urban decay and unlock township economies.”
“It is challenging to find good and affordable tools to use in making works. Working space is also a huge challenge to artists. Fortunately, through my project Mbare Art Space which I co-founded with Garikai Makuya and other friends, we are safe and highly productive.
“The other biggest challenge is that we don’t have collectors in the country and that becomes a very big problem because most of our works are being exported to other countries and as a country we are losing a lot in our tangible and intangible history.
“Although we are growing a market at home with other businesspeople, it is going to take us a long time to have an art ecosystem.”
“The arts and culture industry in Zimbabwe has great potential to bring lots of economic, political and social growth in the region.
“We are not only talking about the financial returns of the industry, but also the cultural value and moral fabrication.
“We are still puzzled by the fact that the government is now pushing for repatriation and restitution of looted artifacts while artists and industries let more and more artworks being collected offshore for very small amounts of money.
“The creative industries in Zimbabwe needs to build a strong art ecosystem. By this, I mean establishing meaningful partnerships and collaborations through the government and private sector supporting the informal, scattered artistic initiatives which came from various models of Western structures and civilisations.
“Thinking globally and acting locally is a powerful tool for building our arts industries. The artists studios in Zimbabwe like my Mbare Arts Space, Village Unhu, Admire Kamudzengere’s Animal Farm, Gareth Nyandoro’s studios and many more are providing vital incubation space for budding artists.”
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Retail participation on ZSE rising – The Zimbabwe Mail
Experts in the capital markets are projecting further growth in retail investor participation on the Zimbabwe Stock Exchange (ZSE) in 2022 on enhanced access to trading at a time foreign participation has been on a decline.
While foreign participation slowed in the past year, the introduction of easy-to-access platforms for trading has increased participation by retail investors, a trend that stockbrokers EFE Securities see continuing.
In 2021, foreign participation remained sluggish with disposals accounting for 19 percent of the total turnover while purchases claimed a mere 4 percent of the same as foreigners continued to shy away from the Zimbabwean stock market due to delays in movement of international payments.
However, local investors spurred activity both on the buy and sell-side as they piled stocks to hedge against economic volatility, subsequently accounting for 81 percent and 96 percent of the sell and buy-side respectively.
Platforms such as ZSE Direct and C-Trade, have allowed ease of buying and selling of shares by retail investors.
During the first half of the year 2021, the C-Trade platform also spurred trades by retail investors although the values still remained low. With more liquidity coming from the anticipated economic growth spurred by agriculture and mining, more retail investors are expected to turn to stocks as a viable investment option.
On ZSE Direct (an online trading platform run by the ZSE) the growth in retail investor participation on the stock market has been phenomenal. The platform, which was launched in September 2021 and closed the same year with 3 149 total users, has since grown to 9 121 total users.
Active users at 939 for the four months to December 2020, closed 2021 much higher at 4 737 reflecting the growing interest from retail investors. The growth in active users was also reflected in the growth in the number of trades from 1 766 for the four months to December 2020 to 31,142 for the year to December 2021.
The total value of trades, which was at $14,3 million in the four months to December 2020, ballooned to $248,4 million in the 12 months to December 2021. The introduction of easy-to-use trading tech platforms such as ZSE Direct and C-Trade has also added to the attractiveness of equities as an asset class.
On C-Trade the total number of registrants or first-time investors shows a significant uptake comparable to the approximately 7 500 active investors accrued since dollarisation.
Such an exponential increase signals a market poised for growth as happened last year when the number of participants on C-Trade grew by 60 percent from the previous year. C-Trade has approximately 26 000 users currently.
“In the ensuing year we expect more activity in the market mainly coming from retail investors, due to availability and accessibility of trading platforms and new listings,” said EFE Securities in their FY2021 Review and 2022 Outlook. In the prior year, retail investor activity improved, therefore, bringing more liquidity in the market. Foreign outflows continued to outstrip inflows on the market, therefore depressing prices as locals failed to cope with the supply. However, with a better foreign currency allocation system we expect a turnaround in this space with more foreigners gaining confidence to buy in the local market,” said the stockbrokers.
While most counters were affected by Covid-19 due to lockdowns, it is the hospitality industry that suffered the most as travel restrictions were imposed, while clothing retailers also lost weeks of trading during the first quarter of the year. However, the blue-chip counters have continued to be the markets’ favourites as they provide a good hedge against currency depreciation.
“The heavy cap counters that offer diversified goods like consumer staples are well-positioned for growth in the Covid-19 era, for example, National Foods is poised for growth as it offers commodities with inelastic demand.
“Econet continues to grow as most personnel have adapted to work from their home and schools also now offer lessons online,” said EFE Securities.
According to the stockbrokers, the market’s momentum stocks Meikles, Delta, Econet, CBZ and Innscor proved their mettle as they emerged the most liquid stocks on the bourse accounting for a combined 55 percent of the annual market spend.
Meikles, Delta, and Econet were the standout performers for the year with respective contributions of 20 percent, 12 percent and 9 percent as investors continued to cherry-pick in the heavies. starafrica, Dawn, and RTG drove the market’s volumes performance with a contribution to total volumes of 37 percent, 29 percent, and 8 percent in that order on the back of corporate transactions that saw major shareholding structural changes in the three companies. Overall, market cap closed the year at $1,32 trillion with telecoms giant Econet being the biggest counter by total value accounting for 17 percent of total market value by the close of 2021.
Fifty-one counters closed the year in the positive, led by logistics group Unifreight which surged 16 011 percent to close at $29,96. CBZ was the only counter to close the year in the negative with an 11 percent decline to $75,16. The banking group once reached a high of $123,61 during the year. – Sunday Mail
Presidential garden flourishes in Mat South village – Chronicle
Nqobile Tshili, Chronicle Reporter
FOR the first time in their lives, villagers in Jinjika village in Mangwe District, Matabeleland South, have opened bank accounts to receive payments for their efforts at Sekusile-Makorokoro Nutrition Garden, a project falling under the Presidential Rural Development Scheme.
On December 15 last year, President Mnangagwa launched the Presidential Rural Development Scheme in the remote Jinjika village which is tucked deep in semi-arid Matabeleland South.
Government intends to replicate the same programme across 35 000 villages countrywide.
The programme entails communities using resources within their villages to uplift themselves and Arda and Agritex are the agronomists for the projects.
The programme is part of Government’s efforts to improve rural economies and end poverty among the rural folk in line with the National Development Strategy 1 (NDS1).
During the launch the President sold the first bundle of spinach produced at the Sekusile-Makorokoro Nutrition Garden to off-takers for US$1.
The Agricultural Marketing Authority (AMA) has already started establishing offtake agreements with buyers of fresh produce from the garden, which was established two months ago.
With 163 beneficiaries, Sekusile-Makorokoro Nutrition Garden has already started generating money in its first eight weeks of establishment.
Arda said the scheme will generate at least US$163 000 every year.
In interviews with Chronicle yesterday, villagers said the horticulture project has become transformational to their lives.
The villagers in Jinjika said they have opened bank accounts to get paid for the work they do at the Presidential Horticulture Scheme garden in the Makorokoro area.
So far, they received payments for rape and spinach they planted in December and have started harvesting tomatoes and about 4 000 cabbages will be ready in mid-February.
The garden is being managed by Mr Mlungisi Ncube with Agriculture extension officers providing consultancy work so that crops do not fail.
Mr Ncube yesterday took Lands, Agriculture, Water and Rural Development Minister Dr Anxious Masuka through a tour of the garden narrating their successes as well as challenges.
A villager engaged in the scheme, Ms Linda Moyo said after receiving her payment last month, she was able to buy groceries for her family.
“I managed to buy items including rice, sugar, soap among other things.
We have been able to relieve pressure from our husbands who are working outside the country.
As a woman, I’m now able to enter a bank and make a withdrawal and this is through the payments I get from working here.
We are looking forward to improved profits when we scale up productivity,” said Ms Moyo.
A local village head Mr Morgen Ndebele expressed gratitude to Government for extending the project to their community.
He said the project will help in ensuring that locals don’t skip the country’s borders as payments that villagers are receiving are transforming lives.
“We believe this will contribute to more of our children not leaving the country to seek greener pastures in other countries.
Villagers now balance between working in their fields and also working here where they get paid. We believe this project will uplift our community,” said Mr Ndebele.
In his speech, Dr Masuka, said it was important that he follows up on the programme that President Mnangagwa launched in December so that glitches are reduced in spreading the programme countrywide.
“We visited here to see progress with the project. I’m extremely pleased with what we have seen so far.
All the 163 villagers are working here and have been paid and they have started generated more than $100 000 in their first month.
Certainly, this project is on course to achieving targets and they have even started selling the cabbages, they have an incredible crop of tomatoes, rape and spinach.
They are now going into the second rotation and we can only expect that production will get better,” said Dr Masuka.
He said the project has great potential and Government will chip in to ensure communities access viable markets.
“We still have to finetune the marketing side because the markets are far. And with the increase in product from other villages that are going to be starting this project, I think we have started on the right path,” he said.
He said institutions such as the Zimbabwe National Water Authority, Zimtrade, Agriculture Marketing Association and Agriculture and Rural Development Authority are expected to work closely with rural communities in amplifying the transformation agenda.
Dr Masuka said rural industrialisation is the best foot forward if the country is to achieve an upper middle-income status by 2030.
He said the Presidential Horticulture Scheme will create employment for communities.
“Opportunities lie where we are; beneath our feet and here in Jinjika Village we have demonstrated that it is indeed possible for villagers not to go anywhere else to be employed.
They get money every month as employees and at the end of the selling season they become shareholders in the shares.
So, this is an incredible developmental pathway for the attainment of Vision 2030,” he said.
“For these projects to succeed, it is agricultural development that will power rural industrialisation.
And that rural industrialisation will cause rural development and facilitate for the attainment of Vision 2030.
That’s the continuum that we must appreciate, but where it is theoretical a lot of people get lost.
But when the perspective is grounded like this, everyone can see that this is the evidence that we have been building all along.
That it is possible for Zimbabweans to develop where they are because the enabler for development is the land.”
Dr Masuka said the project being implemented at Jinjika will be replicated across the country making Zimbabwe a stronghold in horticulture exports in Africa.
“The President’s vision is that there be 35 000 village models like this so we have the incredible opportunity to become one of the biggest horticulture exporting nations in Africa.
So, this provides diets and nutrition and this is where we are going.
If you complement this with Pfumvudza/Intwasa that provides the cereals, and this provides the relish then this is the greatest combination for rural development and food and nutrition security,” said Dr Masuka.
Mangwe district development coordinator Ms Rorisang Makhurane said chiefs in the district have endorsed the programme and are in the process of identifying land in other villages where the same programme can be implemented.
“You know this part of the country has almost been forgotten, even the network is very poor.
Somehow, they did not have a lot of participation in national programmes, but this project I see it coming up very positively and everyone is now understanding where Zimbabwe is going.
This is the way to go; the villagers are being paid for the work they are doing and they now realise what business is.
What we have even heard from the grapevine is that the traditional leadership in this area want this expanded.
I even had consultations from chiefs who want this model to be spread across the district.
“As you are aware the President has said this should be replicated in the 35 000 villages in the country, chiefs are busy trying to identify land to expand this programme,” she said. — @nqotshili
African stock outlook for 2022 – a trader's opinion – The Zimbabwe Mail
Investing in Africa differs significantly depending on the region. In terms of oil assets and key industries, Northern Africa is very similar to much of the Middle East in terms of size and scope.
The country of South Africa is considered to be a more developed market because of its robust mining industry.
Sub-Saharan Africa is still considered to be a closed market by foreign financiers. It comprises countries with less developed economies.
However, according to AskTraders.com, as markets in other parts of the world begin to mature, Africa as a region is viewed by many investors as an excellent frontier upon which to discover lucrative growth stocks.
In 2022, as global economies still stutter out of the effects of the global pandemic, there are some compelling prospects for African stocks going forward.
Commodities investments continue to be a strong prospect for traders
These countries are endowed with an abundance of natural resources, which range from oil and diamonds to gold and uranium. Many of them remain unexplored as a result of a low human population density, as well as a lack of infrastructure and financial resources.
This creates a strong environment for growth stocks to become more prominent in 2022, as international mining companies begin to prospect throughout the African continent.
Africa is experiencing a bevy of new stock exchanges
Many African countries are enacting legislation that will make their stock exchanges more transparent and more diverse in terms of the securities that are traded on the exchange.
Added to this, many emerging stock exchanges in Africa are embracing financial technology businesses and collaborating with start-ups in order to automate their trading platforms and reduce the regulatory burden placed on publicly traded corporations, among other things.
New stock exchanges are also being established, with Lesotho set to become the first African country to list on a stock exchange.
Ethiopia’s parliament has also given its approval to a proclamation that will pave the way for the establishment of a stock market.
Many African countries are enjoying a growing consumer sector
As of 2021, the population of Africa will account for around 17 percent of the world’s total, with roughly 1.4 billion people residing in more than 60 countries.
As a result, consumer services such as telecommunications and banking gain a significant amount of market share.
The rising consumer economies of Africa provide intriguing potential for global enterprises looking to expand their operations in retail and distribution.
Changing demographics and better business environments across the continent are only two of the causes that will contribute to increased household consumption, which is expected to reach $2.5 trillion by 2030, according to projections.
Seven countries—Nigeria, Ethiopia, the Democratic Republic of the Congo, Egypt, Tanzania, Kenya, and South Africa—will soon account for half of the continent’s population, and 43 percent of Africans across the continent will belong to the middle or upper classes, according to the United Nations Development Programme.
The rising income levels across all socioeconomic classes, as well as the growing demand for goods and services, should inspire firms to consider expanding their operations to the continent.
Investment, production, and distribution options abound throughout Africa, making it a lucrative place to do business and to invest.
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