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Zim eyes $3 trillion halal global market – NewsDay

Zimbabwe’s stand at MIHAS 2023 where the country is exhibiting for the first time.

ZIMBABWE plans to leverage on Malaysia’s strategic position to tap into the US$3 trillion halal global market.

Halal refers to behaviour or an action that is considered permissible in Islam.

A halal market provides halal foods, which are produced following rules permitted by Islam and the Halal Food Authority.

Goods traded in halal markets, include halal meats and other foodstuffs prepared under halal principles, with halal meats only permitted to be sold from certified butcheries and supermarkets.

Malaysia is the world’s 43rd most populous economy, with a booming halal market estimated at about US$68,4 billion in 2018.

In an interview this week, Zimbabwe’s ambassador to Malaysia, Constance Chemwayi said demand for halal products was booming globally, and countries like Zimbabwe can ride on this success to bolster export earnings.

Chemwayi spoke to businessdigest on the side-lines of the Malaysia International Halal Showcase (MIHAS 2023), which kicked off on Tuesday and ends today.

 “Our presence at the 19th edition of the Malaysia International Halal Showcase is in line with the country’s goals of opening new markets for our products,” she said.

“Our main aim is to make Malaysia a gateway to accessing the US$3 trillion halal global market with only 20% of the demand being meat.”

ZimTrade, the country’s export trade promotion body, has a stand at the exhibition where four Zimbabwean firms are among those showcasing their products.

The companies are exhibiting horticultural produce like chillies, macadamia nuts, beans, peas, teas, coffees, herbal products and the popular beverage, Mazoe.

“Malaysia’s halal market was worth US$68,4 billion in 2018. It is projected to increase to US$113, 2 billion in 2030,” Chemwayi said.

The Zimbabwean diplomat added that being halal compliant did not only mean products must adhere to Islamic law.

She said it also compels producers to manufacture products that are safe to consume or apply, in line with globally acceptable standards and principles.

“Technically, halal is not an industry, it is a value proposition that exists within key elements of the supply chain of the intersecting industry sectors like processed food and beverages, ingredients for food and non-food, meat and meat-based products, drugs and supplements, cosmetics and personal care and warehousing and handling,” Chemwayi said.

She said MIHAS is a robust market place for Zimbabwean players to seize opportunities beyond halal foods, including halal pharmaceutical devices, personal care products and cosmetics and even Muslim-friendly tourism.

Graced by 470 buyers and 40 countries, the exhibition is highlighting the latest trends, technologies, and innovations across 13 major halal industry clusters.

These clusters include food and beverage, food technology and packaging, e-commerce, cosmetics and personal care, pharmaceuticals and medicals, modest fashion and lifestyle, education, Islamic finance and fintech, retail and franchise, services and enablers, Muslim-friendly hospitality and tourism, media and recreation, and Islamic arts and crafts.

The 19th MIHAS placed special emphasis on the agenda of helping Malaysian and international players look to innovation and sustainable initiatives to spearhead steady growth for the halal economy.

The showcase was not limited to the Association of Southeast Asian Nations region alone, but was also supported internationally by countries across the globe.

“It is our hope that through participating at such a big fair in the South East Asian region, Zimbabwean products that meet global high standards will find a share in this halal global market,” Chemwayi said.

“Zimbabwe has the capacity to supply horticultural produce and related processed foods, which are unique and have rich natural flavours that suit the current global consumer patterns.

“Our participation gives us the opportunity to connect to the right business in the halal ecosystems and supply chain, gain knowledge from the halal industry captains and enhance networking opportunities.

“It also gives us an opportunity to promote Zimbabwe as a reliable and competitive sourcing and business destination for our manufactured goods, horticultural products, and value-added services that meet the halal standards,” she added.

The showcase, which started on Tuesday, ends today.

It ran under the theme: Paving the Way of Halal.



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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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