Zim News Blog -NEWS NETWORK

Source: Zim hosts ITU meeting | The Herald March 6, 2019

Minister Kazembe

Business Reporter
Members of the International Telecommunication Union from across the world have started arriving in Victoria Falls for the ITU-T Study Group 13 meeting. The meeting, which started on Monday and ends on Friday next week, will be officially opened by the Information Communication Technology and Courier Services Minister Kazembe Kazembe.

Study Group 13 has led ITU’s standardization work on next-generation networks (NGNs) and now caters for the evolution of NGNs, while focusing on future networks and network aspects of mobile telecommunications.

Broadly speaking, NGN refers to the worldwide move from circuit-switched to packet-based network. Circuit switching provides the basis for traditional telephone networks while packet switching break streams of data into smaller blocks of data. Each of these small blocks are then sent independently over a shared network.

The migration to NGNs has reduced service providers’ capital and operating expenses and enable the rollout of a rich variety of services.

As is common practice in ITU-T, reduced energy consumption was a priority addressed early in the development of NGN standards and in this respect they have proven far superior to traditional networks.

NGNs have been critical to fixed-mobile convergence and telecom-broadcasting convergence exemplified by such innovations as Internet Protocol Television.

NGNs are also underpinning the convergence of ICT and other industry sectors, such as the automotive industry in support of intelligent transport systems.

The SG13 is presently focusing on future networks that are expected to enjoy early realisation sometime around 2020 in prototyping or phased deployments.

Cloud computing is an important part of SG13 work and the group develops standards that detail requirements and functional architectures of the cloud computing ecosystem. SG13’s standardisation work also covers network aspects of the Internet of Things (IoT), additionally ensuring support for IoT across FNs as well as evolving NGNs and mobile networks. Cloud computing in support of IoT is an integral part of this work.

Meanwhile POTRAZ will be taking advantage of its presence in Victoria Falls to embark on a consumer education and awareness campaign at Chinotimba stadium this Saturday.

The roadshows which have been attracting thousands of consumers are popular because of their edutainment format.

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Source: ‘New currency to steer self-correction of ZSE stock prices’ – NewsDay Zimbabwe March 6, 2019

BY MISHMA CHAKANYUKA

Market analysts expect a self-correction of the price of stocks listed on the Zimbabwe Stock Exchange (ZSE) following the establishment of the real time gross settlement dollar (ZWR) and floating of the exchange rate.

Since the announcement of the monetary policy, which paved way for the currency reforms, the ZSE all share index has retreated 0,76 points to 152,18 points and has continued going down to 146,56 points to date.

A local securities firm, Inter Horizon, said it is expecting the market price to be unstable in the short run as individuals try to understand the local currency.

“The equities market was significantly weak across the board and in heavyweights particularly. Nonetheless, we expect further price corrections in the equities market, that is, Old Mutual, to converge closer to the formal rate as the market re-rates downwards,” Inter Horizon said in its outlook.

Commenting on the issue, ZSE vice-chairperson Arnold Dhlamini said the currency reforms affected the market performance in the short-term.

“The market has gone down because people are still trying to understand the dynamics of the local currency, the (ZWR). The prices are coming off though the export side has remained up. The market has never been tied down to any currency,” he said.

The establishment of an inter-bank foreign exchange market by Reserve Bank of Zimbabwe governor John Mangudya is expected to help stabilise the foreign currency deficit and improve foreign participation in the market.

But Dhlamini said the change was yet to be felt.

“Foreign sector is the major driver of the market. There has been a small deep in foreign participation. This situation will continue until the banks are fully funded to the extent that foreigners are assured to get their money from the inter-banks,” he said.

“Foreign participation depends on whether the banks have adequate foreign currency.”

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Source: Bail relief for Mangoma, Chifamba | The Herald March 6, 2019

Mr Mangoma

Panashe Machakaire Herald Reporter
FORMER Energy and Power Development Minister Elton Mangoma, ex-Zesa chief executive Joshua Chifamba and Zesa Enterprises managing director Tererai Mutasa last week successfully applied for relaxation of their bail conditions.

The trio faces criminal abuse of office charges. They appeared before Harare magistrate Mrs Vongai Muchuchuti Guwuriro, who relaxed their reporting conditions to the police from twice a week to once a fortnight.

Through his lawyer Mr Admire Rubaya, Chifamba made a separate application for temporary release of his passport.

Mr Rubaya said Chifamba intended to travel to South Africa to seek medical treatment.

“Chifamba was ordered to surrender his passport in January and report once every week to the police, and has been religiously coming to court,” he said.

“He has been attended to by a doctor at the Trauma Centre and was advised that there is need for him to be attended (to) in South Africa. The accused has no plans to abscond court and is prepared to surrender title deeds to his house.

“It is in the interest of justice and accused that the passport be released and will be returned by the 8th of March so that he can be able to travel.” The court will later make a ruling on the matter.

The post Bail relief for Mangoma, Chifamba appeared first on Zimbabwe Situation.

The military government today charged party Deputy Treasurer General and Kuwadzana East MP Hon Charlton Hwende with subverting a constitutionally elected government.

Source: Treason craze hits military government – The Zimbabwean

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A man was shot dead by a police officer while trying to avoid a tollgate in Harare. The incident, at around 8PM on Monday night, took place at the Skyline tollgate just after the Mbudzi roundabout on the Harare-Masvingo road. A police source told ZimLive: “A truck driver was trying to avoid the tollgate by […]