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Kudzanai Gerede

Harare, Zimbabwe
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English Ndebele
Jobs Completed 5
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About Kudzanai
Kudzanai Gerede is a journalist based in Harare, Zimbabwe with interest in political, business and financial analysis, community reporting as well as climate change solution based reporting. I have 10 years experience in journalism and won several journalistic awards including best coal and gas reporter of the year, best agricultural finance award of the year among others. I am a Thomson Reuters Alumni Wealth of Nations investigative journalism program. I have previously work and written for local and international publications which includes Zenger News and also commented on African issues on Radio France Internationale among others.
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Audio package (Radio / Podcast) Interview (Video / Broadcast) News Gathering
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Portfolio
Zimbabwe: Govt to Raise Zw$ 9 Trillion Amid Debt Crisis
27 Feb 2024  |  allAfrica.com
The Zimbabwean government plans to borrow ZW$ 9 trillion, approximately US$640 million, primarily from the domestic market to address its 2024 budget deficit. This strategy, detailed in the 2024 Annual Borrowing Plan, includes issuing Treasury bills and bonds and relying on both existing and new external loans. Concerns arise over the government's increasing debt, which could lead to economic instability, higher inflation, and crowding out of the private sector. As of September 2023, Zimbabwe's total public debt stood at US$17.7 billion, with significant portions owed to bilateral and multilateral creditors and the Reserve Bank of Zimbabwe.
Zimbabwean Dollar to Accelerate Fall in 2024, Analysts Warn
27 Feb 2024  |  allAfrica.com
The Zimbabwe Dollar (ZWL) is predicted to accelerate its decline in 2024 due to fiscal and monetary pressures, according to Morgan & Co. The Central Bank's efforts to curb inflation have had limited success, and the economy faces a severe liquidity crunch. The widening gap between official and parallel market rates is expected to trigger further devaluation of the ZWL, leading to sustained inflationary pressures. The report estimates ZWL inflation to be between 550% and 600%, far higher than official figures. The Central Bank has not announced plans to introduce higher denomination notes, exacerbating the currency's depreciation.
Zimbabwe: Shoko Festival Meets Expectations
05 Oct 2023  |  allAfrica.com
The 13th edition of Shoko Festival successfully showcased the talents of young artists through various art forms, aligning with its 'Take back' theme. Highlights included the Hub Unconference on AI in media, an AR Photography Exhibition, and performances by Afro Jazz artist Godfrey 'Mwendamberi' Chirau, songstress Feli Nandi, and World Poetry Slam champion Xabiso Vili. The festival also featured a roast of Ricky Fire, who recently switched political allegiance, and concluded with the Peace in the Hood event in Chitungwiza, featuring artists like Gemma Griffiths and Nutty O.
Zimbabwe: Shoko Festival Kicks Off
28 Sep 2023  |  allafrica.com
The 13th edition of Shoko Festival, Zimbabwe's longest-running festival of urban culture, begins today in Harare and Chitungwiza, running from September 28 to 30 under the theme 'The TakeBack.' The festival includes a Hub Unconference with discussions on AI, social movements, and rural media innovation, augmented reality exhibitions, performances, a Poetree Slam, gaming events, and the roast of entrepreneur Kuda Musasiwa. The Peace in the Hood concert will close the festival, featuring artists like Gemma Griffiths and Nutty O.
Zimbabwe: Shoko Festival Returns, Focus On Reclaiming Youth Space
20 Sep 2023  |  allAfrica.com
The 13th edition of Zimbabwe's Shoko Festival, focusing on reclaiming youth space, will take place from September 28-30, 2023, in Harare and Chitungwiza. The festival will feature headline acts such as Bling4, Gemma Griffiths, Nutty O, Xabiso Vili, and Jordan Moozy. The event will include a variety of performances, thought-provoking talks, and comedy, aiming to inspire and empower young Zimbabweans. Highlights include Mash Up Night, the Shoko Roast, and the closing event, Peace In The Hood. The festival remains committed to providing a platform for both emerging and established artists.
Zimbabwe: RBZ Raises Key Rate to 150 Percent Amid Financial Turmoil
07 Jun 2023  |  allAfrica.com
The Reserve Bank of Zimbabwe (RBZ) has increased the main policy rate to 150 percent from 140 percent to stabilize the foreign exchange market amid soaring inflation. This marks the third interest rate adjustment this year. The Zimbabwe dollar has significantly devalued, losing 91 percent of its value annually. The RBZ also raised the Medium-term Bank Accommodation interest rate and Statutory Reserve Requirements on local currency deposits. Measures include selling foreign currency at market-determined rates through banks and increasing interbank trading limits to ensure the interbank forex market is self-financing.
Zimbabwe: POSB Opens Microfinance Service Centre in Mutare
01 Jun 2023  |  allAfrica.com
The People's Own Savings Bank (POSB) has opened a new Microfinance Service Centre in Mutare to enhance financial inclusivity and support micro, small, and medium enterprises (MSMEs). The centre aims to provide affordable loans and financial literacy training to marginalized groups, aligning with Zimbabwe's National Development Strategy 1 (NDS1) and Vision 2030. POSB's initiative is expected to facilitate economic participation and wealth creation among low-income households.
Zimbabwe: Zim CEOs Set for U.S. Business Interface
27 Apr 2023  |  allAfrica.com
A delegation of Zimbabwean business executives from the CEO Africa Roundtable will visit the United States from June 7th to 17th for business interfaces with global peers and the Zimbabwean diaspora. The delegation will attend the Las Vegas International Licensing Expo 2023 and visit the Coca Cola Bottling Company for an educational tour. They will also tour the head offices of CNN. The visit aims to foster business relationships and provide educational opportunities for the delegates.
Zimbabwe: Fastjet Beefs Up Fleet Ahead of Kariba, Hwange Routes Launch
06 Mar 2023  |  allAfrica.com
Fastjet has introduced the first of three Embraer 120 aircraft to service new domestic routes to Kariba and Hwange National Park, expanding its domestic destinations in Zimbabwe to five. This development is expected to significantly boost domestic tourism by improving air connectivity. The Airports Company of Zimbabwe has expressed strong support for the initiative, highlighting the potential for increased use of the country's smaller airports. Fastjet also operates international flights to South Africa and Botswana and has received multiple awards for its services.
Zimbabwe: Forex Shortages Choke Econet Operations
08 Feb 2023  |  allAfrica.com
Econet Wireless Zimbabwe is struggling with foreign currency shortages, impacting its ability to service network suppliers and invest in maintenance and expansion. Persistent power cuts have exacerbated the situation, necessitating investment in alternative energy sources like solar, which also require significant foreign currency. Despite these challenges, Econet saw a notable increase in voice and data volumes and a 9% revenue growth in inflation-adjusted terms for the nine months ending November 2022. The Reserve Bank of Zimbabwe's assistance with foreign currency has been insufficient to meet local industry needs.
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