MSUIR Collection:https://cris.library.msu.ac.zw//handle/11408/2032024-03-28T08:41:18Z2024-03-28T08:41:18ZInside Zimbabwe's Roadside Currency Trade: The ‘World Bank’ of BulawayoShowers MawowaAlois Matongohttps://cris.library.msu.ac.zw//handle/11408/54772023-03-29T06:32:05Z2010-06-23T00:00:00ZTitle: Inside Zimbabwe's Roadside Currency Trade: The ‘World Bank’ of Bulawayo
Authors: Showers Mawowa; Alois Matongo
Abstract: The 2000s represent a period of unprecedented political and economic turmoil in Zimbabwe's history. This article constitutes an attempt to unpack one aspect of this crisis period: roadside currency trade. Beyond its political dimensions, the Zimbabwe crisis has been accompanied by a highly informal regime of accumulation. While there is a way in which this informality conflates with contemporary analyses of informality, the highly politicised and securitised nature of Zimbabwe's informality exhibits a state–power–accumulation–society complex that poses analytical challenges for more common conceptions of informality. It is argued here that roadside currency trade not only provided a survival enclave for Zimbabwe's urban poor but contributed to the sustenance and reproduction of a schizophrenic, militarised, dictatorial state in the midst of a historically unprecedented crisis. A network of roadside currency trade in the Central Business District (CBD) of Zimbabwe's second-biggest city of Bulawayo, cynically referred to by locals as the ‘World Bank’, is used to provide a glimpse into Zimbabwe's political economy of crisis. An investigation into the ‘World Bank’ shows that, although often ostracised by policy makers, roadside currency trade drew in its wake participants from a wider spectrum of Zimbabwe's society than one would contemplate at face value. At the same time, the study also reveals that cross-border trade was the single most important factor in buttressing this trade, at least in this studied part of the country, and not foreign currency remittances from the diaspora as is commonly assumed.
Description: Abstract2010-06-23T00:00:00ZShowers MawowaAlois MatongoEffects of Total Quality Management on the Performance of the Food and Beverages Industry in ZimbabweJohn MambandaGabriel MaibvisiraStanley Idanai Murangwahttps://cris.library.msu.ac.zw//handle/11408/53352022-12-21T12:27:18Z2017-06-01T00:00:00ZTitle: Effects of Total Quality Management on the Performance of the Food and Beverages Industry in Zimbabwe
Authors: John Mambanda; Gabriel Maibvisira; Stanley Idanai Murangwa
Abstract: The food and beverages sector in Zimbabwe has been of late characterised by deteriorating market
and operational performance despite implementation of various strategies. It was against this background that
the researchers sought to determine the effects of total quality management practices as a strategy on the
performance of the food and beverages industry in Zimbabwe. The main objectives of this study were to find out
whether total quality management had an impact on performance of the food and beverages sector in Zimbabwe
and to establish total quality management related challenges faced by the food and beverage sector. The study
adopted a combination of exploratory and descriptive survey research design since it was the first of its kind in
this sector; and the need to fully explain the underpinning variables. Stratified random sampling and non-
random sampling techniques were used to come up with a sample of hundred and twelve (112) respondents.
Questionnaires, personal interviews and observations were used as research instruments. Data was analysed
using Stata and Microsoft Excel packages and it was presented in tables and bar graphs.The study revealed
thattotal quality management practices positively impacted on the performance of the food and beverage sector
in Zimbabwe. The researchers recommended that that the food and beverage industry should enter into strategic
alliance with suppliers of inputs, get ISO certification and seek continuous top management support and
commitment and invest in market research training for its employees and other stakeholders.2017-06-01T00:00:00ZJohn MambandaGabriel MaibvisiraStanley Idanai MurangwaEthical and Corporate Governance Challenges that Rocked the Zimbabwean Financial Sector Between 2003- 2008Costain MukanganikiGabriel MaibvisiraPrecious Kandufuhttps://cris.library.msu.ac.zw//handle/11408/53342022-12-21T12:26:15Z2014-04-01T00:00:00ZTitle: Ethical and Corporate Governance Challenges that Rocked the Zimbabwean Financial Sector Between 2003- 2008
Authors: Costain Mukanganiki; Gabriel Maibvisira; Precious Kandufu
Abstract: The purpose of this paper was to discuss the ethical and corporate governance challenges that rocked the Zimbabwean financial sector between 2003-2008. The paper has also evaluated the measures that were taken by the Reserve Bank of Zimbabwe (RBZ) to try and address the challenges. It also explored whether the measures were sufficient in nature and adequate in degree. The research adopted the case study design by citing cases of financial institutions which collapsed or faced near closure due to the numerous corporate lapses experienced in the sector. Data collection was through desk research and analysis was qualitative judgmental sampling and this was used to select all the cases cited in this paper. Findings clearly indicated that in all cases where ethical and corporate governance challenges were highly reflected, either the chief executive officer or chairman wielded disproportionate power in the board. This unfettered power rose from major shareholding which overshadowed the significance of other directors in the institutions. It came out clear that after liberalisation of the sector in the 1990s, an environment was created in which the Zimbabwean financial services industry could thrive, and where excessive risk taking and an adventurous business culture was embraced. Not only was this embraced by government, and industry, Zimbabwean society as a whole also participated. The measures taken by the central bank were a welcome development despite them being sort of voluntary. The way (forceful in nature) through which the central bank engaged in reigning in offenders was necessary at the time.2014-04-01T00:00:00ZCostain MukanganikiGabriel MaibvisiraPrecious KandufuCauses & Effects of Financial Exclusion in the Banking Sector: the case of ZimbabweWilson NyarugweGabriel MaibvisiraFlorence Mudzurandendehttps://cris.library.msu.ac.zw//handle/11408/53322022-12-21T11:02:09Z2012-12-01T00:00:00ZTitle: Causes & Effects of Financial Exclusion in the Banking Sector: the case of Zimbabwe
Authors: Wilson Nyarugwe; Gabriel Maibvisira; Florence Mudzurandende
Abstract: The study sought to establish causes and effects of financial exclusion in Zimbabwe from 2009 to
2011 . The study adopted both descriptive and exploratory research designs owing to the
qualitative and insightful nature of the study . A diverse sample of 200 comprising bank
managers , the unbanked population , bank clients and officials from the Central Bank was used
and the sample was drawn from the three delimited towns. Structured and semi- structured
questionnaires, in-depth interviews and observation were used to gather data from the chosen
sample . The study came out with fundamental findings inter –alia ; the majority of the unbanked
population were in the informal sector , the rural and the low income population, the crisis of
2003 -2008 eroded people‟s confidence in banks resulting in self exclusion, financial exclusion
impacted negatively on the economy as a result of liquidity crunch and an estimated US $ 2.5
billion is circulating outside the formal banking system thereby reducing the country to a “cash
economy,” and the majority of the unbanked are the general population and the small to medium
enterprises who cannot meet the stringent bank loans requirements. Major recommendations are ; the need for banks to increase frequency of their mobile banking units to the marginalized
unbanked in rural areas , banks to revise their bank charges so as to attract and retain depositors,
banks to practice sound corporate governance and business ethics to regain depositors
confidence .2012-12-01T00:00:00ZWilson NyarugweGabriel MaibvisiraFlorence Mudzurandende