Energy Features Headlines

UAE’s $1.4bn investment in Zimbabwe enhances ties as West and China retreat

The United Arab Emirates (UAE) has solidified its position as Zimbabwe’s most important partner, surpassing China with a strategic $1.4 billion investment in real estate, gold trading, and other sectors. This partnership, which began gaining momentum in 2022, marks a shift in global economic alliances as Zimbabwe continues to struggle with Western sanctions and a […]

Americas Business Finance Headlines International

African nations, health workers hit hard by Trump’s USAID programs’ suspension

The sudden halt in USAID funding by US president Donald Trump has sparked a growing crisis for non-governmental organizations (NGOs) and healthcare workers across Africa, who are now scrambling to cope with the financial and logistical fallout. The US Agency for International Development (USAID) last week announced the suspension of its programs in several African […]

Africa Features Headlines International

EAC and SADC regional blocs to hold joint summit in Tanzania in bid to address eastern DRC crisis

The East African Community (EAC) and the Southern African Development Community (SADC) have agreed to come together for a high-level joint summit later this week (7-8 February) in a bid to find a common ground on the escalating crisis in the eastern Democratic Republic of Congo. This follows an agreement between the Chairman of SADC […]

Africa Features Headlines International

SADC leaders slammed for failing to assist troubled Mozambique

Experts and analysts have piled criticism on the leaders of the Southern African Development Community (SADC) for “adding fuel to Mozambican fire” and for “failing the people of Mozambique” that has been for weeks engulfed in post-election violence. Zimbabwe’s president Emmerson Mnangagwa, who is also chair of SADC, has said the regional bloc is ready […]

Africa Features Headlines International

Mozambique: massive jailbreak sees 1,500 inmates escape amid post-election violence

Over 1,500 inmates escaped during a riot in the high-security Machava prison near in Mozambique’s capital Maputo that left 33 people dead and 15 injured on Wednesday (25 December), according to police general commander Bernardino Rafael. About 1,534 people escaped during the massive prison break, of whom about one tenth have since been recaptured. The […]

Africa Headlines International

Innovative Insect Farming Transforms Zimbabwe’s Agricultural Landscape

Zimbabwean farmers embrace unconventional agricultural methods as climate challenges persist, finding unexpected success in black soldier fly cultivation. This innovative approach transforms community perspectives on insect farming while providing sustainable solutions for livestock feed production. The initiative, supported by international development agencies, demonstrates remarkable economic benefits for participating farmers. Production costs decrease significantly, offering substantial […]

Africa Business Finance International

Zimbabwe Launches Major Debt Resolution Initiative Amid Economic Challenges

Zimbabwe has initiated ambitious plans to address its $12.7 billion external debt through a high-level conference bringing together creditors and finance executives. The meeting, featuring President Emmerson Mnangagwa and African Development Bank leadership, aims to chart a path toward clearing arrears and accessing international capital markets. The nation’s debt burden, representing 81 percent of GDP, […]

Africa Comments Community Features Headlines International

Russia to build spaceports in friendly African states as world powers jostle for influence

Russia has offered to construct spaceports on the territory of friendly African nations, including South Africa, Zimbabwe, and others, just as the competition among the great powers heats up as they jostle over who will control rocket launch sites projects across the continent. Russian state space corporation Roscosmos, which is one of the foreign investors […]

Emerging Markets Headlines International

Zimbabwe hosts international research symposium on sustainable industrialization

Zimbabwe recently held its 13th International Research Symposium, focusing on sustainable industrialization. The event brought together local and international researchers to discuss and present findings on industrial challenges and innovative solutions. The symposium, themed “Embracing Research and Innovation for Sustainable Industrialization,” aimed to align with Zimbabwe’s National Development Strategy 1 and Vision 2030. These national […]

Africa Finance Headlines International

Zimbabwe’s new currency weakened by deepening trade deficit

Zimbabwe’s newly adopted gold-backed currency ZiG has been put to the test of increasing imports that depleted reserves, casting a shadow on the government’s plan to make it the only currency in the country by 2026. The currency was launched in April 2024 in an effort to mitigate monetary instability and hyperinflation that has plagued […]