Africa Asia Business Emerging Markets Headlines International

South Korea seeks to expand diplomatic, trade ties with Africa

South Korea’s recent announcement of the opening of new diplomatic missions in several African nations signals that Seoul aims to commit more resources to a continent that is widely seen as home to some of the world’s fastest-growing markets, according to experts. When the South Korean government on 7 November announced plans to open 10 […]

Africa Energy Headlines International

Africa’s lithium mining boom risks fueling corruption and failing citizens — Global Witness

The new rush for lithium — sometimes referred to as ‘white gold’ — in Africa risks fueling corruption and harming local communities and the environment, according to a latest study by UK-based nonprofit Global Witness that investigated three emerging lithium mines in Zimbabwe, Namibia and Democratic Republic of Congo (DRC). The study has found that […]

Africa Energy Headlines International

Africa’s critical mineral value chains need to be enhanced to realize their full potential — experts

While Africa’s critical mineral reserves and mineral industry are possibly the largest in the world, if African countries are to harness the full potential of these essential resources, local and sustainable value chains must be established, according to experts. Home to 30% of the world’s mineral reserves — found in abundance in South Africa, Zimbabwe, […]

Africa Headlines International

Joint Zambia-Zimbabwe $5bn dam project near Victoria Falls approved by UN agency

A UN agency has given Zambia and Zimbabwe permission to build a $5 billion hydropower dam downstream from Victoria Falls, a UNESCO World Heritage Site, according to the authority overseeing its construction. Environmentalists have protested the 2,400-megawatt Batoka Gorge project, which is located 47 kilometers from the world’s largest waterfall, saying it would have a […]

Africa Business Emerging Markets Headlines International

AfCFTA to boost remittances by making cross-border transactions cheaper

The African Continental Free Trade Area (AfCFTA) has potential to increase cross-border remittances by migrants, according to a new report by World Bank, even as international markets remain the largest sources. The AfCFTA has the potential to make cross-border transactions such as remittance transfers by migrants within Africa cheaper through the Pan-African Payment and Settlement […]

Africa Headlines International

UN chief concerned about situation in Zimbabwe after election marred by irregularities

UN chief Antonio Guterres has raised concern about the situation in Zimbabwe, where tensions are rising after a disputed election, with critics inside and outside the southern African country criticized the re-election of incumbent President Emmerson Mnangagwa does not appear to reflect the will of the people. Mnangagwa was reelected with 52.6% of the vote, […]

Africa Headlines International

Zimbabwe: Opposition leader claims presidential victory

On Sunday August 27, 2023, the leader of Zimbabwe’s opposition, Nelson Chamisa, challenged the re-election of outgoing President Emmerson Mnangagwa, officially announced the day before, and claimed victory, following an election with numerous shortcomings, the regularity of which has been called into question. “We won this election. We are the leaders. We are even surprised […]

Africa Headlines International

Zimbabwe at crossroads: stakes will be high in country’s upcoming elections

When six million registered Zimbabwean voters go to the polls this Wednesday (23 August), they will choose the country’s next president from a dozen candidates, who are expected to tackle multiple issues at stake including Zimbabwe’s long-running economic woes. While a dozen candidates are vying for the presidency, the main contest is between incumbent Emmerson […]

Africa Asia Business Emerging Markets International

Zimbabwe could become world’s No. 5 lithium producer, buoyed by $1bn Chinese investment

After spending more than US$1 billion to acquire mining sites in Zimbabwe over the past two years, massive Chinese investment could help catapult Zimbabwe to become the world’s fifth biggest primary producer of the material that’s vital to battery electric vehicles and the green revolution, mining consultancy CRU said. The investments by Chinese companies, including […]

Africa Headlines International

Zimbabwe: 11 candidates gear up for crucial general election in August

Zimbabwe’s presidential elections due to be held on 23 August will be contested by a total of 11 candidates, but according to analysts, it will be a race between incumbent Emmerson Mnangagwa and the main opposition leader Nelson Chamisa. Campaigns are in full swing in Zimbabwe as political parties gear up for a general election […]