Zimbabwe is inviting bids for the installation of 500MW of solar power plants, hoping a shift to renewable energy will help ease crippling power cuts. The country has faced power cuts of up to...
Zimbabwean private equity fund Mangwana Opportunities, backed by businessmen Joe Mutizwa and Ted Galante, has taken up shares in Invictus Energy in a placement worth US$287,000. Funds raised from the transaction will be used...
The Africa Export-Import Bank (Afreximbank) is to arrange and manage a US$143 million project finance debt facility for Prospect Resources, and has agreed to fund and hold US$75 million of the arrangement to fund development of Zimbabwe’s Arcadia lithium mine....
As power supply becomes more erratic, Zimbabwe's miners, among the country's largest consumers of electricity, are deepening their investments in solar energy. Caledonia Mining is inviting bidders to build a 20MW solar farm...
By Thomas Zvirekwi Zimbabwe aspires to be an upper middle income economy by 2030. To support such an economy, the country needs 11,000MW of power, which translates to a requirement of an additional 1,000MW every year...
For five years, the Zimbabwe government was avoided power shortages by at times borrowing from central bank and then using the money to buy forex for electricity imports. This admission by central bank governor...
One Gas Resources, the exploration partner of Invictus Energy in Zimbabwe’s Muzarabani district, expects drilling to begin in the second half of next year, targeting an estimated 1.3 billion barrels of oil equivalent and about 9.25 trillion...
Zimbabwe owes US$200 million to foreign fuel suppliers, making new imports difficult as the companies require cash up front, Energy Minister Fortune Chasi and central bank governor John Mangudya have said.  Zimbabwe is facing...
Zimbabwe has budgeted to spend the equivalent of US$8 million per month to sustain its new plan to halve fuel duties and bus fares, according to Finance Permanent Secretary George Guvamatanga. Fuel prices...
Zimbabwe needs to raise US$80 million to clear arrears with its regional electricity suppliers before it can ramp up imports to ease a critical power shortage.  Currently, the country can only import up to...
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