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...
Zimbabwe’s power utility says the rolling power cuts the country is facing have been caused by low water levels at Kariba. This is true, but it is only part of the story. The bigger story is how...
When the fuel crisis escalated last January, President Emmerson Mnangagwa was forced to announce a 150% price increase. Amid the outrage and riots which followed, one important detail went largely unnoticed: about 70% of...
Sable Chemicals and Invictus Energy have signed a Memorandum of Understanding (MoU) that could see the supply of natural gas to Zimbabwe's sole ammonium nitrate producer, should a commercial gas discovery be confirmed at Invictus’ Cabora Bassa...
RioZim says it has has signed outline agreements with funders for the long-delayed 2800MW Sengwa Power Project, and plans to begin work on the first phase within 12 months. In its annual results...
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