SUGAR exports from Zimbabwe to the United States and regional markets declined 62 percent in the year ended March 2018, due to decreased production and increased local demand, industry giant Tongaat Hulett has reported. South Africa’s Tongaat Hulett dominates Zimbabwe’s...
Power generation at Kariba has been slashed to half of capacity due to falling water levels in the dam. A spokesman for Zambian power utility Zesco, Henry Kapata, says power supply on both sides...
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...
Vivo Energy, the London-listed oils company that holds the Shell brand in Africa, has added Zimbabwe to its list of new markets after the completion of a takeover of Engen assets across the continent. Vivo...
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...
Sardonic Zimbabweans have a joke for every crisis. One of the many crisis-fueled wisecracks goes: What’s the best time to fill up your fuel tank? Answer: “When...
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....
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...
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...
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...
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