Renewable energy firm Centragrid, which became only the second Zimbabwean company to feed solar energy into the national grid last year, plans to upgrade its Nyabira plant to 25 megawatts by October 2021.
The plant, built by China’s Sinohydro 35...
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...
