Kibo Energy, the UK renewables developer, says it has dropped its interest to acquire the 100MW Victoria Falls solar park, citing incomplete information from the project's current owners.
The company had said in March...
French energy giant Électricité de France (EDF) is buying 50% of the South African operations of Distributed Power Africa (DPA), a unit of Econet’s Cassava Technologies, hoping to take advantage of worsening power shortages there.
Kuvimba Mining House says it plans to list two more units on the Victoria Falls Stock Exchange and is exploring lithium at Sandawana, once an emerald mine.
Kuvimba is majority-owned by government and...
Huayou Cobalt, the company that has bought the Arcadia lithium mine from Prospect Resources, says it has budgeted US$300 million to bring the project to production.
The company bought Arcadia for US$422 million in...
Hwange Colliery says coal production rose 49.5% last year, and the company has laid out a plan to mine more coal this year.
The plan includes a US$15 million deal with an equipment...
Sinomine, the Chinese lithium company that is buying Bikita Minerals, says it plans to invest an initial US$200 million to build a new plant and expand existing operations.
Bikita is Zimbabwe’s oldest miner of...
Rising inflation at home and abroad may slow down Zimbabwe’s construction programs, one of the companies involved in the infrastructure rollout warns.
Masimba, which has contracts from both government and from large private sector...
Lithium developers around the world are rushing to secure supplies of lithium, as demand for electric vehicles drives up prices. Last year, lithium prices rose 400% in China, the largest consumer of the product. This has driven...
The CZI has just released its latest report on how Zimbabwe’s manufacturing sector performed in 2021.
The Good News
Capacity utilisation rose to 56.25%. This is the highest level since 2012....
The government sees its increased infrastructure spending as one of its successes, but one of the country's biggest business groups blames it for rising inflation and currency instability.
Announcing a raft of new...
