Zimbabwe’s central bank has injected US$190 million into the foreign exchange market to meet demand for dollars and maintain economic stability since the introduction of a new bullion-backed currency, a monetary policy committee member said.
It reads like a script from a B-grade spy movie, but a new disclosure sheds light into the world of US intelligence in Africa. According to US documents, an American government official in Harare working for USAID...
Battery storage and a deal with India's Jindal to repair six aged plants at Hwange are part of Zimbabwe's long-term measures to plug a worsening power deficit.
The Hwange power plant hit rare production...
In 2018, Unilever opened a new Royco plant in Harare and its Africa VP Bruno Witvoet said “we have been in Zimbabwe for the last 75 years and believe in the country’s future. Our confidence is very...
SADC leaders are backing Zambia’s Samuel Maimbo to take over as President of the African Development Bank, in a battle between key African economic regions to control the key institution.
Maimbo, a World Bank...
Cluster property projects are booming in Harare, as developers and building suppliers cash in on strong demand. But a group of Harare residents wants it to stop, worried by the pressure on the city's decaying infrastructure. ...
The Arab Bank for Economic Development in Africa, or Badea, is making billions of dollars of funding available to nations in the south of the continent to help promote integration and industrialisation, the lender’s president said.
The Tigere Property Fund will increase net asset value by over 50% and give investors a 25% bump in earnings if unitholders agree to add Highland Park Phase 2 to its portfolio.
Tigere was...
Zambia has agreed to reopen its border with the Democratic Republic of the Congo, but the weekend shutdown has again laid bare the fragility of trade routes and agreements in the SADC region.
The...
South Africa says it has no authority to tell the Southern African Development Community (SADC) to switch the venue of this week’s summit from Harare, despite the host facing criticism over opposition arrests.
Ronald...
