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Zimbabwe

Zimbabwe: Gov’t asks big mines to cut down power by 25%

October 8, 2015 Geraldine Boechat 0

Zimbabwe’s government has asked Impala Platinum Holdings Ltd., Anglo American Platinum Ltd. and other mining companies to reduce power usage by 25 percent amid a […]

Zimbabwe: Poachers kill 14 elephants with cyanide

October 7, 2015 Khalid Al Mouahidi 0

Suspected poachers have used cyanide to kill 14 elephants in Zimbabwe’s western Hwange national park and in the north since Sept. 26, the national wildlife […]

U.S. allocates additional $300 Mln to fight HIV in Africa

September 28, 2015 Khalid Al Mouahidi 0

The Obama administration is allocating an additional $300m to the effort to reduce HIV infection among girls and young women in 10 sub-Saharan African countries. […]

Zimbabwe: Mugabe delivers wrong speech to MPs, opposition questions his mental health

September 16, 2015 Geraldine Boechat 0

Zimbabwe’s President Robert Mugabe read out the wrong speech at the opening session of parliament on Tuesday, apparently unaware that he was delivering the same […]

Zimbabwe: IMF forecasts lower growth after exports dropped

September 9, 2015 Geraldine Boechat 0

The International Monetary Fund (IMF) on Wednesday lowered Zimbabwe’s growth forecast for this year to 1.5 percent from 2.8 percent, blaming lower commodity exports of […]

UN: “There is no way that Zimbabwe could introduce the local currency”

July 1, 2015 Khalid Al Mouahidi 0

The United Nations says Zimbabwe is unlikely to have its own currency in the next five years, after it dumped its inflationary ravaged dollar in […]

India’s M&M looks to maintain double-digit growth in Africa

July 1, 2015 Khalid Al Mouahidi 0

India’s largest utility and tractor producer, Mahindra and Mahindra or M&M, has set up an Africa-focused business unit as it looks to maintain double-digit growth […]

Zimbabwe: Companies’ tax arrears hit $ 1 Bln, Tax Agency

June 26, 2015 Geraldine Boechat 0

Zimbabwe’s companies and businesses owe more than $1 billion in tax arrears to the government, the Zimbabwe Revenue Authority said on June 25. Some of […]

China Development Bank lends $ 2 billion to Transnet group

June 8, 2015 Geraldine Boechat 0

The South African logistics group Transnet announced it had obtained a loan of 30 billion rand ($ 2 billion) from the China Development Bank to […]

Equity Bank to open office in DR Congo

May 27, 2015 Steven Addamah 0

Leading kenyan commercial bank, Equity Bank plans to expand to Congo. The Bank’s banking group has announced that it would soon open office in DR […]

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