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GE wins bid to build $4bn Zambia-Zimbabwe hydropower plant

By: Bloomberg     21st June 2019 Zimbabwe and Zambia chose General Electric (GE) and Power Construction Corporation of China to build a $4-billion hydropower project straddling their border, Zimbabwean President Emmerson Mnangagwa said. The 2 400 MW Batoka Gorge plant has been planned for years by the two southern African... 

Zimbabwe awards platinum concession to firm linked to Nigerian billionaire

By: Reuters     23rd May 2019 Zimbabwe has awarded a concession to explore for and mine platinum to a company linked to a Nigerian billionaire as the country speeds up investment in a mining sector it hopes will transform the country's struggling economy. The concession comes just over a year after President Emmerson... 

Zimbabwe to subsidise public transport as inflation jumps

By: Bloomberg     21st May 2019 Zimbabwe will subsidise public transport and cut fuel duties by more than half as it tries to ease the impact of rampant inflation on its poorest citizens, according to Finance Secretary George Guvamatanga. The support will cost about $8-million a month, Guvamatanga said by phone on Monday. “A... 

Mnangagwa gets rid of Energy Minister amid power cuts, fuel crisis

By: African News Agency      15th May 2019 President Emmerson Mnangagwa on Tuesday night dropped energy and power development minister, Joram Gumbo, amid crippling fuel shortages and power cuts that have rocked Zimbabwe. Gumbo was has been moved to the less prominent portfolio of minister of state for presidential affairs. 

Military stake stymies $4bn Zimbabwe platinum project  

By: Bloomberg     15th May 2019 A plan to build Zimbabwe’s biggest platinum mine at a cost of about $4-billion is floundering because a military stake in the project has deterred potential backers, according to people familiar with the funding discussions. The African Export-Import Bank has the mandate to raise money for the... 

Zimbabwe starts rolling power cuts, hitting mines, industry

By: Reuters     13th May 2019 Zimbabwe has started rolling power cuts lasting up to eight hours that will also hit mines, a schedule from the State power utility showed on Monday, after reduced output at both the largest hydropower plant and ageing coal-fired generators. The power cuts will add to mounting public anger... 

China's Tsingshan expands plans for Zimbabwe steel plant

By: Reuters     24th April 2019 China's Tsingshan Holding Group has expanded its plans for a steel plant in Zimbabwe to include a power plant and a lithium concession, Zimbabwe's Mines Minister Winston Chitando said on Tuesday. President Emmerson Mnangagwa's government is trying to woo foreign investors, especially in mining,... 

Zimbabwe attracts two new investors to develop platinum mining projects 

By: Reuters     17th April 2019 Zimbabwe will in coming weeks name two new investors who will develop separate platinum mining projects west of the capital as the country ramps up mining output in an attempt to ease a severe dollar shortage, the mines minister said on Wednesday The southern African nation has the second largest... 

Zimbabwe's currency reforms aren't sufficient, miners say

By: Bloomberg     10th April 2019 Zimbabwe’s currency reforms have not gone far enough and complete liberalization is needed to end a critical shortage of foreign exchange that is hampering business, senior executives from the nation’s mining industry said. The southern African country began formal trading in February of what’s... 

Zimbabwe to start paying white farmers compensation after April

By: Reuters     8th April 2019 Zimbabwe is to start paying compensation this year to thousands of white farmers who lost land under former President Robert Mugabe's land reform nearly two decades ago, the government said, as it seeks to bring closure to a highly divisive issue. Two decades ago Mugabe's government carried out... 

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