Category: Zimbabwe

Zimbabwe STARTS regional power exports, mainly to neighbour Namibia

ZIMBABWE has started exporting electricity to regional countries especially Namibia, buoyed by increased production at the Kariba Power Station which came into life in March last year.

President Mnangagwa commissioned Unit 7 and 8, which were constructed at a cost of $531 million by China’s Sinohydro, resulting in an additional 300MW into the national grid. The Zimbabwe Power Company (ZPC) has confirmed that the new project has resulted in the country generating above target and exporting the excess power to NamPower, Namibia’s power utility company.

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Zimbabwe banks on interbank market for readmission into Standards and Poor’s Jones Indices (S&P DJI)

Programme launched to reform and strengthen Zimbabwe’s capital market

Harare – Zimbabwe is looking for readmission into the Standards and Poor’s Jones Indices (S&P DJI) also known as S&P African indices, as it puts hope on foreign currency allocation from the interbank foreign exchange market|Raynold Mhotseka, EQUITY AXIS||

Mugabe ‘lost $1m in stolen briefcase’?

Nearly $1m (£914,000) in cash was stolen from a briefcase belonging to Zimbabwe’s former President Robert Mugabe, the state-owned Herald newspaper reports.

Three people appeared in court earlier this month accused of stealing a suitcase containing $150,000.

But according to “updated court documents” seen by the Herald, Mr Mugabe says he lost much more.

Mr Mugabe, now 94, was forced out of office by Zimbabwe’s military in 2017.

Up to that point, he had been in power for 37 years, first as prime minister and later as president.

A big birthday for West Texas Big Bend National Park

Big Bend is home 1,200 species of plants, over 450 species of birds, 75 species of mammals and 56 species of reptiles. (We’re not sure how many of those are snakes, if you’re wondering.)

Because of its remote location, Big Bend also has among the darkest skies ever measured in the contiguous US. So tonight, the only light you’ll likely see is the glow from 75 birthday candles – and a few million stars.

Zimbabwe Secures US$500 Million Afreximbank Loan Against Platinum Mining Collateral

Zimbabwe secured a $500 million loan from the African Export-Import Bank to try and stabilize its currency market by offering platinum production as collateral, a person familiar with the details of the agreement said.

Country’s central bank said it secured $500 million loan
Loan will be used to stabilize’s Zimbabwe’s currency market
The Southern African country secured a $500 million loan from the African Export-Import Bank to stabilize its tottering currency market by offering platinum production as collateral, sources say.