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THE European Union (EU) has released nearly US$4 million in emergency aid to assist victims of Cyclone Idai in Zimbabwe, Mozambique and Malawi, with the United Nations (UN) saying the disaster may be the worst ever to strike the southern hemisphere.
Finance Minister Mthuli Ncube expects to raise US$350 million from selling majority shares in state-owned telecoms assets, a plan that includes selling fixed line and internet provider TelOne and mobile operator NetOne as a single entity.
HARARE, August 7 (The Source/EA News) – Econet Wireless is now the most valued counter on the Zimbabwe Stock Exchange at $3,2 billion after Class A shares held by the majority shareholder Econet Wireless Global (EWG) were integrated to the free-float on the local bourse.
Cypriot miner Karo Resources on Tuesday broke ground on its $4,2 billion platinum mining and refinery operation in Zimbabwe, an investment which President Emmerson Mnangagwa said showed the country’s readiness to open up for foreign investment.
This is travel and tourism in a criminal way. China wanting to be a leader in global travel and tourism is becoming a leader of cynical behavior ignoring what they had agreed to protect. 31 wild elephants recently captured in Hwange National Park in Zimbabwe have been airfreighted abroad, according to Zimbabwean government sources official who has asked to remain anonymous for fear of reprisal.
The German government is set to invest US $86.2m in Zambia’s energy sector for its development. This is after every stakeholder in the Zambian economy agreed on the need to prioritize energy development.