Business

US$365 million Zimplats capital projects on course

Harare - The US$365 million Zimplats capital projects in developing the new Mupani Mine and redeveloping the collapsed Bimha Mine are on course, with the Bimha Mine south underground crusher and ore conveyancing system expected to be commissioned in August this year. ...Read More

Namibia not affected by Eskom crisis

Windhoek – Namibia is expected to have sufficient electricity delivery despite the situation in South Africa, where Eskom, which also supplies surplus energy to Namibia, has resumed rotational power cuts to ease pressure on its grid. ...Read More

Botswana, Zambia sign AfCFTA to fast-track access to African markets  

Gaborone - Botswana has welcomed the establishment of an African Continental Free Trade Area (AfCFTA) meant to create one African market by appending its signature at the just-ended Africa Union Summit. ...Read More

Gas findings a game changer for South African economy

Johannesburg - The recent discovery of gas off the southern coast of South Africa is seen as a great step for the country which still relies on imports of oil and gas despite great reserves believed to be in its soil and waters. ...Read More

Zambia sets up sinking fund to avoid Eurobond default

Lusaka - Zambia has set aside US$10 million in readiness to service over US$3 billion in debt secured in Eurobonds from foreign capital markets for infrastructure development ahead of the due dates commencing in the next three years, Margaret Mwanakatwe, the finance minister has disclosed. ...Read More

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