Windhoek – The town of Usakos, some 180 kilometres from Walvis Bay on the western coast of Namibia, has teamed up with MDL International and foreign financiers to develop an oil storage facility that could store over 200 million litres of fuel to be distributed to markets in the Southern African region. ...Read More

Gaborone –Australian miner Kimberly Diamonds on Monday disclosed that its Lerala Diamond Mine in Botswana will be auctioned online on May 30 this year. ...Read More

The International Monetary Fund (IMF) says it expects Zimbabwe’s economy to grow by 2,4 percent with further growth projected after the country’s elections to be held in July or August this year. ...Read More

Small-scale gold miners produced 4,264 killogrammes of gold compared to primary gold producers who produced 3,044 killogrammes in the first quarter of the year, a development that shows that small scale miners play a major role towards the country’s gold output. ...Read More

Kuda Bwititi The world’s largest producer of stainless steel, Tsingshan Steel of China, is angling to set up a US$4 billion plant in Zimbabwe in what could become the largest stainless steel processing plant in Africa. Tsingshan is already operating in Zimbabwe through its chrome mining concern, Afro Chine, but it now plans to expand operations after its chairman Xiang Guangda met President Emmerson Mnangagwa during the latter’s state visit to China recently. ...Read More