Africa economy | Fin24

WATCH: Zimbabwe outages plunge businesses into darkness

May 23 2019 10:02

Zimbabwean President Emmerson Mnangagwa promised a 'brighter tomorrow' when he was sworn in, vowing to revive the country's economy. But this week Zimbabwe is firmly in the dark, as it endures the worst power cuts in three years.


      Bleak first quarter of 2019 for Zimbabwe mining firms

      May 23 2019 09:31

      Mining houses in Zimbabwe experienced a poor first quarter of the year as delays and the non-payment of foreign currency earnings by the central bank stifled production.


      'Open for business' Zimbabwe has little to show for $27 billion

      May 22 2019 12:24

      When Emmerson Mnangagwa took over the leadership of Zimbabwe from Robert Mugabe in November 2017, he promised to revive the moribund economy and adopted a mantra he’s repeated regularly ever since - 'Zimbabwe is open for business'.


      Fuel in Zimbabwe will now cost over R20 a litre

      May 21 2019 11:53

      Zimbabwe has announced a massive fuel price hike after the country's central bank said it would no longer provide fuel dealers with funding for petrol and diesel.


      Nigeria keen to join Africa free trade zone, trade minister says

      May 22 2019 05:02

      Nigeria will sign the Africa Continental Free Trade Agreement as soon as President Muhammadu Buhari approves an impact-assessment report he asked for, the country’s trade minister has said.


      Zimbabwe to subsidise public transport as inflation accelerates

      May 21 2019 07:45

      The measure is introduced as the central bank and finance ministry injected $500 million to improve the liquidity of the foreign-exchange interbank market.


      Zimbabwe to supply interbank market with $500m on Monday

      May 19 2019 08:28

      Zimbabwe will supply the interbank foreign exchange market with $500m on Monday as its tries to resuscitate a currency trading system implemented in February that’s been plagued by a lack of liquidity


      Angola is back – African Energy Chamber official

      May 18 2019 14:50

      Reforms Angola has done since 2017 will have implications for decades to come, says the new country head for Angola of the African Energy Chamber.


      New energy minister for Zimbabwe as load shedding continues

      May 15 2019 11:02

      Zimbabwe started implementing load shedding on Monday, given low water levels at the Kariba Dam's hydroelectric power plant, generation constraints at local power stations and limited foreign imports.



      Zim looks to SA's Eskom to help stave off load shedding

      May 12 2019 15:02

      Zimbabwe will turn to electricity imports from South Africa and Mozambique to ensure that the country does not resort to load shedding following a significant reduction of power generation from its anchor power station Kariba Dam.

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