Africa Must Deepen Domestic Financial Markets to Achieve SDGs

GABORONE, Botswana, (ECA) – Africa's journey towards meeting the Sustainable Development Goals (SDGs) hinges on developing effective domestic financial markets that provide affordable finance. This critical issue will take center stage at the 27th...

Africa’s Agenda at Cop29

BAKU, Azerbaijan  (ECA) -The African Group of Negotiators and leaders came to COP29 with a bold call for equitable climate finance, stronger global partnerships, and urgent action to address the climate crisis. Their message...

Tiger Wheel and Tyre commissions new retreading plant

Talkmore Gandiwa/Pride Mzarabani HARARE - Tiger Wheel and Tyre has commissioned a state-of-the-art tyre retreading plant which is set to increase production capacity to 5 000 tyres per month. Speaking at the commissioning on Monday, Industry...

Zim executive on Time’s 100 Climate Leaders list

Farai Mabeza HARARE - The chief executive officer of African Risk Capacity Limited (ARC Ltd), Lesley Ndlovu, a Zimbabwean, has been selected as one of Time Magazine’s 100 Most Influential Climate Leaders in Business for 2024. ARC...

Seed Co R & D annual spend on parent seeds currently at US$10m

Talkmore Gandiwa/Pride Mzarabani Seed Co Limited said it is spending approximately US$10 million annually on research and development work for parent seeds. The company has been investing in new technology as the company introduces drought-tolerant...

Pambili exploring Golden Valley Mine potential

HARARE —Canadian-listed Pambili Natural Resources Corporation says it is conducting a planned six-hole drilling programme at GVM with the objective of identifying a gold resource it can rapidly bring into production. The company re-started gold...

Battle for the Streets: Tuck Shops Edge Out Zimbabwe’s Supermarkets as Economic Strains Deepen

by Kovedzayi Takawira Harare - It's a scene of chaos and movement, with everyone eager to retreat to the places they had left in the early morning. Commuter omnibuses and pirate taxis crowd the intersection of...

NMB secures US$25m multi-product facility from Proparco

Itai Ndongwe HARARE - NMB Bank Zimbabwe Limited has secured a multi-product facility from Proparco, which includes a USD15 million credit line, a USD5 million EURIZ portfolio guarantee, and a USD5 million trade finance guarantee,...

Zim, EU sign US$80m financing deals

Pride Mzarabani/Itai Ndongwe HARARE - The Zimbabwean government and the European Union have signed four financial agreements totalling 75 million euros (more than US$80 million) to support the country's development. These agreements reinforce the EU's commitment...

UK appeal court rules out immunity defence to ICSID awards for Zimbabwe, Spain

HARARE (FinX) - The Court of Appeal of England and Wales has affirmed that states cannot rely on sovereign immunity to oppose the registration of ICSID awards rendered against them – dismissing appeals lodged...