Premier African Minerals to raise £1.2m for Zimbabwe project
London-listed Premier African Minerals has completed a subscription to raise about £1.2-million before expenses through the issue of 27.52-billion new ordinary shares of nil par value in the capital of the company at an issue price of 0.00436p per new ordinary share.
UN steps in to help Zimbabwe, five other countries get more value from critical minerals
The United Nations has selected six countries, including Zimbabwe, for a new programme to help them extract more value from their critical minerals that are becoming increasingly important to the global energy transition.
Zimbabwe secures funding for multi-million dollar border upgrade with Zambia
Zimbabwe has secured a funding deal for the upgrade and mordenisation of the Chirundu Border Post with Zambia.
New luxury buildings transform Zimbabwe’s skyline
After decades-long stagnation, the skyline of Harare, Zimbabwe’s capital, is undergoing significant transformation, creating a new panorama, as foreign investor confidence in the southern African country grows, and new businesses open.
Tharisa seals $300m funding for Zimbabwe platinum project
Tharisa has secured the $300m bond needed to complete its Karo Platinum project in Zimbabwe, removing uncertainty over how it would fund the remaining cost of the $545m mine.
World Bank warns Zimbabwe against rush to make ZiG sole currency
The World Bank cautioned Zimbabwe against rushing to end the use of dollars in the economy as it could trigger capital flight.
Decisive, coordinated policy can unlock 230,000 new jobs for Zimbabwe: World Bank
Zimbabwe can create 230 000 new jobs in the next 14 years by making “decisive and coordinated” policies, and leveraging the prevailing macroeconomic stability to accelerate growth, the World Bank Group said.
Lithium miners post big profits as battery storage demand surges
Chile’s SQM raised its production guidance for this year, while China’s Chengxin Lithium Group Co. unveiled plans to spend more than $476 million building lithium-sulfate plants in Zimbabwe and Nigeria.
Zimbabwe sheds ‘fragile economy’ label
The World Bank has delisted Zimbabwe from the fragile and conflict-affected economies, a move the country embraced saying it “reinforces the positive narrative around its economic and institutional reform trajectory”.
Citigroup sees Zimbabwe economy turning around
Zimbabwe, once a poster child of triple-digit inflation, currency crashes and printing money, is breaking with its past as an economic turnaround takes hold, according to Citigroup Inc.