Tag: Zimbabwe
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Eight African countries make top 10 diamond-producing countries globally
Eight African nations secured positions within the top ten diamond-producing countries worldwide in 2023, highlighting Africa’s significant contribution to the global diamond industry. Africa is renowned for its wealth in valuable minerals essential for economic development, such as gold, copper, and platinum. The continent holds about 30% of the world’s total mineral reserves, impacting various…
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Zimbabwe’s Vision 2030: Over 7,000 infrastructure projects completed, thousands of jobs created since 2017
According to Information Minister Dr. Jenfan Muswere, these infrastructure developments, which include roads, clinics, schools and dams such as the Muchekeranwa Dam in Chivhu, are in line with President Emmerson Mnangagwa’s Vision 2030, the country’s long-term strategy to become an empowered upper-middle-income society. This progress is also reflected in the National Development Strategy 1, which…
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Zimbabwe Farmers Struggle Against Illegal Mining and Climate Change
Small holder farmers in rural Gwanda, a region in Zimbabwe that borders South Africa, have been affected by a double shock – a combination of heat, droughts and floods caused by climate change, and water contamination and damaged land caused by illegal, small-scale mining. Droughts in Gwanda have significantly affected rural farmers and increased over…
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Belarus redirects tractor exports to Africa: Are African countries interested in Belarusian agricultural machinery?
Belarus, one of the world’s leading tractor manufacturing countries, recently announced plans to redirect its agricultural machinery exports to the African continent after the European Union blocked tractor imports from the Eastern European country on July 1. However, EU restrictions were not the only factor behind the Belarusian government’s decision to shift exports to African…
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More than 40% of the world’s countries support de-dollarization
Almost half of the world’s countries have already declared a boycott of the dollar to a greater or lesser extent. Since the beginning of this year, according to Sputnik’s analysis, six more countries have set foot on the path of de-dollarization. All the countries can be roughly divided into three groups: The first and largest…
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Zimbabwe launches long-awaited hearings for Gukurahundi massacre reconciliation
This initiative, launched by President Emmerson Mnangagwa, aims to address the lingering pain and grievances stemming from the brutal killings of tens of thousands of civilians by government troops in the 1980s. The process will involve a series of hearings where survivors will share their experiences and their opinion on how they want the Gukurahundi…
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Desperate Zimbabweans cross Zambia border for cheaper healthcare, medicines
With essential drugs and specialised care expensive or unavailable, poor Zimbabweans opt to travel long distances to seek treatment. At 5pm at the Victoria Falls border post, Margaret – who has a 24-hour day pass to be in Zambia – is in a rush to return home to Zimbabwe before dusk. This is not the…
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Zimbabwe must use the ZiG to “break free from the US dollar grip” and thrive economically, official says
Using the ZiG as legal money will boost economic sovereignty and eliminate foreign currency dependency, Information Secretary Nick Mangwana said in an opinion piece published in the local newspaper. “The benefits of de-dollarization far outweigh the costs, making it an urgent imperative for Zimbabwe to break free from the US dollar’s grip,” he said.”The US…
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Lower growth forecast for Zimbabwe as drought ravages crop yields
Zimbabwe has revised its economic growth forecast downwards as southern Africa’s worst drought in decades ravages crop yields, its finance minister told on Wednesday, but a bounceback in growth is likely in 2025.Finance Minister Mthuli Ncube said economic growth is forecast at 2% for 2024, down from 3.5% forecast in November, due to an El…
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Zimbabwean company takes steps toward lithium battery production, embracing value addition
In a move that aligns with President Emmerson Mnangagwa’s call for value addition and beneficiation of the country’s vast mineral resources, local company Verify Engineering has ventured into lithium battery production. Zimbabwe, boasting Africa’s largest lithium reserves, recently banned raw lithium exports, citing losses of US$1.8 billion due to smuggling. Verify Engineering, a state-owned company…
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