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Sunday, November 28, 2021
Announces discovery of caesium on mining claims located 3km west of ArcadiaCaesium is a catalyst for photoelectric processZimbabwe has the second largest caesium reserves ASX listed lithium and battery minerals company with operations in Zimbabwe through Arcadia Lithium project, Prospect Resources has announced the discovery of caesium from mining...
Government spent ZWL11.1 million in December 2019ZWL26.7 million spent on maize imports in 2019 As Zimbabwe faces a sustained drought conditions, importation of staple diet maize, has equally been scaling up. Over two thirds of the country’s population are reported to be under the risk of hunger.
Africa’s population to double by 2050E-commerce players in AfricaViability of African Instant Messaging endeavors?Africa, a global leader in fintech Africa’s population is expected to roughly double by 2050, adding 1.2 billion people to Africa’s 2019 population of 1.3 billion people. With an internet penetration rate of 35.9%, Africa...
AfDB: Africa lags behind in terms of global digital trendsAfrican digital economy expected to grow to over $300 billion by 2025AfDB: tech education, a must!China’s in-roads in I.T infrastructure development A sneak peek into the African Development Bank’s (AFDB) 2020 outlook shows that Africa lags behind in terms of...
Headline loss expected to narrow by between 17% and 23%The losses are attributed to hyperinflation in Zimbabwe, as well as higher finance costs and taxation The Group is in talks with JSE for the lifting of the suspension of its shares, potentially in the first week of February 2020
Palladium prices rise 25%Palladium demand may ease, shifting demand to platinumZimbabwe is the world’s third largest platinum producer Harare - Palladium has soared over the past two weeks, notching 25% to settle at above $2500 an ounce driven by high demand from car makers.
The latest projection is 0.1 percentage lower than in the October 2019 World Economic Outlook (WEO) for 2020 and 0.2 percentage point weaker for 2021.“This reflects downward revisions for South Africa and for Ethiopia.”South Africa’s economy is seen growing at 0.8% this year, down from a previous forecast for 1.1% growth,...
Mismanagement affects African AirlinesSA government seeks to rescue SAAAir Zim receives new aircraft todayEthiopian Airlines to build US$5 billion airport 2019 goes down in history as a rough year for the global aviation industry. More than 20 airlines closed up shop across the world, with financing woes being a common...
World Bank lists 40 economies with reforms on women empowermentZimbabwe misses mention among top performers globallyZimbabwe in top 5 African list of women economic empowermentMobile money; pivotal to the matrix Zimbabwe’s regulatory environment for women’s economic inclusion has improved over the past two years, but Zimbabwe is missing mention...
France warns the US of EU retaliation on US’s French digital tax responseUNCTAD discourages digital tax in KenyaDigital tax hampers Uganda’s economic growth2% digital tax has affected growth of Zim economy France has warned the US that it will face retaliation from the EU if it tries to impose...