Due to low water levels and insufficient ability to generate enough electricity to fulfil demand, Zambia now has a deficit of electricity. To prevent a power catastrophe, according to Hichilema, the n

Ariston Holdings, a prominent agricultural Group, has successfully concluded a solar project commissioned in July to mitigate the impact of power challenges on production costs and output. The decisio

For the six-month period ending June 30th, 2023, CEC reported revenues of USD 186.6 million, a 2% increase from the previous year, primarily attributed to regional and local power sales growth. The co

Proplastics Limited Zimbabwe has set its sights on installing a significant solar generation project. The main objectives of this endeavour are to increase the availability of power supply, reduce ope

Harare - Ariston Holdings Limited faced a formidable challenge as its loss position widened to a staggering ZWL$33 billion in the full year that ended on September 30, 2023, compared to a loss of ZWL$

ively leveraged internally generated foreign currency to address its foreign obligations, streamline internal operations, and reduce its gearing ratio. Despite the persistently unreliable foreign curr

Shumba Energy Ltd, a Botswana-based energy development company listed on the Botswana Stock Exchange, has announced steady progress towards financial closure for its flagship Tati Solar PV Project. Th

In its latest quarterly market update for the period ended 30 June 2024, Shumba Energy Ltd., an energy development company based in Botswana, has provided an in-depth look into its ongoing projects an

imbabwe is teetering on the precipice of a catastrophic power crisis, with the situation at the Kariba Dam reaching a terrifying nadir. As of August 19th, 2024, water levels have plummeted to a criti

In a significant stride towards energy security and sustainability, Zimplats, the largest corporate entity in Zimbabwe, is set to commission its groundbreaking 35MW solar power plant in the first quar

Zimbabwe Electricity Supply Authority (ZESA), says the national power grid is currently facing reduced electricity generation capacity due to a technical challenge that occurred at the Hwange Thermal

Zimbabwe's electricity prospects have taken a hit as Hwange Units 7 and 8 undergo Class C maintenance, a statutory requirement that will take 600 megawatts off the national grid. This is a substantia

As Zimbabwe grapples with an ongoing energy crisis, Old Mutual Zimbabwe has announced the launch of a US$100 million private equity fund aimed at renewable energy investments. With the country strivi

Rising power costs and non-claimable VAT have eroded National Foods' financial gains, highlighting the devastating impact of policy inaction on businesses and low-income households. The company vows t

Grid Africa, a leading renewable energy developer and independent power producer (IPP), has secured a significant equity investment of R50 million from Rifuwo Energy Partners. This funding will accele

Zimbabwe’s largest corporate, Zimbabwe Platinum (Zimplats), has defied the poor global metal prices that have shocked the company’s profitability, primarily due to a decline in PGMs global metal pric

Proplastics, a premier plastics products manufacturer and distributor, reported subdued year-to-date (YTD) results for the nine months ended September 30, 2024. The company experienced a 5% contractio

The mining industry have seen a significant growth with an average of 9% per annum, mainly spared by lithium sector projects and production of iron and steel. According to GlobalData, Zimbabwe is the

Zimbabwe's Minister of Finance, Economic Development and Investment Promotion, Professor Mthuli Ncube, has cut  import duty on electric vehicles (EVs) from 40% to 25%, effective January 2025. This was

The Zimbabwe National Statistics Agency (Zimstat) has revealed a significant 45% uptick in electricity imports, with the country bringing in 611.1 gigawatt-hours (GWh) during the third quarter of 2024