Search results for 'Climate Change'
Zimbabwe
Drought Dries Up Zim's Economic Hopes: GDP Downgraded to 2%

Zimbabwe's economic growth forecast for 2024 has been slashed to 2%, down from the initial projections of 3.6%. This downward revision is primarily due to the impact of the ongoing drought in the regi

May 31, 2024
Companies
Seed Co Leverages Poor Sales with Exports, Introduces New Resistant Varieties

Seed Co Zimbabwe, the largest operating seed company, has leveraged increased export sales of maize seed in 2023 to offset the impact of recurring El Niño-induced drought spells that affected local ma

Jul 03, 2024
Zimbabwe
Technical Glitch at Hwange Unit 8 Deepens Electricity Crisis

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

Aug 26, 2024
Zimbabwe
Zimbabwe Bans Unleaded Petrol: A Move Towards Sustainable Biofuels

The government has announced a ban on the sale of unleaded petrol, mandating that all petrol be blended with ethanol. This regulation, effective next week, is a pivotal step in the country’s energy s

Aug 30, 2024
Companies
Dual Challenge, Single Solution: Old Mutual Launches US$100 Million Renewable Energy Fund

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

Sep 24, 2024
Zimbabwe
Power and Panic: Kariba Dam's Water Levels Drops Below 5%

As November 2024 unfolds, Zimbabwe faces alarming news regarding the dwindling water levels at Kariba Dam, a critical resource for the nation's energy supply. The lake level has dropped to 476.14 m,

Nov 02, 2024
Zimbabwe
ZPC Gives Update on Nationwide Blackouts: What’s Went Wrong, What’s next?

Zimbabwe Power Company (ZPC) has attributed the nationwide blackouts experienced yesterday in the country to a system disturbance. The disturbance resulted in a complete loss of power supply, but ‘mo

Nov 25, 2024
World
Drought Threatens Regional Power Supply: What Lake Cahora Bassa's Water Level Erosion Means for Zimbabwe

Zimbabwe's struggles with power challenges have extended beyond its borders, affecting one of its key electricity import sources. The Cahora Bassa dam in Mozambique's Tete province has reached a crit

Dec 17, 2024

Top Stories

A Looming Dark Christmas: Zimbabwe's Power Sector in Shambles

Zimbabwe is likely to face a dark festive season due to persistent power outages. The continued nationwide blackouts and inadequate power generation, which fails to meet demand, support this predicti

Dec 18, 2024

Zimbabwe Achieves Wheat Self-Sufficiency Setting New Record: A Closer Look

Zimbabwe's agricultural sector has achieved a landmark milestone, with the country's wheat harvest reaching an unprecedented 563,961 metric tons (MT) as of the latest update. This is according to the

Dec 18, 2024

Drought Threatens Regional Power Supply: What Lake Cahora Bassa's Water Level Erosion Means for Zimbabwe

Zimbabwe's struggles with power challenges have extended beyond its borders, affecting one of its key electricity import sources. The Cahora Bassa dam in Mozambique's Tete province has reached a crit

Dec 17, 2024

Tanganda Returns to Profitability as Avocado ,Tea Booms

Tanganda Tea, a company listed on the Zimbabwe Stock Exchange (ZSE), has made a remarkable turnaround, recording a profit after tax of USD1.4 million for the year ended 30 September 2024. This is a si

Dec 16, 2024

Zimbabwe's Power Supply Plummets to Lowest Level in Over 12 Months

Zimbabwe's power generation has plummeted to its lowest level in over 12 months, with daily electricity production hitting a dismal 736 MW on December 16. This marks a new low for 2024, surpassing the

Dec 16, 2024

Zimbabwe’s Electricity Import Bill Jumps 45% in Q3

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

Dec 16, 2024

Government Seeks Bigger Slice of Mining Pie: Is the 26% Proposed Stake Feasible?

Last week, in an interview with global media outlet Bloomberg, the government hinted at plans to introduce a 26% shareholding in all future mining projects and also negotiate with the already settled

Dec 16, 2024

28 Zimbabwe-Linked Gold Mafia Members Placed on U.S. Sanctions

The United States and United Kingdom have imposed stringent sanctions on individuals implicated in gold smuggling and money laundering operation based in Zimbabwe, effective December 9, 2024.

Dec 10, 2024