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 is currently struggling with power blackouts due to recurring drought spells that are hindering power production at Kariba Dam. As of August 19, 2024, water levels have plummeted to a critica

Zambia is grappling with critical power shortages, as citizens are set to receive electricity for only 3 hours per day on a rotational basis. This drastic reduction follows a significant drop in wate

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

NMB Bank's non-performing loan (NPL) ratio rose to 1.2% in the first half of 2024, up from 1.1% at the end of 2023. This increase, coupled with the recalibration of the local currency book following

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

National Foods, the country's leading food producer, achieved a remarkable milestone, surpassing the US$100 million mark in just three months of FY2025 (Q1), despite challenges posed by power outages

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 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

Zambia's annual inflation rate has soared for the 17th consecutive month, reaching 16.5% in November 2024, up from 15.7% in October. This escalation marks the highest inflation rate since November 20

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

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

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

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

The ZSE’s most valued company and the country’s biggest beverages maker Delta has released a trading update for the 3 months period to December 2024 painting a very dull picture on performance, one of

NamPak Zimbabwe Limited experienced a challenging fiscal year in 2024, with only one of its operating units recording sales growth amidst a difficult economic and operational environment. The company

In 2024, Zimbabwe not only achieved but exceeded its gold production target, reaching an impressive 36.48 tonnes, surpassing the initial goal of 35 tonnes. This milestone marks a historic high for the

Lake Kariba water levels  has gradually risen to 6.17% as of 3rd February 2025 from 3.09% in early January , attributed to intensified rainfall activity on and around the lake according to the Zambezi