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World
Biden talks green energy as Eskom CEO quits amidst blackouts surge

Biden also said the money would be spent helping "develop cutting-edge energy solutions like clean hydrogen, a deal worth $2 billion to build solar energy projects in Angola, $600 million high-speed c

Dec 16, 2022
Companies
To encourage ESG practices, lenders should pledge to fund no coal projects

Many lenders have turned to reduce lending to coal, oil, and gas projects while increasing their exposure to renewable energy in an effort to reduce their net carbon emissions to zero by 2050. We will

Apr 04, 2023
Companies
Minergy Secures Funding for Resumption of Mining Operations in Botswana

The funding will be used to repay the overdue balances to Jarcon Opencast Mining Botswana (Pty) Ltd, which will enable Minergy to continue operations in a reduced sales environment.

May 24, 2023
Botswana
Shumba Energy's Ambitious Energy Projects to Revolutionize Southern Africa's Power Deficit

With these various energy projects in the advanced stage of development, Shumba Energy is poised to have a significant impact on the energy sector in Southern Africa. As the region grapples with a gro

Aug 02, 2023
South Africa
Commodity Blues: Glencore’s Q3 Production Takes Dive

Glencore Private Limited Company experienced a significant decline in production during the third quarter ended 30 November 2023, across several major commodities, with the exception of gold and coal.

Oct 30, 2023
Botswana
Tlou Advances Gas-to-Power Project, Cementing Position as Key Power Player in Southern Africa

Tlou, an energy solutions company operating in Sub-Saharan Africa, showcased remarkable progress in its gas-to-power project during its fourteenth Annual General Meeting (AGM). The company's concerted

Nov 01, 2023
Companies
Shumba Energy Advances Key Energy Projects in Botswana Amidst SADC Region's Power Needs

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

Jul 29, 2024
Zimbabwe
Zimbabwe's Power Crisis Deepens: Hwange Units 7, 8 Go Offline

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

Sep 17, 2024

Top Stories

With Deteriorating Health Services, How Much Has Government Allocated for Health Sector?

he Zimbabwe government has allocated ZiG28.3 billion to the Ministry of Health and Child Care for the year 2025. When converted to United states dollars (USD) at the official bank rate of ZiG26 per d

3 hours ago

Mthuli Ncube Anticipates 51% Depreciation of ZiG in 2025

The Zimbabwe’s economy faces a turbulent 2025, with the local currency, the Zimbabwe Gold (ZWG), expected to depreciate by an alarming 110% in FY2025, Government 2025 Budget reviews. This grim foreca

4 hours ago

Sugar Tax Cut, Over 2 Million Unaccounted For: Will Fast Food Tax Suffer Same Fate?

Reduction of Sugar Tax: Has cut the sugar tax from 0.001% to 0.0005% per gram Revenue Allocation Concerns: Despite generating significant revenue from the sugar tax, no cancer treatment equipment has

1 day ago

Government Reduces Import Tax on EVs, but Road Conditions Remain Unchanged

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

1 day ago

You Play, We Tax, State's Desperation Grows: What 10% Tax on Betting Means

In his 2025 budget presentation, Finance and Economic Development and Investment Promotion minister, Mthuli Ncube, imposed a 10% tax on all winning betting odds, effective January 1, 2025. This new

1 day ago

Choppies Exits Zimbabwe: Detailed Analysis on Unhappy Statement

Choppies is exiting Zimbabwe and has initiated discussions to divest its business, citing the adverse effects of policies that favour informal traders over formal retail operations. The company plans

1 day ago

Automotive Industry Forecast 2025: WPIC Give Projections

The World Platinum Investment Council (WPIC) has projected that automotive platinum demand will soar to an eight-year high in 2025, reflecting a transformative shift in the automotive industry toward

1 day ago

Tax Net Widens: 2025 Budget Introduces New Levies on Sports Betting, Informal Traders, Fast Foods and More

As the government grapples with the challenge of raising capital amid significant debt levels that hinder access to credit and strained diplomatic relations with Western nations, it has shifted its fo

Nov 29, 2024