The African Development Bank approved $75 million to finance a titanium dioxide plant in South Africa led by Zimbabwean businessman Donovan Chimhandamba. The facility will process 80,000 tonnes annually at Richards Bay Industrial Development Zone and aims to reduce regional dependence on imported pigments used in paints, cosmetics and food products. Chimhandamba heads Nyanza Light…
Zimbabwe’s government has garnered praise for spearheading efforts to formalize artisanal and small-scale mining operations through partnerships that foster transparency and sustainable practices. Mollen Siwella from PlanetGOLD Zimbabwe told a conference in Harare that multiple government ministries work with international groups, financial institutions and local communities to support miners. Small-scale producers delivered 24.45 tonnes of…
Zimbabwe plans to boost indigenous chicken meat output by 31 percent to reach 20,500 tonnes by 2030, according to Agriculture Permanent Secretary Obert Jiri. The Zimbabwe Free Range Poultry Association recently marked its 10th anniversary in Harare with the announcement that free-range production would expand from its current levels of 15,545 tonnes. The Presidential Poultry…
The Mining Industry Pension Fund appointed Anymore Taruvinga as principal officer and chief executive on Friday, November 1. Board chairperson Clara P. Sadomba said he will lead strategic planning and strengthen operations to protect member retirement benefits. Taruvinga previously led the Zimbabwean Securities and Exchange Commission for three years. He worked eight years at the…
Zimbabwe’s free-range poultry sector provides smallholder farmers with a pathway to improved incomes and food security, while supporting environmental goals. The Zimbabwe Free Range Poultry Association reports that indigenous breeds can find 30 to 50 percent of their own food, thereby substantially reducing expenses. Alternative feeds, such as Azolla and Black Soldier Fly, further reduce…
The Federal Reserve cut interest rates by a quarter point on Wednesday, marking its second straight reduction as officials work to protect jobs amid slower hiring. The central bank also announced it will stop shrinking its asset holdings starting on Dec. 1. The Federal Open Market Committee voted 10-2 to lower the benchmark rate to…
TotalEnergies faces mounting security concerns as it prepares to resume work on a $24.5 billion natural gas project in Mozambique after a four-year suspension. Islamic State-linked militants have stepped up attacks across Cabo Delgado province, where the French company and Exxon Mobil operate facilities. The United Nations reports that civilian attacks have nearly doubled this…
Major technology companies are accelerating their investments in artificial intelligence, despite uncertainty about the financial returns. Meta, Alphabet and Microsoft disclosed substantial spending increases for data centers and computing infrastructure in their latest earnings reports. Meta plans to spend between $70 billion and $72 billion in 2025, raising its previous projection. The company expects even…
South African President Cyril Ramaphosa said his government continues to negotiate with Washington for a trade agreement, but refused to specify when the talks might conclude. He told reporters on Wednesday that a deal could emerge tomorrow, next week, or next month, noting that government timelines are often subject to change. The discussions aim to…
South Africa has emerged as a significant outsourcing hub, attracting foreign companies that seek skilled workers at competitive rates. The sector contributes roughly $2 billion annually to the economy and employs more than 70,000 people in the Western Cape alone, with 10,000 new positions added each year. Esethu Dywili, 31, built a house for his…
