Zimbabwe: Latest News
Staff, 10:08 am
African tech startups raised at least US$185.7 million in funding in 2015, and the signs are that 2016 is set to be another big year. Startups are being backed by both overseas and domestic investors each day, and a plethora of new funds have been launched this year alone. Not sure where to look for investment? We’ll make it easy for you with this list of 25 good places to start.
Staff, 3:26 pm
In Africa, the big-hitting commodities have traditionally been diamonds, iron ore, gold and copper. But with the global energy landscape rapidly changing and disruptive technologies on the rise in 2016, many investors are turning to opportunities in specialist technology metals. The poster child for this trend has been lithium. An essential component in lithium-ion batteries used by the manufacturing and telecommunications sectors, lithium has tripled in price since the beginning of 2015.
Peter Pedroncelli, 10:00 am AFKI Original
The Rio 2016 Olympic Games are only days away, and Olympic contingents have been finalised. With strict qualification criteria applied to all of the disciplines in the multi-sport event, qualifying to take part is no easy feat, and large African teams going to Rio can be very proud of their achievements. We take a look at 12 of the African countries who are bringing large Olympic teams to Rio 2016.
Tom Jackson, 5:14 am
African universities are increasingly playing a part in encouraging student-led tech startups, in the hope that young people can become job creators. These new initiatives across the continent are replicating successful models from abroad, such as the US knowledge regions of Route 128 – which developed around MIT – and the renowned Silicon Valley, which developed around Stanford University. University incubators and initiatives have can have enormous benefits for a startup
Kevin Mwanza, 7:55 am
The Zimbabwean government deliberately blocked the entry of South Africa’s MTN Group and Kenya’s Safaricom into the nation’s telecoms space in order to shield local operators from bigger international firms and promote their organic growth. MTN has its presence in 22 African countries, while Safaricom is the biggest communication company in East and Central Africa. The Southern Africa nation has three mobile networks — Econet, NetOne and Telecel.
Staff, 12:02 am
In 2015, remittances from the Zimbabwean diaspora were US$935 million — more than the country gets through foreign direct investment. Diaspora remittances could reach US$1.5 billion by the end of 2016. The government is exploring issuing diaspora bonds to entice the diaspora community to inject more money into the economy. About 2 million Zimbabweans live abroad, mostly in South Africa and U.K.
Julia Austin, 2:21 pm AFKI Original
A former member of the South African police force noticed a gap in high-level security for the private sector, and he capitalized on it. Chris Beukes’s TSU Protection Services has grown from a single office in Cape Town to a multinational business in at least 14 countries. Clients have a mobile app as extra protection when trained professionals aren’t at their side. A quick shake of a cell phone alerts TSU to danger, and sends out video surveillance.
Dana Sanchez, 1:56 pm
War veterans, now in their 60s or older, played a crucial role in bringing Mugabe to power. On Wednesday, Mugabe said the veteran’s association leaders are rebels who will be punished for crimes related to “seeing regime change.” Evan Mawarire, a Zimbabwe pastor who launched a social media campaign criticizing the government, has urged a peaceful uprising. Mawarire left Zimbabwe for his security, but addressed a crowd at a South African university Thursday. “Catastrophe has been our story for far too long,” he said.
Staff, 3:50 am
The ugly stereotype of Africa’s “big man” normally shows a corrupt leader walking out of a negotiation with briefcases full of dollar bills and gold rings on every finger, grinning from ear to ear. It is the all too familiar story of African corruption, portrayed as a uniquely African problem. However, this depiction is as crude as it is wrong and incomplete. New investigative stories released this week by the International Consortium of Investigative Journalists (ICIJ) and media partners in Africa
Lillian Mutiso, 2:45 am AFKI Original
Treason includes acts that are geared towards overthrowing a legitimately elected government or endangering state security. In most countries, this offense attracts the death penalty. In Africa, most governments have used treason allegations to trump up charges against their political rivals in order to silence them or force them out of politics. Here are some of African leaders that have been charged with treason in recent years;
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