Zimbabwe: Latest News
Kevin Mwanza, 1:49 am
Anti-government protesters in Zimbabwe demonstrating against plans by the country’s central bank to re-introduce local banknotes were on Wednesday forcibly dispersed by police in the capital, Harare. Dozens of protesters marched to the Reserve Bank of Zimbabwe (RBZ) to demand that the financial markets regulator reversed its plans to introduce ‘bond notes’ that will be linked to the U.S. dollar in October to curb rampant shortage of cash
Becca Blond, 9:54 am
Zimbabwe fell off the tourist radar for six or so years between 2001 and 2008, when hyperinflation led to food and fuel shortages. But since then it’s seen an impressive turnaround. Today, roads are newly paved, supermarket shelves are stocked, gas stations don’t run out of fuel, and bars and restaurants are buzzing again. From the wildlife to the music to the history, here are a few things you may not have known about Zimbabwe that may just convince you to visit — NOW.
Dana Sanchez, 3:13 pm AFKI Original
Informal cross-border trade is so important for Africa that about 43 percent of Africans are involved in this form of commercial activity in the 19 countries that make up the Common Market for Eastern and Southern Africa. It contributes to economic growth, job creation and food security for the majority of the region’s population. The majority of informal cross border traders are women, and they’re extremely vulnerable.
Karen Elowitt, 7:00 pm
The Victoria Falls are spectacular no matter how you look at them, but if you’re gonna see them, you might as well do it in as many ways possible, and in the best manner possible. Here are eight great ways to see Victoria falls, whether you prefer to view them from high above the Earth, or way down below the magical curtain of water, somewhere in between — or all of the above. (We recommend all of the above!)
Keren Mikva, 2:56 pm
Nine out of the 10 biggest produce exporters to the U.K. are E.U. member countries. Potential changes to E.U. tariffs and the falling value of sterling have forced some retailers to consider sourcing from different countries. U.K. produce importers say they expect to see more produce from Africa. South Africa is already the No. 2 source of fresh fruit to the U.K. after Spain, and Kenya may become a beneficiary of the changing trade patterns.
Dana Sanchez, 3:06 pm
Much of the current real estate investment in Africa is undertaken by private equity funds. Several other investor types are deterred and largely absent due to legislative restrictions, risks around money laundering and the inward-looking nature of African markets. Overseas pension funds, for example, held back because of legislative restrictions and only sought exposure to certain African markets once these were lifted.
Lillian Mutiso, 3:46 am AFKI Original
Africa has one of the world’s poorest distribution of electricity. About 600 million people lack access to electricity. As part of the efforts to help the continent’s population get access to energy and drive their economic lives, several power projects have been initiated. They mainly include alternative sources such as wind, biomass and solar energy. Below are 12 wind projects that will help breathe new life into Africa’s energy economy.
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.
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