Zimbabwe: Latest News

  • An Investment Banker’s 54 Wishes For African Economies In 2017

    54 Wishes For African Economies in 2017 By Kurt Davis Jr., 4:29 pm AFKI Original

    A sense of what Zimbabwe can expect post-Mugabe. Partnership in the fight against terror for Tunisia. Better strategies combating poverty and HIV in Swaziland. These are just a few of the wishes that a U.S. investment banker visualizes for African countries as the old year winds down and 2016 gives way to 2017.

  • Coca-Cola Pays $3.15B To Buy Out AB InBev From Their African Bottling Joint Venture

    African bottling joint venture By Dana Sanchez, 12:45 pm

    Coca-Cola and AB InBev are the world’s largest makers of soft drinks and beer, respectively. Africa is important for Coke because soft drink consumption continues to grow on the continent. Coke has not said why it decided to buy back the stake, but it might be in its best interest to avoid partnering with AB InBev, which has no experience in Africa. With little room left for AB InBev to grow meaningfully in beer, bankers speculate the deal-hungry mega brewer may eventually move into soft drinks. That could put Coke at the top of its list.

  • Is She Above The Law? Zimbabwean First Lady Grace Mugabe Dodges Summons

    Grace Mugabe dodges summons By Dana Sanchez, 2:09 pm

    Grace bought a $1.4 million diamond ring from a Dubai dealer and paid for it from her Zimbabwe account at the Commercial Bank of Zimbabwe. She changed her mind and demanded a refund to her bank in Dubai. The country’s economy is crippled by cash shortages and a forex crisis. President Robert Mugabe is immune from prosecution while in office. Grace is not immune. Many Zimbabwean lawyers won’t risk taking on Grace, but the diamond ring case is the second time Beatrice Mtetwa has gone head-to-head with the first lady.

  • Orange Signs New Sponsorship Deal With The Confederation Of African Football

    Confederation of African Football. Tigo - Sponsor African Soccer By Peter Pedroncelli, 5:37 am

    Telecommunications giant Orange has concluded a new long-term partnership deal as official sponsors for the Confederation of African Football (CAF) flagship competition. The new eight-year deal will see the France-based company confirmed as an official sponsor of five major CAF competitions from 2017 to 2024, beginning with the 2017 Africa Cup of Nations (AFCON) in Gabon this January.

  • Opinion: Be Patient With Trump In Africa. First He Has To Make America Great Again

    Trump in Africa By Kurt Davis Jr., 11:34 am AFKI Original

    Businessman Trump knows better than anyone that you must have the right friends to survive. Tunisia could be the surprise special relationship. A successful democracy there would boost the fight against terror. Nigeria could go either way with Trump. He wants to help oil in the U.S. This could hurt Nigeria. Political and financial engagement with Egypt, South Sudan, and South Africa will see some rebalancing. Trade that benefits the U.S. is low-hanging fruit for Trump, but how does he view AGOA? He promised to re-evaluate all trade agreements.

  • Fastjet Seeks Expansion Into Internal South African Flights, Cuts Back In Kenya

    internal Fastjet South African flights By Dana Sanchez, 2:50 pm

    London-based discount airline Fastjet is seeking another injection of capital and trying to stabilize its business by cutting unprofitable routes. It’s hoping to add internal South African flights — a crowded market but one it said it can’t ignore. Fastjet was engaged in a price war with Kenya Airways. Now it’s cutting routes. Traded on the London Stock Exchange, Fastjet wants to be the first pan-African low-cost carrier, but has not made a profit since its 2012 inception. A new, sooner-than-expected capital raising effort in the first quarter of 2017 prompted Fastjet Chairman Colin Child’s resignation.

  • Opinion: Zimbabwe’s Cash Crisis Is An Opportunity For Real Estate Investors

    Zimbabwe real estate investors By Dana Sanchez, 12:13 pm

    The Zimbabwean diaspora has a significant interest in property investment in their home country. Although agricultural land is typically state-owned, and rural land communally owned, urban land in Zimbabwe is held under freehold title, and deeds are registered. There are rights to ownership of urban land, and interest and potential for investment in urban land in Zimbabwe. Continued interest in the diaspora has seen increased demand for small-scale, affordable housing in low- and high-density areas.

  • 10 Ways To Have Adrenaline Adventures In Zambia

    adrenaline adventures in Zambia By Bridget Williamson, 7:06 am

    You can fly over Victoria Falls in a plane, helicopter, or microlight. Whichever way you go, it’s considered “the flight of angels.” If jumping off bridges, getting close to wildlife, and extreme river rafting are your preferred vacation activities, then Zambia is for you. Victoria Falls, the Zambezi River and the countryside of Zambia provide lots of options for adrenaline junkies. Here are 10 adrenaline adventures in Zambia to get your heart rate pulsing.

  • Rwandan Genocide Survivor Builds A Media Empire Empowering Youth

    Rwandan genocide survivor By Ann Brown, 8:12 am AFKI Original

    A survivor of the Rwandan genocide, entrepreneur Marcel Mutsindashyaka chose to use the media, not for revenge, but for peace building. His Rwandan media and IT company has helped restore unity in the country by engaging youth. It is now the second most popular news website in Rwanda. Mutsindashyaka was chosen to be in Obama’s Young African Leaders Initiative. The experience “opened my mind from local to global perspective,” he told AFKInsider. “From this I realized that there is potential for the U.S. and Africa to collaborate for mutual benefit.”

  • US-Based 247Solar To Build First Commercial Plant In Drought-Hit Southern Africa

    By Kevin Mwanza, 10:10 am

    247Solar, a company owned by U.S.-based private energy firm Wilson Solarpower Corporation, will build its first plant in South Africa as it starts off commercialization in the southern Africa region. The energy startup has partnered with Stellenergy (Pty) Ltd, a South African renewable energy company formed in 2013, to provide off-the grid electricity as the nation battles decreased electricity production

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