Zimbabwe: Latest News

  • 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

  • Zimbabwe Issues Bond Notes. Will This Lead Back To Hyperinflation?

    Zimbabwe issues bond notes By Dana Sanchez, 11:17 am

    Hyperinflation in 2008 had Zimbabweans paying 50 billion Zimbabwean dollars for an egg and 100 trillion dollars for a weekly bus ticket. The U.S. dollar has been Zimbabwe’s main currency since 2009 but those are in short supply. Now it’s deja vu all over again as the Zimbabwe government forces bond notes into circulation, a move many feel is a ploy to bring back the Zimbabwean dollar. The central bank promised to keep a lid on issuing bond notes, insisting they are not an official currency and will have no value outside of Zimbabwe. The first test will be in the informal foreign exchange markets on the streets.

  • Zimbabwe Won’t Give Details Of Controversial Bond Notes Until Their Release Next Week

    By Dana Sanchez, 10:31 am

    Bond notes will not be forced on consumers, the Zimbabwe government has said. This is not about re-introducing the Zimbabwean dollar, which became worthless in 2008 due to hyperinflation. The public has been warned not to adopt a negative attitude towards bond notes because they’ll ease the country’s cash shortage. Zimbabweans fear bond notes will trigger a repeat of 2008 hyperinflation. Adopting the U.S. dollar as the official currency in 2009 helped stop the bleeding. For Zimbabweans, cash isn’t the only thing running low. There’s a shortage of trust.

  • Mugabe Announces Plans To Retire, Says It’s A Critical Time For Regime Change

    Mugabe announces plans to retire By Dana Sanchez, 10:07 am

    Until now, Zimbabwean President Robert Mugabe has insisted he will die in office. Over the weekend the 92-year-old leader announced for the first time that he plans to retire. He told veterans that the war is over, colonizers have been defeated, and regime change has entered a critical period. The country is so broke that it has run out of cash — it uses U.S. dollars. Later this week, a new currency called bond notes will start showing up in some exporters’ bank accounts. The ruling Zanu PF party insists Mugabe will be elected president again in the 2018 elections.

  • Opinion: Lesson For Africa On The Women’s Vote From The U.S. Election

    By Staff, 7:10 am

    scrutiny continues to mount on the various factors that led to his taking the vote. One of the more poignant factors was the role women played, spurning Hillary Clinton. This, despite allegations of Trump’s sexual misconduct and that, by electing him, women’s and minority’s rights were under threat. Let me start with the minority voters. A much shared YouTube video shows Nigerian writer, Chimamanda Ngozi Adichie, dismantling apologist arguments

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