Zimbabwe: Latest News

  • Why Zimbabwe Blocked MTN And Safaricom From Entering Local Market

    By 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.

  • Zimbabwe Pushes For Diaspora Bonds: Remittances Are No. 2 Source Of Liquidity

    Zimbabwe pushes diaspora bonds By 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.

  • High-Level Protection: Spotlight On South Africa’s Most Powerful Security Firm

    security firm By 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.

  • War Veterans Arrested: Is Zimbabwe’s Succession War Reaching Tipping Point?

    War veterans arrested By 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.

  • Panama Papers: Africa’s ‘Big Men’ Aren’t Who You Think They Are

    By 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

  • 12 African Leaders Charged With Treason In Recent History

    treason - Unbelievable Quotes From South African Politicians By 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;

  • Africa’s Most Decorated Olympian Excited For Rio 2016

    Kirsty Coventry of Zimbabwe By Peter Pedroncelli, 5:38 am

    Zimbabwean swimmer Kirsty Coventry is Africa’s most decorated Olympian, having won seven individual medals at the Olympic Games during her illustrious career. Zimbabwe has never been a particularly successful nation at the Olympics, but golden girl Coventry has been a shining star in the pool for the southern Africans since she was a teenager.

  • 11 Memorable Train Journeys in Africa

    train journeys in africa By Karen Elowitt, 7:00 pm

    The train is not the most popular — nor the most efficient — way to travel in Africa, but its aura of faded bygone glamour makes it a must for those who are fans of slow travel. Yes, there are quicker ways to get from point A to point B in Africa, but these noteworthy train journeys in Africa remind you that when you travel, it’s the journey, not the destination, that matters.

  • Carlyle Group Eyes More Opportunities In Africa After Making First Exit

    Carlyle Group By Kevin Mwanza, 7:09 am

    US-based private equity firm Carlyle Group is looking at a number of investment opportunities for its African fund after it made its first ever exit on the continent this month, its top official said. Marlon Chigwende, managing director and co-head of the Carlyle Sub-Saharan Africa Fund, said the $700 million investment vehicle was looking to increase its investments on the continent after it exited Export Trading Group, a Tanzanian-based continental supply chain manager.

  • 12 Startups Making Waves In Africa’s Off-Grid Electricity Market

    By Lillian Mutiso, 6:07 am AFKI Original

    About 585 million people across Sub-Saharan Africa lack access to electricity. This is 48 percent of the global population that is not connected to electricity. This has created the need to have alternative energy models that are affordable to the African population. Several off-grid electricity startups are making strides in the provision of clean energy.

More Headlines