Zimbabwe: Latest News
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.
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.
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