Africa In The News

Australian exploration firm puts damper on Zimbabwe oil find

HARARE, November 2 – A day after Zimbabwe’s cash strapped government announced a possible life line, Invictus, the Australian company prospecting for oil in Muzarabani, denied it had found any oil deposits. On Thursday Zimbabwe President Emmerson Mnangagwa announced that Australian Securities Exchange (ASX) listed entity Invictus Energy (IVZ), had discovered oil and gas deposits […]

Africa In The News

Zimbabwe’s MDC Alliance promises action against president Mnangagwa’s government

HARARE, October 28 – Zimbabwe’s opposition MDC Alliance president Nelson Chamisa on Saturday promised unspecified action against President Emmerson Mnangagwa’s government as his party prepares to “take back our electoral victory”. Addressing thousands of party faithful at a packed football stadium in Harare to celebrate the party’s 19th anniversary Chamisa said, “We won the elections […]

Africa Business In The News

Afreximbank throws Zimbabwe $500 mln lifeline

JOHANNESBURG, October 17 – The African Export-Import Bank (Afreximbank) said on Wednesday it had agreed to conclude a U.S.$500 million Nostro stabilization facility for Zimbabwe by the end of this month. An Afreximbank delegation led by its president, Prof. Benedict Oramah, held talks with a Zimbabwean team led by finance and economic development minister Prof. Mthuli Ncube, and […]

Africa In The News

Zimbabwe not seeking mercy, but massive investment – Ambassador

JOHANNESBURG, October 16 – The Zimbabwean government on Tuesday embarked on a charm offensive to woo investors in South Africa during the country’s “Zimbabwe is open for business” summit held in Johannesburg. Hosted by Zimbabwe’s embassy in South Africa, the summit attracted numerous government officials, diplomats, businesspeople, local and international media and some Zimbabweans based […]

In The News South Africa

SA always ready to bailout Zim, but Harare has to ask for the help – Lindiwe Sisulu

PRETORIA, October 11  – South Africa is always willing and ready to assist Zimbabwe at any time that the authorities request assistance, International Relations and Cooperation Minister Lindiwe Sisulu said on Thursday. “Insofar as Zimbabwe is concerned, we stand very ready at all times to assist the people of Zimbabwe. We have had a very […]