The Beitbridge Border Post, despite a $300 million upgrade, is once again mired in congestion and delays. Excessive cargo control measures, including a 100% scanning regime and fuel duties, have slowed transit times to over 24 hours, frustrating transporters who must still pay a $200 fee. This inefficiency is stifling regional trade and undermining Zimbabwe’s role as a key transit hub in Southern Africa.
Tag: Zimbabwe
Africa’s Clean Energy Surge: A Beacon of Hope in Declining Foreign Investments
Despite a slight decline in overall foreign investment flows to Africa in 2023, the continent’s clean energy sector has seen a remarkable surge, attracting significant global interest. Noteworthy investments include a $34 billion green hydrogen project in Mauritania and over $10 billion for wind and solar projects in Egypt, South Africa, and Zimbabwe. These developments highlight Africa’s growing commitment to sustainability and its potential to lead in renewable energy, driving economic growth and environmental progress.
Zimbabwe Licenses Starlink for Satellite Internet Services in Strategic Tech Partnership
Zimbabwe has officially licensed Elon Musk’s Starlink to provide satellite internet services, becoming the eighth African country to do so. President Emmerson Mnangagwa announced the partnership with local company IMC Communications, owned by his associate Wicknell Chivayo. This move aims to revolutionize Zimbabwe’s digital landscape by offering high-speed, low-cost internet, particularly benefiting rural areas. Economist Stevenson Dlamini highlighted the potential cost challenges but emphasized the long-term benefits for schools, hospitals, and other public facilities.
Investment Summit in South Africa Showcases Zimbabwe’s Economic Potential
Zimbabwe’s Minister for Finance and Investment Promotion, Mthuli Ncube, alongside Tafadzwa Chinamo, the Chief Executive Officer of Zimbabwe Investment Development Agency, spearheaded a groundbreaking two-day […]