Zimbabwe secures legal victory as US court rules it lacks jurisdiction in decade-old arbitration dispute. A U.S. federal appeals court has dismissed a long-running case filed by two Mauritian firms against Zimbabwe’s state-owned mining company, delivering a significant legal victory for Harare in a $93 million international dispute. The U.S.Continue Reading
As Zimbabwe’s lithium industry booms, fueled by Chinese investment and the global EV demand, locals like Darlington Vivito are risking everything for a share of the wealth. On a cold, misty evening in March 2023, 22-year-old Darlington Vivito said goodbye to his parents at their modest homestead in Bikita, southeasternContinue Reading
Mining and Technical Exhibitions (MTE) is gearing up for another impactful over-border combo tour—this time, Zimbabwe is in the spotlight. In August, MTE will host two back-to-back exhibitions, continuing its mission to connect suppliers and industry operators across the SADC mining and industrial landscape. Two Events, Two Regions, One ObjectiveContinue Reading
Zimbabwe is tightening its grip on its lithium industry as it moves to ban the export of lithium concentrates by 2027, stepping up efforts to build a robust local processing sector and capture more value from the strategic mineral. The announcement was made by Mines Minister Winston Chitando on Tuesday,Continue Reading
Controversial Assets May Have Shifted to Zimbabwe Amid Sanctions Zimbabwe’s state-linked mining giant Kuvimba Mining House is on the hunt for a massive $950 million in fresh capital to supercharge its gold and lithium production, according to CEO Trevor Barnard, who spoke at a high-profile mining conference in Victoria Falls.Continue Reading
In a bold step toward enhancing regional cooperation and energy security in Southern Africa, the Government of Mozambique has signed two pivotal memoranda of understanding (MoUs) with the Republics of Zambia and Zimbabwe. The agreements, facilitated through Mozambique’s Ministry of Mineral Resources and Energy, mark a strategic move to advanceContinue Reading
Zimbabwe and Zambia are ramping up efforts to revive the long-stalled $5 billion Batoka Gorge hydropower project by exploring a controversial plan to divert water from the Democratic Republic of Congo (DRC) to stabilize Zambezi River flows. The Zambezi River Authority (ZRA), which jointly manages the Kariba Dam for bothContinue Reading
Zimbabwe’s central bank has resumed the sale of gold coins, nearly a year after suspending the program, as part of efforts to stabilize the local currency and rebuild market confidence. The move comes amid ongoing pressure on the recently introduced ZiG currency, which has struggled due to economic mismanagement, accordingContinue Reading
Zimbabwe’s latest attempt at monetary reform—the ZiG currency—is facing a slow but steady decline, not through hyperinflation as in past cases, but through growing public indifference and policy shortcomings, according to Imara Asset Management, the country’s oldest independent brokerage firm. Launched in 2024, the ZiG represents Zimbabwe’s sixth currency reformContinue Reading
Zimbabwe’s deepening liquidity crisis is exacerbating the economy’s reliance on the US dollar, undermining the effectiveness of the gold-backed Zimbabwe Gold (ZiG) currency, introduced nearly a year ago. Launched on April 8, the ZiG was Zimbabwe’s sixth attempt since 2009 to establish a functional local currency, aiming to replace theContinue Reading
