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China-Africa Trade Information Service
Africa's internet economy has the potential to reach 5,2 percent of the continent's gross domestic product(GDP) by 2025, contributing nearly USS180 billion to its economy, according to a report from Google and the International Finance Corporation (IFC).
A Chinese mining company opened a 300 million dollar lithium processing plant in Zimbabwe on Wednesday.The southern African country has one of the world's largest reserves of the metal and has the largest reserves in Africa.
ZIMBABWE is poised to become a key player in the global transition to green energy, not only through lithium mining, but its beneficiation that can empower local communities and develop the nation as a whole, President Mnangagwa has said.
Zimbabwean President Emmerson Mnangagwa on Friday launched the country’s land bank that is expected to drive agriculture growth through the provision of affordable financing to farmers.
The last time the southern African country saw a similar steep rise in fuel prices, in January 2019, violent protests broke out, leaving as many as 17 people dead after a crackdown by the security forces.
Over the years, Zimbabwe's export earnings have come mainly from raw materials from primary industries such as mining and agriculture.
Zimbabwe's Finance Minister Patrick Chinamasa said Zimbabwe hopes to sell shares of 35 state-owned companies, including telecommunications and mining, as the latest move to restore the economy under new political leadership.
China has spent $2,5 billion on Zimbabwe, which is by far the highest amount of money it has ever advanced to any African country.
Zimbabwe is spending millions of dollars on importing products that it should ordinarily manufacture locally or simply do without, latest figures from the Zimbabwe National Statistics Agency (ZimStat) have revealed.