Tag: Zimbabwe

News

Nationwide blackout hits Zimbabwe after grid collapse

Zimbabwe experienced a nationwide electricity blackout on Thursday following a system failure that caused both of its power stations to stop generating electricity. This was disclosed in a press statement by the national power utility Zesa Holdings Ltd. Additionally, imports of electricity from South Africa, Zambia, and Mozambique were disrupted. “Restoration efforts are underway, and power […]

Zimbabwe unveils new currency backed by gold
News

Zimbabwe unveils new currency backed by gold

Zimbabwe on Friday unveiled a new currency, ZiG which the country said is backed by gold reserves, marking the latest move by President Emmerson Mnangagwa’s administration to address decades of monetary instability. Mnangagwa announced following an inspection of the central bank’s vaults that Zimbabwe possessed adequate gold reserves to support the introduction of the new […]

Bolt launches dash cam safety feature for Nigerian drivers
Tech

Bolt expands into Zimbabwe

Estonian e-taxi company, Bolt has expanded its services in Harare, Zimbabwe. As part of the move, Bolt is waiving commissions from drivers for at least six months as part of its launch strategy, a similar approach employed during the platform’s introduction in Zambia. Unlike its standard 18% commission in countries like Kenya, Bolt has opted […]

China gifts Zimbabwe $160m parliament building
Economy

China gifts Zimbabwe $160m parliament building

China is strengthening its influence in African countries with its economic input in helping black nations develop and grow their economies. China recently completed a new parliament building in Zimbabwe to replace the old structure erected during the colonial era. The $160m structure which sits on 33,000 square metres and comprises a six-storey office complex […]