Saudi Arabia's meetings with South Africa have led to billion-dollar deals. The countries have met often since 2022, when the Saudi Crown Prince talked with South African President Ramaphosa.
Gulf nations like Saudi Arabia and the UAE are investing in African mining, energy, and farming projects. South Africa appeals to investors because it has good infrastructure and well-run companies at lower prices than elsewhere.
"We see a gap between South African company values compared to other markets. Strategic investors looking long-term will notice opportunities," said Ruven Naidoo from Investec Bank. "Our management teams have strong skills and knowledge. Companies here excel at their work."
Officials and business leaders travel between...
China wants America to remove all extra taxes before any trade talks happen. They denied having any current discussions with President Trump. A top Chinese official called these taxes unfair at a press conference yesterday. He said all talk about ongoing negotiations lacks truth.
Trump hinted he might lower tariffs, which currently add 145 percent costs of most Chinese products. He claimed everything remains active with China, but Beijing shows no interest. The Chinese president refuses to take phone calls from Trump since his return to office. Chinese leaders need several things before starting real discussions.
They expect more respect first from American officials. They want Washington to name someone who leads trade talks. China...
The VFEX stock market made $58.5 million in the first three months of 2025, which grew almost fourfold compared to early 2024. Trading hit a record $40.1 million on one February day alone. The market value reached $1.29 billion through March, up 5.74 percent from last year. Foreign investors made up just 3.32 percent of all trades.
The main stock index gained nearly 6 percent during these months. Only one company left the market, National Foods Holdings, which stopped trading in January. The exchange is working with partners to start commodity trading soon. Officials talked with miners about creating systems for trading raw materials. The market has 16 different securities available for investors to trade.
Trading activity increased...
Coal mines in Mozambique started firing workers after election protests turned violent. Coal prices fell sharply this year, causing financial problems. Vulcan International plans to cut 105 jobs at its Moatize mine, which employs over 3,300 people. Other mining companies also laid off hundreds of workers across the country.
A labor ministry official called these job losses unprecedented in recent times. The Indian businessman Naveen Jindal runs Vulcan, which bought the mine from Brazil's Vale for $270 million three years ago. Coal makes up Mozambique's largest export, with sales worth $2 billion last year. The price for coal shipped through South Africa decreased by about 17 percent since January.
Dynamos fans refused to listen when Coach Lloyd Chigowe tried talking after yesterday's boring draw against struggling Kwekwe United. The team failed to score for their fourth straight game at Rufaro Stadium. Angry supporters yelled when the coach approached them in the Vietnam Bay section. DeMbare missed many chances to win against an opponent with money problems. Players wasted good opportunities throughout the match.
The home team created several scoring chances, but nobody could find the net. Ghanaian player Frank Agyemang hit the crossbar with a header late in the game. He earlier shot straight at goalkeeper Lenon Gonese when alone inside the box. Valentine Kadonzvo almost scored before halftime with a lob that narrowly missed...
Zimbabwe saw prices rise again last month. April inflation reached 0.6 percent after prices fell slightly in March. The first yearly inflation since the ZiG currency started was measured at 85.7 percent. The consumer price index moved up to 185.68 from 184.50 in March. These numbers came from the Zimbabwe National Statistics Agency.
US dollar inflation stayed low at 0.2 percent for April. Food costs in ZiG money went down 0.2 percent despite overall increases. The mixed inflation rate, counting both currencies, was 0.3 percent last month. The central bank expects inflation to drop to about 20 percent before year-end. Experts say the currency changes helped make prices clearer.
Some economists worry about weak demand despite stable...
Zimbabwe faces a tough battle against malaria this year. Cases more than doubled from 17,539 last year to 36,423 in just fifteen weeks. Deaths jumped from 34 to 85 during the same period. The government must find more money since American support has ended. Health officials want to keep prevention tools available despite these challenges.
The country marked World Malaria Day last Friday with renewed commitment. Officials say they reduced cases from 32 per thousand people in 2020 to just 4 per thousand in 2024, and deaths went down from 400 to 109 during those years. Heavy rains combined with warmer temperatures created perfect breeding conditions for mosquitoes. Small-scale mining activities also create more places where mosquitoes can...
The US gave special storage cabinets to Zimbabwe for keeping old fossils safe. American Ambassador Pamela Tremont handed over 16 cabinets from Yale University to the Natural History Museum at a Bulawayo event. These cabinets will protect important items like the Mbiresaurus dinosaur bones from 230 million years ago.
Museum Director Moira FitzPatrick worked with Princeton professor Chris Griffin to make this happen. Griffin helped find the ancient dinosaur remains back in 2017. He said Zimbabwean scientists lead these research trips with crucial support from the museum. The US Embassy arranged shipping for all the cabinets. Thanks to proper storage equipment from America, scientists can better study these prehistoric artifacts.
Zanu PF officials came back from China feeling hopeful about new investments. The team celebrated 45 years of friendship between the two countries during their visit with the Communist Party of China. They talked about ways to make life better for people through better leadership.
Team leader Elifas Mashaba said they showed what Zimbabwe offers investors, which sparked interest from many companies. Chinese businesses want to work with mining operations, especially lithium mines, since electric car batteries need this mineral. Farm businesses also caught the attention of possible partners looking at crop production equipment.
Supa Mandiwanzira called the trip a learning chance rather than just a party. He noticed how China grew from...
