news and current affairs.
First Lady Launches Cultural Quiz for Youth
First Lady Launches Zviperengo Cultural Quiz for Students. Zimbabwe's First Lady, Dr. Auxillia Mnangagwa, has launched a unique educational program. It's called the Zviperengo Cultural Quiz Programme. The program is for students in grades 5 to 7. Dr. Mnangagwa is also the Patron of Culture and Heritage in the Ministry of Education. She wants the quiz to showcase local languages on a national level. This will help protect and preserve Zimbabwe's culture and heritage. Students answered questions about proverbs, idioms, spellings, and riddles. They also translated English words into Shona. The children will also compete in a cooking contest, preparing traditional foods from their cultures. The launch was held at the Heritage Village in...
Elon Musk Challenges SA's BEE Laws Amid Starlink Expansion
Elon Musk Questions South Africa's BEE Laws Amid SpaceX Licensing Dispute. Elon Musk, the South African-born billionaire, has joined President Donald Trump in criticizing South Africa's policies. Musk asked President Cyril Ramaphosa on X, "Why do you have openly racist ownership laws?" The comment came a day after Trump threatened to cut funding to South Africa over its land expropriation laws. Musk's remarks relate to his company SpaceX's efforts to secure a license for its Starlink internet satellite service in South Africa without black economic empowerment (BEE) restrictions. South Africa's BEE laws generally require international companies to have 30% ownership by previously disadvantaged local groups. SpaceX has argued that...
China Hits Back with New Tariffs on US Goods
China Hits US with Tariffs, Escalating Trade Tensions. China has announced new tariffs on US goods. The tariffs range from 10% to 15%. They will start on February 10. This is in response to recent US tariffs on Chinese products. The US cited concerns over China's control of fentanyl. China's Finance Ministry said it will tax US coal and LNG at 15%. Crude oil, farm equipment, and some cars will face a 10% levy. China has also launched export controls on key minerals. It has opened an antitrust probe into Google. China's Commerce Ministry said it would sue at the WTO. It vowed to protect its interests. On Monday, President Trump delayed 25% tariffs on Canada and Mexico for 30 days. This eased trade war fears. Trump said tariffs...
Trade War Escalation Pushes Gold Toward Historical Highs
Gold Steady Near Record High as Trump Imposes China Tariffs. Gold prices held steady near an all-time high on Tuesday. This came after President Donald Trump placed 10% tariffs on Chinese goods. The move boosted demand for safe-haven assets. China quickly retaliated with various levies on US products. It also launched an antitrust probe into Google. The China trade war follows Trump's threat of 25% tariffs on Canada and Mexico. He later announced a one-month pause on those duties. Gold traded close to Monday's record peak above $2,830 an ounce. Uncertainty about the future is burnishing the metal's appeal as a store of value. The dollar's trajectory will be key. A stronger US currency makes gold pricier for many buyers. Major...
Zimbabwe Gears Up for Industrial Growth with ZNIDP2 Launch
New Industrial Policy Garners Strong Business Support. Zimbabwe's business leaders back the upcoming Zimbabwe National Industrial Development Policy 2 (ZNIDP2). The policy aims to boost economic growth from 2026 to 2030. The new policy builds on the success of the National Development Strategy 1 (NDS1), which exceeded some key targets. ZNIDP2 seeks to expand industrialization efforts and make Zimbabwe a regional manufacturing hub. The government focuses on private sector-led industrialization. Businesses are actively involved in developing ZNIDP2. The policy is set to launch in November. "We are fully committed to providing input for the policy," said Mike Kamungeremu, a Harare industrialist. The launch was delayed to allow for...
Innscor Africa to Build Solar Plant for Colcom Amid Energy Woes
Innscor Africa Gets License for Colcom Foods Solar Plant. Innscor Africa has received approval to build a solar power plant for its subsidiary, Colcom Foods. The Zimbabwe Energy Regulatory Authority (ZERA) granted the license. The plant will be located at Colcom's Workington industrial site in Harare. The solar facility will generate nearly one megawatt of electricity. Colcom will use this power for its operations. The company is one of Zimbabwe's biggest meat processors. The solar plant should reduce Colcom's energy expenses and make the company less reliant on the national power grid. Zimbabwe has faced major electricity challenges in recent years. In 2018, Innscor bought all minority shares in Colcom, making Colcom a wholly owned...
Zimbabwe's POTRAZ Warns Cyberbullies of Legal Consequences
POTRAZ Condemns Cyberbullying, Warns of Prosecution. The Postal and Telecommunications Regulatory Authority of Zimbabwe (POTRAZ) has spoken out against cyberbullying. It says it is a serious crime and that those who commit it could face legal consequences. Cyberbullying involves sending or posting harmful, scary, or embarrassing messages online. This could be on social media, in private chats, or on other digital platforms. POTRAZ wants victims or witnesses to report cyberbullying cases. The authority says it violates personal privacy. It is also against the law. Under Section 4 of Zimbabwe's Criminal Law Act, cyberbullying is punishable. Convicted offenders may face a fine, up to 10 years in prison, or both. POTRAZ warns that...
Zimbabwe's AMA Boosts Sunflower and Cotton Farming
AMA Expands Strategic Crop Contracting for Summer Season. The Agricultural Marketing Authority (AMA) is pushing for more strategic crop contracting this summer. They want to climate-proof agriculture in Zimbabwe. There are now 22 registered contractors, up from 19 last year. AMA CEO Clever Isaya said this shows confidence in Zimbabwe's farming sector. AMA has helped farmers and contractors work together well. This makes for smooth production programs. This year, 31,376 hectares of land are being used for sorghum, almost triple last year's 11,846 hectares. This is in keeping with the government's plan to grow more traditional grains. Sunflower production has also gone up. 17,892 hectares were contracted this year, compared to 15,075...
Zimplats Invests $850M in Major Mining and Expansion Projects
Zimplats Invests $850M in Capital Projects. Zimplats, Zimbabwe's leading platinum producer, has invested $850 million in capital projects as part of its $1.157 billion capital expenditure plan. The company shared this update in its quarterly report for the period ending December 31, 2024. The projects include the $386 million Mupani Mine development, which is replacing the depleted Rukodzi and Ngwarati mines, and a $544 million expansion and sulfur dioxide abatement plant project. Zimplats has also spent $32 million so far on the $190 million Base Metal Refinery refurbishment. Mupani Mine is on schedule to reach its full production capacity of 3.6 million tonnes per year in early 2029. The company has already spent $339 million on...
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