Economy

Economy

economy

China Turns to African Oil after Iran Ban

China Turns to African Oil after Iran Ban

Africa-Press - Zimbabwe. The petrochemical company Hengli, one of the largest independent refining companies in China, has begun shifting towards purchasing oil...
East Africa Budgets Face War and Debt Pressure

East Africa Budgets Face War and Debt Pressure

Africa-Press - Zimbabwe. The governments of Kenya, Uganda, and Tanzania have presented their budgets for the fiscal year 2026-2027 amid increasing economic...
Africa Growth Stays Resilient Amid Global Turmoil

Africa Growth Stays Resilient Amid Global Turmoil

Africa-Press - Zimbabwe. African economies are expected to grow by 4.2% in 2026, a slight decrease from the 4.4% recorded in 2025,...
Africa Growth Stays Resilient Amid Global Turmoil

Africa Growth Stays Resilient Amid Global Turmoil

Africa-Press - Zimbabwe. African economies are expected to grow by 4.2% in 2026, a slight decrease from the 4.4% recorded in 2025,...
Govt Moves To End The Use Of Mercury In Small-Scale Gold Mining

Govt Moves To End The Use Of Mercury In Small-Scale Gold Mining

The Government has stepped up efforts to end the use of mercury in artisanal and small-scale gold mining. Officials are collecting baseline data and carrying...
India Buys Oil from West Africa

India Buys Oil from West Africa

Africa-Press - Zimbabwe. India has purchased approximately 5 million barrels of crude oil from West Africa and the Middle East through a...
Iran War could Push Oil to $150 a Barrel

Iran War could Push Oil to $150 a Barrel

Africa-Press - Zimbabwe. Bilal Shaib, an economic expert, confirmed that the American war on Iran is exacerbating existing crises such as the...
Zimbabwe Classifies Key Minerals As Critical To Boost Value Addition

Zimbabwe Classifies Key Minerals As Critical To Boost Value Addition

The Government of Zimbabwe has classified several minerals as critical, special critical and strategic to strengthen strategic planning, beneficiation and sustainable exploitation. The new policy...
OK Zimbabwe Suspends Worker Salaries Indefinitely

OK Zimbabwe Suspends Worker Salaries Indefinitely

Workers at OK Zimbabwe Limited have been dealt a major blow after the retail giant suspended all salaries and wages with immediate effect. In...
Smart Meter Rollout In Harare Hit By Vandalism, Theft

Smart Meter Rollout In Harare Hit By Vandalism, Theft

The Harare City Council’s smart water meter rollout programme is being disrupted by a wave of thefts and vandalism targeting the newly installed devices. In...