HARARE-Zimbabwean President Emmerson Mnangagwa, has assumed COMESA Chairmanship taking over the from Kenya’s President William Ruto at the 25th Heads of State and Government Summit held in Harare today In his acceptance speech,President Mnangagwa , called for accelerated modernisation and industrialisation to drive economic growth and raise living standards across the region. “The COMESA region must be modernised and industrialised through individual and collective efforts

HARARE —Zimbabwe's President Emmerson Mnangagwa has challenged businesses across the Common Market for Eastern and Southern Africa (COMESA) to ditch raw commodity exports in favour of value addition. President Mnangagwa was speaking at the opening of the 19th COMESA Business Forum in Harare on Tuesday. He rallied investors to pour capital into manufacturing, mineral beneficiation and cross-border supply chains to unlock the region’s economic potential. “Private sector p

Niger has issued Chinese oil companies with a 45-days ultimatum to address alleged breaches of their petroleum agreements, including the repatriation of more than $5.2 billion in crude oil export revenue, as the military-led government escalates pressure on its biggest oil-sector partner. Niger Foreign Minister Bakary Yaou Sangaré announced the deadline on state television on Wednesday, after a recent review of the commitments agreed with China National Petroleum Corporat

Ethiopia has opened its first gold refinery in Addis Ababa which has capacity of more than 600 tonnes of precious metals a year. The National Precious Metals Refinery has a shareholding threshold of 51% (Ethiopian Investment Holdings) and Sam Precious Metals holds 49 percent. Speaking at the inauguration,Prime Minister Abiy Ahmed. “The primary objective is to gradually reduce and replace the practice of exporting raw materials,"said Ahmed. In 2025/26 fiscal year ,gold earne

Zimbabwe’s exports to China rise in the first seven months of 2026, driven by lithium, steel and horticultural products Zimbabwe’s exports to China surge 142.4 per cent to US$1.44 billion in the first seven months of 2026, according to figures from China’s Ministry of Commerce cited byThe Herald, a TV BRICS partner. China’s share of Zimbabwe’s total exports rises from 12.5 per cent to 19.6 per cent. A newly signed phytosanitary protocol further opens the Chinese market to Zim

HARARE-Zimbabwean business tycoon and Zanu PF Senator Dr Kudakwashe Tagwirei has launched a US`$500,000 Youth Innovation Fund to provide financial support to young entrepreneurs and help turn innovative ideas into viable businesses. The fund was launched at the Harare City Centre SDA Church during the Marketplace for the Master Business Seminar, where Tagwirei delivered the keynote address and other speakers included Fossil CEO Obey Chimuka,businessman-cum-gospel musician

The African Union (AU) is set to launch the Africa Credit Rating Agency (AfCRA) today in a bid to bring a deeper understanding of African economies and markets to the global credit ratings landscape. Global Trade Review reports that the new agency will focus on strengthening Africa’s financial architecture and closing data gaps to make sure that African firms are “assessed fairly in international financial markets”. It will be self-funded and independent, and cover sovereign

African leaders accross the continent have renewed their commitment to accelerating continental integration, strengthening regional cooperation and advancing Agenda 2063 following the conclusion of the Eighth African Union (AU) Mid-Year Coordination Meeting (MYCM) on Sunday in El-Alamein, Arab Republic ofEgypt. The meeting was hosted by Egyptian President H.E. Abdel Fattah El-Sisi and it brought together Heads of State and Government, leaders of the African Union Commission

Lamu,Kenya-The ground-breaking ceremony of the $16 billion Kenyan oil refinery courtesy of Dangote Investments was held today. Nigerian business tycon Aliko Dangote has set an ambitous target of Africa being fuel self-sufficient by 2030. He was speaking at the ground-breaking ceremony of his company's $16 billion Kenyan oil refinery held today. "By 2030, the majority of African countries will be self-sufficient. It does not matter where it is refined, but it should be in t

Zimbabwe President Emmerson Mnangagwa has revealed that the southern Africa country's agriculture sector has recorded a "phenomenal 27,9 percent growth" since January. President Mnangagwa further said that this significant growth garnered 2.2 percentage points to the country’s 8.3% GDP growth. He also commended on the prevailing economic stability which he attributed to government's sound fiscal policies. "The country has achieved sustained macro-economic stability over a c

Captain Ibrahim Traoré has insisted on state control over Burkina Faso's natural resources Burkina Faso has opened its first gold refinery as the military-led government seeks to process more of the country's mineral wealth at home and tighten its control over one of its most important industries. Junta leader Ibrahim Traoré said the move was part of a wider effort to end the country's reliance on exporting raw materials for processing abroad. "We want to refine all our metal

South Africa and Zimbabwe are discussing an over $500 Million dam project to supply water to an industrial hub near their border, according to documents seen by Bloomberg. The proposed Thuli Moswa dam, to be built in Thuli in Zimbabwe, would have a storage capacity of about 430 million cubic metres and could supply as much as 90 million cubic meters of water to the Musina-Makhado Special Economic Zone in South Africa’s Limpopo province, according to the documents. “South Af

New York -Dangote Petroleum Refinery has been featured on a billboard at the Times Square in New York, United States (US). The Nigerian Billionaire,Aliko Dangote, president of Dangote Group, and David Bird, chief executive officer (CEO) of the refinery, witnessed the first beaming alongside flanked by other executives in front of the billboard in New York on Friday. The advertisement features the message “made in Nigeria. Built for the world,” alongside images of the refine

Aliko Dangote unveiled plans for a $3.5-billion, 2,650-kilometer pipeline across Southern Africa during an interview with Bloomberg TV anchor Francine Lacqua. Aliko Dangote plans to construct a 2,650-kilometer petroleum pipeline budgeted at over $3.5 billion to supply Southern African nations, addressing chronic energy distribution bottlenecks across the region. The project will extend across Namibia, Botswana, and South Africa. The Nigerian industrialist revealed the infrast

The World Bank Group has appointed a Zimbabwean national ,Mary-Jean Moyo, as the new International Finance Corporation (IFC) Division Director for Tanzania, Burundi, the Democratic Republic of Congo (DRC), Malawi, Zambia and Zimbabwe. Moyo, assumed the position on September 1, 2026. Before her appointment, Moyo served as Chief of Staff to the IFC Managing Director. She previously served as IFC Regional Industry Director for Manufacturing, Agribusiness and Services in the Mi

MAPUTO-The United Kingdom(UK) and Mozambique recently launched the Climate and Ocean Adaptation and Sustainable Transition, or COAST, facility, a new programme supporting sustainable fisheries, coastal resilience and mangrove restoration across Mozambique. The official launch took place in Maputo, with UK Special Representative for Nature Ruth Davis and representatives of the Government of Mozambique marking the start of the programme, which is expected to involve UK investme

Mvurwi-Zimbabwean leader,President Emmerson Mnangagwa who celebrated his 84th birthday today has rallied youths across the Southern African country to take up a leading role to steer development. Speaking at his birthday fete which coincides with the Munhumutapa Day holiday,President Emmerson Mnangagwa encouraged young people to position themselves for the country to attain prosperity. "I challenge, the young people to continue playing theirpart towards building a stronger,..

Zimbabwe's US$100 million Mapanzure Solar Park in Zvishavane is nearing completion. According to The Herald , the landmark investment is expected to inject substantial new renewable-energy capacity into the Midlands and provide a major boost to mining, manufacturing and other productive sectors. The two-phase project under the China-Zim Green Energy project, covers approximately 150 hectares, is designed to deliver 100MW on the Direct Current side and 85MW on the Alternating

Senegalese footballer and Al-Nassr player ,Sadio Mané, is developing a US$25 million major agro-industrial project in Bambaly, his hometown situated within the Sédhiou region. The Bambaly Agro-Industrial Park in Casamance, is a 500-hectare agribusiness project run by his company SM10 Agro. Located in the Boudhié Mar area, five kilometres from his native village of Bambaly in the Sédhiou region, the facility will focus on fruit production and processing, targeting an annual c

American multinational card payment services corporation,Mastercard has partnered with Busha, a pan-African digital asset exchange, to expand Mastercard Crypto Credential across Africa and bring greater trust and simplicity to digital asset transfers. This effectively mean all eligible Busha users in Nigeria are enabled to use a unique Crypto Credential alias, expanding the network of verified users and making it easier to send and receive cryptocurrency across participating