Latest news with #Zimbabwe
Bloomberg
an hour ago
- Business
- Bloomberg
US Court Rules in Zimbabwe's Favor Over $93 Million Mining Dispute
A US court has dismissed a case brought by two Mauritian companies seeking to enforce a decade-old arbitration award against a Zimbabwean state-owned miner. The US Court of Appeals, District of Columbia Circuit, ordered the case brought by Amaplat Mauritius Ltd. and Amari Nickel against the Zimbabwe Mining Development Corp. be dismissed, citing a lack of jurisdiction.
Telegraph
an hour ago
- Politics
- Telegraph
Telegraph style book: Zz
Z Zaghari-Ratcliffe, Nazanin Zanu-PF: the party that ruled Zimbabwe after independence Zeffirelli, Franco Zeta Jones, Catherine Zelensky, Volodymyr (President of Ukraine)
The Independent
2 hours ago
- Sport
- The Independent
Zimbabwe vs New Zealand LIVE: Cricket score and updates from Twenty20 Tri-Series in Zimbabwe 2025
Follow live coverage of Zimbabwe vs New Zealand from the Twenty20 Tri-Series in Zimbabwe 2025 today. The ICC Test Championship sees nine teams compete across a two-year cycle of matches before a two-team final decides the winner. The inaugural competition was won by New Zealand after a thrilling victory over India in June 2021. The 50-over World Cup is far older and has been competed for since back in 1975. Australia are the record winners having run out victorious on five occasions (1987, 1999, 2003, 2007 and 2015). England took the 2019 crown after a dramatic Ben Stokes-inspired super-over win over New Zealand at Lord's. The shortest form of the game sees teams compete in Twenty20. The newest format has been an instant global hit with a number of hugely-lucrative competitions massively popular all over the world. Australia are reigning world champions having taken victory in the 2021 tournament. Follow all the latest live coverage of today's match in the live blog below: Zimbabwe vs New Zealand Follow live coverage of Zimbabwe vs New Zealand from the Twenty20 Tri-Series in Zimbabwe 2025 today. The ICC Test Championship sees nine teams compete across a two-year cycle of matches before a two-team final decides the winner. The inaugural competition was won by New Zealand after a thrilling victory over India in June 2021. The 50-over World Cup is far older and has been competed for since back in 1975. Australia are the record winners having run out victorious on five occasions (1987, 1999, 2003, 2007 and 2015). England took the 2019 crown after a dramatic Ben Stokes-inspired super-over win over New Zealand at Lord's. The shortest form of the game sees teams compete in Twenty20. The newest format has been an instant global hit with a number of hugely-lucrative competitions massively popular all over the world. Australia are reigning world champions having taken victory in the 2021 tournament. 17 July 2025 12:00
Zawya
2 hours ago
- Business
- Zawya
Senegal, Zimbabwe, eight other African countries with highest petrol prices in July 2025
An increase in fuel prices often concerns consumers and governments across many African countries, as fuel plays a crucial role in manufacturing, transportation, and agriculture. The following, according to are top 10 African countries with highest fuel prices in July 2025. The Central African Republic leads Africa in high fuel prices with $1.869 (₦ 2857.859) despite its natural resources. This stems from limited refining, ongoing political instability, and expensive imports. These factors inflate pump rates, severely impacting transportation and commodity costs, burdening its economy and citizens. Senegal Senegal's current fuel prices are high at the rate of $1.762 (₦ 2,694.553) because the government has cut back on the money it used to spend to keep fuel affordable, and the value of the country's money keeps changing. Because of these two problems, even though the country is trying to improve its energy systems, every day, people are stuck paying more for things like transportation and imported goods, which makes daily life and business more expensive. Zimbabwe Zimbabwe faces high fuel prices due to inflation, a weak local currency, and full reliance on imported fuel paid for in scarce foreign currency. Despite its key location in Southern Africa, the country lacks its fuel production and faces high transport costs. As a result, fuel costs $1.560 (₦ 2385.412), raising the cost of goods and transport, putting pressure on businesses and making daily life harder for citizens. Ivory Coast At $1.522 (₦ 2327.114 ) per litre, Ivory Coast's economy is growing fast, but rising fuel prices are negatively affecting household budgets and increasing the cost of living. Experts link the price hikes to global oil market changes and high import and transport costs. These challenges put pressure on the country's economy and reduce what consumers can afford. Burkina Faso With fuel prices at $1.513 (₦ 2313.505), its affordability in Burkina Faso has worsened due to rising global oil prices and internal security issues that disrupt supply chains. This has led to higher pump prices, especially hurting remote rural areas that depend on poor road networks for essential goods, deepening their economic struggles. Cameroon Cameroon raised fuel prices, currently selling at $1.495 (₦ 2286.287) per litre, due to subsidy cuts and efforts to liberalise its petroleum sector, aiming to ease pressure on the national budget. While this helps government finances, it has made fuel more expensive for citizens, increasing transport costs and raising the overall cost of living. Malawi Malawi sells fuel at $1.457 (₦ 2227.843) per litre, considering that its landlocked location and reliance on distant ports drive up fuel costs due to high transport and logistics expenses. With limited subsidies and a pricing system tied to global oil prices and exchange rates, fuel prices quickly rise when the Kwacha (its official currency )weakens or oil costs increase, causing higher transport costs, pricier goods, and greater economic strain for citizens. Uganda Uganda is working toward becoming a major oil producer, which could boost its economy. Although currently selling at $1.435 (₦ 2197.856) per litre, delays in building refineries and pipelines, along with certain tax policies, mean the country still relies on fuel imports. As a result, fuel prices remain high, causing current financial strain for citizens despite hopes of future relief once local production begins. Morocco Morocco's rising fuel prices are pressuring household budgets due to its heavy reliance on imported petroleum, especially after shutting down its only refinery in 2015. With little local oil production, global price hikes quickly impact local pump rates, making energy costly and affecting transportation and essential goods across the country. It sells fuel at $1.436 (₦ 2195.670) per litre. Kenya In Kenya, fuel is sold at $1.428 (₦ 2183.145) per litre. High fuel prices stem from reliance on imports, global market volatility, and the gradual removal of government subsidies. Heavy taxes and levies, along with distribution challenges, further raise costs. These factors pressure household budgets and drive inflation. While Kenya is working toward renewable energy, the urgent issue remains making conventional fuel more affordable for citizens. Copyright © 2022 Nigerian Tribune Provided by SyndiGate Media Inc. (
Zawya
3 hours ago
- Business
- Zawya
Namib Minerals plans to spend $300mln to restart Zimbabwe mines
Namib Minerals owns three gold mines in Zimbabwe, including the How mine, which is currently in operation. Tall said the funds would restart the group's Mazowe and Redwing mines, where production was halted in 2018 and 2019 respectively due to adverse economic conditions. Namib Minerals, which debuted on the Nasdaq in June, was created through the merger of assets previously owned by Metallon Corporation and US firm Red Rock Acquisition Corporation, formerly known as Hennessy Capital Investment Corp. VI. Production at the two suspended mines could resume within 18 to 24 months of Namib Minerals securing financing for their relaunch, said Tall, who added that the company was exploring various options of raising the required capital. 'Interest from investors on Nasdaq has been very good,' he said in an interview in Zimbabwe's capital, Harare. Mazowe, located north of Harare, holds 1.2-million ounces of gold at an average grade of 8.4 grams per metric ton while Redwing, near the border with Mozambique, contains 2.5 million ounces at a grade of 3.07 grams per ton. Namib Minerals' How Mine near Bulawayo produced 37 000 ounces of gold in 2024, a 9% increase on the previous year's output. Zimbabwe's gold mines, which have for years struggled as a result of currency and policy volatility, are starting to expand output in response to record-high gold prices and relatively stable political and economic conditions. Caledonia Mining Corp, which owns the Blanket Mine, is exploring options to raise around $250-million to build what could be Zimbabwe's biggest gold mine. © Copyright The Zimbabwean. All rights reserved. Provided by SyndiGate Media Inc. (
