China
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The European Union has strongly condemned the latest tariffs imposed by U.S. President Donald Trump, warning that the move poses a “major blow to the world economy.” The tariffs, which target key global exports, have sparked international concern, with China vowing swift retaliation against what it describes as an act of economic aggression. In a […]
Zimbabwe’s tobacco industry recorded an all-time high of US$1.3 billion in export earnings for 2024, marking the second consecutive year surpassing the US$1 billion milestone. The Tobacco Industry and Marketing Board (TIMB) reported that by December 27, 243.3 million kilograms of tobacco had been exported, generating US$1.39 billion. This reflects an increase from 2023, where […]
A delegation of 29 officials from the National Railways of Zimbabwe (NRZ) are currently in Shanghai, China attending a seminar on railway construction and operation management. Hosted and funded by the Chinese government, the seminar offers a unique opportunity for the NRZ team to learn from China’s advanced railway technologies and management systems. The delegation […]
The Zimbabwe Electricity Transmission and Distribution Company (ZETDC) Group Finance Director Mr. Eliab Chikwenhere says there is urgent need for investment in capital-intensive projects such as Hwange Electricity Supply Company (HESCO), as a way to improve power generation in the country. HESCO is a $1,5 billion project funded by China Exim Bank, Sinohydro and the […]
The National Railways of Zimbabwe (NRZ) has concluded a feasibility study with Chinese company TransTech, a subsidiary of China Railway International Group. The study explores a potential $533 million investment for modernizing rail systems which will see the provision of locomotives and other rail equipment, construction of a new Beitbridge-Harare railway line as well as […]
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