GridAfrica, Huawei Launch 72 MW Solar Project in Zimbabwe
The partnership is poised to help alleviate pressure on Zimbabwe’s grid while improving efficiency in the mining sector.
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The partnership is poised to help alleviate pressure on Zimbabwe’s grid while improving efficiency in the mining sector.
Minister of Mines and Mining Development Polite Kambamura will showcase Zimbabwe’s critical mineral investment opportunities, underpinned by recent policy reforms and downstream infrastructure expansion.
The lithium concentrator will be owned and operated by British and Chinese investors for six years before being handed over to the government of Zimbabwe.
Invictus Energy will utilize the funds to test Mukuyu-2 flow and develop early monetization opportunities.
Zimbabwe, Africa’s largest lithium producer, has plans to bolster domestic refining capacity, leveraging newfound investments and heightened global demand.
Contango Holdings will receive $2 million from investment firm Huo Investments for a share subscription agreement for the Muchesu coal project in Zimbabwe.
Afreximbank has signed two deals totalling $80 million with CBZ Bank to support Zimbabwean SMEs and enhance trade activities through a line of credit and a trade facilitation program.
Tsingshan Holding Group has commenced operations at its $1 billion steel production plant in central Zimbabwe
Zimbabwe aims to produce 40 tons of gold in 2024.
The financial package aims to support intra-African trade and commerce for Zimbabwean SMEs.