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AfricaEconomy

Zambians struggle with electricity shortages driven by drought

Zambia is currently grappling with significant electricity shortages, largely driven by severe drought conditions that have affected hydroelectric power generation, the backbone of the country’s energy supply. Approximately 80% of Zambia’s electricity comes from hydropower, primarily from the Kariba Dam, which relies on consistent water levels. Unfortunately, extended dry spells have…
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AfricaEconomy

Libya resumes oil production

Libya has officially resumed oil production, marking a pivotal moment for a nation heavily reliant on its petroleum resources. Following years of political turmoil and conflict, the resumption signals not only a potential economic recovery but also a step towards stabilizing a fragmented political landscape. Oil is the backbone of Libya’s economy, accounting for nearly 90% of government…
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AfricaEconomy

Zambian President Hakainde Hichilema Projects 3 year Economic Growth

Zambian President Hakainde Hichilema has outlined an ambitious plan aimed at achieving significant economic growth over the next three years. His administration is focused on stabilizing the economy, attracting foreign investment, and promoting sustainable development across various sectors. Key components of Hichilema’s economic growth strategy include enhancing the business environment…
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AfricaEconomy

Top African lithium producer, Zimbabwe plans incentives to encourage mineral processing

Zimbabwe, recognized as one of Africa’s leading lithium producers, is taking significant steps to boost its mineral processing capabilities. The government aims to introduce incentives that encourage local processing of lithium, which is essential for electric vehicle batteries and various technological applications. The push for mineral processing is part of Zimbabwe’s broader strategy…
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AfricaEconomy

Uganda to increase state share in mining

Uganda is moving forward with plans to increase its state share in the mining sector, a strategic decision aimed at maximizing national benefits from its rich mineral resources. The government’s initiative reflects a growing recognition of the need to ensure that local populations and the state derive significant value from mining activities, particularly as the sector continues to…
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AfricaEconomy

Zimbabwe urged to emulate Kenya’s GenZ digital activism

Zimbabwe has been encouraged to look to Kenya’s vibrant Gen Z digital activism as a model for driving social change and civic engagement. In recent years, Kenyan youth have harnessed the power of social media and digital platforms to advocate for various causes, ranging from climate change to governance and human rights. Their innovative approaches have not only amplified their voices but…
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AfricaEconomyPolitics

Zimbabwean's new currency continues to depreciate

Zimbabwe’s new currency, the Zimbabwean dollar, continues to experience significant depreciation, raising alarms among economists and everyday citizens alike. This persistent decline has been driven by a mix of factors, including high inflation, a lack of confidence in monetary policy, and ongoing economic challenges. Since its reintroduction in 2019, the Zimbabwean dollar has struggled to…
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