IN recent years, Zimbabwe’s construction industry has faced numerous challenges, including an economic downturn, limited access to financing, and political instability. These factors have affected growth and investment in the sector. However, the industry has shown resilience and witnessed some positive developments, such as, the recent influx of investments intoContinue Reading
Francis Mangwendeza, Owner and CEO of Asphalt Products, shares some insights into the inception of the company and its evolution over the years. “Asphalt Products was established in 1996 by myself and a colleague. Since then, we have undergone significant growth and evolution. Initially focused on providing road surfacing productsContinue Reading
China has offered to spend more than $1bn modernising the famous Tazara railway that links the port of Dar es Salaam in Tanzania to Zambia’s copper belt. The 1,860-km-long railway was built between 1970 and 1975, paid for with an interest-free loan from China. It has since fallen into disrepair,Continue Reading
Norwegian renewable energy developer Scatec has commenced construction of the 120 MW Mmadinare Solar Complex in Botswana. Located in Mmadinare District, near the former mining town of Selebi-Phikwe, the project will provide power to approximately 20,000 households. The project is 100% owned by Scatec and, upon completion, will supply power to the state-owned BotswanaContinue Reading
Botswana sees a recovery in economic growth this year and plans to increase spending on infrastructure development in a “stimulus” budget, its finance minister said on Monday. South Africa’s neighbour country’s economy was hit by a decline in demand for diamonds last year. The gems generate about 30% of itsContinue Reading
The ongoing delivery of the N2 Wild Cost Road (N2WCR) in South Africa has been lauded for its impact on the local community even before the effects of its fulfilment have been felt The multibillion rand project has been described as one of the most ambitious in the history ofContinue Reading
Cement & Concrete SA (CCSA), an organisation initially established 86 years ago as the Concrete Association of South Africa, has closed its doors after the four major domestic cement producers withdrew their funding. Quantum Readymix Concrete MD Calvin Billett said the closure is a sad day for SA because itContinue Reading
The country is losing out on mining investments to African nations with more favourable operational and regulatory environments. South Africa was once Africa’s undisputed mining champion. It built its major economy on gold and diamonds, particularly in the 20th century. But that status has been slipping, as was evident at theContinue Reading
The world’s largest mining company has a problem. Australia’s BHP has set out its intention to snap up the rival miner Anglo American in a multibillion-pound deal that would reshape the global industry. Its proposed £31bn takeover plan has already been rebuffed as a lowball offer that undervalues the company. But Anglo’sContinue Reading
BHP Group Ltd.’s proposal for Anglo American Plc to spin off platinum and iron ore units before a takeover would likely require approval from South African regulators, according to a government agency. Under BHP’s offer, Anglo would need to first divest its controlling interests in Kumba Iron Ore Ltd. andContinue Reading
