US envoy highlights rule of law and policy certainty for Zimbabwe investment
via NewsDay Zimbabwe1 min read
A US envoy has stated that the rule of law and policy certainty are crucial for attracting investment to Zimbabwe. This comes amidst various local developments, including Econet launching new data bundles, ARDA delivering 120,000 metric tons of produce as Zimbabwe prepares for El Ni帽o, and proposed new grain levies to address climate and food security risks. Other news includes political tensions leading to violence, power outages and raw material shortages affecting ART operations, and the commissioning of a specialized honey testing laboratory to boost export competitiveness.
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Afreximbank's digital ecosystem has enabled a Zimbabwean firm to secure a landmark US$5.3 million fuel deal. This initiative aims to expand access to trade finance, allowing more businesses to participate in regional and international trade. The development highlights how digital platforms are streamlining trade processes and fostering greater economic engagement across borders.
Must ReadZimbabwe has commissioned a specialized honey testing laboratory to enhance its export competitiveness. This development comes as the country also focuses on El Ni帽o preparedness, with ARDA delivering 120,000MT. Other news includes a parliamentary committee recommending a commission of inquiry into the Hwange governance dispute, proposed new grain levies to address climate and food security risks, and Econet launching XtraData Bundles. ART operations have been affected by power outages and raw material shortages, leading to a decline in export and paper division volumes in the third quarter to June 2022.
Must ReadA study by Chinese geologists has raised concerns about the structural stability of the world鈥檚 largest hydropower project on the Brahmaputra River in Tibet. The study, published in the Chinese-language journal Sedimentary Geology and Tethyan Geology, indicates that the Paizhen Fault, an active fault line beneath the dam, could significantly impact its infrastructure. Researchers from the Chengdu University of Technology, the Civil-Military Integration Centre of the China Geological Survey, and the Middle Yarlung Zangbo River Natural Resources Observation and Research Station found that prolonged fault activity has weakened surrounding rock formations, making the dam and other nearby structures vulnerable. The Paizhen area, where construction is underway, is located in the Himalayan seismic belt, a region prone to earthquakes. The geologists cited the 2017 magnitude 6.9 earthquake in Milin, Tibet, as evidence of ongoing seismic activity and warned that regional seismic action could induce landslides and collapses, threatening the safety of facilities and personnel. They recommend reinforcing vulnerable slopes and installing retaining structures. China, however, has consistently maintained that the project meets the highest industry standards, prioritizes ecological protection, and will help prevent disasters, despite the site being on a tectonic plate boundary that experiences frequent earthquakes.