Zimbabwe admitted as borrowing member of BRICS New Development Bank
via NewsDay Zimbabwe1 min read
Zimbabwe has been admitted as a borrowing member of the BRICS New Development Bank. This development comes as the country is also focusing on various internal initiatives, including strengthening reintegration support for returning citizens, government infrastructure projects, and sports facilities. Efforts are also underway to enhance El Ni帽o preparedness, with ARDA delivering 120,000MT. Additionally, new grain levies are being proposed to address climate and food security risks. In the financial sector, POSB declared a record US$5.1 million dividend, while in agriculture, Buhera farmers are increasingly embracing crop insurance, with over 1,700 farmers participating this season. Zimbabwe has also commissioned a specialized honey testing laboratory to boost export competitiveness.
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Must ReadThe Zimbabwe Energy Regulatory Authority ZERA will conduct a nationwide energy survey this year with the Zimbabwe National Statistics Agency ZIMSTAT. The survey aims to determine the proportion of Zimbabwe's electricity demand met by privately-funded solar systems, as households and businesses increasingly adopt self-generation due to ongoing power supply challenges. ZERA chief executive officer Edington Mazambani noted a steady increase in private solar investment, citing 94MW from net metering and 117MW from operational utility-scale independent power producer projects, alongside other off-grid solutions. Despite this private sector expansion, Mazambani affirmed the government's commitment to public electricity generation projects through the Zimbabwe Power Company ZPC.
The Premier Soccer League PSL has postponed the Highlanders-Chicken Inn derby following the tragic death of officials from the Highlanders Football Club Bosso. This decision comes amidst other news from Zimbabwe, including discussions around proposed grain levies, the performance of the Post Office Savings Bank POSB which declared a record US$5.1 million dividend, and various economic and political developments. The article also touches on issues like power outages affecting ART operations, the commissioning of a specialized honey testing laboratory, and humanitarian efforts to support returning citizens.
An African energy chief stated that Zimbabwe's energy reforms are sparking investor confidence. This development comes amidst various other news items in Zimbabwe, including reports on infrastructure projects, agricultural initiatives like ARDA delivering 120,000MT and Buhera farmers embracing crop insurance, and economic updates such as POSB declaring a record US$5.1 million dividend. Other notable events include the completion of the Plumtree-Victoria Falls fibre upgrade project and the commissioning of a specialized honey testing laboratory to boost export competitiveness.