🇿🇼ZimbabweSouthern Africa
Zimbabwe's economic landscape sees varied developments across sectors
via NewsDay Zimbabwe1 min read
Zimbabwe is experiencing a mix of economic and social developments. Tobacco exports have surged by 62% due to strong global demand. The government previously halted the export of lithium concentrates and other raw minerals in February, including consignments already in transit, but expects to resume lithium exports soon. Liquid has retired a US$620 million bond early and trimmed leverage with a new US$300 million issue. The Zimbabwe International Trade Fair has begun with a global business focus, and a new ZIDA platform aims to convert investor interest into deals. In other news, March rains have revived some crop conditions. CURE Zimbabwe is providing free windswept deformity surgery, and Bulawayo is nearing HIV epidemic control. Political tensions at grasslands plots have led to violent attacks and forced evictions.
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This summary was AI-generated from a story originally published by NewsDay Zimbabwe.
Must ReadThe Africa Finance Corporation AFC has successfully raised a record US$2 billion syndicated loan. This significant financial injection is intended to bolster the AFC's capacity to expand its investments in infrastructure and industrial ecosystems across the African continent. The corporation anticipates that these investments will play a crucial role in supporting trade, fostering economic growth, and creating new job opportunities throughout Africa.
The Zimbabwe Volleyball Association has announced its men's and women's national teams for the upcoming CAVB Zone VI Senior Nations Championship Qualifiers, which will be held in Harare from June 7 to 14 at Sunrise Sports Club. This tournament is a crucial step towards qualification for the 2028 Los Angeles Olympic Games. Zimbabwe will compete against Malawi, Namibia, South Africa, and Zambia. The men's team is coached by Itsanangu Abubasutu, assisted by Gift Chirebvu and Munyaradzi Mavima, with Farai Mboto as team manager. The women's team is led by head coach Memory Dube, assisted by Lead-me Muhlohla and Prisca Mhuru, and Febbie Dzomonda as team manager. Both teams recently participated in the Zim-Zam International Friendly Series in Lusaka as part of their preparations. South Africa is anticipated to be a strong contender in the qualifiers.
Must ReadART, a manufacturer, reported a decline in volumes for its exports and paper divisions by 6% and 26% respectively during the third quarter ending June 2022. This downturn was attributed to power outages and shortages of raw materials.
Samsung has initiated the global rollout of its One UI 8.5 software update, which introduces next-generation Galaxy AI capabilities, enhanced system customization, and a refined user interface. This update, based on Android 16, aims to improve photo-editing tools, revamp the Quick Panel, and integrate navigation and status bars more seamlessly. The rollout prioritizes flagship and recent foldable devices, with users of devices from the last three generations expected to receive the update throughout May and June. This includes the Galaxy S26, S25, S24, S23, and S22 series, as well as various Galaxy Z Fold, Z Flip, and Tab models. These premium devices will gain access to advanced studio-level photo assistance features, utilizing deep-learning generative AI for image alterations. Samsung is also extending the One UI 8.5 architecture to a wide range of mid-tier and budget A, M, and F-series smartphones, along with budget tablets and rugged XCover models. While some hardware-restricted Galaxy AI features may be scaled back on these more affordable devices, they will still benefit from the core visual overhaul, including updated three-dimensional visuals, improved lock screen personalization, and a customizable Quick Panel. However, a leaked roadmap from Samsung Hong Kong indicates that the Galaxy S21 series is not included in their regional eligibility, as these devices fall under an older four-year major OS upgrade guarantee, concluding their major feature updates with One UI 8