Africa Business Southern Africa World Zimbabwe 

Zimbabwe secures $108 mln to fix power crisis

Zimbabwe’s government said it has secured combined loans of $108 million from the Export-Import Bank of China and Export-Import Bank of India to fix its power crisis. The state-run Herald newspaper reports that the government concluded the loan agreements in the last few months. The loans according to government officials should significantly help to the country’s power generation projects and broadband expansion. Areas to receive boost and upgrade according to the government are Bulawayo and Hwange. Zimbabwe has been experiencing power crisis since May this year, with parts of the…

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Africa Southern Africa World Zimbabwe 

Food crisis hits Zimbabwe with over 5 million in need of aid

Zimbabwe has been hit by a food crisis with more than five million people in dire need of food aid. The United Nations has said that most of those without food are close to starvation. The World Food Programme (WFP) on Tuesday launched a $331m appeal to help the country. Zimbabwe is currently battling the effects of drought, a cyclone and an economic crisis. David Beasley, head of the WFP has said that many people are “in crisis emergency mode… marching towards starvation”. Mr Beasley said at the launch that “We…

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World Bank to Contribute Millions to Help Kenya Withstand Drought

In response to the ongoing crisis in the Horn of Africa, the World Bank is planning to provide Kenya with tens of millions of dollars to improve the country’s defenses against future droughts. The drought and famine currently rippling through east Africa has shown no signs of slowing.  With governments, businesses and people around the world ramping up relief efforts, the World Bank has also decided to intervene. A team of technical experts on emergency disaster recovery recently wrapped up a mission to assess the needs of the people and…

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