Zimbabwe’s largest coal producer, Makomo Resources, was ordered 15,000 metric tons of a variety of the fuel by Europe.
Finance director, Tenai Mungoni, said the coal will be shipped next month, without naming its final destination saying it was confidential, Bloomberg said. The coal will pass through the Beira port in Mozambique. However, the company is still negotiating with its authorities to this end.
“The inquiries we’ve had are as a result of the recovery in coal prices internationally and to date, we’ve had two firm orders from Europe,” Mr Mungoni said.
Let’s recall that last October, the firm got from the government of Zimbabwe the construction license for the Hwange coal-fired plant. The 660 MW infrastructure will consist of two 330 MW units, and help reduce national power deficit.
Makomo Resources produces 160,000 tons of coal each month, which it sells mostly to Zimbabwe Power Co, Zambian Breweries and traders in DR Congo. It aims to increase this output to 300,000 tons.
Louis-Nino Kansoun
Senegal launches 200 billion CFA bond in UEMOA Proceeds to fund 2026 budget, transformation agend...
Amazon begins talks with Kenya on low-Earth orbit satellite broadband Kenya’s digital market ...
Algeria’s NESDA and the Algerian‑Saudi Investment Company sign cooperation deal focused on researc...
DRC seeks ITC support for local battery value chains Musompo SEZ targets $2 billion private ...
BOAD says sovereign bond purchases are liquidity management Member states accelerate borrow...
Dangote orders over 1,000 CNG trucks from China’s BAIC FOTON Fleet expansion supports logistics modernization and lower fuel costs Initiative aligns...
Senegal Treasury urges insurers to increase investment in government securities Insurers provide under one-third of bank investment in state...
Angola launches UNESCO AI readiness assessment initiative Review to evaluate regulatory, technical and institutional capacity Program...
(ZINDI) - The GSMA and Zindi today announced the launch of the African Trust & Safety LLM Challenge, a landmark initiative designed to help define...
March is marked by festivals, conferences, workshops and other events celebrating women. In March 2026, a film program is dedicated to female directors...
Rwanda’s capital immediately impresses visitors with its striking cleanliness and orderly layout, qualities that frequently set it apart from other cities...