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
Except for Tunisia entering the Top 10 at Libya’s expense, and Morocco moving up to sixth ahead of A...
Circular migration is based on structured, value-added mobility between countries of origin and host...
Urban employment reached 53.7% in WAEMU in early 2025 Most jobs remain informal, low-paid, and in...
African startup M&A hits record 67 deals in 2025 Consolidation driven by funding pressures and ex...
CBE introduced CBE Connect in partnership with fintech StarPay. The platform enables cross-border...
Royal Air Maroc signed a deal with DAE to lease 13 Boeing 737-8 aircraft. Deliveries are scheduled for 2027 as part of the airline’s expansion...
Burkina Faso and Mali absorbed over 47% of Côte d’Ivoire’s palm oil exports in 2024. Côte d’Ivoire exported CFA90.1 billion of palm oil to the two...
GTCO completed a 10-billion-naira private placement on January 30, 2026. The deal involved 125 million new shares issued at 80 naira each. The capital...
Sonangol raised $750m via its debut international bond, a five-year private placement, marking a key step in Angola’s return to global debt...
The Khomani Cultural Landscape is a cultural site located in northern South Africa, in the Northern Cape province, near the Kgalagadi Transfrontier Park....
Three African productions secured places among the 22 films competing for the Golden Bear at the 76th Berlin International Film Festival. Berlinale...