A Cabanga Africa Publication

Africa Thinks Here

On-the-ground business intelligence in South Africa & Eswatini, since July 2019.

Section

Economics

Nestle Zimbabwe Wins Case Against ZIMRA over Invalid Tax Assessments

Nestle Zimbabwe Wins Case Against ZIMRA over Invalid Tax Assessments

On May 24, 2023, the High Court of Zimbabwe ruled in favor of Nestle Zimbabwe (Pvt) Ltd in a case against the Zimbabwe Revenue Authority (ZIMRA) regarding invalid tax assessments. The court declared the assessments issued by ZIMRA on January 17, 2022, for the tax...

Citibank invests in Zimbabwean Oil Exploration amidst US Sanctions

Citibank, a US bank, has invested in Invictus Energy through its Citicorp group, amidst US sanctions on Zimbabwe. Citibank's investment is a vote of confidence in Zimbabwe's oil and gas potential. Now, hold on here; how can this be? In 2022, Invictus Energy, a...

The Great Man-Made River (GMMR) in Africa

The Great Man-Made River (GMMR) in Africa

Libya is home to one of the most incredible engineering feats in the world – the Great Man-Made River Project. This network of pipes supplies water from the Sahara Desert to the cities of Libya, providing irrigation and drinking water to millions of people. The...

The $11BN Underwater Railway connecting Hong-Kong and mainland China

The $11BN Underwater Railway connecting Hong-Kong and mainland China

Hong Kong, a bustling metropolis known for its towering skyscrapers and vibrant culture, is set to undergo a major transformation with the completion of the new multi-billion dollar Sha Tin to Central link. The project, which includes an underwater railway connecting...

10 Business Opportunities in Renewable Energy in South Africa

10 Business Opportunities in Renewable Energy in South Africa

A country with abundant natural resources, including a high level of solar radiation, making it an ideal location for renewable energy projects; there are at least 10 notable Business Opportunities in Renewable Energy in South Africa. According to a report by Research...