Sanctioned by the West and spurned by China, Zimbabwe has turned to the United Arab Emirates in its latest bid to find a savior that can arrest the collapse of its economy. Zimbabwe’s government has approached the U.A.E. in hopes of selling a stake in its national oil company. President Emmerson Mnangagwa has said U.A.E. investors will build solar plants in Zimbabwe, and U.A.E. President Sheikh Khalifa bin Zayed Al Nahyan a year ago issued a decree to open an embassy in Zimbabwe. Dubai also contributed to relief efforts when Zimbabwe was hit by a cyclone last year.
SOURCE: AL JAZEERA
More Stories
MTN Hacked Just as it Launches Mobile Payments in Nigeria
Tanzania, like Many other African Countries, Wants to Stop Depending on Fertiliser from Russia
Equipping African and Africa-focused Startups with PR Tools
Zimbabwean Fishing Communities Fear for Future as Stocks Dwindle
South Africa Still Far from Fair Digital Migration
Pan African Parliament President Elected
Ethiopian Farmers Face a Double-edged Sword
Germany To Return Goddess Statue that was Stolen from Cameroon 120 Years Ago
Lumumba’s Family Closes a Painful Chapter
40 African Cities Feature on the 2021 Cost of Living City Ranking List
A Mangrove Project is the Star of Kenya’s Gazi Bay
Not Enough Females Operating in the African Venture Capital Space