Zambia and Zimbabwe each pledged $220 million to revive the stalled $4.2 billion Batoka Gorge hydropower project. The development aims to ease power shortages after drought-hit generation at Kariba. The 2,400MW cross-border plant will be developed under a public-private partnership, with both governments seeking equity partners to improve bankability. Updated feasibility studies are underway as a joint committee works to mobilize additional financing.

Zimbabwe is preparing to launch its third satellite, ZimSat-3, to expand the use of space-based data in agriculture, mining, environmental management and urban planning. Prioritized under National Development Strategy 2, the satellite will provide high-resolution earth-observation imagery to support precision farming, climate monitoring and resource exploration. The project builds on earlier satellite launches and aims to strengthen digital transformation and data sovereignty.

Zimbabwe’s gold-backed ZiG currency has strengthened to its highest level against the US dollar since January, supported by a global surge in gold prices and tight monetary policy. The unit traded at 25.98 per dollar as rising bullion values boosted reserve backing. The central bank says continued gold purchases and high interest rates are supporting stability, though adoption remains cautious amid memories of past currency failures.