Mining is killing Zim: without strong manufacturing/tech industry to absorb & add value, it's creating short‑term gains while undermining long‑term resilience. Our mining is operating as an “enclave economy,” enriching elites & foreign investors but leaving communities in poverty
[CHINA - ZIMBABWE]
Zimbabwe holds Africa's largest lithium reserves. Yet Chinese companies are now estimated to control nearly 90% of those reserves, raising concerns over how much value the country will ultimately capture from this strategic resource.
Indian🇮🇳 billionaire Anil Agarwal's Vedanta seeks New York IPO to fund Zambia’s copper expansion
Vedanta Resources, led by billionaire Anil Agarwal, is seeking fresh capital for its Zambian🇿🇲 copper operations through a planned New York stock market listing, as the mining group looks to accelerate production at one of Africa’s most important copper assets.
Zimbabwe has set ambitious renewable-energy goals, & utility-scale solar is becoming a recurring part of the conversation. Whether approved or not, Econet InfraCo's proposal reflects a broader shift toward private-sector participation in the country’s energy transition. #dailyviz
@tinomadzungu@baba_nyenyedzi Look at it this way: everytime you need a new improves model you'll need at least US$180 million for training alone - then think about the compute power you'll need for inference. All this is Capex, and the NVDIA GPUs that are serving as the core asset have max life span of 3yrs!
@DanielSmidstrup Because Apple is not willing to burn through their cash stockpiles for something that's not yet profitable. Mircosoft is about to learn that hard lesson. Apple 've chosen to ride on the Alphabet AI stack instead.
@tinomadzungu@baba_nyenyedzi Industries that are losing out the most to AI are IP holders. AI is basically distilling, creating and descerminating its own works bases on IP that it's not purchasing or paying royalties for. That's an interesting anomaly in the capitalist economy equation!
@tinomadzungu@baba_nyenyedzi What it has done mostly is to break the barriers of entry into certain industries, while disrupting knowledge-based professions.