Zimbabwe: Currency crisis robs Bell of record year

Zimbabwe: Currency crisis robs Bell of record year

A new currency regime in Zimbabwe robbed Bell Equipment of a record financial year, giving the company a R87.4-million “ankle-tap that went straight to the bottom line”, said CEO Leon Goosen on Monday. Advertisements

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Africa: Botswana’s president denies report of $600 million diamond-backed loan to Zimbabwe

Africa: Botswana’s president denies report of $600 million diamond-backed loan to Zimbabwe

GABORONE – Botswana’s president on Friday dismissed a report that the country had offered Zimbabwe a $600 million diamond-backed loan and said his government had only offered to guarantee a $100 million private credit line for Botswana companies to invest in their troubled neighbour.

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Africa: Botswana to support Zimbabwe diamond industry with $600m in loans — report

Africa: Botswana to support Zimbabwe diamond industry with $600m in loans — report

Botswana has offered to lend Zimbabwe $600 million to support its diamond industry and local private firms, a state-owned newspaper reported on Tuesday, amid a severe dollar crunch in the southern African nation.

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Mining vs Safety: Zimbabwean rescuers pull 22 bodies from mine, eight more found alive

Mining vs Safety: Zimbabwean rescuers pull 22 bodies from mine, eight more found alive

Zimbabwean rescuers pulled the bodies of at least 22 illegal gold miners out of shafts west of Harare that were flooded earlier in the week, and rescued eight more alive, officials and witnesses said on Saturday.

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Africa Energy: Zimbabwe electricity imports to continue until 2027

Africa Energy: Zimbabwe electricity imports to continue until 2027

Zimbabwe is expected to continue relying on electricity imports for the next eight years due to lack of investment in the sector, a leading international think-tank has said quoted by Bulawayo News.

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Africa Oil & Gas: Zimbabwe Now Has The Most Expensive Gasoline In The World

Africa Oil & Gas: Zimbabwe Now Has The Most Expensive Gasoline In The World

Zimbabwe is on a three-day nationwide strike and protests are erupting in the streets after the government of the southern African country doubled fuel prices, making gasoline sold in Zimbabwe the most expensive gasoline in the world.

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Africa Mining: Zimbabwe mining minister invites De Beers, Vast Resources to return

Africa Mining: Zimbabwe mining minister invites De Beers, Vast Resources to return

De Beers and Vast Resources will be allowed to explore for diamonds in Zimbabwe, which would make them the first listed companies to mine there in that sector for two years, Mining Minister Winston Chitando said.

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Africa Mining: “Zimbabwe’s handling of diamond industry the ultimate test for Mnangagwa’s reform” – report

Africa Mining: “Zimbabwe’s handling of diamond industry the ultimate test for Mnangagwa’s reform” – report

Zimbabwean President Emmerson Mnangagwa is under growing pressure one year after taking office following the removal of long-time leader Robert Mugabe. That pressure may be about to increase if his handling of the diamond industry doesn’t reflect his alleged commitment to economic reform and anti-corruption.

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