Bravura Holdings Ltd. – a firm owned by Nigerian tycoon Benedict Peters – plans to start production at a Zimbabwean lithium project early next year, a company official said.
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Zimbabwe in Talks with China for $533 Million Revamp of State Railway CompanyZimbabwe is in talks with China Railway Group Ltd. to help modernize the state-owned National Railways of Zimbabwe.
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Zimbabwe to Start Gold-Tracing System in Bid to Curb SmugglingZimbabwe’s sole authorized buyer of gold will introduce a system that traces supply of the metal from mines to the market in a bid to stop smuggling.
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Zimbabwe’s ZiG Crackdown Against Street Dealers Is Good News for BankersA monthlong-drive by Zimbabwean authorities to stifle the unofficial market in their new gold-backed currency is driving the business off the streets and into the bank.
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Zimbabwe to Seek ‘Deep Haircuts’ From Creditors Over $19 Billion DebtZimbabwe wants steep reductions in debt values from creditors whom it cumulatively owes $19.2 billion, as part of efforts to reorganize arrears that are a weight on the economy.
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Zimbabwe’s New Currency, the ZiG, Has Brought With It DeflationZimbabwe, which has become synonymous with runaway inflation, is now contending with deflation following the introduction of its new currency.
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Zimbabwe Says 60% of Its Population Needs Food Aid Until MarchZimbabwe said 9 million people — more than half of its population — will need food aid until March after the El Niño weather phenomenon resulted in a drought that decimated the nation’s corn crop, a staple in the southern African country.
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