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Investing in Zimbabwe

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Health in Doubt, Mugabe, 87, Vows to Stay in Power
New York Times  May 21  Comment 
Even as Zimbabwe’s president boasts that he will live to 100, officials in his party and in South Africa worry about what will happen if he dies in office.
Econet Wireless Spent $400 Million on Network Upgrades
Cellular News  May 20  Comment 
Zimbabwe based Econet Wireless says that it has spent US$400 million on an upgrade of its network, Rangarirai Mberi, Group Corporate Communications Manager, Click here for more.
Zimbabwe may sell diamonds to launch gold backed currency
Commodity Online  May 20  Comment 
Zimbabwe may sell diamonds for gold so that it can have a gold backed currency according to a recent proposal from the governor of Zimbabwe s central bank.
SABMiller's Zimbabwe unit eyes 16 pct jump in turnover
Reuters  May 19  Comment 
Delta Corporation, the Zimbabwe unit of global brewer SABMiller, expects a 16 percent jump in full-year revenue to about $558 million in 2012, on the back of investments to boost volumes, its head said on Thursday.
Zimbabwe April inflation unchanged at 2.7 pct y/y
Reuters  May 19  Comment 
Zimbabwe's annual inflation was at 2.7 percent year-on-year in April, unchanged from March, the Zimbabwe National Statistical Agency said on Thursday.
Zimbabwe Ben's Mentor Gideon Gono Gets His Digs In
Jr Deputy Accountant  May 18  Comment 
h/t WCV Those in glass houses shouldn't throw stones but those who have already devalued their currency to hundred trillion dollar toilet paper are totally qualified to make comments on destructive U.S. monetary policy: The huge budget deficits...
Caledonia posts Q1 profit, expects to reach targeted output by Q3
Mining Weekly  May 18  Comment 
Toronto-based Caledonia Mining, which produces gold from the Blanket mine in Zimbabwe, reported much-improved first-quarter financial results, thanks to higher gold prices and increased production levels. Shares in the company jumped 14,3% on...
Implats sees output down, Zimbabwe woes
Mining Weekly  May 17  Comment 
Impala Platinum cut its output target on Tuesday and its chief executive said Zimbabwe's drive to wrest majority local stakes from foreign mining firms could curb future expansion in the country. David Brown, the CEO of the world's second biggest...




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