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Controversial Marange Diamond Fields, Chiadzwa, Zimbabwe

Zimbabwe Government Robbed of Wealth, Takes Control of Diamond Mining Fields

The Zimbabwe government will now take control all of the mining fields in the country as the state is being robbed of its wealth. Billions of dollars have been stolen from the nation's treasure chest because of smuggling and swinding according to President Mugabe.

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South African Farm

Zimbabwe farmers fear winter of hunger after poor tobacco crop

Farmer Kenny Mabvumbe looked upset as he returned virtually empty-handed from the tobacco auction floors in the Zimbabwean capital of Harare.

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Little Sun

Bloomberg Philanthropies funded Little Sun with $5 million investment

Bloomberg Philanthropies invested $5 million in solar powered Little Sun to give those populations in the African region less expensive, clean light from the kerosene lamps they have been using.

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TNB

Vasari chief grabs majority stake in South African spirits firm TNB

Former Whyte & Mackay chief Vivian Imerman grabbed a majority stake in South Africa-based spirits firm TNB through his own company Vasari for an undisclosed sum to expand his portfolio of liquors and spirits.

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Standard Chartered

Standard Chartered private equity arm picks up $6M stake in Botswana;s grocery chain

The private equity arm of London-based banking firm Standard Chartered picked up a 13% stake in Botswana-based supermarket chain Choppies Enterprises in a deal valued at $6 million.

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Namibia Power Corp

NamPower to raise USD496 million for grid investment

Namibia Power Corp (NamPower) plans to raise NAD5 billion (USD496 million) to fund the expansion of its transmission networks and power generation over the next five years, according to the firm's managing director.

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Mineworkers

Mining revenue may comprise portion of Sovereign Wealth Fund of Zimbabwe- report

Citing a draft of the fund, a report from Bloomberg said the planned Sovereign Wealth of Zimbabwe may obtain a portion of the country's share of mining revenues.

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Chamber of Mines Zimbabwe

Zimbabwe needs a USD5.3 billion investment and stable policy to boost platinum output - report

A Chamber of Mines report said with enough investment and stable mining policies, South Africa could compete with Russia for the recognition as the second largest platinum producer.

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zimbabwe

Zimbabwe's public investment firm eyes lisitng

ZMDC is considering getting listed at the Zimbabwe Stock Exchange, said the mines minister.

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