Zimbabwe: mining sector privatization, consolidating democratic reforms
- November 5, 2018
- - 5:44 pm
Summary Zimbabwean Mines and Mining Development Minister Winston Chitando stated November 5 his government intends to privatize the assets of the state-owned Zimbabwe Mining Development Corporation (ZMDC) so as to rationalize underperforming mining companies. The inclusion of elite-captured mining operations, notably in diamonds, will also reveal a political motive by the Emmerson Mnangagwa-led Zimbabwe African National Union-Patriotic Front (ZANU-PF) to demonstrate and sustain credible democratic reforms, and underscore improving diplomatic and investment ties with Western countries. Analysis Chitando stated that bidders for six mining assets controlled by ZMDC will be announced in two week’s time while the other assets controlled …
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