Of Zim mega deals, loans and the return of Tyson
Interesting developments have been taking place lately in the land "open for business". It seems that ED's mantra that Zim is 'open for business' has relatively attracted all sorts of attention and investors. Early this week, ED's twitter account stated that Zimbabwe had signed a $5.2bn deal with Nkosikhona Holdings of South Africa. The deal was described as enabling Zim to produce over 8m litres of liquid fuels per day from coal. It turned out Nkosikhona holdings had no online presence except the mere news that it signed a deal with the Zimbabwe government. With a website under construction and having been formed only 5 years ago, probably the company hit the jackpot with Zimbabwe becoming its first ever project. On the other hand, the ED administration seemed to have been doing well on the international front. It seemed the British government was shifting its policy towards Zimbabwe, as a US$100 million loan was offered to Zimbabwe. The commercial loan was t...