Zimbabwe Secures US$500 Million Afreximbank Loan Against Platinum Mining Collateral

Zimbabwe Secures US$500 Million Afreximbank Loan Against Platinum Mining Collateral

Zimbabwe secured a $500 million loan from the African Export-Import Bank to try and stabilize its currency market by offering platinum production as collateral, a person familiar with the details of the agreement said.

Country’s central bank said it secured $500 million loan
Loan will be used to stabilize’s Zimbabwe’s currency market
The Southern African country secured a $500 million loan from the African Export-Import Bank to stabilize its tottering currency market by offering platinum production as collateral, sources say. Continue reading Zimbabwe Secures US$500 Million Afreximbank Loan Against Platinum Mining Collateral

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President Mnangagwa gloats on failure as he brags “we are everything” in Zimbabwe

President Mnangagwa gloats on failure as he brags “we are everything” in Zimbabwe

President Mnangagwa in a 30 second rant that has gone viral and has been widely interpreted to mean only his ZanuPF party is Independent while the rest of Zimbabweans are not, has sparked outrage among netizens.

The video appears not to be recent but that has not stopped a barrage of emotion and disdain for the Zimbabwean leader by his fellow countrymen.

“We must be respected. We are the majority, we are the people, we are the Government, we are the army, we are the air force, we are the police we are everything you can think of, we determine who can do mining in Zimbabwe, we determine who can construct a railway line in Zimbabwe, we determine who can build a road in Zimbabwe, no other party can do so,” thunders Mnangagwa to wild applause. Continue reading President Mnangagwa gloats on failure as he brags “we are everything” in Zimbabwe