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.
Zimbabwe
Shares of African budget airline carrier Fastjet drops on profit warning
Fastjet has issued a profit warning once again owing to weak demand for flight journey. The company projects 2016 results to be below analysts' projection.
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.
Zimbabwe purchases corn from Ukraine and Zambia as poor rainfall fails harvest
Zimbabwe purchased nearly 650,000 metric tons of corn from Ukraine and Zambia following a poor harvest. Dry climate has also limited grains output in Zambia, where the harvest is anticipated to fall nearly 30% in 2016.
Zimbabwe Suffers Severe Drought And Is In Need Of $1.5 Billion Aid
Zimbabwe suffers a massive disaster in the form of drought which has hit immensely on the entire country. The Vice president Emmerson Mnangagwa has appealed for $1.5bn aid from the local businesses and charities to save more than a quarter of his population from extreme water scarcity.
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Following the strong demand, Twitter raised its IPO price from USD23 to USD25. The social networking site has felt more optimistic than ever about its IPO for potential investor's reports The New York Time's the Deal Book.
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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