US think tank sees Zimbabwe boom under Mnangagwa

US think tank sees Zimbabwe boom under Mnangagwa
Published: 17 August 2018 (213 Views)
President Emmerson Mnangagwa has firmly set Zimbabwe on a positive economic transformation path that will benefit the mining sector in the coming years, according to US global market data, analytical tools and risk services provider Fitch Solutions.

Fitch Solutions said it expected the country's mining industry to grow by an average 2,4 percent between 2018 and 2027, as it did not anticipate radical policy changes in the country's extractive industry.

This stems from the fact that while policies such as indigenisation and economic empowerment were scrapped for most minerals, the 51/49 equity shareholding structure was still applicable to diamonds and platinum, which may limit foreign entry into this area, Zimbabwe's biggest exports earner.

Meanwhile, the United States President Donald Trump's administration is ratcheting up pressure on embattled Mnangagwa by demanding that he is institutes a transparent and credible investigation into the August 1 killing of at least six protesters in Harare.

US Ambassador to Zimbabwe, Brian Nicholas said Washington was greatly disturbed by reports of violence and the death of six people.

- Business Weekly

 0

You May Like These Videos

Comments

There are no comments.

Latest stories

Zimbabwe's impressive cabinet line-up under a severe parliamentary vaccuum

by Reginald Thabani Gola. | 19 September 2018 | 175 Views

Mnangagwa boycott the way to go, says MDC veterans

by Stephen Jakes | 19 September 2018 | 172 Views

Mudede hunts down staffer who revealed blacklist

by Staff reporter | 19 September 2018 | 195 Views

'Mnangagwa inherits Mugabe's anti-Gukurahundi traits'

by Staff reporter | 19 September 2018 | 113 Views

Mnangagwa snubbing the way to go

by Stephen Jakes | 19 September 2018 | 121 Views

Shame on you MDC MPs

by Munya Shumba | 19 September 2018 | 117 Views

Kariba on high Cholera alert

by John T Chirinda | 19 September 2018 | 89 Views

Parent involvement helps students to do well

by Agencies | 19 September 2018 | 72 Views

$6000 salary for MPs

by Staff Reporter | 19 September 2018 | 171 Views

Mnangagwa tours Glen View cholera centre

by Staff reporter | 19 September 2018 | 108 Views

Unresolved ethnicity conflict haunts Bulawayo

by Staff reporter | 19 September 2018 | 76 Views

Bulawayo's 'foreign' mayor remains unfazed

by Staff reporter | 19 September 2018 | 97 Views

Court defers ruling on Nduna's Chegutu West win

by Staff reporter | 19 September 2018 | 103 Views

Zoey SA bound

by Staff reporter | 19 September 2018 | 76 Views

Gukurahundi seeks to eclipse Intwasa

by Staff reporter | 19 September 2018 | 68 Views

Gukurahundi documentary deemed to be carrying inflammatory information

by Staff reporter | 19 September 2018 | 83 Views

Models at Prophet Magaya Prayer Mountain

by Staff reporter | 19 September 2018 | 98 Views

Chamisa turns down Parly invite

by Staff reporter | 19 September 2018 | 133 Views

Local govt has crossed difficult path since year 2000

by Stephen Jakes | 19 September 2018 | 94 Views

Ecocash and swipe are gradually being phased out

by Stephen Jakes | 19 September 2018 | 256 Views

So much hate in Zimbabwe, Mnangagwa needs to unite people - Mliswa

by Stephen Jakes | 19 September 2018 | 231 Views

Chamisa's MPs walk out on Mnangagwa

by Staff reporter | 19 September 2018 | 157 Views

Mnangagwa must consider Mthuli Ncube's proposals

by Editorial - newsday | 19 September 2018 | 152 Views

Mnangagwa rejects Mines Bill

by Staff reporter | 19 September 2018 | 135 Views

Dump politics, says Mnangagwa

by Staff reporter | 19 September 2018 | 123 Views

Umguza's polluted water pose health risk - Residents

by Staff reporter | 19 September 2018 | 70 Views

Man attacks peeping Tom with machete

by Staff reporter | 19 September 2018 | 131 Views

Mental patient finally released after wrongful arrest

by Staff reporter | 19 September 2018 | 84 Views

MDC-Alliance's infantile stunt self-defeating

by Staff reporter | 19 September 2018 | 98 Views

Court inspects ZBC records in Pambuka, Mazivisa fraud case

by Staff reporter | 19 September 2018 | 92 Views

Mnanagwa's turning point

by Tichaona Zindoga | 19 September 2018 | 103 Views

The Second Constitutional Amendment

by Sharon Hofisi | 19 September 2018 | 99 Views

Man kills domestic worker's family

by Staff reporter | 19 September 2018 | 96 Views