Saturday 20 October 2018
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8 days ago

Zimbabwe signs $1billion capital raise deal with American hedge fund

Zimbabwe yesterday signed a Memorandum of Understanding with an American hedge fund, Hondius Capital Management, to raise $1 billion for infrastructure development in key sectors including energy, water, agriculture and mining. Zimbabwe has struggled to get financing from regional and international institutions since it started defaulting on foreign debts in 1999 under former president Robert...

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