$12bn investment for Zim mining 

$12bn investment for Zim mining 

Source: $12bn investment for Zim mining | The Financial Gazette March 8, 2018

Chitando Winston

Minister of Mines Winston Chitando

AT least $12 billion in new investment is expected to flow into Zimbabwe’s mining sector in the next five years, a new report said last week, indicating that the country will transform into one of the biggest destinations for mining capital.

The report, which was co-authored by the Chamber of Mines and Zimbabwe (CoMZ) and Mining Report, was released during a mining investment conference held last week. The projections suggest that the country would receive about $2,4 billion in new investment per year until 2022, riding on an improved investment climate since November last year when President Emmerson Mnangagwa’s administration came into office.