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Zimbabwe
US ruling in von Pezold case saddles Harare with more debt

Zimbabwean finance minister Mthuli Ncube on 3 August 2023 in Hwange, in the west of the country. © Zinyange Auntony / AFP

The US Court of Appeals for the District of Columbia has upheld the ruling ordering Zimbabwe to pay $440.3m in damages for the wrongful seizure of farmland in 2000 and 2001. [...]

Published on 28/09/2023 at 05:40 GMT Reading time 2 minutes

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Finance, Mining

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Zimbabwe
African Development Bank
African Union
Amari Resources
Borders Timbers
David Mnangagwa
Emmerson Mnangagwa
Grandwell Holding
Heinrich von Pezold
ICSID
Mthuli Ncube
Prince Machaya
Rodney Quinn Smith
Southern African Development Community
Von Pezold
World Bank
Ziyambi Ziyambi

Zimbabwe
Harare hires consultant to improve donor relations

Eager to normalise his country's relationship with financial institutions, Finance Minister Mthuli Ncube hired a communications consultant to promote the government's efforts to reduce public debt, currently almost 100% of Zimbabwe's GDP.

Subscribers only Politics 02.10.2024

Zimbabwe
Harare dithers over helping ZMDC to settle debt to South Africa's Amari

Zimbabwe's Finance Minister Mthuli Ncube is reluctant to grant a loan to state-owned mining conglomerate ZMDC to allow it to put an end to its long-running dispute with South Africa's Amari Resources, which was expelled from its nickel and platinum licences.

Subscribers only Mining 29.08.2024

Finance Minister Mthuli Ncube in Harare, Zimbabwe, 5 October 2018.

Spotlight | Southern Africa, Zimbabwe
Harare acts to get back on the lucrative Durban-Copperbelt freight route

The opening of the Kazungula Bridge, which connects Zambia to Botswana, has robbed Zimbabwe of its status as a key gateway between the port of Durban and the Copperbelt. Deprived of significant revenue, Harare is preparing its counter-attack with the help of a handful of bankers.

Subscribers only Infrastructure, Mining 07.03.2023

An aerial view of the newly built Kazungula bridge over the Zambezi river in Kazungula, Botswana, on 10 May 2021.

Zimbabwe
Sichuan PD Times reaps coveted Kamativi lithium despite court battles

While two other unsuccessful contenders are still battling it out in the courts for the rights to exploit Kamativi's lithium's potential, ZMDC has already formed a partnership with a new Chinese player.

Subscribers only Mining 24.10.2022

Zimbabwe
Chiadzwa diamonds inches towards conclusion

After over six years of legal wrangling, the $375m legal dispute between state-owned miner ZMDC and its former partner in the Chiadzwa diamond field could soon be settled. Zimbabwe's courts want to see the case closed.

Subscribers only Mining 17.10.2022

Zimbabwe
Light glimmers at end of von Pezold compensation tunnel

At $200m, the compensation sought by the aristocratic family is the largest single claim filed in relation to the Mugabe-era land seizures of white-owned farms. After seven years of limbo, the coming months may well see a move towards a resolution of a case that has particularly irked the current head of state.

Subscribers only Business 23.06.2022

Zimbabwe
Fearing seizures, Mnangagwa transfers state mining assets to a new entity

ZMDC, the state-owned company that owns the majority of the government's mining portfolio, needs to find more than $400m to compensate aggrieved former business partners.

Subscribers only Mining 11.05.2022

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Zimbabwe
African Development Bank
African Union
Amari Resources
Borders Timbers
David Mnangagwa
Emmerson Mnangagwa
Grandwell Holding
Heinrich von Pezold
ICSID
Mthuli Ncube
Prince Machaya
Rodney Quinn Smith
Southern African Development Community
Von Pezold
World Bank
Ziyambi Ziyambi

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Zimbabwe
US ruling in von Pezold case saddles Harare with more debt

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Zimbabwe
Harare hires consultant to improve donor relations

Zimbabwe
Harare dithers over helping ZMDC to settle debt to South Africa's Amari

Spotlight | Southern Africa, Zimbabwe
Harare acts to get back on the lucrative Durban-Copperbelt freight route

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Sichuan PD Times reaps coveted Kamativi lithium despite court battles

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Chiadzwa diamonds inches towards conclusion

Zimbabwe
Light glimmers at end of von Pezold compensation tunnel

Zimbabwe
Fearing seizures, Mnangagwa transfers state mining assets to a new entity

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Indigo Publications' websites

Botswana, South Africa From Gaborone to Antwerp, is De Beers's empire on the rocks?

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Zimbabwe US ruling in von Pezold case saddles Harare with more debt

This article may be accessed by subscribers

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create a free account

Set up email notifications for these topics

Zimbabwe Harare hires consultant to improve donor relations

Zimbabwe Harare dithers over helping ZMDC to settle debt to South Africa's Amari

Spotlight | Southern Africa, Zimbabwe Harare acts to get back on the lucrative Durban-Copperbelt freight route

Zimbabwe Sichuan PD Times reaps coveted Kamativi lithium despite court battles

Zimbabwe Chiadzwa diamonds inches towards conclusion

Zimbabwe Light glimmers at end of von Pezold compensation tunnel

Zimbabwe Fearing seizures, Mnangagwa transfers state mining assets to a new entity

Set up email notifications for these topics

About Africa Intelligence

Subscription

Africa Intelligence on social media

Indigo Publications' websites

Botswana, South Africa
From Gaborone to Antwerp, is De Beers's empire on the rocks?

Mali, Senegal, Togo
The secrets of Demex, the trader selling Russian oil in West Africa

Zimbabwe
US ruling in von Pezold case saddles Harare with more debt

Zimbabwe
Harare hires consultant to improve donor relations

Zimbabwe
Harare dithers over helping ZMDC to settle debt to South Africa's Amari

Spotlight | Southern Africa, Zimbabwe
Harare acts to get back on the lucrative Durban-Copperbelt freight route

Zimbabwe
Sichuan PD Times reaps coveted Kamativi lithium despite court battles

Zimbabwe
Chiadzwa diamonds inches towards conclusion

Zimbabwe
Light glimmers at end of von Pezold compensation tunnel

Zimbabwe
Fearing seizures, Mnangagwa transfers state mining assets to a new entity