Fossil Mines - The Southern Eye

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NEWS & CURRENT AFFAIRS

Topic : Fossil Mines

Khayah slips into corporate rescue as US sanctions bite

“Creditors and other stakeholders shall be notified of further processes by the corporate rescue practitioner,” Khayah said.

By Business Reporter Dec. 24, 2024

Khayah slips into corporate rescue as US sanctions bite

Corruption Watch: Mbudzi interchange just another eating project

Things are now making better sense following yet another revelation that government borrowed US$88 million from a private company to finance the Mbudzi project.

By Tawanda Majoni Feb. 12, 2023

Corruption Watch: Mbudzi interchange just another eating project

US$88m govt deal raises stink

Ncube announced in a Government Gazette that government had signed a US$88 million loan deal with Obey Chimuka’s Fossil Mines (Pvt) Ltd to find the project at an interest rate of 5% per annum.

By Kenneth Nyangani Feb. 10, 2023