Details from the Suisse Secrets leak cast new light on Credit Suisse’s role in a controversial platinum mine sale that helped finance a wave of violence around Zimbabwe’s 2008 election. The bank helped provide funds for the mine purchase, which eventually earned over $100 million for the Mugabe crony who set up the deal.
As Zimbabweans faced the economic consequences of a crashing currency, well-connected businessman Kudakwashe Tagwirei skirted the rules to convert government-backed securities into scarce U.S. dollars —which he used to acquire shares in a lucrative platinum mine.
Zimbabwe's Murowa Diamond Mine has entered corporate rescue, freezing legal action by creditors as authorities race to stabilise one of the country's key diamond producers.
Mutapa Gold Resources is investing US$212 million to dramatically increase gold production as Zimbabwe ramps up bullion output to strengthen the ZiG currency.
A horrific fire at a foster care home in Algeria's capital has killed 11 people, including children, leaving 19 injured and sparking demands for an independent investigation.
Zimbabwe has ruled out retaliating against South Africa by expelling South African citizens, insisting it will uphold Ubuntu while assisting thousands of returning Zimbabweans.
