Persistence Gwanyanya: "The adoption of structured currency, which is supported by international reserves including precious metals naturally increases interest in the contribution of the gold subsector, not only to currency stability, but the economy at large. At a time when the country is estimated to be losing significant amounts of gold to smuggling, gold production has been revised down to 35 tonnes from 39 tonnes, weighing down mining sector performance, which is worrying."
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.
