Zimbabwe: Steelmakers Courts Indian Investors

21 January 2014

STEELMAKERS Zimbabwe is now courting Indian investors in a bid to raise $30 million to recapacitalise its Masvingo steel plant after failing to raise the money locally, a company official has said.

Steelmakers general manager Alexander Johnson told The Source on Tuesday that efforts to raise the bulk of the money locally had failed due to the liquidity crisis in the country.

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