Zimbabwe: Zimasco Making Way to the Top

The Zimbabwe Mining and Smelting Company, once the largest ferrochrome producer in the country and a force to reckon with in Africa, is slowly making its way up to the top again, rising from a debt overhang that had buried the group for years.

Zimasco, currently under judicial management but expects to escape by September, has started making efforts towards liquidating debt owed to various creditors while a scheme of arrangement is in the pipeline.

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