Zimbabwe: New Dawn Beckons for Zimalloys

13 December 2017

Gweru-based giant ferrochrome producer, Zimbabwe Alloys, under judicial management by Grant Thornton International, is expected to start operating in the next 18 months after its creditors approved a $100 million investment deal with Indian Investor, Balasore Alloys Group.

In an interview, ZimAlloys judicial manager Reggie Saruchera, said the company had met its creditors and unveiled the new investor after which the creditors approved the proposed deal that will see the Indian company injecting $100 million into the chrome smelting company.

...

AllAfrica publishes around 500 reports a day from more than 100 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.