Zimbabwe: Chinese Bank 'Ditches' Sengwa Coal Project

24 June 2021

A top Chinese bank with a global portfolio including fossil fuel extraction, has tentatively agreed to stop financing the controversial Sengwa coal project in Gokwe after bowing to civic pressure.

In a communique following the postponement of a meeting by Affected Communities of the Industrial and Commercial Bank of China ICBC's Coal Finance, Go Clean said it had recorded marked progress in negotiations with the bank.

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