Zimbabwe's Country Risk Stifles Bnc Projects

THE unstable situation in Zimbabwe is frustrating mining giant Bindura Nickel Corporation (BNC) which is failing to access more than US$500 million it needs for major capital projects with potential offshore financiers continuously citing the heightened sovereign political risk, businessdigest has established.

The country is reeling from a political stalemate between President Emmerson Mnangagwa and main opposition MDC leader Nelson Chamisa over the disputed outcome of last year's presidential election. Dialogue between the two leaders is widely seen as crucial to resolving the economic and political crises in the country.

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