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Zimbabwe to sign $700m coal-bed methane deal this month
3rd May 2018 BY: BLOOMBERG
HARARE – Zimbabwe’s government plans to sign a $700-million deal with an investor that will develop a coal-bed methane site, Mines Minister Winston Chitandosaid.
The accord comes as new President Emmerson Mnangagwa, who took office in November, courts foreign investment to rebuild an economy that halved in size since 2000 under former President Robert Mugabe’s rule. Two other similar agreements are expected in the next two months, Chitando said in a phone interview Thursday from the capital, Harare.
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