Economy FDI MEGA DEALS

ZimCoke (Pvt) - ZISCO

www.zimbabwesituation.com April 17, 2019
In progress
Apr 2019

Cabinet approves $350m Zisco deal

www.zimbabwesituation.com April 17, 2019

Government approved a $350 million investment deal in which ZimCoke (Pvt) Ltd will revitalise the coke plant within Ziscosteel, creating more than 800 jobs for a company that is to employ 5 000 people at its peak. Of the $350 million, $133 million will be capital injection, while $225 million will cover the debt owed by Ziscosteel to German bank, KFW.