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NEWS & CURRENT AFFAIRS

Topic : Fossil Mines

Extra US$26m splashed on Trabablas raises stink
The Treasury boss said the initial loan arrangement for the Trabablas Interchange was US$88 million.
By Harriet Chikandiwa Jul. 11, 2025
Extra US$26m splashed on Trabablas raises stink

Khayah slips into corporate rescue as US sanctions bite
“Creditors and other stakeholders shall be notified of further processes by the corporate rescue practitioner,” Khayah said. 
By Business Reporter Dec. 24, 2024
Khayah slips into corporate rescue as US sanctions bite

Corruption Watch: Mbudzi interchange just another eating project
Things are now making better sense following yet another revelation that government borrowed US$88 million from a private company to finance the Mbudzi project.
By Tawanda Majoni Feb. 12, 2023
Corruption Watch: Mbudzi interchange just another eating project

US$88m govt deal raises stink
Ncube announced in a Government Gazette that government had signed a US$88 million loan deal with Obey Chimuka’s Fossil Mines (Pvt) Ltd to find the project at an interest rate of 5% per annum.
By Kenneth Nyangani Feb. 10, 2023
US$88m govt deal raises stink

Fossil seals Lafarge takeover
On Thursday, Fossil settled the purchase price of Lafarge Cement, placing the giant cement producer in the hands of local entrepreneurs.
By Staff Reporter Dec. 2, 2022
Fossil seals Lafarge takeover

Lafarge account garnished over debt
Documents show the account was garnished following a ruling against the cement manufacturer by High Court.
By Staff Reporter Oct. 31, 2022
Lafarge account garnished over debt

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