Zimbabwe’s CBM sector hopeful of new dawn

The end of the Mugabe era has given new hope to companies exploring in the country The end of the Mugabe era has given new hope to companies exploring in the country.
By Ian Nkala 27 November 2017 0 28562
Emmerson Mnangagwa, Zimbabwe’s new president, Emmerson Mnangagwa, Zimbabwe’s new president, after his inauguration on Friday. (PA

Zimbabwe’s new president, Emmerson Mnangagwa, has spoken of “key choices” that will be made to attract foreign investment, but the head of one of the country’s CBM developers is taking nothing for granted.

“He said the right words,” Lloyd Hove, chairman of Discovery Investments – which is trying to raise $1 billion to monetise its CBM reserves in western Zimbabwe – told Interfax Natural Gas Daily. “Let’s see what his government is going to do in the next few months. I hope there will be clearly...

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