Zimbabwe: UAE firm targets mining sector

The Herald | 22 April 2014 Zimbabwe:

UAE firm targets mining sector By Tinashe Makichi United Arab Emirates-based financial institution, Tabarak Investment Bank has obtained an investment licence from the Zimbabwe Investment Authority to venture into mining and petroleum products business, a company official said. Tabarak Investment Bank through its subsidiary Mondore General Trading (Pvt) Limited is currently involved in the trading of agricultural products. Mondore General Trading executive director Dr Andre Homberg last week told The Herald Business that plans are at an advanced stage to start joint venture deals with local companies. “I can confirm that we have been awarded a ZIA licence. We want to invest heavily in mining and petroleum businesses. Agriculture is also going to be our focal area. – See more at: http://www.farmlandgrab.org/post/view/23405#sthash.wWro1mWY.dpuf

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