IDC says denied SA loan over sanctions

HARARE, April 14 (The Source) – The Industrial Development Corporation of Zimbabwe (IDCZ) says it failed to secure a second loan facility from IDC South Africa, which has cited sanctions on some IDCZ subsidiaries by the United States government. The US imposed “targeted” sanctions on… Read More

Vast Resources secures $7mln from US fund

HARARE, January 4 (The Source) – London-listed junior miner Vast Resources on Monday announced that it had secured a $ 7,3 million investment from United States-based venture capital firm Crede Capital, which will take up shareholding in the company. Vast, previously African Consolidated Resources (AFCR),… Read More