Zimbabwe: Ariana plans stock market fund raise for Dokwe gold project

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Solar power is the Newmont-backed company’s favoured solution to the power shortages facing Zimbabwean mining.

A smelter plant at Anglo American Platinum’s Unki mine in Shurugwi, Zimbabwe. Lack of reliable power is a major constraint on the industry’s growth. REUTERS/Philimon Bulawayo

Ariana Resources is planning to raise funds to support development of the Dokwe gold project in Zimbabwe, CEO Kerim Sener tellsThe fundraising for an unspecified amount could take place on London’s AIM stock market, on which Ariana shares trade, or on the Australian stock market, where it plans to list in 2024, Sener says.Nigerian banks submit plans to CBN in scramble for capital

Today was the final deadline for banks to submit their recapitalisation plans to Nigeria’s Central Bank. Will Nigeria see a repeat of the ‘big bang’ o...Gathered at the AVCA private capital summit in Johannesburg, the African investment sector is calling on continental institutional donors to step up t...Heads of state at the World Bank’s summit in Nairobi have echoed a narrative espoused over the past 12 months that the global financial architecture d...

 

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