MNANGAGWA SIGNED A US$5,2BILLION DEAL between the government and Nkosikhona Holdings to turn coal into liquid fuels has raised eyebrows with analysts saying the South African company’s credentials are suspect.
President Emmerson Mnangagwa signed the deal with Nkosikhona Holdings on May 17 amid claims the partnership would see Zimbabwe producing over eight million litres of liquid fuels per day from coal in Lisulu, Hwange. However, analysts have raised a red flag over the secrecy surrounding Nkosikhona Holdings’ background. Critics also alleged Nkosikhona Holdings does not have known history in extractives according to the company’s online profile. The company does not appear among South Africa’s liquid…
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