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‘ Zimbabwe Lost US$500 million Through (2015) Illicit Financial Outflows ‘-RBZ Governor,Mangudya
RESERVE Bank of Zimbabwe governor Dr John Mangudya has said the country is losing a lot of potential income due to lack of transparency in the diamond sector. Zimbabwe discovered diamonds in Marange nearly a decade ago amid huge expectations that the financial resources generated from exploitation of the gems would generate funds to drive the development agenda. At the time, it was estimated the country would at its peak, contribute about 25 percent of…
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