Botswana plans to establish a diamond cutting center in Zimbabwe

Image from Internet

Botswana headquartered group Hangana Private Limited plans to establish a diamond cutting and polishing centre in Bulawayo as part of its long-term investment in Zimbabwe.

Business executives from Hangana were in Bulawayo to sign a Memorandum of Understanding with their local counterparts so that they can start doing business together. The business people from the two countries intend to work together in different economic sectors and the MoU was facilitated by the office of Bulawayo Provincial Affairs Minister, Judith Ncube through the Bulawayo industry think-tank.

In an interview after the signing of the MoU on fuel supply deal at Minister Ncube's offices at Mhlahlandlela Government Complex in Bulawayo, Hangana legal representative Mr Lewis Maunze who is resident in Zimbabwe said:

"We are looking at setting up a diamond cutting and polishing centre in Bulawayo in the long term as we roll out our projects in different sectors. The advantage is that our partners are from Botswana, a country that is doing exceptionally well in the diamond industry."

"In that regard, if the diamond cutting and polishing centre is set up, we are guaranteed enough expertise, skills and experience in the diamond industry."

Although, Mr Maunze would not be drawn into divulging the time frame for the proposed investment, he indicated that they were ready to tap into Zimbabwe's diamond sector.

Laws & Regulations
• Egypt’s tax-free car import initiative generates $... 03-20
• Resource curse: more Africa countries could benefi... 01-16
• Morocco Announces Cigarette Price Hike for 2024 as... 12-27
• Nigeria wins appeal in landmark ruling against Pro... 11-16
• Togo, Benin slash telecommunication charges 10-24
• Egypt adopts new strategy to increase industry’s c... 10-05

Trade Shows
• African Energy Week (AEW) 2024: Date Set 10-12
• Cityscape Egypt 2023 expo kicks off on Tuesday wit... 09-19
• Cotonou to host first Auto Moto Show on October 12... 06-27
• Ministerial Forum a top feature at Big 5 Construct... 05-17
• THE BUILD&DECOR EXPO 05-06
• SIAM: Moroccan, International Companies Showcase I... 05-03