Categories: Top story of the day

Pressure on Zimbabwe on again

Pressure to stop Zimbabwe from selling its diamonds on the open market is on again as the Kimberley Process prepares to meet in Israel on Monday. Civic organisations are piling up the pressure and are being backed by the media. Britain’s Channel 4 will air a video tomorrow in which it claims that the military still runs diamond operations at Chiadzwa in Marange. Diamond panners are used as virtual slave labour, while the proceeds of smuggled diamonds go to the Zimbabwean military and middlemen, it claims. It is President Robert Mugabe’s associates that benefit, while the people of Zimbabwe get little or no return. But reports say in or out, Zimbabwe is now such a major player in the industry that it is better to allow it to trade its precious stones within the Kimberley Process system because its diamonds will get into the market one way or the other.

(35 VIEWS)

Don't be shellfish... Please SHARE
Google
Twitter
Facebook
Linkedin
Email
Print

Charles Rukuni

The Insider is a political and business bulletin about Zimbabwe, edited by Charles Rukuni. Founded in 1990, it was a printed 12-page subscription only newsletter until 2003 when Zimbabwe's hyper-inflation made it impossible to continue printing.

Share
Published by
Charles Rukuni

Recent Posts

Zimbabwe central bank chief says street forex dealers cannot destabilise the ZiG

The Reserve Bank of Zimbabwe governor John Mushayavanhu says street money changers who cash in…

April 26, 2024

Zimbabwe International Trade Fair plans to turn exhibition centre into commercial complex

The Zimbabwe International Trade Fair (ZITF) has announced an ambitious long-term plan to turn the…

April 25, 2024

ZiG falls against US dollar

Zimbabwe’s new currency today fell against the United States for the first time since its…

April 25, 2024

ZiG plays havoc on the Zimbabwe Stock Exchange

Zimbabwe’s new currency has wiped out a more than 330% gain on the stock market…

April 24, 2024

Jonathan Moyo tells Mushayavanhu to stick to monetary policy and leave money changers to the police

One bane of recent public discourse in Zimbabwe is not only that it is never…

April 23, 2024

ZiG kicks off third week on a stronger note

Zimbabwe’s new currency kicked off its third week on a stronger note raising questions as…

April 22, 2024