Zimbabwe
Magnate Billy Rautenbach consolidates his control of Matabeleland North coal

A cooling tower at Hwange Power station's Phase 8, currently under construction in Hwange, Zimbabwe, October 19, 2021.
A cooling tower at Hwange Power station's Phase 8, currently under construction in Hwange, Zimbabwe, October 19, 2021. © Philimon Bulawayo/Reuters
Billy Rautenbach, a historic supporter of Zanu-Pf since the Mugabe era and long considered the richest man in Zimbabwe, is increasing his hold on coal in the west of the country. This is a major coup at a time when national demand is set to rise sharply following the planned increase in capacity at Hwange power station. [...]
Published on 26.04.2022 at 06:00 GMT Reading time 2 minutes

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