Wednesday 23 September 2020
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allafrica - 2 month ago

Zimbabwe: Noic, Sakunda Sucked in U.S.$17m Loan Scandal

[Zimbabwe Independent] Explosive details show that the state-owned National Oil and Infrastructure Company (Noic) was advanced by Sakunda Holdings US$17,5 million of a US$22,75 million loan agreement to buy out Lonmin s 50% stake in the ownership of the strategic Feruka fuel pipeline, leaving the parastatal saddled with a debt, which is now causing all manner of headaches.


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