meta_pixel
Tapesearch Logo
Log in
Business Daily

Zimbabwe's Mineral Wealth

Business Daily

BBC

Business

4.4816 Ratings

🗓️ 7 June 2018

⏱️ 17 minutes

🧾️ Download transcript

Summary

Zimbabwe is "open for business", claims its new President Emmerson Mnangagwa, but can it finally put its natural resources to good use?

The BBC's Ivana Davidovic reports on the country's diamond sector, which has been a source of popular resentment and corruption, while Vivienne Nunis speaks to the Australian company hoping to develop one of the world's biggest lithium deposits in the country. Back in London, presenter Manuela Saragosa speaks to economist Judith Tyson of the Overseas Development Institute about the country's prospects following the fall of Robert Mugabe.

(Picture: Mine worker with lithium ore; Credit: BBC)

Transcript

Click on a timestamp to play from that location

0:00.0

Hello and welcome to Business Daily from the BBC. I'm Manuela Saragossa.

0:09.5

Coming up, it used to be Africa's bread basket. Then it became an economic basket case. Can Zimbabwe thrive again?

0:17.4

We would want to give comfort to investors. There is peace. Zimbabwe is open for business.

0:22.6

The country has huge mineral resources, but can a new government finally put Zimbabwe's natural

0:28.1

wealth to good use? The Zimbabwe diamond sector could be a real litmus test for the rest of the

0:32.8

economy because so many of the problems that have allowed corruption and mismanagement to take hold in

0:38.4

Zimbabwe are present in the diamond sector. That's all here in Business Daily from the BBC.

0:46.0

July 30th will be a big day for Zimbabwe. It's the day when the country will hold elections.

0:51.8

The first since the former leader Robert Mugabe was

0:54.2

pushed out of office last November. And the election's results will play a big role in determining

0:59.6

Zimbabwe's economic prospects. Emerson Menangagwa, who took over from Mr. Bungabe last day,

1:05.7

has spent the past few months jetting around the world, usually wearing a Zimbabwean flag scarf over his suit,

1:11.8

in an effort to drum up foreign investment. Here's a snapshot.

1:26.1

Now we are saying to the world, Zimbabwe is now open for business.

1:33.7

From now on, Zimbabwe is open for business.

1:43.0

Zimbabwe is open for business. And I invite you to come and invest in Zimbabwe is open for business.

1:45.6

And I invite you to come and invest in Zimbabwe.

1:49.1

Together we can help develop our great continents.

1:57.8

Open for business then, but reviving Zimbabwe's economy is a mammoth task.

2:03.2

The former President Mugabe is accused of shrinking an economy that was once Africa's breadbasket,

2:08.8

once perhaps sub-Saharan Africa's most promising economy.

2:12.2

Mining is now Zimbabwe's big hope.

...

Please login to see the full transcript.

Disclaimer: The podcast and artwork embedded on this page are from BBC, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of BBC and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2026.