Zimbabwe problems mount over Amari wrangle

The dispute between ZMDC and Amari Holdings- over compensation for a lost concession is getting more ominous for Zimbabwe.

According to sources, Amari's legal team was engaging with numerous entities that are considering supporting or investing in Zimbabwe, the IMF and the EU.

Ian Small-Smith, a lawyer who represented Amari in its case against ZMDC, said potential investors from China and Russia, including banks, had recently approached Amari to understand how the international arbitration award could be ignored by the government.

He said that Amari would do whatever the law allows it to get its funds from ZMDC, including taking its cause to entities which the Zimbabwe government is engaging to secure financial support.