Stop mortgaging minerals, Zimbabwe told

Douglas Boateng Africa's first ever extra ordinary professor in supply and value chain management said Zimbabwe must stop mortgaging minerals to secure loans but must negotiate deals more shrewdly to preserve future generations from bad decisions.

He said government was compromising the country's future and establish the value of mineral's first before entering into unbeneficial partnerships.

Meanwhile, the African Development Bank (AfDB) has cautioned government against the haphazard amalgamation of diamond producers, saying such a move would scare away investment into the sector.

The move to amalgamate comes after realisation that diamond revenue, particularly from Marange producers, was not getting into Treasury coffers.