marange diamond miners to reduce to one

Zimbabwe has announced plans to reduce the number of diamond mining companies operating in the Marange diamond fields to just one but will this move ensure control, supervision and accountability. this information has been said by the Finance Minister Patrick Chinamasa, some time last week

 surprisingly, the government has not yet announced what criteria will be used in selecting the single company that will run operations. will they ever update the public of the criteria they will use or they will just wake up one day to announce the company at the fields?

while they are busying them with which company to remain in charge of Marange di9amonds, will this mean that the potholes on Melbourne Road in Southerton, an industrial district of Harare, Zimbabwe’s capital,which are bone-jarring will be repaired? the J. Lyons factory, a surviving outpost of a once-grand British company, is being loaded with jars of processed food.The offices next door have whitewashed windows; the gates of the factory opposite are firmly shut. The empty buildings belong to Reckitt Benckiser, an Anglo-Dutch company whose brands, including Dettol disinfectant and Nugget shoe polish, span 60 countries—but no longer Zimbabwe. The Reckitt factory there closed before Christmas and has not reopened. Many other local firms have done the same. will the selected company revenue help in uplifting the Zimbabwean economy that seems to be beyond repair?  we just hope that as a country, this step will lead us some where and that the government will not put all its hands on that money as they embezzle funds to their own benefits and leaving out the public that gave them the fortune to be within those offices.

 The closures of most companies are just one sign that the economic recovery is stalling. This began in 2009 when the worthless Zimbabwe dollar was replaced by a multi-currency system based largely on the American dollar. But in the run-up to Christmas some banks were forced to put limits on cash withdrawals. SABMiller says lager sales tumbled by 25% in the year to the fourth quarter, as beer-drinkers switched to cheaper brews based on sorghum. Consumers started to feel the pinch in the second half of last year, says Albert Katsande of OK Zimbabwe, a big retailer. Prices are being cut to encourage shoppers to spend more. A country ravaged by hyperinflation, which officially reached 500 trillion per cent in 2008, may soon have deflation.

this means that more revenue needed. Mathew Nyaungwa, a diamond industry expert, said axing useless diamond miners was long overdue and the company that will be chosen to set up a joint venture with the Zimbabwe Mining Development Corporation (ZMDC) should have a sound history of diamond mining.
he went on to say that the reality for now is that the government's purse is somewhat empty and revenue from diamond mining remains truncated, as was the case during the chaotic days of the unity government. this is some what serious than l used  to think.