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Caledonia Mining continues churning out dividends

Caledonia Mining continues churning out dividends

Caledonia Mining Corporation (LON:CMCL) continues to belie the reputation of AIM-listed mining companies by churning out the dividends. The Canadian company has declared its sixth quarterly dividend, worth 1.5 Canadian cents per share. The ex-dividend date will be April 16, 2015 and for those shareholders who still receive their divis…

Africa’s inequality linked to billions hidden in Europe

Africa’s inequality linked to billions hidden in Europe

Reports of clandestine monies from African countries stashed in a Swiss bank have grabbed international news headlines according to the East African. Secret bank accounts in the HSBC’s Swiss private banking arm unearthed this year by the International Consortium of Investigative Journalists (ICIJ) were said to hold over USD 100bn,…

Bond coins or not: once an economy dollarizes there is just no going back, history seems to suggest

Bond coins or not: once an economy dollarizes there is just no going back, history seems to suggest

February 2015 will mark six years since Zimbabwe adopted the multi-currency monetary system, commonly referred to as dollarization. The move was in response to the chaotic hyperinflationary period that had defined the Zimbabwean economic environment for almost a decade prior to February 2009. Most Zimbabweans still are haunted by the…

Corruption remains an Achilles Heel for SSA despite improvements

Corruption remains an Achilles Heel for SSA despite improvements

Most African countries are still perceived to suffer from “endemic corruption,” according to an annual survey of perceptions of public sector corruption in nations across the world. The 2014 edition of the corruption survey, published by the campaign group Transparency International, says that five of the 10 countries of the…

Caledonia could triple money from Blanket expansion, external study suggests

Caledonia could triple money from Blanket expansion, external study suggests

Caledonia Mining’s plan to double output at its Blanket mine in Zimbabwe could pay back more than three times its cost, according to a new external study. Consultant Minxcon estimates a net present value for Blanket of US$147mln and an internal rate of return of 267% through the US$70mln expansion…