U.S.$50 Million Boost for Fidelity

[The Herald]

FIDELITY Printers and Refiners, the gold buying arm of the Reserve Bank of Zimbabwe, is set for a US$50 million recapitalisation as Government moves to curb exports of raw gold, Finance Minister Tendai Biti said yesterday. The recapitalisation will see Government selling some of its shares in Fidelity and will also seek lines of credit, Minister Biti told journalists as he presented the State of the Economy Report for the first quarter.