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Article: CONAFEX.

Article from:
Investors Chronicle
Article date:
April 13, 2006
Copyright

In mid-2004, the Zimbabwean govenMENT compulsorily purchased Conafex's two farms. The company has yet to receive a dime of compensation so, over the past two years, it has written off the $8.4m investment, with the final $2m taken in 2004-05. Fortunately, Conafex has been building up other agri-businesses in Africa. These now include a ...

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