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African diamond company seeks listing on London stock exchange

    JOHANNESBURG

    An African diamond company with alleged links to the governments of Zimbabwe and the Democratic Republic of Congo (DRC) wants to list on the London Stock Exchange, the BBC and the ‘Financial Times’ reported at the weekend.

    The company, Oryx, has a joint venture with companies owned by the Zimbabwe and Congo the reports said, adding the move could raise millions of pounds to aid the cash-strapped government of Robert Mugabe.

    “A listing on the London Stock Exchange would raise questions about the extent to which the diamond trade are financing the wars in Africa, in which the Congo and Zimbabwe are heavily involved,” the BBC said. The Stock Exchange is understood to have investigated the planned listing of Oryx but has yet to make a judgement on the company.

    This article was produced by IRIN News while it was part of the United Nations Office for the Coordination of Humanitarian Affairs. Please send queries on copyright or liability to the UN. For more information: https://shop.un.org/rights-permissions

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