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IDC Slapped, Loses Loan Over Mugabe Sanctions

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The Industrial Development Corporation of Zimbabwe (IDCZ) says it failed to secure a second loan facility from IDC South Africa, which has cited sanctions on some IDCZ subsidiaries by the United States government. The US imposed “targeted” sanctions on 98 individuals and 68 state-owned entities in 2003, reacting to allegations of gross human rights abuses

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