Zimbabwe: Gold Glitters for Zimbabwean Luxury Crocodile Skins Supplier

Gold is glittering for Zimbabwean crocodile skin supplier, Padenga Holdings, as luxury markets reels from global economic uncertainty and a growing shift to bullion as a store of value.

Padenga diversified into gold mining in 2019 through the acquisition of Zimbabwe gold mining operations. Analysts said at the time that the diversification represented an “unusual pairing” but is “value accretive” through enhancement of forex earnings potential.

Now, the company is reaping the benefits of that…