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Mnangagwa says he's grateful for debt, arrears plan
Zimbabwe is grateful to development partners and creditors for embracing the resolution process of arrears clearance and debt, and hopes that if debts are rescheduled or written off, the economy will ...Published: 30 May 2023 at 06:41hrs | 104 | by Staff reporter
Mthuli's theatrics expose government lack of seriousness in addressing Zim economic crisis!
So, finance minister Mthuli Ncube, over the weekend, went around shops in Bulawayo, like a crazed vigilante, tearing down tags displaying prices strictly in US dollars!He even berated a haples...Published: 29 May 2023 at 23:02hrs | 531 | by Tendai Ruben Mbofana
Mnangagwa to visit Malawi
PRESIDENT Mnangagwa is expected to embark on a three-day State Visit to Malawi on Wednesday to discuss matters of mutual interest between the two African countries.In a statement, Malawi's Min...Published: 29 May 2023 at 06:30hrs | 152 | by Staff reporter
Sanctions eroding value of Zimdollar
The depreciation of the Zimbabwe dollar is partly due to illegal economic sanctions imposed on the country by Western countries, the African Development Bank (AfDB) said in its African Economic Outloo...Published: 29 May 2023 at 06:30hrs | 190 | by Staff reporter
Economic sanctions continue to place Zimbabwe further into unsustainable debt
Finance minister Enoch Godongwana says the government supports Zimbabwe's implementation of key reforms to resolve its debt problems and end 21 years of sanction.If successful, such moves can ...Published: 26 May 2023 at 16:26hrs | 87 | by Staff reporter
Zimbabwe commits to resolve debt, arrears
PRESIDENT Mnangagwa yesterday committed to resolve Zimbabwe's long overdue debt arrears, and re-engaging with development partners and creditors to reposition the economy for sustained growth anchored...Published: 25 May 2023 at 06:23hrs | 92 | by Staff reporter
Mnangagwa disappointed by some members of the business community
PRESIDENT Mnangagwa is disappointed by some members of the business community whose conduct continues to frustrate Government efforts to stabilise the economy and the current wave of price increases o...Published: 23 May 2023 at 06:36hrs | 228 | by Staff reporter
'Re-engagement will depend on holding credible 2023 elections' AfDB warns. At long last, some home-truths
"The African Development Bank has moved to fast-track Zimbabwe's $3.5 billion compensation to white farmers whose land was seized under former president Robert Mugabe's reforms. The bank is leading ef...Published: 22 May 2023 at 21:59hrs | 844 | by Wilbert Mukori
Zimbabwe debt clearance tied to farmers' compensation and credible polls
THE African Development Bank has moved to fast-track Zimbabwe's $3.5 billion compensation to white farmers whose land was seized under former president Robert Mugabe's reforms. The bank is leading eff...Published: 22 May 2023 at 06:40hrs | 263 | by Zeenat Hansrod
Mnangagwa leaves for AfDB forum in Egypt
President Mnangagwa is expected here today to join over 3 000 delegates who include Heads of State and Government, central bank governors and members of the development community, at the 58th annual m...Published: 22 May 2023 at 06:25hrs | 152 | by Staff reporter
Zimbabwe ups tempo on debt resolution
President Mnangagwa's scheduled engagements at the African Development Bank (AfDB)'s annual meetings in Sharm el-Sheik, Egypt, this week will add impetus to Zimbabwe's arrears clearance and debt resol...Published: 21 May 2023 at 08:02hrs | 33 | by Staff reporter
'Zimbabwe debt resolution will open funding floodgates'
THE successful conclusion of discussions on Zimbabwe's arrears clearance and debt resolution will lay a firm foundation for the lifting of economic sanctions and help to unlock fresh and affordable ex...Published: 21 May 2023 at 08:02hrs | 55 | by Staff reporter
Africa should stop being such a crybaby!
We all know there is nothing more 'uncool' or 'unsexy' than someone who never owns up to his own failures in life - but seeks to blame others as to why he is not succeeding.Amongst all these, ...Published: 17 May 2023 at 13:44hrs | 492 | by Tendai Ruben Mbofana
AfDB to assist Zimbabwe govt compensate white farmers
THE African Development Bank (AfDB) says it is working on a financial instrument to fund the US$3,5 billion needed to compensate white former commercial farmers.AfDB is working with the Minist...Published: 16 May 2023 at 05:10hrs | 639 | by Staff reporter
African Devt Bank proposes ‘fast track' compensation for Zimbabwe white ex-farmers
The African Development Bank (AFDB) has developed financial instruments to "fast track and front load" $3.5 billion in compensation to white farmers whose land was taken from them by Zimbabwe's govern...Published: 15 May 2023 at 19:05hrs | 118 | by Staff reporter
Zimbabwe hosts fourth Structured Dialogue Platform on arrears clearance and debt resolution process
Zimbabwe has concluded a fourth Structured Dialogue Platform meeting on debt clearance with creditors and development partners.Government and development partners met Thursday 11 May, to revie...Published: 15 May 2023 at 11:09hrs | 190 | by APO
Mnangagwa to engage creditors on Zimbabwe debt
PRESIDENT Mnangagwa is set to travel to the United Arab Republic of Egypt, where he has been invited by his counterpart, President Abdel Fattah El-Sisi, and will take advantage of the Africa Developme...Published: 14 May 2023 at 11:32hrs | 119 | by Staff reportetr
AfDB facilitates 3rd Structured Dialogue Platform meeting in Harare on Zimbabwe Arrears Clearance and Debt Resolution process
HARARE - Zimbabwe moved closer to resolving its debt issues last week as it hosted the third debt and arrears clearance structured dialogue platform meeti...Published: 04 Apr 2023 at 18:18hrs | 298 | by APO
Mthuli Ncube abandons technocrat tag
FINANCE minister Mthuli Ncube has abandoned his public image as President Emmerson Mnangagwa's poster boy technocratic cabinet minister after throwing his hat in the ring ahead of the Zanu-PF primary ...Published: 25 Mar 2023 at 11:33hrs | 896 | by Staff reporter
Prof Mthuli Ncube vision for Cowdray Park
From the horn of Africa in Ethiopia which resisted colonialism to Ghana which became the first African state to attain independence, the African continent has been home to many great minds that have l...Published: 18 Mar 2023 at 06:33hrs | 383 | by Staff reporter
Zimbabwe must realise its position in global geopolitics
ON Wednesday United States envoy Robert Scott jetted into the country. He did not hide his mission. "I am here to engage in a series of meetings with government, civil society and other a...Published: 04 Mar 2023 at 08:07hrs | 139 | by Staff reporter
Zimbabwe was colonized through a 'mega deal', and happening again with the Chinese and Belarusians
When people talk of colonization, there are those with the misguided notion that this only occurs via military conquest - usually, by a more powerful nation over a far weaker one.Yet, this cou...Published: 02 Mar 2023 at 07:32hrs | 1282 | by Tendai Ruben Mbofana
US official to visit Zimbabwe
Zimbabwe will today host the United States deputy assistant secretary of State in the Bureau of African Affairs Ambassador Robert Scott, where discussions around various issues affecting the two count...Published: 28 Feb 2023 at 07:36hrs | 217 | by Staff reporter
Mnangagwa claims that Zimbabwe upholds good governance
PRESIDENT Emmerson Mnangagwa told delegates attending the Zimbabwe Second Structured Dialogue Platform Meeting that the country is upholding tenets of good governance and democracy as part of efforts ...Published: 27 Feb 2023 at 15:50hrs | 465 | by Staff reporter
Authorities must implement AfDB's advice on free and fair election - Electoral reforms must include Diaspora Vote
Authorities must implement African Development Bank's Advice on free and fair election - Electoral reforms must include Diaspora Vote. Zimbabwe Diaspora Vote Initiative applauds the President ...Published: 26 Feb 2023 at 10:52hrs | 341 | by Padmore Kufa
Sanctions choke Zimbabwe, says AfDB chief
Economic sanctions imposed on Zimbabwe by the United States (US) and its Western allies remain the biggest impediment to the country's ability to clear its arrears and resolve its debt, president of t...Published: 26 Feb 2023 at 09:08hrs | 217 | by Staff reporter
Mnangagwa says Zimbabwe govt committed to tackle debt arrears
Zimbabwe President Emmerson Mnangagwa on Thursday said his administration is committed to clearing external debt arrears which have prevented the country from accessing fresh capital from global finan...Published: 24 Feb 2023 at 07:43hrs | 279 | by Staff reporter
Mnangagwa commits to fair elections
PRESIDENT Emmerson Mnangagwa has committed to running the upcoming 2023 elections fairly amid signs that the country's creditors have specified the area as a prerequisite for debt resolution.A...Published: 24 Feb 2023 at 07:31hrs | 538 | by Staff reporter
AfDB president expected in Zimbabwe
African Development Bank (AfDB) president Dr Akinumwi Adesina, the chief facilitator for Zimbabwe's arrears clearance and debt resolution process is expected in the country tomorrow to attend the seco...Published: 21 Feb 2023 at 05:49hrs | 53 | by Staff reporter
AfDB appointed adviser for Batoka Gorge project
THE African Development Bank has been appointed lead financial adviser for the planned US$5-billion Batoka Gorge hydro-power dam, designed to supply Zambia and Zimbabwe, which are facing crippling pow...Published: 15 Feb 2023 at 05:00hrs | 324 | by Staff reporter
AfDB chief to meet Mozambique's Chissano over Zimbabwe debt
AFRICAN Development Bank (AfDB) president Akinwumi Adesina and former Mozambique president, Joaquim Chissano, will meet at the end of this month to map out key actions to be taken on Zimbabwe's debt c...Published: 12 Feb 2023 at 07:29hrs | 231 | by Ashlet Simango
Mnangagwa's govt dangles US$20m for lithium battery plant
FINANCE and Economic Development Minister Professor Mthuli Ncube says the Government is ready to put forward US$20 million to partner investors willing to invest in a lithium battery manufacturing pro...Published: 03 Feb 2023 at 06:44hrs | 897 | by Staff Reporter
AfDB rallies support for Zimbabwe debt solution
When the African Development Bank (AfDB) president, Dr Akinwumi Adesina, speaks on the effects of devastating economic sanctions slapped on Zimbabwe over two decades ago by Britain and her western all...Published: 15 Dec 2022 at 00:21hrs | 622 | by Staff reporter
Zimbabwe govt pays US$50,28m to service external debt
TREASURY paid out US$50,28 million between January and September this year towards servicing its active debt portfolio while token payments were also made for debt arrears owed to International Financ...Published: 29 Nov 2022 at 05:15hrs | 235 | by Staff reporter
Mnangagwa invites African finance houses for talks
ZIMBABWE is ready to tap into available financial services provided by the Africa Export and Import Bank (Afreximbank) and the African Development Bank (AfDB) to bolster its industrial transformation ...Published: 28 Nov 2022 at 04:54hrs | 224 | by Staff reporter
Zimbabwe foreign debt now US$14.4bn
DEBT-RIDDEN Zimbabwe's total official Public and Publicly Guaranteed (PPG) debt is estimated at ZW$2.2 trillion for domestic debt and US$14 billion for external debt (including blocked funds of US$3.1...Published: 27 Nov 2022 at 14:58hrs | 273 | by Staff reporter
Mnangagwa woos investors at AfDB organised forum
PRESIDENT Emmerson Mnangagwa has invited investors who graced the recently held Africa Development Bank (AfDB) organised event to tap into the country's agricultural, mining and manufacturing sectors ...Published: 13 Nov 2022 at 17:32hrs | 82 | by Staff reporter
Mthuli Ncube transforms from technocrat to political player
IF ever there was any doubt, Finance minister Mthuli Ncube has fully abandoned his posture as a neutral technocrat after being elected a Zanu-PF central committee member last weekend.The centr...Published: 23 Oct 2022 at 18:55hrs | 2502 | by Staff reporter
Mnangagwa calls for shared African values
AFRICA's shared values and common challenges should not only bring the continent closer, but also help nurture the capacity to build a stable and conflict-free Africa that is needed to promote sustain...Published: 29 Aug 2022 at 06:27hrs | 163 | by Staff reporter
Zimbabwe to host high-level forum on debt resolution
The Zimbabwean government said Thursday it will soon host a high-level debt resolution forum with development partners and other stakeholders aimed at building consensus among stakeholders on resolvin...Published: 29 Jul 2022 at 06:56hrs | 508 | by Staff reporter
Harare-Beitbridge highway project: A new big step in the right direction
AS we turn right off the Harare-Beitbridge highway - just before the intersection of the Harare and Bulawayo arteries five kilometres north of Beitbridge Border Post on the banks of the Limpopo River ...Published: 25 Jul 2022 at 07:57hrs | 1523 | by Staff reporter
Zimbabweans have suffered long enough, says African Development Bank boss
THE African Development Bank (AfDB) says it has accepted to assist Zimbabwe's US$13,5 billion debt clearance plan partly because of the need to alleviate the country's citizens from the impact of extr...Published: 13 Jul 2022 at 07:26hrs | 12517 | by Staff reporter
AfDB to lead Zimbabwe debt clearance roadmap
AFRICAN Development Bank (AfDB) president Dr Akinwumi Adesina has formally accepted President Mnangagwa's request to lead Zimbabwe's debt clearance strategy, which is key for Harare to unlock fresh fu...Published: 13 Jul 2022 at 07:17hrs | 159 | by Staff reporter
African Development Bank Group Chief in Zimbabwe to get Debt Clearance Plan Underway
HARARE - African Development Bank Group President Dr. Akinwumi Adesina arrived in Zimbabwe at the start of a two-day official visit to the country.Adesina accepted a request in February by the...Published: 12 Jul 2022 at 14:15hrs | 542 | by APO
ZimFund $23 Million Power Project Ready to Roll with Delivery of New Transformer
HARARE, Zimbabwe - An Emergency Power Infrastructure Rehabilitation Project funded by ZimFund, has reached the last leg of implementation with the deliver...Published: 12 Jul 2022 at 08:17hrs | 1049 | by APO
Bulawayo avails 5 000 stands, another 5 000 in Masterplan
THE Bulawayo City Council (BCC) has availed more than 5 000 residential stands in various suburbs with another 5 000 outlined in its master plan as part of efforts to clear the city's housing backlog,...Published: 08 Jul 2022 at 07:35hrs | 3437 | by Staff reporter
US$37 million project stabilises Bulawayo water supply
MASSIVE waterworks initiated by Government and its partners have resulted in the installation of new pumping equipment, rehabilitation of water and sewer treatment plants in Bulawayo, with the Lake Gw...Published: 23 Jun 2022 at 06:44hrs | 334 | by Staff reporter
Zimbabwe abandons debt relief initiative
The Zimbabwe government has abandoned its plan to access a debt relief facility under the Highly Indebted Poor Countries (HIPC) initiative, meant to resolve its unsustainable debt, Business Times repo...Published: 02 Jun 2022 at 09:29hrs | 1164 | by Staff reporter
Cargo tracking improves Zimra tax compliance
THE Zimbabwe Revenue Authority (Zimra) has seen improved tax compliance due to its new electronic cargo tracking system (ECTS), which has enhanced monitoring of taxpayers and transit freight in the co...Published: 31 May 2022 at 06:25hrs | 117 | by Staff reporter
132% inflation no cause for 'panic', says Mthuli Ncube
Zimbabwe is taking steps to tackle an inflation rate that's jumped to 132% after its currency slumped, Finance Minister Mthuli Ncube said."We are instituting measures that every other country ...Published: 27 May 2022 at 06:53hrs | 2925 | by Staff reporter
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