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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 | 218 | by APO
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 | 300 | by APO
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
Lenders slap Zimbabwe with US$2,1 billion penalties
INTERNATIONAL creditors and banks have hit Zimbabwe with penalties totalling US$2,1 billion for unsettled debts, official data has shown.According to a report titled "Statement of Zimbab...Published: 18 Dec 2022 at 06:50hrs | 1155 | 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 | 236 | 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 | 274 | 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 | 543 | 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
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 | 1166 | by Staff reporter
Zimbabwean heads Africa list of women to watch in banking & finance
WOMEN to Watch in Banking and Finance program has announced the list of Top 10 women shaping Africa's financial services sector.The list was compiled following a 3 month entry period which saw...Published: 14 Jan 2022 at 06:38hrs | 1318 | by Staff reporter
Zimbabwean to head AfDB's South Sudan operations
THE African Development Bank Group (AfDB) has appointed Themba Bhebhe, a Zimbabwean national, as South Sudan country manager effective October 1, 2021.Bhebhe joined the pan-African bank in 200...Published: 31 Oct 2021 at 07:05hrs | 6 | by Staff reporter
Zimbabwe: A farmer harvests success in refugee camp
ABIDJAN, Ivory Coast - When Jean Damacene arrived at the Tongogara Refugee Camp in Zimbabwe, he was 38 years old and hoping to return to his country Rwanda soon. Eighteen years later, the maize farmer...Published: 03 Sep 2021 at 14:14hrs | | by APO
Zambian economy outplayed Lungu
The misconception that a replication of Edgar Lungu's political dilemma will befall Zimbabwe come 2023 will remain a mirage, not only for Nelson Chamisa who rushed to ululate at the then opposition pa...Published: 23 Aug 2021 at 07:47hrs | 10 | by Daphine Zulu
'Mthuli Ncube's strategy will help him avoid fresh borrowings'
THE global economy contracted 4,3% in 2020 against a background of the United States-China trade war, Brexit and the unprecedented Covid-19 pandemic, which saw countries imposing strict lockdowns that...Published: 01 Aug 2021 at 06:45hrs | 2 | by Inter HorIzon Securities
Zimbabwe makes token payments to clear foreign debt
ZIMBABWE has started making token payments to service the country's foreign debt with the Treasury channelling about US$17 million in the first quarter of 2021 towards clearing the arrears owed to dif...Published: 30 Jul 2021 at 07:26hrs | 11 | by Staff reporter
African Development bank announces new appointment
The African Development Bank Group has announced the appointment of Dr Alex Mubiru as Director (Strategy and Delivery) in the Office of the President, effective 1st November 2020.The group sai...Published: 14 Oct 2020 at 09:27hrs | 2 | by Stephen Jakes
Mthuli Ncube's speech to AfDB boards of governors - Fulltext
Speech by the minister of finance and economic development, Hon. Prof. Mthuli Ncube during the 2019 annual meetings of the boards of governors of the African Development Bank Group: Malabo, Republic o...Published: 16 Jun 2019 at 20:03hrs | 1034 | by Mthuli NCube
AfDB urges reforms to improve Zimbabwe business climate
DEEP structural reforms such as transparency in the mining sector and respect for property rights could improve Zimbabwe's business climate, attract private investment and see the return of skilled la...Published: 06 Jan 2019 at 10:10hrs | 534 | by Staff reporter
Zimbabwe worse than Africa as a whole on SDGs: AfDB
ZIMBABWE has performed worse than Africa as a whole on almost all sustainable development goal (SDG) outcome indicators such as health and education, the African Development Bank Group (AfDB) has said...Published: 04 Jan 2019 at 09:22hrs | 874 | by Staff reporter
Business endorses Mthuli Ncube
ZIMBABWE'S business executives have endorsed Professor Mthuli Ncube's Friday appointment as Finance Minister with some hoping he leveraged from his education and vast experience in world business to e...Published: 08 Sep 2018 at 11:17hrs | | by Staff reporter
Know your Minister of Finance Prof Mthuli Ncube
Professor Mthuli Ncube is currently Managing Director and Head of Quantum Global Research Lab (Switzerland), part of Quantum Global Group, the largest Private Equity group dedicated to investing in Af...Published: 07 Sep 2018 at 19:14hrs | 12832 | by Staff Reporter
'Africa is the place to be,' African Development Bank President tells China
The President of the African Development Bank, Akinwumi Adesina, has urged Chinese business leaders to attend the Africa Investment Forum scheduled to take place in Johannesburg, South Africa, from 7-...Published: 06 Sep 2018 at 07:29hrs | 915 | by Staff Reporter
Who is Professor Mthuli Ncube?
PROFESSOR Mthuli NCUBE is a financial, economics, investment, and public policy expert. He has vast experience and worked in the private sector, public sector, academia, and international financial in...Published: 21 Aug 2018 at 17:51hrs | 13770 | by Agencies
'State-led industrialisation key for Africa'
African Development Bank Group (AfDB) president Akinwumi Adesina has said State-led industrialisation will drive millions out of poverty, as the bank announced a $35 billion investment over 10 years t...Published: 22 May 2018 at 06:35hrs | 26 | by Staff reporter
Mthuli Ncube appointed Head of Research Lab at Quantum Global Group
Quantum Global Group (Quantum Global), an investment firm focusing on Africa, today announced the appointment of Prof. Mthuli Ncube as the Head of its research arm, Quantum Global Research Lab (QG...Published: 20 Sep 2016 at 10:45hrs | 2556 | by Staff reporter
Govt blows $400m on Zim-Asset
Government spent more than US$400 million on projects under the Zimbabwe Agenda for Sustainable Socio-Economic Transformation in 2015, with more resources expected to be channelled towards energy, hou...Published: 15 May 2016 at 13:33hrs | | by Brian Chitemba
Zimbabwe to receive $16.5 million from AfDB
The African Development Bank Group (AfDB) fast-tracked a grant of US $16-million on Wednesday, September 30, to help clean up the poorest suburbs of the Zimbabwean capital. The first stage of the proj...Published: 01 Oct 2015 at 14:53hrs | | by Staff reporter
Billionaire takes aim at Robert Mugabe
SUDANESE-BRITISH billionaire Mo Ibrahim yesterday said the young generation should be in leadership to drive African economies as they have the energy and power, in remarks aimed at President Robert M...Published: 22 May 2014 at 09:45hrs | 6632 | by Staff reporter
AfDB and Made in Africa Foundation Launch Fundraising for Africa50 Infrastructure Fund
NEW YORK - The African Development Bank and Made in Africa Foundation officially launched the fundraising for the Africa50 infrastructure fund on Thursday, Septem...Published: 27 Sep 2013 at 08:02hrs | 2825 | by APO
Visa requirements in Africa hamper trade and job creation, concludes panel at the AfDB Annual Meetings
Africa is one of the regions in the world with the highest visa requirementsMARRAKECH, Morocco - "Africa is one of the regions in the world with ...Published: 01 Jun 2013 at 13:59hrs | | by APO
Zimbabwe commercial bank deposits records a significant improvement
The Zimbabwe Monthly Economic Review, released last week for the period June 2011, and compiled by the African Development Bank Group (AfDB) shows that commercial bank deposits have shot up from about...Published: 24 Jun 2011 at 09:02hrs | | by Nare Msupatsila
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