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Chinese debt threatens to switch off Zimbabwe's Hwange
Zimbabwe's industrial sector is on edge this week as concerns grow over the future of the Hwange Thermal Power Station, a critical asset for the country's beleaguered power grid. With power utility Ze...Published: 24 Nov 2024 at 10:14hrs | 11749 | by Staff reporter
CCTV Surveillance Technology in Africa needs a national policy
African countries are installing closed circuit television cameras (CCTV) and surveillance technologies without regulation frameworks and national CCTV and surveillance national policies. The sp...Published: 29 Oct 2022 at 11:28hrs | 3 | by Jacob Kudzayi Mutisi
RioZim's coal power project seeks other backing after China's U-turn
A Zimbabwean company that had been banking on Chinese financing to build a major coal-fired power plant says it is now looking for alternative backers as China pulls back on funding such projects over...Published: 31 Mar 2022 at 09:01hrs | 14 | by Staff reporter
Chief Nhlanhla Ndiweni stay put in the UK: We have had enough suspicious killings in Zimbabwe
Kuwe Nkosi Ndiweni, It is not a secret that I am not your favourite subject. I have critiqued you at every angle. However, I hate to see your life on the line. Going back to Zimbabwe means dea...Published: 20 Dec 2021 at 22:20hrs | 13 | by Nomazulu Thata
Zimbabwe women's group in today's reaction to Merry Mubayiwa is long overdue
We welcome the intervention of the Zimbabwe women's group to put pressure to the Vice President, General Constantine Chiwenga. We celebrate their move to put questions to VP why he is treating Merry l...Published: 29 Nov 2021 at 11:18hrs | 22 | by Nomazulu Thata
Zimbabwe's huge coal reserves might soon be redundant
TOP executives at Zimbabwe's power utility Zesa Holdings Limited and policymakers are deeply worried about the future of coal-fired electricity projects in the country following China's recent move to...Published: 23 Oct 2021 at 23:52hrs | 2 | by Staff reporter
Mnangagwa's ignorance on economics: Mthuli Ncube his best Boss ever
Even Mnangagwa's law degree is questioned by many. If Mnangagwa had a slender idea how the economy works, they would never launder money to Chinese banks in billions of dollars. He would know that kis...Published: 15 Oct 2021 at 18:45hrs | 14 | by Nomazulu Thata
Zimbabwe mortgaging resources
ZIMBABWE'S economy remains at risk of exploitation as the government continues to mortgage natural resources to secure loans, according to Veronica Zano, an official with the Southern Africa Resource ...Published: 26 Sep 2021 at 19:46hrs | 13 | by Staff reporter
Joe Biden's simple message to Africa: Save yourself
I went to university during the days of United States president J F Kennedy, Ghana's Kwame Nkrumah and the American dreamer, the Reverend Martin Luther King.The last 20 years have been dogged ...Published: 26 Sep 2021 at 19:44hrs | 14 | by Ken Mufuka
China stopping coal funding could power down Zimbabwe's energy plans
IF THERE is a country likely to be hurt the most by President Xi Jinping's decision for Beijing to stop building new power plants overseas, it is Zimbabwe.Among several African countries with ...Published: 26 Sep 2021 at 10:18hrs | 10 | by Staff Reporter
Govt dithers over radar acquisition
THE scandal-riddled process to acquire a modern air traffic control system, commonly known as the radar, has taken yet another twist after it emerged this week the Office of the President and Cabinet ...Published: 09 Jul 2021 at 12:05hrs | | by Staff reporter
Chamisa needs to ditch 'student politics'
POLITICAL analysts have once again warned that the opposition risks being annihilated by Zanu-PF ahead of the 2023 polls, unless they change strategy and pursue national dialogue.In addition, ...Published: 08 Apr 2021 at 16:38hrs | 1 | by Staff reporter
Dry weekend for Harare
All suburbs in Harare will have dry taps this weekend as the local authority has completely shut down its main water treatment plant, Morton Jaffray, to install a new pump and carry out routine mainte...Published: 18 Dec 2020 at 06:07hrs | | by Elliot Ziwira
Chinese companies ditch Zimbabwe projects
MAJOR Chinese insurance firms are refusing to underwrite critical infrastructure projects in Zimbabwe due to government's failure to pay commitment fees and other related costs, it has emerged....Published: 09 Oct 2020 at 10:19hrs | 17 | by Staff reporter
Don't shoot on Friday
The Vigil demonstrated on Saturday against the failure of the government to implement the recommendations of the Motlanthe Commission of Inquiry into the army's murder of unarmed civilians during a de...Published: 11 Aug 2019 at 18:21hrs | | by Zimbabwe Vigil Diary
Chinese bank places Zimbabwe on sanctions list
A Chinese government-owned financial institution, China Everbright Bank, one of its largest investment arms across Europe and Africa, has placed Zimbabwe on a list of countries it will not be dealing ...Published: 08 Aug 2019 at 07:49hrs | 2 | by Staff reporter
Funding Africa's infrastructure gap
Key to enabling African economies to make the most of their opportunities is developing infrastructure in the region. Across the continent, new laws are being implemented and alternative sources of in...Published: 30 May 2019 at 19:52hrs | 2 | by Agencies
Zimbabwe: Troubled nation now faces tough foreign policy choices
The toxic presidency of Mugabe may be over, but the new Zimbabwean government of Emmerson Mnangagwa must quickly make some hard foreign p...Published: 05 Oct 2018 at 17:18hrs | | by Stephen Chan, Professor of World Politics, University of London
Mnangagwa banks on Chinese bailout
Harare City Council says it is yet to receive the remainder of a loan to upgrade its water infrastructure from a Chinese bank, seven years after the deal was struck.Mayor Herbert Gomba said co...Published: 30 Sep 2018 at 08:00hrs | | by Staff reporter
Mnangagwa's quest for Chinese $2bn bailout hits a brick wall
PRESIDENT Emmerson Mnangagwa's quest for a critical US$2 billion bailout package from China in a desperate bid to ease the country's crippling liquidity crisis has hit a brick wall although the Chines...Published: 07 Sep 2018 at 13:02hrs | 3 | by Staff reporter
Blow for Mnangagwa, $2bn Chinese bid flops
President Emmerson Mnangagwa's quest for a critical US$2 billion bailout package from China in a desperate bid to ease the country's crippling liquidity crisis has hit a brick wall although the Chines...Published: 07 Sep 2018 at 07:35hrs | | by Staff reporter
Zimbabwe pins hope on China for forex
Zimbabwe is pinning hopes on Chinese banks to extending significant lines of credit to ease a serious shortage of foreign currency following a sharp rise in demand by businesses resulting from improve...Published: 07 Sep 2018 at 07:33hrs | 4 | by Staff reporter
Mnangagwa seeks $2,5 billion from China
ZIMBABWE is looking to secure at least $2,5 billion in lines of credit from major Chinese banks for on-lending to the private sector, Finance and Economic Planning Minister Patrick Chinamasa has said....Published: 05 Sep 2018 at 06:46hrs | | by Staff reporter
Mnangagwa renews $2 billion Chinese bid
PRESIDENT Emmerson Mnangagwa will tomorrow leave for Beijing, China, to attend the Forum on China-Africa Cooperation (Focac) summit after which he will hold a bilateral meeting with Chinese President ...Published: 01 Sep 2018 at 13:41hrs | | by Staff reporter
Mugabe 'had no vision', claims Mnangagwa
President Emmerson Mnangagwa has reportedly accused his predecessor Robert Mugabe of "stalling investment" that could have "jump-started" the country's economy "over the past decades".Accordin...Published: 27 Jul 2018 at 09:53hrs | | by Staff reporter
Mnangagwa govt hunts for $2bn funding
PRESIDENT Emmerson Mnangagwa's administration is frantically negotiating a critical US$2 billion bailout package with a top Chinese bank, the Industrial and Commercial Bank of China (ICBC), and other ...Published: 20 Jul 2018 at 16:00hrs | 1 | by Staff reporter
China dumps dollars
SOME Chinese banks today sold off large amounts of dollars to devalue the yuan, further rattling investors.The move by Chinese banks was likely at the behest of the Chinese government, analyst...Published: 27 Jun 2018 at 15:36hrs | 1 | by Staff reporter
'How can nothing come out of China's mega deals!' argue Knight - let the evidence speak!
Zimbabwe is in a serious economic mess, let us all agree on that! Unemployment has soared to 90%, ¾ of our people are living on US$1.00 or less a day, millions of our people are in the diaspora as ec...Published: 09 Apr 2018 at 22:16hrs | 1 | by Nomusa Garikai
Mnangagwa strategy for Zimbabwe's recovery
The multiple initiatives that President Emerson Dambudzo Mnangagwa's administration has launched may be confusing to a citizenry already buffeted by years of debility and decline.It is thus im...Published: 08 Apr 2018 at 09:16hrs | 2 | by George Charamba
China rejects Mnangagwa's 'looters list'
The People's Republic of China has downplayed a much hyped “looters list” published by Zimbabwean President Emmerson Mnangagwa.Chinese mining companies and individuals who allegedly extern...Published: 21 Mar 2018 at 15:05hrs | | by Staff reporter
Analysis: Could looters list hurt Zimbabwe China relations?
A list of 'looters' published by the government of Zimbabwe on Monday, 'naming and shaming' individuals and companies it alleges externalised money out of the country has raised speculations relations...Published: 21 Mar 2018 at 12:36hrs | 1 | by Prince Butawo (Khuluma Afrika Deputy Editor)
Begging bowl: Zimbabwe 'coup' architect in China
FINANCE minister Patrick Chinamasa and Reserve Bank of Zimbabwe governor John Mangudya are in China ahead of President Emmerson Mnangagwa's official visit to the Asian economic giant this month, as pa...Published: 21 Mar 2018 at 05:55hrs | 1 | by Staff reporter
Biti dismisses Mnangagwa's 'Mickey Mouse list'
Former Finance Minister and Harare lawyer Mr Tendai Biti has called President Emmerson's Mnangagwa's of companies and individuals who externalised funds and have not heeded the Mnangagwa's call ...Published: 19 Mar 2018 at 17:01hrs | 2 | by Staff reporter
Kim Jong Un threatens 'mentally deranged' Trump
SEOUL/NEW YORK - North Korea said on Friday it might test a hydrogen bomb over the Pacific Ocean after US President Donald Trump vowed to destroy the reclusive country, with leader Kim Jong Un promisi...Published: 22 Sep 2017 at 13:03hrs | | by Reuters
Absa Bank Limited and China Development Bank Conclude a $100 million Agreement
JOHANNESBURG - Absa Bank Limited (www.Absa.co.za), a subsidiary of the Barclays Africa Group (BAGL) (www.BarclaysAfrica.com), has successfully concluded a five year $100 million Special Facility Agree...Published: 18 Aug 2017 at 10:10hrs | | by APO
Zimbabwe applies for $153m China EximBank loan
THE Government has made an application for a $153 million loan facility from China EximBank for the upgrade of Harare International Airport.Harare International Airport, with a passenger capac...Published: 13 Jul 2017 at 07:17hrs | | by Staff reporter
Hwange signs 25-year coal supply deals
HWANGE Colliery Company Ltd has signed off-take agreements with two thermal power stations, which will see it supplying the firms with 400 000 tonnes of coal per month. The 25-year coal supply...Published: 20 Apr 2017 at 06:48hrs | | by Staff reporter
'Repayment challenges stalling Zimbabwe - China deals'
President Robert Mugabe says while most of the mega projects signed with China are progressing well, delays in repayment of arrears have affected the implementation of some of the deals.Th...Published: 23 Feb 2017 at 14:33hrs | | by Staff reporter
Mugabe's China master-stroke
President Mugabe's recent meeting with his Chinese counterpart, President Xi Jingping has started bearing fruits as several Chinese investors are already in the country to effect deals under Speci...Published: 22 Jan 2017 at 12:05hrs | | by Staff reporter
No joy on extolled China mega deals
Analysts say Zimbabwe is a long way from tying down and reaping the benefits of its much-vaunted multi-billion dollar "mega deals" with China, which first hit the headlines in 2014.This is...Published: 14 Jan 2017 at 09:01hrs | | by Staff reporter
Turkish Airlines executives jet into Zimbabwe
GOVERNMENT says one of the global airlines it is courting to operate direct flights into Victoria Falls will send a delegation to Harare next month to appraise themselves of the route.The Vict...Published: 27 May 2016 at 09:26hrs | 15 | by Staff reporter
Clearance for $100 billion from China still pending
THE MINISTER OF MINES AND MINING DEVELOPMENT Walter Chidhakwa has said the government of Zimbabwe is still waiting for a clerance of the $100 billion facility extended to Zimbabwe by China Bank....Published: 01 Nov 2015 at 08:28hrs | 1 | by Stephen Jakes
Chinese Export and Credit insurance team arrives in Zimbabwe
A delegation from the China Export and Credit Insurance Corporation is in Zimbabwe to facilitate insurance cover on loan facilities extended to Zimbabwe's companies by Chinese banks.The delega...Published: 22 Sep 2015 at 19:29hrs | | by Staff Reporter
Chinese bank withhold funds for Zimbabwe electricity expansion project
The China Export and Import Bank has withheld funds for the Kariba South Hydro Power expansion until the government clears its previous loan obligations.The decision is likely to delay complet...Published: 29 Apr 2015 at 06:41hrs | 1 | by Staff reporter
China seeking the secondment of its officials to key Zim parastatals
The Chinese government is seeking the secondment of its officials to key Zimbabwe parastatals to ensure that Chinese loans for government projects are not lost to "leakages", it emerged this week....Published: 23 Jan 2015 at 10:19hrs | | by Staff reporter
Govt repays Chinese loans
Government says it has made repayments amounting to US$180 million to Chinese creditors during the first half of the year as part of efforts to improve the country's creditworthiness and strengthen bi...Published: 10 Sep 2014 at 19:04hrs | | by Staff Reporter
'Zambezi water project will remain a pipe dream,' says Biti
The former minister of Finance Tendai Biti says the Matabeleland Zambezi Water Project - touted as the long-term solution to the southern region's water woes - will remain a pipe dream as the Chinese ...Published: 28 May 2014 at 12:53hrs | 10 | by Staff reporter
How CIOs siphoned $70m loan facility
FURTHER details have emerged on how the shadowy CIO squandered $70 million provided by the Chinese government through state-controlled financial institutions following hints on the issue by deputy for...Published: 11 Apr 2014 at 16:00hrs | | by Elias Mambo
Zim gets another loan from China
The China-Eximbank has approved a US$218 000 loan facility for the development of information communication technology (ICT) infrastructure for the growth of the sector.The development was con...Published: 24 Mar 2014 at 21:16hrs | 2 | by Staff Reporter
Chinese bank agrees to finance Hwange Thermal Power Station
A CHINESE bank has agreed to finance the Hwange Thermal Power Station expansion. Permanent Secretary in the Ministry of Energy and Power Development Mr Partson Mbiriri revealed this at theConf...Published: 09 Jun 2013 at 21:02hrs | | by Staff Reporter
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