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Is China good for Zimbabwe?
IMAGINE your father having an "all-weather friend" who appears to stand by him in every situation.This seemingly "all-weather friend", however, looks away as your father brutally batters your ...Published: 20 Dec 2023 at 09:10hrs | 16 | by Tendai Ruben Mbofana
Is China really helping suffering Zimbabweans?
Imagine your father has an 'all-weather friend', who appears to stand by him in every situation.He looks away as your father brutally batters your mother and does not appear to give a hoot whe...Published: 14 Dec 2023 at 12:39hrs | 16 | by Tendai Ruben Mbofana
Zimbabwe to clear its foreign debt by the end of 2025
ZIMBABWEAN Finance Minister Mthuli Ncube says Harare will do all it can to clear its foreign debt by December 2025 to open fresh lines of credit that would help in revamping the floundering economy....Published: 07 Aug 2023 at 06:36hrs | 3 | by Staff reporter
Mthuli Ncube claims credit for Cowdray Park clinic
FINANCE minister Mthuli Ncube has been exposed for hijacking a clinic in Bulawayo's Cowdray Park, claiming to have facilitated its construction as part of his election campaign.Ncube is eyeing...Published: 27 Apr 2023 at 06:28hrs | 2 | by Staff reporter
ABSA, Standard Bank agree US$193m funding deal to build new Zimbabwe hospitals
Zimbabwe is to raise US$193 million in offshore lending to implement a 2019 agreement with UK infrastructure company NMS for the construction of hospitals and clinics in the country.ABSA and S...Published: 29 Mar 2023 at 20:43hrs | 2 | by Staff reporter
'Beitbridge project among top deals of the year'
The Global Trade Review, the global trade finance magazine, has named the US$296 million project to rebuild Beitbridge Border Post among its top 11 worldwide deals of the year.Global Trade Rev...Published: 28 May 2021 at 08:03hrs | 1 | by Staff reporter
Funding deal struck for Beitbridge border revamp
A US$300 million deal has been struck for the redevelopment of the Beitbridge Border Post, with a consortium of South African banks availing funds for a project that is expected to not only provide a ...Published: 14 Feb 2021 at 09:41hrs | 12 | by Staff reporter
African banks sign deal to rehabilitate Beitbridge border post
A group of African banks has signed a US$194mn senior debt facility to rehabilitate the Beitbridge border post, a crossing that connects Zimbabwe and South Africa.Rand Merchant Bank (RMB) acte...Published: 29 Jan 2021 at 07:23hrs | 2 | by Staff reporter
Mnangagwa orders US-dollar payment on foreign currency pensions
PRESIDENT Emmerson Mnangagwa Friday ordered US dollar pension pay-outs on all investments under which workers injected foreign currency.This comes after thousands of Zimbabwean workers were be...Published: 28 Nov 2020 at 07:08hrs | 1 | by Staff reporter
Zimnat and THI bring agricultural innovation to ADMA Agrishow
Zimnat and THI Insurance, which earlier this year entered into an underwriting management agency agreement with Zimnat General Insurance, are jointly participating in this year's Agricultural Dealers'...Published: 11 Jun 2019 at 09:20hrs | 3 | by Staff reporter
Supply side intervention key for Zimbabwean Industries
The local industry has been operating below par in the last 20 years. Various policies by the government have failed to reindustrialize the economy with the sector's contribution to GDP falling below ...Published: 01 Dec 2018 at 10:22hrs | 1 | by Victor Bhoroma
Zinara committee audit report questioned
The credibility of a report compiled by a committee appointed by former Transport and Infrastructural Development Minister Dr Joram Gumbo to study the findings of an audit by Grant Thornton on the ope...Published: 26 Nov 2018 at 05:46hrs | 2 | 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
Mnangagwa's govt pressures Zesa to pay Chivayo $52m
PRESIDENT Emmerson Mnangagwa's administration - in many ways carrying over from where toppled former president Robert Mugabe's regime left - has given the green light for Wicknell Chivayo to access a ...Published: 20 Jul 2018 at 14:25hrs | 2 | by Staff reporter
Zimbabwe economy to grow faster than projected
Zimbabwe's economy is likely to grow faster that initially projected, largely driven by mining and agriculture. Minister Chinamasa said on Tuesday the economy would expand 6 percent in 2018, faster th...Published: 22 Jun 2018 at 06:59hrs | | by Staff reporter
Trade credit risks discussed at Zimnat conference
The majority of trade transactions across the world are conducted on open account terms, supported by a purchase order and invoice with mutually agreed payment terms as the basis for trust, according ...Published: 11 Jun 2018 at 15:54hrs | 1 | by Agencies
Kenyan, Mauritian experts address Zimnat trade credit conference
A high level conference on the role of trade credit insurance in promoting and supporting increased trade will be held on June 8 at Cresta Lodge in Harare.The conference, which has been organi...Published: 23 May 2018 at 08:29hrs | 4 | by Agencies
Zimnat establishes trade credit insurance unit to boost exports
With the Zimbabwean economy opening up and new possibilities for trade emerging, Zimnat has established a specialist division offering trade credit insurance to cover the risk of payment default that ...Published: 26 Apr 2018 at 12:05hrs | | by Agencies
Zimbabwe's $4,2bn game changer, 90 000 jobs, timelines given
WHILE the market is still digesting the meaning and implications of the $4, 2 billion platinum deal that was sealed by Government on Thursday last week, judging by the envisaged scope and scale of the...Published: 25 Mar 2018 at 08:41hrs | | by Staff reporter
Unlocking African markets for South African stakeholders
JOHANNESBURG - Despite Africa's market and political challenges, local property developers, contractors and investors are still delivering projects successfully throughout the continent.How So...Published: 23 Aug 2017 at 17:19hrs | 1 | by APO
African Trade Insurance Agency officially open for business in Zimbabwe
NAIROBI - At a press conference, the CEO of the African Trade Insurance Agency (ATI) (www.ATI-aca.org), George Otieno, along with H.E. Dina Mufti, the Ethiopian Ambassador and Gabriel Negatu, Regional...Published: 19 Oct 2016 at 11:08hrs | 3 | by APO
RBZ to enforce in duplum rule
The Reserve Bank of Zimbabwe has moved to boost public confidence in the local banking sector by among other things, compelling banks to adhere to the in duplum rule in respect of interest rates....Published: 08 Jul 2016 at 15:05hrs | 1 | by Tawanda Musarurwa
Chinese leader XI Jinping set to visit Zimbabwe
PRESIDENT Robert Mugabe has described Chinese President Xi Jinping's forthcoming visit this December as of great significance to Zimbabwe. Xi's trip will mark the second time that a Chinese st...Published: 16 Nov 2015 at 12:57hrs | | by Agency
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
Two RBZ subsidiaries to resume operations
TWO Reserve Bank of Zimbabwe (RBZ) subsidiaries, Export Credit Guarantee Corporation's (ECGC) and Aurex Private Limited, will resume operations soon, central bank governor John Mangudya has said....Published: 13 Feb 2015 at 05:37hrs | 1 | by Business Reporter
'Mugabe has developed incompetence into an art'
"It is a sign of a sick economy when the top two companies in it are a mobile operator and a brewery. The fact that Econet Wireless and Delta Beverages are the largest companies in Zimbabwe simply me...Published: 25 Nov 2014 at 09:09hrs | | by Ken Yamamoto
Chinese ambassador elaborates on Mugabe's China visit
China and Zimbabwe signed nine bilateral cooperation agreements during Zimbabwean President Robert Mugabe's recent state visit to China, as the two countries strengthened economic and political relati...Published: 17 Sep 2014 at 10:01hrs | 5 | by Xinhua
Chinese insurer coming to Zimbabwe
Officials from the Chinese export credit insurance agency, China Export and Credit Insurance Corporation (Sinosure) are expected in the country next week to finalise negotiations for lending to th...Published: 12 Sep 2014 at 07:01hrs | 3 | by Staff reporter
Mugabe returns from China with a bag of secretive agreements
President Robert Mugabe jets into Harare today from a begging trip in China only holding a bag of secretive agreements and signatures but with no cash to revive an economy which is virtually on its k...Published: 01 Sep 2014 at 08:46hrs | 3 | by Staff reporter
Mugabe pushes for power generation funding from China
The Zimbabwe government has tabled a number of power generation projects for funding by China as it prioritises energy as a key enabler for resuscitating the economy, Finance and Economic Development ...Published: 27 Aug 2014 at 10:15hrs | 10 | by Xinhua
Civil servants get new food supply scheme
Civil servants are set to benefit from a new food supply scheme under which they will access groceries from selected trading outlets on credit at a sizeable discount.It is understood Governme...Published: 19 Nov 2011 at 21:16hrs | 12 | by Staff reporter
Standard Bank announces key Beitbridge infrastructure deal
Standard Bank has financed the entire debt requirements for the South African Infrastructure Investment Company, (SAIIC), to upgrade the Beitbridge Border Post (BBP) between South Africa and Zimbabwe....Published: 04 Aug 2011 at 12:24hrs | 2 | by Moyo Roy
Zinara secures US$207m
ZIMBABWE National Road Administration (Zinara) has sourced a US$207 million loan facility from the Development Bank of Southern Africa (DBSA) for the rehabilitation ...Published: 28 Nov 2010 at 10:09hrs | | by Augustine Moyo and Darlington Musarurwa
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