Bulawayo24 News - Skyes! "it makes perfect sense"

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 mother and does not appear to give a hoot when …

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 when his family goes without decent nutritional fo…

Published: 14 Dec 2023 at 12:39hrs | 24 | 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.According to a debt bulletin released by …

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 the constituency on a Zanu-PF ticket, the firs…

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 Standard bank of South Africa are the joint arra…

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 Review selects the market's Best Deals from the pr…

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 boost to the Zimbabwean fiscus but also…

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) acted as co-ordinating bank and sponsors' advisor a…

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 being forced to accept local currency benefits de…

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' and Managers' Association Agrishow, wh…

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 13% in 2017 ($3.4 billion after data re…

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 operations of the Zimbabwe National Road A…

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 financial institutions in a desperate b…

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 whopping US$140 million to complete imp…

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 than previous forecast of 4,5 percent. 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 to Continental Reinsurance Kenya managi…

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 organised by the Zimnat Trade Credit Insurance, Bonds…

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 a trader supplying goods on credit face…

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 project, the impact will be immense - …

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 South African companies manage to do this will be…

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 Director, African Development Bank ann…

Published: 19 Oct 2016 at 11:08hrs | 4 | 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.The in duplum rule protects debtors from exp…

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 state leader has visited the country since the es…

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 delegation is on a five-day working visit from 21 to …

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.In his Monetary Policy statement released on…

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 means people are talking, surfing and drin…

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 relations, Chinese ambassador to Zimbabwe Lin…

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 the local private sector.The impending arriva…

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 knees.Instead of raising hope among the s…

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 Minister Patrick Chinamasa said on Tues…

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 Government and Corporate Stationers, a local school stat…

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.Standard Bank is financing the transact…

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 and construction of the Plumtree-Mutare highway.The transaction, which is …

Published: 28 Nov 2010 at 10:09hrs | | by Augustine Moyo and Darlington Musarurwa

Search / Credit insurance

Get latest news by email:

Young Warriors Held Again as Goal Drought Continues at COSAFA U-17 Qualifiers

Ramaphosa posts explicit videos on X

UN General Assembly Vote exposes deep cracks in SADC unity

Fastjet adds early morning Johannesburg-Harare flight

Durban City FC poised to sign Zimbabwean hitman

Zimbabwe's tourism beauty deserves global spotlight

Zimbabwe's fee cuts are welcome

UN overwhelmingly approves Palestinian statehood resolution

Police, ZIMRA in luxury vehicle crackdown

Man kills brother-in-law in dispute over cellphone

Maponga re-elected as ZUJ president

3 councillors face recall amid CCC factional wars

62,500 Zimbabweans blind from cataracts

The long journey to a digitised, modernised Montrose Studios

One-stop border post at Beitbridge

ZESA to replace old prepaid electricity meters

Missing person alert

Bulawayo hit by 2 armed robberies, losses exceed US$30k

Fast-food levy nets US$1 million for Treasury in 6 months

Process to gazette slashed levies begins

Victoria Falls to host high-stakes conference

2 die in Bulawayo hit-and-runs

Lovers found dead in suspected murder-suicide

Zimbabwe's World Tourism Expo ends on a high note

Zimbabwe's informal economy a risk to anti-money laundering drive

Advocate Mpofu takes on State House security guards

Chinese nationals fined only US$150 for cocaine in the Banana republic

Zimbabwe grain import ban affecting SA farmers

7 dead in Masvingo-Beitbridge road crash

No excuses will end Zimbabwe's electricity shortages without accountability, investment, and reform

News Team

Advertising