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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 | | 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 | | 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 | 7 | by Staff reporter
Mnangagwa pleads poverty
REVELATIONS that Zimbabwe is pushing to be classified a Heavily Indebted Poor Country (HIPC) as Harare seeks debt relief in what is effectively a volte-face on the long-held official aversion to the i...Published: 27 Apr 2022 at 13:37hrs | 1 | by Staff reporter
Zimbabwe pushing to be classified a Heavily Indebted Poor Country
ZIMBABWE is pushing to be classified a Heavily Indebted Poor Country (HIPC) as the country seeks debt relief in what could be a volte-face on the long-held official aversion to the initiative, a new r...Published: 15 Apr 2022 at 19:22hrs | 7 | by Staff reporter
2023 elections, Mugabe predictive intelligence
THE leader who carries off the remarks by the late President Mugabe will likely win the 2023 elections in Zimbabwe. The leader who does not let the Mugabe decision affect him at a personal level will ...Published: 04 Mar 2022 at 17:44hrs | 10 | by Sharon Hofisi
Zimbabwe rights groups, opposition stage online protest against Constitutional amendments
ZIMBABWEAN opposition and rights groups have held an online protest against proposed constitutional amendments that would allow the president to handpick top judges. Thousands of people viewed t...Published: 07 May 2021 at 19:12hrs | 1 | by Staff reporter
'Zimbabwe is not poor'
ZIMBABWE will not take the Heavily Indebted Poor Country (HIPC) route as it still has economic indicators that do not qualify it into the grouping, an official in the Ministry of Finance and Economic ...Published: 31 Mar 2019 at 23:46hrs | 1 | by Staff reporter
10 point plan to save Zimbabwe
Founder of the Coalition for Market and Liberal Solutions (COMALISO) Rejoice Ngwenya says Zimbabwe needs to adopt liberal economics for it to be extricated from its current problemsNgwen...Published: 13 Feb 2019 at 12:35hrs | | by Mandla Ndlovu
Zimbabwe's quest for debt forgiveness thrown out
Zimbabwe's quest to pursue the Highly Indebted Poor Countries (HIPC) debt forgiveness option has been thrown into disarray amid resistance from the United States and government's decision to rebase th...Published: 28 Oct 2018 at 21:18hrs | | by Staff reporter
Mthuli Ncube has a good plan
Political legitimacy, economic bailout and the draconian Public Order and Security Act (Posa) and Access to Information and Protection of Privacy Act (Aippa) laws are some of the topics Zimbabwe's new...Published: 25 Oct 2018 at 06:42hrs | | by Staff reporter
Zimbabwe's upper middle-income economy agenda 2030: Are we not inviting trouble?
THE government's neoliberal agenda and its target for the upper middle-income economy (UMIE) by 2030, if not handled well, might present us with many challenges that will further alienate and suffocat...Published: 23 Oct 2018 at 06:38hrs | | by Michael Ndiweni
'Mthuli Ncube to clear WB, IMF debt in 12 months'
ZIMBABWE plans to clear its arrears with the African Development Bank (AfDB) and World Bank in the next 12 months, with support from an unnamed creditor country, Finance minister Mthuli Ncube has said...Published: 22 Oct 2018 at 06:32hrs | | by Staff reporter
Tendai Biti always has something to say
The Daily News on Sunday's Pauline Hurungudo sits down for a wide-ranging interview with former Finance minister Tendai Biti, who is also the deputy national chairperson for the MDC, about the state o...Published: 21 Oct 2018 at 14:19hrs | | by Staff reporter
Mthuli Ncube to clear $2 billion debt arrears in 12 months
FINANCE minister Mthuli Ncube has said Zimbabwe is looking to clear its $2 billion arrears with the World Bank and African Development Bank in the next 12 months.In an interview with Reuters n...Published: 20 Oct 2018 at 08:28hrs | | by newzimbabwe
Zimbabwe considers debt cancellation
Zimbabwe is considering a request to have its debt with the multilateral lenders, World Bank and International Monetary Fund to be cancelled in order to reduce burden on the country's fragile economy....Published: 17 Oct 2018 at 14:07hrs | | by Staff Reporter
Biti accuses Mthuli Ncube of failing to grasp elementary economics
FINANCE minister Mthuli Ncube is actively seeking to have the Zimbabwe foreign debt forgiven under the Highly Indebted Poor Countries (HIPC) programme by the International Monetary Fund (IMF), a move ...Published: 16 Oct 2018 at 06:35hrs | 1 | by Staff reporter
Mthuli Ncube's ambitious plans
ZIMBABWE'S Finance minister Mthuli Ncube has ambitious plans of floating a Eurobond on the international debt market but he will have to put them on hold until he hammers out an elaborate schedule to ...Published: 29 Sep 2018 at 13:10hrs | | by Staff reporter
CSOs in Matabeleland call for inclusion in PRSP development
Civil Society Organisations in the Western region have urged the government to promote inclusive participation in the development of the Poverty Reduction Strategy Paper (IPRSP) as the current one exp...Published: 14 Sep 2017 at 19:04hrs | | by Agencies
Zimbabwe needs Grace Mugabe
AS a Bible scholar, I understand the role of grace in our lives. In simple terms, grace is unmerited favour or assistance.Ever since the attainment of Independence in 1980, Zimbabwe has precar...Published: 02 Aug 2017 at 12:20hrs | | by Patson Dzamara
Zimbabwe needs Grace
As a Bible scholar, I understand the role of grace in our lives. In simple terms, grace is umerited favour or assistance.Ever since the attainment of Independence in 1980, Zimbabwe has precari...Published: 31 Jul 2017 at 12:36hrs | | by Patson Dzamara
Long Read: Zimbabwe's make or break moment
Since its formation, in 1980, Zimbabwe has never seen such low moments. It is remarkable, given that we have hogged the bottom of the barrel from inception. Chiefly because of ZANU PF's mismanagement,...Published: 22 Apr 2017 at 17:45hrs | | by Dr Patson Dzamara
Tendai Biti's State of the Economy Address- Fulltext
STATE OF THE ECONOMY ADDRESS (SEA) BY THE PRESIDENT OF THE PEOPLE'S DEMOCRATIC PARTY (PDP) PRESIDENT, HONORABLE TENDAI BITI PRESENTED ON THE 9TH OF DECEMBER 2016 AT THE PDP PARTY OFFICES IN HARARE, AT...Published: 13 Dec 2016 at 13:08hrs | | by Tendai Biti
The strange case of Zimbabwe's IMF's repayment
On 28 October 2016, Zimbabwe utilized part of its Special Drawing Rights (SDRs) to settle the US$108 million it owed to the IMF's Poverty Reduction and Growth Trust Fund (PRGT), which funds were held ...Published: 26 Oct 2016 at 22:28hrs | | by PDP
Debt-ridden Zimbabwe runs out of time
TIME is running out for the debt-ridden government to settle its US$1,8 billion arrears to preferred international financiers - World Bank, International Monetary Fund (IMF) and the African Developmen...Published: 12 Aug 2016 at 11:39hrs | | by Staff reporter
'Economic crisis will liquidate Zanu-PF'
Former Finance minister Tendai Biti, who now leads opposition People's Democratic Party (PDP) says Zanu-PF has failed to justify its continued hold on power and the current economic crisis will liquid...Published: 27 Jun 2016 at 19:20hrs | 3 | by Guthrie Munyuki
Zim still can not borrow money from IMF- policy analyst
A Bulawayo based policy analyst Batler Tambo has said Zimbabwe had had its voting rights at the International Monetary Fund (IMF) revoked in 2003 because of arrears on payments and while those were re...Published: 07 Dec 2015 at 05:44hrs | | by Stephen Jakes
Borrowing responsibly: Africa's debt challenge
Countries may be borrowing too much and too fast It's been a rough year for the West African countries most affected by the Ebola virus that has ra...Published: 17 Jun 2015 at 17:48hrs | | by Jocelyne Sambira
Zim seeks re-engagement with IMF
ZIMBABWE plans to host a second international debt resolution forum this month to resolve the country's over $9 billion total debt which has hamstrung the flow of lines of credit from multilateral fin...Published: 24 Nov 2014 at 03:51hrs | | by Staff Reporter
'Zimbabwe not a basket case, has to clear debts,' says IMF
Zimbabwe will not be able to access fresh funds from the World Bank and the International Monetary Fund until it has paid its long overdue arrears. The IMF head of mission to Zimbabwe, Do...Published: 24 Sep 2014 at 12:32hrs | | by Staff reporter
'Be wary of Mugabe's China deals'
MDC-T has called on Parliament to scrutinise "mega deals" negotiated by President Mugabe and a team of ministers in their recent trip to China.Party Harare provincial spokesperson Obert Gu...Published: 12 Sep 2014 at 05:14hrs | | by Staff Reporter
Mugabe seeks $1.4billion World Bank reprieve
COLOGNE - President Robert Mugabe's administration has ratchet up efforts, to seek a massive US$1.4billion World Bank reprieve, as the country's economy is sliding back into a tailspin, The Telescope ...Published: 25 Jul 2014 at 07:58hrs | | by Itai Gwatidzo Mushekwe
African Countries Must Re-benchmark their GDP statistics
When Ghana revised its Gross Domestic Product (GDP) figures in 2010, the resultant 60 per cent jump in its GDP estimates saw it being upgraded from low-income country to a lower-middle income coun...Published: 06 Jun 2014 at 06:48hrs | | by Perry Munzwembiri
Zim lobby creditors to have its $6.1bn debt written off
ZIMBABWE will this year actively lobby creditors to have its $6,1 billion debt written off after completing an audit and validation of the debt last year, Finance and Economic Development Minister Pat...Published: 23 Jan 2014 at 06:57hrs | | by Business reporter
Zimbabwe classified as a 'grant-only country'
ZIMBABWE has been classified a "grant-only country" status by the African Development Bank (AfDB) and requires the same nod from the World Bank to qualify for debt relief and interest-free loans under...Published: 09 Jun 2013 at 09:58hrs | | by Ndamu Sandu I The Standard
Money the root of all evil
"Money is the root of all evil," the email read. "It is the reason you Africans are a failure; a dependent of the West. It is the reason you languish at the bottom of the totem pole. Don't blame us. ...Published: 03 Jun 2013 at 03:35hrs | | by Field Ruwe
Election uncertainties scare away Zimbabwe investors
The wrangling among Zimbabwe's diverse political parties, numerous political action groups, the president, prime minister and many others in the political hierarchy as well as the media as to when the...Published: 24 May 2013 at 06:57hrs | | by Eric Bloch
Umfana (11) untshontsha i $24 000
UTHANDO Iwemali alulamngcele, nanko phela kulomntwana oleminyaka elitshumi lanye (11), otshiye izakhamizi zeHope Fountain zitshe amathe ngokutshontsha imali angange $24 000, kanye lempahla ezigoqela...Published: 07 Nov 2012 at 05:52hrs | | by intatheli
Securitise the country's minerals- Gono
Reserve Bank of Zimbabwe (RBZ) Governor Dr Gideon Gono has called for the securitisation of the country's natural resources as a way of addressing external debt as opposed to adopting the Highly Indeb...Published: 29 Jan 2012 at 08:03hrs | | by Staff reporter
Zimbabwe's debt - a compelling case for an audit
The rejection by UK Development Minister Andrew Mitchell of civil society calls to audit Zimbabwe's US$7 billion debt before relief under HIPC is regrettable. Whenever an audit is resisted, it...Published: 25 Jan 2012 at 13:25hrs | | by Clifford Chitupa Mashiri
Tendai Biti, what a phenomenal climb down on US sanctions
Reports that Finance Minister Tendai Biti has lambasted the decision by the United States to slap two Chiadzwa diamond companies with sanctions is admittedly a phenomenal climb down for a political fu...Published: 25 Jan 2012 at 07:32hrs | | by Tendai moyo
Zanu-PF to oppose Biti's debt plan
Zanu-PF on Friday said it will vigorously oppose Finance Minister Tendai Biti's plan to get Zimbabwe's staggering $7.4 billion external debt written off under the Heavily Indebted Poor Countries initi...Published: 16 Jan 2012 at 08:34hrs | | by Staff reporter
Zimbabwe fails to pay back Malawi, $22 million, debt
Zimbabwe has failed to pay back to Malawi a balance of US$22 million from a loan of US$100 million which Zimbabwe borrowed from Malawi in 2007 for the purchase of maize from the country.The M...Published: 06 Jul 2011 at 13:49hrs | | by .
Zimbabwe's foreign debt arrears hit US$4,8 billion
ZIMBABWE has fallen behind on its payments to external creditors to the tune of US$4,8 billion, according to data from the central bank.The figures show...Published: 08 Feb 2011 at 00:58hrs | | by Byo24NEWS
Call to improve country risk ranking
ZIMBABWEAN authorities should consider taking up critical measures to diminish the country risk rating, which has precluded the flow of new capital for investment. ...Published: 21 Dec 2010 at 20:34hrs | 1 | by Business Correspondent
Professor Ncube says Zimbabwe's debt is unpayable
ZIMBABWE’S US$10 billion debt is unpayable at the moment and the only way to go is through the debt forgiveness route, Minister of Industry and Trade Professor Welshman Ncube has s...Published: 28 Nov 2010 at 09:30hrs | | by Augustine Moyo and Darlington Musarurwa
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