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PSMAS gets $4,25bn bailout
Another $4,25 billion has been provided by the Government to bail out Premier Service Medical Aid Society and get the country's largest society, and the one that is used by almost all State employees,...Published: 09 Nov 2022 at 05:04hrs | | by Staff reporter
Mnangagwa dares public enterprises
Parastatals and State-owned enterprises have been challenged not to be drains on the Treasury but to pay dividends and propel growth of the economy through meaningful contribution to the country's Gro...Published: 03 Mar 2022 at 05:37hrs | 1 | by Staff reporter
'Foreign aid will not bail out Zimbabwe'
UNITED States professor of economics Steve Hanke has said foreign aid will not bail out Zimbabwe from its current economic quagmire, adding the country's problems can be solved from within.Spe...Published: 21 Apr 2019 at 16:30hrs | | by Staff reporter
Chamisa has a direct line to Donald Trump
OPPOSITION MDC leader Nelson Chamisa has once again claimed, US President Donald Trump.In the run-up to last year's general elections Chamisa was called out after claiming he had been promised...Published: 10 Mar 2019 at 19:44hrs | 9 | by newzimbabwe
Zimbabwe bail-out package talks on course: SA envoy
There is progress towards Zimbabwe getting a financial bail-out package from South Africa.This was revealed by South Africa's top envoy to Zimbabwe Ambassador Mphakama Mbete when he paid a cou...Published: 30 Jan 2019 at 15:58hrs | | by Staff reporter
South Africa will help Zimbabwe
IN the wake of a week of unparalleled security force violence against civilians in Zimbabwe and signs of economic collapse, South Africa is working on throwing its northern neighbour a lifeline. ...Published: 25 Jan 2019 at 08:40hrs | 1 | by African News Agency
Malema pleads Zimbabwe's case for SA bailout
SOUTH African opposition Economic Freedom Fighters (EFF) leader has called on his government to bail-out stricken northern neighbour Zimbabwe.He was however, quick to slam the Harare governmen...Published: 24 Jan 2019 at 11:06hrs | | by newzimbabwe
Mnangagwa calls MPs to order
President Emmerson Mnangagwa has called on public servants, including legislators, to tighten their belts and stop making outrageous demands as the country goes through a lean restructuring spell....Published: 28 Dec 2018 at 21:57hrs | | by Staff reporter
Govt talks tough on Air Zimbabwe
GOVERNMENT says the time for parastatals such as Air Zimbabwe to be perennially carrying begging bowls seeking funds from Treasury when they have idle assets, is over.Deputy Minister of Transp...Published: 30 Sep 2018 at 07:23hrs | 8 | by Staff reporter
Harare Carnival a drain on the fiscus
Organisers of the Harare International Carnival (HIC), Zimbabwe Tourism Authority (ZTA), once more came to the defence of the event when the question relating to the event's purpose in relation to inv...Published: 16 Sep 2018 at 09:04hrs | | by Staff reporter
Zimbabwe to splash over $20 million on top-of-the range vehicles for MPs
Treasury is set to splash over $20 million on top-of-the range vehicles for Members of Parliament and Senators in the ninth Parliament.This is at a time when government is struggling to mobili...Published: 14 Sep 2018 at 16:07hrs | | by Staff reporter
'Mnangagwa could have achieved more in 100 days'
While everyone is agreed that it is impossible to measure President Emmerson Mnangagwa's achievements over a 100 days period and that his government could not do much in that short space of time to tu...Published: 24 Mar 2018 at 19:41hrs | 1 | by Staff reporter
Mnangagwa must enforce stringent austerity measures
During the inclusive government between long-time rivals - deposed president Robert Mugabe and opposition MDC leader Morgan Tsvangirai - a statement which goes; "We eat what we kill" became very commo...Published: 09 Feb 2018 at 13:41hrs | | by Staff reporter
Mnangagwa can be derailed by economic woes
In the wake of Operation Restore Legacy, the ranks of the young, educated and angry is swelling.The economic boom they anticipated when they marched on that historic November 18 Saturday has r...Published: 29 Jan 2018 at 09:58hrs | 12 | by Staff reporter
Mysterious donor rescues Tsvangirai, Mugabe paid for the chartered flight?
Mystery surrounds MDC president Morgan Tsvangirai's emergency trip to South Africa amid swirling speculation that President Robert Mugabe's government paid for his chartered medical ambulance....Published: 19 Sep 2017 at 06:58hrs | | by Staff reporter
Zimbabwe must now stand on its own, says Chinamasa
Finance minister, Patrick Chinamasa on Friday hinted that Zimbabwe had been abandoned by the international financial institutions on whom it had pinned its hopes for economic revival and was now l...Published: 25 Sep 2016 at 10:25hrs | | by Staff reporter
Zimbabwe tense as crisis deepens
The government's savage clampdown against dissenting voices got even heavier this weekend, with panicking authorities deploying tens of thousands of police and other law enforcement agents around ...Published: 18 Sep 2016 at 15:58hrs | | by Staff reporter
We're not about to fund Zimbabwe, says World Bank
The World Bank has denied media reports that it is about to resume lending to cash-strapped Zimbabwe.Widely-circulated reports this week suggested that the World Bank was working on a bail...Published: 10 Sep 2016 at 08:48hrs | | by Staff reporter
China, West trap Mugabe
PRESIDENT Robert Mugabe is a trapped man, having now presided over Zimbabwe's indebtedness to both friend and foe, an economist has said.University of Cape Town Business Graduate School lectur...Published: 01 Sep 2016 at 07:08hrs | | by Staff reporter
How can Britain justify propping up Mugabe?
First the price of mobile data went up drastically overnight. Then it emerged Zimbabwe's government is preparing a law to give its feared security forces new powers to intercept private communications...Published: 12 Aug 2016 at 16:35hrs | | by Ian Birrell
'Ex-UK minister met Chinamasa just before $1,1 billion bail-out plan'
FORMER United Kingdom Business minister Peter Mandelson met Finance minister Patrick Chinamasa in Harare five months ago where the Labour peer works sought to help the regime borrow $1,1 billion, ...Published: 08 Aug 2016 at 07:12hrs | | by The Telegraph
Forecast: Bank failure to hit Africa
AFRICA, through drastic banking sector overhauling initiatives may indeed recover all, including her debased economy and soon turn around her fortunes to become the world's fastest growing economy, al...Published: 04 Feb 2016 at 18:50hrs | | by Maxwell Teedzai - Southern Africa Political Analyst
Mugabe's hollow State of the Nation Address
Even as he was dying, Dr. Hastings Kamuzu Banda, one of Africa's worst dictators, affectionately known as the Ngwazi mostly by those who benefitted from his decades of political madness, believed he w...Published: 27 Aug 2015 at 11:23hrs | | by Moses Chamboko
'Mugabe China trip a success'
PRESIDENT Robert Mugabe returns from China today after a week in the Asian nation on a state visit to scrounge for a bail-out to save Zimbabwe's faltering economy from total collapse.After bea...Published: 31 Aug 2014 at 16:46hrs | | by Staff reporter
Zimbabwe asks France to help mend rift with Britain
Zimbabwe has asked France to help the troubled southern African nation mend relations with former colonial ruler Britain.Christopher Mutsvangwa, Zimbabwe's deputy Foreign Affairs minister, ask...Published: 24 Mar 2014 at 17:25hrs | | by Staff reporter
Govt pledges support for ailing Bulawayo industries
Industry and Commerce minister Mike Bimha said government has pledged support for the ailing Bulawayo industries reeling from massive de-industrialisation for the past decade.Bimha said: "Gove...Published: 08 Jan 2014 at 10:36hrs | | by Staff Reporter
Merlin seeks $3 million capital injection
Closed Bulawayo based textile firm, Merlin, requires a minimum capital injection of $1,2 million to survive insolvency, the company's judicial manager has said.The firm was placed under provis...Published: 11 Dec 2013 at 11:03hrs | | by Staff reporter
Delma Lupepe lashes at Harare Banks
PROMINENT Bulawayo businessman Delma Lupepe says he is not broke, but blames the government policy inconsistencies and unrealistic interest rates charged by financial institutions for the demise of mo...Published: 30 Oct 2013 at 09:13hrs | 3 | by Staff reporter
SA to bail-out Bulawayo companies
SOUTH Africa has identified five companies from various sectors in Zimbabwe that are under stress for a pilot bail-out programme after the neighbouring country took a decision to assist them through ...Published: 20 Oct 2013 at 03:08hrs | | by Staff Reporter
Mugabe's govt splashes $6 million on cars
President Robert Mugabe's administration is buying 100 new fuel-guzzler vehicles from high-flying auto dealers in Harare for over $6 million at a time millions are facing starvation.The Ford...Published: 17 Oct 2013 at 08:17hrs | | by Staff reporter
Russian fixer handed rich platinum concession in Zimbabwe
MOSCOW - A Russian fixer handed an "exclusive licence" to develop the Darwendale platinum deposits in 2006 has said he is ready to bail-out and sell his shares on the open market if the multi-mi...Published: 04 Jun 2013 at 05:26hrs | | by Staff reporter
Monetary statement:- A tale of two strange bedfellows
I was flattered when followers of my writings suggested that the latest monetary statement issued by the Reserve Bank of Zimbabwe bore a striking resemblance to my last instalment in this column of th...Published: 05 Aug 2012 at 14:27hrs | | by Givens Hapadziwi
East African Community monetary union negotiating team embarks on study tour of EU
ARUSHA, Tanzania - A 20-member delegation from the East African Community, will, Friday 13 January 2012 depart for Brussels, Luxembourg, Frankfurt and Berlin on a 12-day study tour of the Europe...Published: 11 Jan 2012 at 07:03hrs | | by APO | EAC
Top Cosatu official arrested in Swaziland demonstration
Manzini - Swazi police fired teargas and rubber bullets to break up a pro-democracy march on Wednesday, arresting a top South African union leader who was going to address the crowd, a protest organis...Published: 07 Sep 2011 at 14:21hrs | | by AFP
UK's David Cameron wins fight to limit aid UK will give Greece
The UK PM, David Cameron has won his battle to limit the amount of money the UK will have to contribute towards a second financial bail-out for Greece, BBC News reported on Thursday.The curren...Published: 23 Jun 2011 at 23:41hrs | | by Matthews Estell
Greece slips closer to the edge
Recent comments from German officials apparently accepting that Greece may eventually need to restructure its debts have rattled the markets and appear to dash any hopes that the Portuguese bail-out w...Published: 15 Apr 2011 at 12:49hrs | | by Ben May
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