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7 countries at risk of bankruptcy
About seven developing countries are currently in danger of facing bankruptcy or in need of a bailout due to piling debt which is slowly gearing towards a default level.Countries can file for ...Published: 09 Oct 2024 at 07:16hrs | 651 | by Staff reporter
Mnangagwa's second republic of corruption and controversy
PRESIDENT Emmerson Mnangagwa's second republic, which he proclaimed when he came into office in November 2017 following a coup that ended long-time ruler Robert Mugabe's nearly four-decade rule, has b...Published: 21 Jul 2024 at 20:59hrs | 942 | by Gary Gerald Mtombeni
Cyril Ramaphosa's 'plot' to kill the ANC
SOME senior ANC leaders have accused President Cyril Ramaphosa of working with external parties to collapse the governing party and replace it with a centre-right coalition led by him after the 2024 g...Published: 17 Jul 2024 at 09:09hrs | 1719 | by Staff reporter
POSB privatisation put on halt
THE planned partial privatisation of the People's Own Savings Bank (POSB) has been put on halt as the bank awaits further guidance on the project from the shareholder.Partial privatisation was...Published: 04 Apr 2024 at 06:14hrs | | by Staff reporter
Pravin Gordhan's sale of SAA for ZAR51 collapses
Minister of Public Enterprises Pravin Gordhan has announced the sale of South African Airways to Takatso consortium has been called off.Gordhan said he presented this to Cabinet on Wednesday....Published: 13 Mar 2024 at 16:51hrs | 12 | by Staff reporter
FlySafair, Cemair enter Zimbabwe market
THE Civil Aviation Authority of Zimbabwe (CAAZ) has approved applications from the South African low-cost carriers FlySafair and Cemair to start flying into Harare and Victoria Falls.The aviat...Published: 04 Aug 2023 at 06:42hrs | 5 | by Staff reporter
Busisiwe Mkhwebane merely annoyed agents of white monopoly capital
In my view, both Tina Joemat-Pettersson (may her soul repose peacefully) and Busisiwe Mkhwebane are victims of a system that lives off the subjugation of women, where women are treated very differentl...Published: 21 Jun 2023 at 17:18hrs | 1 | by Lindiwe Sisulu
Edd Branson pushes for Africa Municipal Bond Conference
Edd Branson, in his capacity as Chairman of the Afri-USA Business Initiative, has announced that the group will be holding an Africa Bond Conference, which is aimed at discussing innovative ways of fu...Published: 15 May 2023 at 07:55hrs | | by Nkululeko Nkomo
Zimbabwe keeps western diplomats away from Lukashenko
Zimbabwe broke with established protocol on Tuesday after western diplomats were not invited to a state banquet in honour of visiting Belarusian authoritarian Alexander Lukashenko, emphasizing tension...Published: 01 Feb 2023 at 19:43hrs | | by Staff reporter
'Zimbabwe turns to Zambia for power bailout'
ZIMBABWE is reportedly negotiating with neighbouring Zambia for additional power imports following indications that the country's Kariba Power Station could soon be switched off due to low water level...Published: 30 Nov 2022 at 05:07hrs | 1 | by Staff reporter
'Harare roads unsafe'
HARARE Metropolitan provincial secretary Tafadzwa Muguti has said the capital city's roads are no longer safe to drive on.Speaking during a tour of Satewave Technologies premises in Chisipite ...Published: 15 Nov 2022 at 04:53hrs | | by Staff reporter
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
Zifa 'witch-hunt' audit out tomorrow
THE ZIFA Extraordinary General Meeting is set to be held this Saturday at the PHD Complex in Harare following reports ZIFA will receive the official audit tomorrow. ZIFAThe EGM will accord the...Published: 26 Oct 2022 at 05:51hrs | 1 | by Staff reporter
Mnangagwa's son-in-law captures Trevor Ncube's media group
PRESIDENT Emmerson Mnangagwa's son in-law Gerald Mlotshwa - a prominent lawyer married to the ruling Zanu-PF leader's daughter Farai - has now formally bought a significant equity stake at the private...Published: 02 Oct 2022 at 09:19hrs | 4 | by Staff reporter
'Chamisa learnt nothing from lying about Trump in 2018,' says Jonathan Moyo
Exiled Zimbabwean cabinet Minister Jonathan Moyo has called out Citizens Coalition for Change leader, Nelson Chamisa over his recent remarks which advocated for the United Nations supervised 2023 elec...Published: 27 Sep 2022 at 08:11hrs | | by Staff reporter
Mnangagwa, credibility crisis has dogged your leadership
DEAR President Emmerson Mnangagwa,Your Excellency, it is my fervent conviction that your conferring the national hero status on Rev Ndabaningi Sithole was motivated primarily by ulterior motiv...Published: 17 Aug 2022 at 06:38hrs | 1 | by Cyprian M Ndawana
Treasury yet to disburse US$30m industry bailout
TREASURY is yet to disburse about US$30 million it promised to industry under the Special Drawing Rights (SDR) to boost capacity utilisation and save some firms from total collapse.This was re...Published: 23 Jul 2022 at 07:32hrs | 4 | by Staff reporter
Why is Zimbabwe starving?
LONG-STANDING financial troubles and drought in Zimbabwe have pushed millions to the brink of starvation.Government has declared a state of disaster as months of drought have exacerbated a nat...Published: 22 Jul 2022 at 06:43hrs | 8 | by Claire Felter
Ramaphosa's 'plot' to kill the ANC
SOME senior ANC leaders have accused President Cyril Ramaphosa of working with external parties to collapse the governing party and replace it with a centre-right coalition led by him after the 2024 g...Published: 30 Jun 2022 at 19:46hrs | 7 | by Staff reporter
Backlash over Chinese loans
ZIMBABWE'S debt-stricken administration last year struggled to access fresh loans to scale up ambitious plans to revamp key infrastructure projects after accumulating significant arrears on lifelines ...Published: 23 Jun 2022 at 06:47hrs | | by Staff reporter
Chiwenga announces PSMAS bailout
Struggling medical insurance company Premier Medical Aid Society (PSMAS) will receive a government bailout to clear its debts and improve its balance sheet, vice president Constantino Chiwenga said on...Published: 11 May 2022 at 09:18hrs | 2 | by Staff reporter
Zimbabwe govt desperate for Western bailout
Zimbabwe has taken its begging bowl to the international community as it desperately seeks financial sponsors to help pay off nearly US$2.5 billion in external arrears owed to the World Bank and the A...Published: 30 Apr 2022 at 16:25hrs | | by Staff reporter
Mthuli Ncube holds talks with investors on USD bond
Finance and Economic Development Minister Professor Mthuli Ncube last week held a productive meeting with international investors who are keen to participate in the Government's US$100 million bond th...Published: 25 Apr 2022 at 08:49hrs | | by Staff reporter
Trevor Ncube says was ‘wrong' to back Mnangagwa, renews Chamisa criticism
Alpha Media Holdings (AMH) owner Trevor Ncube has admitted he was "wrong" to assume President Emmerson Mnangagwa would govern better than Robert Mugabe.Ncube, one of Mnangagwa's biggest cheerl...Published: 30 Mar 2022 at 11:49hrs | | by Staff reporter
Govt courts banks for $2,1bn bailout
ZIMBABWE'S cash-strapped government has turned to banks for a $2,1 billion bailout to bankroll public expenditure programmes and bolster its weak cashflows.Under the programme, government will...Published: 24 Mar 2022 at 05:22hrs | 1 | by Staff reporter
EU snubbed Mnangagwa at Brussels summit
PRESIDENT Emmerson Mnangagwa was snubbed by top European Union diplomats at last week's EU-Africa Summit while regional counterparts secured critical meetings, pouring cold water on government claims ...Published: 26 Feb 2022 at 19:30hrs | | by Staff reporter
Zimbabwe pays US$44m of foreign debt
PRESIDENT Emmerson Mnangagwa's administration paid US$44,2 million to foreign creditors during the nine months to September, as part of its refreshed debt repayment plan, data showed at the weekend....Published: 29 Nov 2021 at 05:36hrs | 5 | by Staff reporter
US$4 billion mystery in Afreximbank, Zimbabwe deals
SHARP differences emerged between Zimbabwean authorities and the Africa Export–Import Bank (Afreximbank) on Friday over the value of loans extended by the regional lender to Harare.During a ...Published: 28 Nov 2021 at 08:02hrs | 4 | by Staff reporter
Mnangagwa's Glasgow trip a missed opportunity
PRESIDENT Emmerson Mnangagwa's visit to Glasgow, Scotland, was a missed opportunity for Zimbabwe to meaningfully engage world leaders on climate matters, but instead he reduced the all-important summi...Published: 06 Nov 2021 at 17:58hrs | 8 | by Staff reporter
Sanctions a divisive matter in Zimbabwe
AS Sadc mounted a fresh campaign to force the United States (US) and the European Union (EU) to lift two decades-long sanctions against Zimbabwe this week, a war of words erupted between opposition pa...Published: 31 Oct 2021 at 08:27hrs | | by Staff reporter
CZI pushes for tax reviews
THE Confederation of Zimbabwe Industries (CZI) says government must review policy free thresholds upwards and increase civil service salaries in the upcoming 2022 national budget to boost consumer spe...Published: 17 Oct 2021 at 09:09hrs | | by Staff reporter
Industry in fresh push for bailout
ZIMBABWE'S manufacturing sector has escalated its push for State-assisted bailout packages to stem a blazing crisis precipitated by the COVID–19 pandemic, a deteriorating foreign currency crisis and...Published: 15 Oct 2021 at 06:21hrs | | by Staff reporter
SDRs war chest to bolster reserves
THE nearly US$1 billion special drawing rights (SDRs), which Zimbabwe received from the International Monetary Fund (IMF), will bolster the country's foreign currency reserves and capacity to re...Published: 05 Oct 2021 at 06:28hrs | 6 | by Staff reporter
We are not abandoning Merry Chiwenga-Mubayiwa
To be a woman activist in Zimbabwe is totally different from being an activist in the comforts of Germany. I have come to terms with this fact. Women activism especially in our societies does not mean...Published: 12 Sep 2021 at 14:56hrs | 6 | by Nomazulu Thata
Zimbabwe makes first payment to Paris Club in 20 years
ZIMBABWE says it has made its first debt repayment to a group of creditor countries known as the "Paris Club" under a refreshed plan to clear up to US$10,7 billion owed to several multilateral funders...Published: 05 Sep 2021 at 07:06hrs | 4 | by Staff reporter
Zimbabwe blue chips shine in Africa
AT least five of Zimbabwe's biggest stock exchange-listed firms have made it to the list of Africa's best performing companies, defying storms stemming out of a two year old economic crisis, which was...Published: 03 Sep 2021 at 06:56hrs | 8 | by Staff reporter
Mnangagwa says Zimbabwe is sinking in Chinese debt
PRESIDENT Emmerson Mnangagwa admitted on Wednesday that Zimbabwe is choking under Chinese debt, but said the southern African country would continue looking up to the Asian giant for bailout because o...Published: 03 Sep 2021 at 06:55hrs | 5 | by Staff reporter
Bulawayo schools seek bailout from Govt
BULAWAYO schools have asked Government to bail them out as they are failing to pay more than $23 million they owe the Bulawayo City Council in water billls and one of the affected schools' water suppl...Published: 03 Sep 2021 at 06:46hrs | | by Staff reporter
Zimbabwe welcomes IMF financial package
Zimbabwe has received a decisive economic boost from the International Monetary Fund (IMF) after the institution availed 961 million United States Dollars in a Special Drawing Rights allocation....Published: 24 Aug 2021 at 18:19hrs | | by Staff reporter
Zimbabwe can now withdraw US$960 Million from the IMF
Zimbabwe can now withdraw its SDR677.4 million, which is equivalent to US$960 million, from the International Monetary Fund (IMF).IMF managing director Kristalina Georgieva said Monday the org...Published: 23 Aug 2021 at 20:19hrs | | by Staff Reporter
Masiyiwa toasts Zambia transition
Businessperson Strive Masiyiwa says the Zambia transition is "African class" and he will be watching new President Hakainde Hichilema's policies to decide on possible new investment in the country....Published: 20 Aug 2021 at 07:10hrs | | by Staff reporter
British spaceports under development
Two new British spaceports could be the catalyst to making Britain Europe's newest space superpower. If they can overcome planning challenges, the value to the UK's economy could be hard to measure....Published: 19 Aug 2021 at 20:37hrs | 5 | by Staff writer
After 15 years of trying, Hichilema poised to win Zambia polls
OPPOSITION leader Hakainde Hichilema looks set for victory in Zambia's presidential election, which the incumbent Edgar Lungu declared wasn't free and fair as vote-counting continues.With 62 o...Published: 15 Aug 2021 at 21:05hrs | | by Bloomberg
Chamisa has the mass' back
LAST week, former Zanu-PF national youth commissar Godfrey Tsenengamu was quoted by the media telling MDC Alliance leader Nelson Chamisa to join Political Actors Dialogue (Polad) or else suffer isolat...Published: 07 Aug 2021 at 07:10hrs | | by Pardon Makunike
Suffocating enablers of Zimbabwe's vision is the new plot
When the European Union and its big brother, the US, imposed sanctions on Zimbabwe, the central object as the then US Assistant Secretary of State for African Affairs, Chester Crocker put it, was to m...Published: 15 Jul 2021 at 09:15hrs | 12 | by Tafara Shumba
'G7 countries won't help Zimbabwe'
PRESIDENT Emmerson Mnangagwa yesterday said Zimbabwe should not expect any help from the Western countries that imposed sanctions on Harare.Speaking after sending off former Zanu-PF national c...Published: 08 Jul 2021 at 11:19hrs | 1 | by Staff reporter
Govt denies financial bailout to businesses
THE Finance Ministry yesterday denied social media rumours that it had partnered international financers to provide grants to businesses.According to reports doing rounds on social media, the ...Published: 01 Jul 2021 at 15:07hrs | | by Staff reporter
IMF rules out Zimbabwe bailout
Fund International Monetary Fund (IMF) on Wednesday said it would not move an inch from its position that Zimbabwe did not qualify for financial bailouts even after clearing its debts to the global le...Published: 18 Jun 2021 at 07:24hrs | | by Staff reporter
Cyril Ramaphosa's 'plot' to kill the ANC
SOME senior ANC leaders have accused President Cyril Ramaphosa of working with external parties to collapse the governing party and replace it with a centre-right coalition led by him after the 2024 g...Published: 07 May 2021 at 11:34hrs | 2 | by Piet Rampedi
Separated by a river, but worlds apart
Depending on one's propensity to follow the news, the world, at varying days of December of 2019 was introduced to the novel corona virus, a highly contagious and deadly virus preliminary reports at t...Published: 27 Apr 2021 at 14:40hrs | | by Sibusisiwe Tshuma
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