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IMF withholds Zimbabwe reform programme
The International Monetary Fund (IMF) has signalled that Zimbabwe's much-anticipated Staff Monitored Programme (SMP) - a critical step in the country's economic reform and debt resolution strategy - w...Published: 20 Jun 2025 at 07:39hrs | 2205 | by Staff reporter
Zimbabwe rebuilds correspondent banking ties
The Bankers Association of Zimbabwe (BAZ) has confirmed that some regional and niche international financial institutions have begun cautiously re-engaging with Zimbabwean banks, following the lifting...Published: 19 Jun 2025 at 07:10hrs | 153 | by Staff reporter
Mnangagwa meets IMF delegation amid worsening economic crisis
President Emmerson Mnangagwa yesterday held a high-level meeting with an International Monetary Fund (IMF) delegation currently in Zimbabwe for an Article IV Consultation, as the country grapples with...Published: 10 Jun 2025 at 10:10hrs | 978 | by Staff reporter
10 rich countries non-committal on Zimbabwe's $2.6b bridge financing appeal
Zimbabwe is yet to secure any firm pledges of financial support from the 10 countries it appealed to in its ongoing bid to settle long-standing debt arrears.The southern African nation is burd...Published: 02 Jun 2025 at 12:47hrs | 889 | by Staff reporter
IMF team set to arrive in Zimbabwe
Zimbabwe is poised to take a crucial step towards restoring its economic credibility and unlocking foreign investment, with an International Monetary Fund (IMF) delegation expected this week to finali...Published: 01 Jun 2025 at 14:25hrs | 277 | by Staff reporter
Zimbabwe's economic reforms gain momentum with IMF deal
Finance, Economic Development and Investment Promotion Minister, Professor Mthuli Ncube, has announced that Zimbabwe expects to secure a Staff Level Agreement (SLA) with the International Monetary Fun...Published: 28 May 2025 at 10:38hrs | 99 | by Staff reporter
Zimbabwe targets 2030 to clear US$21 billion debt
Zimbabwe has set an ambitious 2030 deadline to clear its ballooning US$21 billion public debt, in a bid to create the foundations for a stable mono-currency regime anchored by the Zimbabwe Gold (ZiG) ...Published: 19 May 2025 at 09:21hrs | 126 | by Staff reporter
Zimbabwe white former farmers start receiving compensation
The Government of Zimbabwe has begun compensating white former commercial farmers whose land was repossessed during the Land Reform Programme, marking a pivotal step in the country's efforts to resolv...Published: 10 Apr 2025 at 09:01hrs | 91 | by Staff reporter
Shunned by the West, Zimbabwe's UAE gamble hands economy a lifeline
Zimbabwean President Emmerson Mnangagwa's six years of wooing the United Arab Emirates has given a lifeline to a nation that the West has ostracised for a quarter century and is unable to repay its lo...Published: 06 Feb 2025 at 09:12hrs | 1321 | by Staff reporter
Zimbabwe charts ambitious return to global finance at debt conference
Zimbabwe's president hosted creditors and finance executives on Monday to discuss ambitious goals to clear debt arrears and restructure $12.7 billion in external debt, as the country aims to eventuall...Published: 26 Nov 2024 at 08:22hrs | 214 | by Staff reporter
Zimbabwe under pressure over debt clearance
Zimbabwe is facing increasing pressure to implement the key reforms demanded as part of the ongoing arrears clearance and debt resolution process. With international mediators aiming to conclude the p...Published: 26 Nov 2024 at 08:12hrs | 124 | by Staff reporter
Zimbabwe demands major reductions on $19.2bn debt
Zimbabwe has asked its creditors for significant debt reductions on its $19.2 billion internal and external debt, Bloomberg reported on May 30, citing Finance Minister Mthuli Ncube."We will be...Published: 03 Jun 2024 at 09:07hrs | | by Staff reporter
Chissano meets Mnangagwa over debt clearance program
Former President of Mozambique, Joaquim Chissano, paid a visit to President Emmerson Mnangagwa on Monday to address political and socio-economic concerns affecting Zimbabwe. Chissano, who serv...Published: 09 Apr 2024 at 06:25hrs | 1 | by Staff reporter
Zimbabwe campaign for foreign direct investment intensifies
IN a strategic move meant to bolster the country's economic landscape, the Minister of Finance, Economic Development and Investment Promotion, Professor Mthuli Ncube, is set to spearhead a series of F...Published: 07 Apr 2024 at 10:05hrs | | by Staff reporter
EU shuts door on Zimbabwe financing
EUROPEAN Union (EU) ambassador to Zimbabwe, Jobst von Kirchmann, says the bloc will not lend to the southern African country owing to arrears even if sanctions are lifted.The EU ambassador sai...Published: 29 Feb 2024 at 05:02hrs | 8 | by Staff reporter
Zimbabweans sink deeper into poverty
Zimbabweans are having to digging deeper into their pockets to buy basic commodities as the cost of living continues to rise with the food poverty line reaching ZWL$155 360,39 for a single perso...Published: 30 Jan 2024 at 07:47hrs | 7 | by Staff reporter
Mthuli Ncube says development to continue in Cowdray Park
ZANU-PF candidate for Bulawayo's Cowdray Park, Professor Mthuli Ncube, has paid tribute to the electorate in the constituency for coming out in large numbers to vote in Wednesday's harmonised election...Published: 25 Aug 2023 at 06:27hrs | 1 | by Staff reporter
Mr President, stop being blind to the obvious things
GOOD day President Emmerson Mnangagwa. Your Excellency, ancient wisdom has it that a guest sees in a minute what the host will have been blind to for a lifetime. Oftentimes, successive generations stu...Published: 02 Aug 2023 at 06:50hrs | 13 | by Cyprian M Ndawana
U.S. sanctions take center stage in Zimbabwe elections
When Robert Mugabe, Zimbabwe's long-time despot, lost power in a 2017 military coup, many Zimbabweans took to the streets, celebrating what they hoped would be the beginning of a new chapter.M...Published: 27 Jul 2023 at 06:30hrs | 2 | by Staff reporter
Zanu-PF must walk the talk on violence or be held accountable
PRESIDENT Emmerson Mnangagwa has been calling for a peaceful election campaign this year, but his party Zanu-PF has been called out several times by human rights monitors and election support groups a...Published: 20 Jul 2023 at 06:54hrs | 3 | by Staff reporter
Why Mnangagwa blocked Mthuli Ncube's export tax
PRESIDENT Emmerson Mnangagwa recently blocked Finance minister Mthuli Ncube's 10% tax on mining exports to pay arrears on the country's debt overhang - which makes it difficult for the government to b...Published: 02 Jul 2023 at 17:27hrs | 22 | by Staff reporter
Economic sanctions continue to place Zimbabwe further into unsustainable debt
Finance minister Enoch Godongwana says the government supports Zimbabwe's implementation of key reforms to resolve its debt problems and end 21 years of sanction.If successful, such moves can ...Published: 26 May 2023 at 16:26hrs | 1 | by Staff reporter
Zimbabwe commits to resolve debt, arrears
PRESIDENT Mnangagwa yesterday committed to resolve Zimbabwe's long overdue debt arrears, and re-engaging with development partners and creditors to reposition the economy for sustained growth anchored...Published: 25 May 2023 at 06:23hrs | 9 | by Staff reporter
'Re-engagement will depend on holding credible 2023 elections' AfDB warns. At long last, some home-truths
"The African Development Bank has moved to fast-track Zimbabwe's $3.5 billion compensation to white farmers whose land was seized under former president Robert Mugabe's reforms. The bank is leading ef...Published: 22 May 2023 at 21:59hrs | 1 | by Wilbert Mukori
Zimbabwe debt clearance tied to farmers' compensation and credible polls
THE African Development Bank has moved to fast-track Zimbabwe's $3.5 billion compensation to white farmers whose land was seized under former president Robert Mugabe's reforms. The bank is leading eff...Published: 22 May 2023 at 06:40hrs | 2 | by Zeenat Hansrod
'Zimbabwe debt resolution will open funding floodgates'
THE successful conclusion of discussions on Zimbabwe's arrears clearance and debt resolution will lay a firm foundation for the lifting of economic sanctions and help to unlock fresh and affordable ex...Published: 21 May 2023 at 08:02hrs | 3 | by Staff reporter
AfDB to assist Zimbabwe govt compensate white farmers
THE African Development Bank (AfDB) says it is working on a financial instrument to fund the US$3,5 billion needed to compensate white former commercial farmers.AfDB is working with the Minist...Published: 16 May 2023 at 05:10hrs | | by Staff reporter
African Devt Bank proposes ‘fast track' compensation for Zimbabwe white ex-farmers
The African Development Bank (AFDB) has developed financial instruments to "fast track and front load" $3.5 billion in compensation to white farmers whose land was taken from them by Zimbabwe's govern...Published: 15 May 2023 at 19:05hrs | | by Staff reporter
US tightens screws on Zimbabwe
A representative of the United States government has indicated that President Emmerson Mnangagwa's administration should satisfy sanctions conditions in full for Washington to approve its arrears clea...Published: 04 Mar 2023 at 10:22hrs | 3 | by Staff reporter
US envoy jets into Zimbabwe to interfere with polls preparations?
UNITED States senior official Robert Scott yesterday jetted into the country for a two-day visit aimed at holding talks with stakeholders and ensuring free and fair elections.Zimbabwe is expec...Published: 02 Mar 2023 at 20:16hrs | 8 | by Staff reporter
EU begs to deploy observers to Zimbabwe
THE European Union (EU) says it is ready to send an observer mission to help Zimbabwe hold free, fair and inclusive elections this year, which will guarantee the bloc's increased economic development ...Published: 01 Mar 2023 at 07:06hrs | 1 | by Staff reporter
Mnangagwa says Zimbabwe govt committed to tackle debt arrears
Zimbabwe President Emmerson Mnangagwa on Thursday said his administration is committed to clearing external debt arrears which have prevented the country from accessing fresh capital from global finan...Published: 24 Feb 2023 at 07:43hrs | 1 | by Staff reporter
AfDB president expected in Zimbabwe
African Development Bank (AfDB) president Dr Akinumwi Adesina, the chief facilitator for Zimbabwe's arrears clearance and debt resolution process is expected in the country tomorrow to attend the seco...Published: 21 Feb 2023 at 05:49hrs | | by Staff reporter
Fresh moves to promote use of Zimdollars
GOVERNMENT will enhance tax collections in local currency and maintain interest rates at par with inflation to promote the use of the Zimbabwe dollar in local transactions, Treasury has said.A...Published: 12 Feb 2023 at 07:35hrs | 1 | by Staff reporter
Lenders slap Zimbabwe with US$2,1 billion penalties
INTERNATIONAL creditors and banks have hit Zimbabwe with penalties totalling US$2,1 billion for unsettled debts, official data has shown.According to a report titled "Statement of Zimbab...Published: 18 Dec 2022 at 06:50hrs | | by Staff reporter
Debt financing to fund 2023 budget
Finance minister Mthuli Ncube says debt financing will be used to fund the $4,5 trillion 2023 national budget, raising concerns about money supply growth.Treasury expects $3,9 trillion in reve...Published: 04 Dec 2022 at 08:11hrs | 1 | by Staff reporter
Zimbabwe govt pays US$50,28m to service external debt
TREASURY paid out US$50,28 million between January and September this year towards servicing its active debt portfolio while token payments were also made for debt arrears owed to International Financ...Published: 29 Nov 2022 at 05:15hrs | | 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 to host high-level forum on debt resolution
The Zimbabwean government said Thursday it will soon host a high-level debt resolution forum with development partners and other stakeholders aimed at building consensus among stakeholders on resolvin...Published: 29 Jul 2022 at 06:56hrs | | by Staff reporter
Zimbabweans have suffered long enough, says African Development Bank boss
THE African Development Bank (AfDB) says it has accepted to assist Zimbabwe's US$13,5 billion debt clearance plan partly because of the need to alleviate the country's citizens from the impact of extr...Published: 13 Jul 2022 at 07:26hrs | | by Staff reporter
AfDB to lead Zimbabwe debt clearance roadmap
AFRICAN Development Bank (AfDB) president Dr Akinwumi Adesina has formally accepted President Mnangagwa's request to lead Zimbabwe's debt clearance strategy, which is key for Harare to unlock fresh fu...Published: 13 Jul 2022 at 07:17hrs | 12 | by Staff reporter
African Development Bank Group Chief in Zimbabwe to get Debt Clearance Plan Underway
HARARE - African Development Bank Group President Dr. Akinwumi Adesina arrived in Zimbabwe at the start of a two-day official visit to the country.Adesina accepted a request in February by the...Published: 12 Jul 2022 at 14:15hrs | 15 | by APO
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 | 10 | by Staff reporter
Zimdollar, US dollar use to stay
FINANCE and Economic Development Minister, Professor Mthuli Ncube, has encouraged Zimbabweans to use both the Zimbabwe dollar and United States dollar as the country transitions towards adoption of a ...Published: 22 May 2022 at 08:27hrs | | by Staff reporter
Zimdollar, US dollar use to stay
FINANCE and Economic Development Minister, Professor Mthuli Ncube, has encouraged Zimbabweans to use both the Zimbabwe dollar and United States dollar as the country transitions towards adoption of a ...Published: 15 May 2022 at 06:12hrs | 1 | 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 | 4 | by Staff reporter
Zimbabwe committed to clear debt arrears
The government is committed to clear its debt arrears with international financial institutions (IFIs) to unlock fresh capital, the Reserve Bank of Zimbabwe (RBZ) governor, John Mangudya (pictured) sa...Published: 08 Apr 2022 at 09:16hrs | | by Staff reporter
Unpacking ZIDERA, atrocities of sanctions
It is without doubt that sanctions are a crime against humanity, an unfair treatment of race against race, nation against nation, the strong against the presumably weak, all with the intention to crea...Published: 26 Oct 2021 at 06:38hrs | 11 | by Takasununguka Ziki
Zimbabwe makes token payments to clear foreign debt
ZIMBABWE has started making token payments to service the country's foreign debt with the Treasury channelling about US$17 million in the first quarter of 2021 towards clearing the arrears owed to dif...Published: 30 Jul 2021 at 07:26hrs | 9 | by Staff reporter
Zimbabwe won't get international Covid-19 rescue package
ZIMBABWE will not receive a dime from a multi-billion-dollar facility organised by international financial institutions which seeks to help countries of the global South in dealing with the socio-econ...Published: 19 Jun 2021 at 15:03hrs | 3 | by Staff reporter
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