Archive | 2016

TelOne reels under US$378m debts

HEADS could roll at the state-owned fixed line operator TelOne over the company’s US$378 million negative legacy loans, accusations of mismanagement and inflated cost structure amid indications that managing director […]

Economy set to get worse

EVEN if Zimbabwe has already cleared arrears with the International Monetary Fund (IMF)’s Poverty Reduction and Growth Trust after paying US$108 million on October 20 using its Special Drawing Rights […]

Govt mortgages gold to pay loan

ZIMBABWE has mortgaged its gold reserves and production to guarantee a syndicated long-term loan arranged by the African Export and Import Bank (Afreximbank) and American financial institution Lazard Ltd to […]

Zanu PF demands parastatal reforms

Pressure is mounting on government to stem the bleeding at state enterprises amid indications the ruling Zanu PF has piled pressure on responsible authorities to implement the Public Entities Corporate […]

2016 economic highlights

THE Zimbabwean economy was under stress throughout 2016 on account of a tight liquidity crunch coupled with a myriad of macro-economic challenges, which culminated in low domestic production across various […]

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