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Monday, August 19, 2019
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Banks that gave Moza covert loans propose restructuring

  NEW YORK - Banks that arranged bil­lions of dollars of loans to government companies in Mozambique have pro­posed to restructure some of the now-defaulted...

Why African airlines can’t compete

LAST year nearly 3,7 billion passengers took to the sky on commercial jets. Few would have giv­en much thought to exactly why their flight...

Mutare Bottling feels the heat of forex shortage

KENNETH MATIMAIRE MUTARE Bottling Company (MBC) operations have not been spared by the foreign cur­rency shortages which have intensified during the past few weeks,...

IMF warns Zim on debt trap

  BERNARD MPOFU The International Monetary Fund has warned gov­ernment that it could sink into a vicious debt trap as govern­ment’s stock of commercial loans...

Afreximbank avails $80mln fertiliser letters of credit

LIVINGSTONE MARUFU The African Export Import Bank (Afreximbank) has availed $80 million letters of credit to support the country’s importation of fertiliser for the...

Zim seeks World Bank grace period

BERNARD MPOFU Finance and Economic Development minister Mthuli Ncube is renegotiating repayment terms of the Lima arrears and debt settlement strategy amid revelations Zimbabwe...

Is it déjà vu for Zim economy?

BERNARD MPOFU Jean-Baptiste Alponse Karr’s popular epigram—the more things change, the more they remain the same—seems to be gaining currency as Zimbabwe slides into a...

Zim inflation rate skyrockets

TAURAI MANGUDHLA Zimbabwe’s inflation rate is seen reaching record levels in October after massive price increases on basics and major consumer goods of as much...

Pushing the cow off the cliff : Making sense of Zimbabwe’s economic turbulence

STEMBILE MPOFU The presentation of the monetary policy and fiscal policy contained in the October 2018 – December 2020 Transitional Stabilisation Programme (TSP) set Zimbabwe...

King Dollar reigns, that is why KFC closed shop

THINK ON IT by CHRIS CHENGA Peak uncertainty is when commentators struggle to write enduring analyses of government policy. Before the ink dries on whatever...