BUSINESS NEWS

No Treasury bailout for small Zimbabwe city

Finance Minister, Mthuli Ncube, this week revealed that there would be no rescue package for the City of Kwekwe to avert a water crisis in the short term due to serious complexities.But the failure to...

By Staff reporter | Published: 05 October 2019
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FINANCIAL SERVICES

RBZ turns to domestic resource mobilisation in the absence of international bailout

In the absence of an international bailout package, the Reserve Bank of Zimbabwe has presented a monetary policy statement strongly focused on domestic resource mobilisation aimed at reviving the prod...

By Staff reporter | Published: 23 September 2019
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POLITICS

Mnangagwa banks on Chinese bailout

Harare City Council says it is yet to receive the remainder of a loan to upgrade its water infrastructure from a Chinese bank, seven years after the deal was struck.Mayor Herbert Gomba said contrary t...

By Staff reporter | Published: 30 September 2018
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INDUSTRIALS & ENERGY

Zamco pledges Merlin bailout

THE Zimbabwe Asset Management Corporation (Zamco) is in talks with Merlin Limited shareholders over a possible bailout that will assist the company to acquire new equipment to operationalise its new b...

By Staff reporter | Published: 20 June 2018
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BUSINESS NEWS

Zim banks reject EU financial bailout

ZIMBABWEAN banks have since last year been rejecting access to credit facilities from European banks for on-lending to productive sectors, citing the possibility of failure to repay the loans because ...

By Staff reporter | Published: 23 January 2018
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FINANCIAL SERVICES

Zimbabwe banks reject EU financial bailout

Zimbabwean banks have since last year been rejecting access to credit facilities from European banks for on-lending to productive sectors, citing the possibility of failure to repay the loans because ...

By Staff reporter | Published: 19 January 2018
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BUSINESS NEWS

Forex bailout for Bulawayo firms

THE ministry of Industry and Commerce is making efforts aimed at prioritising the allocation of foreign currency to Bulawayo companies, so that they can import raw materials for their survival, an off...

By Staff reporter | Published: 01 September 2017
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ZIMBABWE

Zimbabwe seeks $10bn bailout from China

ZIMBABWE is seeking $10 billion bailout from China to kick start the economy which is comatose following the re-election of President Robert Mugabe in July 31.The country, whose economy is stagnant, d...

By Staff reporter | Published: 18 November 2013
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