TRANSPORT & TOURISM

Unifreight slams brakes on foreign borrowings

TRANSPORT and Logistics concern, Unifreight Africa Limited's chairman Peter Annesley says the company is going to limit foreign borrowings to minimise offshore liabilities in light of the exchange rat...

By Staff reporter | Published: 04 October 2019
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OPINION

Mnangagwa borrowing bad law from Apartheid South Africa's statutes

Recently, the government of Zimbabwe, through the Minister of Home Affairs, introduced the Maintenance of Peace and Order Bill to Parliament (MOPA). This Bill, that will replace the reviled Public Ord...

By Douglas Togaraseyi Mwonzora | Published: 12 June 2019
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BUSINESS NEWS

BCC approves request for borrowing powers

THE Bulawayo City Council (BCC) has approved a request by its finance and development committee to seek $174 million borrowing powers from the Local Government ministry to undertake various capital pr...

By Staff reporter | Published: 22 July 2018
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BUSINESS NEWS

Govt borrowing surges 60% to $6,2 billion

ZIMBABWE'S domestic credit grew 38,5% on an annual basis to $10,5 billion in February largely driven by an increase in lending to government, a Treasury report says.During the period under review, cre...

By Staff reporter | Published: 06 July 2018
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INDUSTRIALS & ENERGY

Borrowings plague Nampak

Zimbabwe Stock Exchange listed packaging company Nampak Zimbabwe (Nampak) remains troubled by a $9,3 million short-term borrowings relating to a facility owed to parent Nampak International Holdings.A...

By Staff reporter | Published: 25 May 2018
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BUSINESS NEWS

Govt crafts measures to curtail unauthorized borrowing

Government has crafted measures to curtail unauthorized borrowing and spending chief among them Treasury directives that state entities "strictly" adhere to provisions of the Public Debt Management Ac...

By Staff reporter | Published: 23 February 2018
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FINANCIAL SERVICES

Excessive borrowing destabilises banking sector

Government excessive borrowing on the local banking sector is weakening the overall financial services market, with continued issuance of Treasury Bonds and overdrafts at the Central Bank escalating t...

By Staff reporter | Published: 09 February 2018
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BUSINESS NEWS

Government puts a cap on borrowing

Government is working on legislation that will facilitate the setting up of a debt management office to monitor the country's debt and minimize frivolous borrowing in state enterprises and local counc...

By Staff reporter | Published: 04 July 2014
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BUSINESS NEWS

Zimbabwe gets tough on borrowings

TREASURY will have the final signature on external loan contraction by parastatals and local authorities as part of far- reaching reforms to curb the recurrence of borrowings not meant for key project...

By Staff reporter | Published: 04 July 2014
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ZIMBABWE

AfrExim Bank to increase Zimbabwe's borrowing limit

The Africa Export and Import Bank (AfrExim Bank) plans to increase Zimbabwe's borrowing limit to $800 million for the benefit of the productive sectors.The proposed upward adjustment of Zimbabwe's bor...

By Business reporter | Published: 17 July 2013
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