Zimbabwe is pursuing a multi-faceted approach to address its US$21 billion debt obligations, with the government considering leveraging the country's abundant natural resources as part of the solution...
By Staff reporter | Published: 14 July 2025
Zimbabwe, locked out of international capital markets since defaulting in 1999, expects its stronger economy to help it pay back external creditors, without saying when this would begin.Finance Minist...
By Staff reporter | Published: 09 July 2025
The Ministry of Finance, Economic Development and Investment Promotion says it is intensifying efforts to settle mounting debts owed to state-owned enterprises (SOEs), including telecoms giant TelOne ...
By Staff reporter | Published: 06 July 2025
Retail giant OK Zimbabwe Limited has announced plans to allocate more than half of the proceeds from its planned US$30.5 million capital raise - through a rights issue and property disposals - toward ...
By Staff reporter | Published: 30 June 2025
Zimbabwe has asked South Africa to help garner support for its debt to be revamped under the Group of 20's Common Framework, a step that could restore its access to international capital markets for t...
By Staff reporter | Published: 19 June 2025
PPC Zimbabwe has once again demonstrated its financial resilience and operational discipline, closing the financial year ending March 31, 2025, with a debt-free balance sheet and unrestricted cash hol...
By Staff reporter | Published: 11 June 2025
Zimbabwe's seed industry is teetering on the edge of collapse as the government grapples with ballooning debt, having failed to pay seed suppliers nearly US$270 million over the past three farming sea...
By Staff reporter | Published: 22 May 2025
Finance and Investment Promotion Deputy Minister David Mnangagwa has come under fire in Parliament after it emerged that the Government owes Valley Seeds Private Limited nearly US$200 million for agri...
By Staff reporter | Published: 19 May 2025
Gweru residents have petitioned the local authority to postpone a planned revenue collection blitz - which includes water disconnections and possible property attachments - fro...
By Staff reporter | Published: 19 May 2025
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) ...
By Staff reporter | Published: 19 May 2025
Renco Mine, a subsidiary of Zimbabwe Stock Exchange-listed miner RioZim Limited, is facing a looming power disconnection due to an outstanding US$4.7 million debt owed to the Zimbabwe Electricity Tran...
By Staff reporter | Published: 09 May 2025
The African Development Bank said Zimbabwe has proposed seeking $2.6 billion in bridge finance to help it clear arrears owed to international financial institutions as it attempts to break a debt impa...
By Staff reporter | Published: 24 April 2025
A state-owned Zimbabwean mining firm is trying to protect assets that risk being seized because the country failed to honour a US$93 million debt incurred when it lost an international arbitration cas...
By Staff reporter | Published: 14 April 2025
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...
By Staff reporter | Published: 02 June 2022
State-owned Air Zimbabwe's only serviceable plane was stopped from leaving Johannesburg last week after failing to pay for airport services.South Africa has reinstated permission for Zimbabwe's natio...
By AFP | Published: 29 October 2019
The British Council Zimbabwe has been summoned to the High Court for failing to settle a US$11 000 debt they owe a construction company for refurbishing their Belgravia offices. Africa Refractory Indu...
By Staff reporter | Published: 07 October 2019
ZESA Holdings has embarked on a nationwide blitz on defaulters and is blacklisting them so that they cannot open new accounts using different addresses. In an interview, ZESA spokesperson Mr Fullard G...
By Staff reporter | Published: 05 October 2019
GOVERNMENT is guesstimating the real domestic debt figure despite announcing that it settled a significant portion of it last week as chaos continues to characterise official communication on the stat...
By Staff reporter | Published: 12 July 2019
Zimbabwe together with World Bank has completed a report to ascertain the level of the country's domestic debt for it to clear its long standing arrears, while in the same vein engaging potential fina...
By Staff reporter | Published: 10 July 2019
State owned fixed telecommunications giant TelOne says unpaid Government debts amounting to $93 million, 62 percent of total debt, are largely the reason it has struggled to meet obligations to critic...
By Staff reporter | Published: 05 July 2019
The Civil Aviation Authority of Zimbabwe is saddled with a $400 million debt emanating from overdue foreign and domestic obligations. This was said by Auditor-General Mildred Chiri in her annual repor...
By Staff reporter | Published: 01 July 2019
Government may not take over the debts of State-owned entities such as Air Zimbabwe and Zisco, touted as critical to make them more attractive to investors, after Finance and Economic Development Mini...
By Staff reporter | Published: 27 June 2019
INFORMATION ministry deputy minister, Energy Mutodi's struggling company National Housing Development Trust (NHDT), risks having its bank accounts garnished after failing to settle a RTGS$40 000 debt ...
By Staff reporter | Published: 13 June 2019
GOVERNMENT has, in the first two months of the year, only managed to pay $195 million, or 2%, towards the country's domestic debt which is currently hovering around $9,5 billion, Finance and Economic ...
By Staff reporter | Published: 30 April 2019
Tetrad Investment Bank, which is under provisional judicial management, has petitioned the High Court seeking the incarceration of Kadoma gold miner, Jameson Rushwaya over a $174 000 debt.Through its ...
By Staff reporter | Published: 06 February 2019
Concern over Masvingo black market 
Kenya declares three days of mourning for Mugabe 
UK's Boris Johnson quits over Brexit stretegy 
SecZim licences VFEX 
Zimbabwe abandons debt relief initiative 
European Investment Bank warms up to Zimbabwe 
Young Investment Professional (YIP) Graduate Programme 2019 
Young Investment Professional (YIP) Graduate Programme 2019
