Government debts weigh on TelOne

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


Zifa engages creditors to clear debts

Zifa will start engaging its creditors this week to come up with a payment plan as the new leadership led by Felton Kamambo begins efforts to turn around the fortunes of the association.The associatio...

By Staff reporter | Published: 20 December 2018


Zamco absorbs $1billion bad debts, disbanded

GOVERNMENT will stop further acquisitions on non-performing loans through its special purpose vehicle - the Zimbabwe Asset Management Company (ZAMCO). The entity, which was established in 2015 with a ...

By Staff reporter | Published: 26 November 2018


Debts push Metallon Corporation to the brink

PROPERTY belonging to Zimbabwe's largest gold producer, Metallon Corporation, will be auctioned by the High Court to recover an estimated US$30 million owed to various creditors and workers, as the mi...

By Staff reporter | Published: 07 September 2018


Ignore ZINWA debts, says Chiwenga

Villagers from Silalatshani under Chief Sibasa in Insiza are free to continue farming without worrying about Zimbabwe National Water Authority debts which were carried over from the bearer's cheque er...

By Staff reporter | Published: 13 July 2018


Council scraps interest on debts

THE Bulawayo City Council (BCC) has scrapped interest on ratepayers who make a payment plan to clear their arrears amid reports the local authority is owed more than $169 million by ratepayers.Latest ...

By Staff reporter | Published: 09 January 2018


Chamber of Industries seek moratorium on debts

THE Matabeleland Chamber of Industries (MCI) has proposed a 12-month moratorium on statutory debts by existing companies to provide a good starting point for industrial growth under the Special Econom...

By Staff reporter | Published: 05 September 2017


Govt to take over NRZ, CAAZ debts

THE Government plans to assume debts owed by the National Railways of Zimbabwe (NRZ) and the Civil Aviation Authority (CAAZ) to improve their attractiveness to potential investors, a Cabinet Minister...

By Staff reporter | Published: 21 July 2017


PSMAS faces closure over debts

ALL public sector workers - including teachers, nurses, police officers and soldiers - may go without medical aid as the government has yet to renew the operating licence for Premier Service Medical A...

By Staff reporter | Published: 22 January 2014


TelOne recovers $90m debts

Zimbabwe's sole landline network operator, TelOne, says it collected $90 million out of a targeted $300 million last year under its debt recovery programme.Prior and following the introduction of the ...

By Staff reporter | Published: 21 January 2014


TelOne completes writing off $79m debts

FIXED telecommunications operator Tel-One has completed writing off more than $79 million from about $276 million that it is owed by its customers. In October, the parastatal said it would embark on ...

By Business Reporter | Published: 03 December 2013


Zim economy shrinking, debts to rise, says Biti

Former Finance Minister Tendai Biti says lack of fiscal management will plunge Zimbabwe into an economic crisis with both the local and foreign debts set to get out of control within the next few mo...

By Staff reporter | Published: 29 October 2013


Zim - Zambia agree on outstanding $70m debt

Zimbabwe and Zambia have agreed on modalities to settle the outstanding $70 million debt owed to Lusaka for the shared cost of the Kariba Dam construction paving the way for the two countries to comme...

By Staff reporter | Published: 09 October 2013


ZESA writes off debts

Power utility company ZESA has announced a $170 million debt relief for domestic customers and resettled and rural farmers.ZESA says the debt relief to customers was devised after extensive consultati...

By Staff reporter | Published: 10 September 2013


Ecobank locked in boardroom battle over outstanding debts

The bank that blazed a trail across African borders to build the continent's most geographically diverse network is in the throes of a bitter boardroom battle over outstanding debts owed by businesse...

By FT | Published: 17 July 2013


Zimbabwe pays back IMF debts

ZIMBABWE has agreed to make monthly and quarterly payments to three international financial institutions as it begins a journey to resolve its US$10,7 billion external debt.The commitment is containe...

By Business reporter | Published: 08 July 2013


Zesa Holdings clears its debts to suppliers in the region

Electricity load-shedding is set to ease in most parts of the country after Zesa Holdings cleared its debts to suppliers in the region, although some challenges still remain in supplying enough pow...

By Staff Reporter | Published: 10 June 2013

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