Financial Gazette (Harare)

Weekly business coverage of Zimbabwe and southern African


April 10

  • Zimbabwe: Govt Accrues Massive Power Debt

    GOVERNMENT has accrued over US$114 million in interest on its Federation-era debt to Zambia inherited after the taking over of power generation assets that had been shared between... Read more »

February 27

  • Zimbabwe: Debt Undermines Growth

    ZIMBABWE'S foreign and domestic debt will continue to undermine the country's creditworthiness and compromise its ability to secure new funding, analysts have warned. Much of the... Read more »

August 16, 2013

April 03, 2013

  • Zimbabwe: Riozim Restructures Debt

    Embattled mining firm, RioZim Limited, is restructuring its expensive debt to fend off a going concern crisis after high interest rates guzzled into profits, generating a US$5,5... Read more »

March 21, 2013

  • Zimbabwe: ASL Restructures Debt

    AFRICAN Sun Limited (ASL) is negotiating with its bankers for debt restructuring, as the hotel and leisure group seeks to cut borrowing costs and improve the bottom line. Read more »

March 06, 2013

February 06, 2013

January 11, 2013

December 03, 2012

  • Zimbabwe: Banks Penalise Seed Co

    Zimbabwe's banks have raised interest charges on the country's largest seed producer, Seed Co Limited, after reviewing the group's risk profile due to a rollover of debt. Read more »

October 17, 2012

September 19, 2012

  • Zimbabwe: Copac Still Owes Hotels

    THE Constitution Parliamentary Select Committee (COPAC), charged with drafting a new supreme law for the country, has failed to pay outstanding food and accommodation bills owed to... Read more »

August 01, 2012

June 28, 2012

June 15, 2012

  • Zimbabwe: Govt in a Bid to Clear Debt

    In a bid to save cash-strapped local authorities from collapse, the government this week ordered all urban councils to submit reports of how much they are owed by various... Read more »

May 16, 2012

  • Zimbabwe: Copac Debt-Ridden

    THE Constitutional Parliamentary Select Committee (COPAC), charged with drafting a new supreme law for the country is failing to settle outstanding hotel bills owed to various... Read more »

  • Zimbabwe: Bigwigs' Debts Cancelled

    HIGH-RANKING government officials and politicians are among people whose debts amounting to over US$5 million were written off due to poor record keeping by the Zimbabwe National... Read more »

April 27, 2012

  • Zimbabwe: The Toxic Debt Overhang [opinion]

    Borrowing, or leveraging as it is known in business circles, is a timeless means by which a party without current means is able to consume or acquire something, with the intention... Read more »

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