Can Zimbabwe Afford Its U.S.$985 Million In New Loans?
The Reserve Bank of Zimbabwe has acquired loans from several regional banks - including among others, the African Export and Import Bank (Afrexim) and the Mozambique Central Bank - to boost the country's production sectors, and the purchase of critical imports such as fuel, the Reserve Bank Governor John Magunye has said.
263Chat, 4 March 2019
The Reserve Bank of Zimbabwe (RBZ) has since 2013 abused the overdraft mechanism to borrow close to a billion dollars without the consent nor knowledge of the Parliament of… Read more »
New Zimbabwe, 5 March 2019
Reserve Bank of Zimbabwe (RBZ) governor John Mangudya was Monday taken to task by Harare MP Tendai Biti's Public Accounts Committee for borrowing close to US$1 billion without… Read more »
The Chinese diamond mining firm, Jinan Mining, was said to have externalised US$546 million through an offshore transaction. Although the matter was reported to police for ... Read more »