China to seize Uganda top airport over debt
On Tuesday, 17 November 2015, the Uganda government signed an agreement with Export-Import Bank of China (Exim Bank) to borrow $207 million at two per cent upon disbursement.
Business
Zambia increases Monetary Policy Rate to combat inflation
The Bank of Zambia announced that the Monetary Policy Committee (MPC) at its November meeting decided to raise the Monetary Policy Rate (MPR) by 50 basis points to 9.0 percent.
Musokotwane hails Indo Zambia Bank growth record
Finance minister Situmbeko Musokotwane has hailed Indo Zambia Bank, describing its growth as a success story.
Bird flu hits Europe, Asia
Several outbreaks of severe bird flu in Europe and Asia have been reported in recent days to the World Organisation for Animal Health (OIE), in a sign the virus is spreading quickly again.
Businesses Refusing Zimdollar Face Arrest
HARARE – Zimbabwe will not adopt the United States dollar as the country’s sole currency, but will work to progressively defend the value of the local unit, while businesses that refuse to accept the Zimbabwe dollar risk arrest, Finance and Economic Development Minister, Professor Mthuli Ncube, has said.
Moonlight Funeral company in court over debt dispute
A South African company has sued Zimbabwean funeral assurance firm, Moonlight Provident Associates, seeking to recover a US$180,000 debt for caskets it supplied, papers filed at the Harare High Court this week showed.
Central Bank Approves Black Market Rates
Retailers can continue to use parallel market exchange rates, Reserve Bank of Zimbabwe governor John Mangudya said in a statement issued on Monday.
Zimbabwe telecom operators increase tariffs
Telecom operators have been given the nod by Postal and Telecommunication Regulatory Authority of Zimbabwe (Potraz) to increase out of bundle tariffs by an average of 30 percent.
‘Bankrupt’ South African Airways resumes flights
South Africa’s embattled national airline on Thursday flew its first plane since March 2020 after emerging from bankruptcy proceedings.
Zesa Announces Action Packed Load-shedding Timetable
HWANGE – Struggling state-owned power utility ZESA announced on Sunday that it would immediately implement scheduled power cuts lasting up to eight hours daily due to depressed generation at Kariba and Hwange.