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...
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...
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 ...
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...
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...
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 ...
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...
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...
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...
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 ...
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 ...
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...
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...
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...
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...
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...
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...