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Monday, 13 May 2013 10:59
HARARE - An Epworth man narrowly escaped death after he was stabbed by his neighbour for asking for his $1 loan back. Tinashe Chitanda, 26, was rescued by onlookers after Tichaona Maurara, 33, continuously stabbed him. Maurara was advised to apply...Read More
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Business »
Sunday, 12 May 2013 12:03
HARARE - The African Development Bank (AfDB) has granted Zimbabwe a $24,7 million loan to support the country’s capacity building projects. The continental bank yesterday said the grant was targeted at improving public finance and economic management, thereby contributing to macroeconomic...Read More
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News » Jeffrey Muvundusi, Own Correspondent
Monday, 22 April 2013 11:00
MATOBO - A group of Zanu PF youths led by war veteran Soul Ndlovu on Friday allegedly hijacked the government’s grain loan scheme and barred non- Zanu PF members from getting anything. The incident took place at Bidi Business Centre under...Read More
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Tuesday, 16 April 2013 11:03
HARARE - South Africa has approved $100 million in budgetary support to cash-strapped Zimbabwe, helping plug a gap in its finances ahead of elections expected in the second half of the year, Finance minister Tendai Biti said yesterday. Zimbabwe’s economy has...Read More
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Business »
Tuesday, 09 April 2013 12:10
HARARE - Botswana says it will soon disburse the P500m loan it promised Zimbabwe in 2009. Dorcas Makgato-Malesu, Botswana’s Trade and Industry minister, last Friday told businessdaily that responsible authorities have finally ironed out security issues and other outstanding matters. “The...Read More
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Tuesday, 02 April 2013 10:26
HARARE - Harare councillors have approved a $2 million loan the city council intends to borrow from Metbank for the purchase of refuse trucks. Council last year made a resolution to procure 27 refuse removal trucks and five compactors aimed at...Read More
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Business »
Monday, 18 March 2013 09:58
HARARE - Zimbabwe will next month meet South African authorities to discuss, among other issues, the $100 million loan promised by the latter four years ago. In 2009, South Africa (SA) pledged the money to help its neighbour restart her economy...Read More
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Business »
Sunday, 17 March 2013 14:11
HARARE - Finance minister Tendai Biti has lambasted the distribution of loans by the financial sector, which is heavily inclined towards the non-productive and consumptive sectors of the economy. This comes as 16 percent of loans disbursed by banks in December...Read More
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Business »
Friday, 07 December 2012 11:02
HARARE - Zimbabweans must pay back their loans to facilitate viability of the banking sector, Vice president Joice Mujuru has said. The Zanu PF number two not only echoed President Robert Mugabe’s calls for bankers not to abuse depositors’ funds, but...Read More
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Monday, 19 November 2012 12:36
HARARE - Controversial tycoon Jayesh Shah has been granted permission in the High Court to attach government property over a $120 000-plus debt. The reclusive and controversial Asian magnet, who frequently bails out the Zimbabwean government and several other private entities,...Read More
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Monday, 08 October 2012 11:12
HARARE - Zimbabwe has delivered two million litres of fuel to Malawi in part payment of a $24 million loan Harare owes Lilongwe for maize supplies. National Oil Company of Malawi chief executive, Robert Mdeza, confirmed the development on Saturday saying:...Read More
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