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Does Mugabe’s Govt Plan to Accumulate More Debt?

Does Mugabe’s Govt Plan to Accumulate More Debt?

Finance minister Patrick Chinamasa’s pledge that the Reserve Bank of Zimbabwe (RBZ) will continue to give exporters incentives under a $200 million African Export-Import Bank (Afrexim Bank) loan scheme has raised eyebrows that the government wants to contract more debt. The loan facility was used to back the printing of bond notes, a United States […]

Afreximbank bails out forex-starved Zimbabwe with U.S.$220 million

Afreximbank bails out forex-starved Zimbabwe with U.S.$220 million

Forex-starved Zimbabwe has been given a lifeline after the African Export-Import Bank (Afreximbank) availed two nostro stabilisation facilities amounting to $220 million. The facilities come at a time the economy has been facing a foreign payment gridlock due to the depletion of the nostro facilities. Reserve Bank of Zimbabwe (RBZ) governor John Mangudya told NewsDay […]

Air Travel to East Africa Rising

Air Travel to East Africa Rising

Analysis of International air travel to East Africa this year (January to August) by ForwardKeys, a company that predicts future travel patterns by crunching and analysing 14m booking transactions a day, reveals strong growth of 11.2% compared with the same period last year. This is an exceptional performance as growth for Africa as whole has […]

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