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
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
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 […]