According to the AfDB, SOEs which benefitted from the on-lent loans are now required to open dedicated debt servicing sinking funds to ensure timely debt servicing.
ZIMBABWE has accessed loans of up to USS$1.7 billion from Chinese and Indian banks to shore up technically insolvent state-owned enterprises (SOEs), a leading r.
THE Grain Marketing Board (GMB) has more than 257 000 tonnes of grain at its depots countrywide, with stocks expected to increase over the coming weeks as farme.
It is a song that Zimbabweans have heard playing before: as the Zimbabwe dollar loses more value, shops are struggling to restock fast enough and the country’s biggest industry group wants brakes put on panic buyers. As the gap widens between Zimbabwe’s formal and black market exchange rates, retailers are struggling to restock their shelves