ZIMBABWE’S plan to secure a US$1 billion bridge financing facility backed by the African Development Bank (AfDB) will later this month be on the regional lender’s agenda when it holds its annual meetings in Ghana, The NewsHawks has established. Zimbabwe has had arrears with the AfDB and the World Bank …

SUGAR processor Tongaat Hulett Zimbabwe (THZ) was last week forced to increase salaries after disgruntled workers torched plantations of unripe cane in protest over low wages. The incident took place after the company and unions representing the employees reached a deadlock during a collective bargaining process which began in March …

ZIMBABWEAN companies are now operating on a “strictly cash” or “payment upfront” basis in the aftermath of a catastrophic decree by President Emmerson Mnangagwa barring banks from lending. Companies that operate through overdrafts and short-term loans are hamstrung after the government closed the tap on liquidity they desperately need for …

HARARE – Zimbabwe has denied harbouring the most wanted Rwandan genocide fugitive Protais Mpiranya, who is now known to have died in the country in 2006. Mpiranya’s body, buried under the alias Ndume Sambao, was exhumed from Granville cemetery in Harare by United Nations investigators and DNA confirmed his real …

Seven miners were killed on Sunday when they plunged down a 200-meter shaft after a rope from a winch snapped, officials said. Officials from the ministry say no-one is expected to have survived. Efforts to recover the bodies are underway at Bucks Mine near Colleen Bawn in Matabeleland South, said …

THE Zimbabwe Congress of Trade Unions has slammed President Emmerson Mnangagwa for implementing a raft of economic stabilisation measures before consulting with partners at the Tripartite Negotiation (TNF) and warned the measures could trigger massive job cuts. The TNF is a social dialogue platform which brings together government, business and  …

PRESIDENT Emmerson Mnangagwa and Finance minister Mthuli Ncube’s recent economic pronouncements have reportedly triggered a shortage of most locally-manufactured basic commodities in most retail shops, while others were overpriced, raising fears of a repeat of the 2008 scenario. Last week, Mnangagwa dealt a heavy blow to local industry by stopping …

More than a million people have now been sickened by what Pyongyang is calling a “fever”, state media said. Some 50 people have died, but it’s unclear how many of those suspected cases tested positive for Covid. North Korea has only limited testing capacity, so few cases are confirmed. North …

Renault controlled 68 percent of AvtoVAZ, the largest carmaker in Russia with the country’s top brand Lada, but was under pressure to pull out of the country since Russia’s military intervention in Ukraine. Renault has funnelled billions of euros into the Soviet-era factory since the two automotive makers signed a …

The Queen has attended the final night of an equestrian extravaganza show to celebrate her Platinum Jubilee. The 96-year-old was met with a standing ovation as she arrived in the castle arena at the Royal Windsor Horse Show. Celebrities including Tom Cruise, Helen Mirren and Katherine Jenkins appeared in the …