ATHENS – The Greek government is in last-minute talks over whether to accept an offer that would let Greece repay part of its debt, local media say. Greece is hours away from a deadline to repay a €1.6bn (£1.1bn) loan to the International Monetary Fund (IMF) – one it may miss. One of Greece’s creditors,…
JAKARTA – At least 37 people have been killed in a military transport plane crash in a residential area of the Indonesian city of Medan, officials say. The Hercules C-130 plane crashed into two houses and a car and burst into flames creating a huge fireball. Military spokesman Fuad Basya told the BBC that the…
HARARE – Analysts have warned that Zimbabwe is facing an imminent economic implosion due to chronic mismanagement by President Robert Mugabe’s ruling Zanu PF, that is being exacerbated by the former liberation movement’s seemingly unstoppable factional and succession wars. At the same time, the main opposition is rubbing it in by reiterating its post-2013 election…
HARARE – Reversing the tide of Zimbabwe’s rapid de-industrialisation is now an urgent imperative demanding that President Robert Mugabe’s ruling Zanu PF accepts failure and allow the set up of a National Technical Transitional Council (NTTC) to staunch the economic haemorrhage, former Finance minister Tendai Biti has said. “We are now making vending a virtue…
HARARE – High Court judge Garainesu Mawadze has recused himself from hearing a bail application filed by jailed former Air Zimbabwe boss Peter Chikumba, who is challenging his conviction and seven-year prison term. Mawadze said he had handled the matter before when Chikumba and his co-accused Grace Pfumbidzayi appeared before him with an application for…
GWERU – Youths aligned to President Robert Mugabe’s Zanu PF party nearly manhandled a female police officer who had allegedly demanded a $20 bribe from the driver of a minibus they were travelling in on Sunday. The youths were en-route to Bulawayo from the party’s meeting held in Harare last weekend. After the youths loudly…
HARARE – Worries about Zimbabwe are intensifying after the opposition threatened to unfurl mass protests over the deepening commonplace economic collapse. The threats have continued to drive fears about impending turmoil in the country. Morgan Tsvangirai has said he will mobilise his supporters to push for a respite to the painful economic hardships wrought by…
LONDON – No society is perfect. Even the strident critics of Zimbabwe under the Zanu PF regime do not and cannot claim infallibility. America, Britain, Australia, Canada — you name them, are imperfect in all spheres of life, political or social. In the US, we can retreat as far as the Watergate scandal. Of late,…
HARARE – Zimbabwe’s foreign direct investment (FDI) figures do not necessarily translate into instant improved economic conditions, authorities say. Richard Mbaiwa, Zimbabwe Investment Authority (Zia) chief executive, said not all approved projects will see the light of day for various reasons. “Another thing to note is that when a project has been approved it does…
HARARE – Zimbabwe has granted electricity tenders worth $2,4 billion to national power utility Zesa Holdings in an effort to ease power outages in the country, a top official has said. Charles Kuwaza, State Procurement Board (SPB)’s chairman, yesterday told the Mines and Energy Parliamentary portfolio committee that the parastatal has since 2010 granted 205…
