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Zimbabwe’s total consolidated debt amounts to US$17,5 billion. Debt owed to international creditors stands at US$14,04 billion, while domestic debt comes to US$3,4 billion.
The prediction is based on the General Administration of Customs of China (GACC), in June, allowing 11 local citrus orchards and six citrus pack houses to export the fruit variety into China.
FHL group chairperson Herbert Nkala said adopting a hedging strategy mitigated the impact of the exchange rate fluctuation and sustained the group’s balance sheet.
Governance has remained a critical issue for Zimbabwe, with the debt resolution process having recently flagged governance reforms as a major drawback to the processes.
The report said open market sales of grain, other crops, and maize meal are mainly conducted in the United States dollar in most areas, or South Africa rand in the southern districts.
Koti said tourism challenges might hinder ZTA’s expectations for the remainder of the year which includes international climate and general macro issues.
Over the years, Zimcodd has tried to foster a culture of whistleblowing amid reports that corruption is costing the country nearly US$2 billion annually.
Hwange Units 7 & 8, well-placed sources said, were constructed on a contract based in US dollars, and private foreign investment was utilised to finance the expansion project.
Financial institutions have what is known as assets under management, which is the entire market value of the securities owned or managed by the institution on behalf of its clients.
The appointment announced yesterday, means that Zembe will spearhead the financial group’s merger with CBZ Holdings. Finalising the acquisition of a controlling stake in ZBFHL.
To address fundamental production issues affecting sustainability and farmer viability, the three organisations have come up with a special coal facility for tobacco farmers.