Harare — Zimbabwe is “way behind” in clearing its $700m arrears to the African Development Bank (AfDB), the bank’s top official in Harare told Business Day last week.

Zimbabwean finance minister Mthuli Ncube had hoped to clear the arrears owed to AfDB and the World Bank by the end of 2019 to qualify for new loans from international financial institutions. But instead the country has succeeded only in growing its arrears...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now