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Zimbabwe’s debt has spiralled from US$600 million in 1980, following protracted defaults.

While it is clear Zimbabwe has had little success in its interventions to resolve an unsustainable US$13,3 billion external sovereign debt, a further worrying reality is the apparent lack of a viable strategy to expunge the equally malignant domestic public debt. Analysts said the Treasury was as much obligated to come up with a more…

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A FORMER United States State Department official says the British government should consider apologising to Zimbabwean people for supporting a failed bid to back Harare’s debt arrears plan which underwrote the 2017 military coup in the misplaced hope of securing transition and reform, The NewsHawks reported. Todd Moss, a former deputy assistant secretary in the Bureau of African Affairs at the US State Department, said failure by President Emmerson Mnangagwa’s government to implement far-reaching reforms as part of its re-engagement strategy with the international community has resulted i...

British Prime Minister Boris Johnson and Zimbabwean President Emmerson Mnangagwa THE United Kingdom’s unexpected move this week to impose sanctions on four Zimbabwean security chiefs for human rights violations – following a series of critical pronouncements in recent months – signifies a major policy shift, diplomatic sources say. In a move seen in Harare as an unexpected kick in the teeth, the UK, now autonomous to make solo decisions on sanctions after breaking away from the European Union, announced new sanctions, including a travel ban and asset freeze, on State Security minister O...