South Africa turned down a request from its southern African neighbor Zimbabwe for a $1.2 billion loan in December, a spokesman for the finance ministry said on Monday, Trend reports referring to Reuters. “South Africa doesn’t have that kind of money,” National Treasury spokesman Jabulani Sikhakhane said. Zimbabwean officials were not immediately available for comment. Zimbabwe was hit by anti-government protests last week after a hike in fuel prices stoked anger over an economic crisis. Police say three people died during demonstrations that turned violent in the capital Harare and second city Bulawayo. But human rights groups say evidence suggests at least a dozen were killed. Zimbabwean President Emmerson Mnangagwa said on Sunday that he would return home from a European tour and skip the World Economic Forum in Davos to address the crisis. Follow Trend on Telegram. Only most interesting and important news … [Read more...] about South Africa turned down Zimbabwe request for $1.2 billion loan in December
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PUBLISHED: 17:54 09 January 2019 Steve Birley Gus Mcvey, who led the Zimbabwean ladies to the bronze medal at a tournament held in Africa in December. Picture GUS MCVEY Archant Sidmouth-based hockey coach Gus McVey guided the Zimbabwean ladies’ national hockey team to the bronze medal when they took part in a tournament involving teams from Zimbabwe, Namibia, Zambia and Egypt that was held in the city of Bulawayo, the first to be held in Zimbabwe in 15 years. The Zimbabwean ladies national team with Gus Mcvey (far left). Picture GUS MCVEYThe bronze medal meant that Gus and his team didn’t qualify for the world series finals to be held in Ireland in June.However, the team has secured a place in the Africa games, which doubles as the 2020 Olympic qualifiers to be held in South Africa in August 2019. Gus says: “I am so very proud of the team and their achievement. They bonded quickly, something that was all the more impressive given that … [Read more...] about Sidmouth hockey coach guides team to bronze medal at World Series Open Tournament in Zimbabwe Africa.
"I can confirm that a warrant for the arrest of Grace Mugabe was issued last Thursday," South African Police Service spokesperson Vishnu Naidoo said, according to multiple media sources. Naidoo also noted that police were seeking assistance from the International Criminal Police Organization (Interpol) to help enforce the warrant. Interpol is an international organization that coordinates police cooperation across nations. Mugabe has repeatedly denied assaulting Engels, claiming instead that the "intoxicated and unhinged" model attacked her with a knife when Mugabe entered the hotel room. — Peter Ndoro (@peterndoro) August 15, 2017 Following the incident, Mugabe was granted diplomatic immunity by South Africa's former Minister of International Relations and Cooperation Maite Nkoana-Mashabane. Diplomatic immunity ensures that diplomats are immune to lawsuits or prosecution under a host country's laws. — aliiwo … [Read more...] about S. Africa Issues Arrest Warrant for Zimbabwe’s Ex-First Lady for Alleged Assault
Zimbabwe President Emmerson Mnangagwa marked his first year in office this week by rolling out a series of biting austerity measures aimed at bailing out the bankrupt economy. Mnangagwa who succeeded long-time ruler Robert Mugabe, ousted in November 2017 following a brief military takeover unveiled an 8.7 billion-euro budget for 2019 and a raft of cost-cutting and revenue generating measures to fund the country’s mountain of problems. 95 percent unemployment Zimbabwe is under pressure to service its foreign debt burden standing at 17.9 billion euros, and tackle one of the world’s highest unemployment rates. Last year Forbes Magazine published a stunning article in March 2017 – the headline: "Congratulations to Robert Mugabe - Zimbabwe's unemployment rate now 95%." Yet, the most recent survey of jobless figures in the country of 16.5 million inhabitants carried out in 2014 by the statistics agency Zimstat puts the number of people over the age of 15 without jobs at … [Read more...] about Focus on Africa: Zimbabwe’s bid to get out of bankruptcy
We begin in Nigeria, where Punch has an update on the long-running graft trial in Italy of current and former managers of oil giants Shell and ENI Nigeria in connection with suspected bribes worth more than 1 billion euros to secure an exploration license for an offshore oil field. The paper reports that on Wednesday, Italy's Supreme Court threw out an appeal by nine current and former executives or contractors of Shell to stymie the trial opened at a Milan court in 2011 citing procedural errors. According to Punch, the offshore oilfields targeted in the scam contain as estimated nine billion barrels of oil. In Zimbabwe, the State-owned Herald welcomes latest World Bank forecast about the country's economy, in which it revises the Gross Domestic Product upwards, from the 1.8 percent projected in January last year to 2,7 percent. That's lower than the 3, 4 percent growth rate estimated last year. But as the publication observes President Emmerson Mnangagwa remains optimistic that … [Read more...] about African press review 14 June 2018