Zimbabwe external debt, which phenomenally surged to US$7,1 billion in 2009, will shoot by eight percent to US$7,6 billion while the local debt will increase to US$1 billion by the end of 2010, statistics from the International Monetary Fund (IMF) showed last week.
White-owned companies in Zimbabwe are to be forced to hand majority control to black businessmen in a move that could lead to chaos rivalling the seizure of the country's commercial farms.
Platinum production has continued to increase in Zimbabwe despite the devastating recession that has engulfed the country in the past ten years, it was claimed on Friday (17th July).
The battle between the Ministry of Finance and Reserve Bank over the allocation of cars to MPs has left ministers open to charges of hypocrisy by the legislators as they have more than two vehicles each while trying to block their colleagues in parliament from taking any from the central bank.
Mystery surrounds the use of a large sum of money that the World Bank paid to United States-based medical practitioner, Dr Arikana Chihombori, for the purpose of developing medical facilities in Kwekwe and Redcliff in Zimbabwe.
Government officials in Zimbabwe are unhappy about a decision by the Global Fund to Fight AIDS, tuberculosis and malaria to ditch the National AIDS Council (NAC) as the principal recipient of its existing and future grants and to instead channel funds through the United Nations Development Programme (UNDP).