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Zimbabwe's mineral-backed loans may complicate talks with creditors, IMF says

03 Jun 2019

HARARE, June 3 Foreign loans that use minerals as collateral may complicate Zimbabwe's future negotiations with foreign creditors to restructure its $8.8 billion debt, an International Monetary Fund official said on Monday.

Zimbabwe power cuts may deepen as water levels fall at Kariba Dam

30 May 2019

HARARE Zimbabwe's largest hydroelectric plant, Kariba Dam, will suspend output in 14 weeks if water levels continue to fall at the current rate, the energy minister said on Thursday, paving the way for deeper power cuts in the country.

Zimbabwe presses exporters, power utility as economic crisis mounts

27 May 2019

HARARE Zimbabwe government figures blamed exporters on Monday for exacerbating a dollar shortage and warned the power utility against fuelling inflation as the state grappled with a mounting economic crisis.

Zimbabwe's small businesses reel from power cuts

21 May 2019

HARARE Nelson Masaka heaves a hindquarter of beef on his shoulder from a truck and trudges inside his butchery shop, wondering out loud how he would survive Zimbabwe's worst power cuts in three years. | Video

UPDATE 2-Zimbabwe hikes fuel prices again; new currency slides

21 May 2019

* RTGS$ currency posts its biggest one-day fall (Adds more details, currency slide, analyst comments)

Explainer: Why Zimbabwe faces worst power cuts in three years

16 May 2019

HARARE Zimbabwe is experiencing its worst power cuts in three years, lasting up to 10 hours daily in some areas and threatening mining output in one of the world's biggest platinum and gold producers.

Zimbabwe platinum mines to ride out power cuts, gold output less secure

15 May 2019

HARARE Power imports are cushioning platinum mining companies against Zimbabwe's worst blackouts in three years, but gold mines could face production cuts as they continue to rely on an unstable national grid, industry officials said.

Zimbabwe platinum mines to ride out power cuts, gold output less secure

15 May 2019

HARARE, May 15 Power imports are cushioning platinum mining companies against Zimbabwe's worst blackouts in three years, but gold mines could face production cuts as they continue to rely on an unstable national grid, industry officials said.

Zimbabwe central bank head hints at more weakening of new currency

11 Mar 2019

HARARE Zimbabwe's central bank governor on Monday said the exchange rate for the new transitional currency is unlikely to remain at 2.5 per U.S. dollar by the time tobacco auctions open next week, suggesting the local unit will be devalued further.

UPDATE 2-Zimbabwe central bank borrows $985 million from African banks

04 Mar 2019

* Miners seek to hold on to dollar earnings for longer (Adds details, background)

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