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Air Zimbabwe Cuts 70% of its workforce to prevent bankruptcy

By Godfrey Marawanyika and Desmond Kumbuka Dismissals needed to prevent bankruptcy, airline says State airline used to operate flights to Europe and China Air Zimbabwe is firing more than a third of its workforce to prevent the state-owned airline from going bankrupt. The airline has debts of about $330 million, …

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#Zimbabwe runs out of bond notes, to issue new bond notes

Zimbabwe Seeks Bond-Note Funds as Afreximbank Facility Runs Out By Brian Latham (Bloomberg) — Zimbabwe is in talks about second loan facility to fund the issuance of further bond notes, Central Bank Governor John Mangudya told reporters on Wednesday in the capital, Harare. * A loan facility with Afreximbank, which backed …

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