AFRICA

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Kenyan dog owners to pay heavily for extended dog barks

Owners of dogs that bark for more than six minutes in Nairobi, the Kenyan capital, will have to part with Sh 5,000 in fines,...

Hundreds of African Migrants Captured in Libya

At least 300 African migrants have been detained in Libya while attempting to board boats headed to Europe according to Libyan Officials. A majority of...

Sexual Health Education introduced in new school curriculum in Uganda

The Ugandan government has introduced in the new school curriculum education on sexual health to provide information on pregnancy and STIs There have been a...

Mozambique gets a make over

Mozambique has attracted new investment from both local and foreign businessmen who are renovating the face of the historic districts. Families are selling to investors...

SHEROES: Women in leadership

This year's "Sheroes" conference in Accra brought together women from across the continent. Many have battled sexism to become leaders in politics, business and...

Libya agree on national unity government

After month of failed talks, rival factions in Libya have finally settled on a new proposed government..And a Prime Minister. Negotiators who attended the peace...

Rwanda’s Supreme Court approves Kagame’s third term bid

Rwanda's Supreme Court has dismissed an application seeking to block a bid to ammend the constitutional two-term presidential limit that would consequently extend President...

The Tunisian National Dialogue Quartet awarded Nobel Peace Prize 2015

The Tunisian National Dialogue Quartet is an alliance made up of four organisations representing labour unions, leaders of industry, lawyers and human rights activists. The...

Kenyan Businessman Runs an Advert to Get President’s Attention

A businessman based in the capital city of Kenya had published a full page advert letter addressed to the President in protest of alleged police...

Zimbabwe to clear $1.86bn arrears by April

Zimbabwe will clear arrears amounting to $1.86bn owed to international creditors such as the International Monetary Fund by the end of next year April, the finance minister has said, a move that will see the country unlock avenues for new funding. President Robert Mugabe's government began defaulting on its debt to the IMF, World Bank, African Development Bank and several other Western lenders in 1999, and is  now struggling to emerge from a catastrophic recession that ran for a decade until 2008. Zimbabwe is now running a hand-to-mouth budget due to lack of payment support and also starved of foreign credit. This has left the country with virtually no money for other critical agenda such as infrastructural development. Finance Minister Patrick Chinamasa said that he presented Zimbabwe's plans to clear its arrears to creditors on the sidelines of the IMF and World Bank meeting in Lima, Peru on Thursday. Zimbabwe owes the World Bank $1.15bn, the African Development Bank $601m and the IMF $110m. "The strategy that was presented by government entails clearing Zimbabwe's arrears ... through a combination of using the country's own resources, arrangement of bridge finance with regional and international banks and the usage of bilateral loans," Chinamasa said in a statement. "I am pleased to report that there was strong endorsement among creditors to support Zimbabwe's strategy," he said. Chinamasa also said that his road-map to creditors would give international lenders time to develop a new financing program for Zimbabwe. The IMF said on September 21 that it might resume financial support to Zimbabwe as early as 2016 if foreign creditors accepted Harare's arrears clearance plan and the government implemented economic reforms to boost growth. Zimbabwe's economy is expected to grow by 1.5% this year, half the initial official forecast due to weak commodity prices that have hit mining exports and a drought that has left more than 1.5 million people in need of food aid.
CGTN Africa