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Zimbabwe
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for the 22 Dec - 28 Dec
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Zimbabwe’s Treasury says it deliberately delayed remitting payroll-deducted loan repayments to some banks and microfinance firms as part of an investigation into illegal lending practices. Authorities found some lenders charging excessive interest and breaching laws that cap deductions at 50% of salaries, leaving civil servants without disposable income. Payments have resumed for compliant institutions, with only two lenders still under review.
Alpha Media Holdings is facing a deep financial crisis after the Zimbabwean government failed to pay about $400 000 in outstanding advertising and subscription fees. The debt has severely strained cash flows, leaving journalists unpaid for months and prompting a token $50 payment before Christmas. AMH executives say delayed state payments, rising legal costs and pressure on critical media threaten the survival of one of Zimbabwe’s last major private news groups.
Kamatvi Mining Company committed to an independent audit of its lithium operations under the global IRMA Standard, opening the Hwange project to rigorous environmental, social and governance scrutiny. The voluntary assessment includes on-site inspections and confidential community and worker interviews. The move aligns with Zimbabwe’s push for ethical mining and boosts transparency, investor confidence and access to global clean-energy supply chains.