Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.


We're not about to fund Zim, says World Bank

12 September 2016, 10:48

Harare - The World Bank has denied media reports that it is about to resume lending to cash-strapped Zimbabwe.

Widely-circulated reports this week suggested that the World Bank was working on a bail-out package for Zimbabwe that could see it handing over $400 million to President Robert Mugabe's government starting next year.

The claims elicited howls of protest from opponents of the 92-year-old leader. A leaked document appeared to show that the World Bank had ignored the government's unpopular decision to print its own banknotes and turned a blind eye to recent reports of rights violations during a wave of anti-government protests.

But now the global lender says the leaked document the reports were based on was "an unofficial draft document that has not been approved."

"The World Bank will only resume direct lending to Zimbabwe when the issue of arrears is resolved," a statement from them added.

Zimbabwe owes the World Bank $1.1 billion, according to the central bank governor John Mangudya.

A mid-term fiscal policy review presented by the finance minister Patrick Chinamasa this week showed the dire straits that troubled Zimbabwe is in financially. The minister admitted that the wage bill for civil servants ate up 96.8% of revenue - and that the authorities might be unable to meet that bill by the end of the year.

- News24


Read more from our Users

Nigeria @ 56: Words to my green f...

A leader’s job is not to dictate, but rather to be respected, admired and be a trustee, of the land we love, with so much potential, a land which should be freer than free. Its still a long way to fufilling our destiny! Read more...

Submitted by
Isaac Asabor263
Recession: An opportunity for Nig...

The recession should be seen as an opportunity for the country’s promotion as long as we all collectively conduct ourselves in a patriotic manner, writes Isaac Asabor.  Read more...

Submitted by
Black and White

We want to imitate the whites in everything because we are ignorant of our inherent originality and content. We spend all our Naira to acquire his inventions because we so oblivious of our natural endowments that we allow him have it for free. Read more...

Submitted by
Nate Nat
Adamawa State University Mubi: A ...

ADSU integrity forum has accused the Sunday Joshua Wugira, a lawyer, of adopting unorthodox tactics by abusing his privilege by attacking the integrity of ADSU Vice Chancellor Dr. Moses Zira Zaruwa, writes a News24 reader. Read more...

Submitted by
Abdulsalam Jubril
My Country Nigeria (Part One)

Poetry by Abdulsalam Jubril.

Submitted by
Abdulsalam Jubril
Recession, dearth in leadership a...

Every leader has the opportunity to become great and making himself immortal in the lives and hearts of people for generations to come. Will Mr. President seize this opportunity?, questions Abdulsalam Jubril. Read more...