africa special articlesAFRICA NEWS

About Africa News

Africa News features dayly news focusing on current and relevant business and financial issues affecting Africa.

Africa News

Zimbabwe received $ 400m to revive its economy

A unity government formed by rivals President Robert Mugabe and Prime Minister Morgan Tsvangirai has appealed for billions of dollars from the West.

Biti told the BBC that Zimbabwe would actually require about $45 billion to revive its economy over the next five years, according to estimates by the International Monetary Fund.

Western donors have called for real proof of power sharing and the restoration of law and order before they open their wallets.

Zimbabwe Finance Minister Tendai Biti on Thursday said Zimbabwe had received $400 million aimed at helping pay civil servants and regenerating the country’s economy from African governments.

According to Biti Botswana provided $70 million and South Africa $50m with the rest coming from the Common Market for Eastern and Southern Africa.

read source articleread source article
Back to the front page