Thursday, April 25, 2024

Featured Video

Latest Stories

Top 10 Music

Upcoming Events

Zomba City Festival

Fri, 26 Apr 2024 10:00:00 UTC @ Botanic Garden - 2024 Zomba City Festival is schedulled to take place on 26 to 28 April at Botanic Garden in Zomba This is a festival for all ages in the historic mountain city of Zomba. Celebrate Cultu... More Info
Queens Club Shut Down

Fri, 26 Apr 2024 19:00:00 UTC @ Queens Club - Queens Club Presents "Queens Club Shut Down" with music performances by Kelly Kay, Charisma, Teddy Makadi and Praise Umali. The show will take place at Queens Club in Mzuzu on 26 April... More Info

Britain pledges to end Zimbabwe economic crisis

The current democratic progress in Zimbabwe has forced Britain to offer itself  to bail out the country from the current economic woes the nation is experiencing

The pledge was given by British Foreign Secretary Boris Johnson on Wednesday.

Boris said his country was willing to help Zimbabwe to stabilise its currency system and solve the cash shortages which have plagued Zimbabwe for the better part of the last two years.

Johnson who was speaking on the sidelines of the African Union-EU summit in Abidjan,said  his country  was willing to extend a loan to Zimbabwe to help it clear its obligations to the World Bank and the African Development Bank.

” Those are indeed the things that we would try to do to help Zimbabwe forward, but we’ve got to see how the democratic process unfolds recent events in Zimbabwe offer a moment of hope for the country and its people,” he said.

“This is a time to look to the future and to make clear that Britain shares the common vision of a prosperous, peaceful and democratic Zimbabwe,” said Johnson.

Johnson said he was encouraged by President Emmerson Mnangagwa’s words “so far”.

During his inauguration speech,Mnangagwa promised to reform the economy and give investors the security of title they needed.

“For as long as the President acts on his words, then Britain is willing to work alongside him and offer all the support we can,”said Johnson.

Subscribe to our Youtube Channel:

Related Posts

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Popular Articles