Audio By Carbonatix
Zimbabwe owes airlines about $196 million that’s stuck in the country due to a shortage of hard currency, according to the International Air Transport Association (IATA).
The last payment received by the industry body was in January, regional vice president for IATA in Africa, Muhammad Ali Albakri, said in an interview on Tuesday.
The group held a meeting with Zimbabwe President Emmerson Mnangagwa and will now finalize the payment plan, he added.
The country is struggling with shortages of foreign exchange including the U.S. dollar, which is needed to transfer the proceeds of local ticket sales to airlines.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
2026 U20 WWCQ: Black Princesses beat South Africa to make final round
11 minutes -
World Para Athletics: UAE Ambassador applauds Ghana for medal-winning feat
1 hour -
Photos: Ghana’s path to AU Chairmanship begins with Vice Chair election
1 hour -
Chinese business leader Xu Ningquan champions lawful investment and deeper Ghana–China trade ties
1 hour -
President Mahama elected AU First Vice Chair as Burundi takes over leadership
2 hours -
Police work to restore calm and clear road after fatal tanker crash on Suhum–Nsawam Highway
2 hours -
Four burnt, several injured in Nsawam-Accra tanker explosion
3 hours -
Police arrest suspect in murder of officer at Zebilla
4 hours -
SUSEC–Abesim and Adomako–Watchman roads set for upgrade in Sunyani
4 hours -
CDD-Ghana calls for national debate on campaign financing
5 hours -
INTERPOL’s decision on Ofori-Atta: What it means for his U.S. bond hearing and the legal road ahead
5 hours -
Parties can use filing fees to cover delegates’ costs, end vote-buying – Barker-Vormawor
5 hours -
Boxing in Bukom: Five months without the bell
5 hours -
Political parties can end vote-buying by disqualifying offenders – Barker-Vormawor
5 hours -
Ministry of Gender investigates alleged sharing of intimate videos by foreign national
6 hours