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
-
Ghana’s Appointment Addiction: Why the State cannot function when everything depends on who won the election
19 minutes -
GJA-Central urges journalists to uphold sacrifice, accountability amid press freedom threats
27 minutes -
Fisheries Minister calls for data upgrade to boost fisheries economy
31 minutes -
Condom use remains key to HIV prevention in Ghana – AIDS Commission
42 minutes -
OMJ Foundation boosts BECE prospects in Akuapem South with transformative intervention project
55 minutes -
Central banking: Safeguarding Ghana – not chasing profit
59 minutes -
Silent Strategist: IGP Yohuno’s performance comes as no surprise
1 hour -
Trump says US to ‘guide’ stranded ships through Strait of Hormuz
1 hour -
Nigeria plans to repatriate nationals willing to leave South Africa after attacks
1 hour -
Samsung family pays off record $8bn inheritance tax bill
1 hour -
Afenyo-Markin urges BECE candidates to avoid examination malpractice
1 hour -
We don’t earn anything representing Ghana – Saminu fires back
1 hour -
New alliances shakes up Nigerian political landscape
1 hour -
Ghana’s 2026 press freedom ranking positive but not impressive – MRi
1 hour -
The group of X platform content creators has no political affiliation – BoG clarifies
1 hour