Govt Seeks Investment Partner For Air Zimbabwe

The Minister of Transport and Infrastructural Development Joel Biggie Matiza says the government intends to engage investment partners for the recapitalisation of Air Zimbabwe. The national carrier was recently placed under administration as it owes its creditors $377 million. The government has since assumed the debt and it is thought that this move would pave way for attracting an investment partner. Speaking at the just ended 2019 pre-budget seminar in Bulawayo on Friday, Matiza said

This (debt assumption by Government), as recommended by the committee (Portfolio Committee on Transport and Infrastructural Development), will give a competitive advantage to the airline as it seeks to engage a partner… I intend to go to tender this coming (this) week to seek an investor for the airline.

More: Chronicle