Govt Seeks Investor For Air Zimbabwe

Speaking at the just ended 2019 pre-budget seminar in Bulawayo on Friday, Transport and Infrastructural Development Minister Joel Biggie Matiza said he will float a tender this week seeking an investor for Air Zimbabwe.

Matiza also said the Portfolio Committee on Transport and Infrastructural Development recommended Government to assume Air Zimbabwe’s debt amounting to $377 million. He also said some of the debt could be converted to equity since it is partly owed to Government and State enterprises. Said Matiza:

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

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