Mnangagwa Grilled By Ethiopian Airlines Executives Over $18 Million Dollars Held In Zimbabwe
Ethiopian Airlines executives grilled President Emmerson Mnangagwa and demanded the release of $18 million dollars stuck in Zimbabwe.
This was revealed by Foreign Affairs and International Trade Minister Retired Lieutenant General Sibusiso Moyo after a meeting held by Mnangagwa and Ethiopian Airlines Group Chief Executive Officer Mr Tewolde Gebremarian.
Speaking to journalists after the meeting held in Addis Ababa, Ethiopia, Moyo said:
They touched on that and that it is worth about $18 million which is stuck in Zimbabwe but that was not so much of an issue because they believe that if they establish a partnership with Air Zimbabwe they will be able to get that money without any problems and in a very short space of time.
His Excellency has also promised that my counterpart the Minister of Finance is going to take a serious position in terms of reducing that debt.
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Air Zimbabwe has been choked by mountains of debt and had some of its planes impounded by creditors. Recently, one of Air Zimbabwe’s popular planes, Mbuya Nehanda was grounded.
