馃嚳馃嚰ZimbabweSouthern Africa
Liquid Technologies retires $620 million bond early, issues new $300 million bond to reduce leverage
via NewsDay Zimbabwe1 min read
Liquid Technologies has announced the early retirement of a $620 million bond. This move is part of a deliberate balance sheet strategy aimed at lowering gearing, mitigating refinancing risk, and preserving liquidity flexibility. Concurrently, the company has issued a new $300 million bond. This financial maneuver is intended to support ongoing expansion efforts while optimizing the company's financial structure.
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This summary was AI-generated from a story originally published by NewsDay Zimbabwe.
Zimbabwe's Criminal Procedure and Evidence Amendment Bill, 2026, aims to introduce a formal legal framework for plea agreements, a process currently lacking comprehensive statutory governance in the country. This proposed legislation seeks to streamline the criminal justice system by reducing case backlogs, enhancing efficiency, and promoting fairness. Plea agreements allow an accused person to plead guilty in exchange for concessions from the prosecution, such as reduced charges or the withdrawal of certain charges. The Bill outlines when these agreements can be made, the offenses they apply to, and the roles of prosecutors and courts, while also including safeguards for accused persons and considering victims' interests. Excluded offenses include murder, sexual offenses, and crimes against the State. The Bill mandates judicial oversight, requiring court acceptance for any plea agreement to become effective. Safeguards include ensuring the accused understands the agreement, is aware of their right to a full trial, and entered the agreement voluntarily. Prosecutors must also ensure sufficient evidence for conviction and, in serious cases, legal aid must be provided if the accused cannot afford representation. Victims or their representatives should be consulted where circumstances permit. If a court rejects an agreement, it becomes null and void, and statements made during negotiations cannot be used in a subsequent trial. An appeal is generally limited to the extent or legal
Must ReadZimbabwe has commissioned a specialized honey testing laboratory, a development aimed at enhancing the country's export competitiveness in the honey sector. This initiative is expected to support the growth and quality assurance of Zimbabwean honey products for international markets.
Zimbabwe is preparing for its Nations Cup finale match against Canada. Other news includes Harare municipal police seeking more authority, a security guard stealing US$160,000, a rise in teenage sex trade in Mutare, and Starlink kits gathering dust at rural hospitals due to subscription delays. ZMX reports rising confidence with trades reaching US$1.28 million, while families on the streets are highlighted as a national issue. Stanbic Bank-backed Carnival Cup is set to begin, and the Shingirirayi Youth Ministry is organizing an under-13 football tournament in Mbare. Political tensions over grasslands plots have led to violence and forced evictions. ART operations are affected by power outages and raw material shortages, with export and paper division volumes declining by 6% and 26% respectively in the third quarter to June 2022. Zanu PF is anticipated to ambush Zimbabwe towards a referendum, and a kidnapping trial was postponed due to a lawyer's absence. A specialized honey testing laboratory has been commissioned in Zimbabwe to enhance export competitiveness.