Bulawayo24 News - Skyes! "it makes perfect sense"

Columnist / Blessing machiva

Foreign aid dreadful, unnecessary!

ZIMBABWE does not need foreign aid to escape this economic malaise. Our leaders have been saying it so many times that the country's hope lies on a bailout package; the quicker we get it, the better, but this is a misplaced sentiment. The …

Published: 06 Jun 2019 at 07:30hrs | 358 | by Blessing Machiva

ZimAsset, a failed economic policy

Zim-Asset is an economic policy much celebrated in the political front but with nothing much to bring home from the economic perspective. Zimbabwe has crafted so many economic policies from the early 80s but all of them share a major flaw,…

Published: 22 Sep 2017 at 11:59hrs | 27 | by Blessing Machiva

Dr Mangudya, you are to blame for the cash crisis!

Reserve Bank of Zimbabwe (RBZ) governor John Mangudya recently made d three disheartening statements concerning the current liquidity crisis.He said civil servants should not bother commercial banks by demanding cash because the government…

Published: 27 Aug 2017 at 12:58hrs | | by Blessing Machiva

Gross incompetence and corruption on parastatals deadly to the economy

It is quite sad to note that the Auditor General, Mildred Chiri, has for quite a long period of time exposed the gross mismanagement of funds taking place in the most parastatals and local authorities in our country but with no any tangibl…

Published: 20 Jul 2017 at 16:25hrs | 5 | by Blessing Machiva

Policy makers: A cost to the economy

The post-independence government of Zimbabwe inherited a fairly well diversified economy with an industrial base stronger than that of most Sub-Saharan African countries north of the Limpopo River. In pursuing its development objectives, t…

Published: 09 May 2017 at 13:30hrs | 2 | by Blessing Machiva

Bond Notes Controversy and the Chinamasa Reforms

In the Mid-term fiscal policy review of 2016, the Finance Minister Patrick Chinamasa proposed to cut 25 000 jobs by December 2017 and said it would save $155 million annually; freeze Civil Servants bonus for the next two years to save $180…

Published: 01 Oct 2016 at 13:57hrs | | by Blessing Machiva

Unlocking Growth Potential

The Government of Zimbabwe is targeting an average economic growth rate of 6.6% over 2016-2018 and the growth is going to be driven by manufacturing and agricultural sector. Finance and Economic Development Minister Patrick Chinamasa had i…

Published: 23 Sep 2016 at 20:40hrs | 340 | by Blessing Machiva

Benefits of poverty reduction strategies through economic growth

The government has recently indicated in its draft interim poverty reduction strategy paper (I-PRSP) that it is targeting an economic growth rate of 6.6% from 2016-2018. The strategy also targets inflation of 0.6%, an interest rate regime …

Published: 23 Aug 2016 at 17:38hrs | | by Blessing Machiva

Being optimistic with bond notes

The government's plans to introduce bond notes in October this year has been under much criticism and attack from the general public but it is also wise to analyse the other positive side of this policy in order to fully explore and unders…

Published: 14 Aug 2016 at 07:56hrs | 906 | by Blessing Machiva

Exposing the veil of ignorance behind Bond Notes

The government has in the past weeks announced its plans to introduce bond notes to ease cash shortages and to prevent externalization. The bonds will be underwritten by a US$200 million loan from Cairo-based lender, the Africa Export-Impo…

Published: 10 Aug 2016 at 08:59hrs | 6 | by Blessing Machiva

A closer look on the SI 64, 2016 on imports restriction

The government has recently gazetted Statutory Instrument 64 of 2016, which temporarily regulates the importation of certain products that can be produced locally. Some of the products which were removed from the Open General Import Licenc…

Published: 06 Aug 2016 at 07:47hrs | 16 | by Blessing Machiva

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Columnist / Blessing machiva

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