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'RBZ reserves inadequate'
New Reserve Bank of Zimbabwe (RBZ) governor John Mushayavanhu talking to journalists at the central bank in Harare on Thursday during a handover takeover process from his predecessor John Mangudya ove...Published: 04 Apr 2024 at 21:16hrs | 114 | by Staff reporter
Mnangagwa briefs Sadc leaders
President Mnangagwa provided updates on Zimbabwe's harmonized elections, characterizing them as peaceful, free, and fair, during discussions with four Sadc leaders. These engagements took place on the...Published: 27 Sep 2023 at 06:13hrs | 7 | by Staff eporter
'Biti was rigged to make way for Chamisa sympathiser'
FORMER Cabinet Minister Jonathan Moyo has claimed Citizens Coalition for Change (CCC) legislator Tendai Biti's recent loss to fellow Member of Parliament (MP) Allan ‘Rusty' Markham was rigged....Published: 19 Jun 2023 at 18:22hrs | | by Staff reporter
Zimbabwe, South Africa commit to improved trade ties
ZIMBABWE and South Africa are committed to improving trade and investor relations in order to boost bi-lateral trade and cooperation between the two economies. Nomalungelo Gina, the South Afri...Published: 19 Nov 2021 at 06:54hrs | 28 | by Staff Reporter
Masiyiwa speaks on his role in getting Africa's 400 million vaccine doses
African Union Special Envoy for COVID-19 and Pan-African businessman Strive Masiyiwa has spoken on the role he played in helping put together an agreement signed early this week for Johnson & John...Published: 31 Mar 2021 at 07:50hrs | 3 | by Staff Writer
Zesa on brink of collapse
ZIMBABWE'S state-owned power utility Zesa Holdings (Zesa) is on the brink of collapse due to a plethora of problems.It is beset by multiple crippling factors, including rampant power theft, no...Published: 30 Aug 2019 at 20:24hrs | | by Staff reporter
Mthuli under fire over illegal borrowing
Zimbabwe has so far borrowed USD$1,25 billion from the African-Export Import Bank (Afrexim Bank) without following laid down procedures, it has emerged.Responding to a question by Mt Pleasant ...Published: 04 Jun 2019 at 07:15hrs | 1 | by Staff reporter
Biti vs Mthuli: Transcript
Finance Minister Mthuli Ncube on Wednesday faced MPs' questions on the economy, in a session marked by a new round of heated policy debate with Tendai Biti, a former Finance Minister.Highlight...Published: 30 May 2019 at 11:13hrs | | by Hansard
WATCH: Historic ZITF opens
THE 60th edition of the Zimbabwe International Trade Fair (ZITF) opens in Bulawayo today with record breaking subscription at 532 direct local exhibitors and 16 countries participating. ...Published: 23 Apr 2019 at 07:02hrs | | by Staff reporter
Mangudya's RBZ tenure coming to an end
AS the curtain comes down on Reserve Bank of Zimbabwe (RBZ) governor John Mangudya's five-year term of office, speculation has been rife on whether he will be handed another contract or not.Ma...Published: 10 Mar 2019 at 09:05hrs | 2 | by Staff reporter
Name, shame loan defaulters, Biti demands
PARLIAMENT has demanded that Reserve Bank of Zimbabwe (RBZ) governor John Mangudya make public the schedule of beneficiaries whose loans were taken up by the Zimbabwe Asset Management Company (Zamco) ...Published: 05 Mar 2019 at 10:26hrs | 1 | by Staff reporter
Zanu PF's addiction with propaganda retrogressive
The lies around the Botswana credit line to the tune of $US 600 million is in bad taste, an insult against the citizen and bad for diplomacy.That the Botswana government had to generate commun...Published: 28 Feb 2019 at 11:45hrs | | by Jacob Mafume
The Destructiveness of Lawlessness - Mthwakazi Forum
The events of the 14th of January 2019, where Zimbabwe saw uncoordinated protests across the country with rampant destruction to property, were quite disturbing to say the least. There is evidence tha...Published: 14 Jan 2019 at 22:29hrs | 2 | by Kernan Mzelikahle
Mnangagwa govt told to dollarise now
Daily News writer Pauline Hurungudo interviews Steve Hanke, a professor of applied economics at The Johns Hopkins University and senior fellow at the Cato Institute.Over four decades, Hanke ha...Published: 19 Nov 2018 at 15:57hrs | 8 | by Staff reporter
ED's long economic haul
All the prophets of doom have to admit that they just don't possess the strategic clout and foresight of President Mnangagwa's administration. The ride is bumpy but big moves are being made. It all st...Published: 12 Oct 2018 at 12:46hrs | 1 | by Tom Nkala
Joram Gumbo refuses to resign
Energy and Power Development minister Joram Gumbo has stuck to his guns, declaring that he will not resign despite pressure from stakeholders peeved by the worsening fuel situation.This follow...Published: 10 Oct 2018 at 15:55hrs | | by Staff reporter
Who is Professor Mthuli Ncube?
PROFESSOR Mthuli NCUBE is a financial, economics, investment, and public policy expert. He has vast experience and worked in the private sector, public sector, academia, and international financial in...Published: 21 Aug 2018 at 17:51hrs | 3 | by Agencies
'Zimbabwe needs own currency'
Since the President Emmerson Mnangagwa-led new dispensation took charge last November, long-suffering Zimbabweans feel the country's economy has remained in the doldrums.The cash crisis, which...Published: 20 May 2018 at 19:46hrs | 2 | by Staff reporter
Zimbabwe ready to clear $1,2bn World Bank arrears
Zimbabwe has secured $1,2 billion needed to clear World Bank arrears with Finance and Economic Planning Minister Patrick Chinamasa saying the transaction will be completed once the Washington-headquar...Published: 29 Mar 2018 at 06:35hrs | 3 | by Staff reporter
Lacoste FDI sensationalism retrogressive
During Robert Mugabe's last dance as a President, he appointed the worst Deputies in the History of the Country, Emmerson Dambudzo Mnangagwa and Phelekezela Mphoko.The two gentlemen took turns...Published: 09 Feb 2018 at 12:12hrs | 2 | by MDC Alliance Policy and Research Committee
Demonetize bond notes, says Biti
PEOPLE's Democratic Party leader, Tendai Biti yesterday called on the government to immediately demonetise bond notes and increase the use of plastic money, as a temporary measure to deal with the liq...Published: 26 Oct 2017 at 06:48hrs | | by Staff reporter
Zimbabweans urged to ignore detractors predicting shortages
Zanu-PF yesterday called on Zimbabweans to remain calm and ignore alarmist messages by the country's detractors falsely claiming that the country will soon be plunged into basic commodity shortages....Published: 25 Sep 2017 at 08:20hrs | 1 | by Staff reporter
Electronic transfers in Zimbabwe just a big lie - Biti
The electronic money transfer system in Zimbabwe is just a big lie living on borrowed time, it will collapse against the pressure of cash demand, President Biti has said.Addressing a gathering...Published: 01 Sep 2017 at 11:53hrs | | by PDP
Reciting poverty statistics an insult to Zimbabweans
Contradictions, confusion, hypocrisy, incompetence, mediocrity and utter chaos are some of the words that can describe the reign by the current ZANUPF government.Minister Mupfumira's speech re...Published: 20 Jul 2017 at 13:38hrs | | by PDP
New 'bond notes' facility on the cards - Mangudya
THE Reserve Bank of Zimbabwe is on the verge of securing $500 million from international lending institutions which will cover for the country's immediate needs during the foreign currency dry season ...Published: 16 Jul 2017 at 10:58hrs | | by Staff Reporter
State capture must be fought by all patriotic citizens - PDP
Command agriculture a project fronted by Lacoste cartel frontman Mnangagwa is the latest version of state capture in Zimbabwe.Zimbabweans have collectively allowed the mafia to capture the sta...Published: 05 Jul 2017 at 16:05hrs | | by Jacob Mafume - PDP Spokesperson
RBZ bond notes board delays raise eyebrows
Reserve Bank of Zimbabwe (RBZ) governor John Mangudya's failure to appoint an independent board to monitor the bond notes in circulation, will further erode public confidence in the financial system, ...Published: 25 Jun 2017 at 12:28hrs | | by Staff reporter
Chinamasa pledge raises eyebrows
Finance minister Patrick Chinamasa's pledge that the Reserve Bank of Zimbabwe (RBZ) will continue to give exporters incentives under a $200 million African Export-Import Bank (Afrexim Bank) loan schem...Published: 04 Jun 2017 at 20:16hrs | | by Staff reporter
Zim still mending relations with IMF
Deputy Minister of Industry and Commerce Isaac Mabuwa has told parliament that Zimbabwe is engaged in efforts to mend the relations with the International Monitory Fund (IMF).He said it is a p...Published: 19 May 2017 at 06:43hrs | | by Stephen Jakes
Zimdollar return imminent?
If visibility and predictability are two foundations upon which stable financial markets are built, comments from the Reserve Bank of Zimbabwe (RBZ) last week on the adoption of bond notes as ...Published: 17 Apr 2017 at 11:20hrs | 2 | by Staff reporter
Mphoko's Choppies under RBZ surveillance
Vice President Phelekezela Mphoko run Choppies supermarkets are under surveillance by the Reserve Bank of Zimbabwe Financial Intelligence Unit on hoarding cash issues.Also under RBZ rader is&n...Published: 06 Apr 2017 at 17:40hrs | | by Staff Reporter
Top UK official visits Zimbabwe
A top UK envoy began a two-day visit in Zimbabwe on Monday to gauge its progress in its re-engagement with the international community and assess the human rights situation, a rare visit by a top ...Published: 02 Feb 2017 at 18:31hrs | | by Staff reporter
Zimbabwe's bond notes project collapsing
That sooner or later Reserve Bank of Zimbabwe chief John Mangudya's bond notes project would run into problems was a foregone conclusion.The bond notes, which were touted as the panacea to...Published: 27 Jan 2017 at 12:13hrs | | by The Zimbabwe Independent Comment
'Zimbabwe won't print bond notes outside framework'
Finance and Economic Development Minister Patrick Chinamasa has said Government will not print bond notes outside of its framework with the Afrexim Bank as it has a reputation to defend.Sp...Published: 26 Jan 2017 at 05:43hrs | 1 | by Staff reporter
Econet Zimbabwe share prices tumble 10%
ECONET Wireless Zimbabwe shares tumbled 10 percent to 27 cents on Thursday amid panic selling by small shareholders, over concerns surrounding the telecoms company's planned rights issue to raise ...Published: 23 Jan 2017 at 05:49hrs | | by Staff reporter
New Year's message to Zimbabweans by Dr Dabengwa
My fellow countrymen the year 2016 has been a year of great difficulties that started and is ending with political uncertainty and a deteriorating economy, as we have stumbled towards the end of the y...Published: 30 Dec 2016 at 20:54hrs | | by Dr. D. Dabengwa - Zapu President
Zimbabwe won't disclose where bond notes are printed
VICE-PRESIDENT Emmerson Mnangagwa yesterday refused to disclose to Parliament where #bondnotes are being printed, telling MPs to speculate if they want to.Mnangagwa was responding to a que...Published: 01 Dec 2016 at 04:58hrs | 2 | by Staff reporter
Bond notes security features will not be disclosed, for now
THE Reserve Bank of Zimbabwe (RBZ) says it will not disclose the features of the bond notes until they officially start circulating in the market next week.RBZ Governor Dr John Mangudya sa...Published: 23 Nov 2016 at 05:34hrs | | by Staff reporter
Taxpayers and the youth will get a government they deserve in 2018
Are we truly equal to exercise the democratic right to vote and in determining government policy? The answer to that is clearly that we are not. It is judicious in the Zimbabwean context to opine ...Published: 14 Nov 2016 at 11:53hrs | 1 | by Brian Sedze
Mnangagwa speaks on bond notes
VICE President Emmerson Mnangagwa says Government may come up with a policy that bond notes be exclusively used for certain transactions as a way of encouraging their usage while at the same time ...Published: 02 Nov 2016 at 09:09hrs | 1 | by Staff reporter
Zimbabweans agonise over bond notes
Despite central bank governor John Mangudya's best efforts to assure wary Zimbabweans that the introduction of the country's much-distrusted bond notes next month would only do the dying local eco...Published: 18 Sep 2016 at 15:57hrs | | by Staff reporter
Zesa corruption scandal deepens, Wicknell Chivayo involved
CORRUPTION-RIDDEN Zimbabwe Electricity Supply Authority (Zesa) is embroiled in a fresh tender scandal in which convicted fraudster Wicknell Chivayo was awarded another US$113 million deal on top his s...Published: 19 Aug 2016 at 08:20hrs | 46 | by Staff reporter
Joint statement by MDC-T and PDP on the IMF Visit
Only substantive political and economic reforms can save Zimbabwe Professor Erik Reinert, a well-known developmental economist, in his book titled-How t...Published: 16 Jun 2016 at 06:37hrs | | by Vince Musewe and Dr Tapiwa Mashakada
Retailers give thumbs up bond notes
THE Confederation of Zimbabwe Retailers (CZR) says the introduction of bond notes will enhance business operations and ease foreign exchange pressures.Reserve Bank of Zimbabwe (RBZ) governor J...Published: 27 May 2016 at 06:35hrs | | by Bianca Mlilo
Bond notes bring bliss to Chinamasa
FINANCE and Economic Development Minister Patrick Chinamasa has said he used to have sleepless nights over the economy but now can sleep soundly with the impending introduction of bond notes. ...Published: 13 May 2016 at 06:50hrs | | by Pamela Shumba
Zim dollar fears allayed
THE Ministry of Finance and Economic Development has reassured the nation that the government is not re-introducing the Zimbabwean dollar through the bond notes.The Governor of the Reserve Ban...Published: 10 May 2016 at 07:17hrs | | by Lovemore Zigara
Failed Zanu PF government reintroduces Zim dollar
The cash-strapped ZANU-PF government has finally succumbed to its inevitable failure and has predictably decided to re-introduce the Zimbabwe dollar in the midst of an unprecedended liquidity crisis i...Published: 05 May 2016 at 10:10hrs | | by Dr Tapiwa Mashakada, MDC-T Shadow Minister of Finance
Zimbabwe Defence ministry, Chinese at loggerheads
A rift has developed between the Ministry of Defence ministry and a Chinese investor over a multi-million dollar shopping mall after the army unilaterally used the property as collateral to secure a U...Published: 08 Jan 2016 at 06:52hrs | 3 | by Staff reporter
Zimbabwe bond coin vexing the masses
THERE are conversations that we are not having concerning our more mundane economic realities in Zimbabwe. I boarded a commuter omnibus, commonly referred to as a "kombi" in our country.An eld...Published: 30 Oct 2015 at 14:20hrs | | by Takura Zhangazha
MDC-T: Remarks on the RBZ Monetary policy statement
The monetary policy statement by the Reserve Bank Governor smacks of a neo-liberal agenda as among other measures it seeks to cause a general wage freeze in Zimbabwe at a time when minimum wages are f...Published: 14 Feb 2015 at 14:28hrs | | by Staff Reporter
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