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Zimbabwe: African Development Bank Executive Directors conduct consultative mission, tour project sites
HARARE - A seven-member delegation of Executive Directors of the African Development Bank (www.AfDB.org) visited Zimbabwe on a week-long fact-finding mission where they held meetings with a number of ...Published: 15 hrs ago | 244 | by APO
AU insists on Zimbabwe sanctions removal
African Union Commission, deputy commissioner Mr Kwesi Quartey has called for the removal of sanctions imposed on Zimbabwe by United States and its allies, saying they were negatively impacting on the...Published: 25 Feb 2020 at 06:31hrs | 169 | by Staff reporter
PPPs ideal for self-financing infrastructure projects
The state of public infrastructure in Zimbabwe is now deplorable due to several years of neglect and underinvestment. The country's infrastructure gap in railway, roads, energy, sports facilities, bor...Published: 24 Feb 2020 at 13:24hrs | 515 | by Victor Bhoroma
AirZim receives new Boeing 777 from Malaysia
AIR ZIMBABWE has received a new plane Boeing B777 in a development that is part of the government's ongoing plans to resuscitate the airline. Three more planes are set to arrive in the following weeks...Published: 20 Jan 2020 at 16:53hrs | 6740 | by Staff Reporter
Mthuli Ncube sticks to his guns
Finance and Economic Development Minister Professor Mthuli Ncube has stuck to his guns, maintaining that the country is going to achieve 3 percent economic growth for 2020 in the face of independent f...Published: 19 Jan 2020 at 05:33hrs | 2140 | by Staff reporter
'Mnangagwa's Zimbabwe needs US$16bn'
ZIMBABWE needs an estimated US$16 billion for infrastructural development as well as supporting governance and other institutional reforms as the country moves towards achieving an upper middle-income...Published: 17 Jan 2020 at 06:09hrs | 215 | by Staff reporter
'Debt forgiveness crucial for Zimbabwe'
AS the country's central bank and treasury chiefs head to the forthcoming World Economic Forum in Davos, Switzerland next week, Imara Asset Management (Imara) says the country is in desperate need of ...Published: 17 Jan 2020 at 05:54hrs | 62 | by Staff reporter
AfDB gives thumbs-up to Mnangagwa reforms
Through the ongoing economic reforms, Zimbabwe is on the right path. ln addition, the country has the potential to wiggle out of the current storms, Africa Development Bank (AfDB) country manager Mr D...Published: 13 Jan 2020 at 06:48hrs | 10160 | by Staff Reporter
AfDB to upgrade Zimra audit software
Government is working with its strategic partners to improve its capacity to collect revenue, use and account for it, cent-by-cent. In one of the steps to achieve this, a $11,6 million program...Published: 10 Jan 2020 at 09:25hrs | 461 | by Staff Reporter
SA firm repairing aged sewer system in Bulawayo
SOUTH African firm is repairing aged sewage pipes in Bulawayo after it was recently granted a tender by the city.The firm Cesor Trading Private Limited is replacing old pipes in Pumula, ...Published: 02 Jan 2020 at 09:51hrs | 2512 | by Stephen Jakes
Zimbabwe's civil aviation infrastructure needs heavy rehabilitation
ZIMBABWE'S civil aviation infrastructure needs heavy rehabilitation and regular maintenance if the southern African nation is to attract international airlines and grow the tourism industry, African B...Published: 26 Nov 2019 at 07:28hrs | 185 | by Staff reporter
Hlalani Kuhle houses still without water connections
MORE than 90 percent of houses under Bulawayo's Cowdray Park Hlalani Kuhle suburb are still without water connections despite the local authority having completed water reticulation to the suburb....Published: 24 Nov 2019 at 17:20hrs | 151 | by Staff reporter
AfDB advises government on Air Zimbabwe
INSOLVENT national flag carrier Air Zimbabwe must focus its efforts on optimising routes to reduce operating costs and replace aging, high cost planes used on domestic routes with smaller planes that ...Published: 24 Nov 2019 at 14:39hrs | 102 | by Staff reporter
Sanctions on Zimbabwe - Not as simple as many think
IF one wishes to understand the issue of Western sanctions on Zimbabwe, they first have to stop thinking in binary terms by assuming that the restrictive measures affect only a few people, or that the...Published: 08 Nov 2019 at 05:16hrs | 936 | by Zechariah Mushawatu
Zimbabwe details sanctions impact on health
Illegal sanctions imposed on Zimbabwe by Western countries must be removed as they are not targeted but are affecting ordinary people, Health and Child Care Minister Dr Obadiah Moyo has said. In an in...Published: 18 Oct 2019 at 04:04hrs | 44 | by Staff reporter
Civic society launches door-to-door campaign
Civic Society and Churches Joint Forum (CSCJF) has launched a nationwide door-to-door community awareness programme to educate Zimbabweans on how Western sanctions are affecting the economy. C...Published: 18 Oct 2019 at 03:53hrs | 82 | by Staff reporter
Bulawayo gets US$34 million for service delivery
GOVERNMENT has allocated US$34 million and ZWL$18 million to the City of Bulawayo to improve service delivery.This was revealed by Bulawayo Metropolitan Affairs minister Judith Ncube while add...Published: 07 Oct 2019 at 09:45hrs | 2670 | by Staff reporter
French firms clinch $54 million Kariba rehabilitation deal
A FRENCH consortium recently clinched a $53.6 million deal to rehabilitate Kariba hydroelectric dam's spillway.The dam supplies electricity to Zimbabwe and Zambia and the project will help ens...Published: 05 Oct 2019 at 06:01hrs | 35 | by Staff reporter
Zimbabwe plans talks on foreign debt arrears in early 2020, says Mthuli Ncube
Zimbabwe plans to start talks in early 2020 on clearing arrears on its international debt, Finance Minister Mthuli Ncube said, as it seeks to rebuild confidence in an economy ravaged by high inflation...Published: 05 Sep 2019 at 09:13hrs | 1456 | by Reuters
Mnangagwa happy with US-Zimbabwe dialogue
PRESIDENT Mnangagwa said yesterday he was happy with the pace of ongoing dialogue with United States President Donald Trump, which is aimed at bringing an end to illegal and ruinous economic sanctions...Published: 05 Sep 2019 at 08:18hrs | 1550 | by Staff reporter
Zimbabwe eyes US$2bn from G7 nations
Zimbabwe will borrow US$1,9 billion from the Group of 7 industrialised nations to clear debts to the African Development Bank (AfDB) and World Bank, Finance and Economic Development Minister Mthuli Nc...Published: 19 Aug 2019 at 07:35hrs | 326 | by Staff reporter
Zesa seeks 9-fold tariff hike
Zesa wants to convert its old 9,83 cent kilowatt hour to RTGS dollars at the interbank rate, a near 9-fold increase to almost $1 a unit.Zesa is seeking Government approval for customers to pay...Published: 26 Jul 2019 at 09:02hrs | 4524 | by Staff reporter
Mthuli Ncube was also surprised
It's almost a year since Finance minister Mthuli Ncube was appointed by President Emmerson Mnangagwa to help turn around an economy weighed down by decades of ruinous policies.In the 10 months...Published: 14 Jul 2019 at 15:01hrs | 13859 | by Staff reporter
Shambles rock Zimbabwe govt over domestic debt
GOVERNMENT is guesstimating the real domestic debt figure despite announcing that it settled a significant portion of it last week as chaos continues to characterise official communication on the stat...Published: 12 Jul 2019 at 09:20hrs | 451 | by Staff reporter
US$ as deity in Zimbabwe
THE Zimbabwean government recently did the unfathomable, at least according to social media pundits, some civil society organisations, unions and influential urbanites. It arbitrarily and abruptly re-...Published: 28 Jun 2019 at 06:22hrs | 1083 | by Takura Zhangazha
Principles on new currency in place
Government is working on modalities to introduce a new currency, which will be the sole legal tender for domestic transactions as fundamentals have now been put in place, President Mnangagwa has said....Published: 22 Jun 2019 at 01:15hrs | 1791 | by Staff reporter
Mthuli Ncube's speech to AfDB boards of governors - Fulltext
Speech by the minister of finance and economic development, Hon. Prof. Mthuli Ncube during the 2019 annual meetings of the boards of governors of the African Development Bank Group: Malabo, Republic o...Published: 16 Jun 2019 at 20:03hrs | 1102 | by Mthuli NCube
WATCH: Mthuli Ncube confirms developmental cooperation policy for Zimbabwe
Zimbabwe will soon be introducing a developmental cooperation policy that seeks to ensure that the current re-engagement efforts with the international community, global financiers and partners yield ...Published: 16 Jun 2019 at 19:57hrs | 451 | by Stafff rporter
Mthuli Ncube targets price stabilisation
Government's fiscal consolidation measures and other initiatives introduced into Zimbabwe's economic programmes should see prices of goods starting to drop from next month, Finance and Economic Develo...Published: 14 Jun 2019 at 07:48hrs | 1327 | by Staff reporter
AfDB boost for Mthuli Ncube
FINANCE and Economic Development Minister Professor Mthuli Ncube has said the African Development Bank (AfDB) board has endorsed Zimbabwe's reform agenda under the Transitional Stabilisation Programme...Published: 12 Jun 2019 at 07:00hrs | 5731 | by Staff reporter
Mthuli Ncube on course to clear Zimbabwe's AFDB debt
ZIMBABWE is on course to clear its US$605 million debt to the African Development Bank (AfDB), which will allow the country to start accessing funds from the bank beginning early next year, the Minist...Published: 12 Jun 2019 at 06:52hrs | 443 | by Staff reporter
ZANU PF deploys Mthuli Ncube in Lupane?
The ruling ZANU PF party is reportedly planning to deploy Finance Minister Mthuli Ncube to stand as a ZANU PF candidate in the oncoming Lupane East by elections. President Emmerson Mnangagwa h...Published: 04 Jun 2019 at 13:32hrs | 10386 | by Mandla Ndlovu
Zimbabwe leather and tanning industry need to meet international standards to penetrate Global markets
The ZimTrade - PUM Leather Tanneries Seminar workshop which took place on the 20th - 21th May 2019 in Bulawayo demonstrated sigh of relief to local players in leather industry as they rubbed shoulders...Published: 24 May 2019 at 14:44hrs | 1063 | by Enos Denhere
Seven things to consider when transacting in Africa
1. Accept the uncertainty and gather knowledgeInvestors in Africa must consider geo-political and economic uncertainty on the continent as well as a ple...Published: 21 May 2019 at 16:26hrs | 667 | by Morne van der Merwe, Managing Partner, and Wildu du Plessis, Head of Africa at global law firm Baker McKenzie in Johannesburg
Major Matabeleland roads under reconstruction
THE multi-million dollar road infrastructure development programme undertaken by the Government has moved a gear up with work on the Bulawayo-Nkayi Road and Bulawayo-Tsholotsho Road now underway, amon...Published: 19 May 2019 at 09:13hrs | 1743 | by Staff reporter
Mnangagwa's govt in new US$5bn funding negotiations
A UNITED Kingdom-based international financial consultancy firm, ICG Capital and Finance Corps Limited — in partnership with five top-tier United States banks — has tabled a US$5 billion debt rest...Published: 03 May 2019 at 07:21hrs | 2376 | by Staff reporter
Land compensation and IMF re-engagement: A legacy of an Anti-poor government.
The full import of Mnangagwa's Zimbabwe is open for business mantra is now being painfully realized by the working class of Zimbabwe. Salaries of the workers have been eroded, the majority of our popu...Published: 21 Apr 2019 at 20:10hrs | 2354 | by Obert Masaraure
'IMF to speed up Zimbabwe engagements'
The International Monetary Fund (IMF) says it will speed up implementation of a Staff-Monitored Programme (SMP) with Zimbabwe in order to protect vulnerable communities in the wake of Cyclone Idai whi...Published: 16 Apr 2019 at 06:52hrs | 431 | by Staff reporter
'2 more years for austerity measures to start bearing fruit'
FINANCE Minister Mthuli Ncube says Zimbabweans shall have to wait for two years to start feeling any positive impact of his controversial austerity measures he introduced late last year."I thi...Published: 06 Apr 2019 at 07:58hrs | 1389 | by newzimbabwe
Mnangagwa warned
The government should expedite payment of its external debt owed to the World Bank, AfDB and other multilateral lenders or face further economic decline, a leading expert has said. Stephen Cha...Published: 29 Mar 2019 at 06:30hrs | 13036 | by Staff reporter
IMF mission to visit Zimbabwe next week
An IMF mission is expected in Zimbabwe next week to hold discussions with the government on the country's debt clearance strategy and the possibility of yet another Staff-Monitored Programme, George G...Published: 28 Mar 2019 at 07:50hrs | 1541 | by Staff reporter
South Africa to monitor Zimbabwe's economic affairs
IN an unprecedented move, Zimbabwe has agreed to allow South Africa - the continent's most developed economy and powerhouse - to sit in official Ministry of Finance meetings to oversee Harare's debt c...Published: 15 Mar 2019 at 17:15hrs | 2256 | by Staff reporter
SA to sit in next critical Zimbabwe Treasury meetings
IN an unprecedented move, Zimbabwe has agreed to allow South Africa - the continent's most developed economy and powerhouse - to sit in official Ministry of Finance meetings to oversee Harare's debt c...Published: 15 Mar 2019 at 06:24hrs | 3504 | by Staff reporter
Tendai Biti's mischief exposed
The recent summoning of the Reserve Bank Governor, Dr John Mangudya, to appear before the Parliamentary Public Account Portfolio Committee (PAC) has exposed Tendai Biti, the Committee Chairman of usin...Published: 12 Mar 2019 at 22:29hrs | 7888 | by Staff reporter
Zimbabwe's Casino Economy: Extraordinary Measures for Extraordinary Challenges by Gideon Gono
The paperback novel written by Gideon Gono, revolves around the issues regarding his position as the Governor of the Reserve Bank of Zimbabwe and the opportunity Gono had to serve his president and th...Published: 11 Mar 2019 at 09:45hrs | 2842 | by Joe K
Mthuli Ncube makes frantic efforts to charm US
Finance minister Mthuli Ncube is this week making frantic efforts to warm up relations with multilateral creditors as Zimbabwe continues its search for US$1,2 billion to clear World Bank arrears despi...Published: 08 Mar 2019 at 14:15hrs | 2044 | by Staff reporter
Mthuli Ncube hits brick wall on debt clearance plan
FINANCE minister Mthuli Ncube is struggling to nail down the debt clearance roadmap which has been on the table since 2015 to clear urgent US$2,3 billion in arrears before securing game changing new f...Published: 08 Mar 2019 at 10:22hrs | 2507 | by Staff reporter
AfDB team to visit Zimbabwe next month
An African Development Bank (AfDB) team will next month visit Zimbabwe for talks with the government over debt clearance systems and possibilities of further private sector loans.This was conf...Published: 24 Feb 2019 at 22:33hrs | 711 | by Staff reporter
Power to empower ...how energy projects are brightening Zimbabwe economic prospects - Mthuli Ncube
In today's world, energy has revolutionised all of our lifestyles. From the palm of our hands we have instruments more powerful than the largest and most sophisticated computers from just a few ...Published: 14 Feb 2019 at 18:24hrs | 1536 | by Hon. Prof. Mthuli Ncube
Zanu-PF feeds Govt economic drive
The ruling party last December held its Annual People's Conference in Esigodini where a number of resolutions that centre on the economy were passed.But over and above the resolutions, we had ...Published: 10 Feb 2019 at 05:49hrs | 151 | by Staff reporter
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