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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 | 1452 | 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 | 112 | by Staff reporter
Mthuli Ncube engages US over reforms, Zidera
Finance and Economic Development Minister Professor Mthuli Ncube is set to leave for the United States of America next month to apprise that country's government officials on positive developments the...Published: 10 Feb 2019 at 05:42hrs | 547 | by Staff reporter
UK withdraws support for Zimbabwe's debt clearance plan
Britain will not support Zimbabwe's debt clearance plan over "sickening" human rights violations seen over the past weeks, the Minister for Africa Harriet Baldwin said Tuesday.Finance Minister...Published: 09 Feb 2019 at 20:13hrs | 4362 | by NewzWire.live
Mthuli Ncube meets IMF team
Finance and Economic Development Minister Professor Mthuli Ncube yesterday held "very open" conversations with a team from the International Monetary Fund (IMF), which is in the country to discuss a r...Published: 08 Feb 2019 at 08:37hrs | 564 | by Staff reporter
Zimbabwe on course to clear debts
Zimbabwe is on course to clear obligations to international financial institutions (IFIs), with the Government already in talks with creditors over bridging finance to settle the debts, Finance and Ec...Published: 08 Feb 2019 at 08:31hrs | 173 | by Staff reporter
UK backtracks on Zimbabwe support
THE United Kingdom (UK) says it may not back Zimbabwe's arrears clearance appeals with the international community following violent crackdowns in response to the recent fuel protests. UK's foreign se...Published: 07 Feb 2019 at 10:32hrs | 3452 | by Staff reporter
Zimbabwe, SA in financial package talks
ZIMBABWE and South Africa are still locked in crucial talks over a financial package for Harare to help the country clear its arrears to international financial institutions, Finance Minister Professo...Published: 27 Jan 2019 at 11:02hrs | 13123 | by Staff Reporter
Zimbabwe needs peace to develop: IMF
THE International Monetary Fund (IMF) has called for peace in Zimbabwe urging stakeholders to work on developing and implementing policies that will stabilise the economy and promote sustainable and i...Published: 21 Jan 2019 at 08:26hrs | 213 | by Staff reporter
'Zimbabwe's economy to grow by 4,2%,' says AfDB
THE African Development Bank (AfDB) projects Zimbabwe's economy to grow by 4,2% this year before rising to 4,4% in 2020 underpinned by growth in the mining and agricultural sectors along with fiscal c...Published: 20 Jan 2019 at 09:27hrs | 239 | by Staff reporter
AfDB urges reforms to improve Zimbabwe business climate
DEEP structural reforms such as transparency in the mining sector and respect for property rights could improve Zimbabwe's business climate, attract private investment and see the return of skilled la...Published: 06 Jan 2019 at 10:10hrs | 456 | by Staff reporter
Zimbabwe worse than Africa as a whole on SDGs: AfDB
ZIMBABWE has performed worse than Africa as a whole on almost all sustainable development goal (SDG) outcome indicators such as health and education, the African Development Bank Group (AfDB) has said...Published: 04 Jan 2019 at 09:22hrs | 812 | by Staff reporter
Zimbabwe makes huge saving on energy
Zimbabwe's energy import bill has dropped to about $1,2 million monthly from at least $48 million as efforts to invest in local electricity generation to underpin the envisaged economic growth begin t...Published: 30 Dec 2018 at 10:20hrs | 1315 | by Staff reporter
Zimbabwe saves fortune on energy bill
Zimbabwe's energy import bill has dropped to about $1,2 million monthly from at least $48 million as efforts to invest in local electricity generation to underpin the envisaged economic growth begin t...Published: 30 Dec 2018 at 09:35hrs | 262 | by Staff Reporter
Mthuli Ncube engages diplomats on reforms
ZIMBABWE'S international re-engagement programme and debt clearance plan are facing renewed headwinds with the United States government maintaining a hardline stance, insisting on tangible reforms, wh...Published: 22 Dec 2018 at 18:46hrs | 327 | by Staff reporter
Mthuli Ncube calls doctors' demands 'nonsensical'
Finance minister has rubbished the Doctors proposal for their salaries to be paid in USD saying government has no source of those USD dollars.Speaking after the signing ceremony wh...Published: 17 Dec 2018 at 18:26hrs | 5380 | by Collen Ncube
Mnangagwa's diplomatic offensive off the rails
LAST week's damning testimonies in the United States senate on the human rights situation in Zimbabwe have thrown President Emmerson Mnangagwa's international re-engagement agenda off balance, as Wash...Published: 14 Dec 2018 at 06:32hrs | 2914 | by Staff reporter
Mapfumo must embrace a spirit of patriotism
It's a shame to know that Thomas Mapfumo a Zimbabwean and an American based songwriter and singer utters that the New Dispensation should practice good governance before they call for the removal of e...Published: 04 Dec 2018 at 14:03hrs | 1989 | by Rudo Saungweme
Zimbabwe seeks funds to improve power infrastructure
Zimbabwe requires $1,2 billion to finance new power projects and repair ageing infrastructure, a report by the African Development Bank (AfDB) has shown.Several of the country's thermal power ...Published: 02 Dec 2018 at 10:30hrs | 398 | by Staff reporter
Zimbabwe to clear IFI arrears by November 2019
Zimbabwe has set a November 2019 deadline to clear nearly $2 billion arrears owed to the World Bank and the African Development Bank as the southern African nation reengages with international financi...Published: 01 Dec 2018 at 15:02hrs | 2302 | by Staff reporter
From land-locked to land-linked economy
This week I share my thoughts on changing Zimbabwe from being a land-locked country into a land-linked economy.This subject, among other things, addresses country and regional infrastructural ...Published: 25 Nov 2018 at 08:06hrs | 306 | by President Emmerson D. Mnangagwa
US, China firms back Batoka project
President Emmerson Mnangagwa will next week meet representatives of major multinationals General Electric and PowerChina in a milestone indaba that will set the tone for construction of the massive Ba...Published: 25 Nov 2018 at 08:04hrs | 985 | by Staff reporter
More than $5 billion required for Zimbabwe roads rehabilitation
THE Government requires more than $5 billion to rehabilitate the country's entire road network with more than $250 million having been availed to the department of roads as work on re-establishing tra...Published: 18 Nov 2018 at 08:14hrs | 673 | by Staff reporter
A human life over debt arrears
ON Saturday, Chalton Hwende, deputy treasurer-general of the MDC Alliance confirmed an attempted abduction of the party's president, Nelson Chamisa after a 'thank you' rally for their supporters at Ru...Published: 13 Nov 2018 at 05:56hrs | 435 | by Pearl Matibe
Zimbabwe's economic recovery is possible but whilst the country remains a pariah state, it is IMPOSSIBLE!
"AfDB President, Akinwumi Adesina, told journalists in Johannesburg this week that while Zimbabwe is making progress, its economy and relations with lenders are still a way from being repaired," repor...Published: 12 Nov 2018 at 06:46hrs | 1264 | by Nomusa Garikai
Mthuli Ncube tax evokes memories of 2008 crisis in Zimbabwe
When Zimbabwean President Emmerson Mnangagwa appointed a comparatively youthful, Cambridge-trained economist as finance minister in September, he gave him an almost impossible task: repay billions of ...Published: 11 Nov 2018 at 10:25hrs | 1157 | by Bloomberg
'2019 budget deficit will be 4% of GDP'
FINANCE minister Mthuli Ncube has indicated that the 2019 national budget would reduce budget deficit to 4% of gross domestic product (GDP) in 2019, and subsequently to 2,4% in the following year....Published: 10 Nov 2018 at 11:04hrs | 1495 | by Staff reporter
Zimbabwe's quest for debt forgiveness thrown out
Zimbabwe's quest to pursue the Highly Indebted Poor Countries (HIPC) debt forgiveness option has been thrown into disarray amid resistance from the United States and government's decision to rebase th...Published: 28 Oct 2018 at 21:18hrs | 2248 | by Staff reporter
G7 nations ready to bail out Harare
Zimbabwe is expected to secure funding assistance from bilateral partners within the Group of 7 (G7) wealthiest countries to clear its $2,1 billion arrears to the African Development Bank (AfDB) and W...Published: 26 Oct 2018 at 08:17hrs | 3566 | by Staff reporter
'Mthuli Ncube to clear WB, IMF debt in 12 months'
ZIMBABWE plans to clear its arrears with the African Development Bank (AfDB) and World Bank in the next 12 months, with support from an unnamed creditor country, Finance minister Mthuli Ncube has said...Published: 22 Oct 2018 at 06:32hrs | 885 | by Staff reporter
Mthuli Ncube not going back on austerity measures
FINANCE and Economic Development Minister Professor Mthuli Ncube, who is 42 days into his new job, says it is only fair to judge him after six months, adding that he expects the benefits of austerity ...Published: 21 Oct 2018 at 09:40hrs | 255 | by Staff reporter
Mthuli Ncube to clear $2 billion debt arrears in 12 months
FINANCE minister Mthuli Ncube has said Zimbabwe is looking to clear its $2 billion arrears with the World Bank and African Development Bank in the next 12 months.In an interview with Reuters n...Published: 20 Oct 2018 at 08:28hrs | 1086 | by newzimbabwe
Zimbabwean economy reflects state of governance
IN 2015, I argued that the economy was Zanu-PF's most virulent opposition.The 2016 introduction of bond notes pegged to the US dollar saw the emergence of a parallel market for foreign exchang...Published: 12 Oct 2018 at 13:47hrs | 3236 | by Brian Kagoro
Mthuli Ncube seeks IMF's economic supervised plan
Zimbabwe has invited the IMF to undertake a supervised economic reform plan as it moves to implement reforms and complete the Lima arrears clearance plan agreed in 2015. Under the Lima plan Zi...Published: 12 Oct 2018 at 07:36hrs | 3838 | by Staff reporter
Mnangagwa backs Mthuli Ncube on 2% tax
PRESIDENT Mnangagwa yesterday said the Intermediary Money Transfer Tax of 2 cents will remain in force as it is critical in transforming the economy, which has suffered from two decades of stagnation....Published: 09 Oct 2018 at 07:17hrs | 1060 | by Staff reporter
Mnangagwa says there is no need to panic
PRESIDENT Emmerson Mnangagwa has guaranteed the nation of the availability of all essential commodities, including fuel, saying there is no need for panic buying as Government has stepped up efforts t...Published: 09 Oct 2018 at 06:46hrs | 1938 | by Staff reporter
No going back on 2% tax, says Mnangagwa
President Mnangagwa yesterday said the Intermediary Money Transfer Tax of 2 cents will remain in force as it is critical in transforming the economy, which has suffered from two decades of stagnation....Published: 09 Oct 2018 at 06:40hrs | 1130 | by Staff reporter
BCC deals with 542 burst water pipes out of 1015 reported
Bulawayo City Council in August dealt with 542 reports of water pipes burst out of the 1015 reported cases.This is revealed in the council's latest minutes."In the month of August 2018...Published: 05 Oct 2018 at 08:57hrs | 548 | by Stephen Jakes
Biti attacks outgoing UK envoy
OUTGOING British ambassador to Zimbabwe, Catriona Laing was a card-carrying member of Zanu PF, who had no right to the diplomatic title, opposition MDC Alliance deputy chairperson Tendai Biti has sens...Published: 01 Oct 2018 at 07:02hrs | 3079 | by Staff reporter
RBZ to address prices, forex woes
The monetary policy to be announced by Reserve Bank of Zimbabwe Governor Dr John Mangudya today is expected to proffer solutions to prices that have been going up and announce measures to create finan...Published: 01 Oct 2018 at 06:37hrs | 748 | by Staff reporter
Mthuli Ncube's ambitious plans
ZIMBABWE'S Finance minister Mthuli Ncube has ambitious plans of floating a Eurobond on the international debt market but he will have to put them on hold until he hammers out an elaborate schedule to ...Published: 29 Sep 2018 at 13:10hrs | 4064 | by Staff reporter
AfDB begins to secure $4bn for Batoka development
THE African Development Bank (AfDB) has begun implementation of a resource mobilisation plan to secure an estimated $4 billion for the development of the 2 400 megawatts Batoka Gorge Hydro Electricity...Published: 27 Sep 2018 at 06:57hrs | 509 | by Staff reporter
Mnangagwa's Chamisa deal must be the start of political reforms
PHILIPPE Van Damme, the European Union head of delegation until August this year, was a straight shooter, who did not hold back in his assessment of what he saw as the problems facing Zimbabwe, a trai...Published: 26 Sep 2018 at 07:12hrs | 905 | by Editorial - newsday
Rigging an election is something and jigging economics is the other - Biti
MDC Alliance Principal Tendai Biti has warned that rigging of an election is something else while jigging the economy is something else which is not easy to achieve.The remarks are in referenc...Published: 25 Sep 2018 at 10:02hrs | 4066 | by Stephen Jakes
American investors express massive interest in Zimbabwe
Having long written off Zimbabwe as one of the world's least appealing economies, international investors are beginning to show signs of interest in Zimbabwe, newly appointed Finance minister Mthuli N...Published: 23 Sep 2018 at 14:21hrs | 1464 | by Staff reporter
Mthuli Ncube wants 'fiscal shock'
Newly-appointed Finance minister Mthuli Ncube would like to employ a "big bang" economic reform programme to the battered economy where unemployment is running above 80%, but recognises politics will ...Published: 23 Sep 2018 at 08:58hrs | 965 | by Staff reporter
Mthuli Ncube sweats over funding
NEWLY-MINTED Finance minister Mthuli Ncube this week set sail for the United States, together with President Emmerson Mnangagwa, for the United Nations General Assembly in New York where he will engag...Published: 21 Sep 2018 at 14:46hrs | 7355 | by Staff reporter
'Seek ye first the political kingdom' advised Dr Nkrumah. We did not and have paid dearly for our folly
"Seek ye first the political kingdom and all else shall be added unto you," said Dr Kwame Nkrumah, the first President of Independent Ghana. After 38 years of blundering from pillar to post wh...Published: 19 Sep 2018 at 22:16hrs | 400 | by Patrick Guramatunhu
UK to support Zimbabwe IMF programme
Britain will support Zimbabwe to get on an interim IMF staff programme to help the country quickly clear its foreign arrears, Britain's ambassador in Harare said on Tuesday. Clearing the $1.8 ...Published: 19 Sep 2018 at 07:37hrs | 4182 | by Staff reporter
Zimbabwe economy on the mend
Zimbabweans have entered the most anxious week. The new cabinet flew into a cholera crisis and from nowhere prices sky rocketed and rates came to obnoxious stinking levels. Mthuli Ncube's first week i...Published: 18 Sep 2018 at 07:32hrs | 2916 | by Dr Masimba Mavaza
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