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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 | 1435 | 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 | 1541 | 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 | 319 | 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 $1 a unit.Zesa is seeking Government approval for customers to pay...Published: 26 Jul 2019 at 09:02hrs | 4492 | by Staff reporter
Mthuli Ncube was also surprised
It's almost a year since Finance minister Mthuli Ncube was appointed by President Emmerson Mnangagwa to help turn around an economy weighed down by decades of ruinous policies.In the 10 months...Published: 14 Jul 2019 at 15:01hrs | 13808 | by Staff reporter
Shambles rock Zimbabwe govt over domestic debt
GOVERNMENT is guesstimating the real domestic debt figure despite announcing that it settled a significant portion of it last week as chaos continues to characterise official communication on the stat...Published: 12 Jul 2019 at 09:20hrs | 474 | by Staff reporter
US$ 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 | 1077 | 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 | 1782 | 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 | 1035 | 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 | 440 | 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 | 1311 | 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 | 5722 | 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 | 456 | 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 | 10372 | 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 | 939 | 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 | 703 | 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 | 1683 | 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 | 2366 | 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 | 2367 | 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 | 461 | 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 | 1382 | 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 | 13029 | 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 | 1535 | 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 | 2245 | 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 | 3525 | 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 | 7869 | 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 | 2758 | 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 | 2066 | 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 | 2503 | 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 | 1530 | 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 | 139 | 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 | 586 | 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 | 4421 | 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 | 586 | 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 | 183 | 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 | 3482 | 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 | 13445 | 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 | 216 | 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 | 247 | 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 | 517 | 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 | 870 | 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 | 1351 | 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 | 268 | 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 | 331 | 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 | 5394 | 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 | 2934 | 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 | 2006 | 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 | 417 | 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 | 2523 | by Staff reporter
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