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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: 2 hrs ago | 101 | 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 | 421 | 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 | 1194 | 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 | 1134 | 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 | 1477 | 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 | 2193 | 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 | 3562 | 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 | 874 | 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 | 254 | 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 | 1084 | 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 | 3208 | 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 | 3821 | 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 | 1055 | 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 | 1935 | 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 | 1126 | 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 | 491 | 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 | 3061 | 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 | 720 | 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 | 4017 | 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 | 476 | 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 | 901 | 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 | 4058 | 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 | 1455 | 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 | 962 | 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 | 7330 | 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 | 382 | 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 | 4080 | 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 | 2895 | by Dr Masimba Mavaza
Mthuli Ncube's five big challenges
NEWLY-APPOINTED Finance and Economic Development minister Mthuli Ncube faces the unenviable task of navigating Zimbabwe's stuttering economy through serious challenges and will need to make tough deci...Published: 16 Sep 2018 at 09:11hrs | 3636 | by Staff reporter
Mthuli Ncube gets shock reality check
NEWLY-appointed Finance minister Mthuli Ncube - who arrived in the country from Switzerland early this week amid a populist storm and blaze of publicity on how to fix Zimbabwe's critically broken econ...Published: 14 Sep 2018 at 16:27hrs | 13202 | by Staff reporter
Mnangagwa's new cabinet an average team
THE cabinet appointed by President Emmerson Mnangagwa last week dubbed the "dream team" by government publicists, though a marked improvement from previous ones, has shortcomings as it features minist...Published: 14 Sep 2018 at 16:23hrs | 1589 | by Staff reporter
Mnangagwa has changed Zanu-PF into a fresh new-look organisation
Political analysts say President Emmerson Mnangagwa's new Cabinet - in which he dumped both friends and foes alike on Friday last week - demonstrates that he is determined to reset the government's co...Published: 12 Sep 2018 at 20:01hrs | 5230 | by Staff reporter
'RBZ should complement Mthuli Ncube'
Analysts yesterday called on Reserve Bank of Zimbabwe governor John Mangudya and his team to work in tandem with new Finance and Economic Development minister Mthuli Ncube efforts to help arrest econo...Published: 12 Sep 2018 at 07:35hrs | 1995 | by Staff reporter
Jonathan Moyo warns Minister Mthuli Ncube
Self-exiled former cabinet minister Professor Jonathan Moyo has advised new Minister of Finance, Professor Mthuli Ncube to join the ruling Zanu-PF party in order to get political clout. He also advise...Published: 11 Sep 2018 at 09:28hrs | 10357 | by Sithabile Mafu
Building an effective public service in Zimbabwe
PUBLIC financial resources ought to be managed with integrity, transparency and accountability, all for efficient and effective service delivery, sustainable economic growth and development.Ab...Published: 11 Sep 2018 at 07:12hrs | 765 | by Mthuli Ncube
Mthuli Ncube gets whole of Zimbabwe talking
AT last, the long-awaited Cabinet is here. And it's full of shocks and surprises, with heavyweights falling by the wayside and lightweights making it to the much leaner list of President Emmerson Mnan...Published: 10 Sep 2018 at 06:49hrs | 1859 | by Editorial - newsday
Mnangagwa's new Cabinet raises Zimbabwe hopes
President Emmerson Mnangagwa's new Cabinet has raised fresh hopes among long-suffering Zimbabweans that his administration could finally end the misery and despondency that characterised life under fo...Published: 09 Sep 2018 at 17:19hrs | 5950 | by Staff reporter
Business endorses Mthuli Ncube
ZIMBABWE'S business executives have endorsed Professor Mthuli Ncube's Friday appointment as Finance Minister with some hoping he leveraged from his education and vast experience in world business to e...Published: 08 Sep 2018 at 11:17hrs | 2880 | by Staff reporter
Mnangagwa appoints technocrats in new Cabinet
PRESIDENT Emmerson Mnangagwa yesterday pulled a shocker when he dropped several Zanu PF party bigwigs, some who had served as Cabinet ministers for several years, and appointed three technocrats - for...Published: 08 Sep 2018 at 08:28hrs | 2101 | by Staff reporter
Mnangagwa in Cabinet shocker
PRESIDENT Emmerson Mnangagwa yesterday pulled a shocker when he dropped several Zanu PF party bigwigs, some who had served as Cabinet ministers for several years, and appointed three technocrats - for...Published: 08 Sep 2018 at 07:14hrs | 2809 | by Staff Reporter
Know your Minister of Finance Prof Mthuli Ncube
Professor Mthuli Ncube is currently Managing Director and Head of Quantum Global Research Lab (Switzerland), part of Quantum Global Group, the largest Private Equity group dedicated to investing in Af...Published: 07 Sep 2018 at 19:14hrs | 12418 | by Staff Reporter
Zimbabwe plans to clear debt arrears in six months
ZIMBABWE is planning to settle its debt arrears with multilateral institutions in the next six months, Reserve Bank of Zimbabwe (RBZ) governor John Mangudya has said.The southern African count...Published: 24 Aug 2018 at 06:05hrs | 3022 | 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 | 11928 | by Agencies
Zimbabwe underestimating its GDP
Zimbabwe's gross domestic product (GDP) reached $17, 85 billion last year, which is an all-time high, according to industry and commerce experts TradingEconomics.comZimbabwe's GDP averaged $6,...Published: 29 Jul 2018 at 10:10hrs | 344 | by Staff reporter
AfDB signs agreements with Zimbabwe firms
The African Development Bank (AfDB) has signed two non-disclosure agreements with Zimbabwean companies,which pave the way for the sharing of information amid optimism the bank would disburse funding t...Published: 15 Jul 2018 at 17:03hrs | 237 | by Staff reporter
Zimbabwe seeks $500m from Afreximbank
THE Reserve Bank of Zimbabwe (RBZ) is negotiating a $500 million funding package with the African Export and Import Bank (Afreximbank), as part of efforts to resolve the foreign currency shortages bli...Published: 02 Jul 2018 at 07:24hrs | 253 | by Staff reporter
Currency reforms to address shortages
Zimbabwe's currency reforms will include measures to bring harmony between money in banks or Rapid Transfer Gross Settlement (RTGS) balances and foreign currency resources on the market, Reserve Bank ...Published: 01 Jul 2018 at 08:09hrs | 954 | by Staff reporter
Mnangagwa delivers 60 000 jobs?
Zimbabwe's employment level has firmed over the last six months with more than 60 000 jobs created in various sectors, as the economy continues to stabilise under President Emmerson Mnangagwa's admini...Published: 01 Jul 2018 at 07:57hrs | 697 | by Staff reporter
Zimbabwe's manufacturing sector requires $2bn
Zimbabwe's manufacturing sector requires around $2 billion in capital funding for optimum operation, the Confederation of Zimbabwe Industries (CZI) has said. CZI president Sifelani Jabangwe pi...Published: 28 Jun 2018 at 06:59hrs | 423 | by Staff reporter
Zimbabwe lags behind on electricity regulatory index
THE African Development Bank (AfDB) has ranked the Zimbabwe Energy Regulatory Authority (Zera) and Zimbabwe Electricity Transmission and Distribution Company (ZETDC) as having an average level of deve...Published: 26 Jun 2018 at 07:11hrs | 220 | by Staff reporter
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