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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 | 2231 | 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 | 434 | 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 | 1340 | 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 | 12961 | 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 | 1437 | 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 | 2221 | 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 | 3498 | 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 | 7816 | 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 | 2613 | 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 | 2059 | 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 | 2470 | 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 | 660 | 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 | 1479 | 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 | 134 | 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 | 574 | 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 | 4400 | 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 | 573 | 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 | 177 | 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 | 3470 | 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 | 13300 | 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 | 214 | 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 | 242 | 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 | 471 | 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 | 836 | 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 | 1330 | 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 | 265 | 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 | 330 | 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 | 5384 | 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 | 2920 | 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 | 1995 | 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 | 408 | 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 | 2427 | 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 | 310 | 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 | 991 | 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 | 889 | 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 | 442 | 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 | 1284 | 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 | 1159 | 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 | 2303 | 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 | 3571 | 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 | 892 | 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 | 1094 | 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 | 3272 | 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 | 3855 | 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 | 1069 | 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 | 1135 | 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 | 584 | by Stephen Jakes
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