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Mthuli Ncube, Mangudya in bitter fight over new Zimdollar
PRESIDENT Emmerson Mnangagwa has been forced to intervene in a growing turf war between Reserve Bank of Zimbabwe governor John Mangudya and his boss Finance minister Mthuli Ncube on the path Zimbabwe ...Published: 14 Feb 2019 at 15:51hrs | 19738 | by Staff reporter
Zimbabwe clears IMF debt
The International Monetary Fund, IMF has revealed that Zimbabwe has already cleared all its outstanding debts.Director of Communication with the International Monetary Fund Gerry Rice revealed...Published: 13 Feb 2019 at 16:16hrs | 10229 | by NewZimbabwe.com
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
'Zimbabwe to introduce domestic currency'
Zimbabwe will reintroduce domestic currency only when conditions are ripe and critical economic fundamentals are in place since using the US dollar as an anchor currency is now unsustainable, accordin...Published: 08 Feb 2019 at 09:04hrs | 7073 | by Business weekly
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
Perm Sec recalled over growing rift with minister
The minister of Public Service, Labour and Social Welfare, Sekai Nzenza, has surrendered back her permanent secretary, Judith Kateera, after the two clashed over the running of the crucial government ...Published: 07 Feb 2019 at 08:06hrs | 7269 | by Staff reporter
Mnangagwa's choreographed plan to carve out his image as a reformer up in smoke
When Emmerson Mnangagwa took over the leadership of Zanu-PF and became the head of state there was a perfectly choreographed plan to carve out his image as a reformer.He would be presented to ...Published: 27 Jan 2019 at 19:15hrs | 2154 | 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 | 13124 | by Staff Reporter
South Africa will help Zimbabwe
IN the wake of a week of unparalleled security force violence against civilians in Zimbabwe and signs of economic collapse, South Africa is working on throwing its northern neighbour a lifeline. ...Published: 25 Jan 2019 at 08:40hrs | 4317 | by African News Agency
Mthuli Ncube's megaphone economics will not solve Zimbabwe's woes
Finance and Economic Development Minister Mthuli Ncube is in Davos at the World Economic Forum, and as expected he is selling Brand Zimbabwe, projecting that he will bring down inflation from 42% to 1...Published: 25 Jan 2019 at 00:34hrs | 1441 | by Staff reporter
Mnangagwa's FDI drive off the rails
The African Trade Insurance Agency (ATI) has capacity to provide cover on transactions worth $116 million into Zimbabwe this year out of the $1,6 billion in the pipeline due to the country's low contr...Published: 25 Jan 2019 at 00:32hrs | 1464 | by Staff reporter
Mthuli Ncube vows bold economic turnaround
Finance Minister Mthuli Ncube painted an optimistic outlook for Zimbabwe on Tuesday, despite protests over fuel prices that human rights groups say have left at least a dozen people dead.Ncube...Published: 23 Jan 2019 at 12:57hrs | 2022 | by ZimLive
SA finance minister confirms short-term Zimbabwe bail out plan
SOUTH Africa is planning to extend short-term credit to Zimbabwe and also to help it write off its US$7.4-billion external debt, to prevent its neighbour spiralling out of control. Critics say this wi...Published: 21 Jan 2019 at 08:37hrs | 1521 | by The Daily Maverick
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
Mnangagwa's ministers fail 2018 ratings
As Zimbabweans waved goodbye to 2018 yesterday, and awaited with much trepidation the dawn of the new year, in the light of the country's deepening economic woes, the Daily News - as per its rich annu...Published: 02 Jan 2019 at 14:20hrs | 1174 | 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
Zimbabwe MPs humiliated overseas over govt debt
Zimbabwe's Parliament has over 12-year-old debt arrears owed to regional and international parliamentarian organisations, Parliament heard recently.This comes after Zimbabwe's national debt ha...Published: 29 Dec 2018 at 18:39hrs | 4953 | 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
Mnangagwa told to clear arrears first
President Emmerson Mnangagwa's administration has put in place a viable plan to turn around Zimbabwe's economic fortunes, the International Monetary Fund (IMF) has said, but called on the country to q...Published: 16 Dec 2018 at 14:06hrs | 1446 | by Staff reporter
IMF backs Mnangagwa's economic plan
The International Monetary Fund (IMF) has been bowled over by President Emmerson Mnangagwa's current economic plan, which has already seen Treasury recording a budget surplus of over $29 million durin...Published: 16 Dec 2018 at 09:56hrs | 2404 | by The Sunday Mail
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
'Zimbabwe's tax system too complex'
A business operating in Zimbabwe will have to make at least 51 payments for it to be considered to be compliant with its tax obligations, a study of the country's tax regime has shown.According to...Published: 09 Dec 2018 at 07:11hrs | 1021 | by Staff reporter
Mnangagwa's 'new dispensation' in Zimbabwe stuck in the old ways
Veteran Zimbabwe opposition legislator Joel Gabbuza thought he was stating the obvious when he told mourners that President Emmerson Mnangagwa's ruling Zanu-PF party was struggling to revive the econo...Published: 05 Dec 2018 at 20:30hrs | 2128 | by Kitsepile Nyathi I The East African
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
Zimbabwe may lose out on Chinese funds
China, a comprehensive strategic partner of Zimbabwe, feels its debt stricken ally has moved slowly towards seizing funding opportunities Beijing pledged at this year's Forum for China-Africa Co-opera...Published: 30 Nov 2018 at 09:24hrs | 644 | 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 timeline of how Zimbabwe lost its currency
Today, November 14, marks the 21st anniversary of "Black Friday", the day the Zimbabwe dollar crashed in 1997.We track the Zimdollar's collapse from that fateful November day, and the many des...Published: 14 Nov 2018 at 15:10hrs | 3931 | by newZwire with The Source
We have no choice, but to embark on painful reforms
When Margaret Thatcher was elected UK prime minister in 1979, she recognised that piecemeal change would not be sufficient to tackle the problems of labour unrest, rampant inflation and economic stagn...Published: 14 Nov 2018 at 05:39hrs | 424 | by E.D. Mnangagwa President
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
Auditor-General raps Treasury
Auditor-General Ms Mildred Chiri has rapped Treasury for failing to account for 1 200 computers worth $1,1 million donated by development partners and to properly record Government indebtedness, there...Published: 13 Nov 2018 at 05:41hrs | 387 | by Staff reporter
All eyes on Mthuli Ncube
FINANCE and Economic Development minister Mthuli Ncube's maiden national budget should target the revival of the productive sectors of the economy to set the tone for revival, business has advised....Published: 11 Nov 2018 at 12:24hrs | 1266 | by Staff reporter
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
Race to save Africa's iconic dam
WHEN a 60-year-old dam that stands 128 metres tall, 716 metres long and holds 181 billion cubic meters of water needs repairs, it is never a small job and it comes with a huge budget: US$294 million. ...Published: 08 Nov 2018 at 10:15hrs | 3157 | by Staff reporter
Zimbabwe as a new gateway into Africa
ON Friday afternoon of 2 November 2018, I visited Surface Wilmar based in Chitungwiza, Harare. The company is owned by one of the largest companies in the world in the production of edible oils, based...Published: 05 Nov 2018 at 14:36hrs | 1658 | by Minister of Finance Prof Mthuli Ncube
Zimbabwe as a new gateway into Africa
ON Friday afternoon of 2 November 2018, I visited Surface Wilmar based in Chitungwiza, Harare. The company is owned by one of the largest companies in the world in the production of edible oils, based...Published: 05 Nov 2018 at 05:21hrs | 498 | by Hon. Prof Mthuli Ncube
Mangudya RBZ ouster speculation gains momentum
GOVERNMENT sources have downplayed as mere speculation reports that Reserve Bank of Zimbabwe (RBZ) governor John Mangudya's ouster from the apex bank is imminent.Linked with the increasingly t...Published: 01 Nov 2018 at 06:30hrs | 5818 | by NewZimbabwe.com
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 has a good plan
Political legitimacy, economic bailout and the draconian Public Order and Security Act (Posa) and Access to Information and Protection of Privacy Act (Aippa) laws are some of the topics Zimbabwe's new...Published: 25 Oct 2018 at 06:42hrs | 3809 | 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
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