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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: 18 Nov 2018 at 08:14hrs | 488 | 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 | 3156 | 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 | 414 | 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 | 422 | 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 | 381 | 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 | 1249 | 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 | 1136 | 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 | 3092 | 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 | 1644 | 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 | 496 | 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 | 5793 | 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 | 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 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 | 3387 | 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
Zanu-PF warns that Zimbabwe's economic crisis will deepen without aid
Zimbabwe will plunge further into economic crisis unless international lenders provide aid to the heavily indebted former British colony, senior officials from the Zanu-PF ruling party have said....Published: 21 Oct 2018 at 10:26hrs | 7735 | by The Guardian
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
Mnangagwa, Putin set for key talks
President Emmerson Mnangagwa will meet Russia's President Vladmir Putin early next year, as he continues his engagement and re-engagement drive that is calculated to integrate Zimbabwe into the global...Published: 14 Oct 2018 at 09:10hrs | 784 | by Staff Reporter
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 | 3209 | 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
Globetrotting and U-turn Minister is Asia begging for funds - no, first sort illegitimacy
One can see why few people would ever refuse to be appointed minister in Zimbabwe; the country is the poorest in Africa and yet it has the most well-travelled officials in the whole world. The...Published: 11 Oct 2018 at 09:18hrs | 2104 | by Patrick Guramatunhu
Mthuli Ncube makes progress on Arrears Clearance Road Map
Global financiers have expressed optimism about Zimbabwe's recently launched Transitional Stabilisation Programme, which is aimed at instituting critical economic reforms.This comes as Finance...Published: 10 Oct 2018 at 19:04hrs | 2319 | by Staff reporter
Mthuli Ncube secures backing of IMF and World Bank
Today the Zimbabwe government led by the Minister of Finance and Economic Development, Hon. Prof. Mthuli Ncube held a crucial meeting with co-operating partners and International Financial Institution...Published: 10 Oct 2018 at 16:10hrs | 4011 | by Agencies
Chamisa's supporters stuck in Wonderland
Some issues do not add up, but some people believe them anyway. Could it be escapism – creating a bubble enabling one to escape from his shortcomings in the real world, or such people strongly belie...Published: 09 Oct 2018 at 12:14hrs | 3959 | by Mapozho Saruchera
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 | 1127 | by Staff reporter
French kiss for Mnangagwa reforms
The chief executive of the French government's development agency, Mr Rémy Rioux, says Paris is enhancing ties with Harare, and President Emmerson Mnangagwa is welcome to send a delegation to his cou...Published: 07 Oct 2018 at 08:36hrs | 462 | by Staff reporter
RBZ's Monetary Policy for the haves, not the poor
IN Zimbabwean writer Shimmer Chinodya's Harvest of Thorns novel, there is a description of the main character's father, Mr Tichafa, as probably having been the best minister of Finance that Rhodesia p...Published: 04 Oct 2018 at 05:54hrs | 944 | by Takura Zhangazha
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 | 4031 | by Staff reporter
Shameless Mnangagwa in UN trip of lies
THE MDC is irked by President Emmerson Mnangagwa's misrepresentation of the Zimbabwean situation in front of the whole world in a shameless attempt to sugar coat his limited capacity.The best ...Published: 29 Sep 2018 at 13:00hrs | 126 | by Bekhithemba Mpofu
Shameless ED in UN trip of lies
The MDC is irked by Mnangagwa's misrepresentation of the Zimbabwean situation in front of the whole world in a shameless attempt to sugar coat his limited capacity.The best way to move forward...Published: 28 Sep 2018 at 12:34hrs | 4294 | by Bekhithemba Mpofu MDC National Deputy Spokesperson
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 | 477 | by Staff reporter
Zimbabwe economic collapse looms again
Zimbabwe faces a deepening economic crisis as hopes fade of a new wave of international investment and aid, following historic elections in July.Locals say conditions have deteriorated since J...Published: 26 Sep 2018 at 16:33hrs | 1890 | by The Guardian
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
Bulawayo needs $1bn retooling package
BULAWAYO industries need more than $1 billion to retool and improve operational efficiency that will match market expectations. Confederation of Zimbabwe Industries (CZI) Matabeleland Chapter ...Published: 26 Sep 2018 at 07:01hrs | 184 | by Staff reporter
Mnangagwa's new political order
South African anti-apartheid activist Steve Biko and black consciousness icon once said, "It is better to die for an idea that will live, than to live for an idea that will die". President Mnangagwa o...Published: 26 Sep 2018 at 06:50hrs | 369 | by Keith Guzah
Sanctions affect the man on the street sir
The newly appointed United States ambassador to Zimbabwe, Mr Brian Nicholas had an interesting interview with one of the pirate radio stations, Voice of America, wherein he was very economic with the ...Published: 25 Sep 2018 at 11:50hrs | 1646 | by Tafara Shumba
President Mnangagwa to articulate Zim foreign policy
To most Zimbabweans, the annual United Nations General Assembly (UNGA) meetings had become synonymous with controversial and fiery speeches by former President Robert Mugabe which denounced, without f...Published: 24 Sep 2018 at 09:58hrs | 512 | by Bevan Musoko
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 striking the right note
Finance minister Mthuli Ncube has hit the ground running, infusing some urgency into President Emmerson Mnangagwa's administration in dealing with Zimbabwe's multi-layered economic crisis.Ncub...Published: 23 Sep 2018 at 09:02hrs | 1157 | by Editorial - The Standard
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 | 7335 | by Staff reporter
IMF offers to help Zimbabwe clear arrears
THE International Monetary Fund (IMF) yesterday said it was ready to help Zimbabwe craft a debt clearance strategy anchored on fundamental economic reforms. This comes after outgoing British A...Published: 21 Sep 2018 at 06:34hrs | 1185 | by Staff reporter
Forex crisis vexes Mnangagwa
AROUND mid-day on Tuesday, a decorated procession blasted off State House, its lash green lawns and flowering jacaranda trees complimenting to give breathtaking scenery.It was a long processio...Published: 20 Sep 2018 at 18:56hrs | 5258 | by Staff reporter
What does investment look like on the ground in Zimbabwe?
LAST week I was at the African Studies Association of the UK (ASA) conference in Birmingham. I was co-hosting, with my colleague Jeremy Lind (whose earlier blog this one draws from), a fantastic strea...Published: 18 Sep 2018 at 06:31hrs | 362 | by Ian Scoones
Economic war cabinet
After the noise and deliberate anti-development scheme by the opposition President Mnangagwa has appointed a new well balanced and surprising Cabinet. The nation is very anxious for change and the anx...Published: 15 Sep 2018 at 06:44hrs | 706 | by Dr Masimba Mavaza
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