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Govt lavishes Mthuli Ncube with a US$200 000 hotel stay
GOVERNMENT allegedly splurged over US$200 000 on Finance minister Mthuli Ncube (pictured)'s accommodation after his lengthy stay at a five-star hotel in the capital before he relocated to a plush home...Published: 22 hrs ago | 6111 | by Staff reporter
If govt is posting surpluses, why are Zimbabweans in this mess?
THIS week, Finance Minister Mthuli Ncube was struggling to convince millions of poverty-stricken Zimbabweans that the country has been posting healthy budget surpluses, and that their problems were be...Published: 23 hrs ago | 249 | by Esau Mandipa
Foreign currency receipts surge
ZIMBABWE'S foreign currency receipts increased by 32% to US$5,09 billion during the eight months ended August 7, 2021, as industries shook-off the effects of a difficult 2020 to ship more products to ...Published: 23 hrs ago | 384 | by Staff reporter
Don't criticise my budget surplus, says Mthuli Ncube
FINANCE minister Mthuli Ncube yesterday said Zimbabweans should not criticise his budget surplus, and claimed that his austerity measures had saved the economy from an economic collapse induced by the...Published: 23 Sep 2021 at 06:33hrs | 1040 | by Staff reporter
Biti arrest warrant cancelled
A warrant for the arrest of MDC Alliance vice president Tendai Biti was cancelled on Monday, a few hours after it was issued.In obtaining the warrant, the National Prosecuting Authority said B...Published: 21 Sep 2021 at 20:54hrs | 840 | by Staff reporter
Chamisa says living in Zimbabwe a struggle
OPPOSITION MDC Alliance leader Nelson Chamisa has accused President Emmerson Mnangagwa's administration of making citizens' lives a living hell, especially with the underperforming economy turning the...Published: 21 Sep 2021 at 06:17hrs | 1531 | by Staff reporter
Biti claims that proposed bank mergers illegal
FORMER Finance minister Tendai Biti, who is also a former chairperson of the National Assembly's Public Accounts Committee, said the proposed mergers of financial institutions involving government ent...Published: 18 Sep 2021 at 19:34hrs | 647 | by Staff reporter
Zimbabwe's 2nd Republic of contradictions, inconsistencies
DEVELOPMENTS in the past few days and weeks have shown that those in charge of our so-called Second Republic are nothing more than a clueless bunch given to gross lies, glaring contradictions and emba...Published: 17 Sep 2021 at 06:26hrs | 482 | by Luke Tamborinyoka
Mthuli Ncube in US
ZIMBABWE will seek to raise $200m in a debut domestic US dollar bond sale on its stock exchange in Victoria Falls that trades exclusively in foreign currency, says finance minister Mthuli Ncube....Published: 16 Sep 2021 at 19:50hrs | 1057 | by Staff reporter
Anti-Mnangagwa demo planned
ZIMBABWEANS in the USA and Canada say they will this weekend demonstrate against President Emmerson Mnangagwa at the United Nations headquarters in New York over human rights abuses and denial of thei...Published: 13 Sep 2021 at 19:43hrs | 1799 | by Staff reporter
Viral message on Zimbabwe civil servants trips to SA is fake
PUBLIC Service minister Paul Mavima yesterday admitted that civil servants could not afford locally made products and recommended that government sponsors them to buy cheaper goods in neighbouring Sou...Published: 13 Sep 2021 at 06:15hrs | 1968 | by Staff reporter
Treasury loses $112 billion to dodgy crony tax exemptions
TREASURY, always in financial dire straits, lost about ZW$112 billion in potential revenue last year (approximately US$1.3 billion on the official exchange rate) through tax expenditures consisting of...Published: 10 Sep 2021 at 18:52hrs | 292 | by Staff reporter
Biti caution govt over IMF windfall
ZIMBABWE'S former Finance ministers Herbert Murerwa and Tendai Biti have warned the government against using the recent US$961 million worth of special drawing rights (SDRs) from the International Mon...Published: 10 Sep 2021 at 07:39hrs | 1793 | by Staff reporter
Govt snubs cheaper donor-funded jabs
IN an eyebrow-raising development, the Zimbabwean government, battling the Covid-19 pandemic, has been purchasing expensive Chinese vaccines while overlooking doses supplied at cheaper prices under th...Published: 10 Sep 2021 at 07:32hrs | 914 | by Staff reporter
High Court postpones teachers' unions case
Bulawayo High Court judge Justice Nokuthula Moyo on Wednesday postponed, on a technicality, the case in which a nine-year-old pupil is seeking to stop teachers from engaging in industrial action over ...Published: 10 Sep 2021 at 07:24hrs | 199 | by Staff reporter
VFEX signs Dubai deal
THE Victoria Falls Stock Exchange (VFEX) has signed a Memorandum of Understanding (MoU) with the Dubai Gold and Commodities Exchange (DGCX), the region's leading derivatives exchange —to strengthen ...Published: 09 Sep 2021 at 06:14hrs | 547 | by Staff reporter
Govt releases US$30m for 2022 national census
Government has released US$30 million of the US$98 million which was allocated for the 2022 national census programme, the Zimbabwe National Statistics Agency (ZimStat) said yesterday.This was...Published: 08 Sep 2021 at 06:19hrs | 749 | by Cedric Steele
Zimbabwe being run by clueless ZANU PF clowns
The Emmerson Mnangagwa led ZANU PF government has once again proven beyond no doubt that they are clueless and a bunch of mediocre buffoons. They impose policies which are half baked and result in the...Published: 07 Sep 2021 at 07:41hrs | 1374 | by Prince Njagu
Banks wary of lending out US dollar loans
ZIMBABWE'S banks are sitting on US$1.7 billion and not willing to lend it to corporates due to the uncertainty around currency reforms which exposes them if they issue United States dollar-denominated...Published: 06 Sep 2021 at 06:50hrs | 2437 | by Staff reporter
War vets expose ugly Zanu-PF fights
WAR veterans in Mashonaland West province have laid bare deep-rooted factionalism in Zanu-PF and blasted their national chairman Christopher Mutsvangwa for accusing other former freedom fighters of be...Published: 05 Sep 2021 at 07:11hrs | 2755 | by Staff reporter
Industries push for US$4.5bn power project
THE Confederation of Zimbabwe Industries (CZI) says President Emmerson Mnangagwa's government must prioritise the completion of Batoka Gorge power station, to meet higher electricity demand projected ...Published: 05 Sep 2021 at 07:05hrs | 400 | by Staff reporter
Will the IMF US$961m windfall rescue Zimbabwe?
According to the International Monetary Fund (IMF), Covid-19 has caused substantial long-term global macroeconomic environment change, and the pandemic inflicted long-term scars on the global economy....Published: 05 Sep 2021 at 07:04hrs | 246 | by Learnmore Nyamudzanga
IMF SDR release puts Biti in his place
IN April 2021, the International Monetary Fund's Catastrophe Containment and Relief Trust (CCRT) granted debt relief to the 28 poorest and most vulnerable countries hit by catastrophic natural disaste...Published: 05 Sep 2021 at 06:53hrs | 1093 | by Nobleman Runyanga
'Top bankers assigned to guard Zimbabwe's IMF windfall'
Finance Minister Mthuli Ncube laid out a solid spending plan for the US$961 million recently injected by the International Monetary Fund (iMF), saying the windfall would be guarded by three top banker...Published: 03 Sep 2021 at 07:01hrs | 4889 | by Staff reporter
'Banks troop back into Zimbabwe agric funding'
GOVERNMENT has announced a fresh plan to attract banks into funding agricultural production, with draw-downs from the recently released International Monetary Fund Special Drawing Rights (SDRs) being ...Published: 03 Sep 2021 at 06:57hrs | 1006 | by Staff reporter
Mines troop to VFEX
GOVERNMENT says several mining firms have indicated plans to list on Zimbabwe's year-old bourse, the Victoria Falls Stock Exchange (VFEX).VFEX, which exclusively trades in foreign currency, ha...Published: 03 Sep 2021 at 06:51hrs | 234 | by Staff reporter
Govt to appoint new ZIMRA board chairman, top management
The Treasury says it is close to finalising the appointment of a substantive chairman for the Zimbabwe Revenue Authority (ZIMRA) board. The tax authority is also putting the final touches to t...Published: 03 Sep 2021 at 06:46hrs | 858 | by Staff reporter
Poor urban family's monthly budget shoots to $41,000
A LOW-INCOME earning urban family of six now requires approximately $41 235.93 to sustain their monetary needs per month, according to the Consumer Council of Zimbabwe (CCZ).This translates to...Published: 02 Sep 2021 at 21:19hrs | 656 | by Staff reporter
War vets expose Zanu-PF terror campaign
DISGRUNTLED veterans of the 1970s liberation war yesterday accused President Emmerson Mnangagwa and his government of neglecting them, in a development signalling deepening ructions in Zanu-PF....Published: 31 Aug 2021 at 06:16hrs | 4139 | by Staff reporter
Trevor Ncube's newspaper corners Mnangagwa's govt over Zupco 'shady deal'
THE Zimbabwe Independent newspaper is suing the government for refusing to release information regarding the procurement of the Zimbabwe United Passenger Company (Zupco) buses.According ...Published: 31 Aug 2021 at 06:09hrs | 2393 | by Staff reporter
'Mnangagwa has betrayed us'
DISGRUNTLED liberation war veterans have drawn daggers against President Emerson Mnangagwa accusing him of betraying them.The easily irritable former freedom fighters say by failing to give th...Published: 31 Aug 2021 at 06:06hrs | 964 | by Staff reporter
Chamisa's MDC fears Zanu-PF will use IMF US$1 billion for 'electioneering'
Close to US$1 billion released to Zimbabwe by the International Monetary Fund (IMF) could be misused by the Zanu-PF government to finance its 2023 election campaign, the Movement for Democratic Change...Published: 30 Aug 2021 at 19:35hrs | 334 | by Staff reporter
Mliswa taunts Mnangagwa over war veterans
NORTON'S Member of Parliament Temba Mliswa (independent) says successive Zanu-PF governments have dismally failed to look after war veterans since 1980.In a statement on his Twitter page, Mlis...Published: 30 Aug 2021 at 05:56hrs | 2781 | by Staff reporter
Millers back fresh policies
ZIMBABWE'S milling industry have showered praises on under fire Finance minister, Mthuli Ncube for "continued strenuous efforts" in maintaining fiscal discipline to rebuild the troubled economy....Published: 29 Aug 2021 at 07:13hrs | 159 | by Staff reporter
Zimbabwe rising to fastest growing economy in Africa
ZIMBABWE's economy is arguably the fastest growing on the African continent this year due to the sound policies being implemented by the Second Republic, President Mnangagwa has said.Economic ...Published: 29 Aug 2021 at 07:08hrs | 1119 | by Staff reporter
Mnangagwa claims that Zimbabwean economy is in fast lane
Zimbabwe's economy is arguably the fastest growing on the African continent this year due to sound policies being implemented by the Second Republic, President Mnangagwa has said.Economic grow...Published: 29 Aug 2021 at 07:07hrs | 163 | by Staff reporter
Protesting war vets released without charge
The nine former liberation war combatants arrested on Wednesday after storming Finance minister Mthuli Ncube's offices protesting against poor pension earnings were released yesterday without charge....Published: 28 Aug 2021 at 05:55hrs | 333 | by Staff reporter
G40, MDC Alliance exposed in war vets' arrests
THE chairperson of the Zimbabwe National Liberation War Veterans Association (ZNLWVA) Chris Mutsvangwa yesterday poured cold water on the latest attempts to divide war veterans by some G40 elements an...Published: 28 Aug 2021 at 05:52hrs | 789 | by Staff reporter
Mthuli Ncube won't adopt the black market rate
FINANCE Minister Mthuli Ncube says the government will not be forced into following the parallel market foreign currency rate.He was responding to MPs during a question and answer session Wedn...Published: 28 Aug 2021 at 05:48hrs | 928 | by Staff reporter
Chamisa raises alarm over IMF funds which Biti wanted blocked
OPPOSITION MDC Alliance leader Nelson Chamisa yesterday expressed fear that President Emmerson Mnangagwa's Zanu-PF government could use the money sourced from the International Monetary Fund (IMF) for...Published: 27 Aug 2021 at 06:45hrs | 6155 | by Staff reporter
Public confidence in Zimdollar keeps waning, no end in sight
THE revelation by Reserve Bank of Zimbabwe (RBZ) governor John Mangudya that the widening gap between the official and parallel foreign currency exchange rates is due to locals preferring the greenbac...Published: 27 Aug 2021 at 06:37hrs | 1626 | by Staff reporter
Banks decline requests by MDC Alliance to open accounts?
SENIOR officials in the MDC Alliance in Masvingo Province have claimed that their request to open bank accounts for the opposition party have been turned down by CBZ.Zimbabwe's government has ...Published: 26 Aug 2021 at 19:10hrs | 2208 | by Staff reporter
Chamisa demands to know how IMF's US$1 billion will be used
THE opposition MDC Alliance led by Nelson Chamisa has demanded transparency in the disbursement US$961 million received recently from the International Monetary Fund (IMF).The funds came throu...Published: 26 Aug 2021 at 15:15hrs | 1118 | by Staff reporter
Mthuli Ncube pressured to reveal source of funding for POLAD vehicles
The Youth Alliance of Democracy (YAD) has demanded that the government discloses the source of funding for 19 brand new vehicles bought for the leaders of small political parties who backed President ...Published: 26 Aug 2021 at 06:49hrs | 1525 | by Staff reporter
War vets arrested for demanding better pension
NINE war veterans were arrested yesterday after they allegedly besieged Finance minister Mthuli Ncube's office demanding better pensions.The war veterans, who are members of the War Veterans W...Published: 26 Aug 2021 at 06:44hrs | 2391 | by Staff reporter
Zimbabwe to use IMF funds to support beleaguered Zimdollar
THE government will hold back $500m of the $961m IMF funds to support the currency which has plunged.Zimbabwe will use more than half of the $961 million allocated by the International Monetar...Published: 25 Aug 2021 at 18:37hrs | 1302 | by Staff reporter
Mthuli Ncube cornered over Polad vehicles
NORTON legislator Temba Mliswa's Youth Advocacy for Reform and Democracy (Yard) has petitioned Finance minister Mthuli Ncube, demanding that he discloses the source of funding for the 19 all-terrain v...Published: 25 Aug 2021 at 06:49hrs | 2972 | by Staff reporter
Looting concerns abound over US$1bn IMF windfall
Zimbabwe on Monday received a whopping US$961 million, its allocation under the International Monetary Fund (IMF)'s US$650 billion Special Drawing Rights (SDR) amid fears of abuse largely due to the c...Published: 25 Aug 2021 at 06:47hrs | 1137 | by Staff reporter
Gold incentives lift output
INCENTIVE schemes announced early this year to boost gold deliveries to the State-run Fidelity Printers and Refiners (FPR) have bolstered shipments into the formal market, Reserve Bank of Zimbabwe (RB...Published: 25 Aug 2021 at 06:43hrs | 176 | by Staff reporter
ZMX to enhance farm profitability
FINANCE minister Mthuli Ncube says the Zimbabwe Mercantile Exchange (ZMX), a commodity ex-change platform that was launched last week, will increase efficiency in farm produce marketing, enhance profi...Published: 22 Aug 2021 at 08:02hrs | 122 | by Staff reporter
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