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IMF notes show no appetite for reform
The Executive Board of the International Monetary Fund (IMF) concluded its Article IV Consultation with Zimbabwe on 21 March 2022. The press release noted that real Gross Domestic Product (GDP) rose b...Published: 12 Apr 2022 at 16:50hrs | 631 | by Victor Bhoroma
IMF notes show no appetite for reform
The Executive Board of the International Monetary Fund (IMF) concluded its Article IV Consultation with Zimbabwe on 21 March 2022. The press release noted that real Gross Domestic Product (GDP) rose b...Published: 01 Apr 2022 at 12:34hrs | 1040 | by Victor Bhoroma
Zimbabweans trek to rural areas as city life worsens
AN ESTIMATED 1,5 million Zimbabweans are reported to have abandoned life in the city as the country's economic situation continues to deteriorate.The International Labour Organisation (ILO) sa...Published: 09 Oct 2021 at 07:35hrs | 1 | by Staff reporter
Taming inflation is an arduous task
The Zimbabwe National Statistics Agency (Zimstat) pointed that year on year (annual) inflation rate marginally increased to 51.55% in September 2021 from 50.24% in August 2021 after 8 months of straig...Published: 06 Oct 2021 at 09:13hrs | 7 | by Victor Bhoroma
2021 Mid-Term Budget Expectations
Zimbabwe's mid-term budget for 2021 is expected to be presented in the beginning of July amid encouraging signs of economic recovery in the last 12 months. The country is undergoing a period of relati...Published: 03 Jun 2021 at 20:21hrs | 2 | by Victor Bhoroma
Sort out political mess, says RBZ boss
RESERVE Bank of Zimbabwe deputy governor Kuphukile Mlambo has called on the country to sort out its political problems, which he said played an important role in informing investment decisions....Published: 17 May 2021 at 06:51hrs | 2 | by Staff reporter
Mnangagwa mortgages Zimbabwe to Afreximbank
President Mnangagwa yesterday successfully negotiated a fresh financial package for Zimbabwe from the African Export-Import Bank (Afreximbank) after meeting the bank's chairperson, Professor Benedict ...Published: 30 Aug 2019 at 08:05hrs | | by Staff reporter
North-South Corridor road rehab begins
PRESIDENT Mnangagwa has officially launched the commencement of works on the first 6,5km of a 21km stretch along Makuti-Chirundu Road linking the country to Sadc, Comesa and East African states. ...Published: 27 Aug 2019 at 07:28hrs | | by Staff reporter
The futility of Mthuliconomics
We used to have that chap called Gideon Gono at the Reserve Bank of Zimbabwe. He was always full of energy, busy doing things that never solved any problem. The cynics called that egonomics.Go...Published: 11 Aug 2019 at 11:26hrs | | by Tawanda Majoni
One year on: What has changed for Zimbabwe?
A year ago, with Zimbabwe's longtime ruler Robert Mugabe out of the picture, the troubled southern African country seemed to have taken a turn for the better.Mugabe's successor and the incumbent, ...Published: 03 Aug 2019 at 09:50hrs | | by Al-Jezeera News
US govt happy with Mthuli Ncube's TSP
The United States government says Zimbabwe's latest economic blueprint, The Transitional Stabilisation Programme (TSP) can address the economy's weaknesses if fully implemented and h...Published: 19 Jul 2019 at 07:06hrs | | by Staff reporter
Trump nails Mnangagwa?
The United States of America has released yet another damning report on Zimbabwe - observing that President Emmerson Mnangagwa's government continues to fail to capitalise on the goodwill that was pre...Published: 17 Jul 2019 at 08:26hrs | | by Staff reporter
Mthuli Ncube's TSP could resolve most of Zimbabwe's structural problems, says US
PRESIDENT Emmerson Mnangagwa's reforms anchored on his short-term policy, the Transitional Stabilisation Programme (TSP) could resolve most of Zimbabwe's structural problems, his most vocal foreign cr...Published: 16 Jul 2019 at 07:29hrs | | by newzimbabwe
Fresh Zimdollar headache for govt
The government's decision to reintroduce the local currency faces a serious test after a third person filed a High Court application challenging President Emmerson Mnangagwa's use of presidential powe...Published: 07 Jul 2019 at 21:34hrs | | by Staff reporter
Mthuli Ncube's speech to AfDB boards of governors - Fulltext
Speech by the minister of finance and economic development, Hon. Prof. Mthuli Ncube during the 2019 annual meetings of the boards of governors of the African Development Bank Group: Malabo, Republic o...Published: 16 Jun 2019 at 20:03hrs | 1030 | by Mthuli NCube
Mthuli Ncube targets price stabilisation
Government's fiscal consolidation measures and other initiatives introduced into Zimbabwe's economic programmes should see prices of goods starting to drop from next month, Finance and Economic Develo...Published: 14 Jun 2019 at 07:48hrs | | by Staff reporter
Prices to start falling next month, claims Mthuli Ncube
Government's fiscal consolidation measures and other initiatives introduced into Zimbabwe's economic programmes should see prices of goods starting to drop from next month, Finance and Economic Develo...Published: 13 Jun 2019 at 17:32hrs | | by Staff reporter
Forex situation improves: CZI president
THE manufacturing sector has started benefiting from the US$500 million facility recently secured by Government to stabilise the foreign exchange market, newly elected Confederation of Zimbabwe Indust...Published: 06 Jun 2019 at 07:26hrs | | by Staff reporter
Let's resolve politics first
THE economic crisis continues to deepen with rising inflationary pressures, worsening shortages of foreign currency, electricity and fuel, amid a widening gap between the official and unofficial excha...Published: 31 May 2019 at 08:05hrs | | by Prosper Chitambara
Mthuli Ncube speaks about adopting the rand by Zimbabwe
Zimbabwean finance minister Mthuli Ncube said the possibility of his country either adopting the SA rand as its main currency of trade - alongside its local unit, the RTGS dollar - or joining the rand...Published: 12 Mar 2019 at 17:01hrs | 16256 | by TimesLive
'RTGS dollar to gain value'
FINANCE and Economic Development Minister, Professor Mthuli Ncube, says the country's financial situation is improving with the newly introduced RTGS dollar set to gain more value on the back of on-go...Published: 12 Mar 2019 at 05:59hrs | | by Staff reporter
'Foreign investors embrace MPS'
FINANCE and Economic Development Minister Professor Mthuli Ncube says the positive investor feedback on the 2019 Monetary Policy Statement (MPS) shows the country is on the right track and that this b...Published: 28 Feb 2019 at 06:10hrs | | by Staff reporter
'Rushed currency reform could harm Zimbabwe economy'
Rushing to implement currency reforms without sufficient stocks of foreign currency to back up the transition would have serious adverse effects on Zimbabwe's economy, which would cause suffering of c...Published: 09 Nov 2018 at 06:22hrs | | by Staff reporter
Obert Mpofu speaks about Chamisa, Mnangagwa dialogue
The economic meltdown triggered by monetary and fiscal reforms that were recently unveiled by the government exposed teething problems in the ruling party's newly created structure led by former minis...Published: 14 Oct 2018 at 09:54hrs | | by Staff reporter
RBZ announces FCA return, more monetary reforms
The Reserve Bank of Zimbabwe (RBZ) has reintroduced foreign currency accounts (FCA) in a move expected to renew Zimbabweans' interest in depositing hard cash in the banks, deal with the illegal foreig...Published: 01 Oct 2018 at 21:35hrs | 1982 | by Staff reporter
Mthuli Ncube statement on proposed fiscal reforms to bring Zimbabwe finances under control
Minister of Finance Mthuli Ncube Statement on Proposed Fiscal Reforms to bring Zimbabwe finances under control ...Published: 01 Oct 2018 at 16:32hrs | 7838 | by Staff Reporter
President Mohadi meets industry leaders
ACTING President Kembo Mohadi will get full appreciation of issues besetting local industry when he meets industrial leaders during their annual congress underway in Bulawayo seeking to come up with i...Published: 27 Sep 2018 at 06:44hrs | | by Staff reporter
Boost for Zimbabwe industry
Government is considering providing credit guarantees for offshore borrowings by private firms seeking funding amid reports local industries require at least $2 billion to retool.Industry and ...Published: 23 Sep 2018 at 08:40hrs | | by Staff reporter
Mthuli Ncube directs all traders to accept bond notes
Finance and Economic Development Minister Professor Mthuli Ncube has directed all traders to accept bond notes as they remain legal tender in the country. This comes as some unscrupulous whole...Published: 20 Sep 2018 at 06:27hrs | | by Staff reporter
Mthuli Ncube's economic stabilisation programme out next month
FINANCE minister Mthuli Ncube will next month unveil a transitional economic stabilisation programme that will address fiscal and monetary reforms as well as an arrears clearance programme.Zim...Published: 19 Sep 2018 at 07:15hrs | | by Staff reporter
Mthuli Ncube has a cash crisis plan
NEWLY-APPOINTED Finance and Economic Development minister Mthuli Ncube says government expects to announce a plan to tackle the on-going currency crisis by month-end and confirmed that he expects to r...Published: 11 Sep 2018 at 13:43hrs | | by Staff reporter
Mnangagwa's Ministers ready to roll
NEW Cabinet Ministers sworn-in yesterday pledged to bring about sweeping changes in Government and ensure Zimbabwe becomes a middle income economy by 2030. The 20 Cabinet Ministers - who took ...Published: 11 Sep 2018 at 06:54hrs | | by Staff reporter
Mnangagwa or Chamisa?
WITHOUT a doubt, Monday's election is about the economy - and who is likely to deliver a better future for Zimbabwe, and the much-needed hope.It is also an indubitable fact that the winner wil...Published: 26 Jul 2018 at 12:01hrs | 9502 | by Eric Chiriga and John Kachembere
Chiwenga charms Mabvuku-Tafara residents
Vice President Retired General Constantino Chiwenga has come out in support of Mabvuku-Tafara residents in Harare who suffer the brunt of paying council bills yet for years they have not been accessin...Published: 17 Jun 2018 at 17:26hrs | | by Staff reporter
Zimbabwe to clear $1,7 billion debt
Zimbabwe expects to make up for all its debt arrears to major international lenders by September and could return to international capital markets thereafter, the Reserve Bank deputy governor said on ...Published: 18 Mar 2018 at 08:53hrs | | by Reuters
Mnangagwa's New York pitch reveals his post-election game
PRESIDENT Emmerson Mnangagwa's op-ed piece he penned for the New York Times, published online on March 11 and 12 in the print version, supplies the chess pieces of how he intends to play the political...Published: 16 Mar 2018 at 07:20hrs | | by The Brett Chulu Column
Mugabe's govt presses panic button
Feeling the heat of the country's worsening economic crisis, the government has pressed the panic button — threatening a savage clampdown on the media and pro-democracy groups in its desperate bid t...Published: 26 Sep 2017 at 14:49hrs | | by Staff reporter
'Zimbabwe has no capacity to build forex reserves'
Zimbabwe is living from hand to mouth and has no capacity to build foreign currency reserves from export earnings, Reserve Bank of Zimbabwe (RBZ) governor, John Mangudya has said.Mangudya last...Published: 25 Sep 2017 at 08:23hrs | | by Staff reporter
Zimbabwe civil service cuts by 2018
GOVERNMENT will cut the civil service wage bill from 90 percent to 55 percent by 2018, a Cabinet Minister has said.Finance and Economic Development Minister Patrick Chinamasa said staff ra...Published: 11 Feb 2017 at 22:46hrs | | by Staff reporter
Zim govt suspends diamond tax
The government has temporarily suspended the collection of a 15 percent tax on diamond sales due to a drop in production and low global prices for the gems.A government's letter of intent to t...Published: 01 May 2015 at 15:50hrs | | by Staff Reporter
International Monetary Fund approves 2.2-billion-euro rescue fund for Greece
The International Monetary Fund (IMF) on Monday approved the release of a long-delayed tranche of rescue fund for Greece under the joint IMF-European Union (EU) bailout program following headway made ...Published: 06 Dec 2011 at 09:19hrs | | by Mafu Sithabilde
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