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Indian business mogul tried to defraud Zimbabwean govt over $100 million
Documents obtained by NewZimbabwe reveal that Ashok Jain, an Indian businessman, attempted to defraud the Zimbabwean government of over US$100 million in a dubious deal. According to these doc...Published: 03 Apr 2024 at 06:07hrs | 4 | by Staff reporter
A critical review of Al Jazeera's Gold Mafia documentary
APRIL, famously characterised as "the cruellest month" by distinguished poet and literary critic TS Eliot in his critically acclaimed essay "The Wasteland" - not because its first day celebrates fools...Published: 28 May 2023 at 17:07hrs | 6 | by Jonathan Moyo
LEAD hails RBZ Governor Mangudya
The Labour Economists and Afrikan Democrats (LEAD) has hailed the Reserve Bank of Zimbabwe (RBZ) Governor Dr John Mangudya for paying attention to their concerns on the need to make the United States ...Published: 02 Sep 2021 at 10:34hrs | 1 | by Stephen Jakes
Ex-RBZ advisors under fire
THE Zimbabwe National Chamber of Commerce (ZNCC) has slammed the Reserve Bank of Zimbabwe (RBZ)'s "underachieving" outgoing monetary policy committee (MPC) saying it lacked depth and expertise to driv...Published: 05 Mar 2021 at 06:57hrs | 6 | by Staff reporter
'Gold to Zimbabwe what oil is to Nigeria, can turn around our fortunes' - not whilst US$1.2b p.a. lost to smugglers
On 3 March 2016 President Mugabe admitted that the nation had lost $15 billion worth of diamonds because of the looting and plunder in Marange and Chiadzwa."This kind of plunder must immediate...Published: 27 Feb 2021 at 09:42hrs | 1 | by Patrick Guramatunhu
The two faces of Zimbabwe
Zanu-PF popped the champagne to celebrate Zimbabwe's promotion by the World Bank from a lower income country to a lower middle economy. Apparently we now have an average annual income of $1,790....Published: 08 Jul 2019 at 08:28hrs | 1 | by Zimbabwe Vigil Diary
Dumiso Dabengwa a dissident that never was
Zimbabwe has lost her gallant son. The mountain has collapsed. ZANU PF did not only arrest and torture Dumiso Dabengwa but they also frustrated him to death. I am not shocked with the crocodile tears ...Published: 24 May 2019 at 13:42hrs | | by Don Chigumba
ZNA used loot-all-you-want platinum concession to secure $500m loan - proof junta resolve to hang on
Last week RBZ Governor, Dr John Mangudya, and Finance Minister, Professor Mthuli Ncube, were thrilled to announce that the country secured a $500 million loan. The loan would end the shortages of fuel...Published: 23 May 2019 at 18:29hrs | 1 | by Wilbert Mukori
How Mnangagwa's government is perpetuating fuel crisis
When the fuel crisis escalated last January, President Emmerson Mnangagwa was forced to announce a 150% price increase.Amid the outrage and riots which followed, one important detail went larg...Published: 15 May 2019 at 08:11hrs | 15 | by newZWire
'No more forex for education fees' said RBZ - what a savage blow, delivered with heartless indifference
"Foreign currency from the inter-bank market shall be utilised for current bonafide foreign payment invoices except for education fees," said Reserve Bank Governor, Dr John Mangudya.There are ...Published: 26 Feb 2019 at 13:25hrs | 2 | by Wilbert Mukori
Monetary policy statement, an admission of failure
On February 20, Reserve Bank of Zimbabwe governor, John Mangudya, issued his monetary statement which contained both admissions of failure in the economy and a topsy-turvy aspiration for an immediate ...Published: 25 Feb 2019 at 08:25hrs | 1 | by Tapiwa Gomo
Mangudya's retreat to safety is timely.....
Governor Mangudya has fundamentally been a good central banker, and perhaps that is why, just like yesterday afternoon, he frequently deflates the air of anticipation that precedes his scheduled polic...Published: 21 Feb 2019 at 21:03hrs | 1 | by Staff reporter
'Monetary Policy Statement will bring sanity' says RBZ Governor - will not and never will as long as insane rule the roost
The primary objective of the Reserve Bank of Zimbabwe's (RBZ) long awaited Monetary Policy Statement was to bring sanity to Zimbabwe's chaotic economic world, especially the madness in financial and c...Published: 21 Feb 2019 at 09:14hrs | | by Nomusa Garikai
Mangudya is a thief, he has devalued people's salaries
Reserve Bank of Zimbabwe (RBZ) governor John Mangudya yesterday announced the eagerly awaited monetary policy for 2019, in which he liberalised the trade of foreign currency and effectively declared t...Published: 21 Feb 2019 at 07:33hrs | | by Staff reporter
'Will have local currency when economic fundamentals are right' - not right last 38 years and counting
One of the many reasons Zimbabwe is in this economic mess is the sheer incompetence of those running the nation's affairs. Our leaders have a knack for making a mountain out of a mole hill and thus en...Published: 17 Feb 2019 at 23:06hrs | 2 | by Patrick Guramatunhu
Avalanche of blunders gives Mangudya guts to challenge 'Tzar' Ncube - another sneak resignation on card
Rumour has it that Minister of Finance, Professor Mthuli Ncube, and the Governor of Reserve Bank of Zimbabwe Dr John Mangudya are failing to agree on key monetary policies including when Zimbabwe shou...Published: 16 Feb 2019 at 21:04hrs | 3 | by Nomusa Garikai
Mangudya borrowing to buy food to stem 'panic-buying' - loans are drying up, then what! PANIC!
I gave President Mnangagwa full marks for successfully rebranding Zanu PF as the "new democratic dispensation" and the country as being open for business. He had me and millions of others out there fo...Published: 08 Oct 2018 at 17:30hrs | 2 | by Nomusa Garikai
Should Zimbabwe be awarded $2 billion economic bailout? or John Mangudya should resign
On 04/09/2018, the media reported that Zimbabwe needs $2 billion bailout in order to deal with the economy's liquidity challenges. The Governor of Reserve Bank of Zimbabwe is alleged to have said so. ...Published: 05 Sep 2018 at 06:33hrs | 6 | by Don Chigumba
'Banks to lead economic recovery'
Government is working with the Reserve Bank of Zimbabwe (RBZ) and other relevant bodies to ensure the country's banking sector is in a position to play key intermediary roles in the recovery of the ec...Published: 26 Jun 2018 at 07:04hrs | | by Staff reporter
Mnangagwa: The morning after
The unprecedented military intervention brought euphoria to the masses they gave their future to the crocodile, I had believed in since childhood. Questions are still asked does the alligator ha...Published: 16 Mar 2018 at 06:36hrs | | by Simplisio Muvunde
Cash shortages: No need to panic
THE country's economy is on the rebound due to the recovery of the productive sector backed by the expected bumper harvest and increased prices of minerals on the international market.The ...Published: 09 Apr 2017 at 08:14hrs | | by Staff reporter
Zanu PF MP praises RBZ Governor Mangudya for introducing new currency
A Zanu PF legislator Terence Mukupe has praised Reserve Bank of Zimbabwe Governor John Mangudya for introducing the new currency saying he has shamed the prophets of doom who do not understand economi...Published: 29 Nov 2016 at 07:40hrs | | by Stephen Jakes
Bond Notes: Our refusal to learn from history
The study of history has a moral purpose, so we are told. It is believed that studying history can create better citizens in a free society. At least this is the shared belief among authors of history...Published: 10 Oct 2016 at 16:40hrs | 7 | by Whitlaw Mugwiji
Takamuka petition Mugabe on bond notes
Protest movement #Tajamuka has drafted a petition to President Robert Mugabe over planned introduction of controversial bond notes.The group which has in recent months organised demonstrations...Published: 10 Oct 2016 at 09:31hrs | 1 | by Thobekile Zhou
IMF sincerity questionable
Zimbabwe urgently needs financial injection to halt the economic downturn which has haunted the country for over a decade. Whilst government of Zimbabwe has been running around to settle US$1,8 billio...Published: 21 Jul 2016 at 10:35hrs | | by Susan Chipanga
The RBZ must come clean
The Reserve Bank of Zimbabwe (RBZ) governor, John Mangudya and Finance Minister Patrick Chinamasa have not been honest to the people of Zimbabwe on the true causes of the current cash crisis and the r...Published: 15 Jun 2016 at 16:21hrs | | by Vince Musewe - PDP Secretary for Finance and Economic Affairs
RBZ chief says multi-currency system dysfunctional
THE Reserve Bank of Zimbabwe (RBZ) yesterday conceded that the multi-currency system adopted in 2009 was effectively dysfunctional with the economy trading solely in the United States dollar, which ha...Published: 01 Jun 2016 at 06:54hrs | 1 | by Staff reporter
Zimbabwe Bond notes: Key questions answered
The Reserve Bank of Zimbabwe has announced plans to introduce local "bond notes" to circulate alongside a basket of foreign currencies adopted in 2009, in a bid to ease widespread cash shortages stalk...Published: 06 May 2016 at 08:34hrs | | by Staff reporter
RBZ governor Mangudya sues Govt
Reserve Bank of Zimbabwe governor Dr John Mangudya has taken Government to the High Court challenging the compulsory acquisition of his farm in Rusape for resettlement. Dr Mangudya bought Inya...Published: 29 Apr 2016 at 06:39hrs | 2 | by Daniel Nemukuyu
Cash shortages, a slight glitch
Recent utterances by MDC-T spokesperson, Obert Gutu on cash flow challenges that the country is temporarily encountering should not be tolerated as the statement is meant to incite fear and chaos amon...Published: 22 Mar 2016 at 13:17hrs | | by Peacemaker Zano
MDC-T: Remarks on the RBZ Monetary policy statement
The monetary policy statement by the Reserve Bank Governor smacks of a neo-liberal agenda as among other measures it seeks to cause a general wage freeze in Zimbabwe at a time when minimum wages are f...Published: 14 Feb 2015 at 14:28hrs | | by Staff Reporter
ZCTU Reacts to Finance Minister's statements
The Zimbabwe Congress of trade Unions has reacted to Finance Minister Patrick Chinamasa's and Reserve Bank of Zimbabwe governor John Mangudya'sstatements concerning unforeseeable salary increm...Published: 29 Jan 2015 at 08:09hrs | | by Mandlenkosi Chinula
RBZ engages kombi operators over bond coins
The Reserve Bank of Zimbabwe has engaged retailers and the Urban Commuter Omnibus Operators Association to encourage their members to accept bond coins.Since the inception of the bond coins ne...Published: 11 Jan 2015 at 23:01hrs | | by Staff reporter
Teething problems for Bond coins
Only US$2.5 million worth of bond coins out of the US$10 million set aside are presently circulating on the local market as banks under ordered them, an official has said. As a result, des...Published: 05 Jan 2015 at 08:15hrs | | by Staff reporter
'I fear Zimdollar return,' says RBZ Boss
The Reserve Bank of Zimbabwe Governor Dr John Mangudya has ruled out the return of the local currency saying he personally fear the return of the Zimbabwe Dollar. This comes amid some suspicio...Published: 15 Dec 2014 at 07:18hrs | | by Staff reporter
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