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Polad economic summit on the cards
POLITICAL leaders under the banner, Political Actors Dialogue (Polad) have set plans to engage various business and industry sector players to come up with economic reforms that will be key in revivin...Published: 19 Jan 2020 at 05:40hrs | 214 | by Staff reporter
Mthuli Ncube sticks to his guns
Finance and Economic Development Minister Professor Mthuli Ncube has stuck to his guns, maintaining that the country is going to achieve 3 percent economic growth for 2020 in the face of independent f...Published: 19 Jan 2020 at 05:33hrs | 2032 | by Staff reporter
Sanctions: EU, US and post-Mugabe Zimbabwe
THE United States of America (USA) has two forms of sanctions relevant to Zimbabwe. The first is imposed by Executive Order, with the President using powers under the International Emergency Economic ...Published: 17 Jan 2020 at 06:25hrs | 191 | by Derek Matyszak
'Debt forgiveness crucial for Zimbabwe'
AS the country's central bank and treasury chiefs head to the forthcoming World Economic Forum in Davos, Switzerland next week, Imara Asset Management (Imara) says the country is in desperate need of ...Published: 17 Jan 2020 at 05:54hrs | 56 | by Staff reporter
AfDB gives thumbs-up to Mnangagwa reforms
Through the ongoing economic reforms, Zimbabwe is on the right path. ln addition, the country has the potential to wiggle out of the current storms, Africa Development Bank (AfDB) country manager Mr D...Published: 13 Jan 2020 at 06:48hrs | 10020 | by Staff Reporter
Existence of Polad confirms that 'We have a problem'
Zimbabweans are deluded from self-immolation. The fact that we have an elephant in the room called "POLAD" is a conformant or a sign that indeed we have an impending matter which is inconclusive. In S...Published: 08 Jan 2020 at 13:15hrs | 2202 | by Tinashe Eric Muzamhindo
Zimbabwean economy simplified
Issues concerning the economy are vital for any given country's revolutionary and evolutionary path since they are at the core of all movements. Most importantly an economic policy justifies the trans...Published: 08 Jan 2020 at 13:10hrs | 1287 | by Terence Simbi
Mnangagwa commissions Norton flyover bridge
President Mnangagwa yesterday commissioned the US$4,5 million Norton road-over-rail bridge in Mashonaland West Province and promised that his Government will continue to construct major infrastructure...Published: 21 Dec 2019 at 07:44hrs | 702 | by Staff Reporter
Mthuli Ncube's inflation hypocrisy baffling
Finance minister Mthuli Ncube cannot sustain the argument that the reason for banning the publication of year-over-year inflation based on the Consumer Price Index (CPI).In the 2020 budget sta...Published: 13 Dec 2019 at 07:56hrs | 218 | by Brett Chulu
Zimbabwe faces a gloomy 2020
IN the three weeks since the 2020 national budget both the economy and Finance Minister Mthuli Ncube's recovery strategy have drifted closer to the rocks. In their stubborn refusal to heed development...Published: 13 Dec 2019 at 07:30hrs | 781 | by Anthony Hawkins
Mthuli Ncube defends 'budget inconsistencies'
FINANCE minister Mthuli Ncube on Tuesday denied allegations of inconsistencies in the 2020 national budget saying the variances popped up because government had changed its accounting standards....Published: 12 Dec 2019 at 19:59hrs | 324 | by Staff reporter
Rebuilding Zimbabwe starts with strong institutions
It is now apparent that Zimbabwe's socio-economic status needs rebuilding and radical reforms if the country is to develop. The economy is set to contract by at least 6.5% in 2019 according to data fr...Published: 09 Dec 2019 at 10:35hrs | 576 | by Victor Bhoroma
RBZ urges IMF to ignore economic crisis
The Reserve Bank of Zimbabwe has asked the International Monetary Fund to overlook the country's shortcomings in achieving fiscal targets and allow a programme to help restore the economy to run its c...Published: 08 Dec 2019 at 11:57hrs | 525 | by Staff reporter
'Our fundamentals are now sound' IMF told - not so with corrupt, rigged elections, game changers
"Zimbabwe's central bank has asked the International Monetary Fund (IMF) to overlook the country's shortcomings in achieving fiscal targets and allow a program to help restore the economy to run...Published: 08 Dec 2019 at 11:20hrs | 363 | by Patrick Guramatunhu
IMF team jets in for crucial talks
A six member delegation from the International Monetary Fund (IMF) led by Gene Leon jetted into the country this week for crucial meetings to revive the Staff Monitored Programme (SMP), which stalled ...Published: 06 Dec 2019 at 07:30hrs | 933 | by Staff reporter
World Bank rules out financial bailout to Mnangagwa
THE World Bank (WB) has ruled out a possible financial bailout to President Emmerson Mnangagwa's government for now, saying Zimbabwe will only continue to benefit from technical assistance, analytical...Published: 03 Dec 2019 at 07:44hrs | 5784 | by Staff reporter
New taxation rules for large multinationals on cards
AFRICAN revenue administrators including Zimbabwe are considering an urgent review of tax incentives granted to large multinational companies whose growing virtual presence in the continent has prejud...Published: 24 Nov 2019 at 14:15hrs | 228 | by Staff reporter
Kasukuwere/Chiwenga combination
It is with utter dismay that I read about Kasukuwere's comeback. There is nothing better that this man can bring to Zimbabwe. Maybe you are just writing to fuel a possible fallout between President Mn...Published: 23 Nov 2019 at 18:33hrs | 6253 | by Mafirakureva Chokwadi
By firing doctors Zanu PF delivered coup de grace on healthcare and, more notably, on Zanu PF itself
From November 2017 to July 2018 Mnangagwa had his party thugs, the rogue war veterans, the Police, Army and CIO on the leash. He did not want to see any violence because he wanted to claim the "2018 e...Published: 22 Nov 2019 at 07:39hrs | 1297 | by Wilbert Mukori
Why Mnangagwa has failed to improve the economic prospects of Zimbabwe?
It is now more than two years since President ED Mnangagwa assumed power with an ostensible mandate from his backers to improve the country's economic fortunes, the nemesis of his predecessor, RG Muga...Published: 21 Nov 2019 at 21:03hrs | 589 | by Martin
Mnangagwa courts the world
THE international community should embrace Zimbabwe as it forges ahead with its engagement and re-engagement drive to attract global capital to rebuild the economy, President Mnangagwa has said. ...Published: 19 Nov 2019 at 05:42hrs | 237 | by Staff reporter
RBZ Autonomy and Quasi-Fiscal Activities
The International Monetary Fund (IMF) has warned the Zimbabwean Government that it needs to give autonomy to its central bank if it is to avert the risk of plunging the economy into hyperinflation aft...Published: 17 Nov 2019 at 18:46hrs | 1142 | by Victor Bhoroma
Mthuli Ncube misses fiscal reform targets
ECONOMIC reforms and austerity measures being spearheaded by Finance minister Mthuli Ncube under the Transitional Stabilisation Programme (TSP) have gone off the rails after it emerged the central ban...Published: 15 Nov 2019 at 06:20hrs | 387 | by Staff reporter
Inflation out of control: Guvamatanga
Finance ministry permanent secretary George Guvamatanga has revealed that the government is not considering removing the 2% tax on mobile transactions despite criticism that it is fuelling inflation....Published: 10 Nov 2019 at 08:46hrs | 931 | by Staff reporter
Mnangagwa's govt has all but trashed re-engagement drive
PRESIDENT Emmerson Mnangagwa's administration has effectively abandoned its international re-engagement agenda as evidenced by public confrontations with the European Union (EU) and United States, rem...Published: 08 Nov 2019 at 05:21hrs | 746 | by Staff reporter
'Mnangagwa's Zimbabwe scoring own goals'
ZIMBABWE is facing a myriad of challenges, including a huge debt overhang which is a stumbling block to new financing, hyperinflation that has eroded people's disposable incomes, and general economic ...Published: 08 Nov 2019 at 05:18hrs | 681 | by Staff reporter
Sanctions on Zimbabwe - Not as simple as many think
IF one wishes to understand the issue of Western sanctions on Zimbabwe, they first have to stop thinking in binary terms by assuming that the restrictive measures affect only a few people, or that the...Published: 08 Nov 2019 at 05:16hrs | 930 | by Zechariah Mushawatu
Zimbabwe in debt distress
LACK of transparency in public debt management and the failure to comply with legal stipulations are now manifesting in depressed fiscal space and low domestic resource mobilisation, analysts have sai...Published: 08 Nov 2019 at 05:15hrs | 384 | by Staff reporter
Open challenge to Zimbabwe govt for nationwide LIVE public debates on so-called sanctions and their real effects
As the vast majority of Zimbabweans continue to drown in this suffocating abyss of the worst economic meltdown in a decade, the government has upped its denial and defensive mode, as it seeks to dodge...Published: 07 Nov 2019 at 13:47hrs | 639 | by Tendai Ruben Mbofana
Zim govt deliberately impoverishing citizens to attract investment by creating cheap labour?
To say that I was petrified listening to the Deputy Minister of Information Energy Mutodi speaking last night (5 November 2019) on the Voice of America's Studio 7, would be the understatement of the y...Published: 06 Nov 2019 at 12:44hrs | 1681 | by Tendai Ruben Mbofana
Mnangagwa to headline economic indaba
President Mnangagwa headlines an economic and financial indaba in Harare on Thursday, which is set to deliberate on solutions to the country's economic challenges, including foreign currency shortages...Published: 05 Nov 2019 at 06:43hrs | 265 | by Staff reporter
Mnangagwa: The tenacity of pan-African moral political-standing
Last week on Thursday after addressing the Second Zanu-PF National Youth League Assembly meeting at the Party's Headquarters in Harare, His Excellency President Emmerson Mnangagwa left for Gaborone, B...Published: 03 Nov 2019 at 06:38hrs | 133 | by Dr Obert Mpofu
'We're going to improve lives of our people,' says Mthuli Ncube
Zimbabweans are bearing the brunt of soaring prices of basic commodities and cash shortages. They are also worried about the continued loss of value of the Zimbabwe dollar. To date, Government's auste...Published: 03 Nov 2019 at 06:35hrs | 651 | by Staff reporter
Govt moans it doesn't have money, but expects impoverished citizens to have money for ever-increasing tariffs!
I am not much of an economist, but the manner in which the Zimbabwe government is seemingly unapologetically overburdening its already suffering citizens with ever-increasing tariffs leaves me with a ...Published: 01 Nov 2019 at 08:43hrs | 2764 | by Tendai Ruben Mbofana
RBZ to inject $1 billion new coins, notes
Cash in circulation will slightly more than double over the next six months, as the Reserve Bank of Zimbabwe (RBZ) injects an extra $1 billion to satisfy legitimate demand for coins and small notes, b...Published: 01 Nov 2019 at 06:24hrs | 631 | by Staff reporter
Fakes news under the spotlight
Government has discouraged the dissemination of fake news on media platforms as it results in panic among citizens. International Communications Services Director in the Ministry of Information, Publi...Published: 31 Oct 2019 at 07:12hrs | 408 | by Staff reporter
Mobile money brings hyperinflation back
Hyperinflation is making an unwanted return to Zimbabwe. We don't know how bad it is because the government has suspended publishing official figures until 2020. But an IMF mission to the country in A...Published: 30 Oct 2019 at 07:47hrs | 1759 | by Staff reporter
Countries ponder laws against calling for sanctions
THE illegal sanctions imposed on the country by some Western countries from the turn of the new millennium have in no doubt impacted negatively on the economy and the livehoods of people, with estimat...Published: 27 Oct 2019 at 09:53hrs | 756 | by Staff reporter
'Enough is enough, remove sanctions now'
Address by President Mnangagwa during the Anti-Sanctions Day main event at the National Sports Stadium.On 18 August 2019, the SADC Heads of State and Government, meeting in Dar es Salam, Tanza...Published: 26 Oct 2019 at 07:42hrs | 736 | by Emmerson D. Mnangagwa
US's racist sanctions cause suffering on Zimbabweans
President Mnangagwa yesterday said the illegal sanctions imposed on the country by the West have brought untold suffering to ordinary people and their impact has also affected neighbouring countries. ...Published: 26 Oct 2019 at 07:33hrs | 111 | by Staff reporter
Zimbabwe, Sadc have spoken; racists sanctions must go now!
Sadc rallied in resounding fashion against Western sanctions on Zimbabwe yesterday. The events across the region marked the climax of a process that started with the declaration, on 18 August this yea...Published: 26 Oct 2019 at 07:31hrs | 137 | by chronicle - editorial
Mnangagwa heaps all the country's economic troubles on sanctions
PRESIDENT Emmerson Mnangagwa Friday took the occasion of the anti-sanctions march to heap all the country's economic troubles on the Western embargo.He was giving his keynote address in front ...Published: 26 Oct 2019 at 07:25hrs | 212 | by newzimbabwe
Zimbabwe, SA sign 'sanctions' pact
Zimbabwe and South Africa yesterday signed a Memorandum of Understanding (MoU) to collaborate and up the tempo in the fight to have sanctions imposed on Harare by the West lifted unconditionally. ...Published: 26 Oct 2019 at 07:25hrs | 242 | by Staff reporter
Restrictions keep coming, Why?
The self-appointed overseer of the world that is the USA think she can own and rule over everything. The US and their side-kick the EU think they can do whatever they want to any country especially in...Published: 22 Oct 2019 at 21:30hrs | 1344 | by Gift Mashoko
World Bank says Zimbabweans should brace for misery
The World Bank has warned that Zimbabwe's economy faces massive turmoil unless the country gets much-needed international assistance urgently. This comes as the country is currently going thro...Published: 18 Oct 2019 at 05:31hrs | 745 | by Staff reporter
Zimbabwe details sanctions impact on health
Illegal sanctions imposed on Zimbabwe by Western countries must be removed as they are not targeted but are affecting ordinary people, Health and Child Care Minister Dr Obadiah Moyo has said. In an in...Published: 18 Oct 2019 at 04:04hrs | 41 | by Staff reporter
Civic society launches door-to-door campaign
Civic Society and Churches Joint Forum (CSCJF) has launched a nationwide door-to-door community awareness programme to educate Zimbabweans on how Western sanctions are affecting the economy. C...Published: 18 Oct 2019 at 03:53hrs | 81 | by Staff reporter
Zimbabwe's 'look East' policy destined to fail, claims think tank
While re-engagement with the West is gridlocked, Zimbabwe will seek to revive its "look East policy" of the Mugabe days.However, not much will come out of it, global think tank The Economist I...Published: 17 Oct 2019 at 08:42hrs | 6 | by TimesLive
Mnangagwa's economy to contract 7,2%, says IMF
The International Monetary Fund (IMF) has widened its estimated contraction for Zimbabwe's economy to 7,1% by year end owing to worsening macro-economic challenges.Previously, the IMF had pred...Published: 16 Oct 2019 at 16:17hrs | 14 | by Staff reporter
Questions arising from Treasury's strategy paper
THREE official documents published in recent weeks paint a different, but fundamentally depressing pictures of Zimbabwe's economy. All pose more questions than answers, leaving readers to ponder the m...Published: 15 Oct 2019 at 06:54hrs | 802 | by Tony Hawkins
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