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Zimbabwe to narrowly avoid recession
Finance minister Mthuli Ncube says Zimbabwe's economy will flat-line this year, narrowly skirting recession in the face of growing headwinds.Initial forecasts had suggested that the economy wo...Published: 14 Jul 2019 at 14:56hrs | 635 | by Staff reporter
Zimbabwe power outages a manifestation of endemic corruption in govt
THE massive daily power outages rocking the country have had a devastating impact on an already fragile economy, throwing into disarray President Emmerson Mnangagwa's mantra that "Zimbabwe is open for...Published: 12 Jul 2019 at 09:24hrs | 1074 | by Staff reporter
Shambles rock Zimbabwe govt over domestic debt
GOVERNMENT is guesstimating the real domestic debt figure despite announcing that it settled a significant portion of it last week as chaos continues to characterise official communication on the stat...Published: 12 Jul 2019 at 09:20hrs | 450 | by Staff reporter
Power cuts cripple informal sector
THE incessant power cuts being experienced across the country have hit the informal sector hardest with players now spending long hours or days without production. The power utility, Zesa, is ...Published: 09 Jul 2019 at 07:17hrs | 242 | by Staff reporter
US$645m traded on interbank market
About US$645 million has been traded on the interbank market since the platform was established in February this year, Reserve Bank of Zimbabwe (RBZ) governor Dr John Mangudya has said. "As at...Published: 09 Jul 2019 at 07:15hrs | 664 | by Staff reporter
Donald Trump's message to Mnangagwa
US President Donald Trump's administration is ratcheting up the pressure on Harare, saying the time has come for President Emmerson Mnangagwa to make a clear choice between implementing much-needed re...Published: 08 Jul 2019 at 08:31hrs | 15837 | by Staff reporter
Mnangagwa rejects conditions on US money
Zimbabwe has rejected preconditions set by the US government to access a US$60 billion facility availed to the African continent at the recent US-Africa Summit held in Mozambique. This was sai...Published: 06 Jul 2019 at 10:01hrs | 1649 | by Staff reporter
IMF welcomes Mthuli Ncube's monetary reforms
The International Monetary Fund (IMF) says the latest reforms announced by both the Ministry of Finance and Economic Development through SI 142 of 2019 and the Reserve Bank of Zimbabwe through exchang...Published: 05 Jul 2019 at 07:49hrs | 3834 | by Staff reporter
The new Zimdollar: What could go wrong?
ZIMBABWE last week made its interim currency, the RTGS dollar, the country's sole legal tender, drawing the curtains on a decade of United States dollar dominance. Harare was forced to abandon its own...Published: 03 Jul 2019 at 08:43hrs | 2097 | by Ed Stoddard
Mnangagwa forced to return Zim Dollar
Zimbabwe People First spokesperson Jealousy Mawarire has said President Emmerson Mnangagwa's government was forced to reintroduce the Zimbabwean dollar whose success depends on him having a political ...Published: 02 Jul 2019 at 18:49hrs | 17170 | by Staff Reporter
Latest on 3 'missing' Air Zimbabwe planes
Air Zimbabwe has denied that three MA60s acquired from China in 2005, had disappeared. The airline says the planes are there and not working but what the Auditor General's office found a...Published: 02 Jul 2019 at 12:01hrs | 10158 | by Mandla Ndlovu
'20% of Soweto births are Zimbabwean children,' says Biti
ZIMBABWE's economic and political crisis is putting pressure on South Africa's ability to deliver services to its people, MDC vice president has claimed.Biti was speaking in a panel discussion...Published: 02 Jul 2019 at 08:31hrs | 1762 | by newzimbabwe.com
Mnangagwa's govt to enforce SI-142 compliance
Zimbabwe's monetary and fiscal authorities have put in place measures to ensure enforcement of Statutory Instrument 142 of 2019, which effectively ended the multi-currency system and determined the "Z...Published: 02 Jul 2019 at 08:07hrs | 735 | by Staff reporter
Recession, Zim Dollar return and Economic Outlook
As the country enters the last half of the year and warms up to the re-introduction of the Zimbabwean Dollar, it is now evident that the economy is swiftly sliding into a recession. In 2018, the econo...Published: 01 Jul 2019 at 12:20hrs | 5219 | by Victor Bhoroma
Mthuli Ncube's quotes on currency reforms . . .
"Replacing the multi-currency regime anchored in the United States dollar by the South African rand as the sole transaction currency would help reduce over-valuation and stimulate exports and growth. ...Published: 01 Jul 2019 at 08:13hrs | 3730 | by Lisa Tazviinga
US$ as deity in Zimbabwe
THE Zimbabwean government recently did the unfathomable, at least according to social media pundits, some civil society organisations, unions and influential urbanites. It arbitrarily and abruptly re-...Published: 28 Jun 2019 at 06:22hrs | 1062 | by Takura Zhangazha
Mthuli Ncube mops up $190m local liquidity to support Zimdollar
Zimbabwe is looking to mop up as much as ZWL1.2 billion from the local market by the end of this week through direct transfer of balances from local finance institutions to the central bank while also...Published: 26 Jun 2019 at 19:34hrs | 4231 | by Staff reporter
Mnangagwa's RTGS$ hits new low
Zimbabwe's interim currency fell to a new low on the black market on Thursday and local firms were demanding payment in U.S. dollars as a hedge against inflation, which is running at its highest in a ...Published: 20 Jun 2019 at 14:46hrs | 8595 | by Reuters
US-Africa summit boost for Zimbabwe
President Mnangagwa yesterday flew to Mozambique for the 12th edition of the US-Africa Business Summit, which provides Zimbabwe a platform to engage with United States of America and African private s...Published: 19 Jun 2019 at 07:34hrs | 477 | by Staff reporter
Army faction wants Mnangagwa gone
President Emmerson Mnangagwa's continued stay in power is now allegedly being seen as an unprecedented threat to national security, by an army faction said to be loyal to Vice President, Rtd General ...Published: 17 Jun 2019 at 22:38hrs | 18168 | by Spotlight Zimbabwe
Zimbabwe's currency reforms dilemma
The Zimbabwean government has indicated that the country will be launching a new currency before the end of 2019. The announcement has caused some confusion amongst businesses and the transacting publ...Published: 17 Jun 2019 at 18:01hrs | 2201 | by Victor Bhoroma
Hope emerges in Zimbabwe
Nearly two decades after the European Union imposed sanctions on Zimbabwe, a thaw in relations is palpable, following praise by the EU ambassador and head of the EU-Zimbabwe Delegation Timo Olkkonen....Published: 17 Jun 2019 at 08:29hrs | 7346 | by EU Today
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 | 1007 | by Mthuli NCube
Zanu-PF will 'solve corruption by making it fair' - 'No, it will work. Simple!'
The one thing Robert Mugabe has instilled in his Zanu-PF cronies is the believe that they know what they are doing when in reality they have no clue. Who can ever forget Mugabe's long speeches "full o...Published: 16 Jun 2019 at 19:03hrs | 311 | by Patrick Guramatunhu
Mnangagwa's soldiers, nurses fail to access their salaries
Some civil servants - most of them soldiers and nurses - failed to access their salaries on Friday after a Mauritian company switched off its electronic payments processing system.Most Zimbabw...Published: 14 Jun 2019 at 20:08hrs | 6461 | by Staff reporter
Mnangagwa's govt re-ignites currency debate
PRESIDENT Emmerson Mnangagwa's remarks over the weekend that Zimbabwe would have a fully-fledged local currency before the end of the year, ending the multi-currency regime enacted in 2009, effectivel...Published: 14 Jun 2019 at 08:25hrs | 2127 | by Brett Chulu
Zimbabwe in austerity-induced recession
"OUTPUT in Zimbabwe is expected to contract in 2019 with a sharp rise in inflation reducing real incomes and foreign exchange shortages constraining activity," the World Bank reports in its Global Eco...Published: 14 Jun 2019 at 08:22hrs | 805 | by Tinashe Kaduwo
Extraordinary measure for extraordinary: A case of Zimbabwe's austerity measures
In the Bible when Jacob was faced with a situation he was supposed to meet Esau his brother he was so afraid knowing that he had subtly stolen the latter's blessing. During the night, Jacob wrestled a...Published: 12 Jun 2019 at 15:34hrs | 830 | by Elijah Chihota
Mthuli Ncube on course to clear Zimbabwe's AFDB debt
ZIMBABWE is on course to clear its US$605 million debt to the African Development Bank (AfDB), which will allow the country to start accessing funds from the bank beginning early next year, the Minist...Published: 12 Jun 2019 at 06:52hrs | 445 | by Staff reporter
Biti challenges Ramaphosa
MDC Deputy National Chair Tendai Biti says President Ramaphosa has a key role to play in resolving the crisis in Zimbabwe. And he warned: 'If Zimbabwe implodes South Africa will suffer'.Biti w...Published: 09 Jun 2019 at 19:44hrs | 5329 | by Zimbabwe Vigil Diary
'Political rivalry shouldn't translate into animosity'
Indo-Zimbabwe relations are largely timeless as trade between the two countries can be traced to the pre-colonial era. Last year, Indian Vice President Shri Venkaiah Naidu visited Zimbabwe and pledged...Published: 09 Jun 2019 at 08:08hrs | 97 | by Staff reporter
Zimbabwe to dump rand, US dollar
Zimbabwean will do away with the multiple currency regime - which includes the rand, US Dollar and other units - currently accepted as legal tender alongside the RTGS$ consisting of bond notes and ele...Published: 07 Jun 2019 at 19:50hrs | 2895 | by Staff reporter
Temba Mliswa confronts Mthuli Ncube
Norton Member of Parliament Temba Mliswa has told Finance Minister Mthuli Ncube to start producing the results because the citizens are suffering. Mliswa said the people of Norton have been as...Published: 07 Jun 2019 at 11:17hrs | 11386 | by Mandla Ndlovu
Zanu PF rigged 2018 elections and is, ipso facto, illegitimate - condemn EU backdoor legitimacy
Zimbabwe and the EU have started re-engagement talks which the Zimbabwe government hopes will culminate in the EU, IMF, WB and other international lenders bankrolling Zimbabwe's economic programme, fo...Published: 07 Jun 2019 at 08:55hrs | 2295 | by Patrick Guramatunhu
Power cuts cripple Victoria Falls
HOTELS in Victoria Falls are reeling from the current power outages that have forced them to use generators for hours as cuts intensify, businessdigest has established.This has seen operating ...Published: 07 Jun 2019 at 07:29hrs | 475 | by Staff reporter
Mthuli Ncube meets US ambassador
Finance and Economic Development Minister Professor Mthuli Ncube yesterday met United States of America Ambassador to Zimbabwe Brian Nichols and discussed a number of issues, including economic reform...Published: 06 Jun 2019 at 07:25hrs | 2281 | by Staff reporter
What the latest IMF report on Zimbabwe means
In the report, the International Monetary Fund (IMF) acknowledges the commitment by President Emmerson Mnangagwa's government to stabilise Zimbabwe's economy.The fund also reveals that the IMF...Published: 05 Jun 2019 at 08:01hrs | 2083 | by newZWire
Zimbabwe economic update with Economist Eddie Cross
We are now 9 months into the Transitional Stabilisation Program and a great deal has been achieved. Let's summarize:* We have eliminated the Fiscal deficit that was the main driver in the past...Published: 04 Jun 2019 at 16:56hrs | 3272 | by Eddie Cross
'Inflation will be 10% by December' boasted Ncube - end corruption and pariah state curse
When the then Minister of Finance, Bernard Chidzero, introduced the 1990-1995 Economic Structural Adjustment Programme (ESAP) he assured the people adjustment was routine and necessary in gearing the ...Published: 04 Jun 2019 at 09:38hrs | 2007 | by Patrick Guramatunhu
Increase foreign currency supply: IMF
THE International Monetary Fund (IMF) says Zimbabwe must step up efforts to increase foreign currency supply and allow exporters to sell their earnings directly on the interbank market to improve liqu...Published: 04 Jun 2019 at 07:12hrs | 702 | by Staff reporter
G7 package to clear Zimbabwe's US$1,3bn WB debt
Government has started token payments to multilateral institutions and plans to borrow from the G7 Community to clear the outstanding US$1,3 billion to the World Bank, according to Finance and Economi...Published: 02 Jun 2019 at 08:18hrs | 669 | by Staff reporter
IMF comes to Mnangagwa's rescue: Full-text
The IMF argues that the Staff-Monitored Program is designed to support Zimbabwe's reform agenda. The SMP will be monitored on a quarterly basis. It is intended to assist the Zimbabwean governm...Published: 02 Jun 2019 at 00:12hrs | 29457 | by Staff reporer
Zimbabwe strikes milestone IMF deal to boost new currency
Zimbabwe's central bank said it would stop printing money as part of a milestone deal with the IMF, which has agreed to monitor vital currency reforms in the southern African nation.Under the ...Published: 01 Jun 2019 at 13:11hrs | 7183 | by Joseph Cotterill in Johannesburg
'Zimbabwe's outlook remains uncertain'
THE International Monetary Fund (IMF) says Zimbabwe's outlook remains uncertain, warning that the large fiscal adjustments needed will be politically and socially difficult to implement.The fu...Published: 01 Jun 2019 at 07:51hrs | 521 | 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 | 756 | by Prosper Chitambara
From KoBulawayo to Bulawayo @ 125
No sooner had Dr Leander Starr Jameson sauntered into the Maxim Hotel located just west of the Market Square did he pronounce Bulawayo a town. That happened on June 1, 1894, making Bulawayo 125 years ...Published: 31 May 2019 at 07:30hrs | 725 | by Pathisa Nyathi
Muzamhindo pushes for National Dialogue Forum
AbstractThe document considers the potential for National Dialogue Forum to create substantial development outcomes to go beyond immediate political, economic and development settlements. Usin...Published: 29 May 2019 at 16:46hrs | 1571 | by Tinashe Eric Muzamhindo
Thomas Mapfumo, Winky D to headline Zimfest Live in August
Chimurenga musician Thomas Mapfumo and Zimdancehall star, Winky D will headline a top line-up of performers at Zimfest Live when it returns in August, it has been announced.ExQ, DJ Tamuka and ...Published: 28 May 2019 at 11:13hrs | 1968 | by Tidi Kwidini
'Zimbabwe has 2nd highest inflation in the world'
The International Monetary Fund has ranked Zimbabwe as the second highest country with inflation in the world in 2019.Zimbabwe's currency the RTGS$ has been losing value and on Tuesday was tra...Published: 28 May 2019 at 11:03hrs | 1711 | by Mandla Ndlovu
Ndiweni: A goat skinner in the place of a chief
Back in my village, when elders with cotton tuft hair sit to discuss matters of State and governance, among intermittent sips and sniffs, there are those whose contribution is known to stupidly go aga...Published: 28 May 2019 at 07:44hrs | 780 | by Isdore Guvamombe
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