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Who is causing parallel market rates to spike?
For the past 18 months, the country's economy has been on a rebound, assisted by the stronger performance in the agricultural and mining sectors, an improved balance of payments and external sector po...Published: 23 Sep 2021 at 19:35hrs | 3202 | by Dr Tim Rainhard
Zimbabwe exceeds Africa health funding target
ZIMBABWE has surpassed the Abuja Declaration target which requires that countries spend at least 15 percent of their national budgets on the health sector, Finance and Economic Development Minister Pr...Published: 23 Sep 2021 at 07:51hrs | 443 | by Staff reporter
Bikers converge in Victoria Falls
THE Zimfreeriders Motor Cycle Club is set to hold its Victoria Falls Motor Bike Rally starting today and finishing on Sunday.Dubbed The Brave Hearts, this ride will be the longest inland ride ...Published: 21 Sep 2021 at 21:54hrs | 1058 | by Staff reporter
Is Brics becoming a fading giant?
IT was 13 years ago when the world, mainly developing countries, celebrated the birth of what would be known as Brics — a group of five major emerging economies: Brazil, Russia, India, China, and So...Published: 20 Sep 2021 at 07:13hrs | 353 | by Tapiwa Gomo
Mugabe: A nationalist hero and authoritarian dictator
A group of Robert Gabriel Mugabe admirers, linked to Zanu-PF, has published a profile of Robert Mugabe. They are trying to provide a profile of the late president, combining both the positive and nega...Published: 17 Sep 2021 at 06:21hrs | 335 | by Fay Chung
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
Sakunda seals record sponsorship with Bosso
A company linked to corruption involving billions of dollars is set to be unveiled as the flagship sponsor of Zimbabwe's two biggest football clubs, Dynamos and Highlanders.Sakunda Holdings, w...Published: 12 Sep 2021 at 12:33hrs | 2807 | 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
Zimbabwe foreign currency receipts jump to US$5bn
ZIMBABWE'S foreign currency receipts have risen by 32 percent to US$5,09 billion in the last eight months against US$3,85 billion received in the corresponding period last year. The bulk of th...Published: 09 Sep 2021 at 06:11hrs | 539 | by Staff reporter
Biti - Mthuli Ncube to lock horns over IMF funding
MDC Vice President Tendai Biti and the Minister of Finance Mthuli Ncube are expected to participate in a heated economics debate on Tuesday organized by the Zimbabwe Economics Society under the theme:...Published: 07 Sep 2021 at 12:09hrs | 2690 | by Mandla Ndlovu
Zimbabwe makes first payment to Paris Club in 20 years
ZIMBABWE says it has made its first debt repayment to a group of creditor countries known as the "Paris Club" under a refreshed plan to clear up to US$10,7 billion owed to several multilateral funders...Published: 05 Sep 2021 at 07:06hrs | 2665 | 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
We need to repair our sick politics
AS strange as it might sound or seem, you can be sure there is an imbecile somewhere in our beloved teapot-shaped country that is very unhappy the weatherman is forecasting we might have a very good r...Published: 05 Sep 2021 at 06:49hrs | 85 | by Bishop Lazi
'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
2021 Mid Term Monetary & Budget analysis
The latest mid-term budget and monetary policy statements were presented in a low key mode with emphasis on avoiding policy shocks that can rock the economy. The Zimbabwean government revised upwards ...Published: 01 Sep 2021 at 15:30hrs | 485 | by Victor Bhoroma
Use it or lose it, Zimbabwe new farmers told
Zanu-PF women's league boss Mabel Chinomona, who is also Senate President, has been told to utilise her farm in Chirumhanzu, Midlands, by her juniors as she risks losing the property, in what is seen ...Published: 30 Aug 2021 at 19:59hrs | 1206 | 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
Parents sweat over fees hike
TEACHERS unions have warned of unprecedented school dropouts as parents struggle to raise school fees following a government-imposed 33% hike for the extended term.Schools reopen today for exa...Published: 30 Aug 2021 at 05:49hrs | 777 | by Staff reporter
Abraham Lincoln and building national unity in Zimbabwe
There is a national consensus that the economic Structural Adjustment Programme (eSAP), imposed on Zimbabwe in 1991 by donors led by the IMF and the World Bank, has been one of the leading causes of t...Published: 29 Aug 2021 at 07:17hrs | 244 | by Fay Chung
Zimbabwe's IMF funds targeted for industry
A portion of the US$961 million received from the International Monetary Fund (IMF) in the form of Special Drawing Rights (SDRs) could be used to extend concessionary loans to industry.The IMF...Published: 29 Aug 2021 at 07:10hrs | 153 | 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
IMF funds to power Zimbabwe's economic agenda
The US$961 million boost received from the International Monetary Fund (IMF) last week will give impetus to the country's economic programmes guided by the five-year National Development Strategy 1 (N...Published: 29 Aug 2021 at 07:07hrs | 113 | 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
Chamisa misfires on Covid jabs?
MDC-Alliance leader Mr Nelson Chamisa's propensity to mislead his audience has come to the fore again after he lied during an interview with a Zambian Television station that all the Covid 19 vaccines...Published: 28 Aug 2021 at 05:51hrs | 1628 | 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
Biti's efforts to block IMF from giving Zimbabwe funds failed
Despite MDC-Alliance vice president Tendai Biti's efforts to block the International Monetary Fund (IMF) from giving Zimbabwe nearly US$1 billion in Special Drawing Rights (SDRs), the Government of Zi...Published: 26 Aug 2021 at 17:45hrs | 1415 | 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
Stanbic maintains steady performance in first half
Stanbic Bank has transcended the macroeconomic challenges bedeviling the country to post an inflation adjusted profit after tax of ZWL 1.2 billion for the half year to June 2021.The Standard B...Published: 26 Aug 2021 at 08:26hrs | 363 | 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
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
Zimbabwe welcomes IMF financial package
Zimbabwe has received a decisive economic boost from the International Monetary Fund (IMF) after the institution availed 961 million United States Dollars in a Special Drawing Rights allocation....Published: 24 Aug 2021 at 18:19hrs | 984 | by Staff reporter
Zimbabwe receives US$1bn IMF windfall today, Biti will cry
Zimbabwe is set to get an injection of around US$1 billion, its allocation of Special Drawing Rights (SDRs) from the International Monetary Fund (IMF) today, with part of the money earmarked for healt...Published: 24 Aug 2021 at 06:30hrs | 2715 | by Staff reporter
Zimbabwe can now withdraw US$960 Million from the IMF
Zimbabwe can now withdraw its SDR677.4 million, which is equivalent to US$960 million, from the International Monetary Fund (IMF).IMF managing director Kristalina Georgieva said Monday the org...Published: 23 Aug 2021 at 20:19hrs | 2602 | by Staff Reporter
Zambian economy outplayed Lungu
The misconception that a replication of Edgar Lungu's political dilemma will befall Zimbabwe come 2023 will remain a mirage, not only for Nelson Chamisa who rushed to ululate at the then opposition pa...Published: 23 Aug 2021 at 07:47hrs | 2377 | by Daphine Zulu
When Zambia had a Tsvangirai moment
Phew! What an eventful week it was, from the fall of Kabul to the Taliban and the fall of Edgar "Chagwa" Lungu to Hakainde Hichilema in Zambia.And we also had new Malawian President Dr Lazarus...Published: 22 Aug 2021 at 07:47hrs | 436 | by Bishop Lazi
Chamisa declares that 2023 is his turn
MDC Alliance leader Nelson Chamisa yesterday said he was smelling the "sweet scent of victory" for his party in the 2023 elections inspired by Zambia opposition chief Hakainde Hichilema's win over the...Published: 17 Aug 2021 at 07:27hrs | 2818 | by Staff reporter
'Mnangagwa to blame for Zimbabwe's energy crisis'
LEADER of opposition political party, New Innovative Mordernisation Front (NIMF), Peter Munyanduri has predicted shortages of electricity in the country will persist as long as the Energy Ministry is ...Published: 17 Aug 2021 at 07:24hrs | 1537 | by Staff reporter
Opposition leader Hichilema wins Zambia's Presidential election
OPPOSITION leader Hakainde Hichilema has defeated incumbent Edgar Lungu in Zambia's presidential election, the electoral commission said Monday when releasing the final results from 156 constituencies...Published: 16 Aug 2021 at 07:20hrs | 2361 | by Staff reporter
After 15 years of trying, Hichilema poised to win Zambia polls
OPPOSITION leader Hakainde Hichilema looks set for victory in Zambia's presidential election, which the incumbent Edgar Lungu declared wasn't free and fair as vote-counting continues.With 62 o...Published: 15 Aug 2021 at 21:05hrs | 1511 | by Bloomberg
1 million fully vaccinated in Zimbabwe
Zimbabwe has fully vaccinated more than 1 000 000 of its citizenry against the Covid-19 virus and at least 1 864 204 have received the first dose in the country's ongoing mass vaccination campaign tar...Published: 09 Aug 2021 at 07:32hrs | 272 | by Staff reporter
WHO ranks Zimbabwe high in vaccine procurement
The International Monetary Fund (IMF) and the World Health Organisation (WHO) have rated Zimbabwe among the best countries in the world when it comes to buying and acquiring supplies of Covid-19 ...Published: 05 Aug 2021 at 06:11hrs | 341 | by Staff reporter
IMF approves SDR for Zimbabwe, Biti will not be happy
The International Monetary Fund (IMF) has approved a new general allocation of Special Drawing Rights (SDR) equivalent to US$650 billion, the largest in the IMF's history, in an effort to boost global...Published: 04 Aug 2021 at 06:24hrs | 1608 | by Staff reporter
Zimbabwe's COVID-19 budget dries up
ZIMBABWE'S COVID-19 fight might soon go off the rails if government does not urgently mobilise additional funding after exhausting US$93,2 million of the US$100 million budgeted for vaccine imports, w...Published: 02 Aug 2021 at 07:47hrs | 522 | by Staff reporter
Polad car beneficiary lashes Chamisa
LEADER of a fringe political party, New Innovative Modernisation Front (NIMF), Tendai Peter Munyanduri has defended his decision to accept an Isuzu D-Max vehicle from the government, arguing it was hi...Published: 02 Aug 2021 at 07:30hrs | 2715 | by Staff reporter
Zimbabwe ranked second least happy country in the world
The 2021 World Happiness Report is out, and Zimbabwe ranked one step above Afghanistan, the world’s unhappiest country in the world. A total of 149 countries made the pool of countries that were ran...Published: 31 Jul 2021 at 20:02hrs | 2074 | by Tafara Mtutu
Resurgent power outages to gnaw at growth targets
THE power outages currently besetting the country are set to derail economic growth prospects at a time the economy is already reeling from Covid-19. Zesa has imposed rolling blackouts that ar...Published: 30 Jul 2021 at 07:31hrs | 116 | by Staff reporter
Vaccination remains 'unavoidable', says Mthuli Ncube
TREASURY has so far disbursed US$93,2 million to procure vaccines to combat the spread of the catastrophic Covid-19 pandemic which has claimed millions of lives across the globe and sharply slowed wor...Published: 30 Jul 2021 at 07:29hrs | 258 | by Staff reporter
Zimbabwe Economic Forecast H2 2021
Zimbabwe's economy is largely expected to register modest growth in 2021 buoyed by a bumper harvest in agriculture, partial dollarization and declining inflation, growth in export earnings and increas...Published: 29 Jul 2021 at 13:30hrs | 455 | by Victor Bhoroma
Fact-checking Biti's corruption speech
Opposition MDC Alliance vice president and former finance minister Tendai Biti gave an online speech on corruption in Zimbabwe on July 18, 2021.Here, we check key claims from Biti's address:...Published: 26 Jul 2021 at 19:35hrs | 2171 | by Staff reporter
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