Search / Liquidity
Mnangagwa must take a chance on Mthuli Ncube's ideas
It is clear that Zimbabwe's new Finance minister Mthuli Ncube is not a shy man and neither is he a coward. He would have been aware, weeks in advance, that he would be appointed Zimbabwe's Treasury ch...Published: 8 hrs ago | 3801 | by Staff reporter
Mthuli Ncube secures $250m loan
The new Minister of Finance and Economic Development, Professor Mthuli Ncube has secured a $250 million commercial loan facility from an international finance company, Gemcorp through the Reserve Bank...Published: 20 hrs ago | 8764 | by Staff reporter
Beyond the fiscal policies, long term national vision is required
The political drama and the rituals that come after elections have come and gone. It is time to hit the ground running and get the country back to normalcy. The new Cabinet is well aware of the challe...Published: 17 Sep 2018 at 07:00hrs | 66 | by Tapiwa Gomo
Mthuli Ncube's five big challenges
NEWLY-APPOINTED Finance and Economic Development minister Mthuli Ncube faces the unenviable task of navigating Zimbabwe's stuttering economy through serious challenges and will need to make tough deci...Published: 16 Sep 2018 at 09:11hrs | 3281 | by Staff reporter
Confusion over $2bn loan from China to Zimbabwe
AFTER its desperate quest for a critical US$2,5 billion bailout package from China hit a snag last week, government has somersaulted and now claims it did not request any such money.Ministry o...Published: 14 Sep 2018 at 16:34hrs | 9098 | by Staff reporter
Mthuli Ncube gets shock reality check
NEWLY-appointed Finance minister Mthuli Ncube - who arrived in the country from Switzerland early this week amid a populist storm and blaze of publicity on how to fix Zimbabwe's critically broken econ...Published: 14 Sep 2018 at 16:27hrs | 12942 | by Staff reporter
To introduce or not to introduce domestic currency in the short run, that is the question!
By "To be or not to be" is the manner the literary genius William Shakespeare chose to employ as an opening of a soliloquy for Prince Hamlet in the play Hamlet. "To re-introduce or not to re-introduce...Published: 11 Sep 2018 at 16:08hrs | 1702 | by Prosper Munyedza
All eyes on Mnangagwa's new Cabinet
THE new Cabinet will be sworn-in at Sate House today with Zimbabweans across the political divide optimistic that President Emmerson Mnangagwa's new 20-member team will immediately hit the ground runn...Published: 10 Sep 2018 at 06:51hrs | 176 | by Staff reporter
Mnangagwa's new Cabinet raises Zimbabwe hopes
President Emmerson Mnangagwa's new Cabinet has raised fresh hopes among long-suffering Zimbabweans that his administration could finally end the misery and despondency that characterised life under fo...Published: 09 Sep 2018 at 17:19hrs | 5818 | by Staff reporter
Causes of liquidity crisis and its impact on economy
DURING the past week, the media has been awash with reports of price hikes of goods and some commodities running out on the market.Products ranging from cement to chickens and other basic comm...Published: 09 Sep 2018 at 08:38hrs | 451 | by Dr Bongani Ngwenya
'Zimbabwe should look beyond US'
FORMER State Enterprises and Parastatals Minister Dr Gorden Moyo says the Government should not read much into the sanctions imposed on it by the United States of America but seek various ways of revi...Published: 09 Sep 2018 at 08:31hrs | 653 | by Staff reporter
Saboteurs behind price increases
PRICE increases that were reported in the country last week were being fuelled by political and economic speculators who were aiming at scuttling the acceptance of President Mnangagwa's new Cabinet, a...Published: 09 Sep 2018 at 08:30hrs | 828 | by Staff reporter
Mnangagwa's quest for Chinese $2bn bailout hits a brick wall
PRESIDENT Emmerson Mnangagwa's quest for a critical US$2 billion bailout package from China in a desperate bid to ease the country's crippling liquidity crisis has hit a brick wall although the Chines...Published: 07 Sep 2018 at 13:02hrs | 1820 | by Staff reporter
Mnangagwa, Chiwenga 'rift' may paralyse govt
UNDERLYING tensions between President Emmerson Mnangagwa and one of his deputies, retired General Constantino Chiwenga, over power struggles, risks distracting the new administration from tackling a p...Published: 07 Sep 2018 at 07:37hrs | 10939 | by Staff reporter
Blow for Mnangagwa, $2bn Chinese bid flops
President Emmerson Mnangagwa's quest for a critical US$2 billion bailout package from China in a desperate bid to ease the country's crippling liquidity crisis has hit a brick wall although the Chines...Published: 07 Sep 2018 at 07:35hrs | 8741 | by Staff reporter
Zimbabwe industry capacity utilisation to exceed 50%
THE country's manufacturing sector capacity utilisation is set to exceed 50 percent this year on the back of gains achieved in the last two years, with more positive prospects under the new political ...Published: 07 Sep 2018 at 06:49hrs | 150 | by Staff reporter
Mnangagwa urged to 'Scrap bond notes'
PRESIDENT Emmerson Mnangagwa's new administration should consider scrapping bond notes, as a way of restoring confidence in the economy, industrialists have said.Zimbabwe introduced the surrog...Published: 06 Sep 2018 at 15:46hrs | 7269 | by Staff reporter
Cement shortage: PPC calms the market
THE country's largest cement manufacturer, PPC Zimbabwe, has said the market has no reason to engage in panic buying of cement and advised retailers to act responsibly in pricing the commodity to avoi...Published: 05 Sep 2018 at 06:40hrs | 1022 | by Staff reporter
Zimbabwe’s expectations are high, justifiably so
Since November 24 last year when President Mnangagwa assumed office following the resignation of Mr Robert Mugabe, expectations have been high for him to change Zimbabwe's complexion and turn around i...Published: 05 Sep 2018 at 06:33hrs | 267 | by Vusi Nyamazana
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 | 2718 | by Don Chigumba
Zimbabwe requires US$2bn to ease liquidity challenges, says Mangudya
The Reserve Bank of Zimbabwe (RBZ) says Zimbabwe requires about US$2 billion to kick start the economy and ease the current foreign currency challenges.The RBZ governor Dr John Mangudya and Fi...Published: 04 Sep 2018 at 12:49hrs | 3512 | by Staff Reporter
Mnangagwa blamed for failure to address 'legitimacy' issues, prices soar
THE prices of basic commodities have risen sharply since elections held on July 30 to levels that are too high for a dollarised economy.The bout of inflation is blamed on excessive government ...Published: 04 Sep 2018 at 06:50hrs | 2277 | by Staff reporter
New faces needed to return trust, inspire growth
So President Emmerson Mnangagwa's term of office is now underway as the clock started ticking the minute he was inaugurated and took oath of office. He is aware of what lies ahead and the burden of ch...Published: 03 Sep 2018 at 06:25hrs | 110 | by Tapiwa Gomo
Mthuli Ncube wants bond notes scrapped
RENOWNED financial, economic and investment expert, Professor Mthuli Ncube, has advised Treasury to scrap bond notes and revert to use of the United States dollar in the meantime while working towards...Published: 03 Sep 2018 at 06:16hrs | 3975 | by Staff reporter
Zimbabwe gold set to breach 30 tonnes annual output
The Reserve Bank of Zimbabwe (RBZ) has applauded the gold mining sector for its strong performance this year as the country gears to breach 30 tonnes output by year-end, a record achievement since att...Published: 02 Sep 2018 at 08:53hrs | 199 | by Staff reporter
Spotlight on Mnangagwa
PRESIDENT Emmerson Mnangagwa faces a herculean task after his inauguration this week as he comes under intense scrutiny on whether he can walk the talk during the next five years of his leadership aft...Published: 01 Sep 2018 at 13:47hrs | 3295 | by Staff reporter
Mnangagwa renews $2 billion Chinese bid
PRESIDENT Emmerson Mnangagwa will tomorrow leave for Beijing, China, to attend the Forum on China-Africa Cooperation (Focac) summit after which he will hold a bilateral meeting with Chinese President ...Published: 01 Sep 2018 at 13:41hrs | 1193 | by Staff reporter
Increasing agriculture productivity
"The sacrosanct cornerstone and golden thread upon which any successful productive economy can be built is the legal protection of private property ownership."We all know that Zimbabwe's agric...Published: 31 Aug 2018 at 15:39hrs | 190 | by Vince Musewe
'Mnangagwa will succeed in reintegrating Zimbabwe'
FITCH Solutions, a leading economic research firm, which is part of reputable global credit rating agency Fitch Ratings, believes President Mnangagwa will make progress in reintegrating Zimbabwe into ...Published: 31 Aug 2018 at 06:40hrs | 656 | by Staff reporter
Prof. Mthuli Ncube: How to kick start Zimbabwe's economic recovery
There is a lot of work to do on the economic front but what is important is to draft a very clear economic vision and strategy for the country, to create an economy that exhibits strong GDP growth ove...Published: 30 Aug 2018 at 22:05hrs | 6213 | by Professor Mthuli Ncube
Time to pick up the pieces and stop political grandstanding
Zimbabwe a land full of plenty but grappling in poverty where the majority are living under the poverty datum line. Now that the elections are over which have been disputed from the time ...Published: 30 Aug 2018 at 07:57hrs | 911 | by Leonard Koni
Mujuru congratulates President Mnangagwa
Noting that the Elections have come and gone, the court challenge has come and gone and the inauguration of the new President of Zimbabwe has also come and gone;Realising that the people of Zi...Published: 28 Aug 2018 at 14:51hrs | 6093 | by Dr JTR Mujuru (People's Rainbow Coalition)
Zimbabwe government shells out $60 million treasury bills
Government's debt to Premier Service Medical Investment (PSMI) is set to increase on account of future interest costs after it approved a $60 million issue of treasury bills (TBs) to refinance and rol...Published: 26 Aug 2018 at 06:43hrs | 1928 | by Staff Reporter
Why RBZ cash injections won't ease crisis
SINCE the Reserve Bank of Zimbabwe (RBZ) announced incremental cash injections into the economy in July, bank queues have persisted; demand for foreign exchange has remained high while the parallel ma...Published: 23 Aug 2018 at 06:38hrs | 984 | by Staff reporter
Elections were NOT free and so US sanctions a back - but so too is the brainwashing
People like Hloniphani Ncube have been thoroughly brainwashed by Zanu PF propaganda and misinformation into believing that sanctions are the root cause of Zimbabwe's economic meltdown. This is nonsens...Published: 12 Aug 2018 at 06:43hrs | 1252 | by Nomusa Garikai
Sanctions just like a bullet would hit the voter not the voted
Mthwakazi activist Hloniphani Ncube has said since the advent of sanctions in Zimbabwe after the introduction of the MDC into the political field the negative effects have only hit hard the voter not ...Published: 11 Aug 2018 at 10:33hrs | 1059 | by Stephen Jakes
Vingirai to regain control of seized banking assets
VETERAN banker Nicholas Vingirai stands to regain full control of his banking assets which were controversially seized by government in 2004 and later sold to ZB Holdings, once a deal to split the int...Published: 10 Aug 2018 at 11:32hrs | 1144 | by Staff reporter
Zimbabwe licking self-inflicted political, socio-economic wounds
ZIMBABWE'S current economic woes were self-inflicted and the ruling party, Zanu-PF, should take full responsibility for the demise of the economy.For instance, the country has a habit of viola...Published: 08 Aug 2018 at 06:39hrs | 474 | by Mthandazo Nyoni
Factors impeding growth of industry in Bulawayo
IN my first submission I sought to unpack Bulawayo deindustrialisation and highlighted the political impact on the state of the manufacturing sector.Today I continue my submission with focus o...Published: 08 Aug 2018 at 06:31hrs | 313 | by Obert Sibanda
'Banks to give out more cash'
The Reserve Bank of Zimbabwe (RBZ) says people should expect to withdraw more cash from their banks in the coming weeks, just like what happened at the weekend when Automated Teller Machines (ATMs) di...Published: 07 Aug 2018 at 08:00hrs | 15440 | by Staff reported
Divided nation, broken economy face Zimbabwe's new leader
President Emmerson Mnangagwa's tenure as Zimbabwe's newly-elected president got off to a rocky start.President-elect Emmerson MnangagwaHe narrowly secured a five-year term in an election marre...Published: 07 Aug 2018 at 07:35hrs | 509 | by Bloomberg
Product dumping killing Zimbabwe industry
As local manufacturers struggle to raise foreign currency to import raw materials and equipment on one end, another uncontrolled delinquent flourishes on the other to their detriment. Cheap imports ha...Published: 07 Aug 2018 at 07:31hrs | 227 | by Victor Bhoroma
'Zimbabwe will remain on an election mode after disputed poll'
HUMAN rights activist Farai Maguwu has said the country will remain in election mode as citizens seek a solution to a crisis of governance.This comes after President Emmerson Mnangagwa narrowl...Published: 04 Aug 2018 at 09:34hrs | 721 | by Staff reporter
Zimbabwe cash crisis solution
A Zimbabwean man shows off new bond notes outside a bank in Harare on November 28, 2016. Picture: Philimon Bulawayo/ReutersPursuant to the adoption of the multicurrency system in Zimbabwe unti...Published: 27 Jul 2018 at 15:27hrs | 2597 | by Colls Ndlovu
Zimbabwe GDP growth to go up by 15% next year
Zimbabwe's economy will register a significant Gross Domestic Product (GDP) growth of 6,5% this year, before shooting to 15% next year, should next week's elections be credible, with a clear winner, a...Published: 27 Jul 2018 at 11:25hrs | 602 | 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 | 9411 | by Eric Chiriga and John Kachembere
Zimbabwe Elections 2018: The big read
Always on guard for synonyms of the word "election", I stroked through thesauruses, translations and search icons I could lay my fingertips on. I simply fell for one word-"choice". At least chosen can...Published: 25 Jul 2018 at 07:11hrs | 388 | by Sharon Hofisi
Bond notes vanish in Zimbabwe
BOND notes continue to vanish from the formal market, with latest statistics indicating that only seven percent of the unique currency's issued value was in circulation at the close of 2017.Ac...Published: 23 Jul 2018 at 13:09hrs | 7180 | by Staff reporter
Mujuru to win the Zimbabwe presidential election on July 30
THREE years after she was unceremoniously fired from Zanu-PF and government, former vice-president Joice Mujuru will on July 30 contest her first election as an opposition candidate and she believes v...Published: 22 Jul 2018 at 10:36hrs | 1547 | by Staff reporter
Mnangagwa govt hunts for $2bn funding
PRESIDENT Emmerson Mnangagwa's administration is frantically negotiating a critical US$2 billion bailout package with a top Chinese bank, the Industrial and Commercial Bank of China (ICBC), and other ...Published: 20 Jul 2018 at 16:00hrs | 1904 | by Staff reporter
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