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'ZiG acceptance rate reaches 91%'
Zimbabwe's local currency, ZiG, has seen a significant boost in public confidence, with acceptance rates soaring to 91% from 61% since its launch in April 2024, according to Reserve Bank of Zimbabwe G...Published: 31 Aug 2024 at 11:12hrs | 1788 | by Staff reporter
Zimbabwe foreign currency receipts up US$5,5 billion
ZIMBABWE's foreign currency receipts reached US$5, 5 billion in the first half of 2023 driven by exports and diaspora remittances among other top earners, the Reserve Bank of Zimbabwe (RBZ) latest Mon...Published: 27 Aug 2023 at 09:51hrs | 3 | by Staff reporter
Zimbabwe on alert for measles outbreak
Cabinet received an update on the Country‘s Response to the Covid-19 pandemic, and a report on the procurement and roll-out of vaccines, as presented by the Chairman of the National Covid-19 Inter-M...Published: 24 Aug 2022 at 06:36hrs | 1 | by Staff reporter
Chamisa slams gold coins introduction in Zimbabwe
CITIZENS Coalition for Change leader, Nelson Chamisa, has slammed the introduction of gold coins, saying they are a conduit for corruption, and called for the country to return to exclusive use of the...Published: 03 Aug 2022 at 18:53hrs | 2 | 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 | 2 | by Victor Bhoroma
'Zimbabwe's retailers deserve a wage subsidy'
WHILE government was bullish in the midterm fiscal policy and revised upwards gross domestic product (GDP) growth projections for 2021 from 7,4% initially projected in November last year to 7,8%, grow...Published: 22 Aug 2021 at 08:01hrs | 2 | by Staff reporter
GMAZ happy with Mthuli Ncube and Mangudya
THE grain milling industry has hailed 2021 mid-term fiscal and monetary policies presented by authorities, underscoring that the twin policies would foster price and exchange rate stability, at a time...Published: 12 Aug 2021 at 11:02hrs | | by Simbarashe Sithole
Mthuli Ncube unveils foreign currency income tax thresholds
Treasury has unveiled foreign currency denominated income tax bands that will see the tax free threshold pegged at US$350 while the highest bracket will be for those earning more than US$15 000 per mo...Published: 14 Sep 2020 at 06:31hrs | 1 | by Staff reporter
Shot in the arm for war vets
Government has unveiled an additional $15 million budget towards war veterans to cater for their health, school fees and other welfare issues, a Cabinet Minister has said. Finance and Economic...Published: 17 Aug 2019 at 08:02hrs | | by Staff reporter
Mnangagwa advisor lashes govt, Mthuli Ncube
One of President Emmerson Mnangagwa's most loyal backers, Eddie Cross, has attached the government-accusing it of "practising the worst kind of corruption" and struggling to keep the country afloat. ...Published: 09 Aug 2019 at 08:10hrs | | by Staff reporter
RTGS$ is our domestic currency, says Mthuli Ncube
FINANCE minister Mthuli Ncube yesterday told Parliament that his midterm budget statement earmarked for July will be announced in RTGS dollars as opposed to United States dollars which was the currenc...Published: 17 May 2019 at 17:26hrs | | by Staff reporter
'Zimbabwe is safe under new administration,' says Mnangagwa
PRESIDENT Mnangagwa has assured the nation that Zimbabwe is in good hands under his administration, saying the new administration has attracted US$11 billion Foreign Direct Investment commitment in th...Published: 04 May 2018 at 07:19hrs | | by Staff reporter
Zimbabwe signs up $11 billion FDI in five months
President Mnangagwa has assured the nation that Zimbabwe is in good hands under his administration, saying the new administration has attracted $11 billion Foreign Direct Investment (FDI) commitment i...Published: 04 May 2018 at 07:14hrs | | by Staff rpeorter
Resign, a reshuffle is a waste of everyone's time - PDP
Zimbabwe has for a long time been caught in a permanent fudge status quo, straddling from one crisis to another, radar-less, leaderless and clueless.Government business has come to a standstil...Published: 09 Oct 2017 at 12:04hrs | | by Jacob Mafume PDP Spokesperson
Celebrating the recovery of a paltry $55 000 reflects desperation
On Tuesday the People's Democratic Party released a statement expressing disappointment on the misdirected efforts by government in its desperate attempt to deal with the liquidity crisis.We a...Published: 05 Oct 2017 at 10:36hrs | | by PDP
Beitbridge One-Stop-Border-Post coming soon
Zimbabwe and South Africa yesterday agreed to immediately start measures to operationalise the Beitbridge One-Stop Border-Post (OSBP) and signed five cooperation agreements as relations between the ne...Published: 04 Oct 2017 at 06:51hrs | 1 | by Staff reporter
Finally the IMF gets it right: ZANU cannot run an economy
On the 15th of May 2017 the IMF released a statement summarising their preliminary findings after an Article IV staff team visit to Zimbabwe.The findings published by the IMF, for once confirm...Published: 17 May 2017 at 16:52hrs | 1 | by Jacob Mafume, PDP Spokesperson
Get ready for bond notes - RBZ
The Zimbabwe Reserve Bank today confirmed the introduction of local bond currency at the end of October just in time to pay civil servants bonuses.By end of December $75million worth of ...Published: 15 Sep 2016 at 12:10hrs | | by Thobekile Zhou
Corruption levels alarming, admits Chinamasa
CORRUPTION in both public and private sectors has reached "alarming proportions" and is stifling growth, revenue mobilisation efforts as well as scaring away investors, Finance and Economic Develo...Published: 12 Sep 2016 at 23:36hrs | 1 | by Martin Kadzere
Civil servants say 'NO' to pay cuts
CIVIL servants have said it would be illegal for the Government to cut salaries and suspend bonuses for the next two years as part of austerity measures to bring the economy back on track.Yest...Published: 10 Sep 2016 at 08:16hrs | 2 | by Nqobile Tshili
What we expect in mid-term fiscal policy
As the Minister of Finance is set to present the mid-term fiscal policy today, Zimbabweans are expecting to hear measures that will rescue the economy from a further downward spiral.The econom...Published: 08 Sep 2016 at 14:38hrs | 4 | by Rufaro Shumba
ZimFirst promises Energy Reforms
The ZimFirst President Maxwel Shumba has indicated that one of the first items on the ZimFirst Party agenda when in government will be the tabling for adoption and immediate implementation of its well...Published: 25 Oct 2015 at 10:05hrs | 1 | by Stephen Jakes
ex-Japanese vehicle imports to Zimbabwe fall
BEITBRIDGE Border Post handled fewer Japanese second-hand vehicles this month as new custom regulations announced by Finance Minister Patrick Chinamasa take effect.In his Mid Term Fiscal Revie...Published: 23 Sep 2015 at 06:18hrs | 2 | by Thupeyo Muleya
Mid Term Fiscal Policy Review brought changes in rebate of duty on travelers - Zimra
The Zimbabwe Revenue Authority (ZIMRA) is advising its valued clients that the 2015 Mid-Term Fiscal Policy Review has brought about changes to the rebate of duty on travellers' effects (traveller's re...Published: 06 Sep 2015 at 09:11hrs | | by Stephen Jakes
Second hand clothes, shoes ban backfires
Finance Minister Patrick Chinamasa was yesterday asked to reverse a ban on the importation of second hand clothes and shoes or risk his Mid Term Fiscal Review being rejected by the National Assemb...Published: 05 Aug 2015 at 05:58hrs | | by Staff reporter
Gwanda residents demand construction of roads and bridge
Gwanda residents have called for the construction of roads and bridge in the district amid revelations the Transport and Infrastructure Development Minister Obert Mpofu said it is not government prior...Published: 22 May 2015 at 09:01hrs | 1 | by Stephen Jakes
Zim industry pushes total import ban
Finance and Economic Development Minister Patrick Chinamasa made the most determined assault on imports when he unveiled a raft of tax measures to control the rising tide when he announced the MID...Published: 24 Nov 2014 at 08:18hrs | | by Staff reporter
Tendai Biti proposes solutions to Zimbabwe's economic crisis
Former finance minister, Tendai Biti has proposed several measures to address the economic impasse, arguing that failure to embrace the community of nations was retrogressive.Speaking at a pub...Published: 19 Sep 2014 at 20:45hrs | 1 | by Staff reporter
FBC to surrender building society licence
Listed financial services group FBC Holdings, faced with the possibility of failing to meet new minimum capital requirements by 30 June, plans to surrender its FBC Building Society licence to regulato...Published: 07 Jun 2013 at 04:02hrs | 1 | by Business Reporter
Zimbabwe pushing the boundaries of democracy
The "race to the bottom" in Zimbabwe is characterized today, by an economy of patronage and plunder which will take more to reverse, than merely exposing political deception.This is the second...Published: 05 Aug 2012 at 15:44hrs | 1 | by Vince Musewe
Banks to be forced to pay interest on deposits
GOVERNMENT is working on amendments to the Banking Act to compel banks to pay interest on deposits and set limits on interest rates to be charged on loans.The proposed law will also regulate b...Published: 28 Jul 2012 at 05:10hrs | | by Business reporter
Panic grips Mat South
PANIC has gripped farmers in Matabeleland South Province as cattle have started dying because of lack of pastures. Water shortages have also hit most districts in the province.About 11 cattle ...Published: 27 Jul 2012 at 05:12hrs | 1 | by Staff reporter
Tendai Biti's dangerous fiscal cliff
You do not have to be Sherlock Holmes to see that wrestling on a cliff edge is dangerous. The hyper-critical minister from the MDC-T, Tendai Biti, is expected to fulfil the statutory requirements whi...Published: 18 Jul 2012 at 11:18hrs | | by Econometer Global Capital
Bosso mid-term review meeting summary
Bosso Mid Term Review Summary1. Club will seek to acquire a striker & midfielder. Nothing on Gilbet Banda. 2. Hooliganism was condemned and rightly so.3. Beer Hall operations to commen...Published: 15 Jul 2012 at 14:18hrs | | by Sports reporter
Post Budget Developments in the Zim Economy - Tendai Biti
This is a press statement on Post Budget Developments in the Zimbabwean Economy presented by the Finance Minister, Tendai Biti...Published: 25 Jan 2012 at 13:38hrs | 1 | by Tendai Biti
Zimbabwe's transport sector critical to economic recovery
The Inclusive Government headed by President Robert Mugabe recognizes that transport infrastructure is a pivotal vehicle to economic growth. It plays a cardinal role in socio-economic development thro...Published: 02 Sep 2011 at 06:50hrs | 2 | by Hilton Munendoro
Zimbabwe's transport sector critical to economic recovery
The Inclusive Government headed by President Robert Mugabe recognizes that transport infrastructure is a pivotal vehicle to economic growth. It plays a cardinal role in socio-economic development thr...Published: 02 Sep 2011 at 06:49hrs | 2 | by Hilton Munendoro
MDC-T applauds Biti's Mid Term Fiscal Policy statement
Morgan Tsvangirai led MDC-T applauds the Mid-Term Fiscal Policy review statement that was delivered yesterday in Parliament by Finance Minister, Tendai Biti as it will go a long way in improving the l...Published: 27 Jul 2011 at 13:18hrs | | by Mafu Sithabile
US dollar coins likely to be unveiled in Zimbabwe before end of the year
Presenting the Mid Year Fiscal Policy Review Statement, Minister Biti said the Zimbabwe government was finalising importation of coins from the US. He indicated that the coins are likely to be unveile...Published: 27 Jul 2011 at 04:39hrs | 26 | by Nare Msupatsila
There is no deliberate design to under-develop Matabeleland: Callistus Ndlovu
NO ONE can be pointed as having conjured up the alleged marginalisation of Matabeleland region, former Cabinet Minister and Zanu-PF Central Committee member Dr Callistus Ndlovu said during the week....Published: 16 Jul 2011 at 17:49hrs | | by Moyo Roy
Zimbabwe govt buys top of the range vehicles for ministers
CIVIL servants' representatives yesterday argued that Government has capacity to increase their salaries following reports that it bought 130 top-of-the-range vehicles for Cabinet Ministers, their dep...Published: 18 Jun 2011 at 08:29hrs | 3 | by Mafu Sithabile
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