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Mthuli raises $500 million in treasury bill sales
Zimbabwe has raised $500 million in TB auctions that it will use to help combat the spread of the coronavirus. Finance Minister Mthuli Ncube said government aimed to raise $1 billion in emerge...Published: 10 hrs ago | 804 | by Staff reporter
Mthuli Ncube not involved in murky govt payments
FINANCE Minister Mthuli Ncube yesterday absolved himself from the murky procurement of Zupco buses and supply of COVID-19 protective equipment by companies whose owners are linked to President Emmerso...Published: 11 hrs ago | 616 | by Staff reporter
Zimbabweans cries for US$ return
THERE is growing pressure on the government to ditch the collapsing Zim dollar and reinstate the multi-currency system, anchored by either the United States dollar or the South African rand, to stem t...Published: 02 Jun 2020 at 09:25hrs | 1249 | by Staff reporter
How Zimbabwe can return to economic glory days
Former Economic Planning and Investment Promotion minister Tapiwa Mashakada (TM) believes Zimbabwe can return to its glory days of the early 1980s when the economy was stable and end poverty. He discu...Published: 01 Jun 2020 at 08:51hrs | 492 | by Staff reporter
Zimbabwe's inflation spikes to 765.57% in April: Zimstat
Zimbabwe's year-on-year inflation galloped to 765.57 percent in April, up from 676.39 percent in the previous month, statistical agency Zimstat said on Tuesday.On a month-on-month basis, infla...Published: 01 Jun 2020 at 08:29hrs | 151 | by Staff reporter
Zimbabwe hyperinflation: ZASH the natural alternative
Covid-19 pandemic has been the worst crisis in this century. Many governments in the world are struggling to fight the pandemic which has drastically affected world economies. Global governments respo...Published: 31 May 2020 at 10:09hrs | 1076 | by Sammy ChiyazMan
Corruption not sanctions killing Zimbabwe
Zimbabwe has been grappling with corruption for years now, dating back from the Willovale Motor Scandal, GMB saga where the late former Minister Kumbirayi Kangai was involved.In 1994 War...Published: 31 May 2020 at 10:02hrs | 813 | by Leonard Koni
Mnangagwa's top bodyguard lands lucrative Covid-19 supply deals
President Emmerson Mnangagwa's top bodyguard won lucrative contracts to supply Covid-19 equipment to the ministry of health without going through a competitive bidding process, ZimLive can exclusively...Published: 30 May 2020 at 20:50hrs | 5518 | by Staff reporter
Mnangagwa's US$1 million Coronavirus tender saga takes new twist
United Arab Emirates based company Drax International which was recently caught in a procurement storm has threatened legal action against publications whom they accuse of making unsubstantiated c...Published: 29 May 2020 at 10:16hrs | 3619 | by Mandla Ndlovu
Khupe demands share of Chamisa's loot
THE Thokozani Khupe-led MDC-T has approached the High Court seeking to be joined as a party to an on-going application filed by Nelson Chamisa-led group, MDC Alliance demanding that the Finance minist...Published: 29 May 2020 at 08:48hrs | 5592 | by Staff reporter
Mnangagwa, stew over economy
President Mnangagwa has directed Finance Minister Mthuli Ncube and Reserve Bank of Zimbabwe governor John Mangudya to announce economic stabilisation measures following a meeting on Wednesday. ...Published: 29 May 2020 at 08:45hrs | 4883 | by Staff reporter
Zupco bus deal a hot potato in govt circles
CABINET ministers were evasive this week after being asked to explain the details of a murky deal between the government and Landela Investments (Pvt) Ltd, a company linked to President Emmerson Mnang...Published: 29 May 2020 at 08:35hrs | 3364 | by Staff reporter
Mthuli Ncube in catch-22 situation
THE provision of subsidies to small-scale gold miners in defiance of advice from the International Monetary Fund (IMF) has left the government in a quandary amid a rapidly deteriorating economy....Published: 29 May 2020 at 08:30hrs | 1811 | by Staff reporter
Price controls have failed, govt admits
INDUSTRY and Commerce minister Sekai Nzenza yesterday admitted in Parliament that the moratorium on prices increases imposed by government on retailers during the COVID-10 crisis had not worked, with ...Published: 29 May 2020 at 08:29hrs | 1243 | by Staff reporter
Zimbabwean MPs press for new cars
THE cash-strapped government is under pressure to release vehicles for MPs of the current Ninth Parliament and Justice minister Ziyambi Ziyambi has been tasked to discuss the matter with his Finance c...Published: 29 May 2020 at 08:29hrs | 731 | by Staff reporter
'Zimbabwe must get debt clearance from China'
FORMER State Enterprises and Parastatals minister Gorden Moyo has urged government to ask for debt cancellation from China so that the southern African nation could be able to contain the COVID-19 cur...Published: 29 May 2020 at 08:23hrs | 492 | by Staff reporter
Mnangagwa's son in US$1m COVID-19 tender scam
GOVERNMENT early this month went out of its way to authorise payment of nearly US$1 million for a consignment of COVID-19 equipment at an inflated cost from a company linked to President Emmerson Mnan...Published: 29 May 2020 at 08:20hrs | 412 | by Staff reporter
Clueless gaze in the face of free-falling Zimdollar
THE spectacular collapse of the Zimbabwean dollar in the past week has yet again exposed the government's bankrupt currency policies worsening the country's deepening economic crisis.The Zimdo...Published: 29 May 2020 at 08:17hrs | 419 | by Staff reporter
Catastrophe looms in Zimbabwe, says SA's BusinessDay
As Zimbabwe enters the next phase of its coronavirus-induced lockdown - a partial but indefinite hold on economic activity - fears for the country’s economic future are rising.The economy wa...Published: 28 May 2020 at 20:45hrs | 3599 | by Chris Muronzi I BusinessDay
Ministry of Finance denies giving Mnangagwa's son US$1 million
Permanent Secretary in the Ministry of Finance George Guvamatanga has refuted reports that the Treasury had paid an amount of US$1 million to Drax International, which is owned by Delish Nguwaya, a bu...Published: 28 May 2020 at 13:35hrs | 4659 | by Mandla Ndlovu
Mnangagwa-linked company nets US$1 million in Covid-19 funds
The finance ministry authorised the payment of US$1 million for a consignment of Covid-19 equipment at inflated prices from a company linked to President Emmerson Mnangagwa's son, according to a leake...Published: 28 May 2020 at 11:50hrs | 4463 | by Staff reporter
EXPOSED: Mthuli Ncube's ministry in Covid-19 equipment fraud
The finance ministry has approved a nearly US$1 million payment to Drax International, a company linked to President Emmerson Mnangagwa's son, Collins, for Covid-19 equipment at inflated prices. ...Published: 28 May 2020 at 08:58hrs | 2662 | by Staff reporter
Zimbabwe banks face US$ refund Bill: Veritas
LOCAL legal think-tank Veritas says if the Supreme Court upholds the High Court of Zimbabwe decision dismissing the central bank regulation that separated Real Time Gross Settlement (RTGS) and nostro ...Published: 28 May 2020 at 08:00hrs | 2128 | by Staff reporter
Insights into Mangudya's era of fibs, fiddling
RESERVE Bank of Zimbabwe governor John Mangudya (pictured) says he has been praying for Zimbabweans to understand economics. Zimbabweans, in turn, have been making the same prayers - for him.T...Published: 28 May 2020 at 07:59hrs | 1302 | by newZWire
Suspension of maize meal, flour duty unsettles local millers
THE Small and Medium Millers Association of Zimbabwe (SMMAZ) says the suspension of customs duty on imported wheat flour and maize meal would cripple production and viability of the local milling indu...Published: 28 May 2020 at 07:37hrs | 533 | by Staff reporter
Mthuli Ncube to unveil price stabilisation measures
GOVERNMENT will soon announce measures to stabilise prices of basic commodities while arresting inflation as consumers' buying power continues to drop. While prices of basic commodities are constantly...Published: 28 May 2020 at 07:36hrs | 2061 | by Staff reporter
Sadc ministers to meet over Covid-19
SADC Council of Ministers are scheduled to hold a virtual meeting tomorrow to consider issues of regional development, cooperation and the economic impact of Covid-19. Foreign Affairs and Inte...Published: 28 May 2020 at 07:35hrs | 256 | by Staff reporter
Mthuli Ncube summoned to explain economic mess
A ZANU-PF MP for Rushinga, Tendai Nyabani has asked parliament speaker Jacob Mudenda to summon Finance Minister Mthuli to the house to explain why the country's economy continues to take a nose-dive....Published: 28 May 2020 at 07:33hrs | 1030 | by newzimbabwe
Tshinga Dube calls for GNU to rescue economy
FORMER War Veterans minister Tshinga Dube is known for his straight talk and fearless character. A long-time serving Zanu-PF member and a liberation stalwart, Tshinga always speaks out his mind when g...Published: 27 May 2020 at 20:25hrs | 2277 | by Staff reporter
'Zimbabwe working on COVID-19 herbal remedies'
HEALTH minister Obadiah Moyo yesterday said the country was carrying out a research on COVID-19 cure which includes herbal remedies.Moyo made the remarks in Parliament when he appeared before ...Published: 27 May 2020 at 07:42hrs | 716 | by Staff reporter
Mthuli suspends duty on flour, maize meal
Customs duty on imported wheat flour and maize meal has been suspended for six months from 22 May to 21 November in terms of regulations gazetted yesterday by Minister of Finance and Economic Developm...Published: 27 May 2020 at 07:13hrs | 1490 | by Staff reporter
Zimbabwe: IMF hammers country already on its knees
Mercifully, Zimbabwe's infection and death rates from Covid-19 are so far very low but the economy, already labouring under the effects of drought, has been hit by the lockdowns. Worse, the IMF has de...Published: 27 May 2020 at 07:12hrs | 693 | by Baffour Ankomah I New African Magazine
ZANU PF Inspired by Nazis
on "Africa Day," as reports surface that they lack Ubuntu and are STARVING even the INNOCENT CHILDREN of Zimbabwe.Some of the great work being done by the ladies from the humble kitchen called...Published: 26 May 2020 at 18:13hrs | 1298 | by Thabo Makuyana
Zimbabwe revels in global oil sector crisis
FINANCE minister Mthuli Ncube has conceded that Zimbabwe will come out of the COVID-19 pandemic heavily bruised and with a negative economic growth, but said there were positives to be drawn from the ...Published: 26 May 2020 at 08:21hrs | 804 | by Staff reporter
Mnangagwa running out of time
PRESSURE is mounting on the country's political leadership to put their differences aside and hold much-needed dialogue to help end the country's deepening economic crisis.This comes as life f...Published: 25 May 2020 at 13:03hrs | 11075 | by Staff reporter
Zimdollar crashes
LONG suffering Zimbabweans will have to dig deeper into their pockets to survive, after prices of basic goods went up sharply again at the weekend - on the back of the collapsing Zim dollar.At...Published: 24 May 2020 at 16:50hrs | 10704 | by Staff reporter
America wants Mnangagwa, Chamisa talks
WITH Zimbabwe's political and economic crises deepening, the United States of America (USA) and the European Union (EU) have once again implored authorities to engage the MDC to end the country's myri...Published: 22 May 2020 at 20:14hrs | 3844 | by Staff reporter
Operation restore legacy a failure
Emmerson Mnangagwa's Operation Restore Legacy has dismally failed the litmus test.The progressive Zimbabweans are sick and tired of this regime and are ready to give the system the knock out p...Published: 22 May 2020 at 11:37hrs | 1335 | by Leonard Koni
Queen B in Zupco buses procurement scandal
LEAKED government documents this week confirmed that buses initially said to belong to Zimbabwe United Passenger Company (Zupco) were imported by a private company Landela Investments (Landela), befor...Published: 22 May 2020 at 07:18hrs | 4638 | by Staff reporter
Operation Restore Legacy a failure
PRESIDENT Emmerson Mnangagwa's Operation Restore Legacy has dis-mally failed the litmus test. Zimbabweans are sick and tired of this regime and are ready to give the system the proverbial suck...Published: 22 May 2020 at 07:04hrs | 438 | by Leonard Koni
2 Zimbabwean banks removed from sanctions list
Agribank and the Infrastructure Development Bank of Zimbabwe (IDBZ) have now been fully removed from the US sanctions list, the American Department of the Treasury has announced, allowing them to do i...Published: 22 May 2020 at 06:23hrs | 613 | by Staff reporter
Zimbabwe's policymakers are flying blind
...COVID-19 exposes gaps in social infrastructureThe lack of accurate data, which is the lifeblood of any economy, is a disease of incompetent governance and makes informed economic developmen...Published: 21 May 2020 at 19:42hrs | 743 | by Vince Musewe
RBZ not printing more money, says Mthuli Ncube
FINANCE Minister Mthuli Ncube has said the printing of new $10 and $20 denominations does not translate to the Reserve Bank of Zimbabwe (RBZ) printing more money, but it was merely swapping RTGS balan...Published: 21 May 2020 at 07:12hrs | 2400 | by Staff reporter
Dumiso Dabengwa Foundation, Zapu host virtual Dabengwa anniversary
THE Dumiso Dabengwa Foundation in conjunction with Zapu will next week hold a week-long virtual first-anniversary celebration for the late Zapu leader and national hero, who passed on in May last year...Published: 19 May 2020 at 07:54hrs | 294 | by Staff reporter
For country or love? Mangwana, Mthuli Ncube must put money where mouth is
Let's be honest, at law there is nothing wrong in individuals acquiring dual citizenships.Even the Zimbabwean constitution has not said anything untoward about multiple or dual citizenships ex...Published: 17 May 2020 at 15:22hrs | 3254 | by Josiah Mucharowana in Pretoria
'Bulawayo water woes to ease by monthend'
WATER problems bedevilling Bulawayo are expected to ease before the end of the month as the Government has moved swiftly to augment supplies through rehabilitating more boreholes at the Nyamandlovu Aq...Published: 17 May 2020 at 09:21hrs | 985 | by Staff reporter
Mthuli Ncube to appeal High Court ruling on Exchange Control Directive
THE Minister of Finance and Economic Development Professor Mthuli Ncube assured the nation that the monetary arrangements which were put in place as a result of the Exchange Control Directive will rem...Published: 16 May 2020 at 18:06hrs | 2573 | by Staff reporter
Bulawayo has enough water for a year, says Govt
Government has brushed aside a proposal by the Bulawayo City Council (BCC) to declare the water situation a national disaster, saying there is enough water to last up to 14 months.With the dam...Published: 16 May 2020 at 09:20hrs | 1150 | by Staff reporter
Mnangagwa intervenes in Bulawayo water crisis
PRESIDENT Mnangagwa has been engaged over Bulawayo water woes and Government has started implementing a plan to solve the crisis. To that end, consultant engineers have been roped in to come up with s...Published: 16 May 2020 at 07:16hrs | 958 | by Staff reporter
New $10, $20 notes next week
New $10 and $20 banknotes are being introduced with the red $10 note circulating from Tuesday next week and the blue $20 note from the first week of June, the Reserve Bank of Zimbabwe (RBZ) has announ...Published: 16 May 2020 at 07:13hrs | 699 | by Staff reporter
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