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RTG commits US$500 000 towards refurbishing New Ambassador Hotel
Hospitality giant Rainbow Tourism Group (RTG) is nearing the completion of a US$500,000 refurbishment of the New Ambassador Hotel in Harare. The ambitious renovation project, which began on January 6,...Published: 6 hrs ago | 35 | by Staff reporter
Zimbabwe government defies calls to abandon Zimdollar as it continues to lose value
Inflation in Zimbabwe is currently at 75%, and is expected to rise even higher in the coming months. This is due in part to the government's decision to print more money in an attempt to finance its b...Published: 19 May 2023 at 08:41hrs | 9 | by Staff Reporter
Zimbabwe must step up reform agenda, says IMF
ZIMBABWE should step up its reform agenda in order to quicken economic growth and normalise relations with the international community and multilateral lenders, the International Monetary Fund says....Published: 22 Nov 2021 at 06:14hrs | 9 | 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 | 1 | by Learnmore Nyamudzanga
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 | | by Staff reporter
Zimbabwe annual inflation drops by 55,3pc
THE country's annual rate of inflation for the month of June 2021 dropped by about 55,3 percent to 106,64 percent from 162 percent, the Zimbabwe National Statistics Agency (Zimstat) has revealed. ...Published: 29 Jun 2021 at 12:05hrs | 1 | by Staff Reporter
Two years on, the beast is revealed
LAST month marked President Emmerson Mnangagwa's inauguration as the second directly-elected leader of Zimbabwe since independence in 1980.Mnangagwa came riding on the wave of hope that no one...Published: 05 Oct 2020 at 06:49hrs | 1 | by Staff reporter
Zimbabwe's currency reform a step in the right direction says IMF
Zimbabwe's currency reform which resulted in the conversion of bond notes and all electronic money into a currency called the RTGS dollar, will mitigate the current economic woes, characterised by acu...Published: 09 Mar 2019 at 08:43hrs | 5 | by FinX
'We want unity!' says desperate VP Mohadi - new GNU will NOT end economic meltdown
Zimbabwe's economic situation is getting worse and worse by the day; as much as President Mnangagwa and his Zanu PF friends would want to ignore it, it is now clear that they cannot do so. The regime ...Published: 11 Dec 2018 at 07:21hrs | | by Patrick Guramatunhu
Mnangagwa gamble backfires
President Emmerson Mnangagwa has got it all to do after the government's new measures to stabilise the country's sickly economy were rejected by a wide cross-section of the Zimbabwean populace — who...Published: 05 Oct 2018 at 06:28hrs | | by Staff reporter
Mthuli Ncube's stabilisation steps 'inadequate, unhelpful'
Long-suffering Zimbabweans have expressed disappointment in the government's latest economic stabilisation measures that were announced on Monday, adding that they feared that things could take a turn...Published: 03 Oct 2018 at 15:17hrs | | by Staff reporter
Churches back ED on Chamisa
President Emmerson Mnangagwa's plans to officially recognise MDC Alliance leader, Nelson Chamisa, has seen civic organisations and churches throwing their weight behind his gesture by urging the oppos...Published: 24 Sep 2018 at 10:55hrs | 1 | by Jasper Hloka
Britain's StanChart bails out Zimbabwe govt
THE Zimbabwean government has committed to paying the US$1,2 billion arrears to the World Bank by April this year, as the first step towards unlocking fresh funding from multilateral institutions, but...Published: 26 Jan 2018 at 07:59hrs | 1 | by Staff reporter
IMF warns Zimbabwe
The International Monetary Fund has warned Zimbabwe not to take on additional debt under non-concessionary terms, as the country pursues its arrears clearance plan with multilateral lenders.La...Published: 09 Jul 2017 at 08:00hrs | 1 | by The Sources
IMF lifts sanctions against Zimbabwe
The Executive Board of the International Monetary Fund (IMF) approved yesterday on a lapse of time basis, the removal of the remedial measures applied to Zimbabwe that had been in place because of...Published: 15 Nov 2016 at 13:20hrs | | by Staff reporter
The strange case of Zimbabwe's IMF's repayment
On 28 October 2016, Zimbabwe utilized part of its Special Drawing Rights (SDRs) to settle the US$108 million it owed to the IMF's Poverty Reduction and Growth Trust Fund (PRGT), which funds were held ...Published: 26 Oct 2016 at 22:28hrs | | by PDP
Zimbabwe's IMF payment a joke, says Biti
Former finance minister Tendai Biti has warned that Zimbabwe's move to clear its International Monetary Fund (IMF) arrears will not make any difference as long as the country does not implement cr...Published: 23 Oct 2016 at 11:17hrs | 1 | by Staff reporter
Zimbabwe settles $107 million IMF debt
Zimbabwe has miraculously cleared it's staggering $107 million debt to International Monetary Fund.The money was paid on Thursday, IMF Director of Communications Gerry Rice said."On Oc...Published: 21 Oct 2016 at 10:18hrs | | by Staff Reporter
Zimbabwe remains indebted to IMF
Zimbabwe remains indebted to the IMF despite government's commitment to settle its arrears, according to new information from the global lender. Last month, government said it would draw $140...Published: 12 Sep 2011 at 09:33hrs | | by Moyo Roy
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