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John II's mission impossible to save Zimbabwe economy clocks 100 days
Zimbabwe's new central bank Governor John Mushayavanhu has done the seemingly impossible in his first 100 days - created a stable currency and tamed price pressures in a nation that's been a poster-ch...Published: 08 Jul 2024 at 11:06hrs | 6 | by Staff reporter
ZSE rebases bourse to reflect ZiG
THE Zimbabwe Stock Exchange (ZSE) is re-basing all its indices following the introduction of a new currency, Zimbabwe Gold (ZiG), last week.ZSE said all the ZSE indices would be re-based to 10...Published: 09 Apr 2024 at 06:22hrs | | by Staff reporter
Zimbabwe campaign for foreign direct investment intensifies
IN a strategic move meant to bolster the country's economic landscape, the Minister of Finance, Economic Development and Investment Promotion, Professor Mthuli Ncube, is set to spearhead a series of F...Published: 07 Apr 2024 at 10:05hrs | | by Staff reporter
Zimbabwe's structured currency launch on Friday
IN a bid to address currency volatility and exchange rate-driven inflation badly battering the economy amid arbitrage, the Zimbabwean government will next week launch a "structured currency" which the...Published: 31 Mar 2024 at 20:50hrs | | by Staff reporter
'Zimbabwe economic data questionable'
A team of technical experts from the International Monetary Fund (IMF) this week called into question the authenticity of economic data compiled by the Zimbabwe National Statistics Agency (Zimstat), r...Published: 22 Dec 2023 at 18:14hrs | 7 | by Staff reporter
Harare-Beitbridge highway project: A new big step in the right direction
AS we turn right off the Harare-Beitbridge highway - just before the intersection of the Harare and Bulawayo arteries five kilometres north of Beitbridge Border Post on the banks of the Limpopo River ...Published: 25 Jul 2022 at 07:57hrs | 1 | by Staff reporter
Mnangagwa linked gold dealers mint money through govt incentives
GOVERNMENT'S Gold Incentives Scheme (GIS) has come under scrutiny amid indications it is largely benefitting politically connected persons, mainly President Emmerson Mnangagwa's close ally Pedzisayi "...Published: 18 Jun 2022 at 16:18hrs | 8 | by Staff reporter
IDs still difficult to get
CITIZENS are still struggling to access national identity (ID) documents and birth certificates despite government launching a national mobile registration exercise last week.The situation is ...Published: 13 Apr 2022 at 06:43hrs | | by Staff reporter
Soldiers fire blanks
Black Rhinos 0 0 Cranborne BulletsARMY sides Black Rhinos and Cranborne Bullets played out to a thrilling nil-all draw in their Chibuku Super Cup Group Three encounter here yesterday.The m...Published: 30 May 2021 at 08:43hrs | | by Staff reporter
Mwonzora could be digging his own grave
Douglas Mwonzora's support for controversial amendments to the constitution is a mistake that could destroy his political career because the changes to the supreme law are not popular among the electo...Published: 02 May 2021 at 09:36hrs | 6 | by Staff reporter
De-campaigning Zimbabwe through falsehoods
With special thanks to cde Bwoni. For the past twenty years Zimbabwe has been groaning under great satanic sanctions which have destroyed our livelihood. To ma'ke it worse the opposition...Published: 17 Nov 2020 at 12:11hrs | 6 | by Dr Masimba Mavaza
Striking doctors, nurses receive threatening calls
Striking doctors and nurses have allegedly been receiving threats from anonymous people, trying to force them to return to work.Health workers, including nurses, downed tools three months ago ...Published: 06 Sep 2020 at 09:06hrs | | by Staff reporter
Zimbabwe inflation calculation deferred till 2020
ZIMBABWE has suspended calculation and publication of annual inflation rates until February next year to rebase consumer prices indices, after reintroducing local currency, to ensure that the data ref...Published: 02 Aug 2019 at 08:17hrs | | by Staff reporter
Let's resolve politics first
THE economic crisis continues to deepen with rising inflationary pressures, worsening shortages of foreign currency, electricity and fuel, amid a widening gap between the official and unofficial excha...Published: 31 May 2019 at 08:05hrs | | by Prosper Chitambara
Zimbabwe to rebase economy after adopting new currency
Finance Minister, Mthuli Ncube, announced the rebasing of the economy on Wednesday, following the adoption of a new currency earlier this year, and said growth would be slowed this year by a drought a...Published: 15 May 2019 at 22:02hrs | | by Reuters
Key constraints to economic growth in Zimbabwe
Zimbabwe is a naturally endowed country with unimaginable potential across various economic sectors from mining, tourism, agriculture and manufacturing among others. The country has a highly diversifi...Published: 04 Mar 2019 at 10:11hrs | 1 | by Victor Bhoroma
Mnangagwa aims guns at Chamisa's uncle
President Emmerson Mnangagwa's government looks to be lining up opposition leader Nelson Chamisa's uncle Peter to be the fall guy after the Zanu-PF leader angrily blasted an unnamed official for all...Published: 24 Feb 2019 at 18:32hrs | | by Staff reporter
'GDP rebasing to lower insurance penetration'
THE rebasing of Zimbabwe's gross domestic product (GDP) in 2018 will lower insurance penetration rate by 2,9%, an industry official has said.Insurance and Pensions Commission (Ipec) acting com...Published: 22 Feb 2019 at 09:08hrs | | by Staff reporter
Time is right for alternative money
THE controversy surrounding the introduction of another local currency continues unabated. This time it was the former Finance minister, Tendai Biti, who ignited the current debate when he announced g...Published: 15 Feb 2019 at 08:24hrs | 9 | by Zimwara
Zimra adds 20 000 new taxpayers
The Zimbabwe Revenue Authority (Zimra) registered 20 000 new taxpayers last year as it ratcheted up efforts to increase tax compliance.Revenues accrued to the national purse in the 11-month pe...Published: 10 Feb 2019 at 05:43hrs | | by Staff reporter
'Mthuli Ncube's budget is a waste of time'
IT is a great pleasure to debate the 2019 national budget. This budget, Honourable Speaker Sir, could not have come at a time of greater fragility and greater vulnerability of our country....Published: 23 Dec 2018 at 09:14hrs | | by Tendai Biti
Economy rebasing to grow Zimbabwe revenue
The rebasing of the Zimbabwean economy has highlighted additional opportunities to grow revenue and also pointed to high levels of tax evasion, Finance and Economic Development Minister Mthuli Ncube h...Published: 10 Dec 2018 at 05:32hrs | | by Staff reporter
Mthuli Ncube statement at the United Nations High Level Meeting on Middle Income Countries
STATEMENT BY HON. PROFESSOR MTHULI NCUBE, MINISTER OF FINANCE AND ECONOMIC DEVELOPMENT, ON THE OCASSION OF THE UNITED NATIONS HIGH LEVEL MEETING ON MIDDLE INCOME COUNT...Published: 04 Dec 2018 at 19:03hrs | | by Staff Reporter
Zimbabwe economy set to grow by 3,1%
Zimbabwe's economy is projected to grow by 3,1 percent in 2019, which is lower than the 2018 anticipated growth of 4 percent, on subdued agriculture performance due to unfavourable weather conditions....Published: 23 Nov 2018 at 05:13hrs | | by Staff reporter
Mnangagwa doing things differently from Mugabe
Much to the chagrin of the opposition dictatorship, Nkosana Moyo predicted, well before the elections, that a President Emmerson Mnangagwa would do things, (not necessarily well), but certainly differ...Published: 11 Nov 2018 at 12:55hrs | 1 | by Zifiso Masiye
Zimbabwe govt wage bill to hit $3,7bn after salary hikes
GOVERNMENT'S wage bill is seen growing by 16% this year to $3,7 billion, rising to $3,9 billion next year and pushing the budget deficit to nearly 14% of the gross domestic product (GDP), government p...Published: 31 Oct 2018 at 05:26hrs | | by Staff reporter
Zimbabwe's quest for debt forgiveness thrown out
Zimbabwe's quest to pursue the Highly Indebted Poor Countries (HIPC) debt forgiveness option has been thrown into disarray amid resistance from the United States and government's decision to rebase th...Published: 28 Oct 2018 at 21:18hrs | | by Staff reporter
Tendai Biti always has something to say
The Daily News on Sunday's Pauline Hurungudo sits down for a wide-ranging interview with former Finance minister Tendai Biti, who is also the deputy national chairperson for the MDC, about the state o...Published: 21 Oct 2018 at 14:19hrs | | by Staff reporter
Agricultural productivity a panacea to Zimbabwe's economic revival
Zimbabwe's economy is hinged on agriculture which feeds a number of downstream industries that process agricultural produce into various foods for both humans and livestock. The revival of this sector...Published: 16 Oct 2018 at 15:15hrs | | by Elijah Chihota
Zimbabwean economy reflects state of governance
IN 2015, I argued that the economy was Zanu-PF's most virulent opposition.The 2016 introduction of bond notes pegged to the US dollar saw the emergence of a parallel market for foreign exchang...Published: 12 Oct 2018 at 13:47hrs | | by Brian Kagoro
Zimbabwe rebases economic data
The Zimbabwe Statistical Agency has rebased some of its economic statistics, in an unexpected move that finance minister Mthuli Ncube said on Friday had increased the nominal size of the struggling ec...Published: 07 Oct 2018 at 08:47hrs | | by Staff reporter
Zimbabwe's economy '4.7% larger'
Zimbabwe's economy is now 40% larger after their statistics agency rebased key data.The Zimbabwe Mail quoted Finance Minister Mthuli Ncube as saying, “Our economy is bigger than we thin...Published: 05 Oct 2018 at 17:32hrs | | by BBC
Zimbabwe underestimating its GDP
Zimbabwe's gross domestic product (GDP) reached $17, 85 billion last year, which is an all-time high, according to industry and commerce experts TradingEconomics.comZimbabwe's GDP averaged $6,...Published: 29 Jul 2018 at 10:10hrs | 1 | by Staff reporter
Pensioners suffer massive prejudice
THE Government-appointed Commission of Inquiry probing the conversion process of pension and insurance benefits after dollarisation in 2009 has wound up its work and will have a comprehensive repo...Published: 29 Jan 2017 at 09:24hrs | | by Staff reporter
Tendai Biti's State of the Economy Address- Fulltext
STATE OF THE ECONOMY ADDRESS (SEA) BY THE PRESIDENT OF THE PEOPLE'S DEMOCRATIC PARTY (PDP) PRESIDENT, HONORABLE TENDAI BITI PRESENTED ON THE 9TH OF DECEMBER 2016 AT THE PDP PARTY OFFICES IN HARARE, AT...Published: 13 Dec 2016 at 13:08hrs | | by Tendai Biti
Chinamasa's $4,1 billion budget alarms Mugabe opponents
For many, Finance minister Patrick Chinamasa's dour 2017 budget presentation could have passed as a non-event, but his predecessor Tendai Biti is a worried man.Biti, who helped stabilise t...Published: 11 Dec 2016 at 09:03hrs | | by Blessing Mhlanga
South Africa overtakes Nigeria as Africa's largest economy
South Africa has regained the title of Africa's largest economy, two years after Nigeria rebased its economy to claim the spot, according to IMF data.A recalculation using current exchange rat...Published: 11 Aug 2016 at 23:23hrs | | by BBC
African Countries Must Re-benchmark their GDP statistics
When Ghana revised its Gross Domestic Product (GDP) figures in 2010, the resultant 60 per cent jump in its GDP estimates saw it being upgraded from low-income country to a lower-middle income coun...Published: 06 Jun 2014 at 06:48hrs | | by Perry Munzwembiri
Zambia to rebase Kwacha, removes three (3) zeros
Zambia will rebase the kwacha currency by lopping off three zeros Finance Minister Alexander Chikwanda has announced.Though Chikwanda chose to speak in technical jargon probably to hide what ...Published: 25 Jan 2012 at 07:26hrs | | by Staff reporter
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