Search / Smp
Zimbabwe charts ambitious return to global finance at debt conference
Zimbabwe's president hosted creditors and finance executives on Monday to discuss ambitious goals to clear debt arrears and restructure $12.7 billion in external debt, as the country aims to eventuall...Published: 26 Nov 2024 at 08:22hrs | 211 | by Staff reporter
Over 400 ex-settlers to get compensation
In a significant development for former farm owners, over 400 individuals have been cleared for compensation under the Global Compensation Deed, aimed at addressing losses incurred during Zimbabwe's f...Published: 17 Oct 2024 at 08:59hrs | 190 | by Staff reporter
Zimbabwe scores milestones on arrears clearance process
The Government of Zimbabwe has received commendations for significant progress in the implementation of reforms under the Arrears Clearance and Debt Resolution process, a vital step towards transformi...Published: 17 Oct 2024 at 08:57hrs | 187 | 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
IMF not ready to extend financial support to Zimbabwe
THE International Monetary Fund's (IMF) two-week-long high-level visit ended on Wednesday amid revelations that no financial support will be extended to Zimbabwe without authorities undertaking seriou...Published: 15 Feb 2024 at 10:08hrs | | by Staff reporter
IMF wants Zimbabwe central bank to dump monetary policies
THE International Monetary Fund (IMF) has advised government to cut the Reserve Bank of Zimbabwe's (RBZ) role in crafting monetary policies to just its core functions, after the local currency depreci...Published: 15 Feb 2024 at 10:07hrs | 2 | by Staff reporter
Zimbabwe arrears clearance, debt resolution talks resume
THE next round of high-level talks on Zimbabwe's arrears clearance and debt resolution process will be held next month, marking yet another pivotal moment in the country's quest to clear its internati...Published: 21 Jan 2024 at 07:27hrs | 1 | by Staff reporter
Mthuli Ncube's budget dilemma
DON'T tell me what you value, show me your budget and I'll tell you what you value:" Joe Biden.Ordinarily, Finance minister Mthuli Ncube should have presented the ZWL$47,8 trillion 2024 nation...Published: 25 Nov 2023 at 07:59hrs | 10 | by Paidamoyo Muzulu
IMF implores Zimbabwe to pace up forex reforms
The International Monetary Fund (IMF) has recommended that Zimbabwe expedite its foreign exchange market reforms by introducing more flexibility into the official exchange rate through market-driven p...Published: 27 Oct 2023 at 06:16hrs | | by Staff reporter
Zimbabwe commits to resolve debt, arrears
PRESIDENT Mnangagwa yesterday committed to resolve Zimbabwe's long overdue debt arrears, and re-engaging with development partners and creditors to reposition the economy for sustained growth anchored...Published: 25 May 2023 at 06:23hrs | | by Staff reporter
Zimbabwe is poor because of IMF
THE International Monetary Fund (IMF)'s programmes have come under fire from civil society, which claims they have lasting repercussions on public service delivery, development, and poverty.Th...Published: 21 May 2023 at 08:12hrs | | by Staff reporter
Kwamu Kwamu: An album of apologies, disclaimers
LAST month, Rhumba musician Madlela Skhobokhobo launched his much-anticipated album, Kwamu Kwamu in Bulawayo. Madlela is a very funny man and with this offering, comic relief was achieved with...Published: 09 May 2023 at 06:03hrs | 1 | by Mbulelo Mpofu
US tightens screws on Zimbabwe
A representative of the United States government has indicated that President Emmerson Mnangagwa's administration should satisfy sanctions conditions in full for Washington to approve its arrears clea...Published: 04 Mar 2023 at 10:22hrs | | by Staff reporter
IMF warns against Zimbabwe war veterans compensation
THE International Monetary Fund (IMF) has warned that the government's decision to compensate war veterans could have a major strain on the country's debt overhang.This comes after the governm...Published: 27 May 2022 at 20:17hrs | | by Staff reporter
Zimbabwe govt desperate for Western bailout
Zimbabwe has taken its begging bowl to the international community as it desperately seeks financial sponsors to help pay off nearly US$2.5 billion in external arrears owed to the World Bank and the A...Published: 30 Apr 2022 at 16:25hrs | | by Staff reporter
Value project promotes access to finance for small, medium pork producers
The VALUE project is promoting access to finance for value chain upgrading for small and medium scale pork producers in 8 districts where the project is operational.This is revealed in the lat...Published: 27 Apr 2022 at 12:53hrs | 9 | by Stephen Jakes
IMF presses govt on currency reforms
THE International Monetary Fund (IMF) has called on the Zimbabwe government to implement outstanding structural reforms, including the removal of exchange rate restrictions.The recommendations...Published: 25 Mar 2022 at 18:01hrs | | by Staff reporter
Zimbabwe can do more than just receiving covid-19 vaccines donations - Mhondoro-Ngezi SMP
In a recent telephone conversation with this reporter, the Shadow-Member of Parliament (SMP) for Mhondoro-Ngezi Constituency situate in Mashonaland West Province has commended the Government of Zimbab...Published: 11 Jul 2021 at 09:09hrs | 8 | by Maxwell Teedzai
IMF team heads for Zimbabwe
AN International Monetary Fund (IMF) team is expected in Zimbabwe within the next three months to revive the Staff Monitored Programme (SMP), Finance and Economic Development minister Mthuli Ncube has...Published: 05 Mar 2021 at 07:00hrs | | by Staff reporter
Batoka Dam size reduced to save Victoria Falls
Authorities involved in the construction of the 2 400MW Batoka Gorge Hydro-electric Scheme have agreed to reduce the dam size to salvage tourism activities around the world-famous Victoria Falls....Published: 29 Dec 2020 at 17:53hrs | 7 | by Staff reporter
Walk Cyclone Chalane Preparedness Talk - Nomboka urges Zimbabwe govt
Shadow MP for Mondoro-Ngezi, Mr Kurebwa Javangwe Nomboka has urged the government of Zimbabwe to take serious disaster-preparedness measures amid the gathering of momentum of the Cyclone Chalane....Published: 26 Dec 2020 at 15:39hrs | 1 | by Maxwell Teedzai
Social impact report disclosure for Batoka Gorge electricity scheme begins
The Zambezi River Authority is embarking on the public disclosure of the Environmental and Social Impact Assessment Report for the development of the billion-dollar Batoka Gorge Hydro-Electric Scheme ...Published: 25 Nov 2020 at 06:00hrs | | by Staff reporter
Mthuli Ncube rules out de-dollarisation
Finance Minister Mthuli Ncube says that Zimbabwe is beginning to engage multilateral creditors, with a view of clearing its US$1.8 billion arrears, which will see the country unlock fresh funding to a...Published: 06 Oct 2020 at 07:25hrs | 8 | by Staff reporter
'Zimbabwe to keep getting IMF technical support'
GOVERNMENT has said it will continue working with international financial institutions (IFIs), including the International Monetary Fund (IMF) after its aborted Staff-Monitored Programme (SMP) with th...Published: 02 Oct 2020 at 07:45hrs | | by Staff reporter
IMF flies into Zimbabwe financial mess
A TEAM of International Monetary Fund (IMF) officials will jet into the country next week for the first review of the Staff-Monitored Programme (SMP) at a time government finances are in a shambles wi...Published: 06 Sep 2019 at 07:31hrs | | by Staff reporter
IMF team to jet in for SMP review
A TEAM of International Monetary Fund (IMF) officials will arrive in Zimbabwe in the next two weeks for the first review of the Staff-Monitored Programme (SMP), which runs until March next year....Published: 30 Aug 2019 at 08:25hrs | 1 | by Staff reporter
'Zimbabwe economic outlook remains bleak'
THE outlook for the Zimbabwean consumer remains challenging, over the short term (2019-2020), with the economic collapse brought by a currency crisis leading to hyperinflation and widespread shortages...Published: 16 Aug 2019 at 08:23hrs | | by Staff reporter
'Jealously guard and defend our peace'
Address by his Excellency President Mnangagwa marking his first elective year in office, 30th July 2019. This month marks one year since our watershed d...Published: 10 Aug 2019 at 08:49hrs | | by President Mnangagwa
Mthuli Ncube admits Zimbabwe
FINANCE minister Mthuli Ncube says the country will not achieve GDP growth as he had projected when he presented his inaugural 2019 budget in November last year due to the deepening economic crisis....Published: 09 Aug 2019 at 15:03hrs | | by Staff reporter
Zimbabwe economy to contract by 3%
The Zimbabwean economy will contract by 3 percent in 2019, but the mining sector as well as the tourism sector will surprise on the upside, Finance and Economic Development Minister Mthuli Ncube has s...Published: 06 Aug 2019 at 07:25hrs | | by Staff reporter
Budget tinkering will not solve Zimbabwe crisis
In an economy with inflation nearing 200% a year, budget figures come with severe health warnings as Finance Minister Mthuli Ncube can attest. His presentation on August 1 was his third in nine months...Published: 05 Aug 2019 at 07:42hrs | | by The Source
Mthuli Ncube happy with reforms progress
FINANCE and Economic Development Minister, Professor Mthuli Ncube, has expressed satisfaction with progress made in the economic reform process and the performance of the interbank market to date. ...Published: 30 Jul 2019 at 07:22hrs | 2 | by Staff reporter
IMF welcomes Mthuli Ncube's monetary reforms
The International Monetary Fund (IMF) says the latest reforms announced by both the Ministry of Finance and Economic Development through SI 142 of 2019 and the Reserve Bank of Zimbabwe through exchang...Published: 05 Jul 2019 at 07:49hrs | | by Staff reporter
Recession, Zim Dollar return and Economic Outlook
As the country enters the last half of the year and warms up to the re-introduction of the Zimbabwean Dollar, it is now evident that the economy is swiftly sliding into a recession. In 2018, the econo...Published: 01 Jul 2019 at 12:20hrs | | by Victor Bhoroma
Zimbabwe's currency reforms dilemma
The Zimbabwean government has indicated that the country will be launching a new currency before the end of 2019. The announcement has caused some confusion amongst businesses and the transacting publ...Published: 17 Jun 2019 at 18:01hrs | | by Victor Bhoroma
Mthuli Ncube's speech to AfDB boards of governors - Fulltext
Speech by the minister of finance and economic development, Hon. Prof. Mthuli Ncube during the 2019 annual meetings of the boards of governors of the African Development Bank Group: Malabo, Republic o...Published: 16 Jun 2019 at 20:03hrs | 4 | by Mthuli NCube
Mnangagwa's soldiers, nurses fail to access their salaries
Some civil servants - most of them soldiers and nurses - failed to access their salaries on Friday after a Mauritian company switched off its electronic payments processing system.Most Zimbabw...Published: 14 Jun 2019 at 20:08hrs | 1 | by Staff reporter
Extraordinary measure for extraordinary: A case of Zimbabwe's austerity measures
In the Bible when Jacob was faced with a situation he was supposed to meet Esau his brother he was so afraid knowing that he had subtly stolen the latter's blessing. During the night, Jacob wrestled a...Published: 12 Jun 2019 at 15:34hrs | 8 | by Elijah Chihota
Mthuli Ncube on course to clear Zimbabwe's AFDB debt
ZIMBABWE is on course to clear its US$605 million debt to the African Development Bank (AfDB), which will allow the country to start accessing funds from the bank beginning early next year, the Minist...Published: 12 Jun 2019 at 06:52hrs | | by Staff reporter
Mthuli Ncube meets US ambassador
Finance and Economic Development Minister Professor Mthuli Ncube yesterday met United States of America Ambassador to Zimbabwe Brian Nichols and discussed a number of issues, including economic reform...Published: 06 Jun 2019 at 07:25hrs | | by Staff reporter
What the latest IMF report on Zimbabwe means
In the report, the International Monetary Fund (IMF) acknowledges the commitment by President Emmerson Mnangagwa's government to stabilise Zimbabwe's economy.The fund also reveals that the IMF...Published: 05 Jun 2019 at 08:01hrs | | by newZWire
IMF comes to Mnangagwa's rescue: Full-text
The IMF argues that the Staff-Monitored Program is designed to support Zimbabwe's reform agenda. The SMP will be monitored on a quarterly basis. It is intended to assist the Zimbabwean governm...Published: 02 Jun 2019 at 00:12hrs | | by Staff reporer
Zimbabwe strikes milestone IMF deal to boost new currency
Zimbabwe's central bank said it would stop printing money as part of a milestone deal with the IMF, which has agreed to monitor vital currency reforms in the southern African nation.Under the ...Published: 01 Jun 2019 at 13:11hrs | | by Joseph Cotterill in Johannesburg
'Zimbabwe's outlook remains uncertain'
THE International Monetary Fund (IMF) says Zimbabwe's outlook remains uncertain, warning that the large fiscal adjustments needed will be politically and socially difficult to implement.The fu...Published: 01 Jun 2019 at 07:51hrs | | by Staff reporter
'Mthuli Ncube blocks US$5bn deal'
UNITED Kingdom-based financial services consultancy ICG Capital and Finance Corp has singled out Finance minister Mthuli Ncube as the biggest obstacle stalling the finalisation of a US$5 billion debt ...Published: 10 May 2019 at 13:57hrs | 1 | by Staff reporter
Mnangagwa's govt in new US$5bn funding negotiations
A UNITED Kingdom-based international financial consultancy firm, ICG Capital and Finance Corps Limited — in partnership with five top-tier United States banks — has tabled a US$5 billion debt rest...Published: 03 May 2019 at 07:21hrs | | by Staff reporter
Mnangagwa must be given some respect, says Eddie Cross
Former Bulawayo South member of Parliament and MDC national executive member Mr Eddie Cross says President Mnangagwa's administration has not received due credit for reforms that he has undertaken in ...Published: 29 Apr 2019 at 07:17hrs | | by Staff reporter
EU nod for progress in Zimbabwe reforms
The European Union (EU) yesterday acknowledged that there are some positive steps towards the attainment of political and economic reforms by Zimbabwe. Speaking after meeting President Emmerso...Published: 26 Apr 2019 at 07:04hrs | | by Staff reporter
Anti-sanctions crusade heats up
The push for the United States government and the European Union (EU) bloc to remove the two-decade-old sanctions imposed on Zimbabwe is beginning to snowball with international organisations adding a...Published: 21 Apr 2019 at 08:10hrs | 10 | by Staff reporter
RTGS$ to stabilise, gain value, insists Mthuli Ncube
FINANCE and Economic Development Minister, Professor Mthuli Ncube, has expressed confidence that the RTGS dollar will stabilise and gain value beyond the prevailing market volatility as Government for...Published: 17 Apr 2019 at 07:02hrs | | by Staff reporter
Load More Stories
