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Eddie Cross hails Monetary Policy Statement
ECONOMIST and former MDC legislator Mr Eddie Cross has hailed the 2019 Reserve Bank of Zimbabwe (RBZ) Monetary Policy Statement and believes it will play a major role in stabilising the pricing system...Published: 8 hrs ago | 1032 | by Staff reporter
Zanu Pf divisions have contributed immensely to the collapse of our economy
Zanu-PF will never accept blame, this is one area they have mastered.It will always be the sanctions are hurting the economy , the truth being said those sanctions are targeted sanctions on Zanu-PF in...Published: 10 hrs ago | 191 | by AT Kadada
Mangudya's retreat to safety is timely.....
Governor Mangudya has fundamentally been a good central banker, and perhaps that is why, just like yesterday afternoon, he frequently deflates the air of anticipation that precedes his scheduled polic...Published: 10 hrs ago | 979 | by Staff reporter
Monetary policy, a huge leap towards safety
The Reserve Bank of Zimbabwe (RBZ) governor, John Mangudya, yesterday took a huge positive leap towards healing the ailing economy when he devalued the bond note during his Monetary Policy Statement (...Published: 10 hrs ago | 384 | by Staff reporter
Employers not worried by bond notes, RTGS devaluation
The floating of RTGS dollars will have minimum effect on employers despite the rising inflation, which reached record levels since the introduction of the multi-currency regime 10 years ago, an employ...Published: 10 hrs ago | 1116 | by Staff reporter
MDC slams RBZ currency moves
Zimbabwe has "de-dollarised through the back door," the Movement for Democratic Change (MDC) said on Wednesday after the Reserve Bank of Zimbabwe unveiled its delayed Monetary Policy Statement....Published: 10 hrs ago | 559 | by ZimLive
Zimbabwe Communist Party statement on Monetary Policy
The underlying position of the ZCP on any government policy declaration including this one is neither to automatically oppose nor to automatically endorse. Our task is to defend the interests of the w...Published: 12 hrs ago | 985 | by ZCP
Mthuli Ncube says Zimbabwe's inflation rate is being misread
Finance Minister Mthuli Ncube has said the country’s inflation rate, which surged to the highest annual level since a hyperinflation blowout a decade ago, is being misread and the measure of monthly...Published: 14 hrs ago | 4082 | by Bloomberg
'Monetary Policy Statement will bring sanity' says RBZ Governor - will not and never will as long as insane rule the roost
The primary objective of the Reserve Bank of Zimbabwe's (RBZ) long awaited Monetary Policy Statement was to bring sanity to Zimbabwe's chaotic economic world, especially the madness in financial and c...Published: 22 hrs ago | 1040 | by Nomusa Garikai
Mangudya is a thief, he has devalued people's salaries
Reserve Bank of Zimbabwe (RBZ) governor John Mangudya yesterday announced the eagerly awaited monetary policy for 2019, in which he liberalised the trade of foreign currency and effectively declared t...Published: 23 hrs ago | 7646 | by Staff reporter
Chamisa to address Gweru 'Thank You' rally
MDC Alliance leader Nelson Chamisa heads for Gweru this weekend, where he will address his first rally of the year. He is also expected to address his party's position on key national issues.A...Published: 23 hrs ago | 1090 | by Staff reporter
'Zimdollar returns'
THE Reserve Bank of Zimbabwe (RBZ) has effectively brought back the local currency after denoting the existing electronic balances, bond notes and coins in circulation as real time gross settlement (R...Published: 24 hrs ago | 1610 | by Staff reporter
Zimbabwe secures funding for mapping farms
Government has secured funding for the mapping of farms to enable the issuance of 99-year leases, Information, Publicity and Broadcasting Services Minister Monica Mutsvangwa has said. The exer...Published: 20 Feb 2019 at 23:31hrs | 1866 | by Staff reporter
Mangudya kills forex black market?
INDUSTRIALISTS and market watchers have hailed the monetary policy statement presented yesterday by Reserve Bank of Zimbabwe (RBZ) Governor Dr John Mangudya, saying it will kill the foreign currency p...Published: 20 Feb 2019 at 22:40hrs | 2810 | by Staff reporter
Price drop expected after exchange rate liberalisation
PRICES of most goods and services are expected to decline or stabilise in the short to medium term following the freeing up of the exchange rate, after the Reserve Bank of Zimbabwe floated the rate be...Published: 20 Feb 2019 at 22:39hrs | 1278 | by Staff reporter
Zimbabwe abandons the 1:1 rate
The Reserve Bank of Zimbabwe (RBZ) will introduce Foreign Currency Accounts (FCAs) that will be utilising the real time gross settlement system (RTGS) by the end of this month. This comes as t...Published: 20 Feb 2019 at 22:37hrs | 789 | by Staff reporter
Mnangagwa launches technology centre
President Mnangagwa yesterday launched the India-Africa Incubation Centre in Harare which he described as a key conduit that will drive the modernisation and industrialisation of the economy. ...Published: 20 Feb 2019 at 22:35hrs | 146 | by Staff reporter
Mnangagwa's foundation donates hospital equipment
The Angel of Hope Foundation has donated an assortment of hospital equipment and accessories to the Ministry of Health and Child Care.The handover ceremony was held at Parirenyatwa Group of Ho...Published: 20 Feb 2019 at 20:44hrs | 422 | by Staff reporter
The current monetary policy review will worsen current fiscal imbalances
Background and Review It was trajectory, forex premiums is hurting Zimbabweans and hostile to business environment. FCA accounts have yielded positive r...Published: 20 Feb 2019 at 17:25hrs | 3752 | by Tinashe Eric Muzamhindo
MDC resolves to dialogue with Mnangagwa
Opposition Movement for Democratic Change led by Advocate Nelson Chamisa met on Wednesday and resolved to engage in a dialogue with President Emmerson Mnangagwa towards resolving the economic crisis b...Published: 20 Feb 2019 at 16:37hrs | 13038 | by Mandla Ndlovu
EXCLUSIVE: 'Rainbow hotel lied about Bulwayo's capacity'
The Construction Industry Federation for Zimbabwe(CIFOZ) has responded to a statement by the Bulawayo Rainbow Hotel manager Innocent Kufa that Bulawayo companies do not have the required experti...Published: 20 Feb 2019 at 16:09hrs | 3653 | by Mandla Ndlovu
Full RBZ Monetary Policy statement.
THE Reserve Bank of Zimbabwe (RBZ) has liberalised the US dollar exchange rate against real time gross settlement balances (RTGS), bond notes and all currencies in the multi-currency basket, as i...Published: 20 Feb 2019 at 14:48hrs | 5510 | by RBZ
Zimbabwe introduces the RTGS Dollar currency
The much-awaited monetary policy statement presentation has come and gone in a few minutes. John Panonetsa Mangudya, the governor of the Reserve Bank of Zimbabwe, introduced the RTGS dollars as a curr...Published: 20 Feb 2019 at 14:26hrs | 9195 | by Ndou Paul
New currency announced
Zimbabwe has introduced a new currency called the RTGS Dollars, the Reserve Bank of Zimbabwe Chief John Panonetsa Mangudya said during the Monetary Policy Statement delivered on Wednesday. ...Published: 20 Feb 2019 at 13:47hrs | 26026 | by Mandla Ndlovu
Mnangagwa gets fresh chance from EU
In a rare piece of good news for President Emmerson Mnangagwa and his under pressure administration, he has been given a stay of execution by the European Union (EU), whose Parliament had proposed tou...Published: 20 Feb 2019 at 12:07hrs | 2914 | by Staff reporter
High Court to rule on Parirenyatwa request
The High Court is today expected to rule on former Health and Child Care minister David Parirenyatwa's case in which he is seeking an order to stop his prosecution, arguing the charges levelled agains...Published: 20 Feb 2019 at 12:05hrs | 585 | by Staff reporter
Looting cases clog Bulawayo courts
The recent fuel riots have left the justice delivery system in Bulawayo creaking under a deluge of cases which have forced the government to dispatch additional magistrates and prosecutors to the City...Published: 20 Feb 2019 at 12:03hrs | 408 | by Staff reporter
When 45 Degrees falls to Zero, Freedom is nigh!
President Mnangagwa has pruned Mugabe Military and retired some acidic elements, and that does not mean that Mnangagwa is an angel. It is just that the law of conservation states that the total energy...Published: 20 Feb 2019 at 11:38hrs | 1419 | by Multiverse Dungani
Zimbabwe set to modernise 6,000 schools
Primary and Secondary Education Minister Paul Mavima last week said Government would modernise 6 000 schools through adoption of Information Communication Technologies (ICTs) before year-end.H...Published: 20 Feb 2019 at 11:31hrs | 1010 | by Staff reporter
Tendai Biti's stage managed conviction is a threat to dialogue & Judiciary reputation
There is enough evidence to prove that the judiciary system of Zimbabwe has been subjective and tainted by ZANU/ZANU-PF since 1980. ZANU-PF's infiltration of the judiciary has totally paralyze the pro...Published: 20 Feb 2019 at 10:51hrs | 2101 | by Don Chigumba
Both democracy and authoritarianism are on the rise in Africa
Is democracy in Africa in retreat? Or is it simply suffering "growing pains"? The last 12 months have seen a great deal of controversy and debate on these important questions.There have been s...Published: 20 Feb 2019 at 10:08hrs | 241 | by Nic Cheeseman
Delta demands payment in forex
Delta Corporation is reportedly demanding customers to pay for part of their orders from the beverage maker in hard currency to allow it to source imported raw materials as a pressing foreign currency...Published: 20 Feb 2019 at 10:06hrs | 1455 | by Staff reporter
Zinara rules out tollgate fees hike
THE Zimbabwe National Road Adminstration (Zinara) says it will not increase road user fees despite resurgent inflationary pressures.Responding to questions from Matabeleland North road authori...Published: 20 Feb 2019 at 10:04hrs | 243 | by Staff reporter
Zimbabwe army, cops banned at civilian courts
THE Constitutional Court (ConCourt) has banned the use of State security agents as public prosecutors at civilian courts, saying their secondment to the National Prosecuting Authority (NPA) was a seri...Published: 20 Feb 2019 at 09:56hrs | 683 | by Staff reporter
Govt regrets Battlefields disaster
The fourth cabinet sitting of 2019 has regretted the Battlefields mine disaster and decided to institute thorough investigations.24 bodies were retrieved from the mines, while 8 people were pu...Published: 19 Feb 2019 at 20:01hrs | 650 | by Staff reporter
It's squeaky bum time for unsung Mangudya
Like many Manchester United fans around the world missing the good old days, I also regularly find myself reminiscing about the managerial prowess of Sir Alex Ferguson, whose inimitable success at one...Published: 19 Feb 2019 at 17:13hrs | 2992 | by Guthrie Munyuki
Mangudya to present a clear roadmap on currency reforms
The Reserve Bank of Zimbabwe may unveil the measures in its Monetary Policy Statement to be announced on Wednesday, said the official, who asked not to be identified because he's not authorised to spe...Published: 19 Feb 2019 at 16:48hrs | 4488 | by Staff reporter
China spends $2,5 billion on Zimbabwe
China has spent $2,5 billion on Zimbabwe, which is by far the highest amount of money it has ever advanced to any African country.Speaking at the 2019 Spring Festival Gala held in Harare on Su...Published: 19 Feb 2019 at 13:47hrs | 1803 | by Staff reporter
Mnangagwa rejigged security sector to consolidates power
President Emmerson Mnangagwa yesterday effected yet another major shake-up of the top brass of the Zimbabwe Defence Forces (ZDF) - retiring four top military bosses this time, in a move which politica...Published: 19 Feb 2019 at 13:45hrs | 1656 | by Staff reporter
Chiwenga still fighting ailment, still feeling 'kupisa'
Vice President Constantino Chiwenga is in the Indian capital of New Delhi, where he is receiving treatment for an abdominal ailment, a government official revealed yesterday.Information deputy...Published: 19 Feb 2019 at 13:44hrs | 18231 | by Staff reporter
Mangudya considering devaluing Zimbabwe bond notes
Zimbabwe's central bank is considering devaluing its quasi-currency as part of a raft of reforms to the nation's foreign-exchange system, according to a central bank official.Depreciating the ...Published: 19 Feb 2019 at 13:22hrs | 6799 | by Bloomberg
Can the Zimbabwe currency situation be solved using innovative technology?
Zimbabwe has been ravaged by price increases and shortages of basic commodities such as fuel. A new technology business, ZIMBOCASH, says the direct cause of these challenges is money printing. ZIMBOCA...Published: 19 Feb 2019 at 11:37hrs | 1045 | by Agencies
Mnangagwa purges Chiwenga top allies
PRESIDENT Emmerson Mnangagwa has purged top military commanders suspected to be aligned to his ailing deputy Constantino Chiwenga in a move seen as consolidating his hold on power and scuttling anothe...Published: 19 Feb 2019 at 08:39hrs | 3180 | by Staff reporter
'China has confidence in Mnangagwa'
China is confident Zimbabwe will achieve its developmental goals under the leadership of President Mnangagwa, whose reforms will transform the economy and attract more investors, the Asian giant's act...Published: 19 Feb 2019 at 08:35hrs | 498 | by Staff reporter
Chamisa, Mnangagwa trade barbs
Opposition leader Nelson Chamisa has blasted President Emmerson Mnangagwa saying he is the chief culprit in causing violence against innocent Zimbabweans. Mnangagwa blamed the opposition for t...Published: 19 Feb 2019 at 08:34hrs | 1903 | by Staff reporter
Tollgate scandal rocks Zinara
inara has lost thousands of dollars in foreign currency and bond notes to tollgate cashiers who have been manipulating operating systems. According to people familiar with the developments, th...Published: 19 Feb 2019 at 08:33hrs | 2591 | by Staff reporter
$7bn needed for cleaner energy in Zimbabwe
A CLIMATE change specialist has said Zimbabwe needs close to $7 billion to mitigate climate change effects by 2030.This was revealed last week in Parliament by director of water and climate ch...Published: 19 Feb 2019 at 08:24hrs | 150 | by Staff reporter
Mnangagwa escapes fresh EU sanctions
Zimbabwe's leaders escaped fresh sanctions by the European Union on Monday despite growing repression.The EU Parliament last week called for individual sanctions to be widened against top gove...Published: 18 Feb 2019 at 23:38hrs | 13875 | by ZimLive
Zimbabwe FCA deposits hit US$600m
The decision to separate real time gross settlement (RTGS) foreign currency accounts from actual United States dollar accounts is beginning to pay dividends amid indications that deposits for the latt...Published: 18 Feb 2019 at 23:05hrs | 2893 | by Staff reporter
Zimbabwe scientists discover 'ozone hole' over South Africa
A team of Zimbabwean researchers has discovered an "ozone hole" over South Africa that is centred over the Free State Province during spring, which impacts on temperature and rainfall levels, accordin...Published: 18 Feb 2019 at 23:04hrs | 4732 | by Staff reporter
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