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More than $5 billion required for Zimbabwe roads rehabilitation
THE Government requires more than $5 billion to rehabilitate the country's entire road network with more than $250 million having been availed to the department of roads as work on re-establishing tra...Published: 5 mins ago | 3 | by Staff reporter
A timeline of how Zimbabwe lost its currency
Today, November 14, marks the 21st anniversary of "Black Friday", the day the Zimbabwe dollar crashed in 1997.We track the Zimdollar's collapse from that fateful November day, and the many des...Published: 14 Nov 2018 at 15:10hrs | 2956 | by newZwire with The Source
We have no choice, but to embark on painful reforms
When Margaret Thatcher was elected UK prime minister in 1979, she recognised that piecemeal change would not be sufficient to tackle the problems of labour unrest, rampant inflation and economic stagn...Published: 14 Nov 2018 at 05:39hrs | 409 | by E.D. Mnangagwa President
A human life over debt arrears
ON Saturday, Chalton Hwende, deputy treasurer-general of the MDC Alliance confirmed an attempted abduction of the party's president, Nelson Chamisa after a 'thank you' rally for their supporters at Ru...Published: 13 Nov 2018 at 05:56hrs | 421 | by Pearl Matibe
'2019 budget deficit will be 4% of GDP'
FINANCE minister Mthuli Ncube has indicated that the 2019 national budget would reduce budget deficit to 4% of gross domestic product (GDP) in 2019, and subsequently to 2,4% in the following year....Published: 10 Nov 2018 at 11:04hrs | 1477 | by Staff reporter
Chinamasa refuses to meet World Banks officials
THE World Bank is making efforts to meet former Finance and Economic Development Minister and ZANU-PF secretary for finance Patrick Chinamasa to discuss "critical economic issues" according to a repor...Published: 09 Nov 2018 at 16:57hrs | 5243 | by Staff reporter
Race to save Africa's iconic dam
WHEN a 60-year-old dam that stands 128 metres tall, 716 metres long and holds 181 billion cubic meters of water needs repairs, it is never a small job and it comes with a huge budget: US$294 million. ...Published: 08 Nov 2018 at 10:15hrs | 3077 | by Staff reporter
Zimbabwe must set a clear development agenda
First and foremost, Zim is poised with toxic politics. We must deal with our politics first before we table economic matters. , it is important to admit that we have a crisis so that whoever comes on ...Published: 07 Nov 2018 at 16:27hrs | 507 | by Tinashe Eric Muzamhindo
Mnangagwa says Mangudya beyond reproach
Despite explosive broadsides being fired at the Reserve Bank of Zimbabwe (RBZ) governor John Mangudya, the 55-year-old neoclassical economist-turned banker will stay on in his job until February 2023....Published: 04 Nov 2018 at 12:43hrs | 3452 | by Staff reporter
Mthuli Ncube pushes for new RBZ governor?
FINANCE Minister Mthuli Ncube is trying to impose top economist Andrew Bvumbe as the new Reserve Bank of Zimbabwe (RBZ) governor to replace the incumbent John Mangudya following the expiry of his empl...Published: 03 Nov 2018 at 13:01hrs | 6795 | by Staff reporter
Zimbabwe gets $1 billion bailout?
The African Export Import Bank (Afreximbank) has extended a $1 billion loan to Zimbabwe to guarantee the convertibility value of Real Time Gross Settlement (RTGS) balances into United States dollars a...Published: 02 Nov 2018 at 15:08hrs | 13663 | by Staff reporter
Mangudya's tenure to be extended
PRESIDENT Mnangagwa is clear on the performance of Reserve Bank of Zimbabwe Governor, Dr John Mangudya and is about to renew his contract for a second tenure, Deputy Chief Secretary in the Office of t...Published: 01 Nov 2018 at 15:48hrs | 1565 | by Staff reporter
Government speaks on Mangudya's job
The Ministry of Information, publicity and Broadcasting has cleared air on the rumours that RBZ Governor Dr. John Panonetsa Mangudya has been fired from his job."We have had a lot media ...Published: 01 Nov 2018 at 07:14hrs | 12269 | by Mandla Ndlovu
Mangudya RBZ ouster speculation gains momentum
GOVERNMENT sources have downplayed as mere speculation reports that Reserve Bank of Zimbabwe (RBZ) governor John Mangudya's ouster from the apex bank is imminent.Linked with the increasingly t...Published: 01 Nov 2018 at 06:30hrs | 5793 | by NewZimbabwe.com
Zimbabwe's ease of doing business ranking improves
Zimbabwe has improved its global ease of doing business ranking to 155 up from a ranking of 159 for the comparative prior year, the latest World Bank Doing Business 2019 Report has revealed. T...Published: 01 Nov 2018 at 05:21hrs | 463 | by Staff reporter
'Zimbabwe is one of the poorest nations' says IMF - our prize for being mental couch potato
Mankind is a creature of reason, it is our ability to think that have made us the most dominant creature on earth. But just as having feathers is the common characteristic that has enabled bir...Published: 30 Oct 2018 at 18:23hrs | 1961 | by Wilbert Mukori
Zimbabwe banks fingered in US dollar scams
Market indiscipline in the local financial services sector necessitated the separation of Foreign Currency Accounts (FCAs) and real time gross settlement (RTGS) accounts, Finance and Economic Developm...Published: 30 Oct 2018 at 05:17hrs | 2275 | by Staff reporter
The real cause of Zimbabwe's economic collapse
Zimbabwe's problems are not exclusive to Zimbabwe, they are actually the same as in all Africa's other 53 nations. 9 out of 10 of all Africans live on less than US$5 a day, nearly half on under $1.90....Published: 29 Oct 2018 at 07:52hrs | 11606 | by David Barber & Tendai Ruben Mbofana
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 | 2193 | by Staff reporter
Zimbabwe needs Posap and not Esap
This article was extracted from Professor Jonathan Moyo's address to the Open Forum meeting in Bulawayo 27 years ago....Published: 27 Oct 2018 at 09:16hrs | 918 | by Dr Jonathan Moyo
G7 nations ready to bail out Harare
Zimbabwe is expected to secure funding assistance from bilateral partners within the Group of 7 (G7) wealthiest countries to clear its $2,1 billion arrears to the African Development Bank (AfDB) and W...Published: 26 Oct 2018 at 08:17hrs | 3562 | by Staff reporter
Best advice on how to deal with current Zimbabwe economic crisis
Patience pays for our situation. What has contributed much to our current situation is that Zimbabwe pressed the panic button after contested elections. We need to move on and deal with what is curren...Published: 26 Oct 2018 at 07:15hrs | 1553 | by Tinashe Eric Muzamhindo
Mthuli Ncube has a good plan
Political legitimacy, economic bailout and the draconian Public Order and Security Act (Posa) and Access to Information and Protection of Privacy Act (Aippa) laws are some of the topics Zimbabwe's new...Published: 25 Oct 2018 at 06:42hrs | 3297 | by Staff reporter
Bulawayo mayor unhappy with road closure
Bulawayo mayor Solomon Mguni has raised concern over the way the law enforcers conducted themselves in closing a road in the CBD which was a perceived hub of illegal money changers, popularly known he...Published: 24 Oct 2018 at 14:13hrs | 2521 | by Staff reporter
Zimbabwe's upper middle-income economy agenda 2030: Are we not inviting trouble?
THE government's neoliberal agenda and its target for the upper middle-income economy (UMIE) by 2030, if not handled well, might present us with many challenges that will further alienate and suffocat...Published: 23 Oct 2018 at 06:38hrs | 583 | by Michael Ndiweni
High taxes lead to more poverty, underdevelopment
WITH the introduction and effective operation of the 2% tax on cash transfers, the poor households in Zimbabwe will remain in abject poverty.This tax will hit poor households the hardest, as t...Published: 23 Oct 2018 at 06:30hrs | 336 | by David Mhlanga
Zimbabwe Parliamentary committee to engage US congress on sanctions
THE Parliamentary Committee on Foreign Affairs and International Trade is planning to meet members of the United States Congress and the European Union to discuss the removal of sanctions as part of i...Published: 23 Oct 2018 at 06:18hrs | 534 | by Staff reporter
Afreximbank loan: A case of reckless credit granting
It is now public knowledge that our country is largely depending on debts. We have accumulated so much debts mainly because we are not producing anything. Our local and foreign debt stands at 13 billi...Published: 22 Oct 2018 at 06:53hrs | 648 | by Walter Nyabadza
'Judge me in 6 months,' says Ncube - who has ever done so in 38 years?
"FINANCE and Economic Development Minister Professor Mthuli Ncube, who is 42 days into his new job, says it is only fair to judge him after six months, adding that he expects the benefits of austerity...Published: 22 Oct 2018 at 06:51hrs | 1634 | by Nomusa Garikai
'Mthuli Ncube to clear WB, IMF debt in 12 months'
ZIMBABWE plans to clear its arrears with the African Development Bank (AfDB) and World Bank in the next 12 months, with support from an unnamed creditor country, Finance minister Mthuli Ncube has said...Published: 22 Oct 2018 at 06:32hrs | 874 | 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 | 1393 | by Staff reporter
Mthuli Ncube not going back on austerity measures
FINANCE and Economic Development Minister Professor Mthuli Ncube, who is 42 days into his new job, says it is only fair to judge him after six months, adding that he expects the benefits of austerity ...Published: 21 Oct 2018 at 09:40hrs | 254 | by Staff reporter
Mthuli Ncube calls for political reforms
Finance minister Mthuli Ncube has urged the government to be receptive to the reform demands of the opposition and Western powers - as this will enable Zimbabwe to access help from overseas companies ...Published: 20 Oct 2018 at 08:41hrs | 4463 | by Staff reporter
Mthuli Ncube to clear $2 billion debt arrears in 12 months
FINANCE minister Mthuli Ncube has said Zimbabwe is looking to clear its $2 billion arrears with the World Bank and African Development Bank in the next 12 months.In an interview with Reuters n...Published: 20 Oct 2018 at 08:28hrs | 1084 | by newzimbabwe
IMF's discredited economic template will cripple Zimbabwe
NEW Finance minister Mthuli Ncube and the government, in general, have swallowed the myths of foreign aid, investment and the International Monetary Fund (IMF) as solutions to Zimbabwe's economic prob...Published: 19 Oct 2018 at 08:43hrs | 1189 | by David Barber and Tendai R Mbofana
Mnangagwa satisfies 99% of Zidera Act concerns
The Transitional Stabilisation Programme (TSP), Zimbabwe's short-term recovery plan addresses the majority of concerns raised in the Zimbabwe Democracy and Economic Recovery Amendment Act (Zidera 2018...Published: 19 Oct 2018 at 06:55hrs | 3033 | by Staff reporter
Chinese deals, raw or fair for the Zimbabwean economy?
Given the recent developments in Zimbabwe and the African continent, it is worthy assessing how Chinese investments can affect the local economy going forward. Critical for Zimbabwe is how the country...Published: 17 Oct 2018 at 21:41hrs | 1856 | by Victor Bhoroma
Zimbabwe considers debt cancellation
Zimbabwe is considering a request to have its debt with the multilateral lenders, World Bank and International Monetary Fund to be cancelled in order to reduce burden on the country's fragile economy....Published: 17 Oct 2018 at 14:07hrs | 5984 | by Staff Reporter
Economic dystopia in Zimbabwe
The key word to describe Zimbabwe's current national attitude or mood is "dystopian". That is a predisposition to expecting the worst possible scenarios for society because of recent government moneta...Published: 17 Oct 2018 at 06:53hrs | 678 | by Staff reporter
Afreximbank confirms $500m facility talks
The African Export-Import Bank (Afreximbank) has confirmed holding talks with a Zimbabwean delegation led by Finance and Economic Development Minister Professor Mthuli Ncube in connection with a $500-...Published: 17 Oct 2018 at 06:27hrs | 677 | by Staff reporter
Foreign investment and the IMF will cripple Zimbabweans
Our government and the new Finance Minister have swallowed the myths of foreign aid, investment and the IMF as solutions to Zimbabwe's economic problems. And, unless these are exposed, Zimbabwean citi...Published: 16 Oct 2018 at 12:48hrs | 2368 | by David Barber and Tendai Ruben Mbofana
Biti accuses Mthuli Ncube of failing to grasp elementary economics
FINANCE minister Mthuli Ncube is actively seeking to have the Zimbabwe foreign debt forgiven under the Highly Indebted Poor Countries (HIPC) programme by the International Monetary Fund (IMF), a move ...Published: 16 Oct 2018 at 06:35hrs | 6174 | by Staff reporter
My son, eating vegetables and building a better Zimbabwe
My son, like most other kids, does not like to eat his vegetables. He also doesn't like to brush his teeth nor to take medicine when he is sick. He is a bright child, a good learner, and brings a lot ...Published: 15 Oct 2018 at 07:16hrs | 1587 | by Knowledge Moyo
Mnangagwa, Putin set for key talks
President Emmerson Mnangagwa will meet Russia's President Vladmir Putin early next year, as he continues his engagement and re-engagement drive that is calculated to integrate Zimbabwe into the global...Published: 14 Oct 2018 at 09:10hrs | 782 | by Staff Reporter
Mthuli Ncube says Zimbabwe economy will stabilise, price shocks are transitory
Finance and Economic Development Minister Professor Mthuli Ncube has said the price shocks that were recently experienced by the market are temporary as the economy adjusts to the new policies, which ...Published: 14 Oct 2018 at 08:12hrs | 5153 | by Staff Reporter
Civil servants bonus payment uncertain
PUBLIC Service minister Sekai Nzenza on Thursday told Senate that payment of civil servants' bonuses this year was uncertain as she was yet to negotiate the issue with Finance minister Mthuli Ncube....Published: 13 Oct 2018 at 07:20hrs | 1058 | by Staff reporter
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 | 3208 | by Brian Kagoro
ED's long economic haul
All the prophets of doom have to admit that they just don't possess the strategic clout and foresight of President Mnangagwa's administration. The ride is bumpy but big moves are being made. It all st...Published: 12 Oct 2018 at 12:46hrs | 2166 | by Tom Nkala
Mthuli Ncube seeks IMF's economic supervised plan
Zimbabwe has invited the IMF to undertake a supervised economic reform plan as it moves to implement reforms and complete the Lima arrears clearance plan agreed in 2015. Under the Lima plan Zi...Published: 12 Oct 2018 at 07:36hrs | 3821 | by Staff reporter
Zimbabwe black market rates tumble
PARALLEL market rates plummeted in Bulawayo yesterday after Government guaranteed the 1:1 convertibility value of Real Time Gross Settlement (RTGS) balances into the United States dollar as well as av...Published: 12 Oct 2018 at 06:53hrs | 7168 | by Staff reporter
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