Search / Imf
Zimbabwe to keep Zimdollar
Zimbabwe plans to keep its local dollar, a currency that has lost value every single trading day of the year, even as fiscal and monetary authorities work on new plans to revamp the currency, accordin...Published: 26 Mar 2024 at 06:37hrs | 676 | by Staff reporter
Mr Kudzai Mutisi, the German 'Economic wonder' after the WW2 had multiple favourable factors!
I am writing this article as a reply to your article you wrote last week: My article is not in any way or form critiquing your own but including factors that must be known, but, however, adding to wha...Published: 20 Mar 2024 at 20:53hrs | 426 | by Nomazulu Thata
Why US sanctions on Zimbabwe 'have not worked'
The United States is a global superpower. Its political and economic reach is massive and global in character. Look back in history and you can see how the US has so often made real changes to the wor...Published: 19 Mar 2024 at 19:54hrs | 313 | by Eddie Cross
'Mutapa Investment Fund mustn't become conduit for looting'
AS prevalence of public sector corruption reaches alarming levels, the International Monetary Fund (IMF) has demanded that Zimbabwean authorities ensure the newly-established Mutapa Investment Fund (M...Published: 11 Mar 2024 at 09:09hrs | 392 | by Staff reporter
ZMC threatens to muzzle the press on Gukurahundi genocide reporting
THE Zimbabwe Media Commission (ZMC) chairperson, Professor Ruby Magosvongwe, says media houses which refuse to sign the controversial code of conduct produced by the commission and an unrepresentative...Published: 11 Mar 2024 at 09:09hrs | 429 | by Staff reporter
Zimbabwe must deal with currency volatility causes, not symptoms
THE United Nations Economic Commission for Africa (Uneca) executive secretary Claver Gatete this week said Zimbabwe should deal with the root causes of currency volatility not symptoms.Gatete ...Published: 07 Mar 2024 at 05:10hrs | 418 | by Staff reporter
Mnangagwa regime doing the work of US sanctions in Zimbabwe!
My own views on this sanctions issue have always been that we needed to prove these measures were the cause of our suffering. I have never denied that there have been targeted sanctions impose...Published: 06 Mar 2024 at 23:01hrs | 404 | by Tendai Ruben Mbofana
Zimbabwe seeks to control Gukurahundi genocide coverage process
The Zimbabwe Media Commission (ZMC) chair Professor Ruby Magosvongwe says media houses which refuse to sign the controversial code of conduct produced by the commission and an unrepresentative clique ...Published: 05 Mar 2024 at 20:49hrs | 361 | by Staff reporter
Selection of gukurahundi journalists opaque and dodgy
A group of local Zimbabwean journalists, whose selection has been clearly opaque and dodgy, are grappling with how media should cover the upcoming Gukurahundi outreach programme hearings into the 1980...Published: 28 Feb 2024 at 06:44hrs | 1044 | by Staff reporter
Tribute to my President Dr. Hage G. Giengob
Dear Mr. President, only if I knew, your sickness was that serious. I lament not praying for you while you needed not only my prayers but the whole nation to unite and fight for you in prayers. Instea...Published: 24 Feb 2024 at 17:52hrs | 273 | by Hosea Hatshaambo Shishiveni
'Zimbabwe inflation rate at 747%'
ZIMBABWE'S annual inflation could be over 20 times higher than the official rate of 34,8%, an independent advisory estimated this week, as it gave glimpses into fundamentals behind deeper turbulence c...Published: 16 Feb 2024 at 15:22hrs | 215 | by Staff reporter
IMF trashes Zimbabwe inflation statistics
Government last year directed the Zimbabwe National Statistics Agency (Zimstat) to stop publishing local currency indexed inflation and switch to the blended rate, which it said was ideal as the count...Published: 16 Feb 2024 at 15:22hrs | 575 | 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 | 506 | 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 | 424 | by Staff reporter
IMF tells Zimbabwe to deal with Zimdollar issue
THE International Monetary Fund (IMF) has implored the government to remove the 10% trading margin on domestic transactions, saying the policy was causing exchange restrictions and distortions....Published: 15 Feb 2024 at 10:05hrs | 334 | by Staff reporter
Zimbabwe seeks to boost trade to bust sanctions
THERE is a need to increase trade with friendly countries as a strategy to counter illegal sanctions imposed on Zimbabwe by some powerful Western nations, President Mnangagwa said here yesterday after...Published: 15 Feb 2024 at 10:02hrs | 36 | by Staff reporter
IMF advises Zimbabwe to adopt forex market reforms
As the instability of the beleaguered Zimbabwe dollar intensifies, the International Monetary Fund (IMF) has advised the government to adopt forex market reforms which are "more transparent and market...Published: 15 Feb 2024 at 10:01hrs | 83 | by Staff reporter
Mnangagwa's Zanu-PF finally gets two-thirds majority
President Emmerson Mnangagwa has secured the coveted two-thirds Parliamentary majority, taking a significant step towards a potential third presidential term.Zanu-PF emerged victorious in all ...Published: 04 Feb 2024 at 17:38hrs | 445 | by Staff reporter
JZ High School continues with 100% A-level pass rate
SITUATED in Gwanda District in the sprawling Matebeleland South Province, Jason Ziyaphapha (JZ) Moyo High School is not only named after a revolutionary luminary whose legacy cannot be bloated, but th...Published: 04 Feb 2024 at 17:35hrs | 377 | 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 | 187 | by Staff reporter
Global headwinds spell doom for Zimbabwe
TOP international economists predict that the global economy will decline this year, spelling trouble for Zimbabwe's foreign market-dependent economy.The Treasury expects Zimbabwe's economic g...Published: 20 Jan 2024 at 07:06hrs | 517 | by Staff reporter
Zimbabwe to support Mozambique ports project
Speaking during a wide-ranging press briefing at the ruling Zanu-PF party headquarters in Harare yesterday, national spokesperson Ambassador Christopher Mutsvangwa said a number of ports are under dev...Published: 16 Jan 2024 at 04:36hrs | 270 | by Staff reporter
Mr Mnangagwa where are the ZUPCO buses purchased in 2019?
The Citizens Coalition for Change raises critical questions surrounding the fate of ZUPCO buses reportedly bought and commissioned by Mr. Mnangagwa in 2019, as citizens grapple with transport challeng...Published: 12 Jan 2024 at 06:22hrs | 909 | by Staff reporter
King Lobhengula: The Statesman Par Excellence
The man who is credited to have expanded Buthwakazi until it covered virtually the whole of Budlanondo (present day Zimbabwe and parts of present day Botswana) is King Lobhengula (named after Prince N...Published: 11 Jan 2024 at 17:31hrs | 685 | by George Mkhwanazi
'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 | 133 | by Staff reporter
Mnangagwa ruined Zanu-PF business empire
THE predictable appointment of FBC Holdings chief executive John Mushayavanhu as the incoming Reserve Bank of Zimbabwe (RBZ) governor has completed President Emmerson Mnangagwa's critical post-electio...Published: 12 Dec 2023 at 18:00hrs | 3754 | by Staff reporter
UK based World Economics says Zimbabwe's economic data unusable
UNITED KINGDOM-BASED economic researcher, World Economics, has rated the country's official gross domestic product (GDP) and population data as "unusable", a week after State media applauded the UK-ba...Published: 29 Nov 2023 at 12:32hrs | 675 | 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 | 508 | by Paidamoyo Muzulu
Can we honestly say someone in ICU is 'doing very well'?
So, finance minister Mthuli Ncube actually believes Zimbabwe's economy is 'doing very well'!Wow!Talk about delusional thinking!Or, perhaps it is just someone who is deliberatel...Published: 03 Nov 2023 at 17:56hrs | 577 | by Tendai Ruben Mbofana
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 | 98 | by Staff reporter
IMF tells Zimbabwe to end RBZ's quasi-fiscal activities
The International Monetary Fund (IMF) has implored Zimbabwe to end the central bank's quasi-fiscal activities among a raft of reforms to "fully restore macroeconomic stability".The Reserve Ban...Published: 26 Oct 2023 at 06:36hrs | 492 | by Staff reporter
Zimbabwe GDP to grow by 4,8%
The International Monetary Fund (IMF) has reported that Zimbabwe's real gross domestic product is expected to grow by approximately 4.8 percent in the current year, driven primarily by robust performa...Published: 26 Oct 2023 at 06:26hrs | 59 | by Staff reporter
Zimbabwe wants new IMF staff-monitored program by April
Zimbabwe hopes to agree a new staff-monitored program with the International Monetary Fund (IMF) by April next year, with an IMF team due to visit later this month for initial talks, its finance minis...Published: 14 Oct 2023 at 08:56hrs | 573 | by Staff reporter
Zimbabwe inflation to hit 400% by year end, says IMF
The International Monetary Fund (IMF) has forecast that Zimbabwe's annual inflation rate is expected to rise to nearly 400% by the end of the year due to the depreciation of the local currency. This p...Published: 13 Oct 2023 at 06:36hrs | 528 | by Staff reporter
US resists pressure to reform IMF voting shares
US Treasury Secretary Janet Yellen showed little willingness to embrace reforms at the International Monetary Fund that would give China and other developing countries significantly more say in how th...Published: 12 Oct 2023 at 06:18hrs | 122 | by Staff reporter
Mnangagwa's Mutapa Fund likely to create oligarchs
FEARS abound that President Emmerson Mnangagwa's self-serving Mutapa Investment Fund project has hallmarks of how Russian state assets were sold for a song or brazenly stolen during its transition fro...Published: 09 Oct 2023 at 13:50hrs | 357 | by Staff reporter
EU, US sanctions hit Zimbabwe's agric sector hard
Since the final stage of the Cold War, the use of sanctions as a "soft approach" in international diplomacy gained pre-eminence among states that seek to influence the perception and behaviour of othe...Published: 02 Oct 2023 at 06:19hrs | 170 | by Livingstone Kazizi
Zimbabwe's 'rigged' inflation remains high at 18.4%
In September, Zimbabwe's annual inflation rate remained high at 18.4%, despite the adoption of a geometric aggregation method by the authorities for analyzing the consumer price index (CPI). The Zimba...Published: 29 Sep 2023 at 06:25hrs | 221 | by Staff reporter
Zimbabwe excluded from list of IMF's world's poorest nations
Retired Major Dr Anywhere Mutambudzi, Chief Director of Strategic Communications in the Presidential Communications Office of the President and Cabinet in Zimbabwe sparked a social media controversy b...Published: 07 Sep 2023 at 06:34hrs | 1955 | by Staff reporter
Zimbabwe Communist Party elections observer report for 2023 elections
OBSERVATIONS ON THE 2023 GENERAL ELECTIONGeneralFirstly, as Communists, we do not confuse democracy with voting.The word ‘democracy' is derived from Greek and means ‘rule by the pe...Published: 04 Sep 2023 at 06:34hrs | 950 | by Central Committee of the Zimbabwe Communist Party
Zimbabwe to clear its foreign debt by the end of 2025
ZIMBABWEAN Finance Minister Mthuli Ncube says Harare will do all it can to clear its foreign debt by December 2025 to open fresh lines of credit that would help in revamping the floundering economy....Published: 07 Aug 2023 at 06:36hrs | 2 | by Staff reporter
Zimbabwe election disinformation spreads on WhatsApp
From doctored photos making small crowds big to posts praising government accomplishments that never were, WhatsApp has become the channel of choice for disinformation in Zimbabwe before this month's ...Published: 06 Aug 2023 at 19:16hrs | 16 | by Staff reporter
Zanu-PF completes only 7% of 2018 promises - study
THE Zanu-PF-led government only managed to fulfil 16 of the 234 pledges in its 2018 election manifesto, which translates to just 7%, policy think-tank Sivio Institute has said.The figure indic...Published: 03 Aug 2023 at 06:47hrs | 21 | by Staff reporter
Zimbabwe's inflation drops to 101.3%
Zimbabwe's annual inflation eased to 101,3 percent in July from 175,8 percent in the prior month as the local unit continued to firm against the United States dollar and riding on tight fiscal and mon...Published: 26 Jul 2023 at 06:38hrs | 17 | by Staff reporter
Afro-jazz sensation Berita to perform at Zimfest Live
The Bulawayo-born 'queen of soul' will serenade crowds at this year's annual festival taking place at the weekendSouth Africa-based Zimbabwean musician Berita has joined a glowing lineup of ar...Published: 25 Jul 2023 at 09:55hrs | 72 | by Tidi Kwidini
Zimra surpasses revenue target
The Zimbabwe Revenue Authority (Zimra) collected $1,99 trillion in net revenue last year, 14 percent above the target of $1,60 trillion spurred by milestones registered in the agricultural sector....Published: 24 Jul 2023 at 06:46hrs | 3 | by Staff reporter
UK: Zimfest Live reveal exciting 2023 line-up for Herts Showground
New and familiar names including Killer T, Tocky Vibes, Berita, Musa Keys and Sha Sha have been added to the line-up, as revealed in the latest stage announcement.Zimfest Live will return in J...Published: 17 Jul 2023 at 09:19hrs | 46 | by Tidi Kwidini
China intensifies lithium interest in Zimbabwe
CHINA has accounted for more than half of investment licences issued by Zimbabwean authorities during the first quarter of the year amid a boom in global demand for lithium as commercial and domestic ...Published: 09 Jul 2023 at 14:25hrs | 9 | by Staff reporter
Zuma blasts IMF stance on Zimbabwe
Former South African President Cde Jacob Zuma yesterday took a swipe at the International Monetary Fund (IMF)'s 2001 stance to starve Zimbabwe of credit facilities, describing the move as unjust and u...Published: 08 Jul 2023 at 08:23hrs | 16 | by Staff reporter
Why Mnangagwa failed to improve Zim's economic prospects
IT is now more than five years since President Emmerson Mnangagwa assumed power with a mandate from his backers to improve the country's economic fortunes, the nemesis of his predecessor, Robert Gabri...Published: 29 Jun 2023 at 06:29hrs | 15 | by Martin Majaji
Load More Stories