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Mangudya calls for equitable IMF fund disbursements

Former Reserve Bank of Zimbabwe (RBZ) governor and current CEO of Mutapa Investment Fund, John Mangudya, has urged the International Monetary Fund (IMF) to ensure equitable disbursements of funds to Africa to enable the continent to realiz…

Published: 28 Jun 2025 at 14:44hrs | 71 | by Staff reporter

Mnangagwa cuts short Mangudya's term at RBZ

President Emmerson Mnangagwa on Thursday brought forward by a month the appointment of John Mushayavanhu as the new Reserve Bank of Zimbabwe governor, hoping to stem the collapse of the local currency.The official exchange rate moved from …

Published: 28 Mar 2024 at 16:10hrs | 12 | by Staff reporter

Mangudya warns against forex loans

In a situation where there is little foreign currency in the market despite the banking sector having US$2,5 billion in nostro deposits, Reserve Bank of Zimbabwe governor John Mangudya has warned against reckless borrowing.Mangudya spoke a…

Published: 12 Mar 2023 at 06:37hrs | 17 | by Staff Reporter

Mangudya finds the $15 billion booty

On 18 June 2022, Zimbabwe woke up to the Reserve Bank Governor, Mangudya's admission that, "Fifteen major companies have been creating huge extra profits by borrowing billions of dollars, often from several banks, at concessionary interest…

Published: 19 Jun 2022 at 21:07hrs | 11 | by Sam Wezhira

'Zimbabwe Reserve Bank is not creating money'

The Sunday Mail Editor Victoria Ruzvidzo (VR) had a no-holds-barred interview with RBZ Governor Dr John Mangudya (JM) on the latest developments in the economy, among them suspension of bank lending, and their implications. Read on  .…

Published: 22 May 2022 at 08:26hrs | 14 | by Staff reporter

RBZ in dramatic U-turn on lending

THE central bank yesterday lifted its temporary suspension of lending services by banks after the policy triggered sustained protests from industry, commerce and the public in general.In a statement yesterday, the Reserve Bank of Zimbabwe …

Published: 18 May 2022 at 06:23hrs | 11 | by Staff reporter

RBZ still optimistic about low inflation

Reserve Bank of Zimbabwe Governor, Dr John Mangudya, remains confident authorities will be able to maintain a lid on prices to curtail potential relapse into runaway inflation, following worrying increases in December and January. The mont…

Published: 10 Feb 2021 at 05:29hrs | 10 | by Staff reporter

RBZ clarifies use of USD

RESERVE Bank of Zimbabwe (RBZ) Governor Dr John Mangudya has explained the use of US dollars in the country, including value and legal status of the virtual form of the greenback. This comes as the central bank has engaged banking institut…

Published: 22 Dec 2020 at 06:40hrs | | by Staff reporter

RBZ orders Zimbabwe banks to give forex

Reserve Bank of Zimbabwe (RBZ) governor John Mangudya has ordered banks to settle transactions outside the public glare as he cracks the whip on the sector amid revelations some banks were refusing clients to withdraw cash from their forei…

Published: 03 Dec 2020 at 07:06hrs | 7 | by Staff reporter

Hon Biti attempting to ensnare Prof Ncube, Dr Mangudya for political gain

FORMER Finance and Economic Development Minister, Honourable Tendai Biti is one of the very few political figures within the country's multiple opposition parties who appear to understand their responsibility as that of holding the governi…

Published: 15 Sep 2020 at 11:34hrs | 1 | by Nathan Gurira

Mangudya stabilizes market and prices through Foreign exchange auction

The main objective of introducing the Foreign exchange auction is price stability and exchange rate price discovery. Prices have been stable for the past eight weeks or so, and hence optimism. That bids to the auction represents the desire…

Published: 26 Aug 2020 at 13:30hrs | 10 | by Tinashe Eric Muzamhindo

Exposing government links with mysterious FSG company

It seems Parliament has a knack for asking all the right questions when it comes to Fertiliser, Seed Grain (FSG) private limited. Investigations have revealed that the company is located at number 75a Kew Drive has an unexplained military …

Published: 26 Aug 2019 at 20:36hrs | 325 | by Nicholas Ncube

Dr Mangudya's reappointment welcome

The reappointment of Dr John Mangudya by President Emmerson Mnangagwa for a second five-year term as Governor of the Reserve Bank of Zimbabwe, and thus the custodian of the national monetary policy, will be welcomed by those who seek a str…

Published: 05 May 2019 at 09:29hrs | 1 | by Staff reporter

Tendai Biti's mischief exposed

The recent summoning of the Reserve Bank Governor, Dr John Mangudya, to appear before the Parliamentary Public Account Portfolio Committee (PAC) has exposed Tendai Biti, the Committee Chairman of using the hearing to play politics, unsettl…

Published: 12 Mar 2019 at 22:29hrs | | by Staff reporter

Monetary policy statement, an admission of failure

On February 20, Reserve Bank of Zimbabwe governor, John Mangudya, issued his monetary statement which contained both admissions of failure in the economy and a topsy-turvy aspiration for an immediate better future.The monetary policy state…

Published: 25 Feb 2019 at 08:25hrs | 2620 | by Tapiwa Gomo

Mangudya formally devalues the bond...introduces new currency

The RBZ officially introduced a new currency despite days of denial by the Zanu PF government including the Ministry of Finance and the RBZ.Again the Monetary statement fails to deal with the basic fundamentals, demonetizing the bond note …

Published: 21 Feb 2019 at 06:38hrs | | by Jacob Mafume

John Mangudya's Bonditary policy confirms US$100 salary for a teacher

I am not an economist, I am a subsistence farmer but with a little knowledge of economics that I grasped from my experiences with primary education, John Mangudya's latest Bonditary policy is going to consume President ED Mnangagwa's reput…

Published: 20 Feb 2019 at 19:11hrs | 1 | by Don Chigumba

LIVE- All eye on Mangudya #MonetaryPolicyStatement speech

THE governor of the Reserve Bank of Zimbabwe (RBZ) Dr John Mangudya will today (Wednesday) at 14:30hrs release the long-awaited Monetary Policy Statement (MPS). The market is eagerly waiting to see what the governor has in store for an exp…

Published: 20 Feb 2019 at 12:16hrs | 34 | 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 of the biggest clubs in the world has …

Published: 19 Feb 2019 at 17:13hrs | | by Guthrie Munyuki

Why did you fire Lumumba?

Zimbabweans are asking the ZANU-PF government why did they fire Lumumba. Is it employment procedures or what he did after hired? If employment procedures were not properly followed, why did you wait until he dropped a nuclear bomb that sho…

Published: 25 Oct 2018 at 09:34hrs | 3 | by Isaac Nkomah

RBZ stop illegal forex dealings

We have already plunged into 2008 demise where RBZ is printing out the bond notes and exchange them for foreign currency at black market. May I challenge Panonetsa Mangudya to respond to the following questions. Who are these people who mo…

Published: 17 Oct 2018 at 17:36hrs | 1 | by Isaac Nkomah

Dr Mangudya, you are to blame for the cash crisis!

Reserve Bank of Zimbabwe (RBZ) governor John Mangudya recently made d three disheartening statements concerning the current liquidity crisis.He said civil servants should not bother commercial banks by demanding cash because the government…

Published: 27 Aug 2017 at 12:58hrs | | by Blessing Machiva

Bond Notes: Our refusal to learn from history

The study of history has a moral purpose, so we are told. It is believed that studying history can create better citizens in a free society. At least this is the shared belief among authors of history books. I am sure the government of Zim…

Published: 10 Oct 2016 at 16:40hrs | 7 | by Whitlaw Mugwiji

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