Search / Mthuli
Zimbabwe cuts some spending items as ZiG drop hits budget
Zimbabwe's currency devaluation is forcing the government to cut spending on certain budget items.The country's Treasury asked government departments to prioritize their spending commitments f...Published: 7 hrs ago | 64 | by Staff reporter
Confidence in Zimbabwe gold currency hits historic low
Confidence in the Zimbabwe Gold (ZiG) currency has dropped to an all-time low, a member of the Reserve Bank of Zimbabwe (RBZ) Monetary Policy Committee has admitted.Introduced in April this ye...Published: 14 Nov 2024 at 09:52hrs | 1765 | by Staff reporter
Bulawayo man develops solar-powered three-wheeled vehicle
For many, dropping out of school is seen as a setback, a dead-end in a society where education is believed to be the key to a brighter future. However, for 31-year-old Charles Ncube of Luveve suburb, ...Published: 14 Nov 2024 at 09:36hrs | 342 | by Staff reporter
Mthuli Ncube to clear ZiG57m BEAM arrears
The Government has pledged to clear ZiG57 million in arrears owed to the Basic Education Assistance Module (BEAM), following a recent directive from the ruling Zanu-PF party to settle outstanding debt...Published: 14 Nov 2024 at 09:23hrs | 90 | by Staff reporter
Zimbabwe targets 2,100MW renewable energy by 2030
The Zimbabwean government has reaffirmed its commitment to advancing renewable energy solutions, aiming to achieve 1,100 megawatts (MW) from renewable energy sources by 2025 and 2,100 MW by 2030. Thes...Published: 11 Nov 2024 at 07:03hrs | 228 | by Staff reporter
Mthuli Ncube donates rice to Cowdray Park Residents
FINANCE, Economic Development and Investment Promotion Minister Professor Mthuli Ncube is in Cowdray Park today, where he is set to donate 10 000 tonnes of Rice to the vulnerable and elderly in the su...Published: 10 Nov 2024 at 12:29hrs | 1079 | by Staff reporter
Zimbabwe sitting on a time bomb, minister warns
Youth Empowerment Minister Tinoda Machakaire expressed frustration on Friday over Treasury's failure to settle approved allocations for his ministry as outlined in the 2024 national budget. Machakaire...Published: 10 Nov 2024 at 11:00hrs | 1163 | by Staff reporter
Zimbabwe to hold talks on $21 billion debt albatross this month
Zimbabwe will resume talks with creditors later this month to restructure $21 billion in external debt as it seeks to exit a default that's kept it locked out of international capital markets since 19...Published: 07 Nov 2024 at 07:17hrs | 391 | by Rigid Kondongwe
Zimbabwe govt posts ZiG3,4bn budget deficit
GOVERNMENT has reported a ZiG3,4 billion budget deficit for the first nine months of the year owing to inflationary pressures and growing expenditure.Finance, Economic Development and Investme...Published: 07 Nov 2024 at 07:13hrs | 267 | by Staff reporter
Zimbabwe's economy to grow 6% in 2025
Zimbabwe's economy is projected to expand by six percent in 2025, bolstered by favorable rainfall conditions that are expected to boost agricultural productivity, Finance, Economic Development, and In...Published: 07 Nov 2024 at 07:00hrs | 236 | by Staff reporter
Zimbabwe's gold-backed ZiG extends rare advance against dollar
Zimbabwe's gold-backed currency, which has been battered on foreign exchange markets since its April debut, rose against the dollar for a second day on the back of tighter monetary policy.The ...Published: 06 Nov 2024 at 07:04hrs | 803 | by Staff reporter
ACBF launches plan to support Zimbabwe bureaucrats
The African Capacity Building Foundation (ACBF) has launched its inaugural leadership development programme in Zimbabwe, aimed at addressing governance challenges and building the capacity of pub...Published: 06 Nov 2024 at 07:00hrs | 95 | by Staff reporter
Zimbabwe's tight monetary policy stance boosts ZiG
Zimbabwe's gold-backed currency posted its first gain in more than two weeks, suggesting that tighter monetary policy is working the central bank said.The ZiG, short for Zimbabwe Gold, strengt...Published: 05 Nov 2024 at 08:26hrs | 2509 | by Staff reporter
Retail outlets closes amid ZWG fluctuation
The recent spate of closures among prominent retail outlets in Zimbabwe has prompted Parliament to demand an explanation from Finance Minister Mthuli Ncube. The closures, attributed to the ongoing eco...Published: 05 Nov 2024 at 08:25hrs | 7784 | by Staff reporter
Bonuses for civil servants will be paid starting Friday next week
Starting Friday next week, Zimbabwean public sector employees will begin receiving their 2024 annual bonuses, with the first 50 percent instalment to be paid alongside November salaries and the remain...Published: 03 Nov 2024 at 10:05hrs | 1387 | by Staff reporter
Weak currency key to economic growth, says Mthuli Ncube
Finance, Economic Development and Investment Promotion Minister Mthuli Ncube has defended Zimbabwe's weak domestic currency, asserting that it has played a crucial role in fostering economic growth. S...Published: 31 Oct 2024 at 06:52hrs | 646 | by Staff reporter
Economy registers three-year growth, says Prof Ncube
Zimbabwe has sustained robust economic growth over the past three years, averaging an impressive 6.8 percent annually, despite significant currency fluctuations, Finance, Economic Development, and Inv...Published: 31 Oct 2024 at 06:48hrs | 89 | by Staff reporter
RBZ rubbishes Chamisa lawyer's claims on ZiG
The Reserve Bank of Zimbabwe (RBZ) has reaffirmed that the Zimbabwe Gold (ZiG) currency remains the country's legal tender, dismissing speculation that it had expired following the lapse of Statutory ...Published: 29 Oct 2024 at 07:25hrs | 354 | by Staff reporter
Zimbabwe's new policy outlines plans to widen tax base
The Zimbabwean government has announced a new policy under the Zimbabwe Industrial Reconstruction and Growth Plan (ZIRGP) to simplify tax models for Small to Medium Enterprises (SMEs). This move aims ...Published: 27 Oct 2024 at 12:18hrs | 264 | by Staff reporter
Mthuli Ncube's Ministry fails to provide Zimbabwe's basic economic data
Officials from Zimbabwe's Ministry of Finance faced sharp criticism on Monday during a Parliamentary Portfolio Committee on Budget and Finance meeting after arriving unprepared for the 2025 budget con...Published: 23 Oct 2024 at 15:58hrs | 255 | by Staff reporter
Zimbabwe suspends duty on bus, lorry tyre imports
The Zimbabwean government has suspended import duty on commercial tyres for buses and lorries in a bid to strengthen the public transport system. The move, announced by Finance, Economic Development a...Published: 23 Oct 2024 at 07:48hrs | 471 | by Staff reporter
Timba-led Chamisa faction fails
The High Court, led by Justice Faith Mushure, has dismissed an urgent application from the Jameson Timba-led faction of the Citizens Coalition for Change (CCC) that sought to block another faction fro...Published: 18 Oct 2024 at 08:49hrs | 299 | by Staff reporter
ZiG devaluation amid rising gold prices raises lots of questions
Justice, Legal and Parliamentary Affairs Minister Ziyambi Ziyambi faced tough questions in Parliament on Wednesday regarding the recent devaluation of the Zimbabwe Gold currency (ZiG) despite soaring ...Published: 18 Oct 2024 at 08:47hrs | 256 | by Staff reporter
Selling fuel in Zimbabwe's local currency will stabilising the ZiG
In a pivotal announcement, Zimbabwe's Finance Minister Mthuli Ncube declared that all taxes and fees should now be paid in the Zimbabwe Gold (ZiG) currency. This move is part of a broader strategy to ...Published: 17 Oct 2024 at 16:44hrs | 3247 | by Engineer Jacob Kudzayi Mutisi
Gwayi-Tshangani Lake: A timeline of missed deadlines and delays
The Gwayi-Shangani dam was first mooted in 1912 by the colonial Rhodesia government. Its construction is part of the National Matabeleland Zambezi Water Project. It is projected to solve the Bulawayo ...Published: 17 Oct 2024 at 12:38hrs | 950 | by Staff reporter
Selling Fuel in Zimbabwe's Local Currency will Stabilising the ZiG
In a pivotal announcement, Zimbabwe's Finance Minister Mthuli Ncube declared that all taxes and fees should now be paid in the Zimbabwe Gold (ZiG) currency. This move is part of a broader strategy to ...Published: 17 Oct 2024 at 12:32hrs | 6183 | by Engineer Jacob Kudzayi Mutisi
Advantage Welshman, Tshabangu as Timba CCC suffers setback
The Citizens Coalition for Change party led by Jameson Timba on Wednesday suffered a setback in its bid to claim ZiG 22.1 million under the Political Parties (Finance) Act after a judge ruled that its...Published: 17 Oct 2024 at 10:10hrs | 1538 | by Staff reporter
Taxes, fees to be paid in ZiG
The Zimbabwean Treasury is set to implement new measures requiring most taxes and fees to be paid exclusively in the Zimbabwe Gold (ZiG) currency, a move aimed at increasing demand and stabilizing its...Published: 17 Oct 2024 at 09:05hrs | 2513 | by Staff reporter
Zimbabwe's ICT Ministry faces severe financial crisis
The Information Communication Technology (ICT) ministry is grappling with a critical financial crisis due to a significant shortfall in its budget allocations, hindering its ability to effectively con...Published: 17 Oct 2024 at 09:01hrs | 170 | by Staff reporter
Zimbabwe teachers vow to fight on after High Court setback
Teachers in Zimbabwe are set to boycott the National Joint Negotiation Council (NJNC) following a High Court ruling that dismissed their application for improved working conditions. The joint applicat...Published: 14 Oct 2024 at 08:17hrs | 377 | by Staff reporter
Mthuli Ncube assures Zimbabweans amid ZiG volatility concerns
Finance Minister Mthuli Ncube has reassured Zimbabweans that there is no cause for alarm regarding potential volatility of the Zimbabwe Gold (ZWG) currency, citing the country's balanced local currenc...Published: 12 Oct 2024 at 11:22hrs | 376 | by Staff reporter
Zimbabwe government's continued web of lies on ZiG gold-backing exposed!
Yesterday's statement, in a ZBC interview, by Reserve Bank of Zimbabwe Governor John Mushayavanhu has sparked confusion regarding the country's new currency, the Zimbabwean Gold (ZiG). The gov...Published: 11 Oct 2024 at 08:32hrs | 2294 | by Tendai Ruben Mbofana
Zimbabwe hires Rothschild advisers over $21 Billion defaulted debt pile
Zimbabwe's government has hired financial and legal advisers to help it navigate potential talks with international creditors over the $21 billion it owes, according to people familiar with the matter...Published: 10 Oct 2024 at 12:22hrs | 529 | by Staff reporter
Zimbabwe teachers suffer setback in salary demands
Teachers in Zimbabwe have faced a significant setback in their quest for improved salaries and working conditions, following the High Court's dismissal of their joint application against the governmen...Published: 09 Oct 2024 at 07:48hrs | 988 | by Staff reporter
Khupe engages Mthuli Ncube to boost cancer treatment in Zimbabwe
Former Deputy Prime Minister and cancer advocate, Dr. Thokozani Khupe, has revealed that she has successfully engaged the Minister of Finance and Economic Development, Professor Mthuli Ncube, on alloc...Published: 08 Oct 2024 at 18:45hrs | 315 | by Staff reporter
Zimbabwe compensates farmers over land invasions
The Zimbabwean government will this month pay an initial $20 million to foreign white and local Black farmers who lost land in farm invasions under former leader Robert Mugabe at the turn of the centu...Published: 08 Oct 2024 at 07:34hrs | 1584 | by Staff reporter
ZiG's false promise: Debunking the gold-backed myth
Some of us said it from day one, but we were accused of being 'prophets of doom'.When the Zimbabwe authorities declared war on illegal money changers, ostensibly, in order to 'defend' the stab...Published: 07 Oct 2024 at 16:36hrs | 1409 | by Tendai Ruben Mbofana
Mnangagwa govt warns errant businesses
Finance, Economic Development, and Investment Promotion Minister, Professor Mthuli Ncube, has issued a stern warning to unscrupulous business operators seeking to exploit the exchange rate for persona...Published: 05 Oct 2024 at 17:25hrs | 3436 | by Staff reporter
ZPRA veterans lament Tshinga Dube's death before return of confiscated properties
The ZPRA Veterans Association has expressed profound sorrow over the passing of Retired Colonel Tshinga Judge Dube, who died on Thursday evening at the age of 83 due to kidney failure. His death comes...Published: 05 Oct 2024 at 13:22hrs | 405 | by Staff reporter
ZiG adjustment stabilises prices, claims Mthuli Ncube
The recent adjustment of the exchange rate between the Zimbabwe Gold (ZiG) currency and the United States dollar has successfully stabilised market prices, Finance, Economic Development and Investment...Published: 05 Oct 2024 at 11:29hrs | 164 | by Staff reporter
Salary review for civil servants
The Government of Zimbabwe is set to adjust the wages of civil servants in response to the recent 42.55 percent increase in the Zimbabwe Gold (ZiG) exchange rate against the United States dollar, Fina...Published: 03 Oct 2024 at 08:45hrs | 421 | by Staff reporter
Row over release of fraud suspects
A senior regional prosecutor in Harare, Ms. Gossy Mudambu, is facing allegations of facilitating the release of three fraud suspects before their scheduled bail hearing, sparking concerns of potential...Published: 03 Oct 2024 at 08:43hrs | 185 | by Staff reporter
MPs demand explanation from Mthuli Ncube
WEDZA North MP Itai Ndudzo has formally demanded that Finance Minister Mthuli Ncube provide a ministerial statement addressing the recent devaluation of Zimbabwe's new gold-backed currency, the Zimbab...Published: 02 Oct 2024 at 07:57hrs | 1240 | by Staff reporter
Zimbabweans outraged after RBZ devalues ZiG
A storm of outrage has swept across Zimbabwe following the Reserve Bank of Zimbabwe's (RBZ) shocking decision to devalue the Zimbabwe Gold (ZiG) currency by 75%. The drastic measure has ignited a wave...Published: 28 Sep 2024 at 13:27hrs | 6761 | by Staff reporter
An Open Letter to Finance Minister Mthuli Ncube
Dear Finance Minister Mthuli Ncube,As you navigate the complexities of Zimbabwe's economic landscape, a pressing matter deserves your urgent attention: the persistent depreciation of the Zimba...Published: 27 Sep 2024 at 22:51hrs | 841 | by Engineer Jacob Kudzayi Mutisi
'Govt must adjust ZiG salaries following currency devaluation'
The Amalgamated Rural Teachers Union of Zimbabwe (ARTUZ) has called on Finance Minister Mthuli Ncube and the government to take immediate action in adjusting salaries following the official devaluatio...Published: 27 Sep 2024 at 17:52hrs | 1880 | by Staff reporter
'Mat South 5' express frustration over court delays in ZAPU leadership dispute
Five former members of ZAPU in Matabeleland South, known as the 'Mat South Five,' have voiced frustration over the prolonged court delay in ruling on their case challenging the legitimacy of Sibangili...Published: 26 Sep 2024 at 17:30hrs | 617 | by Staff reporter
Dynamos crash out of Caf Confederation cup on penalties
Zimbabwean football giants, Dynamos, were heartbreakingly eliminated from the Caf Confederation Cup on Sunday, after losing 3–1 on penalties to Botswana's Orapa United at the Obed Itani Chilume Stad...Published: 26 Sep 2024 at 17:25hrs | 614 | by Staff reporter
Mnangagwa gifts off-road vehicles to traditional leaders
Harare, September 26, 2024 – President Emmerson Mnangagwa sparked controversy yesterday by distributing off-road twin-cab vehicles to traditional leaders while many families across Zimbabwe face sev...Published: 26 Sep 2024 at 09:57hrs | 223 | by Staff reporter
Mthuli Ncube slammed
The Zimbabwe Coalition on Debt and Development (ZIMCODD) has called on Finance Minister Mthuli Ncube to expand the upcoming 2025 National Budget Consultations to allow for more inclusive input from th...Published: 20 Sep 2024 at 08:05hrs | 576 | by Staff reporter
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