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Stories

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Zimbabwe dollar continues to stabilise, sheds only $1.32 against the US dollar
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Zimbabwe dollar continues to stabilise, sheds only $1.32 against the US dollar

The Zimbabwe dollar today shed only $1.32 to average $629.5204 against the United States dollar indicating that it is stabilising. And most of those seeking foreign currency from the auction…
Posted by Charles Rukuni October 18, 2022
Zimbabwe will not use mineral reserves to pay off its debt
Posted inStories

Zimbabwe will not use mineral reserves to pay off its debt

Zimbabwe will not rush to use mineral reserves under a new policy that compels miners to pay half of their royalties in commodities to settle its foreign debt of US$13.2…
Posted by Charles Rukuni October 18, 2022
Zimbabwe engaging with World Bank, IMF on clearing IFI debt, says finance minister
Posted inStories

Zimbabwe engaging with World Bank, IMF on clearing IFI debt, says finance minister

Zimbabwe is engaging with the World Bank and International Monetary Fund on how to clear its debts with international financial institutions, Finance Minister Mthuli Ncube said at an IMF press…
Posted by Charles Rukuni October 17, 2022
Zimbabwe to maintain high interest rates of 200%
Posted inStories

Zimbabwe to maintain high interest rates of 200%

Zimbabwe will keep the world’s highest benchmark interest rate of 200% into next year as it prioritises economic stability ahead of high growth rates, Finance Minister Mthuli Ncube said. “I…
Posted by Charles Rukuni October 16, 2022
Mnangagwa says NGOs that peddle foreign interests and agenda will be banned and kicked out of the country
Posted inStories

Mnangagwa says NGOs that peddle foreign interests and agenda will be banned and kicked out of the country

Zimbabwe President Emmerson Mnangagwa today warned non-governmental organisations that peddle foreign interests or agendas that they will be banned and kicked out of the country once the Private Voluntary Organisations…
Posted by Charles Rukuni October 16, 2022
What the World Bank said about Zimbabwe attaining upper middle-income economy by 2030
Posted inStories

What the World Bank said about Zimbabwe attaining upper middle-income economy by 2030

Despite various economic setbacks, Zimbabwe regained lower middle-income country (LMIC) status in 2018 and aspires to become an upper middle-income country (UMIC) by 2030.  Zimbabwe’s economic structure is closer to…
Posted by Charles Rukuni October 16, 2022
Chitepo, Sithole, Nkomo and Mugabe are turning in their graves over PVO bill, Biti says
Posted inStories

Chitepo, Sithole, Nkomo and Mugabe are turning in their graves over PVO bill, Biti says

Zimbabwe nationalists Herbert Chitepo, Ndabanindi Sithole, Edson sithole, Joshua Nkomo and Robert Mugabe are turning in their graves over the proposed Private Voluntary Organisations Amendment Bill because it is not…
Posted by Charles Rukuni October 15, 2022
Biti says mining leases are being distributed like cakes at a wedding to people that have no money
Posted inStories

Biti says mining leases are being distributed like cakes at a wedding to people that have no money

Opposition legislator Tendai Biti has called on the Minister of Mines Winston Chitando to come to Parliament to explain how mining leases are being granted because they are being distributed…
Posted by Charles Rukuni October 15, 2022
 Zimbabwe’s new royalty law – a positive step towards more equitable value share, but…….
Posted inStories

 Zimbabwe’s new royalty law – a positive step towards more equitable value share, but…….

As important strides are made to attain the US$12 billion mining earnings target by 2023, up from US$2.7 billion recorded in 2017, the big question is how is this going…
Posted by Charles Rukuni October 14, 2022
Zimbabwe needs 9% annual growth to attain upper-middle-income status by 2030 says World Bank
Posted inStories

Zimbabwe needs 9% annual growth to attain upper-middle-income status by 2030 says World Bank

“Zimbabwe will be an upper middle-income country by 2030” is a slogan that officials in the country love repeating. But this would need unlikely growth rates of between 8%-9% over…
Posted by Charles Rukuni October 13, 2022

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