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Transparency International Zimbabwe (TIZ) executive director Muchaneta Mundopa has called on the government to publish publicly the names of beneficial owners of companies that have been awarded contracts to supply COVID-19 response related goods in the country. Mundopa said publishing the names will go a long way in helping the CSOs and the media to …
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By Staff Writer Zimbabwe’s tourism sector could lose up to US$1billion in revenue as tourist arrivals into the southern African nation are expected to decline by up to 85% due to COVID-19, a senior government official has said. The country’s tourism industry has been named as one of the hardest hit sectors following the outbreak …
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By Staff Writer Zimbabwe’s tourism sector could lose up to US$1billion in revenue as tourist arrivals into the southern African nation are expected to decline by up to 85% due to COVID-19, a senior government official has said. The country’s tourism industry has been named as one of the hardest hit sectors following the outbreak …
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By Staff Writer Government has begun consultations for the allocation of the ZW$18 billion COVID-19 rescue plan for productive sectors, Finance Minister Mthuli Ncube has said. Last week President Emmerson Mnangagwa announced a bail out program for local industry which is teetering on the brink of collapse following the outbreak of the pandemic. “To this …
The post Govt sets team to design finer details for stimulus package appeared first on Open Parly.
By Staff Writer President Emmerson Mnangagwa has announced a ZW$18 billion stimulus package for the economy which took a cough due to the COVID-19 pandemic. Experts have however warned that while the package is long overdue, the rescue plan could result in money supply growth which is inflationary and could also fuel corruption in the …
The post Govt. Warned: ZW$18 billion stimulus package will stoke inflation appeared first on Open Parly.
By Staff Writer Zimbabwe’s tax agency (Zimra) surpassed its revenue quarterly target by 10,42% to ZW$13.88 billion during the first three months of the year but predicted that collections will plunge in the next quarter on the backdrop of looming job cuts driven by the COVID-19 pandemic. Official figures on the spread of the virus …
The post Zimra surpasses quarterly targets, warns of massive job cuts due to COVID-19 appeared first on Open Parly.
By Staff Writer The government on Wednesday gazetted a new piece of legislation that would result in tenants deferring residential rentals while would-be homeowners would also delay in making payments for mortgages but market players and experts have warned that the move could have far-reaching consequences on Zimbabwe’s fragile economy. According to SI 96/2020, property …
The post Mr President, this will not work, says experts appeared first on Open Parly.
By Staff Writer The government on Wednesday gazetted a new piece of legislation that would result in tenants deferring residential rentals while would-be homeowners would also delay in making payments for mortgages but market players and experts have warned that the move could have far-reaching consequences on Zimbabwe’s fragile economy. According to SI 96/2020, property …
The post Mr President, this will not work, says experts appeared first on Open Parly.
By Staff Writer Zimbabwe’s central bank has reduced bank rates to 15% from 25% per annum with effect from Friday this week as authorities move in to ease the cost of borrowing against the backdrop of an economic implosion triggered by COVID-19. Zimbabwe’s economy is floundering and expects project the Gross Domestic Product to contract …
The post RBZ lowers lending rates in response to COVID-19 appeared first on Open Parly.
By Staff Writer Zimbabwe’s central bank has reduced bank rates to 15% from 25% per annum with effect from Friday this week as authorities move in to ease the cost of borrowing against the backdrop of an economic implosion triggered by COVID-19. Zimbabwe’s economy is floundering and expects project the Gross Domestic Product to contract …
The post RBZ lowers lending rates in response to COVID-19 appeared first on Open Parly.