TRAPPED: How Zimbabwe suffers from U.S. Prohibition on Economic Assistance

OP-Ed by Pearl Matibe The clock in Zimbabwe—unlike the rest of the world—turns backwards. If the Parliamentary Portfolio Committee on Foreign Affairs and International Trade address topics associated with foreign policies, agreements with other countries, and the lack of foreign assistance, it should also demonstrate that it monitors the work done by the Ministry of …

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Air Zim will take-off in 2020 says Mthuli

By Staff Reporter Finance Minister Mthuli Ncube has told Parliament that the struggling national carrier Air Zimbabwe will take-off in 2020 and will be having about 4 aircraft. Air Zimbabwe is currently operating one aircraft which is said to be old and is constantly breaking down forcing the airline to cancel or delay flights. Apart …

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Mthuli refuses to increase CDF from ZW$175k

By Staff Reporter Finance and Economic Development Minister Mthuli Ncube has refused to increase the Constituency Development Fund (CDF) from the current ZW$175 000 arguing that the amount is adequate if it is effectively used. The concept of the CDF was introduced during the time of the inclusive government with the aim of enabling legislators …

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I didn’t know CDF disbursement has been delayed says Mthuli

By Staff Reporter Finance and Economic Development Minister Mthuli has told Parliament he was not aware that disbursement of Constituency Development Fund (CDF) has been delayed. CDF was introduced during the time of the Inclusive Government with a view to helping legislators to champion development in their constituencies. Chitungwiza North legislator Godfrey Sithole had wanted …

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Legislator urges Mthuli to maintain 2% tax

By Staff Reporter Shamva South legislator Bramwell Bushu (Zanu PF) has called on Finance and Economic Development Minister Mthuli Ncube to maintain the unpopular 2% tax arguing that the government needs the money to finance its activities. Speaking in the National Assembly during the Finance Bill Budget Debate, Honourable Bushu said the government has been …

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Consumer Protection Bill passes through Parliament, awaits Presidential assent

By Joel Mandaza The Consumer Protection Bill which sailed through Parliament is now awaiting the Presidential assent to become law. In a notice in the Government Gazette of December 6, 2019, Speaker of National Assembly Advocate Jacob Mudenda announced that “In terms of section 131(5) (b) of the Constitution of Zimbabwe, it is hereby notified …

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Sanctions are real but… (Part 2)

By Prosper Chitambara Development economics is filled with case studies of countries that have successfully busted economic sanctions and trade embargoes. For instances, following the Unilateral Declaration of Independence (UDI) by Ian Smith on 11 November 1965 Great Britain immediately announced the imposition of sanctions, including the freezing of Rhodesian assets. Shortly thereafter, the UN …

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No consistencies, no guarantees, 2020 budget is a moving target

By Staff Reporter Seasoned economist Gift Mugano has trashed Mthuli Ncube’s budget which was presented last week arguing that it lacks consistency adding that there is no guarantee that it will be the same by the end of December 2020. Minister Ncube had promised a ZW$29 billion budget for 2020 but a few weeks later …

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2020 Budget: We carry a burden of the past

By Persistence Gwanyanya Correspondent It is now very clear for everyone to see that only long-term solutions can deliver Zimbabwe from its economic ills, which are largely structural in nature. While there appears to be an understanding of the urgency of economic reforms by the treasury, it seems we underestimated the depth of our challenges, …

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Bank notes saga, Mthuli, Mangudya must explain says Parliament

By Staff Reporter Parliament says Minister of Finance Mthuli Ncube and Reserve Bank Governor John Mangudya must investigate the issue of new banknotes that have been leaked to the black market and give a comprehensive statement to the House next week. The issue of banknotes flooding the black market immediately after release has become a …

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