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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We have great expectations, but Mthuli has failed us before: Masarira

By Staff Reporter Labour Economists and Afrikan Democrats (LEAD) president Linda Masarira says her party is expecting positives from the 2020 National Budget that is going to be presented in Parliament this Thursday (14 November 2019) despite the misfiring of the previous ones. Minister Mthuli Ncube’s budget comes at a time when Zimbabwe is going …

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New Currency/Notes: Who should we believe, Mangudya or Mthuli?

By Staff Reporter Zimbabweans find themselves at crossroads, unsure whether to believe Reserve Bank of Zimbabwe Governor John Mangudya or Finance Minister Mthuli Ncube on the currency issue. Mangudya had told the media at a press conference that the country will be introducing a new currency that will circulate alongside the Bond Notes, however, his …

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Sanctions are real but… (Part 1)

By Prosper Chitambara The major highlight of the past week was the anti-sanctions march on Friday 25 October; a day designated as the anti-sanctions day by SADC and declared a public holiday by the government of Zimbabwe. While external sanctions are real and have had some negative implications on the economy, the worst form of …

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Mthuli increases CDF to ZW$175K

By Daniel Chigundu Speaker of the National Assembly Jacob Mudenda has revealed that the Constituency Development Fund (CDF) has been increased to about ZW$175 238 per constituency. Legislators had complained during the Supplementary Budget debate that what had been previously allocated to them in the initial 2019 budget had been eroded by inflation and changes …

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Parly to conduct public hearings on 2020 budget

The Portfolio Committee on Budget, Finance and Economic Development will conduct public hearings around the country on the 2020 National Budget from Monday 23rd September to Friday 27th September 2019. Attendance at the Public Hearings Members of the public, interested groups and organisations are invited to attend these hearings, meetings and express their views to the …

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Command Agriculture saga: Biti digs deeper.

By James Martin Treasury in 2018 paid USD$400 million to a funeral parlour called FSG to supply fertilisers and seed for the Command Agriculture program, the Parliamentary Portfolio Committee on Public Accounts has heard. This revelation comes barely two weeks after the Ministry of Agriculture professed ignorance to the US$3.2 billion which it is alleged …

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Zanu PF’s Parliamentary crudity is winning battles but losing the war

OPINION By Wisdom Mumera In July Tendai Biti (Harare East-MDC Alliance) delivered a vintage debate speech in Parliament, hitting out at the Finance Ministry over multiple infractions noted in the Auditor General’s Report, revealing how the spider-web of poor governance was spreading from there to everywhere else in the country’s sordid mess of state and …

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Convert civil servants salaries at interbank rate: Chinotimba [Full text]

Buhera South legislator Joseph Chinotimba has called on the Minister of Finance and Economic Development Mthuli Ncube to consider converting civil servants salaries using the interbank rate adding that what they are getting is accounting to nothing in the current economic situation. Chinotimba said when the country converted to the mono currency system they should …

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