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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 …
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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 Mechelle Chavango It is almost a month since Zimbabwe instituted a national lockdown to curb the spread of COVID-19, it has been a desperate time for most people, but as with most situations, some are more impacted than others. Panic buying, hoarding or stocking up as they call it, preceded the stay home period, but …
The post Menstruation in a period of lockdown appeared first on Open Parly.
Freezim Congress president Joseph Makamba Busha has said Zanu PF has no capacity to run the country’s economy, adding that their only role was to liberate the country. In 1980 when Zimbabwe got its independence from the late Ian Smith following a protracted liberation struggle, the economy is said to have been the best in …
The post Zanu PF’s skill was to liberate us, running the economy is not theirs, says Busha appeared first on Open Parly.
By Staff Writer Zimbabwe’s prospects of accessing long-term concessionary funding from international financial institutions has been thrown into disarray after the southern African country missed key benchmarks in its reform drive, analysts have warned. The country is saddled with a debt stock of $16,9 billion, with external debt accounting for approximately $7,4 billion. Out of …
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OPINION By Tanyaradzwa Timbatimba While we appreciate the heroics and sacrifices done by war veterans during the liberation struggle in the 70s, I think it is time to call it enough on their demand for benefits. Yes war veterans lost opportunities while they were in the bush fighting for the independence of the country, and …
The post Enough is enough, war veterans should not be given more money appeared first on Open Parly.
Government has revealed that there are many other Chinese companies besides Huawei Technologies that are exempted from paying tax in Zimbabwe. Zimbabwe announced a few weeks ago through a Statutory Instrument 25 of 2020 that Huawei Technologies was exempted from paying tax backdated to 2009, however, the announcement was received with mixed feelings by members …
The post Its not Huawei Technologies alone, there are other Chinese firms exempted, says Govt appeared first on Open Parly.
By Nkanyiso Ncube Harare East legislator Tendai Biti yesterday called on Finance and Economic Development Minister Mthuli Ncube to repeal SI 142, of 2019 saying the attempt to de-dollarise has failed. Speaking in the National Assembly during question and answer segment Biti said conditions for de-dollarisation did not exist adding that government’s strategy to make …
The post Sorry Mr Biti, I will not remove SI 142, says Mthuli appeared first on Open Parly.
By Staff Reporter Permanent Secretary in the Ministry of Finance and Economic Development George Guvamatanga was recently in South Africa looking for material to make police uniforms. This was revealed by Minister Mthuli Ncube in the National Assembly during the 2020 National Budget where some legislators have been calling for improved conditions of service for …
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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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