Mthuli Ncube

Zimbabwe Gold (ZiG) Currency Faces Steepest Decline Since Launch

Zimbabwe’s currency, Zimbabwe Gold (ZiG), hit its lowest level against the US dollar since its launch last month, as reported on Monday, May 6th. According to data released on the Reserve Bank of Zimbabwe’s website, ZiG traded at 13.67 to the dollar,

May 7, 2024

Breaking News

Zimbabwe Faces Economic Turmoil as Living Costs Soar and Currency Plummets

Zimbabwe’s economy is facing a significant crisis as the cost of living skyrockets and the local currency undergoes a dramatic depreciation, according to the latest figures released by the Zimbabwe National Statistics Agency (ZIMSTAT). In a concerning development, ZIMSTAT reports that a

March 28, 2024

Zimbabwe

Zimbabwe’s Inflation Rate Hits Seven-Month High, Climbing to 55.3%

Harare, Zimbabwe – In a concerning economic development, Zimbabwe’s annual inflation rate surged to a seven-month high of 55.3% in March, up from 47.6% in February, according to the latest figures released by the Zimbabwe National Statistics Agency (ZIMSTAT). This announcement on

March 27, 2024

1024px Tallinn Digital Summit Fireside chat with James Manyika 36682380574

Technology·Zimbabwe

Google’s Senior VP James Manyika Urges Zimbabwe to Support Diaspora Contributions for National Development

In a pivotal statement made during the United Nations Economic Commission for Africa (UNECA) summit held in Victoria Falls, James Manyika, the esteemed Senior Vice President of Google in charge of Artificial Intelligence, emphasized the importance of the Zimbabwean government facilitating contributions

March 7, 2024

Zimbabwe Politics

Controversial Budget Allocation for War Veterans in Zimbabwe Sparks Debate

Finance and Economic Development Minister Mthuli Ncube of Zimbabwe has come under criticism for his plan to allocate $57.5 million to war veterans in an attempt to gain support for the ruling Zanu PF party ahead of upcoming elections. The allocation has

December 27, 2022

Zimbabwe

Zimbabwe open for business, hopes to boost trade with Egypt: Mthuli Ncube

The Africa Investment Forum is an opportunity for Zimbabwe to attract investments into the country, the country’s Minister of Finance and Economic Development, Mthuli Ncube, told Daily News Egypt. “We had a very successful visit communicating our message that Zimbabwe is open

November 7, 2022

Zimbabwe

Finance Minister Mthuli Ncube dismisses $9 trillion budget bids by ministries

FINANCE Minister, Mthuli Ncube last week dismissed line ministries’ 2023 budget bids of $9 trillion, saying the proposed figures were too high unless government was to borrow. The minister told delegates including Parliament Speaker Jacob Mudenda that ministries lacked knowledge on the

October 31, 2022

Zimbabwe

China’s Zimbabwe donation saga

China has been donating a lot to Third World nations in recent years, spending tens of billions of yuan each year. The move has stirred public outcry at home, with some Chinese wondering aloud that “many people in China are still poor,

November 25, 2019

Zimbabwe

Four more months of economic pain, warns Zimbabwe’s Finance Minister

HARARE – Zimbabwe’s government said it is ready to settle with global lenders, sell assets and make the difficult spending decisions needed for financial recovery. But with opposition protests against plunging living standards scheduled in cities nationwide, it is in a race

August 19, 2019

Zimbabwe

Mthuli Ncube accounces salary cuts, reduced bonus

Zimbabwe finance Minister Mthuli Ncube in a mild rebuke of quasi-fiscal expenditures over the past decade, quoted Peter Drucker: “Nothing is less productive than to make more efficient what should not be done at all…” “All RBZ quasi-fiscal activities are being discounted.

November 22, 2018

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