President Emmerson Mnangagwa has made two Cabinet changes that throw contrasting light on his leadership.
First, Mnangagwa fired Energy Minister Fortune Chasi, just as the Minister was out in the public fighting ZESA executive chairman Sydney Gata over claims of...
Zimbabwe has signed an agreement with white former farmers for US$3.5 billion in compensation for improvements on farms taken over for resettlement under the land reform exercise.
But, why are farmers being compensated? What are they being compensated for exactly?...
This month, Zimbabwe’s government will pay United States dollar allowances to its workers, exactly a year after declaring the end of a 10-year dollarisation experiment.
Wednesday’s announcement that the government will pay US$75 to each employee and US$30 to state...
Reserve Bank of Zimbabwe has announced a new forex auction system, saying it will bring "transparency and efficiency" to currency trade.
The auction system is the latest in a series of attempts by central bank over the past two years...
It was finger-pointing week. At ZANU PF headquarters on Wednesday, President Emmerson Mnangagwa had an explanation for the economic crisis; it was the detractors.
“On the economic front, we are witnessing a relentless attack...
On Wednesday, Finance Minister Mthuli Ncube admitted what the authorities have studiously refused to acknowledge - the interbank forex market is not working.
As the black market exchange rate premium reached 100%, Ncube scrambled...
Finance Minister Mthuli Ncube hopes to speed up his stalled privatisation plan this year, but a failure by Air Zimbabwe to secure credible investors is a reminder that old parastatal debts may keep his ambitions grounded.
Reserve Bank of Zimbabwe (RBZ) governor John Mangudya served up his first monetary policy speech of the year on Monday in typical fashion; over-optimistic bluster topped with a pious sermon explaining away his policies.
Two influential US senators want America to “enhance the tools at its disposal” to act on Zimbabwe. It’s a sign that US-Zimbabwe relations are nowhere near mending, nearly two decades after sanctions were imposed.
In August 2006, news came out that Sydney Gata had been sacked as boss of power utility ZESA. A reporter at The Financial Gazette picked up the phone to call him for comment.
"Chimbosiyaivo...
