The worst is over for Zim, says Chinamasa

2014-11-21 19:33

Zimbabwean Finance Minister Patrick Chinamasa has assured investors in South Africa that the economy is on the mend.

Zim denies going to China for cash bailout

2014-09-10 18:40

The Zimbabwean government did not travel to China to get ready cash but to obtain funding commitments for bankable projects, says a government official.

China to help Zim build economic zones

2014-09-04 19:31

China will help Zimbabwe build special economic zones and industrial parks to jump-start exports and a struggling economy, a top official says.

Zimbabwe to clarify controversial BEE law

2014-07-04 09:11

Zimbabwe will have to clarify its empowerment law as it seeks to be in good standing with the AfDB, World Bank and IMF, says Finance Minister Patrick Chinamasa.

Zim wants 100% land, minerals control

2014-05-30 08:50

The Zimbabwean cabinet has ordered the realignment of empowerment laws with the policy that land, minerals and tourism be owned 100% by Zimbabweans.

Zim cuts economic growth outlook to 3.1%

2014-05-23 17:38

The Reserve Bank of Zimbabwe has revised downwards the country's economic growth projection, warning that it could slide into negative territory.

Zim: Urban decay grips capital Harare

2014-04-03 11:19

On Harare's streets, college graduates compete with peasants scratching out a living selling anything from mobile phone cards to herbal sex tonics, as President Robert Mugabe, 90, continues to rule the country.

IMF predicts challenging year for Zim economy

2014-03-28 07:39

Zimbabwe's struggling economy will continue to face challenges this year, with minimal growth expected, the IMF says.

No cuts to Zim's public sector wage bill

2014-03-26 16:15

Zimbabwe is not prepared to slash its public sector wage bill to meet debt-reduction plans agreed with the IMF, says Finance Minister Patrick Chinamasa.

Mugabe govt in bid to ease public anger

2014-03-19 14:19

Zimbabwean finance minister Patrick Chinamasa has described as "corrupt" and "obscene" the pay and perks that managers of state-owned firms were earning, in a bid to ease pubic anger.

Mugabe: I also need pay hike

2014-03-17 10:54

Zimbabwean President Robert Mugabe has reportedly revealed he is looking forward to a pay hike, as he urged Finance Minister to honour his commitment to award civil servants salary increments in April.

Cabinet reshuffle 'looms in struggling Zim'

2014-03-14 15:04

Zimbabwean President Robert Mugabe is reportedly contemplating a Cabinet reshuffle that could see Finance Minister Patrick Chinamasa’s early exit from treasury.

Zim, China discuss aid for shaky economy

2014-02-11 21:45

Zimbabwe expects to conclude talks for comprehensive financial aid with China to revive a slowing economy, says Finance Minister Patrick Chinamasa.

Mine royalties to bankroll Zim wealth fund

2014-01-13 22:37

A portion royalties from minerals such as diamonds, gold and platinum would be paid into Zimbabwe's proposed sovereign wealth fund, according to a draft bill.

Zim indigenisation law to stay

2013-12-19 21:02

The Zimbabwean government is set to fine-tune policies including the indigenisation law, which will not be amended, says Finance Minister Patrick Chinamasa.

Zim's rusting factories put Mugabe in a bind

2013-11-15 10:01

Across Zimbabwe, dozens of factories lie idle with peeling paint and rusting machines, symbols of the huge economic challenge facing President Robert Mugabe and his Zanu-PF party.

Zimbabwe plans sovereign wealth fund law

2013-10-31 07:55

Zimbabwe plans to craft a law to set up a sovereign wealth fund - but may not have any money at first as the government needs to develop the country's crumbling infrastructure.

MDC slams 'deadwood' Mugabe cabinet

2013-09-12 07:48

Zimbabwe’s opposition has dismissed President Robert Mugabe’s new cabinet as political "deadwood" as the veteran leader swore in new ministers after disputed elections.

Mugabe keeps long-time allies in cabinet

2013-09-10 17:14

Zimbabwean President Robert Mugabe, announcing his cabinet, has retained long-time allies and named hardliner Emmerson Mnangagwa as justice minister.

Go to court, Zanu-PF tells Tsvangirai

2013-08-03 12:00

Zimbabwe's Zanu-PF party has advised the MDC leader Morgan Tsvangirai to approach the courts once election results are announced, over his allegations that the just ended poll was rigged, a report says.

Fears for Zim economy after Mugabe rout

2013-08-03 08:00

President Robert Mugabe's apparent landslide election has prompted fears that Zimbabwe’s barely resuscitated economy is in for another bumpy ride.

July elections in Zim 'problematic'

2013-06-21 18:01

The government hopes the top court in Zimbabwe will allow the crucial Zimbabwe election date to be pushed back from 31 July, the deputy international relations minister says.

Mugabe seeks to delay polls by 2 weeks

2013-06-19 10:17

Zimbabwean President Robert Mugabe has filed an urgent application with the country's top court to push back crucial elections by two weeks, his justice minister says.

Zim withdraws call for UN vote funding

2013-04-17 11:13

Zimbabwe has withdrawn its appeal for the UN funds to help elections this year, after the world body demanded to meet civic groups, a cabinet minister says.

Zim to hold polls by June 29 – minister

2013-03-21 12:00

Zimbabwe will hold elections by June 29 to end a shaky unity government between President Robert Mugabe and his rival PM Morgan Tsvangirai, Justice Minister Patrick Chinamasa.


IMF urges Zim to clarify BEE law

2014-09-30 07:00

The International Monetary Fund has urged Zimbabwe to clarify its policies that bar foreign companies from holding majority stakes in local enterprises.

Zim pays almost R2bn to service Chinese loans

2014-09-10 11:17

Zimbabwe has spent almost R2bn in unbudgeted expenditure to service outstanding loans from China in an effort to encourage new financial support.

Zimbabwe slashes growth forecast

2014-07-25 14:27

Zimbabwe has cut its 2014 growth forecast, in line with projections from the IMF, say the finance minister and central bank governor.

EU envoy hails change in Zim’s indigenisation law

2014-06-02 11:59

Zimbabwe’s proposal to review its indigenisation and economic policy could speed up the normalisation of Zimbabwe-European Union relations, an envoy has reportedly said.

Zim cabinet orders changes to black empowerment law

2014-05-29 15:58

Zimbabwe's cabinet has ordered that a controversial equity law which forces foreign companies to cede a majority shareholding to local investors be amended, a minister says.

Zim loan: China seeks mineral guarantees

2014-05-07 13:58

China wants Zimbabwe to use mineral export earnings as a guarantee for a possible financial package to rescue its wobbling economy, a report says.

Old Mutual 'to help Zim pay state salaries'

2014-04-01 17:35

Sources say Old Mutual and the National Social Security Authority have been asked to purchase Treasury bills to help Zimbabwe pay salaries for civil servants.

Zim 'won't retrench to solve debt crisis'

2014-03-27 12:21

Zimbabwe’s finance minister has ruled out cuts in the number of civil servants as the country struggles to bring its mounting debts under control.

Zim gets $100m Afrexim Bank loan

2014-03-22 15:55

The African Export-Import Bank has given Zimbabwe a $100m loan to allow its central bank to set up an inter-bank market for the first time in five years.

Zimbabwe caps salaries of state firm bosses

2014-03-19 07:41

Zimbabwe’s cabinet has announced a $6 000 monthly salary cap for executives of state-owned entities, following reports they were grossly overpaid.

Corruption is hurting Africa, says Mugabe

2014-03-17 07:35

Corruption is "hurting Africa", Zimbabwean President Robert Mugabe has reportedly said, as he vowed a crackdown against graft activities in his country, warning that those implicated would be imprisoned.

'Zim's only reserves are $500 000 of gold coins'

2014-03-06 14:43

Zimbabwean finance minister has highlighted the parlous state of the country’s finances, according to a report.

In Zimbabwe, fears of a new financial crisis

2014-01-31 07:30

After years of relative calm, beleaguered Zimbabweans are bracing for a renewed economic and financial crisis that could see their country become a silent victim of the emerging markets selloff.

Mine royalties to bankroll Zim wealth fund

2014-01-13 22:36

A portion of royalties from minerals such as diamonds, gold and platinum would be paid into Zimbabwe's proposed sovereign wealth fund, according to a draft bill.

Zanu-PF congress opens amid rifts, tensions

2013-12-12 11:16

Zimbabwe’s ruling party is set to open its annual conference with the twin spectres of the moribund economy and infighting over President Robert Mugabe’s succession casting long shadows.

China deal 'to boost Zimbabwe electicity'

2013-11-12 12:21

Zimbabwe has secured a $319m loan from China to fund the expansion of a hydropower station in Kariba, a move that would help ease the electricity crunch that has hit the country for years.

Zim will stick to IMF programme - Chinamasa

2013-10-03 20:45

Zimbabwe's Finance Minister Patrick Chinamasa says the country will stick to an IMF monitoring programme that could pave way for the country to clear its debts.

Zimbabwe turns to China

2013-09-11 23:16

Zimbabwe will increase economic ties with countries like China to bolster its economy as Western nations maintain their sanctions, says the new finance minister.

UN urges MDC to use 'established channels'

2013-08-03 14:05

The UN has urged Zimbabwe's political rivals to send "clear messages of calm" to their supporters, adding that the concerns raised about the just ended polls should be pursued through established channels.

The future is in your hands, Zim told

2013-08-03 08:00

Zimbabwe's neighbours have urged calm in the wake of a fiercely disputed election that looks set to extend President Robert Mugabe’s 33-year rule.

Mugabe ruling by decree

2013-06-30 20:14

President Robert Mugabe has become Zimbabwe's sole law-making authority until the next elections are held following the automatic dissolution of parliament, his justice minister says.

Zim poll delay 'won't bring real change'

2013-06-19 14:04

Civil society groups in Zimbabwe say election delay would do little to dissuade President Robert Mugabe's supporters from voter intimidation.

Zim set to register voters for key vote

2013-04-25 13:44

Zimbabwe is set to launch a campaign to register eligible voters, a key step to organising crucial elections planned for later this year, a cabinet minister says.

Zimbabwe parties disagree on polls

2013-04-17 07:54

Zimbabwe may fail to secure desperately-needed UN funding for crunch elections, as political rivals disagree over how much access to allow an assessment mission by the world body.

Zimbabwe gets new election chief

2013-02-20 12:02

Rita Makarau, a Zimbabwean Supreme Court judge, will serve as the country’s new elections chief through upcoming elections, Justice Minister Patrick Chinamasa says.

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