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Zimbabwe's finance minister says gold is being smuggled into South Africa and turned into jewelry.
Financial sector reforms in Zimbabwe and the pending introduction of new Zim dollar notes are a bad recipe for the country's banking industry, analysts in Zimbabwe have said, arguing that the reforms can potentially result in a liquidity crisis.
Zimbabwe's Finance Minister Mthuli Ncube says an equity law blamed for scaring off foreign investors would be abolished as the country seeks to woo fresh capital to shore up its moribund economy
Zimbabwean Finance Minister Mthuli Ncube says the country’s inflation rate, which surged to the highest annual level since a hyperinflation blowout a decade ago, is being misread.
The Zimbabwean government has reportedly said that it does not have money to pay white farmers who were evicted during the country's chaotic land reform programme.
Zimbabwe's new finance minister Mthuli Ncube announced a five-percent cut to senior government officials' salaries in a bid to mend the shattered economy.
Zimbabwean President Emmerson Mnangagwa has reportedly warned his Zanu-PF party heavyweights that he would not tolerate saboteurs manipulating the country’s economic crisis to enrich themselves by inflating basic commodity prices.
Zimbabwean soldiers reportedly fired gunshots and teargas at farmers who resisted eviction, and an investigation has found evidence of hospital imprisonments in Kenya over unpaid medical bills.
Zimbabwean authorities have temporarily lifted an import ban on basic commodities that have been in short supply in recent months due to panic buying and widespread cash shortages, reports say.
Zimbabwe's minister of finance Mthuli Ncube has reportedly said that resettled farmers will no longer get assistance from government, as the programme was "riddled with corruption".
Zimbabwe agreed to buy 150,000 tons of South African maize after a tender five times that size failed, leaving the country short of grain as the number of people without adequate food rises, according to people familiar with the situation
Zimbabwe’s government has said it’s 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, he’s in a race against time.
Zimbabwe Finance Minister sees inflation – currently at 59% – declining to 10% by the end of the year, banking on slowing down money supply, liberalisation of the exchange rate and other broader economic reforms.
Zimbabwean President Emmerson Mnangagwa has cut short his annual vacation to try to resolve an impasse with doctors who have been on strike for a month, a government spokesperson says.
Zimbabwe's new finance minister Mthuli Ncube has reportedly announced that the government is planning to reduce the number of the country's foreign missions from the current 46.
When Zimbabwean President Emmerson Mnangagwa appointed a comparatively youthful, Cambridge-trained economist as finance minister in September, he gave him an almost impossible task: repay billions of dollars in debt and ignite a stagnating economy.
At least 170 black market money dealers have reportedly been arrested in Zimbabwe, as the currency crisis persists in the southern African country.
Controversial Zimbabwean activist Acie Lumumba, who was fired just three days after his appointment as the Chair of Communication Taskforce in the finance ministry, has dismissed suggestions that he lost his position because of his tainted past.
Zimbabweans have reacted angrily to a picture of President Emmerson Mnangagwa being vaccinated against cholera, and a Malawian man has reportedly been arrested for killing his 105 year-old grandmother over witchcraft allegations.
Zimbabwean President Emmerson Mnangagwa's cabinet is reportedly divided over a new 2c per dollar tax which has been imposed on electronic transactions by Finance Minister Mthuli Ncube.
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