World Bank – newzimbabwevision

World Bank Funds Decongestion Of Zimbabwe’s Urban Road System. Kombi’s To Be Removed

Posted on July 24, 2016 by newzimbabwevision

World Bank Funds Decongestion Of Zimbabwe’s Urban Road System. Kombi’s To Be Removed. Government is drawing up a modern urban mass transport system worth millions of dollars with expertise and funding from the World Bank. The coming dispensation eliminates commuter omnibuses, replacing them with high-volume vehicles and new road and, possibly, rail infrastructure. The system will likely take after Tanzania, Ethiopia, Kenya and South Africa where the World Bank has helped de-congest…

SOCIAL MEDIA VICTORY! -Chinamasa Claims ‘My Son Never Attempted To Smuggle US$7m, To South Africa’,

Posted on June 2, 2016June 2, 2016 by newzimbabwevision

Claims on social media that Finance Minister Patrick Chinamasa’s son was arrested at Beitbridge Border Post while trying to smuggle out $7 million are false and meant to undermine the minister’s efforts in turning around the economy. Minister Chinamasa dismissed the allegations in a statement saying they were deceitful. “There have been rumours circulating in the social media about the alleged arrest of my son for allegedly trying to smuggle $7 million cash through…

‘Failed Zanu PF, Regime, Predictably Re-introduces Zim- dollar’ -MDC-T Shadow Minister of Finance,

Posted on May 5, 2016May 5, 2016 by newzimbabwevision

The cash-strapped ZANU-PF government has finally succumbed to its inevitable failure and has predictably decided to re-introduce the Zimbabwe dollar in the midst of an unprecedended liquidity crisis in the recent history of Zimbabwe. This decision has been muted by the RBZ with the hope of easing the liquidity crisis that is engulfing the economy. The RBZ will mint Z$2, Z$5, Z$10, Z$20 Bond Notes which are at parity with the US dollar. In addition,…

US Gvt Urged To Influence Bretton Woods Institutions To Block New Lending To Zimbabwe

Posted on February 2, 2016February 2, 2016 by newzimbabwevision

Government has castigated the United States for meddling in Zimbabwe’s internal affairs in a way that seeks to weaken the country’s sovereign status and reverse its successful land reform programme.This was after the US Senate Committee on Foreign Relations chairman Mr Bob Corker wrote a letter to that country’s secretary for Treasury Mr Jacob Lew on January 28, 2016 urging the US government to use its influence at the Bretton Woods institutions to block any…

‘Gvt Won’t Tolerate Debate On Economic Empowerment Law!’- Patrick Zhuwao .

Posted on October 17, 2015October 17, 2015 by newzimbabwevision

YOUTH and indigenisation minister Patrick Zhuwao says government is not going to tolerate any debate on the economic empowerment law. A furious Zhuwao who appeared to be taking a dig at finance minister Patrick Chinamasa, told hundreds of cheering Zanu PF sympathisers attending his economic empowerment conference in Harare Friday that those wishing for the reversal of the law were ‘dreaming’. Chinamasa is on record saying that government was revising the controversial black empowerment law…

Give Us Money, To Clear Debt Catch Up With Rest Of Globe’-Chinamasa To World Bank

Posted on August 30, 2015August 30, 2015 by newzimbabwevision

Finance and Economic Development minister Patrick Chinamasa has pleaded for a cash bailout from the World Bank to enable Harare to clear its debts and catch up with the rest of the world.Zimbabwe has an external debt of over $8,4 billion which has hamstrung the country from accessing lines of credit from multilateral and bilateral financial institutions. Speaking at the opening ceremony of new World Bank offices in Harare on Wednesday, Chinamasa said the relocation…

‘Current Zanu PF & GVT Positions Don’t Make Me President-In-Waiting.’-VP Mnangagwa

Posted on August 29, 2015August 29, 2015 by newzimbabwevision

VICE President Emmerson Mnangagwa has said his current party and government positions do not make him President-in-waiting. He spoke about President Robert Mugabe’s succession, the country’s imploding economy and Zanu PF divisions in an interview with the UK-based New African magazine. Below are excerpts from the interview … Q: So you will be 73 in September. You have been in Government for 35 of those 73 years, serving in various portfolios. For the past six…

Gvt To Cut Public Sector Wage Bill From Current 80 % Down To 40% Of Total Revenue

Posted on July 31, 2015 by newzimbabwevision

Finance minister on Thursday said government plans to cut the public sector wage bill to 40 percent of total revenue from the current 80 percent. The development signals a move to reduce the government’s bloated civil service, amid a lower economic growth forecast of 1,5 percent from the initial 3,2 percent. Presenting the Mid-Term Fiscal Review in Parliament on Thursday, Patrick Chinamasa said 83 percent of government’s $2 billion costs were going to the salaries of…

Gvt Requests List Of White Farmers Of Strategic Economic Importance From Provincial Leaders

Posted on July 14, 2015 by newzimbabwevision

THE government has for the first time suggested it may give official permission for some white farmers to stay on their land, 15 years after it sanctioned widespread land grabs that plummeted the country into an economic crisis. Douglas Mombeshora, the lands minister, said provincial leaders had been asked to draw up a list of white farmers they wanted to stay on their farms deemed to be “of strategic economic importance”. “We have asked provinces…

How And Why Events In Greece Affect Us In Zimbabwe-By Ian Beddowes

Posted on July 12, 2015 by newzimbabwevision

The internationalized banking system began to run out of control following the deregulation of the banks round about 1980 with the coming to power of Reagan in the United States and Thatcher in the United Kingdom. Deregulation means (among many other things) that money you put into the banks for safe-keeping can be used by bankers for speculation. If they win, you gain nothing. if they lose, you lose. It furher means no limits on interest…

1 2 »