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Zimbabwe to make Grace Mugabe’s orphanage in Mazoe a tourist attraction -“Come to #Zimbabwe, see our orphans”

THE Zanu PF government has launched a campaign to turn First Lady Grace Mugabe’s Mazowe Orphanage, primary and secondary schools and her multi-million-dollar business empire in Mashonaland province into a tourist attraction centre. BY OBEY MANAYITI Yesterday, Tourism and Hospitality Industry deputy minister Anastasia Ndlovu led a delegation that included …

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Zimbabwe Headed for Deeper Economic Crisis

Zimbabwe Headed for Deeper Crisis By Nelson Chenga and Shame Makoshori Sep. 15, 2016 (All Africa Global Media) — GOVERNMENT moved to curb social upheavals this week by reversing a policy announcement that sought to slash salaries and stop bonus payments to civil servants, at the risk of plunging the …

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Zimbabwe makes its own version of US dollars as cash crunch bites

The plan was widely criticised when it was revealed in May HARARE: Zimbabwe announced Thursday that “bond notes” equivalent to the US dollar would be introduced in October, sparking fears of a return to the hyperinflation that wrecked the economy several years ago. The country, led by authoritarian President Robert …

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Zimbabwe to Introduce new local currency “Bond Notes” in October #ThisFlag #twimbos

Central bank will start with small denominations: governor Governor Mangudya pledges to clear foreign debt arrears By Godfrey Marawanyika and Brian Latham (Bloomberg) —  Zimbabwe will start circulating $75 million in so-called bond notes this year, beginning with denominations worth between $1 and $5, central bank Governor John Mangudya said. An earlier announcement of plans …

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Mugabe: We don’t have money to pay Zimbabwe government workers but there will be no layoffs and everyone will get a bonus in December

  Zimbabwe’s government rejected recently announced plans for large-scale layoffs and bonus cuts for the country’s bloated civil service sector, Information Minister Christopher Mushohwe said, Reuters reported Sept. 14. Last week Finance Minister Patrick Chinamasa announced plans to cut civil service jobs by roughly 10 percent, part of an effort …

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Broke Zimbabwe government to tax citizens in diaspora

The government has drafted a Diaspora policy, which seeks to tap into remittances that are estimated to be about $1,8 billion per year. This comes as the importance of remittances has risen, as they are now generating more money than foreign direct investment (FDI). Speaking at a stakeholder engagement Workshop …

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Mugabe can rig the elections but not the economy

With the economy in free fall and battling a rising tide of protest, Zimbabwe’s ruling party is in crisis. Zimbabwe is facing a transition, but the outcome remains unclear. For months, the state has been battling a rising tide of protests and “stay-aways” prompted by economic collapse and poor management of the budget. The …

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