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ACCORDING to the Reserve Bank of Zimbabwe’s latest bi-monthly report, base money as at June 19 stood at ZW$13,9 billion up from ZW$13,3 billion at the close of the prior week. The movement represents a ZW$0,6 billion weekly growth or 4,3% growth. The aggregate had however been on a downward …

Finance Minister Mthuli Ncube missed April’s revenue collection targets by 11 % owing to the impact Covid-19 lockdown had on businesses that were grounded to a halt as part of measures to minimise the spread of the virus. The Consolidated Statement of Financial Performance of the Consolidated Revenue Fund for …

PARIRENYATWA Hospital has given scores of striking health workers occupying the giant medical centre’s residences three-month eviction notices. Public health workers, including nurses and doctors, have down their tools in protest over poor working conditions and low salaries. They are also demanding that government should commit itself to paying salaries …

Individuals with Nostro foreign currency accounts (FCAs) in Zimbabwe are failing to withdraw US dollars from banks, a development which undermines public confidence and trust in the financial system. FCA holders with Zimbabwean banks have expressed apprehension over what they fear could lead to a raid on their funds by …

The cash-strapped Zimbabwe government has splurged millions to purchase top-of-the-range vehicles for nearly 50 ambassadors posted across the globe when the State is failing to pay agitated civil servants a living wage. Foreign Affairs Minister Sibusiso Moyo revealed Wednesday before the Parliamentary Portfolio Committee on Foreign Affairs that all ambassadors …