HARARE, December 14 (The Source) – Zimbabwe’s new President, Emmerson Mnangagwa says he has a list of companies and individuals who spirited money into safe havens outside the country, and he will publicly shame them if they do not respond to his three-month amnesty to… Read More
By Steve H. Hanke, Emmerson Mnangagwa, the new president of Zimbabwe, will have a hard time digging his country out of the economic hole that it fell into during the 37 years it was led by Robert Mugabe. But it can be done.
HARARE, December 1 (The Source) – That President Emmerson Mnangagwa’s first Cabinet was going to have some cronyism was expected. Loyalty points were always going to be handed out to the military and to party allies.
HARARE, November 30 (The Source) – The International Monetary Fund will soon send a staff mission to Zimbabwe to meet with officials of the new government and assess the country’s fiscal and economic situation, Reuters reported on Thursday. Zimbabwe has a new president in Emmerson… Read More
HARARE, November 28 (The Source) – Zimbabwe President Emmerson Mnangagwa on Tuesday granted a three month amnesty for return of funds and assets he says were illegally moved out of the country. “As a first step towards the recovery of illegally externalised funds and assets,… Read More
A comment by Kuda Chideme, HARARE, November 28 (The Source) – Former President Robert Mugabe’s fall was quick and dramatic, but cleaning up after him will take much longer.
HARARE, November 8 (The Source) – The morning after President Robert Mugabe sacked his deputy, pensioners are still outside a branch of NBS on Samora Machel Avenue. While we all gorged on a stream of news in a day of high political drama, engaged in… Read More
HARARE, October 26 (The Source) – The ruling ZANU-PF party wants to spend $8 million on a special congress meant to endorse President Mugabe as its leader and candidate for the elections expected in 2018.
By Matt E.T Matigari, HARARE, October 19 (The Source) – Zimbabwe’s foreign exchange situation is getting worse in spite of extensive touting of a ‘nostro-stabilisation’ loan the Reserve Bank of Zimbabwe says it got from Afreximbank. How do we know this? Watch the indicators from… Read More
By Respect Gwenzi, HARARE, October 13 (The Source) – Predictions by renowned world economic bodies and the government point towards economic recovery in Zimbabwe at least over the next 3 years. Underlying this foreseen recovery is a projected sustained favourable rainfall pattern which is expected… Read More
HARARE, October 9 (The Source) – Zimbabwe’s government overspent by $358,4 million between January and May, with foreign travel chewing more than double the budget, indicating that the country’s fiscal deficit will widen this year as authorities fail to rein in spending. Official data… Read More
By Ray Chipendo, HARARE, October 6 (The Source) – All investments involve an element of risk. The risk component is ostensibly behind the volatility in Zimbabwe’s currency markets.
By MacDonald Dzirutwe, HARARE, October 6 (Reuters) – After defying economic gravity for a year, Zimbabwe’s homemade U.S. dollars have fallen to earth with a bump.
HARARE, September 25 (The Source) – Dear Minister Ignatius Chombo, We see you have been trying to scare the economy back into shape. Stop. It never works.
By Matt E.T Matigari, September 21 (The Source) – Fool me once, shame on you, fool me twice, shame on me. So, what’s my point here? The point is we can’t be conned twice the same way in 10 years and blame the conmen. It… Read More