Source: Gift Phiri, Daily News Original article URL The United Kingdom (UK) has ruled out any involvement in a fresh bailout for Zimbabwe after suggestions that a mechanism backed by a high-ranking advisor to the British government could provide bridge financing for Harare. UK’s Harare Embassy spokesperson, John Culley, yesterday quashed reports that former British […]
Residents rap Harare Municipality over ‘prioritising bloated wage bill’
Source: Xolisani Ncube, NewsDay Original article URL Harare residents have accused the local authority of prioritising its bloated wage bill at the expense of service delivery, which they say has gone down to alarming levels. Harare Residents’ Trust co-ordinator, Precious Shumba yesterday said council had neglected its core business of service delivery and turned itself […]
Bond notes: President has violated the Constitution
Source: Fadzayi Mahere Original article URL On the 31st of October 2016, the President of Zimbabwe purported to pass the Presidential Powers (Temporary Measures) Amendment of Reserve Bank of Zimbabwe Act and Issue of Bond Notes) Regulations, 2016 – S.I. 133 of 2016. The said regulations purport to create a legal framework for the introduction […]
Zimbabwe ready to introduce bond notes
Source: VOA Zimbabwe Original article URL Finance Minister Patrick Chinamasa says the Reserve Bank of Zimbabwe will with immediate effect start the process towards issuance of bond notes as a legal tender in the country following a presidential edict to formalize its introduction. In a statement, Chinamasa said the process will commence with media publicity […]
Regulations introducing bond notes deplorable – Bill Watch 49/2016
Source: Veritas Bond Notes Regulations made under Presidential Powers Act Yesterday, Monday 31st October, the Government gazetted regulations intended to validate: the controversial forthcoming issue of bond notes by the Reserve Bank, and more than a little belatedly, the bond coins previously issued by the Reserve Bank and still in circulation; and the status of […]
Water merchants bleed residents
Source: Helen Kadirire, Daily News Original article URL Harare’s dire water crisis has led to the emergence of unscrupulous merchants who are making a killing off selling the precious liquid to desperate residents in the capital’s poor townships. This comes as water levels at the country’s major dams have receded to precarious levels with Zimbabwe’s […]
No reforms, no money: IMF
Source: John Kachembere & Ndakaziva Majaka, Daily News Original article URL The International Monetary Fund (IMF) has insisted that President Robert Mugabe’s government will not receive any fresh capital until it repays all its debts and implement key economic reforms. This was after the cash-strapped country last week cleared its 15-year-old $107,9 million arrears to […]
Press Statement: Introducing Bond Notes
Source: Minister of Finance and Economic Development The Reserve Bank of Zimbabwe will with immediate effect start the process towards issuance of Bond Notes as a legal tender in Zimbabwe. The process will commence with media publicity to inform and raise awareness of the public on the denominations, design, form, material and security features which […]
Update on the City of Harare 100 days rapid result approach water team
Source: Community Water Alliance The City of Harare Water Team which comprise of Harare Water, civil society organizations, residents associations, NGOs and academia met today 31/10/16 to review progress on the targets set on water service delivery and waste water works. Community Water Alliance is part of this ambitious plan to address the water crisis […]
MDC-T in poll U-turn, again
Source: Paidamoyo Muzulu, NewsDay Original article URL FORMER Prime Minister Morgan Tsvangirai’s (pictured) MDC-T policy shifts on by-elections came under the spotlight again yesterday, as the party reverted to its long-standing resolution of boycotting all polls until the Zanu PF government has acceded to demands for electoral reforms. The decision came barely a week after […]
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