Government has with immediate effect announced a salary adjustment and a United States dollar pegged Covid-19 allowance for the Civil Service and pensioners. In a statement by the Ministry of Finance and Economic Development, government announced a 50 percent increase in civil servants salaries with effect
Government has bowed down to intense pressure and ordered Natpham, a public pharmaceutical company to cancel the medical supplies deal with controversial contractor, Drax SAGL following a public outcry over inflated prices of personal protective equipment. Drax SAGL is allegedly linked to the first family and
The Minister of Finance and Economic Development, Professor Mthuli Ncube has revealed that Government is assessing and calculating figures to measure the impact of the Covid-19 and subsequent lockdown on the economy. He said this during the post cabinet press briefing at Munhumutapa offices yesterday. “We are
The Government through the Ministry of Finance and Economic Development has increased the price of subsidized mealie-meal from ZWL$50 to ZWL$70 in a move aimed at doing away with unwanted arbitrage by unscrupulous players. In a statement released today, the finance ministry said the wide gap
Government has announced that the controversial 2 percent transaction tax initiated in October last year has helped towards the recruitment of the 3 000 additional teachers and 350 university personnel. According to the Minister of Finance and Economic Development Minister, Professor Mthuli Ncube, the tax revenue
President Emmerson Mnangagwa has for the first time spoken out on the prevailing economic situation in the country, saying his government is working to reform and restructure the economy while urging businesses not to panic as multi-currency system will not be phased out soon. There have
The Nelson Chamisa led Movement for Democratic Change (MDC) has rejected the appointment of Acie Lumumba as the Ministry of Finance and Economic Development Communications Task force chair, saying he is "not fit to be near treasury even as a sweeper." According to the MDC National Spokesperson Jacob
President Emmerson Mnangagwa has spoken on the current foreign currency shortages facing the country saying the government is working to ensure that critical imports are prioritized on foreign currency allocation. Speaking during the ongoing Zimbabwe exporters conference organised by Zimtrade,Mnangagwa appealed to the industry to support the
Ministry of Finance and Economic Development has committed to reducing government borrowing from the central bank saying the 2018 National Budget will strengthen fiscal discipline.. Speaking at the pre–budget Seminar in Victoria Falls last week, Minster of Finance and Economic Development, Ignatius Chombo said they are forecasting
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