Government has dismissed rumors circulating on social media that Reserve Bank of Zimbabwe (RBZ) Governor, John Mangudya has been dismissed and replaced by former World Bank Africa Executive Director, Andrew Gwambe. Social media and online news sites went into overdrive yesterday with the news of Mangudya's
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
Grain Millers Association of Zimbabwe (GMAZ) has distanced itself from the new bread prices announced by bakeries saying they have not increased flour prices to warranty such a hike. According to a leaked letter from Lobels Bread to OK Zimbabwe last week, the price of a
Chief Executive Officers under the banner of CEO Africa Round table have condemned government decision to lift an earlier ban on importation of basic commodities saying the move will result in loss of employment and subject locally produced goods to unfair competition. In an interview with
The recently dumped Finance and Economic Development Communication Taskforce Chair William “Acie Lumumba” Mutumanje has come out guns blazing against political leaders who abuse youths saying there is no politician worth dying for. Lumumba who exposed the rot at the Reserve Bank of Zimbabwe, alleging that senior officials were
A senior banker at the Reserve Bank of Zimbabwe (RBZ,has revealed that the suspension of four directors in connection with illegal foreign currency dealing is only a strategy to remove all long-serving stalwarts, including the governor John Mangudya , so as to line up the
Vendors around the city of Masvingo have called on the government to stop its 'predatory tax regime that is blind to economic status of people' saying they will only accept the 2 percent measure only if President Emmerson Mnangagwa delivers on his employment promises. In an
Government has finally bowed down to pressure by admitting that bond note is not equal to the United States dollar leaving the decision to the market to determine. The bond note crashed to 1:150 against the United States Dollar which is triggering price increases and shortages of
Self-exiled and former cabinet minister Professor Jonathan Moyo has thrown a jibe at Reserve Bank of Zimbabwe governor Dr John Mangudya over his claims that price hike of commodities which have this week doubled coupled with fuel and drug shortages are all caused
The country has been reeling from an acute shortage of foreign currency which has crippled all sectors of the economy and seen a sharp rise in price in the past few weeks
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