Zimbabwe’s government will press on with painful economic reforms to overcome years of crisis despite recent bloody unrest, Finance Minister Mthuli Ncube told AFP Tuesday.
Zimbabwean Finance Minister Mthuli Ncube says the country’s economy is showing signs of recovery even though there are still some challenges and risks.
Zimbabwean President Emmerson Mnangagwa on Friday appointed former banker Mthuli Ncube as Finance Minister and said Winston Chitando would remain as Mines Minister.
Government workers in Zimbabwe on Thursday announced plans for a “massive” protest march next week to press for higher wages, as the finance minister said the economy would in 2019 fall into recession for the first time since 2008.
Zimbabwe police arrested 10 union officials on Friday as they tried to petition the finance minister over low pay for teachers, witnesses said, extending a government clampdown on dissent that has hobbled the country’s main opposition.
Zimbabwe will ramp up its electricity imports over the next few weeks, potentially easing rolling power cuts, after it agreed to make payments to clear its debt to a regional power utility, a treasury official said on Monday.
Zimbabwe’s energy regulator has raised petrol and diesel prices by up to 16%, the fourth increase this year, after the finance minister said fuel was considerably cheaper than in neighbouring countries. President Emmerson Mnangagwa announced the biggest fuel price hike in January, a 150% increase, which sparked deadly protests by financially struggling Zimbabweans that left […]
Zimbabweans are angry as a year-on-year price jump of around 100% has eaten the value of their wages and savings, recalling the horrors of hyperinflation in 2008.
Zimbabwe’s government has a trust problem as it introduces a discounted currency in a bid to reverse chronic cash shortages that left people struggling to get hold of basic goods.
Protesters barricaded roads and burned tyres in Zimbabwe’s capital Harare on Monday, as anger over the worst economic crisis in a decade spilled onto the streets and piled pressure on President Emmerson Mnangagwa.