Sept. 10, 2021
Karoi-Binga road: "building a proper modern road with the next US$ 10 million tranches of cash now released". Seke road & Mbudzi-flyover & Kudzanai bus terminus in the city. The emergency work now in progress, under Government contracts rather than on municipal contracts, should have been done by the council years ago. The Ministry of Finance and Economic Development is prepared, on this particular bit of infrastructure, to allow borrowing to bring forward the work. But under our strict fiscal discipline and prudent financial rules it has insisted on seeing a practical and realistic proposal linking a guaranteed revenue stream to the loans so that they will be paid back, on time.
June 23, 2021
Gold-focused miner, Kuvimba Mining House, said it would pay US$5.2 million to its investors in the first quarter of 2022. "Government, the largest investor in the mining company with 21,5 % stake, will get the proverbial lion’s share of US$1,7 million." Kuvimba chairperson Justin Mupamhanga said “Kuvimba has taken its rightful place in the economy by contributing directly towards the attainment of the mining sector vision of delivering a US$12 billion mining industry by 2023, which anchors the National Development Strategy 1 (2021-2025), and thus ensuring the vision is attained.
May 7, 2021
Zimbabwe plans to list a bond on the local exchange for the first time in 20 years to raise funds for the expansion and upgrade of a main highway that links the country to its largest trading partner, South Africa
Nov. 30, 2020
AN equivalent of US$100 million has been set aside in the National Budget to operationalise the Sovereign Wealth Fund (SWF), established about five years ago to build reserves for long term savings
Oct. 7, 2019
The Reserve Bank of Zimbabwe floated $300 million Treasury Bills and invited financial institutions including commercial banks, building societies, POSB and Infrastructure Development Bank of Zimbabwe to subscribe.
Aug. 1, 2019
Zimbabwe has opened its first public auction for treasury bills in almost seven years to raise ZWL30million to finance government programmes as Finance Minister Mthuli Ncube readies a mid-term budget review statement.
July 12, 2019
Zimbabwe has become a shareholder of Africa50 and the 28th country on the continent to join the Pan-African investment fund focusing on infrastructure development. The Secretary in the Ministry of Finance and Economic Development, Mr George Guvamatanga confirmed the development. Zimbabwe joined the fund during its annual shareholder's meeting in Kigali, Rwanda.