https://www.herald.co.zw/treasury-allocates-5bn-to-cdf/

Dec. 7, 2022

A total of $5 billion has been allocated in the next year's budget for CDF, and around 23 million for each constituency. The allocations will go towards community development projects in line with Vision 2030 and the National Development Strategy 1.

Distribution of funds.

The Minister of Finance and Economic Development, Honourable Prof. Mthuli Ncube, highlighted that Hwange Power Station Expansion 7 and 8,  received Z$3 billion;

Zambezi River Authority, received  Z$2.1 billion;
Harare-Beitbridge Road, received Z$18.4 billion, and Z$14.8 billion on other roads.

The Ministry of Finance and Economic Development Funds Emergency Infrastructure Work

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.

Kuvimba Declares Giant US$5,2 Million Dividend" To Be Paid In First Quarter of 2022

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. 

To list bond on local bourse for first time in 20 Years

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

US$100m for Sovereign Wealth Fund

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

Auctioning of Treasury bills worth ZWL$300 million

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.

First auction of Treasury Bills in Zimbabwe after 7 years

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. 

Zimbabwe joins Africa50 group

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.