Prof. Mthuli Ncube @MthuliNcube Twitter profile

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Prof. Mthuli Ncube

3 years

When we set off on our mission to transform the #Zimbabwe economy, there was of course cynicism. But fast forward three years and the environment is entirely different. The painful reforms we initiated in late 2018 are beginning to bear fruit.

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Prof. Mthuli Ncube

@MthuliNcube

6 years

Today in Bali, Indonesia at the IMF/World Bank Meetings, I had fruitful discussions with the President of Afreximbank Dr Oramah. Afreximbank has offered Zimbabwe a facility to guarantee 1:1 Convertibility of RTGS balances into US$ and availability of US$ for Nostro FCAs.

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Prof. Mthuli Ncube

@MthuliNcube

5 years

(1/4)The social impact of the 2% electronic transfer tax in action: the ministry of finance has released $50 million for Emergency and Infrastructure Restoration following Cyclone Idai-induced floods destruction and infrastructural damage across #Zimbabwe .

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Prof. Mthuli Ncube

@MthuliNcube

4 years

I was delighted to welcome my namesake, Mthuli NCUBE, to my office last Friday. Wishing him all the best for 2020.

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Prof. Mthuli Ncube

@MthuliNcube

5 years

#Zimbabwe achieved a budget surplus of US$29 million in October, the first time in many years. We are walking the talk when it comes to fiscal discipline, fiscal consolidation and balancing the budget.

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Prof. Mthuli Ncube

@MthuliNcube

6 years

Together with my colleagues at Min of Health, we have set up an auditable emergency crowdfund to further efforts to fight cholera to date. Together we can win! Min Of Finance Cholera Crowd Fund: EcoCash Biller Code 140286; CBZ Treasury, ACC 21537300017, Selous REF: FIGHT CHOLERA

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Prof. Mthuli Ncube

@MthuliNcube

6 years

Zimbabwe Finance Minister Prof Mthuli Ncube has dissolved the board of Zimbabwe Revenue Authority (ZIMRA).ZIMRA will be run by the Treasury until new management is appointed.The dismissals mark the start of reforms the government is implementing to get its finances under control.

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Prof. Mthuli Ncube

@MthuliNcube

6 years

Minister of Finance and Economic Development’s “listening roadshow” with 50 top CEOs in Zimbabwe. As minister, I want to consult and listen to stakeholders.

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Prof. Mthuli Ncube

@MthuliNcube

5 years

Happy New Year! Best wishes for 2019.

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Prof. Mthuli Ncube

@MthuliNcube

6 years

Mrs Masiyiwa, (Strive Masiyiwa’s wife), former CEO of Empretec Zimbabwe, cited at World Investment Forum, as an example of a champion for the creation of an entrepreneurial class.

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Prof. Mthuli Ncube

@MthuliNcube

5 years

#Zimbabwe Government is cash positive. We managed to pay civil servants salaries for the months of January and February from a cash positive position. We are spending what we have and we are determined to ensure to carry on like that going forward.

Govt is cash positive: Mthuli

www.herald.co.zw

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Prof. Mthuli Ncube

@MthuliNcube

6 years

I have had a discussion with some of the Zimbabwe parastatals that are being privatized. Significant progress should be made within the next 6 months. They should also list on the Zimbabwe Stock Exchange and give opportunity to ordinary Zimbabweans and the diaspora

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Prof. Mthuli Ncube

@MthuliNcube

5 years

Productive meeting with Hon @tito_mboweni Minister of Finance, South Africa, at WEF 2019, Davos #wef2019 #ZiminDavos2019

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Prof. Mthuli Ncube

@MthuliNcube

6 years

Productive week for team #Zimbabwe in New York. We cultivated relationships with global captains of industry & serious multi-billion dollar financiers - all committing towards rebuilding new Zimbabwe. Working together with global & local investors, we will turn around Zimbabwe!

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Prof. Mthuli Ncube

@MthuliNcube

6 years

American billionaire investors joined His Excellency @edmnangagwa & team #Zimbabwe for investment dinner meeting on the sidelines of #UNGA in New York. Truly appreciate the investors' pledge to participate in rebuilding our economy. Looking forward to seeing them in Harare!

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Prof. Mthuli Ncube

@MthuliNcube

6 years

Just finished a productive meeting with 40 #Zimbabwe youths, consulting and listening to their issues, concerns and ideas. Our youth are hardworking, brilliant, innovative & hungry for opportunities. Government commits to nurture & invest in them for a brighter future #Zimbabwe .

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Prof. Mthuli Ncube

@MthuliNcube

5 years

Interview on Zimbabwe economy and investment opportunities, today on CNN, with Richard Quest. Zimbabwe is the biggest “buy” for prospective investors into Africa

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Prof. Mthuli Ncube

@MthuliNcube

6 years

The shared goal of our nation is to rebuild #Zimbabwe with a stronger and inclusive economy and improved livelihood for all Zimbabweans.

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Prof. Mthuli Ncube

@MthuliNcube

2 years

I am very pleased to have been voted and ranked in the top 5 Ministers of Finance in Africa in 2021 by the French publication “Financial Afrik”. This is based on a popular vote and qualitative analysis of candidates, and considered by a jury.(1/2)

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Prof. Mthuli Ncube

@MthuliNcube

5 years

#Zimbabwe has lost a legend and a global icon. Rest In Peace Samanyanga. #RIPOliverMtukudzi

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Prof. Mthuli Ncube

@MthuliNcube

5 years

We are very busy working on the 2019 Budget for #Zimbabwe and my team is going around the country to listen and consult with citizens and their parliamentary representatives. What ideas and suggestions do you have for my team to address in the 2019 budget?

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Prof. Mthuli Ncube

@MthuliNcube

5 years

Very positive engagement with #Zimbabwe business community in Harare today at the Monetary Policy Statement Review Breakfast Forum. Brick by brick and working together we will rebuild our economy.

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Prof. Mthuli Ncube

@MthuliNcube

5 years

Biti’s choice of crude language not only reveals his analytical deficiencies but also demonstrates lack of sophistication and poise normally associated with a global platform such as Chatham House. He has much to learn. However, this may take a while.

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Prof. Mthuli Ncube

@MthuliNcube

6 years

Meeting with the Minister of Finance for Rwanda, Hon Ndagijimana, in Bali. There is much that Zimbabwe can learn from Rwanda and vice versa. I will visit Rwanda soon.

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Prof. Mthuli Ncube

@MthuliNcube

5 years

#Zimbabwe Investor Forum in #Switzerland with over 80 Swiss and European companies. Discussed economic outlook, development plans and shared investment opportunities in #Zimbabwe . Zim business delegation engaged & forged new economic ties with European businesses. #wef2019

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Prof. Mthuli Ncube

@MthuliNcube

6 years

Today I met with MasterCard President Ajay Banga. @MastercardMEA has pledged support for #Zimbabwe ’s drive for digital payments, inclusive growth & innovation. MasterCard will establish an office in Harare.

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Prof. Mthuli Ncube

@MthuliNcube

3 years

COVID19 Vaccine: The vaccine is cheaper than the costs of PPE, economic costs of lockdowns, and socio-psychological effects. With some innovative financial structuring and use of the 2020 budget surplus, we can purchase vaccines to inoculate the entire population of Zimbabwe.

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Prof. Mthuli Ncube

@MthuliNcube

5 years

ZESA Group, the electricity power utility, has now been consolidated under one Board structure. Subsidiary boards eliminated. This will cut out waste and generate efficiency gains. State enterprise reform is making good progress under TSP.

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Prof. Mthuli Ncube

@MthuliNcube

5 years

Treasury has authorized the recruitment of 3000 additional teachers in Zimbabwe in order to ease teacher shortage. Treasury has also authorized recruitment of about 350 university teaching staff and personnel to bolster university capacity. Key to improving service delivery

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Prof. Mthuli Ncube

@MthuliNcube

6 years

As part of #Zimbabwe ’s Public Enterprises Reforms, I have set deadlines for privatisation for under-performing State-Owned Enterprises (SOEs) and those earmarked for disposal — such as NetOne, TelOne and People’s Own Savings Bank (POSB).

Privatisation deadline for parastatals

Zimbabwe's largest daily newspaper

www.herald.co.zw

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Prof. Mthuli Ncube

@MthuliNcube

6 years

#WBGMEETINGS : I had fruitful meetings with AfDB, IMF and governors for France and Sweden, and presented Zimbabwe’s Transitional Stabilization Progran(TSP) and discussed arrears clearance.

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Prof. Mthuli Ncube

@MthuliNcube

6 years

To contain #Zimbabwe government expenditure, I will right-size public employment; rationalise posts in the public service, strengthen wage bill management, reduce travel expenditures and review expenditures on fuel benefit levels.

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Prof. Mthuli Ncube

@MthuliNcube

5 years

We have approved the immediate implementation of 11 investment projects worth USD5 Billion. #Zimbabwe is open for business.

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Prof. Mthuli Ncube

@MthuliNcube

3 years

Tiger fishing in Malilangwe today. Government is supporting domestic tourism with various tax and credit incentives.

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Prof. Mthuli Ncube

@MthuliNcube

6 years

Today I am in London, continuing the important work of deepening ties between #Zimbabwe & UK. I engaged with global investors interested in investing in Zimbabwe at the #FTAfrica Summit. I later addressed Chatham House on Economic Reform & Recovery in Zimbabwe.

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Prof. Mthuli Ncube

@MthuliNcube

5 years

#Zimbabwe government has developed a comprehensive plan to revive our economy and put us on the path to steady economic growth. The only way to a stronger economy is to restructure, rebuild and reform.

Ncube sells Zim reforms to EU

www.herald.co.zw

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Prof. Mthuli Ncube

@MthuliNcube

4 years

#Zimbabwe civil servants salaries adjusted by 50% with immediate effect. In addition, a non-taxable, Covid-19 allowance of US$75 per month for civil servants whilst pensioners will get US$30 per month.

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Prof. Mthuli Ncube

@MthuliNcube

6 years

The government commits to protect and preserve the value of people’s savings.

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Prof. Mthuli Ncube

@MthuliNcube

6 years

The world record for maize harvested per hectare is 34 tons however, two #Zimbabwe farmers hold the record for Africa with 22 tons per hectare achieved in 2017.

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Prof. Mthuli Ncube

@MthuliNcube

5 years

Wallstreet investor dinner in New York with some of the prominent investors and capital allocators on the #Zimbabwe stock market. Very positive investor reception and feedback on ongoing economic reforms. Zimbabwe Is Open for Business.

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Prof. Mthuli Ncube

@MthuliNcube

6 years

To contain #Zimbabwe ’s budget deficit, we have to do 2 things, one is revenue expansion and the other is cost containment and the introduction of 2% transfer tax is only one leg of the measures. Government has also to do its part in terms of reducing expenditure.

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Prof. Mthuli Ncube

@MthuliNcube

3 years

Air Zimbabwe’s relaunch flight, today, to Johannesburg. Load factor is good, at 41 out of 50 people. The airline is now solvent after government intervention and support.

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Prof. Mthuli Ncube

@MthuliNcube

5 years

The 2% Intermediated Money Transfer Tax will continue to be levied as per the Finance Act no 1 of 2019. The tax has financed food relief programs, health and education infrastructure, subsidies for transport(ZUPCO), Cyclone IDAI victims and reconstruction.Thank you citizens.

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Prof. Mthuli Ncube

@MthuliNcube

6 years

Meeting with IMF MD Mde Christine Lagarde, in Bali. Discussed Zimbabwe’s economic reform program, Transitional Stabilization Program.

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Prof. Mthuli Ncube

@MthuliNcube

6 years

I met with US Ambassador to Zimbabwe, Ambassador Brian Nichols this morning. We discussed Zimbabwe external re-engagement, US -Zimbabwe economic cooperation, and US role in Zimbabwe arrears clearance roadmap. @usembassyharare

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Prof. Mthuli Ncube

@MthuliNcube

6 years

Today in Bali, the IMF and World Bank endorsed Zimbabwe's arrears clearance plan and the 2 year economic recovery Transitional Stabilisation Programme. African Development Bank, EU, France, UK, USA, Australia, Netherlands and South Africa all expressed their support for Zimbabwe.

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Prof. Mthuli Ncube

@MthuliNcube

5 years

#WEF19 : "We are calling for Zimbabweans to be patient. We need to walk together, triumph together to build a better country" - #Zimbabwe 's Minister of Finance, Mthuli Ncube. #CNBCAfrica

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Prof. Mthuli Ncube

@MthuliNcube

3 years

Another batch of vaccine doses arrived today(800 000). Tomorrow Thursday will receive a batch of 700 000 vaccines, making a total of 1.5 million doses from Sinopharm. #zvakarongeka , #kuhlelekile

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Prof. Mthuli Ncube

@MthuliNcube

6 years

BBC News - Zimbabwe 'excited to drill for oil' after new survey

Zimbabwe 'excited to drill for oil' after new survey

The president said it was an exciting development for the country, which is suffering economically.

www.bbc.com

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Prof. Mthuli Ncube

@MthuliNcube

6 years

This morning I met the Secretary for DFID in the UK Government, Mr Matthew Rycroft. We had very good and constructive discussions on support fir reforms in Zimbabwe

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Prof. Mthuli Ncube

@MthuliNcube

5 years

Income from 2 % tax will also be used to rejuvenate and improve the new #Zimbabwe ; building schools, roads and making sure our nurses, doctors and teachers receive the wages they deserve. Shelves in shops are now full and fuel lines have petered out.

For economy to take off, we must take air out of inflation

www.herald.co.zw

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Prof. Mthuli Ncube

@MthuliNcube

5 years

Excellent progress on #Zimbabwe fiscal budget deficit reduction. In September 2018, the fiscal budget was balanced. Deficit was almost zero. Expecting this trend to continue to the end of the year. This will contribute to stabilizing the currency & in containing inflation.

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Prof. Mthuli Ncube

@MthuliNcube

5 years

Met with IMF Managing Director Christine @Lagarde at IMF Headquarters in Washington DC and provided an update on the progress of #Zimbabwe economic reforms since our last meeting at the IMF Annual Meetings in Bali, Indonesia.

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Prof. Mthuli Ncube

@MthuliNcube

3 years

Condolence message on the late Maj Gen(Rtd) Dr SB Moyo, Minister of Foreign Affairs and International Trade. He was a dear friend and hard worker. May his soul rest in internal peace.

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Prof. Mthuli Ncube

@MthuliNcube

3 years

A syndicate of banks comprising Rand Merchant Bank, ABSA, Nedbank and Standard Bank availed part of the USD 300 million for the redevelopment of Beitbridge Boarder Post. This shows confidence in the Zimbabwe economy, and future growth in regional trade activity.

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Prof. Mthuli Ncube

@MthuliNcube

6 years

Visit to Spar in Braeside and conversation with the staff, convinced me that we needed to lift import controls in order to ensure supply of commodities and contain price increases, especially during the festive season

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Prof. Mthuli Ncube

@MthuliNcube

5 years

Prices for basic goods in the consumption basket in Zimbabwe have dropped by an average of 19% in US$ terms, from January 2018 to June 2019. See table below from Treasury. The prices in RTGS$ terms are therefore grossly inflated.

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Prof. Mthuli Ncube

@MthuliNcube

3 years

The US dollars is legal tender in Zimbabwe for transaction purposes. The domestic currency (Zim$) is very stable, arising from prudent fiscal and monetary policies, and auction system, and positive current account position.

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Prof. Mthuli Ncube

@MthuliNcube

2 years

New measures to enhance the use of the domestic currency, the Zimbabwe dollar.

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Prof. Mthuli Ncube

@MthuliNcube

6 years

I had a great meeting with business executives and investors in London hosted by InvestAfria and Gemcorp.

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Prof. Mthuli Ncube

@MthuliNcube

3 years

Zimbabwe has purchased an additional 2 million vaccines which will be delivered next week, followed by another 1.5 million vaccines to be purchased end of July. In Aug and Sept,3.5 million vaccines will be purchased. Vaccination program is part of the economic recovery strategy.

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Prof. Mthuli Ncube

@MthuliNcube

3 years

Walking the talk: Today #Zimbabwe received a record 2 million doses of the World Health Organization approved SINOVAC Covid 19 vaccine purchased from China, using surplus funds from prudent economic management. Vaccination program is part of the economic recovery strategy.

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Prof. Mthuli Ncube

@MthuliNcube

4 years

A “golf course” of wheat crop in Zimbabwe. Wheat yields are looking good, as country drives towards flour sufficiency and reduction of wheat imports.

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Prof. Mthuli Ncube

@MthuliNcube

1 year

Zimbabwe space satellite, ZIMSAT 1, was launched into space today by NASA. I announced it in the national budget statement 3 years ago, and it is now reality. Looking forward to development and launching of ZIMSAT 2 in the future. #zvakarongeka #kuhlelekile #NDS1

NASA

@NASA

1 year

LIVE: Watch coverage of our @NorthropGrumman #CRS18 resupply mission to the @Space_Station . Carrying everything from science to snacks, the Cygnus spacecraft is set to launch at 5:27am ET (1027 UTC).

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Prof. Mthuli Ncube

@MthuliNcube

6 years

Cholera Crowd Fund. Please support it through your valuable donations. Thank you. Hon Prof Mthuli Ncube, Minister of Finance and Economic Development, Zimbabwe

Prof. Mthuli Ncube

@MthuliNcube

6 years

Together with my colleagues at Min of Health, we have set up an auditable emergency crowdfund to further efforts to fight cholera to date. Together we can win! Min Of Finance Cholera Crowd Fund: EcoCash Biller Code 140286; CBZ Treasury, ACC 21537300017, Selous REF: FIGHT CHOLERA

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@MthuliNcube

5 years

#Zimbabwe ’s sweeping economic reforms have culminated in The International Monetary Fund (IMF) reaching an agreement with #Zimbabwe on a staff monitored programme (SMP). #IMFMeetings

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Prof. Mthuli Ncube

@MthuliNcube

6 years

Press statement on the Money Transfer Tax.

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Prof. Mthuli Ncube

@MthuliNcube

6 years

Later in the afternoon today in Geneva, at the World Investment Forum, I will be discussing with other Ministers around the world on how landlocked countries such as Zimbabwe can attract more foreign direct investment...How can landlocked countries become land linked?

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Prof. Mthuli Ncube

@MthuliNcube

3 years

After Two Years of Three Digits, Zimbabwe Inflation Drops to 56% - Bloomberg

After Two Years of Three Digits, Zimbabwe Inflation Drops to 56%

Zimbabwean inflation slowed to double digits in July for the first time in more than two years.

www.bloomberg.com

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Prof. Mthuli Ncube

@MthuliNcube

5 years

US$500m facility to stabilise prices

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@MthuliNcube

6 years

I am now off to Bali for the annual IMF/ World Bank meetings to continue dialogue with our international partners, focusing on accelerating clearing #Zimbabwe arrears with multilateral lenders and unlocking new capital inflows.

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Prof. Mthuli Ncube

@MthuliNcube

5 years

#Zimbabwe ’s economy has been full of inefficiencies for far too long. Waste in the economy, has led to want amongst the people. The Government’s Transitional Stabilisation Programme (TSP) is at the heart of our economic reform programme. @edmnangagwa

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@MthuliNcube

5 years

Today, toured United Refineries Limited @limited_united one of the largest Bulawayo-based cooking oil manufacturers established in 1935. One of Transitional Stabilisation Programme goals is investing & retooling #Zimbabwe industries to produce enough so we rely less on imports.

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@MthuliNcube

3 years

(1/2) Walking the Talk: #Zimbabwe today received an additional 1 million doses of World Health Organization approved Sinovac Covid-19 vaccines. We expect to receive an additional 1.5 million vaccines later this week. #Zvakarongeka

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@MthuliNcube

5 years

The exchange rate of the #Zimbabwe Dollar to United States Dollar is way undervalued. The exchange rate of Zim$ to US$ should be around 6 at the moment, on the basis of the real exchange rate (RER) relative to the South African Rand.

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@MthuliNcube

5 years

#Zimbabwe Government is forging ahead with the Road Network Expansion & Rehabilitation Programme. In #Budget2019 we set aside US$910.4m to fund the programme under the theme "A Road is the Economy” #TransitionalStabilisationProgramme @edmnangagwa

Tanganda-Ngundu road rehabilitation on track

THE Government-funded second phase of the Tanganda-Ngundu Highway construction works are in full swing and upon completion in six weeks will provide much needed economic stimulus, improve safety and...

www.manicapost.co.zw

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@MthuliNcube

6 years

Zimbabwe arrears plan back on track after IMF, World Bank backing via @newswireZW

Zimbabwe arrears plan back on track after IMF, World Bank backing - newZWire

Zimbabwe’s plan to clear $2 billion in foreign arrears is back on track after receiving World Bank and IMF backing, Finance Minister Mthuli Ncube has said. In a statement on Wednesday, Ncube also...

newzwire.live

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@MthuliNcube

5 years

Power generation: Kariba South expansion now completed with capacity of 300 MW. Hwange 7 and 8 will add 600 MW, costing $1.5 billion and built over 42 months. #TSP

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@MthuliNcube

6 years

On the sidelines of #UNGA in New York, His Excellence @edmnangagwa and I caught up with Hon Patricia Scotland QC, Commonwealth Secretary-General. #Zimbabwe has made tremendous progress towards rejoining the Commonwealth.

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@MthuliNcube

6 years

Meeting with the CEO of Commonwealth Development Corporation(CDC), with PS Finance George Guvamatanga. The CDC wants to invest more in Zimbabwe across a variety of sectors

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@MthuliNcube

6 years

Govt opens borders for imports | ZBC News Online

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@MthuliNcube

6 years

This morning, I had a productive meeting with 50 small business leaders to listen, consult and discuss the economy and critical issues affecting our SMEs.

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@MthuliNcube

6 years

Our concerted effort to retool our industries, accelerate international re-engagement, unlock new capital flows and facilitate investment will make strides toward that shared goal.

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@MthuliNcube

5 years

I met with the US Ambassador to Zimbabwe to discuss Zimbabwe’s reform agenda. As government we are focussed on the reform agenda.

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@MthuliNcube

5 years

Civil servants to get bonus thanks to austerity: Mthuli

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@MthuliNcube

6 years

Developing countries such as Zimbabwe are leading in innovative policies such as the 2% electronic transactions tax. Development countries have to learn from us. Britain mulls 2 percent tax | The Herald

Britain mulls 2 percent tax

www.herald.co.zw

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@MthuliNcube

5 years

Expansion of Harare International Airport(RG Mugabe) underway. Additional airport capacity needed to handle air traffic in future

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@MthuliNcube

5 years

#Zimbabwe Investor Forum in #Switzerland with over 80 Swiss and European companies. Discussed economic outlook, development plans and shared investment opportunities in #Zimbabwe . Zim business delegation engaged & forged new economic ties with European businesses. #wef2019

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@MthuliNcube

2 years

Improved Conditions of service for teachers and entire civil servants

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@MthuliNcube

4 years

If you move around #Zimbabwe supermarkets you will see new products manufactured locally and this is the import substitution that we are pushing for because it will create jobs, while also growing our economy and saving foreign currency.

Forex cushion to stabilise economy

www.herald.co.zw

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@MthuliNcube

3 years

Arrival of 200 000 COVID19 vaccine doses from Sinopharm China early this morning, on AirZimbabwe, donated by Chinese Government. This kickstarts the vaccine acquisition program of 1.8 million doses from China.

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@MthuliNcube

5 years

Meeting with the new Managing Director of the IMF, Ms Christalina Georgieva.

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@MthuliNcube

5 years

The 2 percent transaction tax initiated in October 2018 has started bearing positive results on the #Zimbabwe economy.

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@MthuliNcube

5 years

IMF Managing Director @Lagarde confirms IMF support for #Zimbabwe : “I would like to reaffirm that we will be conducting a staff‑monitored program (SMP) with Zimbabwe. And it is particularly appropriate that we do that expeditiously...” #IMFmeeitngs

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@MthuliNcube

6 years

Meeting with Indonesia Eximbank and private companies. They are keen to invest in Zimbabwe’s construction and agriculture sectors.

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@MthuliNcube

5 years

Mboweni wants end to Zimbabwe sanctions via @IOL

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@MthuliNcube

6 years

His Excellency President Munangagwa delivers his speech at the UN General Assembly.

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@MthuliNcube

5 years

Reengaging and strengthening economic ties with #Russia as we focus on rebuilding #Zimbabwe economy. @KremlinRussia_E @edmnangagwa

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307

Prof. Mthuli Ncube

@MthuliNcube

6 years

We continue to work hard to unlock new capital inflows for investment and economic growth in #Zimbabwe . Zimbabwe’s goal is that by this time next year we would have cleared the AfDB & World Bank arrears.

225

80

314

Prof. Mthuli Ncube

@MthuliNcube

2 years

I visited Chivhu Dam which is now 98% complete, and financed entirely by government. It will supply water to the town of Chivhu, offer recreational and fishing facilities, and 150 hectares of irrigated land. The dam will transform the area and raise incomes of communities.

181

50

311