Tag: Mthuli Ncube
Zimbabwe has agreed to pay $3.5 billion in compensation to white farmers who lost their land through invasions 20 years. The money will compensate for improvements made to the land by farmers. It is being seen as an olive branch from the government and a step away from the antagonistic days of the late president Robert Mugabe. Zimbabwe Finance Minister, Mthuli Ncube and veteran farmer Ben Freeth join CNBC Africa for more.
The World Bank will grant Zimbabwe $7m to help fight the economic damage caused by the Covid-19 pandemic.
This week the International Monetary Fund is in Zimbabwe to assess the country’s struggling economy. 2019 has not been kind to Zimbabwe, inflation is 166 per cent, according to the Economist and there have been shortages of goods and currency. Even Mthuli Ncube the finance minister admits his investment target of $8 billion pledged at the World Economic Forum in Davos in January fell short. He joins CNBC Africa for more.
Finance Minister Mthuli Ncube outlines the investment case for Zimbabwe on the side-lines of the World Economic Forum on Africa in Cape Town.
In an economy faced with international uncertainty, Zimbabwe's minister of Finance delivered the half-year budget review statement yesterday.
Zimbabwe will repeal its indigenisation and economic empowerment legislation dealing with ownership of foreign-controlled companies and replace it with a new empowerment law, Finance Minister Mthuli Ncube said on Thursday.
Zimbabwe’s economy is expected to contract this year.
Although Zimbabwean finance Minister Mthuli Ncube has taken on the task to turn around the Zimbabwean economy, the inflation rate is still on the rise. In June, inflation in Zimbabwe hit a high of 176 per cent .This was due to currency issues and the ongoing drought which threatened the countries food security. So is there hope for the crippling Zimbabwean economy? Nathan Hayes, Analyst at The Economist Intelligence Unit joins CNBC Africa for more.