Mthuli supportive of 12 billion mining dream

Mthuli supportive of 12 billion mining dream

By Anyaway Machani The minister of Finance and Economic Development, Professor Mthuli Ncube says he fully supports the vision to achieve a USD12 billion mining sector by 2023. Speaking at a mining conference held at Meikles Hotel, Ncube commended the blueprint. “I am a fan believer in the USD 12 billion issue, I can see it, I can feel it and I am impressed on what is being built, bit by bit, deal by deal, mineral by mineral we are already there,” said Ncube. The minister of finance was excited…

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RBZ rolls out measures to stabilize economy

RBZ rolls out measures to stabilize economy

THE Reserve Bank of Zimbabwe (RBZ) governor John Mangudya yesterday outlined measures to stabilize the economy while presenting the monetary policy statement. Mangudya said the measures would need to be complimented by government through reducing expenditure Below are some of the key measures announced by Mangudya.     Strengthening the Multi-Currency System by introducing separate FCA accounts for Nostro and RTGS funds. In February 2018, the Bank introduced a policy that requires banks to ring-fence foreign currency for foreign exchange earners that include international organizations, diaspora remittances, free funds, export…

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