Southern Africa Business

President Netumbo Nandi-Ndaitwahdeliveredthe State of the Nation Address (SONA), detailing a massive roadmap to revitalize the economy through strategic investment, energy security, and agricultural expansion.She also highlighted key domestic priorities, including the rollout of fully subsidised tertiary education for eligible students, backed by expanded financial aid access. The president urged swift passage of theRead more » President Netumbo Nandi-Ndaitwahdeliveredthe State of the Nation Address (SONA), detailing a massive roadmap to revitalize the economy through strategic investment, energy security, and agricultural expansion. She also highlighted key domestic priorities, including the rollout of fully subsidised tertiary education for eligible students, backed by expanded financial aid access.

The president urged swift passage of the The Zimbabwean central bankhas announcedthat all is in place to distribute the new ZWG notes. In an official statement, the bank said financial institutions have finalized the necessary logistics and operational modalities to ensure a “seamless” transition.Central Bank Governor John Mushayavanhu said the “Big Five” series has already been rolled out nationwide in quantities sufficient forRead more » The Zimbabwean central bankhas announcedthat all is in place to distribute the new ZWG notes. In an official statement, the bank said financial institutions have finalized the necessary logistics and operational modalities to ensure a “seamless” transition.

Central Bank Governor John Mushayavanhu said the “Big Five” series has already been rolled out nationwide in quantities sufficient for Political analysts and opposition figures saidthe appointmentof seven new deputy ministers by President Netumbo Nandi-Ndaitwah would significantly increase government spending. They see the plan as poorly thought out, as it increases budget expenditure.The seven new deputy ministers will receive salaries of N$65 000 per month, or N$780 000 per annum. This will cost the government nearly N$1.7 million per yearRead more » Political analysts and opposition figures saidthe appointmentof seven new deputy ministers by President Netumbo Nandi-Ndaitwah would significantly increase government spending.

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They see the plan as poorly thought out, as it increases budget expenditure. The seven new deputy ministers will receive salaries of N$65 000 per month, or N$780 000 per annum. This will cost the government nearly N$1.7 million per year Government-appointed curators arefacingsignificantlegaland institutional hurdles in their efforts to seize and manage domestic and foreign assets linked to the Fishrot fraud and corruption scandal.

The curators are also frustrated by local banks’ lack ofRead more » Government-appointed curators arefacingsignificantlegaland institutional hurdles in their efforts to seize and manage domestic and foreign assets linked to the Fishrot fraud and corruption scandal. The curators are also frustrated by local banks’ lack of The government hasfully paidits outstanding debt of U.S. $630,1 million to the International Monetary Fund (IMF).

The government has reduced its balance from that amount at the start of the month to zero by the end. Mozambique is the only country in this situation among 85 countries listed.Since Mozambique is no longer in arrears to the IMF, it may be easier for the government to obtain further loans from theRead more » The government hasfully paidits outstanding debt of U.S. Mozambique is the only country in this situation among 85 countries listed. Since Mozambique is no longer in arrears to the IMF, it may be easier for the government to obtain further loans from the

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