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$15bn diamonds revenue was not stolen: Chinamasa rubbishes Mugabe

HARARE – Finance minister Patrick Chinamasa has said Zimbabwe did not lose $15 billion diamonds revenue as claimed by President Robert Mugabe. Chinamasa,.

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Out with cash, in with plastic

Most Government departments, parastatals and State-owned enterprises have embraced transactions in multiple currencies, while plastic money accounts for 80 percent of transactions in.

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Main News Money & Markets

Turning Zimbabwe’s printing press back on

Zimbabwe prints more money, prompting fears of a return to the hyperinflation of the country’s past As printing presses begin to warm up.

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Main News Money & Markets

Chinamasa gives greenlight for salary cuts

Finance minister Patrick Chinamasa says government and the private sector can cut salaries and wages to align their employment costs to the operating.

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Chinamasa explains what plastic money is

Finance Minister Patrick Chinamasa said plastic money was the use of ATM cards to pay for goods by swiping on point of sale.

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Inside The Bill Gates-Backed Accelerator That’s Training The Next Generation Of Venture Capitalists

In an airy converted furniture store in Seattle’s Pioneer Square neighborhood, five novice impact fund managers from Zimbabwe, Guatemala and the Netherlands are.

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Calls For Adoption of SA Rand Get Louder As U.S Dollar ‘Vanishes’

As the shortage of cash in Zimbabwe’s financial institutions continues, there is a mounting call for the adoption of the South African rand.

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Mugabe says cash crisis is temporary

Mugabe , Zimbabwe’s president said on Thursday the introduction of local bank notes by the central bank later this year, which he called.

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OK Zimbabwe FY earnings down 91% on weakening revenue

RETAIL giant OK Zimbabwe’s after tax profit for the full year to March 2016 was 91% lower to nearly US$700 000 compared to.

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Main News Money & Markets

IMF lying about Zimbabwe

A United States economist says the International Monetary Fund and the British magazine, The Economist, are lying about Zimbabwe’s hyperinflation figure. Steve Hanke.

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