No Treasury bailout for small Zimbabwe city

Finance Minister, Mthuli Ncube, this week revealed that there would be no rescue package for the City of Kwekwe to avert a water crisis in the short term due to serious complexities.But the failure to...

By Staff reporter | Published: 05 October 2019


Zimbabwe Treasury Bills rollover triggers market panic

FINANCE minister Mthuli Ncube's engagement with market players to explore options for restructuring the Treasury Bills (TBs) to longer tenure - effectively rollovers of maturities - and surging inflat...

By Staff reporter | Published: 30 November 2018


Infrastructure stock rising due to Treasury Bills

Treasury Bills (TBs) have mostly been channelled towards infrastructure development and Government had managed to keep its borrowing under manageable levels, Finance and Economic Planning Minister Pat...

By Staff reporter | Published: 24 June 2018


Banks find Treasury Bills love

Zimbabwean banks have increased their uptake of Treasury Bills (TBs) as the short-dated securities offer better returns and are as good as money.Treasury Bills are used by government when borrowing fr...

By Staff reporter | Published: 09 April 2018


Treasury intervenes in passports delays

TREASURY has intervened in a bid to end delays in issuing passports by agreeing to import materials needed by the Registrar General's Office.The Minister of Home Affairs and Culture Dr Obert Mpofu rev...

By Staff reporter | Published: 25 January 2018


'Zimbabwe could default Treasury Bills payment'

THE Parliamentary Budget Office has warned that the Government could default on its Treasury Bills payment obligations on maturity, a development it fears could leave most local commercial banks, whic...

By Staff reporter | Published: 19 October 2017


Treasury lays out 2018 budget thrust

The 2018 national budget will focus on restoring macro-economic stability and fiscal discipline through implementing various cost-cutting measures, the Ministry of  Finance and Economic Developme...

By Staff reporter | Published: 18 October 2017


Treasury to incentivise property developers

Finance and Economic Development Minister Patrick Chinamasa said Government was looking at giving incentives for property developers willing to upgrade and set up new structures for tertiary instituti...

By Staff reporter | Published: 27 September 2017


'Treasury Bills illegal,' says Biti

THE setting up of the Zimbabwe Asset Management Company (Zamco) to absorb non-performing loans (NPLs) and the issuance of Treasury Bills (TBs) by the Reserve Bank of Zimbabwe (RBZ) without parliamenta...

By Staff reporter | Published: 08 September 2017


IDC cedes Olivine stake to Treasury

THE Industrial Development Corporation (IDC) has relinquished its stake in troubled fast moving consumer goods manufacturer, Olivine Industries, to the Ministry of Finance and Economic Development.Th...

By Staff reporter | Published: 24 August 2017


Treasury Bills, loans give RBZ governor headache

RESERVE Bank of Zimbabwe (RBZ) governor says he is worried about the creation of money through the issuance of Treasury Bills and loans which is causing a mismatch between local RTGS balances and nost...

By Staff reporter | Published: 27 July 2017


Treasury Bills outstrip banks' equity

THE value of Treasury Bills (TBs) has outstripped bank equity capital by 1,7 times, a new report indicated this week, raising questions over the financial sector's ability to continue absorbing the pa...

By Staff reporter | Published: 20 July 2017


Treasury avails $5 million to MPC

Treasury has availed $5 million capital to the Ministry of Mines and Mining Development to enable the Mining Promotion Corporation to start operations. The newly formed MPC will ensure an increase in ...

By Staff reporter | Published: 06 May 2014


$103 million Treasury Bills fully subscribed

NINE financial institutions have fully subscribed for the $103 million Treasury Bills floated by the Reserve Bank of Zimbabwe last month with CBZ Bank snapping up more than half of the amount on offer...

By Conrad Mwanawashe | Published: 08 April 2014


BAZ wants Treasury Bills for FCA cash

BANKS have proposed the conversion of outstanding foreign currency accounts balances appropriated by the Reserve Bank of Zimbabwe during the height of the hyperinflationary period into Treasury paper....

By Business Reporter | Published: 12 November 2013


Treasury completes debt audit

GOVERNMENT has completed validation of public debt and will soon release a detailed account of the makeup of the country's liabilities, a senior official has said.Zimbabwe Head of Aid and Debt Managem...

By Staff reporter | Published: 11 November 2013


Zim forecasts a $100 million budget deficit

TREASURY has projected a $100 million deficit on the 2013 budget after revising downward targeted collections for the year on poor revenue inflows in October and anticipated poor revenue inflows for t...

By Staff reporter | Published: 06 November 2013


Treasury acts to raise poll funds

Finance minister Tendai Biti has said Treasury has suspended the funding of all government activities except salaries as it battles to mobilise funds for elections. Addressing a Press conference in H...

By Staff reporter | Published: 22 July 2013


VP Mujuru urges treasury to release funds in order to revival industry

Vice President Joice Mujuru says treasury should speed up the release of money for the revival of industry as this will help in employment creation.Mujuru made the remarks at the handover of water p...

By Business Reporter | Published: 10 June 2013

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