Zimbabwe – 27 May 2016

Export incentives to ease cash crisis — Mangudya

ZIMBABWE could soon boost its exports driven by a cocktail of measures announced by the Reserve Bank of Zimbabwe recently.

The Reserve Bank Governor John Mangudya told a breakfast meeting hosted by the Zimbabwe National Chamber of Commerce (ZNCC) two weeks ago that incentivising exporters could help ease the liquidity problems in the economy.

He mentioned that gold, diamond, tobacco, ferrochrome and tobacco accounted for the greatest percentage of exports.

The US$ 200 million from Afreximbank scheme focuses on the output level as opposed to the input level which is open to abuse.

Mangudya implored citizens to embrace the export incentive scheme which will help to replenish nostro balances.

The Independent


Thousands stage pro-Mugabe march in Zimbabwe

Several thousand Zimbabweans joined a march through Harare in support of veteran President Robert Mugabe on Wednesday after the main opposition party staged its own rally last month.

The marchers, many of whom were transported to the capital by bus, sang songs praising Mugabe and wore t-shirts displaying his image as they gathered at a central square to hear him address the crowds.

“We are happy that we are marching for our president to prevent the opposition from distracting the country’s leader,” Taremedzwa Chikara, 56, a housewife and supporter of Mugabe’s ZANU-PF party, told AFP.