RBZ Debt Assumption Bill

The late former Malawi president, Bingu Wa Mutharika benefited from the controversial Reserve Bank of Zimbabwe (RBZ)'s Farm Mechanisation Programme in 2007 at a time when the country's economy was deteriorating and correspondence at hand…
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HARARE – Finance minister, Patrick Chinamasa, said treasury will soon inject an additional $150 million into the central bank as part of efforts to recapitalise the financial institution.
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In their folly they danced, sang and celebrated in parliament at the passing of a bill that has sounded the death knell of their careers as protectors of the interests of those that put them there.
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As the country’s largest and most popular political party, the MDC is deeply concerned about the general lack of transparency and accountability in the management of public funds and public resources in Zimbabwe.
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On Tuesday, May 12, 2015, a very tragic and upsetting event took place in the National Assembly in Harare.
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HARARE - Reserve Bank of Zimbabwe (RBZ) Debt Assumption Bill on Tuesday sailed through the National Assembly, with 115 legislators voting for the piece of legislation while 37 opposed the motion.
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HARARE - Civil society organisations have petitioned Jacob Mudenda, the Speaker of the National Assembly, to first audit the central bank’s $1,3 billion debt before adopting the Reserve Bank of Zimbabwe (RBZ) Debt Assumption Bill.
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HARARE - President Robert Mugabe, his wife Grace and top securocrats are among the Reserve Bank of Zimbabwe’s biggest debtors and the prime beneficiaries of its farm mechanisation programme, says former finance minister Tendai Biti.
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OPINION - I propose that the Reserve Bank Debt Assumption Bill be renamed the Reserve Bank Debt Sanitisation Bill because it really is an attempt to sanitise the toxic ZANU (PF) debts created by Gideon Gono.
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OPINION - I was this week hugely disappointed by the nature of debate in the National Assembly on the Reserve Bank of Zimbabwe (RBZ) Debt Assumption Bill. The debate lacked substance, and took an unfortunate partisan approach.
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