Articles tagged 'debt assumption bill'

RBZ moves to pay $1,3bn debt 14 January 2016 HARARE - Zimbabwe will soon come to the market to seek more funds, through the issuance of treasury bills, aimed at clearing the $1,3 billion central bank debt, businessdaily has learnt. Reserve Bank of Zimbabwe (RBZ) governor John Mangudya said government has already paid over $600 million to...
RBZ Debt Assumption Bill sails through 12 May 2015 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. The legislation, which will see government assuming over $1,35 billion debt, will now go to Senate...
Speaker rejects RBZ Bill petition 20 March 2015 HARARE - Jacob Mudenda, the speaker of the National Assembly, has refused to accept a petition by civil society organisations urging parliamentarians to reject the Reserve Bank of Zimbabwe (RBZ) Debt Assumption Bill. The petition, undersigned by the Zimbabwe Coalition on Debt and Development (...
Govt set to take over RBZ debt 2 February 2015 HARARE - Finance minister, Patrick Chinamasa, last week presented the Debt Assumption Bill, for consideration to Parliament. If adopted, the Bill will allow government to take over Reserve Bank of Zimbabwe (RBZ)'s debt. The Bill seeks to authorise government to take over the debt incurred by t...
Parly reluctant to call Gono 25 September 2014 HARARE - Parliament's portfolio committee on finance is surprisingly “reluctant” to call former Reserve Bank of Zimbabwe (RBZ) governor Gideon Gono to help explain how the Bank’s debt ballooned to more than $1 billion. In light of emotive views arising from countrywide consultative meetings an...