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Tinashe

@baba_nyenyedzi

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Here to promote free markets in Zimbabwe.

Joined April 2009
Don't wanna be here? Send us removal request.
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@baba_nyenyedzi
Tinashe
3 years
What we learn from the global successes of Strive Masiyiwa & James Manyika is that there is an opportunity to make it as an educated, ethical & entrepreneurial Zimbabwean. Without need to fleece the state nor beholden to GOZ. Values, education & entrepreneurial spirit WORKS.
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@baba_nyenyedzi
Tinashe
4 years
Zimbabwe is NOT in a recession. It’s in a two year Depression preceded by three years of stagnation and two decades of general economic slump. It’s in a debt trap cum hyperinflation with ineffective policy tools. Ours is a deep seated problem not covid induced recession.
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@baba_nyenyedzi
Tinashe
2 years
I cannot imagine a world without Alex, a Zimbabwe without its wordsmith, my life without his encouragement. Alex brought to the world an incredible colour & in the intellectual realm, candor & originality. He was consistent. He diced & dined on ideas. What a loss to the world
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@baba_nyenyedzi
Tinashe
1 year
There is something wrong with academics running university administration. Teaching is NOT the same as leading an organization. The UZ has failed in serving its primary customers who are students. It pains me greatly to see thousands of students either packed like sardines in
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@baba_nyenyedzi
Tinashe
5 years
This guy has just thrown litter out of his car in Mt Pleasant. Let’s make him famous!! @advocatemahere @Wamagaisa @begottensun @EdmundKudzayi
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@baba_nyenyedzi
Tinashe
2 years
Zimbabwe needs new companies & new industries. New entrepreneurs. New cities and new streets. New thinking. No need for Indigenisation & taking over people’s farms. It’s an inferior mindset & entitlement that believes in stealing other people’s possessions. Create your own!
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@baba_nyenyedzi
Tinashe
4 years
If Zimbabweans accept that a central bank can source farm equipment from abroad & give it away to “farmers” then we have an ignorant nation.
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@baba_nyenyedzi
Tinashe
3 years
Have you noticed those who are against Dollarisation are the big beneficiaries of the auction subsidized Fx? 🤦🏽🤷🏾‍♂️
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@baba_nyenyedzi
Tinashe
2 years
Only in Zim can you have the highest inflation in the world at 285% and still be told of price stability and economic success. Only in Zim can the official currency move from 108 at the beginning of year to 604. Losing 82% value & talk of tight monetary policy success. Oh well
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@baba_nyenyedzi
Tinashe
3 years
The best A level combination for the students that want to study Economics at university is one that has Mathematics & History or English Literature. You’ll not survive Economics without Mathematics.But to become a great Analyst on the world stage you must be able to write well
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@baba_nyenyedzi
Tinashe
4 years
The Mukuru queues around the country even in banks tell the silent story that Zimbabweans don’t want to hear; (1) A dysfunctional & low confidence in Zim monetary system. (2) Effective demand in Zim comes from remittances. (3)Remittances fund consumption & not investment.
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@baba_nyenyedzi
Tinashe
4 years
1/ Zimbabwe - Afreximbank loans On the 12th of Feb 2021, compelled by a court order, the MOF gazetted loans taken by RBZ it guaranteed. It is very clear why RBZ & GOZ were secretive about these loans to the point of making its apologists deny the very existence of them.
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@baba_nyenyedzi
Tinashe
2 years
🧵 1/24 Theory matters. The raft of new measures introduced by RBZ and MOF to curb inflation & runaway exchange rate reflect desperation. Instead of first understanding the problem, the authorities are negligent of economic theory & we are back to casino Economics.
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@baba_nyenyedzi
Tinashe
2 years
@nickmangwana Nick can you please ask minister July Moyo why if it’s an investment, where is the US$400m Geogenix money? Surely Geogenix can build their waste to energy plant & we as citizens will gladly give them the waste. But Geogenix cannot use our rates to build their business…
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@baba_nyenyedzi
Tinashe
1 year
Barbarians at the Gate. In which every Zimbabwean must support the Governor of RBZ. At least in this particular round. The Facts. As of March 2023, Zimbabwe Nostro TOTAL DEPOSITS were US$2bn of which it was supported by US$1bn in actual physical cash and cash held in foreign
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@baba_nyenyedzi
Tinashe
2 years
To be clear the gold coin idea is a scam of huge proportion. A Ponzi scheme waiting to happen and arbitrage opportunity for the few. Why does the RBZ not follow its own advice & buy gold reserves? Today it has none. It last held gold reserves in 2002.
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@baba_nyenyedzi
Tinashe
3 years
1/24 Thread The cause of the black market rate rising It is patently obvious that the president & possibly his Vice have acted on false information. Their actions make the situation worse. Everyone has been afraid to tell the truth about the auction & it’s core problem
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@baba_nyenyedzi
Tinashe
3 years
I remember attending the inauguration of ED Mnangagwa & frankly believing no one could possibly be worse than Mugabe. It was not conceivable. The rate was 1:2 it’s now 1:200. Money supply was $8bn its now $330bn. RBZ equity was strong at $2bn ( US$1bn) it’s now US$5bn negative
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@baba_nyenyedzi
Tinashe
3 years
@BusisaMoyo ⁩ calls out GOZ for refusing to be paid in ZWL. That’s not ubuntu “ you can’t invite someone to a buffet at your home but you go and buy kfc.” By asking to be paid in USD, GOZ doesn’t have an incentive to defend the ZWL & promotes arbitrage #czicongress2021
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@baba_nyenyedzi
Tinashe
2 years
1/24 The new macroeconomic measures. On the 7th of May, GOZ came up with new measures to stabilize & bring confidence to the economy. It identified the fast depreciating currency as the source of the recent increase in inflation (15.5% mom). Does the new policy measure up?
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@baba_nyenyedzi
Tinashe
3 years
1/24 2021 Budget Thread I refer you back to Cross interview with Trevor. Cross told Mthuli that though he was a brilliant economist he had been away from Zim for too long & needed to understand Zim. In his 2021 budget presentation, what was conspicuous was lack of gusto!
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@baba_nyenyedzi
Tinashe
2 years
If indeed land was at the heart of the liberation struggle why is it black farmers don’t have title deeds? What kind of ideology steals away the right of a black man to own title? Does it need another Chimurenga for a black man to finally own land?
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@baba_nyenyedzi
Tinashe
2 years
Do sanctions stop 78% of farmers from paying back their loans?
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@baba_nyenyedzi
Tinashe
3 years
From a corporate governance perspective the Perm Sec Guvamatanga should refuse the gift from Tagwirei. From a public finance perspective, it spells disaster when the main beneficiary of the condonation bill (parliament pardon for over expenditure) is gifting country's treasurer
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@baba_nyenyedzi
Tinashe
3 years
1/24 Political Economy of Zimbabwe The amendment of the Finance Act 2021 has brought about unanswered questions. It sees Substantial increase in taxes affecting mostly the common man while concurrently the same tax payer BAILING OUT Delta & CBZ & many more.
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@baba_nyenyedzi
Tinashe
2 years
Effectively RBZ is selling USD at half the price. I still insist no Economist came up with this idea. Not possible.
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@baba_nyenyedzi
Tinashe
2 years
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@baba_nyenyedzi
Tinashe
2 years
5yrs ago, Zim was given a golden opportunity to start all over again. Just like 1980, the country failed to take advantage of this window. Part of it is failed Zim leadership. SADC & Africa is also to blame.Then it’s also us as a society. We have failed Zim. God forgive us 🇿🇼
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@baba_nyenyedzi
Tinashe
2 years
Western Aid to Zimbabwe is between US$750m to US$850m annually. Where would Zimbabwe be without western aid and foreign nations employing Zimboes? The US government & US NGO’s are the leading aid providers to Zim. Up to US$400m annually. Zim is open for Aid.
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@baba_nyenyedzi
Tinashe
2 years
Money laundering is a more serious offense than corruption.
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@baba_nyenyedzi
Tinashe
2 years
1/20. PART 1 Reserve banking. Why do central banks keep reserves. What are reserves? President ED & his Government have come out strong in support of a mono currency. Establishing ZWL as the sole currency. Can the fundamentals justify this move?
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@baba_nyenyedzi
Tinashe
3 years
If you were triggered by this sage advice. You are just a fool. Imagine if it wasn’t a senior partner but a potential client? Unfortunately schools and universities don’t teach the soft skills. Fadzi is being awfully kind. While at it please don’t talk with food in your mouth!
@advocatemahere
Fadzayi Mahere🇿🇼
3 years
Dear law interns, You know I’m in your corner. Don’t walk into the firm at 8am, holding a loaf of bread in one hand & an avocado in the other, pushing at the door against the senior partner with no greeting. Master professional etiquette. Curate your corporate image.
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@baba_nyenyedzi
Tinashe
2 years
Command Agriculture failed. Command Transport failed. Command Fx Auction failed. Command mining failed. Command infrastructure failed. Command Health care failed. Command banking failed. Command telecoms failed. Command Airline failed. Command social-security failed.
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@baba_nyenyedzi
Tinashe
4 years
1/ The state of the Zim Economy. Looking ahead. In August 2017, supermarkets were breaming with product,albeit an ominous cloud hung over the state. The black market for forex reached 40% premium from 1:1 gedye. Inflation was only 4.83%. But even the Herald had no good news
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@baba_nyenyedzi
Tinashe
1 year
My father bought me a suit when I was 12, at Meikles. He picked a pinstripe double breasted number- with beautiful peaked lapels. He ordered an Armani suit from London for himself for the glorious wedding day affair with my mother. He was buried in that suit. But it started my
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@baba_nyenyedzi
Tinashe
2 years
In 2009, we were told to open FCA accounts. All bank accounts became FCA’s. That’s all I have to say.
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@baba_nyenyedzi
Tinashe
4 years
RBZ foreign debt is now US$4.8bn up by US$300m as of June. The terms of this debt are not known(eg interest rates), but essentially puts Zim in a debt trap. The losses at RBZ are now a multiple of the national budget (X10) at $284bn negative equity. Making MOF redundant.
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@baba_nyenyedzi
Tinashe
2 years
Anyone who understands anything about money laundering understands this is a very damning exposé. At the core is Zim gold. Cash is widely used by RBZ gold centres. The onus has been thrust upon RBZ to prove where they get the cash. Otherwise Zim gold will fall under sanctions.
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@baba_nyenyedzi
Tinashe
4 years
To become a $100bn economy from $14bn, Zim needs to do the following; (1) Bail out & HIPC (2)Political & institutional reforms & independence (3)Open market economics (4) Direct Diaspora ministry & investment protection (5) Single tax GOZ must never play favorites!!
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@baba_nyenyedzi
Tinashe
3 years
Zimbabwe imports US$6bn annually. The Auction in a year will allocate US$1.5-US$1.8bn. Less than 30% of the market. 30% of the market can’t be the basis of pricing in an economy. The real arbitrage is printing ZWL & buying subsidized USD. GOZ has the printing monopoly.
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@baba_nyenyedzi
Tinashe
2 years
GOZ new economic measures are a cause for concern. Banking in an economy is like water in a river. When the river is dry, the fish die. By stopping lending, GOZ has effectively stopped the economy. Expect all round shortages.
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@baba_nyenyedzi
Tinashe
1 year
Is it a coincidence that GOZ is on the offensive blaming business for the economic collapse, lying about fiscal discipline and never in any of their diatribes speaking about RBZ printing to support GOZ programs? Later in the week I will break the astounding numbers further.
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@baba_nyenyedzi
Tinashe
3 years
Zimbabwe’s GDP per capita is recorded at $71600 ZWL. At official exchange rate this is US$875. At its peak in 2013, it was US$1,400. Zimbabwe is moving backwards.
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@baba_nyenyedzi
Tinashe
1 year
Think about it. Farmers want to be paid in Dollars Miners want to be paid in Dollars The rural economy want to be paid in Dollars Exporters want to be paid in Dollars Financial sector want to be paid in Dollars Workers want to be paid in Dollars Pensioners want to be paid
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@baba_nyenyedzi
Tinashe
2 years
New season. And many firsts. It’s my birthday 🕺🏻💃🏻 The Chinese have a saying, “ hide your strengths & bide your time” I’m grateful to God for his mercies. My life is in the boardroom.
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@baba_nyenyedzi
Tinashe
2 years
A long time ago, the entire family outfits were exclusively from Truworths, or was it Edgars? I think it was Barbours? Anyway, it was a good time.
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@baba_nyenyedzi
Tinashe
1 year
A tale of two occasions. 🧵1/3 On the 24th of November 2017, I attended the inauguration of ED Mnangagwa after the coup. I honestly thought it was the beginning of an economic turn around. I believed the “Zimbabwe is open for business” narrative. The country was so close
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@baba_nyenyedzi
Tinashe
2 years
1/20 🧵 The economy in crisis Every family, company & indeed nation goes through an existential crisis. Often it all manifests in its economics. Economics is a manifestation of how well a society or organization is functioning. Rewarding & punishing decisions made by society.
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@baba_nyenyedzi
Tinashe
4 years
Real facts of the auction system (1) Gold exporters have not been paid (2) Importers invoices have accumulated a back log (3) Banks being forced to pay invoices. Surprisingly the auction is approving more bids, yet the money is not there. What kind of feja feja is this?
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@baba_nyenyedzi
Tinashe
2 years
🧵 1/24 Zimbabwe’s future will be decided by its creditors. The most significant political event to happen this week was the visit by AfDB president Akinwumi Adesina to Zimbabwe. Ostensibly to take the lead in Zim foreign debt clearance. Zim’s creditors are seriously worried
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@baba_nyenyedzi
Tinashe
1 year
There is a passage in Chinua Achebe’s book, no longer at ease, when Obie Okonkwo meets his people back from overseas, they point out how so much he looks like his grandfather…. Ndi Okonkwo ka, uyo, pachezvake. Or something to that effect. In many ways the older a man gets the
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@baba_nyenyedzi
Tinashe
2 years
On Saturday the President banned bank lending. A few days later the RBZ has given exemptions. So whom shall the market believe? Is the President going to have another press statement? All this, gives credibility to those that argue this was meant to embarrass the president.
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@baba_nyenyedzi
Tinashe
3 years
EAC has free movement of goods & people. Soon single currency The big news is that DRC which is part of SADC has decided to join EAC. The big question is why? The bigger question is why SADC remains a political grouping with zero progress in Economic cooperation & affairs.
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@baba_nyenyedzi
Tinashe
2 years
For the first time, I now doubt diaspora remittances numbers. Gold mafia exposé is filling up all the gaps in our numbers.
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@baba_nyenyedzi
Tinashe
2 years
Now I can finally understand why RBZ is very keen on ridiculous policies like surrender requirements, Fx auction, Fidelity and gold coins. If the market was liberalized the gold mafia would not exist.
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@baba_nyenyedzi
Tinashe
2 years
Zimbabwe has bigger problems than Zambia. Zimbabweans gladly accepted Afreximbank & Chinese loans at extortionists interest rates & covered by mineral resources as security. Very difficult to untangle in the future! We have no leg to stand on.
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@baba_nyenyedzi
Tinashe
4 years
The important question to ask is why a tax payer must assume a debt they will never benefit from. It’s not like Zimbabwe doesn’t know the new farmers. They never miss a chance to tell us. Whoever occupied farms must pay for it. The tax payer must never carry this burden.
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@baba_nyenyedzi
Tinashe
4 years
1/ 2017 vs 2020 Economics Whatever the many reasons for the coup. The aftermath has been an economic disaster. This is instructive, since Mugabe was a monumental failure in Economics. I wish to stick to economic facts &figures. I restrict myself exclusively to GOZ & RBZ stats
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@baba_nyenyedzi
Tinashe
4 years
With the arrest of Hopewell, has come an uncharacteristic silence of corruption stories & related media broadcast. It is quite obvious Hopewell was a champion for anti corruption. His absence is deafening.
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@baba_nyenyedzi
Tinashe
1 year
Just read the manifesto from CCC. I don’t agree with universal health care, free education and free examinations. It doesn’t work for rich nations and certainly won’t work for poor nations. What is required is affordable health and education. However, what is far reaching and
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@baba_nyenyedzi
Tinashe
2 years
One could be mistaken to think RBZ produces gold. It doesn’t. By selling Gold in ZWL means eventually the gold miner is prejudiced & must accept ZWL. Gold miners prefer USD cash. By the stroke of pen Gold deliveries will plummet & greater smuggling. So why is RBZ doing this?
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@baba_nyenyedzi
Tinashe
4 years
To imagine our patriotic farmers got farm inputs under command agriculture from 2016 to 2019 of over USD$4bn & only 25% ever paid back. In the same period Zim was a food importer. The farmers blame sanctions. Is it a coincidence that most politicians are farmers?
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@baba_nyenyedzi
Tinashe
2 years
Would the world end if the mbudzi interchange had not been worked on? If it remained the absolute pits that it was? Instead US$85m could’ve been used to recapitalize all the hospital & clinics in Zimbabwe. Which would win more votes? Why did GOZ choose one & forgo the other?
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@baba_nyenyedzi
Tinashe
2 years
Seems the rate has a mind of its own, it started the year at 210. It has now breached the worst end of year estimates of 750. Gold coins will make the situation worse NOT better.
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@baba_nyenyedzi
Tinashe
6 months
Monetary policy loopholes (a) Money supply increase of ZiG will come directly from export surrender. If we assume GoZ behaves and its 12.5% portion is funded directly from the ZiG it collects we can assume no money supply increase but merely a ZiG change of hands. But how is RBZ
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@baba_nyenyedzi
Tinashe
1 year
It’s dangerous for formal business to blame the informal sector for their woes. Informal sector is a direct result of monetary and economy wide mismanagement. Be brave and address the problem and not attack the small trader trying to eke out a living. Or don’t be brave and
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@baba_nyenyedzi
Tinashe
2 years
Why do you think most fuel stations insist on USD cash and not USD swipe?
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@baba_nyenyedzi
Tinashe
2 years
Hanzi Zim should adopt the Kwacha as the currency of choice 😅😅😅😅😂 This made my day. Never a dull moment. Good night!
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@baba_nyenyedzi
Tinashe
2 years
Not even one journalist or analyst has asked the RBZ governor how the RBZ is paying for the gold coins. How does RBZ sell gold at a 50% discount? The Auction eventually caused hyperinflation. So was it worth it? There is a deathly cost when RBZ thinks it produces gold & Fx.
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@baba_nyenyedzi
Tinashe
1 year
Zimbabwe is now the riskiest African country as well as the lowest return in Africa. According to the latest control risks and Oxford Economics report. Risk in Zimbabwe has progressively increased over the last three years. While return has reduced over the same period.
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@baba_nyenyedzi
Tinashe
3 years
THE ZIMBABWEAN CURSE: (1) Farmers want free land & free inputs (2) Politicians want free cars (3) Ministers want free lifestyle (4) Business want free Fx (5) Parents want free education & free health care (6) President wants free reign (7) Black business want free shares
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@baba_nyenyedzi
Tinashe
2 years
🧵1/20 Money supply now a trillion dollars As of May 2022 Zimbabwe’s money supply breached $1trillion dollars. 3yrs ago it was $10billion when the ZWL was introduced by GOZ, amidst promises of prudence & zero deficit financing. Money supply has gone up by 100X in 3yrs
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@baba_nyenyedzi
Tinashe
1 year
The questions Zimbabweans as a Nation don’t want to answer; The entire crop of civil servants in Kenya is 550k including teachers. In Zimbabwe, GOZ employs 500k civil servants. Kenya is an 8X larger economy. Professor Mthuli in his tenure has introduced more taxes than
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@baba_nyenyedzi
Tinashe
2 years
They start by justifying 10% corruption & by mere acquiescence it moves to 50%. When they say 50%, just know it’s already 75%. Makandiwa is merely a useful tool to sanitize corruption. Soon enough they’ll take everything. And by gun you’ll be grateful that they even exist.
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@baba_nyenyedzi
Tinashe
2 years
There was a time when artisanal miners walked into a banking hall, sold their gold and walked away with cash. The bank complied with all laws & regulations. Now we know why this was stopped.
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@baba_nyenyedzi
Tinashe
3 years
Zimbabwe has the most expensive fuel because of agriculture input subsidies. Farmers get inputs for free or don’t pay back their loans. These losses must be carried by the tax payer. The region doesn’t have Command Agriculture. I honestly thought this was obvious.
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@baba_nyenyedzi
Tinashe
1 year
Maybe the President doesn’t know that ZWL money supply increased by 322% in March 2023. It’s probably over 400% now. That’s the highest rate of money printing in the world. This is not velocity of money but printing machine on steroids.
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@baba_nyenyedzi
Tinashe
2 years
When May 7 interventions happened the rate was 400. Two months later the rate is 800. RBZ insists theirs is a tight monetary policy. What advice would you give GOZ if you had their ear?
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@baba_nyenyedzi
Tinashe
6 months
RBZ must defend ZiG on the open market and NOT arrest people
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@baba_nyenyedzi
Tinashe
2 years
We warned them about the 2015 debt assumption bill & they ignored us. Only for it to be a disaster. We warned them against bond notes. They didn’t listen. We warned them against command agriculture, they called us saboteurs
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@baba_nyenyedzi
Tinashe
1 year
@nickmangwana You’re not helping the situation perm sec. Banks are actually trying to avoid a run but for reasons known to you, you are inflaming the situation. The problem with propaganda here is that depositors have a right to their money. They’re not being irrational considering what has
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@baba_nyenyedzi
Tinashe
3 years
The way I was attacked, my IQ questioned, vitriol & trolling for simply stating the obvious that Zim is NOT an agriculture based economy! That over the decade, even with the best harvest Agric was now 9% ( 10 yr avg)of GDP. In 2020 it was worse. It was 7.6%. Lowest in a decade.
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@baba_nyenyedzi
Tinashe
1 year
As news filters that EU will be withdrawing from the Zim Debt arrears clearance and Debt restructuring process, we must pause for concern. It’s obvious that the government of Zimbabwe believes it can go it alone. But can it? What will happen if Zimbabwe starts defaulting on
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@baba_nyenyedzi
Tinashe
2 years
There is a lot of ignorance on how international trade occurs. That US$11.6bn transferred into Zim without hassle means there is no sanction against Zim. The RBZ is correct to respond to allegations of money laundering. Zim is a signatory of Vienna, Palermo & Merida conventions
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@baba_nyenyedzi
Tinashe
4 years
After listening to Gono, it’s safe to say Zimbabwe is in trouble. Nothing has changed, loans that are turned to handouts & written off by the same beneficiaries. Zimbabweans are an ignorant lot. The RBZ already has USD$4.5bn offshore debt. We all know what will happen.
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@baba_nyenyedzi
Tinashe
1 year
Why acquire so many farms and yet not be productive at all?
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@baba_nyenyedzi
Tinashe
2 years
Studying Economics for my first degree at the UZ. With Munya(RIP), we started a marketing research firm that employed students (10). With Plaxedes we jotted songs & sang our hearts out. Monica & Sam have been in love ever since. ⁦ @tmubvuma ⁩ ⁦ @brains_muchemwa
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@baba_nyenyedzi
Tinashe
2 years
Chiadzwa Diamond money visited a few individual pockets & most was pocketed in Harare, Dubai & China. The villagers are still wondering what happened? The same villagers will now pay for the mbudzi interchange in Harare. Most of the villagers have never been to Harare. 🤷🏾‍♂️
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@baba_nyenyedzi
Tinashe
2 years
Victor Utedzi is an Energy guru, having worked on 6,000 MW energy projects across Africa. Including as an IPP feeding into ZESA. He believes the energy crisis in Zim has to do with economic instability. If we solve the stability question both domestic & FDI will invest
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@baba_nyenyedzi
Tinashe
2 years
The first hyperinflation in recorded occurred under Roman Empire when the authorities tried to pull a fast one on the public by mixing gold with bronze. They got away with it at first until bronze became 90% and hyperinflation ensued. It’s not enough for RBZ to mint gold coins.
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@baba_nyenyedzi
Tinashe
3 years
Just in case you’re wondering how other countries are doing it, here is Ghana as a shining example of what to do. Let’s hope Zimbabwe, Zambia and Malawi can learn…
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@baba_nyenyedzi
Tinashe
1 year
Let cool heads prevail At the end of the 2023 harmonised elections process is an economy and livelihoods. For good measure the sustainance and future of the Zimbabwean economy is anchored on the promise that Zimbabwe made to uphold free, fair, peaceful and credible elections.
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@baba_nyenyedzi
Tinashe
11 days
@nickmangwana Did any of these countries have hyperinflation history? 3X in the last 20 years? A new currency every five years? Did their latest currency lose 50% of value in the last six months? Do they’ve a fixed Fx rate? Why are you speaking on issues that are the preserve of RBZ? 🤔
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@baba_nyenyedzi
Tinashe
3 years
@nickmangwana This is not true at all. Mining and Agriculture combined produce less than Manufacturing. And Manufacturing isn’t even number one. Number one is wholesale and retail trade. @nickmangwana can you set the record straight otherwise some kid will fail their Grade 7 exam.
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@baba_nyenyedzi
Tinashe
2 years
The dinosaurs had you believe that Agriculture was the highest gdp sector. This had been going on for years to justify the Makandiwa doctrine eg. Command Agriculture I received the most hate mail & trolling for calling out this lie by simply stating a fact.
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@baba_nyenyedzi
Tinashe
2 years
Zimbabweans will know the true cost of inflation when they retire. It won’t be kind.
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@baba_nyenyedzi
Tinashe
5 years
The Doctors in Zimbabwe have shown exceptional clarity of thought and fiduciary duty. It’s important to see the interrelatedness of things. Economics becomes political just as the political becomes economics. The Doctor’s fight is for the good of all Zimbabweans/1
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@baba_nyenyedzi
Tinashe
1 year
Gold backed digital currency. The RBZ is again off the tracks with another crazy idea. If RBZ believes in backing currency with gold why not back their own issued currency ZWL with gold 🤷🏾‍♂️ The PMR rate is now 1800 double the Jan rate in four months. Inflation spiraling out of
Tweet media one
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