Accordingly, the Mid-Term Monetary Policy Statement highlights the recent developments in monetary, external and banking sectors as well as policy measures the bank is implementing in pursuit of price, exchange rate and financial system stability, which are the key mandates of the RBZ.

It also proposed an adjustment of the tax bands to end at ZW$12 million (US$27 335) from the current ZW$6 million (US$13 667) per annum as well as a tax-free bonus threshold from ZW$100 000 (US$228) to ZW$500 000 (US$1 139), with effect from November.

Over 60% of the government’s total revenue is realised through multinational companies’ (MNCs) tax obligations with as much as 50% of the normal withholding tax rate scraped off from abused double taxation agreements. Policies around MNCs taxation and foreign direct investments incentives sway towards resident country profit-making than source country development and productivity.

“If American missile systems can nearly reach Moscow from Ukrainian territory, it’s time for Russia to roll out something powerful closer to the American ‘city on a hill’,” said Olga Skabeyeva on the news show on Rossiya-1, the most popular Russian TV channel.

From politics, to law, to economics, to our social way of doing life, we all fed from Magaisa’s hands. We should all pay tuition to Dr Magaisa, his Twitter followers would say — a firm recognition that he was the public teacher. Others named him The Bishop, for his teachings.

This comes at a time when the government used about US$270 million for the 2018 elections in 210 constituencies. With the elections slated for 2023, it means an estimated US$270 million can be gobbled by elections, depending with the number of constituencies after the delimitation process.