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Treasury struggles to recover loans from ‘broke’ parastatals
Finance Minister Patrick ChinamasaTHE Ministry of Finance and Economic Development will go to all lengths possible to recover millions of dollars in loans extended to parastatals and state enterprises...
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Negative inflation persists as February CPI closes at -2,22 percent
Annual inflation has remained in negative territory since October 2014. THE country’s annual inflation for February shed 0,03 percentage points to -2,22 percent from the January rate of -2,19 percent...
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Forensic audit underway for “missing” US$15 billion diamonds – Chidhakwa
Mines and Mining Development Minister Walter ChidhakwaA FORENSIC audit is underway to establish the quantity and value of gems that Zimbabwe lost through leakages at the Chiadzwa diamond fields Mines...
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Depositors flee from banks
Finance Minister Patrick ChinamasaDEPOSITORS are moving from banks to informal savings groups, known in Shona as mukando, due to an erosion of confidence in the banking sector, the Financial Gazette...
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The demise of the ‘famous seven’
The ‘famous seven’ are accused of propping up a shadowy faction called ‘Team Lacoste’ that has been rallying behind Vice President Emmerson MnangagwaFOR months, Godfrey Tsenengamu, Godwin Gomwe, Vengai...
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James Mushore lands top Harare job
James MushoreBy Andrew Kunambura Staff ReporterFORMER NMBZ chief executive officer (CEO), James Mushore, has reportedly landed the position of town clerk for the City of Harare (CoH). The ex-banker,...
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Fertiliser firms hit crisis
Agriculture minister Joseph Made is amongst those who feel strongly that fertilisers should land in Zimbabwe cheaply to cushion farmers from high input costs as well as guaranteeing adequate supplies...
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Government loses US$5,4 million to vehicle insurance scam
Transport and Infrastructural Development Minister, Joram GumboGOVERNMENT is losing US$5,4 million annually to vehicle insurance scammers preying on two thirds of the country’s private and public...
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Zimbabwe’s hunger situation getting desperate
Many villagers across the country have planted two to four times, but all their efforts have come to naught.THE United Nations in Zimbabwe resident representative, Bishow Parajuli, came face to face...
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More heads could roll at NetOne after forensic audit
The forensic audit being spearheaded by the Comptroller and Auditor General is expected to take at least two months.THE board of Zimbabwe’s second largest mobile operator, NetOne, on Monday said it is...
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Pay back the money: government tells Mutare City managers
Local Government Minister Saviour KasukuwereGOVERNMENT has said Mutare City Council senior managers who are facing fraud and corruption allegations have to pay back the millions they allegedly siphoned...
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Cabinet decides against Indigenisation levy; directs ministries to cancel...
Indigenisation and Economic Empowerment Minister Patrick ZhuwaoCABINET has directed that from April 1, 2016 all line Ministries should proceed to issue orders to licencing authority to cancel licences...
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African women still marginalised
Standards Association of Zimbabwe CEO Eve GadzikwaBy Idah Mhetu THE majority of women in Africa are either full-time, unpaid housewives or engaged in low paying care work, especially in clinics and...
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Zimbabwe struggles with gender parity
Women Affairs, Gender and Community Development Minister Nyasha ChikwinyaAS Zimbabwe joined the rest of the world this year in commemorating the International Women’s Day marked under the theme “Pledge...
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Shuvai Mahofa wards off political vultures
Masvingo Provincial Affairs Minister Shuvai Mahofa MASVINGO — Despite not having fully recovered, Provincial Affairs Minister Shuvai Mahofa reportedly assumed duty simply because she feared losing her...
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Business, labour oppose health scheme
Minister of Health David Parirenyatwa By Alois Vinga ZIMBABWE’s business community and labour have dismissed government’s proposals to establish a National Health Insurance Scheme (NHIS), saying the...
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Fuel prices to rise
Zimbabwe Energy Regulatory Authority chief executive officer, Gloria MagomboTHE price of fuel is expected to skyrocket next week following a surge in international petroleum prices a fortnight ago. Oil...
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Life presidency in offing
Vice President Emmerson Mnangagwa…as constitutional changes loomTHE country is hurtling towards establishing a life presidency amid plans by ZANU-PF to amend its constitution as a precursor to the...
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Uebert Angel linked to world’s richest family
Prophet Uebert Angel with billionaire Nat RothschildSPECULATION surrounds the agenda of Uebert Angel’s meeting with the family thought to be controlling world economies. Angel who is said to be...
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James Mushore appointed Harare Town Clerk
James Mushore, has been appointed City of Harare Town Clerk with immediate effect.FORMER NMB Holdings chief executive officer, James Mushore, has been appointed City of Harare Town Clerk with immediate...
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