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Zimbabwe’s fuel prices unrelenting
Energy and Power Development, Minister Samuel UndengeDESPITE international oil prices dropping significantly in recent weeks, the country’s retailers have only marginally reduced their prices,...
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Barclays deal under threat
Barclays Bank Zimbabwe…Executives seek govt interventionBy Shame Makoshori and Paul NyakazeyaGROUP of Barclays Bank Zimbabwe workers were yesterday preparing to lobby government to block the bank’s...
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RBZ says Barclays deal complies with indigenisation policy
Reserve Bank of Zimbabwe governor, John MangudyaZIMBABWE’S central bank said Monday it is currently processing Barclays’ application to sell 68 percent of its shareholding in the Zimbabwe unit to...
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Government spends millions on cars, thousands on health
President Robert MugabePRESIDENT Robert Mugabe’s government spent nearly US$8 million on cars for ministers and government departments in the first three months of 2017, while committing a little over...
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Avian flu outbreak threatens poultry industry
Irvine’s lost 140 000 chickens following an outbreak of avian influenza at its Lanark Farm.… SADC countries ban Zim exportsIN just one week, one of southern Africa’s biggest poultry producers, Irvine’s...
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Government spending to intensify ahead of 2018 elections
Minister of Finance and Economic Development, Patrick ChinamasaPRESIDENT Robert Mugabe’s government overspent by US$183,2 million during the first quarter of this year, sending a clear signal it may...
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Foreign banks tighten screws on Zimbabwe
Minister of Mines, and Mining Development, Walter ChidhakwaFOREIGN banks are demanding fully funded letters of credit (LoCs) from domestic banks meant to facilitate vital imports by customers due to a...
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ZRP roadblocks rake in US$60 million
The Zimbabwe Republic Police (ZRP) expects to collect nearly US$60 million from traffic fines this year, nearly double last year’s projection, according to Parliament’s budget oversight office.THE...
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NSSA consolidates insurance portfolio with FML, NicozDiamond deal
NSSA consolidates insurance firmsSTATE-run pension fund, National Social Security Authority (NSSA) has moved to consolidate its insurance portfolio via a deal which will see First Mutual Limited (FML)...
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Zimbabwe plans green-energy fund to boost renewables production
Electricity is available to about 40 percent of Zimbabweans, mainly in urban areas, with solar power providing just four percent of all power.ZIMBABWE plans a green-energy fund to promote the use of...
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Zimbabwe must make tough decisions: WB
Zimbabwe’s growth prospects continue to dim due to enormous public financing requirements which have placed extra pressure on the financial sector.ZIMBABWE has to address fiscal imbalances that have...
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Farmers sold dummy
Minister of Finance and Economic Development, Patrick Chinamasa… as banks reject 99-year leasesBANKS continue to reject 99-year leases handed to landholders resettled on properties previously owned by...
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Zim motorists’ unending nightmare
The Zimbabwe Republic Police is expected to collect $60 million from traffic fines this year.VIDEOS and images circulating on social media which routinely go viral dramatise how the police and badly...
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Zimbabweans hold $1bn in offshore accounts
Zimbabweans hold $1bn in offshore accountsA Parliamentary organ on the national budget has raised concern over a spike in cash held by Zimbabweans in offshore bank accounts, which escalated to nearly...
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Government rips off motorists
Energy and Power Development, Minister Samuel UndengeGOVERNMENT raised nearly $200 million between 2013 and 2016 from a National Oil Company of Zimbabwe (Noczim) debt redemption levy, enough to pay off...
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Parastatals ignored tender procedures in deals worth millions: AG
Auditor General, Mildred ChiriFOUR state enterprises and parastatals (SEPs) flouted tender procedures when procuring millions worth of goods and services, according to the Auditor General, Mildred...
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Zimbabwe may clear $1,7 billion arrears in 2018, Bank says
Finance and Economic Development Minister Patrick Chinamasa and the Reserve Bank of Zimbabwe governor, John MangudyaZIMBABWE may be able to clear $1,7 billion of interest and penalties it owes...
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FMB meets Mangudya over Barclays takeover
FMB group managing director, Dheeraj DikshitFIRST Merchant Bank (FMB) chief executive officer, Dheeraj Dikshit, yesterday met central bank governor, John Mangudya (pictured), over compliance issues...
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Government splurges $1billion on planes
A company with the name Zimbabwe Airways is registered at the companies registry in Harare, but its file 3015/12, could not be located.By Shame Makoshori and Andrew KunamburaZIMBABWE’S cash-strapped...
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ZANU-PF government undermines Parliament
Local Government, Public Works and National Housing Minister Saviour KasukuwereIN July last year, Local Government and Public Works Minister, Saviour Kasukuwere, railroaded the Local Government...
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