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Nicholas Goche’s humble tent
Nicholas GocheDURING his days in office, he commanded authority and respect, ruling with an iron fist in Mashonaland Central Province where he was the political godfather. Clad in expensive suits, he,...
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Starvation stalks 30 districts
Agriculture, Mechanisation and Irrigation Development Minister Joseph MadeCLOSE to one million Zimbabweans are in desperate need of food assistance as government and the international donor community...
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Zimbabwe’s fiscal deficit seen narrowing to 0,5 percent of GDP
Finance Minister Patrick ChinamasaZIMBABWE’S fiscal deficit is this year seen narrowing to below 0,5 percent of the country’s Gross Domestic Product (GDP) from 2,4 percent recorded in 2014 on improved...
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Zanu PF Masvingo acting chair booted out
ZANU PF Masvingo Province passed a vote of no confidence on the party’s acting chairman,Paradzai Chakona at a provincial executive committee meeting held on Friday over a number of allegations that...
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Zimpapers republishes financial results
Delma LupepeZIMBABWE Newspapers (Zimpapers) , recorded a US$1,9 million net profit for the half year to June 30, 2015, as it republished its results citing a material tax error in its initial financial...
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Industry capacity utilisation down to 34,3 percent
Confederation of Zimbabwe Industries President Busisa MoyoTHE Confederation of Zimbabwe Industries (CZI) said on Wednesday manufacturing industry’s capacity utilisation has dropped by 2,2 percentage...
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Govt takes over US$115m power debt
Energy and Power Development Minister, Samuel UndengeGOVERNMENT has finally taken over the interest component on a Federation-era debt to Zambia, which had ballooned to US$114,8 million, the Financial...
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Industry captains dodge ZIMRA
RBZ governor, John MangudyaTHE Reserve Bank of Zimbabwe (RBZ) yesterday made shocking revelations that company executives were diverting earnings to individual accounts to dodge the tax collector. RBZ...
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Manufacturing sector capacity utilisation shrinks
Confederation of Zimbabwe Industries President Busisa MoyoA CONFEDERATION of Zimbabwe Industries (CZI) 2015 Manufacturing Sector Survey yesterday indicated that capacity utilisation within the...
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Relief for Zim students in SA
South Africa’s President Jacob ZumaZIMBABWEAN students studying at South African universities are breathing a sigh of relief after President Jacob Zuma ruled out any increase in tuition fees for next...
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More sink under debts
Former Zimbabwe Broadcasting Corporation chief executive, Happison MuchechetereAS the economic climate in Zimbabwe gets more unforgiving, a number of prominent citizens are failing to service their...
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ZESA choked by US$1bn debt
ZESA’s current assets stood at US$598,5 million while its current liabilities totalled US$1,2 billionPOWER utility ZESA Holdings, which extended its losses by about 900 percent during the year to...
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Average Zimbabwean living on US$3,24/day
RBZ Governor Dr John Mangudya talks to Finance Minister Patrick ChinamasaTHE average Zimbabwean lived on US$3,24 a day in September, according to the latest national datum lines from Zimbabwe national...
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Zim, India seal US$87 million power deal
Finance and Economic Development Minister Patrick Chinamasa ZIMBABWE has signed a US$87 million credit facility with the Export-Import Bank of India to fund the upgrading of one of its key power...
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Fresh twist to flyAfrica.com crisis
flyAfrica had extended its route network to Namibia after starting off with the Harare- Johannesburg and Harare-Victoria Falls routes.IN a fresh twist to the troubles rocking flyAfrica.com, a top...
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Chiyangwa fails to say what FIFA stands for, goes ballistic
Phillip ChiyangwaZIMBABWE Football Association (ZIFA) presidential aspirant Phillip Chiyangwa does not know what the abbreviations FIFA and COSAFA stand for.Chiyangwa displayed his ignorance when he...
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Legislature’s oversight role flawed
Parliament of ZimbabweIN 2006, one of the biggest scandals to ever rock a Zimbabwean government spilled into Parliament. It was the case of high-level fraud and corruption in which senior government...
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Harare City Council budget beggars belief
Harare mayor, Bernard ManyenyeniTHE struggling Harare City Council (HCC) recently passed its 2016 budget without any discussion, amendment or dissent. Serve for a few protests in the form of press...
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Corruption undermining economy: NECF
Reserve Bank of Zimbabwe lost the ability to implement monetary policy apart from its peg to international currencies.CORRUPTION, policy instability and bureaucracy have been cited among factors...
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Another Supreme Court victory for employers
Supreme Court of ZimbabweTHE Supreme Court has ruled that employers have a right at common law to single out an employee for dismissal even in cases where several other workers are guilty of the same...
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