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Chinamasa engages IMF at US meeting

17 April 2015 | 1646 Views
Finance minister Patrick Chinamasa is in Washington DC to attend the IMF's 2015 spring meeting which begins today and ends on Sunday hoping to use the forum to engage multilateral lending institut...
by Staff reporter

Chinamasa urged to reduce wage bill than scrapping bonuses

16 April 2015 | 2872 Views
Zanu PF youth member and empowerment activist Fidelis Fengu has challenged finance minister and party's secretary for legal affairs Patrick Chinamasa to reverse the scrapping of bonuses but opt fo...
by Stephen Jakes

China's Defence Minister arrives in Zimbabwe

26 March 2015 | 1411 Views
China's State Councillor and Defence Minister General Chang Wanquan arrived in Harare yesterday to operationalise the implementation of mega deals signed during President Mugabe's 13th State visit to ...
by Staff reporter

Civil service job cuts

25 March 2015 | 4099 Views
THE government has tasked the Ministry of Finance to coordinate efforts to reduce its huge wage bill currently gobbling up more than 80 percent of the National Budget and a head count of personnel and...
by Lovemore Mataire

Germany invites Zimbabwe delegation to Berlin for debt talks

24 March 2015 | 1918 Views
The Government will send a technical team to Germany in the near future to discuss the country's debt to the European country and ways on resolving it.The country owes international financial ...
by Rumbidzai Zinyuke

Chinamasa tell IMF govt will compensate white farmers - Zanu PF thugs benefited, so they should pay!

18 March 2015 | 5052 Views
Finance Minister, Patrick Chinamasa, told the IMF that Zimbabwe will compensate the white farmers who lost their farms in the chaotic, violent and totally disastrous farm seizures of the last 15 yea...
by Wilbert Mukori

Chinese leader Xi Jinping coming to Zimbabwe

13 March 2015 | 2368 Views
Chinese President Xi Jinping could visit Zimbabwe before year end as the two countries continue high-level engagements which the southern African country hopes will lead to the signing and implem...
by Staff reporter

Bloated payroll a result of GNU, says Chinamasa

13 March 2015 | 1585 Views
The Constitutional amendments proposal to trim a bloated public payroll through streamlining certain Government departments was meant to provoke national debate, Finance and Economic Development Minis...
by Zvamaida Murwira

The bloated legislature is not sustainable in the country

12 March 2015 | 1101 Views
The proposal by the Minister of Finance and Economic Development, Cde Patrick Chinamasa, that the number of parliamentarians in the country should be reduced, as a way of reducing financial pressu...
by John Mukumbo

Biti won't back Chinamasa's plan to reduce public sector wage bill

11 March 2015 | 2201 Views
THE MDC Renewal party says it will not support planned constitutional changes aimed at reducing the public sector wage bill, insisting that the government is concentrating on dealing with symptoms not...
by Pamela Shumba

Zimbabwe to compensate white commercial farmers

10 March 2015 | 4067 Views
White commercial farmers who lost land during a program of violent seizures that began in 2000 will compensated for improvements to the properties when the country has funds available, Finance Minist...
by Staff reporter

Chinamasa should spare us his kindergarten economics

09 March 2015 | 2059 Views
When MDC President  Morgan Tsvangirai told his supporters in Highfield on Saturday that Zanu (PF) no longer has capacity to resolve the current crisis in Zimbabwe he had not read Patrick Chi...
by MDC-T-UK and Ireland - Makusha Mugabe, Spokesman

Zimbabwe crafts debt repayment plan

09 March 2015 | 2331 Views
Zimbabwe urgently needs to come up with a solid debt repayment strategy to settle ballooning debts to international creditors.Finance Minister Patrick Chinamasa  is quoited by Daily News ...
by Thobekile Zhou

Mujuru allies purge condemned

09 March 2015 | 2102 Views
ZANU-PF secretary for legal affairs Patrick Chinamasa has urged the Bulawayo province to unite and shun factionalism as the party embarks on its countrywide restructuring programme in preparation for ...
by Pamela Shumba

No more cash from Chiadzwa, says Chinamasa

06 March 2015 | 4464 Views
Government is no longer getting anything from Chiadzwa as the field has run out of alluvial diamonds, Finance Minister Patrick Chinamasa has said. Responding to a question from James Marid...
by Staff reporter

Marange 'diamonds are finished' lied Chinamasa dismissively reminiscent of Animal Farm

06 March 2015 | 2055 Views
Finance Minister Patrick Chinamasa lied to parliament about there being no more diamonds in Marange."Alluvial diamonds are finished and most of the companies we gave the right to mine there h...
by Wilbert Mukori

Kiya kiya Chinamasa to reschedule government debt repayments but for how much longer!

27 February 2015 | 4064 Views
The hard-up Zimbabwe government, "which has resorted to domestic borrowings to support its budget, is struggling to repay and is scrambling to reschedule some of the debt as it fal...
by Wilbert Mukori

AfDB offers to mediate between west and Zimbabwe

23 February 2015 | 3669 Views
A DELEGATION from the African Development Bank (AfDB) has said Zimbabwe should intensify the re-engagement process with the international community if it is to get the much needed foreign direct inves...
by Staff Reporter

Chinese deals a double-edged sword

20 February 2015 | 1554 Views
Recent revelations that Chinese companies are fleecing Zimbabwean parastatals by among other malpractices, charging exorbitant fees in the implementation of agreed projects only serves to highlight th...
by Staff reporter

Striking University Lecturers met Chinamasa, did they demand an end to corruption

18 February 2015 | 3659 Views
In the mid-1990s  I had the opportunity to meet the leading Trade Union leader (it will be not be necessary to name him). Gone were the ease years of the 1980s when on the then Prime Minister Ro...
by Wilbert Mukori

Chinamasa tears into EU

17 February 2015 | 2205 Views
Finance minister, Patrick Chinamasa, yesterday criticised the European Union (EU) for the travel ban on President Robert Mugabe and wife, Grace, as the trading bloc signed off a $270 million aid deal...
by Staff reporter

'Mnangagwa and Chinamasa misleading Mugabe'

14 February 2015 | 5933 Views
Former Zanu-PF spokesman Rugare Gumbo, who was expelled from the ruling party last year, has charged that Vice President Emmerson Mnangagwa and Finance Minister Patrick Chinamasa, both lawyers, are mi...
by Blessing Zulu

Chinamasa to meet striking lecturers

12 February 2015 | 3063 Views
The Government has bowed to pressure from student unions and set Monday as the date to meet striking State Universities' lecturers in a bid to convince them to return to work. A high powered d...
by Mafu Suthabile

Human-like piglet born with penis on its forehead

10 February 2015 | 8397 Views
A deformed piglet with a human-like face and a penis on its forehead has been born in China, a farmer has claimed.Tao Lu, from southern China, said the strange piglet even survived his birth, ...
by Staff Reporter

High powered Chinese delegation arrives

09 February 2015 | 1518 Views
A Chinese Government delegation led by the country's State Councillor Yang Jiechi, arrived in Harare last night to discuss the implementation of the mega deals signed by President Mugabe and his coun...
by Daniel Nemukuyu

Court cannot save Mutasa

08 February 2015 | 3287 Views
Zanu-PF members facing disciplinary action are wasting their time by seeking court and external adjudication as the revolutionary party has clearly laid-down channels to deal with its internal issue...
by Staff reporter

President Xi Jinping's deputy expected in Zimbabwe

08 February 2015 | 1196 Views
A high-powered Chinese government delegation led by Deputy Premier Yang Jiechi arrives in Zimbabwe today to discuss implementation of deals signed by President Mugabe and his counterpart, President Xi...
by Staff reporter

Mujuru, allies wasting time on reinstatement says Chinamasa

08 February 2015 | 2280 Views
Zanu-PF members facing disciplinary action are wasting their time by seeking court and external adjudication as the revolutionary party has clearly laid down channels to deal with its internal issues,...
by Brian Chitemba

MP's Must Reject Chinamasa's Shocking Irresponsibility

07 February 2015 | 2137 Views
The MDC-T UK hereby registers our shock at the ZANU's government's proposal that the nation should take on a $1,2 billion Reserve Bank debt which includes $200 million dished out to Zanu (PF) bosses...
by Tonderai Samanyanga, MDC-T UK chairman

'Close all doors on Didymus Mutasa,' says Chinamasa

06 February 2015 | 4021 Views
ZANU-PF national secretary for legal affairs, Patrick Chinamasa, has urged the people of Manicaland to reject any moves by Didymus Mutasa to use the province as a launch pad for any political activiti...
by Cletus Mushanawani

Govt has no jurisdiction over Zifa - Chinamasa

05 February 2015 | 1246 Views
Leader of Government Business in Parliament Patrick Chinamasa has said the State has no role in the running of the Zimbabwe Football Association (Zifa) amid heightened calls for organisation's chairpe...
by Bhebhe Mandla

Zimbabwe to keep 15% export tax on unrefined platinum

03 February 2015 | 2892 Views
Zimbabwe will keep a 15% export tax on unrefined platinum for now because mines have failed to provide a roadmap on how they plan to set up a local refinery, Finance Minister Patrick Chinamasa sai...
by Reuters

'Gono saved Zimbabwe,' says Chinamasa

03 February 2015 | 1989 Views
Finance minister Patrick Chinamasa yesterday defended former Reserve Bank of Zimbabwe (RBZ) governor Gideon Gono's quasi-fiscal activities, saying the interventions were necessary to save the economy...
by Staff reporter

Truck full of cats seized in China

28 January 2015 | 3266 Views
Hanoi - Police in Hanoi have seized a truck carrying over a ton of cats smuggled from China to sell to restaurants in northern Vietnam, authorities said on Wednesday."After receiving a tip...
by Sapa

China seeking the secondment of its officials to key Zim parastatals

23 January 2015 | 5165 Views
The Chinese government is seeking the secondment of its officials to key Zimbabwe parastatals to ensure that Chinese loans for government projects are not lost to "leakages", it emerged this week....
by Staff reporter

'Zimbabwe needs more entrepreneurs,' says Chinamasa

22 January 2015 | 2901 Views
The Zimbabwean economy is in desperate need of entrepreneurs who take the lead in securing foreign investment that will help their companies recover from the effects of the liquidity challenges faced...
by Rumbidzayi Zinyuke

ZBC open to Chinese investors

22 January 2015 | 4814 Views
The successful negotiation of a $280 million network expansion deal signed between Zimbabwe and China last year on behalf of state owned mobile network, NetOne, is expected to open avenues for o...
by Staff reporter

Government slashes 2015 expenditure budget

20 January 2015 | 1612 Views
Government has slashed its 2015 expenditure budget from the $4,1 billion announced by Finance minister Patrick Chinamasa late last year to $3,5 billion. This was announced in a recent Gove...
by Staff reporter

Minister Chinamasa must be applauded

19 January 2015 | 3427 Views
Despite financial constraints facing the nation presently, I give my credence and great honour to the Finance and Economic Development Minister, Comrade Patrick Chinamasa for working tirelessly in str...
by Peacemaker Zano

Zimbabwe to scrap visas for Russia and Chinese nationals

18 January 2015 | 1707 Views
Government will soon scrap visas for Russian and Chinese nationals as part of efforts to encourage economic co-operation, Acting President Emmerson Mnangagwa has said.Addressing Zanu-PF suppor...
by Munyaradzi Musiiwa

Chinamasa increases duty on fuel

15 January 2015 | 4567 Views
Government has increased duty on fuel as means of raising revenue against the backdrop of a thinning tax base. Finance Minister Patrick Chinamasa yesterday gazetted the increase with...
by Staff reporter

Woman chops off cheating hubby's manhood twice

15 January 2015 | 6870 Views
A 30-year-old woman from Shangqiu, China's Henan province cut off her cheating husband's manhood and then sneaked back into hospital to remove it for a second time.She allegedly flew into a r...
by Staff Reporter

Bitter Chiefs confront Chinamasa over their perks

15 January 2015 | 4243 Views
Chiefs have vowed to take all necessary measures to confront President Robert Mugabe's administration after government failed to review their perks. This comes after the Zanu-PF leader ass...
by Staff reporter

Zimbabwe faces tough 2015

30 December 2014 | 3226 Views
HARARE - Zimbabweans face a 2015 as the country's economic prospects are likely to continue waning in the new year, economic analysts have warned.This comes as a huge number of companies have ...
by Staff Reporter

Government to revamp Nssa Act

30 December 2014 | 3500 Views
HARARE - Government plans to revamp the National Social Security Authority (Nssa) Act by reviewing certain aspects stipulating how investments will be undertaken using pension funds.Financ...
by Staff Reporter

China pledges to continue ensuring development assistance to Zim

26 December 2014 | 1486 Views
China says the Asian nation will continue ensuring development assistance to Zimbabwe in two priority areas of agriculture and education.With Beijing's engagement with Harare continuously ...
by Staff Reporter

We are not mortgaging minerals says Chinamasa

21 December 2014 | 3665 Views
Government does not intend to use the country's minerals as security for any loans it might acquire, a Cabinet Minister has said. There has been speculation that Zimbabwe was planning or might ha...
by Staff Reporter

Chinamasa clueless

20 December 2014 | 4341 Views
FINANCE Minister Patrick Chinamasa yesterday disclosed to Senate he had no idea how he was going to cut the wage bill gobbling 85% of the country's National Budget.His disclosure came as Senat...
by Staff Reporter

China begins secret underground airbase construction in Zimbabwe - Report

16 December 2014 | 7782 Views
COLOGNE/ HARARE - China has now reportedly began construction work of a state of the art underground military airbase, in the diamond rich Marange fields in eastern Zimbabwe, The Telescope News r...
by Itai Mushekwe/ Mary-Kate Kahari

Parliament resumes sitting

16 December 2014 | 1348 Views
Parliament resumes sitting today following a month long break, with debate on the 2015 National Budget presented by Finance and Economic Development Minister Patrick Chinamasa expected to take cen...
by staff reporter

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