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Chinese President praises Zimbabwe

30 November 2015 | 396 Views
Chinese President Xi Jinping praised Zimbabwe's visionary and strategic choice to become Beijing's "good partner, good friend, good brother" in Africa as he prepared to jet off on his first state visi...
by Staff reporter

China pushes for deeper engagement with Africa

30 November 2015 | 197 Views
Chinese President Xi Jinping and his African counterparts will have much to celebrate at the upcoming Forum on China-Africa Cooperation in Johannesburg, South Africa this week. When the forum was firs...
by Staff reporter

Chinamasa's national budget a damp squib- MDC

29 November 2015 | 775 Views
 The MDC has dismissed the 2016 National Budget presentation by Finance Minister Patrick Chinamasa today as a damp squib which provides no hope for the millions of suffering Zimbabweans.I...
by Stephen Jakes

Second-hand car import volumes plummet

29 November 2015 | 2200 Views
SECOND-HAND motor vehicle imports have plunged by about 70 percent over the past five years, a development economic analysts have attributed to a number of factors, chief being increases in customs du...
by Staff reporter

Chinamasa's budget a damp squib

27 November 2015 | 1395 Views
The MDC is gravely concerned that the 2016 national budget has not put in place a substantive programme to resuscitate the ailing economy.The poor budget statement does not indicate the willin...
by Webber Chinyadza

Special 5 % excise duty on second hand cars announced

27 November 2015 | 4097 Views
Finance minister Patrick Chinamasa has proposed a raft of new measures on excise duty on second hand motor vehicles in a bid to promote transparency in the determination of excise duty.The mea...
by Thobekile Zhou

Chinamasa hikes traffic fines

27 November 2015 | 5687 Views
Motorists are in for a fix as they now face being fined $100 for 'entering' a red traffic light.That is a massive hike from $20.The proposed new fines are with effect from 1 January 20...
by Thobekile Zhou

2016 Economic Growth possible

27 November 2015 | 874 Views
Zimbabwe is able to resuscitate its economy in the coming year. It is worrisome that analysts were denouncing the 2.7 percent economic growth that came out in the budget strategy paper that was prepar...
by Chido Chikuni

Security ministries gets lion's share from Chinamasa's budget

27 November 2015 | 1525 Views
SECURITY ministries received some of the biggest allocations in the 2016 budget votes outside the Education ministries despite a marked shift in social spending, statistics show.According to t...
by Staff reporter

Cabinet approves civil service cut

27 November 2015 | 3465 Views
Finance minister Patrick Chinamasa yesterday hinted that government would drastically reduce the civil service, as it seeks to save $170 million a year, saying this had been approved by the Cabine...
by Staff reporter

Chinese firms scramble for Zimbabwe infrastructure projects

27 November 2015 | 1552 Views
Transport minister Joram Gumbo says various Chinese firms have expressed interests to partner with government in the implementation of major infrastructure deals in the country. This comes...
by Staff reporter

Chinamasa unveils $4 billion budget with a deficit

26 November 2015 | 3165 Views
Finance and Economic Development Minister, Patrick Chinamasa, has presented a $4 billion budget at Parliament Building this afternoon, with emphasis on the need to maximise revenue collections, plug b...
by Staff reporter

Churches to be taxed from January next year

21 November 2015 | 2117 Views
THE Zimbabwe Revenue Authority (Zimra) will start taxing churches' income derived from trade or investments from January next year. Changes to the Income Tax Act that have been brought a...
by Clemence Manyukwe

Patrick Chinamasa Correct on possible shutting down of Parastatals

12 November 2015 | 2844 Views
The call by the Finance Minister, Patrick Chinamasa, to dump no-performing parastatals as an unnecessary burden to the Government is a prudent idea which can save the fiscus. Most of these entities ha...
by Suitable Kajau

Zimbabwe focuses on debt repayment

10 November 2015 | 1189 Views
Government will use its funding facilities from regional and international financial institutions to clear its foreign debt, Finance and Economic Development Minister Patrick Chinamasa has said....
by Lloyd Gumbo

'Chinamasa admitted' sanctions are NOT the cause of Zim economic meltdown said US Ambassador!

05 November 2015 | 3463 Views
The American government imposed targeted sanctions against Mugabe and a select few in his inner circle for the regime's bad human rights record and failure to hold free elections. I applaud the succes...
by Wilbert Mukori

Zimbabwe govt to fire thousands

27 October 2015 | 5140 Views
Despite public protestations to the contrary, President Robert Mugabe's cash-strapped government is moving with speed to identify and retrench tens of thousands of civil servants in a bid to contain i...
by Staff reporter

Mugabe's govt sends lion and lioness to China as 'state gifts'

22 October 2015 | 3219 Views
China's state Xinhua news agency has announced that the Asian country has received two lions from the southern African country.In a clip posted to its official NewChina TV YouTube channel...
by Staff reporter

China unveils international payment system

13 October 2015 | 3896 Views
ZIMBABWE stands to benefit from China's introduction of an International Payment System as it will cushion the country and Zimbabwean firms from the seizure of their revenue by the United States' Offi...
by Lloyd Gumbo

Zimbabwe debt clearance plan approved

09 October 2015 | 3186 Views
Zimbabwe's plans to clear $1,8 billion arrears to three preferred creditors was approved on Thursday on the sidelines of the International Monetary Fund (IMF)/...
by Staff reporter

Zanu-PF hawks after Chinamasa

09 October 2015 | 4426 Views
Finance minister Patrick Chinamasa is on the firing line over his secretive arrears clearance strategy presented to three multilateral creditors in Lima, Peru.Hardliners in Zanu PF are opposin...
by Staff Reporter

Chinamasa reneges on promise to cut civil servant wage bill - regime has lost the will to end crisis!

05 October 2015 | 2553 Views
"We're not going to be chasing away or sacking anyone. I don't know where that is coming from, but if you are a ghost worker, then you are not there. You should not be receiving a salary because you a...
by Wilbert Mukori

Civil servants spared job cuts

03 October 2015 | 2320 Views
The government has no plans to retrench its employees but intends to reduce the civil service wage bill through growing the economy, Finance and Economic Development Minister Patrick Chinamasa assured...
by Lloyd Gumbo

Zimra to name, shame tax evaders

01 October 2015 | 1161 Views
The Zimbabwe Revenue Authority will name and shame tax evaders, as Government seeks to increase efficiency and effectiveness in tax collection. Members of the National Assembly approved the proposal o...
by Lloyd Gumbo

EU injects €89m into Zimbabwe

28 September 2015 | 2155 Views
The government and the European Union (EU) have signed five financial agreements to the tune of €(Euros)89 million.The agreements have been signed under the 11th European Development Fund (E...
by staff reporter

Second-hand clothes traders defy ban

27 September 2015 | 2144 Views
TWO months after Finance minister Patrick Chinamasa announced a ban on the sale of second-hand clothes, business is still thriving at Mupedzanhamo market in Mbare and several city flea markets where s...
by Staff reporter

Govt mulls new tax regime

24 September 2015 | 1554 Views
Government will in 2016 consider proposals to put in place a new simplified tax regime that will involve the setting up of a consolidated revenue fund, CRF, Finance Minister Patrick Chinamasa told...
by Staff reporter

WATCH: How Chinese kill and prepare mbeva for a meal

23 September 2015 | 3872 Views
WATCH: How Chinese kill and prepare mbeva for a meal
by youtube

Jonathan Moyo demands textbook duty removal

23 September 2015 | 1772 Views
Treasury has been called upon to reverse the recently-introduced 40 percent import duty on textbooks as this restricts access to learning materials, Higher and Tertiary Education, Science and Technolo...
by Nyemudzai Kakore

Zimbabwe prioritizing energy cooperation with China

22 September 2015 | 1506 Views
Zimbabwe is prioritizing energy cooperation with China to plug energy shortfalls that have affected economic growth, Finance Minister Patrick Chinamasa said Monday.The minister made the remark...
by Xinhua

Mutsvangwa accuses Chinamasa of trying to topple Mugabe

18 September 2015 | 7517 Views
War Veterans Minister Chris Mutsvangwa, has reportedly hit out at a fellow cabinet minister, accusing him of working with the West to try and topple President Robert Mugabe.This comes a fe...
by Staff reporter

We owe IMF 'huge amounts of money' Chinamasa reprimands errand Mutsvangwa at IMF meeting

18 September 2015 | 6869 Views
"We owe countries and international financial institutions huge amounts of money, hence we should not politicize the situation," said Minister Patrick Chinamasa. The Minister was reprimanding ...
by Wilbert Mukori

Mugabe invites China's Xi Jinping to Zimbabwe

18 September 2015 | 1834 Views
PRESIDENT Mugabe has invited China's president Xi Jinping to visit Zimbabwe. This was said by outgoing Chinese ambassador to Zimbabwe Mr Lin Lin yesterday after paying a courtesy call on President Mug...
by Farirai Machivenyika

Chinamasa castigates fellow ministers

11 September 2015 | 1787 Views
Patrick Chinamasa Finance minister on Thursday said the International Monetary Fund (IMF) was not imposing its policies on Zimbabwe, adding that discussions under the Staff-Monitored Programme hav...
by Staff reporter

IMF, Zimbabwe discuss debt repayment

08 September 2015 | 2566 Views
International Monetary Fund (IMF) Executive Director for Africa, Ms Chileshe Kapwepwe is in the country for meetings centred on Zimbabwe's debt repayment strategies as well as Zimbabwe's economic poli...
by Staff Reporter

China slowdown won't affect big Zimbabwe projects, says Chinamasa

07 September 2015 | 1598 Views
China's economic slowdown would not affect investment its firms or the funding of infrastructure projects such as roads and power stations Zimbabwe, finance minister Patrick Chinamasa has said....
by Agencies

WATCH: Chinese car sales on the rise in Zimbabwe

07 September 2015 | 3207 Views
Zimbabwe's efforts to increase economic links with China have led to a jump in sales of Chinese vehicles. They're so popular, they're overtaking even the more established international brands. ...

Chinese man in $20 million externalisation charge

02 September 2015 | 2054 Views
A Chinese man appeared in court on Tuesday charged with externalising $20 million earned from lint exports.Ju Wenbin (47) also faces three fraud charges after he allegedly swindled a local bus...
by Daniel Kachere

Treasury to probe AG's findings

01 September 2015 | 2316 Views
THE Minister of Finance and Economic Development, Patrick Chinamasa, has said plans are underway to set up a team of inquiry on the findings released by the Auditor-General's Office last month which w...
by Staff Reporter

Give us money, Chinamasa pleads with World Bank

28 August 2015 | 744 Views
Patrick Chinamasa Finance and Economic Development minister has pleaded for a cash bailout from the World Bank to enable Harare to clear its debts and catch up with the rest of the world. ...
by Staff reporter

Chinamasa must go back to Justice ministry, Kasukuwere must take over finance ministry - Zanu PF activist

26 August 2015 | 1885 Views
Zanu PF youth member Fidels Fengu has suggested that Finance Minister Patrick Chinamasa must be re- appointed a Justice and Parliamentary affairs minister while Local Government MInister Saviour Kasuk...
by Stephen Jakes

Zimbabwe to export 170 baby elephants to China

21 August 2015 | 2897 Views
ZIMBABWE is preparing to ship at least 170 baby elephants to China as it has emerged that seven Chinese veterinarian doctors are camped at Hwange National Park preparing the animals for the rigors...
by Staff reporter

China splashes cash on Zimbabwe

16 August 2015 | 3869 Views
China has put an "unlimited financing cap" on mega economic deals with Zimbabwe, and this co-operation will be sealed during high-level talks in December.About two weeks ago, members of China'...
by Staff reporter

Part of Chinese loan to Harare goes missing

12 August 2015 | 307 Views
Harare mayor Bernard Manyenyeni has alleged $3 million is missing from the $144 million Chinese loan extended for the refurbishment of Morton Jaffray waterworks, saying investigations should be ca...
by Staff reporter

Chinese mega projects to be launched by December

12 August 2015 | 914 Views
All the multi-billion dollar projects that Chinese investors have accepted to fund in Zimbabwe will be launched by December this year. President Mugabe signed the mega deals with his Chine...
by Staff reporter

Chinamasa deserves Nobel Prize in economics

11 August 2015 | 5571 Views
IN its post-colonial history since 1980, Zimbabwe has gotten one big thing right, inter alia: the multi-currency system.To cut a long a long story short, Zimbabwe currently has arguably, the l...
by Colls Ndlovu

Chinese firm fails to pay workers

11 August 2015 | 4034 Views
CHINESE chrome mining and smelting company based in Gweru, which shut down early this year, is still to pay workers' salaries and allowances back dated to 2011.A Xin Yu Mining, closed down on ...
by Stephen Jakes

Chinamasa rapped over inconsistencies

07 August 2015 | 1854 Views
The Parliamentary Portfolio Committee on Finance and Economic Development has criticized Finance minister Patrick Chinamasa for providing inconsistent mining trajectories in his 2015 Mid-Term Budg...
by Staff reporter

Echoes from the past - with economy dying Chinamasa tells Dubai of 'unlocked' potential

06 August 2015 | 3155 Views
Zimbabwe's national economy is on its death bed with 18 000 workers laid off in three weeks and thousands more to follow and Finance Minister Patrick Chinamasa tells would be investors in Dubai he ha...
by Wilbert Mukori

Chinamasa court Dubai Investors

06 August 2015 | 2343 Views
Finance  Minister, Patrick Chinamasa, is today expected to fly out to Dubai to court global investors at the Institute of Chartered Accountants of Zimbabwe (ICAZ)'s Winter School, where he ha...
by Staff reporter

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