Breaking News


'Patrick Chinamasa, How do you sleep at night?'

31 July 2014 | 1253 Views
There comes a time in one's life where a line has to be drawn in terms of what's acceptable anymore and what is not.  I, for one, have had it and am saying ENOUGH to the Zanu PF government an...
by Emilia Mukaratirwa, Zapu Vice President

Airtime and street vendors to pay $1 a day State levy

29 July 2014 | 3748 Views
It has been reported that the Zimbabwe government is planning to step up its revenue collection efforts with a crackdown on all informal traders.According to TechZim, this blitz will also rope...
by TechZim

Govt considers shutting down non-performing parastatals

29 July 2014 | 2284 Views
FINANCE and Economic Development Minister Patrick Chinamasa has said government is considering shutting down non-performing state-owned companies because they have become a drag on the country's econo...
by Staff Reporter

'Zanu-PF's relationship with China should be investigated'

28 July 2014 | 3016 Views
The ruling Zanu-PF party's relationship with Asian economic giant, China, should be investigated to see if the ruling party is not flouting the country's laws, opposition parties have urged....
by Staff reporter

Multi-currency to stay says Chinamasa

27 July 2014 | 1314 Views
Finance minister Patrick Chinamasa has said government is not abandoning the multi-currency regime anytime soon.Addressing captains of industry at the Institute of Chartered Accountants of Zim...
by Staff Reporter

Zimbabwe downgrades 2014 economic outlook

24 July 2014 | 1139 Views
The Zimbabwe government has halved it 2014 real GDP growth to 3.1 percent in line with other forecasts made by the World Bank and the IMF, from the 6.1 percent made during the 2014 national budget....
by Business reporter

Is the Zimdollar on its way back?

23 July 2014 | 3921 Views
There are renewed fears that the government may be considering re-introducing the discarded and much-derided Zimbabwe dollar after Finance and Economic Development minister Patrick Chinamasa said on M...
by Staff reporter

Chinamasa blames dollarisation for economic challenges

22 July 2014 | 1639 Views
THE introduction of the multi-currency regime in 2009 is to blame for the economic challenges Zimbabwe faces today as it caused an increase in the cost of commodities and raised salaries to unsustain...
by Farirai Machivenyika

'Zimbabwe could miss 6.4% growth target for 2014,' says Chinamasa

21 July 2014 | 1376 Views
Zimbabwe could miss its 6.4% growth target this year but the final number will not be as low as some international lenders have predicted, finance minister Patrick Chinamasa said yesterday.The...
by Reuters

Chinamasa to court investors in UK

17 July 2014 | 1833 Views
Finance Minister Patrick Chinamasa is expected to lead a high level of Zimbabwean business executives and government officials to London as government intensifies efforts to court global investor...
by Staff reporter

Chinamasa sucked into Mumbengegwi, Mutsvagwa fight

08 July 2014 | 4057 Views
Finance Minister Patrick Chinamasa has been sucked into the acrimonious fallout between Foreign Affairs minister Simbarashe Mumbengegwi and his deputy Christopher Mutsvagwa. The fight too...
by Staff reporter

Five Zimbabwean banks are 'ill' says Chinamasa

04 July 2014 | 3976 Views
HARARE - Up to five Zimbabwean banks are "ill", but this will not have an impact on the overall sector due to their small size, Finance minister Patrick Chinamasa said yesterday, without naming the st...
by Staff Reporter

'Zim govt will not mortgage minerals,' says Chinamasa

02 July 2014 | 1438 Views
Government will not consider using the country's mineral resources as leverage to mobilise funds needed to revive the economy before conducting geological surveys of the resources available, an offici...
by Staff reporter

Chinamasa looks to patch up Zimbabwe

02 July 2014 | 3065 Views
Zimbabwe's economy is on the verge of recession, with low consumer demand and a liquidity crunch putting its businesses under strain. Against this backdrop, Finance Minister Patrick Chinamasa ...
by The Banker

Shopping spree:- Zanu-PF, MDC-T MPs stranded in China

01 July 2014 | 4536 Views
ABOUT 27 local MPs are said to be stranded in Guangdong Province, China, after they went on a shopping visit to Beijing, but missed their plane when they decided to travel further to Guangdong....
by Staff reporter

'Economy first, succession later,' says Chinamasa

23 June 2014 | 2396 Views
ZIMBABWEANS should not focus on succession related issues and personalities and direct their energy towards economic revival, Finance Minister Patrick Chinamasa has said.Officially launching ...
by Farirai Machivenyika

Government's Look East Policy bears fruit

06 June 2014 | 1913 Views
For a long time, the relationship that exists between Zimbabwe and China has largely been political, stemming from China's assistance during the liberation struggle.With the passing of time, t...
by Peacemaker Zano

Govt seek funds for stranded Mugabe scholarship students

31 May 2014 | 3190 Views
Finance minister Patrick Chinamasa says government is looking for funds to make sure that stranded students under President Robert Mugabe's Scholarship Programme complete their studies in foreign univ...
by Staff Reporter

Multicurrencies: impact of the Chinese currency

30 May 2014 | 3178 Views
The recent addition of the Chinese currency, among others, into Zimbabwe's much-admired multicurrency system (which the new RBZ governor has already branded as being sin qua non to the Zim economy rev...
by Colls Ndlovu

'No U-turn on indigenisation,' says Chinamasa

29 May 2014 | 1759 Views
Government says the indigenisation policy has not changed, but will be aligned with investment realities that will see arrangements being made with investors depending on particular cases....
by Staff reporter

Civil servants payday, Chinamasa paints a gloomy picture

29 May 2014 | 3895 Views
FINANCE minister Patrick Chinamasa yesterday painted a gloomy picture over the future welfare of civil servants when he admitted in Parliament that government was failing to maintain consistent pay da...
by Staff reporter

Patrick Chinamasa on indigenisation

28 May 2014 | 2688 Views
Cabinet has directed the urgent realignment of investment and empowerment laws so that they reflect a 100 percent ownership of natural resources by Zimbabweans, with investors entering into profit sha...
by Staff Reporter

Chinamasa courts Arab funding

27 May 2014 | 4223 Views
Finance and Economic Development minister Patrick Chinamasa has been invited to the Arab Bank for Economic Development (BADEA) headquarters in Khartoum, Sudan, to tie loose ends on a possible fun...
by Staff reporter

Chinese investment in Zim surges

22 May 2014 | 1432 Views
Chinese investment in Zimbabwe rose by more than 5 000 percent in the past five years, with the country now among Africa's largest recipients of FDI from the world's second-largest economy.  ...
by Staff reporter

Patrick Chinamasa admits to Zim economic rot

19 May 2014 | 5498 Views
FINANCE minister Patrick Chinamasa last week admitted before Parliament that the economy was in tatters, but blamed the rot on economic sanctions imposed on Zimbabwe by the West 10 years ago....
by Staff reporter

Zimbabwe still to approach China for yuan

13 May 2014 | 3496 Views
Zimbabwe has not made an official agreement with the Chinese government for the use of the yuan, a Chinese government official has revealed.Out-going Chinese economic and commercial Counselor...
by Staff reporter

China-Zimbabwe trade volumes double

13 May 2014 | 2078 Views
Trade volumes between Zimbabwe and China doubled between 2010 and 2013 to $1,1 billion, the outgoing Chinese economic and commercial counsellor Han Bing said yesterday. Speaking at his far...
by Staff reporter

Chinese miner found alive after 17 years underground

12 May 2014 | 7804 Views
Ürümqui| A group of coal miners from the western province of Xinjiang, had an unbelievable surprise when the gallery they were excavating opened up on a section of an old mine, that was abandoned 17...
by Staff reporter

Why China is frowning on Zimbabwe

10 May 2014 | 3215 Views
The current historic visit by the Chinese Premier Li Keqiang to Ethiopia, Kenya, Nigeria and Angola sends heavy-duty signals to Africa and the world at large regarding China's new preferences. The...
by Tapiwa Kapurura

Zim-Asset funding: China should be applauded

09 May 2014 | 2612 Views
It is with great hope and appreciation that finally the government's economic blue print, the Zimbabwe Agenda for Sustainable Socio-Economic Transformation ( Zim-Asset) has finally been promised t...
by Mukachana Hanyani

Of Chinamasa and an 'Inconsistent' Problem

08 May 2014 | 2792 Views
When Finance Minister Patrick Chinamasa spoke at a conference that I attended on Monday, he said something that was supposed to be good news to foreign investors; something designed to allay their fea...
by Alex Magaisa

'Let's end confrontation with West,' says Chinamasa

06 May 2014 | 4682 Views
ZIMBABWE is ready to fine-tune policies to lure foreign investment instead of enforcing policies that might cause confrontation with foreign investors, the country's top economic official said Monday....
by Xinhua

Chinamasa hunts diamond conmen

04 May 2014 | 2568 Views
A company, commissioned to organise diamond sales in Dubai on behalf of Zimbabwe - Dubai Diamond Exchange is illegally holding on to US$30 million realised from the sale. Senior Government of...
by Staff Reporter

Mujuru defends Patrick Chinamasa

04 May 2014 | 2534 Views
Vice-President Joice Mujuru yesterday said Government was fully behind Finance and Economic Development Minister Patrick Chinamasa in his mandate to lead the country's economic turnaround.She ...
by Tinashe Farawo

Zimbabwe, China sign $4.8m military deal

28 April 2014 | 1848 Views
The Chinese People's Liberation Army has signed a $4.8 million grant agreement with the Zimbabwe Defence Forces, pledging to support the local military in its quest to defend the country's sovereignty...
by Staff reporter

Bulawayo set to have a China City soon

24 April 2014 | 3533 Views
BULAWAYO is set to have a China City soon if deliberations between council and its partner City of Polokwane in South Africa bear any fruits.Polokwane, the capital of the Limpopo province,...
by Staff reporter

Foreign banks in Zim can keep majority stakes, for now

23 April 2014 | 2657 Views
Zimbabwe will not take any foreign investment capital as part of its controversial indigenisation policy, the finance minister said TuesdayThe indigenisation law, introduced in 2010 with the a...
by Sapa-AFP

'China not doing enough in Zim development,' says Zanu-PF

23 April 2014 | 2627 Views
The government says the Chinese have not been forthcoming as expected in helping Zimbabwe rebuild its economy.Presidential Affairs Minister, Didymus Mutasa says Zimbabweans are on their own a...
by Staff reporter

19 countries exhibiting at ZITF

22 April 2014 | 2990 Views
Nineteen countries are exhibiting at this year's Zimbabwe International Trade Fair up from 16 last year.ZITF company general manager Noma Ndlovu said the countries are namely Botswana, Bra...
by Staff Reporter

Zimra, Ministry of Finance give contradicting revenue stats

08 April 2014 | 2481 Views
The Zimbabwe Revenue Authority (Zimra) says it managed to surpass its targeted revenue collection for the first quarter as Government battles to meet the April deadline to give civil servants a pay r...
by Staff reporter

Chinamasa will next week travel to Washington

04 April 2014 | 3255 Views
Finance minister Patrick Chinamasa will next week travel to Washington, United States, to attend the International Monetary Fund (IMF) spring meetings.The Treasury chief - struggling to secur...
by Staff reporter

Mutsvangwa urges Zimbabwe to repay Chinese loans

03 April 2014 | 2200 Views
Foreign Affairs Deputy Minister Chris Mutsvangwa yesterday castigated Government for failing to repay its international loans, saying such behaviour impacted negatively on the country's relations ...
by Staff reporter

Zimbabwe should take a leaf from China on corruption

02 April 2014 | 2863 Views
The story in the Newsday of March 31, 2014, indicating that the Chinese authorities have seized assets worth at least fourteen and half billion (14, 5 Billion) from more than three hundred (300) ...
by Mukachana Hanyani

Zim pledges conducive investment climate for Chinese investors

01 April 2014 | 1406 Views
Zimbabwe remains committed to providing a conducive investment climate to Chinese investors wanting to do business in the country, Vice President Joyce Mujuru said Monday. She said, during the...
by Staff reporter

Zim schools to get buses from China

30 March 2014 | 2569 Views
GOVERNMENT has entered into a multi-million-dollar deal with China which will see local primary and secondary schools purchasing buses on credit from a Chinese bus manufacturing company, a Cabine...
by Tinomuda Chakanyuka

Chinamasa tells ZRP officers to be patient

28 March 2014 | 3734 Views
Finance and Economic Development Minister Patrick Chinamasa says Treasury's failure to meet the needs of the police force was largely due to declining revenue inflows.At a passout parade for 4...
by Freeman Razemba

Zimbabwe courts Chinese power firm

27 March 2014 | 2954 Views
ZIMBABWE is courting China Power Investment Corporation to invest in the $2,2 billion Sengwa Thermal Power Station in Gokwe, Finance Minister Patrick Chinamasa has said."We have held meetings...
by Staff reporter

'No cuts to public sector wage bill,' says Chinamasa

26 March 2014 | 3617 Views
Zimbabwe is not prepared to slash its public sector wage bill to meet debt-reduction plans agreed with the IMF because it will involve too many job cuts, the finance minister said on Wednesday....
by Reuters

Chinamwari: Teaching the art of seduction, sex

26 March 2014 | 4891 Views
"The husband is supposed to pay to play with the beads because it is a form of seductive entertainment which helps in getting both the husband and wife aroused and ag...
by Lizzy Kutyauripo

Zim gets another loan from China

24 March 2014 | 2925 Views
The China-Eximbank has approved a US$218 000 loan facility for the development of information communication technology (ICT) infrastructure for the growth of the sector.The development was con...
by Staff Reporter

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