Breaking News


Truck full of cats seized in China

28 January 2015 | 2667 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 | 4831 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 | 2323 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 | 4096 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 | 1353 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 | 3155 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 | 1378 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 | 3950 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 | 6339 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 | 4047 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 | 2979 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 | 2926 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 | 1369 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 | 3211 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 | 3971 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 | 7312 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 | 1129 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

Expanded Cabinet puts budget under stress

16 December 2014 | 1356 Views
President Robert Mugabe further strained Finance minister Patrick Chinamasa delicate $4.1 billion 2015 National Budget when he last week appointed two new Vice Presidents and created two new minis...
by Staff reporter

Govt spending declines

15 December 2014 | 2162 Views
Government expenditure declined by a whopping 98% in September, a rare trend for a country with a well known propensity to overspend.According to the Consolidated Statement of Financial Perfor...
by Staff reporter

Appointment of Mnangagwa, Mphoko victory for China, Russia

12 December 2014 | 3944 Views
THE appointment of Emmerson Mnangagwa and Phelekezela Mphoko as vice presidents could see China and Russia strengthen their grip on Zimbabwe given the two VPs' political and military links to thes...
by Staff Reporter

Chinese experts delay Zimbabwe visit

09 December 2014 | 2060 Views
CHINESE economic experts who were due in the country this month to conduct feasibility studies ahead of the implementation of Sino-Zimbabwe deals signed in August have postponed their visit to Januar...
by Staff reporter

China happy with Mnangagwa

09 December 2014 | 5676 Views
COLOGNE - Beijing is not hiding it's excitement about justice minister, Emmerson Mnangagwa's pending promotion to the office of first Vice President, and immediate likelihood of taking over power ...
by Itai Mushekwa

Reducing the wage bill is welcome

08 December 2014 | 4293 Views
The Minister of Finance and Economic Development, Cde Patrick Chinamasa announced in the 2015 budget that government intends to reduce government wage bill from around 78%  to 40% next year....
by John Sigauke

Walter Mzembi blasts Chinamasa on social media

06 December 2014 | 7067 Views
TOURISM minister Walter Mzembi yesterday took to social media to vent his anger after his Finance counterpart Patrick Chinamasa ignored his sector during his state of the economy presentation at the Z...
by Staff Reporter

Zimbabwe to unveil special coins this week

04 December 2014 | 5511 Views
A consignment of the Reserve Bank of Zimbabwe (RBZ)'s special coins has been delivered from South Africa.A central bank official, who preferred anonymity, confirmed the development, but could...
by Staff reporter

Chinamasa's budget is hopeless

04 December 2014 | 3396 Views
When the GNU Government was sworn in 2009, the new Minister of Finance had a daunting task - total revenues to the State from all sources in 2008 had been just US$280 million. All schools were closed...
by Eddie Cross

The battle of the budget - Chinamasa announced a hopeless budget

03 December 2014 | 1789 Views
When the GNU Government was sworn in 2009, the new Minister of Finance had a daunting task – total revenues to the State from all sources in 2008 had been just US$280 million. All schools were close...
by Khaliphani Pugeni

'Chinamasa's budget devoid of sound content,' says Makoni

01 December 2014 | 2290 Views
Former Finance minister Simba Makoni has described the 2015 national budget presented last Thursday as devoid of sound content.The opposition Mavambo/Kusile/Dawn leader said the ruling governm...
by Staff reporter

Beer prices are slashed

30 November 2014 | 4628 Views
Finance minister Patrick Chinamasa has slashed exercise duty on clear beer from 45 percent to 40 percent with effect from next year, a move that is likely to further reduce the price of lager bee...
by Staff reporter

Chinamasa's letter to IMF

28 November 2014 | 3130 Views
November 3, 2014Ms Christine Lagarde,Managing DirectorInternational Monetary FundWashington, DC 20431Dear Ms Lagarde,THE first an...
by Patrick Chinamasa

Chinamasa chides civil servants

28 November 2014 | 4489 Views
Government workers were paid to do nothing while a whopping 81% of budgetary expenditures went towards employment costs, Finance and Economic Development Minister Patrick Chinamasa said yesterday. ...
by Staff reporter

Chinamasa unveils $4.1 billion 2015 budget

27 November 2014 | 5551 Views
The Minister of Finance and Economic Development, Patrick Chinamasa has presented a $4.1 billion 2015 National Budget, amid indications that $3.32 billion will go towards employment costs.Chin...
by Staff reporter

'Zanu-PF ready to do things differently,' says Chinamasa

26 November 2014 | 2702 Views
FINANCE and Economic Development Minister Patrick Chinamasa says investors should, without delay, grab abundant investment opportunities in the country as this was the right time to do so as governmen...
by Business Reporter

Zim seeks re-engagement with IMF

24 November 2014 | 1817 Views
ZIMBABWE plans to host a second international debt resolution forum this month to resolve the country's over $9 billion total debt which has hamstrung the flow of lines of credit from multilateral fin...
by Staff Reporter

Help Zimbabwe or expect more refugees, Chinamasa tells SA

22 November 2014 | 2454 Views
FINANCE Minister Patrick Chinamasa chose to be blunt Friday as he appealed for investment in South Africa, telling Pretoria it had to help its stricken northern neighbour or expect a new flood of econ...
by Staff Reporter I Agencies

'Zimbabwe has investment potential,' says Minister Chinamasa

21 November 2014 | 3294 Views
Zimbabwe has investment  potential for South Africa, with a diversity of resources, Finance and Economic Development Minister Patrick Chinamasa said on Friday."We are not a basket ca...
by Sapa

CBZ, ABC Holdings scoop top corporate governance awards

17 November 2014 | 2356 Views
CBZ Holdings has won the 2014 trophy for the Best Governed Company on the Zimbabwe Stock Exchange, while ABC Holdings was awarded the trophy for the Best Governed Banking Institution. Fin...
by Mike Hamilton

2015 budget set for November 27

17 November 2014 | 2861 Views
Finance minister Patrick Chinamasa says he will present the 2015 National Budget in the next fortnight. While responding to a question pertaining to contradicting government projections on...
by Staff reporter

'Civil servants to get their annual bonuses without any hassles'

08 November 2014 | 2997 Views
ASSOCIATIONS representing civil servants have welcomed government's decision to pay its large workforce the 13th cheque at a time when most companies are struggling to pay their workers' salaries...
by Pamela Shumba

Zimbabwe 'willing to compensate white farmers'

07 November 2014 | 4116 Views
Zimbabwe is willing to compensate white farmers and clarify its indigenisation laws, said the country's Finance Minister Patrick Chinamasa, ...
by fin24

Brazilian weave? No, it's goat hair

01 November 2014 | 4280 Views
In China, hair extensions, wigs and weaves are big business.Buyers in hair salons and shopping malls are often told they are getting real human hair - but when you look closely, sometimes thin...
by Sam Piranty, BBC News

'Mugabe strong armed by the Chinese to support Mnangagwa': Report

31 October 2014 | 8467 Views
There have been allegations that the ongoing attempts to remove Vice President Joice Mujuru out of the Zanu (PF) succession race came as a result of Chinese influence.Mujuru has, until recentl...
by Staff Reporter

Chinese experts coming to Zimbabwe

24 October 2014 | 2044 Views
A TEAM of Chinese experts is due to jet into Zimbabwe next month to conduct feasibility studies which will establish whether the deals - largely described as pie in the sky - signed by the two countri...
by Staff reporter

Zimbabwe, China to enhance military cooperation

09 October 2014 | 1856 Views
Top military officials of China and Zimbabwe agreed on Thursday to enhance ties between their armed forces.Chinese Defense Minister Chang Wanquan and his visiting Zimbabwean counterpart Sydney...
by Xinhua

Chinese tourist arrivals to Zimbabwe plunge

30 September 2014 | 2033 Views
Chinese tourist arrivals to Zimbabwe plunged in the first half of this year by 273 percent to 2,730 from 10,173 recorded during the same period last year, according to preliminary figures released by ...
by Xinhua

Local car assemblies should get govt support

30 September 2014 | 1783 Views
The recent statement by the Finance Minister, Mr. Patrick Chinamasa that people should not import second hand cars from abroad as they are externalizing the little foreign currency needed in the ...
by Mukachana Hanyani

Chinamasa robbing Zimbabwe's poor people

27 September 2014 | 1790 Views
THE opposition MDC Renewal party has attacked the recent tax increases by finance minister Patrick Chinamasa saying this was a "clear sign that this is a robber state that does not care for its ci...
by Staff reporter

Mugabe is reintroducing Z$ in a vain attempt to avoid regime change

26 September 2014 | 13779 Views
Finance Minister Patrick Chinamasa is proposing introducing a special Zimbabwe coin to compete with the basketful of other foreign currency in use in the country already. The regime is so desperate to...
by Wilbert Mukori

'I'm not foolish,' says Chinamasa

26 September 2014 | 5760 Views
The new special coins set to be introduced by the RBZ are not linked to the reintroduction of the Zimbabwe Dollar, Finance minister Patrick Chinamasa. This comes amid rising suspicion tha...
by Staff reporter

'Beware of Chinese,' warns Zanu-PF MP

26 September 2014 | 2200 Views
CONTROVESIAL Kwekwe Central legislator Masango Matambanadzo yesterday said some Chinese nationals working in Zimbabwe are only interested in plundering the country's resources.Matambanadzo, a ...
by Staff reporter

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