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Zimra, Ministry of Finance give contradicting revenue stats

08 April 2014 | 1973 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 | 2920 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 | 1862 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 | 2606 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 | 1078 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 | 1998 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 | 3379 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 | 2554 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 | 3300 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 | 4451 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 | 2642 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

Chinamasa treading on dangerous ground

24 March 2014 | 3397 Views
Finance minister Patrick Chinamasa should have sought political (or legal) input and support from the legislature in his decision to slash parastatals bosses' salaries an opposition lawmaker said ...
by Staff reporter

'Don't fool us,' Mugabe tells Chinamasa, Nzuwa

17 March 2014 | 6659 Views
President Robert Mugabe on Friday told Finance minister Patrick Chinamasa and Public Service Commission (PSC) chairperson Mariyawanda Nzuwah to honour their commitment to award civil servants a pa...
by Staff reporter

Chinamasa's political career on the line

15 March 2014 | 3168 Views
FINANCE minister Patrick Chinamasa's political life is reportedly on the line following allegations that some Zanu PF hawks have launched a campaign to have him stripped of his Cabinet post, citing h...
by Staff Reporter

Gono looks certain to become next finance minister

14 March 2014 | 4711 Views
President Robert Mugabe is contemplating a Cabinet reshuffle that could see Patrick Chinamasa axed as finance minister and replaced by former Reserve Bank of Zimbabwe governor Gideon Gono, according t...
by Staff reporter

Chinamasa's number up as Mugabe cabinet reshuffle looms

14 March 2014 | 4732 Views
President Robert Mugabe is contemplating a Cabinet reshuffle that could see Patrick Chinamasa axed as finance minister and replaced by former Reserve Bank of Zimbabwe governor Gideon Gono, according ...
by Mail & Guardian

Chinamasa clarifies Pasi's stay in office

07 March 2014 | 3762 Views
Finance minister Patrick Chinamasa says commissioner-general of the Zimbabwe Revenue Authority Gershem Pasi was re-appointed after passing [a series of interviews and undergoing a thorough screen...
by Staff reporter

'US - Zim governments not talking,' says Chinamasa

06 March 2014 | 2129 Views
Finance Minister Patrick Chinamasa said on Wednesday relations between Zimbabwe and the United States are severely strained to the extent that the two countries are not "talking".Chinamasa, wh...
by Staff reporter

China rules out Zim budgetary support

06 March 2014 | 5609 Views
China has ruled out budgetary support to Zimbabwe.Finance minister Patrick Chinamasa, who recently returned empty-handed from Washington after being denied funding by the International Mon...
by Staff reporter

Cabinet Committee to oversee forensic audit of all parastatals - Chinamasa

05 March 2014 | 1829 Views
Cabinet Tuesday announced a raft of measures to curb the rot in public entities, just coming short of firing all current boards and chief executive officers of parastatals and quasi government compani...
by Staff Reporter

Chinamasa summons bank over cut in lending

03 March 2014 | 2355 Views
FINANCE and Economic Development Minister Patrick Chinamasa has summoned senior management of an international bank in the country to provide explanation on why the bank has drastically cut its lendi...
by Staff Reporter

Chinamasa's job on the line

27 February 2014 | 7766 Views
THE kitchen could be getting too hot for Finance Minister Patrick Chinamasa who, despite the declining revenue trickling into government's coffers, must urgently look for cash to fund civil servants' ...
by Staff reporter

China to set up military airbase in Zimbabwe?

17 February 2014 | 6482 Views
China is reportedly scheming to set up a military airbase in Zimbabwe's controversial Marange diamond fields of Manicaland province, as Beijing and Harare ratchet up military cooperation and closer t...
by Itai Gwatidzo Mushekwe/ Mary-kate Kahari

Zimbabwe gets $23 million grant from China

11 February 2014 | 2616 Views
Zimbabwe has received a $23.3 million grant from China to construct clinics and schools in newly resettled areas acquired during the land reform program.Speaking at the signing ceremony this a...
by Staff reporter

Chinamasa tours Fidelity Printers and Refineries

11 February 2014 | 5249 Views
Finance and Economic Development Minister Patrick Chinamasa, his deputy Dr S Undenge and the Acting RBZ Governor DR CL Dhliwayo today 11 February toured Fidelity Printers and refineries, the largest s...
by Business reporter

'No retrenchment for civil servants,' says Chinamasa

29 January 2014 | 2713 Views
Finance and Economic Development Minister Patrick Chinamasa said on Tuesday the Government does not plan to retrench any member of the civil service to balance its budget which is skewed towards emplo...
by New Ziana

China snubs desperate Chinamasa

24 January 2014 | 3876 Views
ZIMBABWE is fast running out of funding options after Finance minister Patrick Chinamasa returned home empty-handed from his recent trip to China where the Chinese requested "bankable projects inste...
by Staff reporter

Zim lobby creditors to have its $6.1bn debt written off

23 January 2014 | 1715 Views
ZIMBABWE will this year actively lobby creditors to have its $6,1 billion debt written off after completing an audit and validation of the debt last year, Finance and Economic Development Minister Pat...
by Business reporter

'Makandiwa's miracles will not fix Zim economy'

16 January 2014 | 4533 Views
FINANCE minister Patrick Chinamasa yesterday said only hardwork and commitment would spearhead the turnaround of the country's economy and people should not bank on miracles like those performed by U...
by Staff reporter

'Informal sector key to Zim growth,' says Chinamasa

16 January 2014 | 1189 Views
ZIMBABWE has to face the reality that the informal sector is now the dominant force of the economy, Finance and Economic Development Minister Patrick Chinamasa has said. Giving the keynote add...
by Staff reporter

'Banks trying to sabotage the economy,' says Chinamasa

16 January 2014 | 2610 Views
Finance minister Patrick Chinamasa has attacked the banking sector, blaming some financial institutions of attempting to drive the economy on its knees since the adoption of multiple currencies five y...
by Staff reporter

'Zimbabwe's banking sector sound'

15 January 2014 | 1439 Views
The Bankers Association of Zimbabwe continues to find the financial sector essentially sound and believes reports of some troubled banks are not a reflection of the status of the sector or of the econ...
by Business reporter

MDC-T to oppose Chinamasa's budget

17 January 2014 | 2653 Views
THE Morgan Tsvangirai le dMDC-T party has vowed to oppose the 2014 national budget in Parliament saying Finance Ministry Patrick Chinamasa's fiscal plan for the year was against the poor.Paur...
by Staff reporter

Zim girl (8) under goes successful heart surgery in China

07 January 2014 | 1963 Views
An 8-year-old Zimbabwean girl, Ashley Mtengwa, is back home from China after under going a four-hour successful heart surgery.Ashley had a 1,5 centimetre hole in her heart which  almo...
by Staff Reporter

Zim fuel prices go up

01 January 2014 | 3968 Views
THE price of fuel could marginally rise today by one and two cents per litre for diesel and petrol respectively as the government introduces a levy to raise funds to finance the 820km Plumtree-Mutare...
by Staff Reporter

Cash strapped Zim govt engages creditors over debt

30 December 2013 | 4858 Views
HARARE - Cash strapped Zimbabwe government is negotiating with external creditors over its gigantic debt but has ruled out its swift clearance owing to serious economic challenges, Daily News reported...
by Staff Reporter

Man trys to kill his baby daughter with sewing needles

25 December 2013 | 3393 Views
Beijing - A court in northeastern China has sentenced a man to 10 years in prison for trying to kill his baby daughter by inserting sewing needles into her body, state media reported on Wednesday....
by AP

60-yr-old woman gives birth to twins

24 December 2013 | 3862 Views
Beijing - A Chinese woman had twin girls at the age of 60 following IVF treatment after her only child died, making her possibly the oldest person in the country to give birth, state media reported on...
by AFP

'Reduce price of sanitary wear'

21 December 2013 | 1311 Views
Retailers are refusing to slash the prices of sanitary wear in the wake of a 15 percent cut in import duty.Renias Mundingi, Southern Africa Aids Dissemination Service (SafAids) senior programm...
by Staff reporter

'Pay cuts for parastatal bosses'

21 December 2013 | 1443 Views
GOVERNMENT is developing a framework that will regulate salaries, especially for top management in parastatals and local authorities as a way of reducing employment costs in those entities. Th...
by Staff reporter

2014 budget is a 'professional fart' says Biti

20 December 2013 | 5994 Views
Former finance minister Tendai Biti has described the just announced 2014 budget as a "professional fart" reflecting cluelessness and lack of grasp of the challenges facing the economyBiti's ...
by Staff Reporter

Zimbabwe 2014 National Budget review

20 December 2013 | 2356 Views
Hope renewed?If there is anything Patrick Chinamasa, the Minister of finance, achieved yesterday, it was the acknowledgement of the fundamental problem...
by Vince Musewe

$4,2bn budget anchored on confidence building strategies

20 December 2013 | 2149 Views
Finance Minister Patrick Chinamasa has presented a $4,2 billion budget for 2014 that is anchored on strategies aimed at restoring connfidence in the economy.The strategies include the confirma...
by Staff reporter

Zimbabwe to clarify indigenisation policy

20 December 2013 | 2273 Views
FINANCE Minister Patrick Chinamasa on Thursday said government was going to work towards clarity on policies including the Indigenisation Law which he said will have clarity "like never before."...
by Agencies

Zimdollar demonitised

20 December 2013 | 4349 Views
Government will issue Treasury Bills to raise $20 million to compensate Zimbabwe dollar account holders who lost money following the adoption of a multiple currency system in 2009.Minister Chi...
by Staff reporter

Chinamasa to inject $100m into RBZ

20 December 2013 | 1653 Views
GOVERNMENT will restore the banker of last resort function of the Reserve Bank of Zimbabwe  with effect from April 2014 by injecting $100 million into the institution, Finance Minister Patrick C...
by Business reporter

Chinamasa's budget attracts mixed reactions from MPs

20 December 2013 | 2403 Views
PARLIAMENTARIANS yesterday received with mixed reactions next year's proposed National Budget with the majority of Zanu-PF legislators welcoming it, while the MDC-T Members of Parliament dismissed it...
by Staff reporter

Chinamasa allocates $140m to Bulawayo and MZWP

20 December 2013 | 2198 Views
Finance minister Patrick Chinamasa yesterday allocated $140 million for the revival of Bulawayo and construction of the long-awaited Matabeleland Zambezi Water Project (MZWP), seen as the only lasting...
by Staff reporter

'Zimbabwe's multi-currency system to stay,' says Chinamasa

19 December 2013 | 5147 Views
Zimbabwe's Finance and Economic Development Patrick Chinamasa has moved to put to bed talk of the return of the Zimbabwe dollar.In his budget speech he said that there was a commitment to t...
by Staff reporter

Zimbabwe Budget 2014 Live Updates

19 December 2013 | 18046 Views
1701:  Minister Chinamasa has just ended his budget presentation.View / download a ...
by Staff reporter

News Updates

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