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

27 February 2015 | 3478 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 | 3405 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 | 1392 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 | 3289 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 | 2033 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 | 5721 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 | 2792 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 | 7825 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 | 1395 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 | 3200 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 | 1079 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 | 2120 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 | 1925 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 | 3910 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 | 1143 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 | 2645 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 | 1845 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 | 3087 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 | 5052 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 | 2625 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 | 4484 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 | 1497 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 | 3323 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 | 1550 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 | 4287 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 | 6628 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 | 4163 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 | 3101 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 | 3180 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 | 1433 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 | 3388 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 | 4106 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 | 7520 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 | 1252 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 | 1400 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 | 2321 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 | 4072 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 | 2113 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 | 5801 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 | 4398 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 | 7218 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 | 5643 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 | 3483 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 | 1835 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 | 2421 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 | 4764 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 | 3463 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 | 4611 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 | 5756 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 | 2751 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

News Updates

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