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Biti attacks Mthuli Ncube again
FORMER Finance Minister Tendai Biti on Thursday laid into Treasury chief Mthuli Ncube, dismissing his claims that Zimbabwe had recorded an $800 million budget surplus since the introduction of his Tra...Published: 12 Aug 2019 at 08:03hrs | | by newzimbabwe
Audit exposes shocking govt rot
GOVERNMENT last year overspent by more than $2 billion without seeking parliamentary approval, while various departments and local authorities flagrantly flouted accounting procedures, Auditor-General...Published: 29 Jun 2019 at 16:45hrs | 2 | by Staff reporter
UK shames Zimbabwe embassy
Government was yesterday left with egg on its face after Zimbabwe's embassy in the United Kingdom was named among 23 diplomatic missions that are not paying their rates.The diplomatic missions...Published: 03 Jan 2019 at 09:30hrs | | by Staff reporter
Zimbabwe embassy shamed for dodging tax in UK
ZIMBABWE'S embassy in the United Kingdom is among London's top three tax-dodging diplomatic missions, Britain's foreign office has revealed.According to the UK media, the foreign office recent...Published: 02 Jan 2019 at 14:01hrs | | by newzimbabwe
'Zimbabwe's tax system too complex'
A business operating in Zimbabwe will have to make at least 51 payments for it to be considered to be compliant with its tax obligations, a study of the country's tax regime has shown.According to...Published: 09 Dec 2018 at 07:11hrs | | by Staff reporter
Zimbabwe outlines university innovation hub strategy
THE Government has set aside hundreds of millions of dollars that will see the construction of innovation hubs in six universities as well as infrastructural overhaul in the higher and tertiary educat...Published: 09 Dec 2018 at 06:57hrs | 8 | by Staff reporter
'Black market rates to fall in medium-term'
Local research firm IH Securities sees parallel market rates falling in the medium term, as government implements fiscal discipline and moderating consumer demand.Since the presentation of the...Published: 28 Nov 2018 at 22:40hrs | | by Staff reporter
'Budget is full of illegalities' says Tendai Biti
Former Finance Minister Tendai has shred the budget statement by Minister Mthuli Ncube calling it a load of confusion, illegalities and contradictions. In a series of frenzied tweets on ...Published: 23 Nov 2018 at 14:08hrs | | by Mandla Ndlovu
Mthuli Ncube to shut down foreign embassies
GOVERNMENT is set to cut the number of its foreign embassies to a manageable few as part of its new measures to reduce expenditure and try to draw maximum value from those that shall remain operationa...Published: 23 Nov 2018 at 08:12hrs | 3 | by newzimbabwe
Mnangagwa, Chiwenga salary cut by 5% only
SALARIES for top Government officials including President Mnangagwa, his deputies, Cabinet Ministers and Heads of State-Owned Enterprises will be cut by five percent in January 2019 while diplomatic m...Published: 23 Nov 2018 at 05:20hrs | | by Staff reporter
Mthuli Ncube to cut Zimbabwe govt salaries to curb spending
Zimbabwe's new finance minister Mthuli Ncube announced a five-percent cut to senior government officials' salaries on Thursday in a bid to mend the shattered economy.Ncube's budget also set ou...Published: 22 Nov 2018 at 19:09hrs | | by AFP
Government fires 2 917 'Green bombers'
Government has finally announced that it will be retiring 2 917 Youth Officers who are still on government payroll be end of December 2018.Addressing Parliament on Wednesday Minister of ...Published: 22 Nov 2018 at 15:51hrs | | by Mandla Ndlovu
Zimbabwe's Namibian port project taking shape
STATE-OWNED logistics firm Road Motor Services (RMS) says its dry land port project at Walvis Bay in Namibia is now 70% complete, four years after work began on it.RMS, a subsidiary of the Nat...Published: 13 Nov 2018 at 06:00hrs | | by Staff reporter
Allocate reasonable budget to Parly, begs Mudenda
SPEAKER of the National Assembly Jacob Mudenda has called on the Finance ministry to allocate a reasonable budget to Parliament as well as prioritise the construction of the new Parliament building in...Published: 12 Nov 2018 at 05:39hrs | | by Staff reporter
$17m debt chokes Justice ministry
JUSTICE secretary Virginia Mabiza last week told Parliament that her ministry was saddled with debts of over $17 million, some of which dated back to the drafting and adoption of the country's Constit...Published: 29 Oct 2018 at 05:49hrs | 3 | by Staff reporter
Council uses expired master plan
GWERU City Council's master plan meant to lay out how land in the Midlands capital should be used has expired, a situation that could compromise the local authority's planning vision, Southern Eye has...Published: 26 Oct 2018 at 07:13hrs | | by Staff reporter
Bulawayo firms' tenders 'very poor '
BULAWAYO town clerk, Christopher Dube, has said local business people were failing to come up with competitive tenders, which leads to them losing out to Harare-based firms.Companies in Bulawa...Published: 16 Oct 2018 at 06:28hrs | | by Staff reporter
Zimbabwean economy reflects state of governance
IN 2015, I argued that the economy was Zanu-PF's most virulent opposition.The 2016 introduction of bond notes pegged to the US dollar saw the emergence of a parallel market for foreign exchang...Published: 12 Oct 2018 at 13:47hrs | 1 | by Brian Kagoro
Gweru salary headache woes continue
GWERU City Council has, for the third time running, failed to pay its workers on time, citing cashflow problems as the local authority struggles to improve its monthly revenue collections, a senior co...Published: 10 Oct 2018 at 06:43hrs | | by Staff reporter
Mnangagwa must just bite the bullet
As Zimbabwe's economy continues to come apart at the seams, experts say it is time for President Emmerson Mnangagwa and his dithering lieutenants to bite the bullet and make the requisite changes need...Published: 02 Oct 2018 at 15:37hrs | | by Staff reporter
Govt debt to hit $20 billion by year-end
THE Parliament Budget Office (PBO) expects Zimbabwe's sovereign debt to grow by 8,69% to a record high of $20 billion by year-end, stoked by continuous public borrowings to finance persistent budget d...Published: 01 Oct 2018 at 07:02hrs | | by Staff reporter
Gweru privatises Go-Beer farms
GWERU City Council finance director, Edgar Mwedzi yesterday disclosed that the local authority is in the process of registering a private company to oversee the running of Go-Beer Breweries farms as p...Published: 28 Sep 2018 at 07:21hrs | 2 | by Staff reporter
Devolution will develop provinces with natural resources
CHIVI South MP Killer Zivhu (Zanu PF) on Wednesday said devolution of power will enable provinces with mineral deposits to develop from their natural resources.Speaking to Southern Eye, Zivhu ...Published: 21 Sep 2018 at 06:58hrs | 2 | by Staff reporter
Zimbabwe budget deficit seen widening
Zimbabwe's budget deficit will increase this year after government awarded its workers a 17,5% wage increase while revenue collection remains weak, according to a leading research firm."A hike...Published: 16 Sep 2018 at 09:08hrs | 1 | by Staff reporter
Zimbabwe's reckless spending, corruption can hinder new Cabinet fortunes
ELECTIONS have come and gone in Zimbabwe and the new Cabinet is now in place, both Parliament and Senate are now in their respective houses, with the President also now in office.What Zimbabwe...Published: 15 Sep 2018 at 09:25hrs | 1 | by David Mhlanga
Mnangagwa's likely trajectory
THE most significant political fact about Zimbabwe today is that it is mired in a complex and turbulent multi-dimensional transition of which the just-ended elections were a part. The bitterly contest...Published: 01 Sep 2018 at 13:48hrs | 2 | by Eldred V Masunungure
'Mnangagwa will succeed in reintegrating Zimbabwe'
FITCH Solutions, a leading economic research firm, which is part of reputable global credit rating agency Fitch Ratings, believes President Mnangagwa will make progress in reintegrating Zimbabwe into ...Published: 31 Aug 2018 at 06:40hrs | 3 | by Staff reporter
Zimbabwe wheat production to surge, but imports to continue
ZIMBABWE'S winter wheat production this year is projected to reach over 100 000 metric tonnes (MT) from about 20 000MT in 2017, due to command agriculture-related investments, an official of the Zimba...Published: 17 Aug 2018 at 06:21hrs | | by Staff reporter
World Bank backs Mnangagwa vision
Zimbabwe is poised to become an upper middle-income economy within a decade, according to the World Bank's vice-president for Africa.President-elect Emmerson Mnangagwa has outlined a vision to...Published: 05 Aug 2018 at 09:43hrs | | by Bloomberg
Post-Mugabe Zimbabwe set to frustrate eager investors
A European investor's phone rings in a Harare restaurant and it's good news: an $80 million construction deal has been agreed with the Zimbabwean government.All that's needed now is a central ...Published: 14 Jul 2018 at 11:53hrs | | by TimesLive
IDBZ opens new office in Bulawayo
THE Infrastructure Development Bank of Zimbabwe (IDBZ) yesterday officially commissioned its southern regional office in Bulawayo, positioning itself to adequately steer infrastructure projects across...Published: 03 Jul 2018 at 06:50hrs | 1 | by Staff reporter
What the Sports Betting Levy means for Zimbabwe Sports
Find out how the most recent levy is affecting those in Zimbabwe who engage in online sports betting and what the levy means. ...Published: 02 Jul 2018 at 18:40hrs | 2 | by Agencies
Mnangagwa's six months in office
It is now exactly six months since President Mnangagwa's inauguration on November 24, 2017 as the country's second Executive President and analysts say he has indeed ticked the boxes in as far as esta...Published: 27 May 2018 at 10:10hrs | | by Staff rpeorter
Zimbabwe to grow at 27% yearly to reach Biti's $100 billion target
MDC Alliance principal and former Finance Minister, Tendai Biti, has repeatedly claimed that, if elected into government, the opposition coalition would propel Zimbabwe to a $100 billion economy in ei...Published: 08 May 2018 at 18:14hrs | 1 | by Staff reporter
3,200 'Green Bombers' bounce back
PRESIDENT Emmerson Mnangagwa's government has made a U-turn and re-engaged Zanu-PF's dreaded national youth service graduates, derisively called known as Green Bombers to their positions as youth offi...Published: 12 Apr 2018 at 07:16hrs | 1 | by Staff reporter
Chinamasa to garnish Obert Mpofu over $1,5m
HIGH Court judge Justice Clement Phiri has ordered Finance minister, Patrick Chinamasa, his permanent secretary and paymaster-general, to garnish the Obert Mpofu-led Home Affairs Ministry's account an...Published: 11 Apr 2018 at 07:24hrs | | by Staff reporter
BREAKING: Home Affairs Ministry garnished US$1.6m
The High Court has granted a US$1.6 million garnishee order against the Minister of Home Affairs and instructed the Minister of Finance and Economic Development and Permanent Secretary and Paymaster G...Published: 10 Apr 2018 at 14:40hrs | | by Staff Reporter
Gweru roads equipment grounded
GWERU City Council is operating with only one tipper and a grader with the rest of the equipment broken down, a situation that is compromising the rehabilitation programme of roads, a senior council o...Published: 04 Apr 2018 at 10:53hrs | | by Staff reporter
Five years of nothing, a manifesto of hot air promises
The Zimbabwean people have been dragged into a bottomless, many rue the 2013 election, the election has turned out to be a late July fool's day dummy. Many false promises were made by ZAN...Published: 22 Mar 2018 at 14:08hrs | | by Jacob Mafume
Residents blasts Council for failing to cut grass along roads
The MDC-T led Harare City Council (HCC) has been told to consider cutting overgrown grass along the city's roads, as this was becoming a big threat to motorists who are being obscured by the long gras...Published: 16 Mar 2018 at 08:33hrs | 1 | by Peacemaker Zano
Mnangagwa's New York pitch reveals his post-election game
PRESIDENT Emmerson Mnangagwa's op-ed piece he penned for the New York Times, published online on March 11 and 12 in the print version, supplies the chess pieces of how he intends to play the political...Published: 16 Mar 2018 at 07:20hrs | 6 | by The Brett Chulu Column
Mnangagwa trimming civil service
At least $39 million has been availed by Government as severance packages for civil servants as the State moves to trim its workforce and reduce staff costs.About $12 million will go towards r...Published: 11 Mar 2018 at 09:20hrs | | by Staff reporter
Mnangagwa's first 100 Days: Crossing the river while feeling the rocks
Mnangagwa will complete his first 100 days in office on the 4th of March, 2018. A period of 100 days in power is too short to judge Mnangagwa, but it is certainly long enough a period to judge the dir...Published: 02 Mar 2018 at 07:15hrs | 1 | by Vusi Nyamazana
Biti savages Mnangagwa
FORMER Finance Minister and MDC Alliance co-principal Tendai Biti says President Emmerson Mnangagwa's barren 100 days in office have exposed the "Esigodini butcher" for being full of promises but lean...Published: 27 Feb 2018 at 06:01hrs | 4 | by Staff reporter
$700 000 released for innovation hubs
GOVERNMENT has released $700 000 to fund the setting up innovation hubs at six state universities as part of the drive to ensure that institutions of higher learning contribute to revival of the econo...Published: 22 Feb 2018 at 06:01hrs | 1 | by Staff reporter
BCC still violating Govt directive on salaries
THE Bulawayo City Council is still in violation of the Government's directive to set the service delivery to salaries ratio at 70:30.In its recommendations to the city council after approving ...Published: 12 Feb 2018 at 05:42hrs | 2 | by Staff reporter
Zimbabwe's 'independent commissions' fail to deliver
Lack of funding and political interference has resulted in most independent commissions set up by government failing to deliver in terms of the Constitution, rendering them useless and a burden to the...Published: 11 Feb 2018 at 14:40hrs | 15 | by Staff reporter
Zimbabwe needs $1,5bn annually for infrastructure
Finance and Economic Planning Minister Patrick Chinamasa, has said Zimbabwe requires around $1,5 billion annually for infrastructure to kick start economic growth.This comes as the Government ...Published: 06 Feb 2018 at 05:40hrs | | by Staff reporter
$9.3m for Beitbridge Border Post facelift
TREASURY has injected $9,3 million towards upgrading Beitbridge Border Post to give it a facelift and improve service delivery, as part of government's 100-day rapid results programme.Finance ...Published: 01 Feb 2018 at 05:26hrs | | by Staff reporter
Mnangagwa rushes to legalise Tsvangirai's pension
Finance Minister Patrick Chinamasa has moved with speed to amend the 2018 budget statement presented late last year before Parliament to incorporate President Emmerson Mnangagwa's desire to pay former...Published: 30 Jan 2018 at 10:30hrs | | by Staff reporter
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