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Work on Bulawayo-Nkayi Road begins
WORK on the rehabilitation of the 158km Bulawayo-Nkayi Road has resumed following the disbursement of funds by Government for the project as the Second Republic steps up efforts towards completing out...Published: 29 Mar 2023 at 06:52hrs | 166 | by Staff reporter
Nkayi roadworks resume
WORK on the rehabilitation of a 15km stretch of the Bulawayo-Nkayi Road is set to resume with contractors now in the process of mobilising machinery and other equipment, and expected to be on the site...Published: 08 Mar 2023 at 05:29hrs | 351 | by Staff reporter
Zesa mulls switch to forex-indexed power tariff
POWER utility Zesa Holdings Limited wants all of its clients, including industries, to pay their electricity bills in foreign currency to fulfil its power import commitments, Zimbabwe Independent can ...Published: 12 Feb 2023 at 07:26hrs | 133 | by Staff reporter
Mnangagwa govt, white farmers head for showdown
White former commercial farmers, whose land was acquired under the land reform programme are reportedly worried about a "longer" period that the compensation process may take after Zimbabwe Government...Published: 20 Jan 2023 at 06:38hrs | 784 | by Staff reporter
Zimbabwe school headmasters face the sack over illegal fees hikes
HEADS of Government schools who defy laid down guidelines in hiking fees will be deemed to have committed acts of misconduct and will be liable to disciplinary action, which may include dismissal, whi...Published: 13 Jan 2023 at 05:45hrs | 429 | by Staff reporter
Zesa tariff hike looms for miners
ZESA Holdings is set to review tariffs for major consumers such as miners to improve generation and boost its capacity to import electricity to meet local demand.In his 2023 national budget st...Published: 02 Dec 2022 at 05:01hrs | 327 | by Staff reporter
Mnangagwa's wife gets National Budget allocation
FIRST Lady Auxillia Mnangagwa has been mentioned in the National Budget - the first time for a first lady - and will get Treasury funding for her programmes as she increasingly gets involved in govern...Published: 29 Nov 2022 at 18:01hrs | 5214 | by Staff reporter
Mnangagwa's govt hard-pressed to appease restless public sector workers
FINANCE minister Mthuli Ncube has proposed to increase the proportion of employment costs on state expenditure to 52.4% from 42.3% as the desperate government makes frantic efforts to appease the 300 ...Published: 27 Nov 2022 at 14:58hrs | 295 | by Staff reporter
Mnangagwa's govt in $174 billion expenditure overrun
ZIMBABWE has reported a $174 billion expenditure overrun in the nine months of 2022 to September, latest figures show.Despite beating revenue collection targets for the nine months of 2022 by ...Published: 27 Nov 2022 at 14:54hrs | 84 | by Staff reporter
Zimbabwe sets aside $1,2 billion for sports facilities
RENOVATIONS at the National Sports Stadium are set to be accelerated next year after the Government set aside ZW$1,2 billion for rehabilitation of sporting facilities across the country.The ot...Published: 25 Nov 2022 at 05:06hrs | 192 | by Staff reporter
ZEC gets $74 billion for elections
The Government has set aside $76 billion for the 2023 harmonised elections to cover various activities, with $53 billion earmarked for the actual polling.Presenting the 2023 National Budget ye...Published: 25 Nov 2022 at 05:04hrs | 89 | by Staff reporter
RBZ in dramatic U-turn on Fidelity privatisation
IN a dramatic policy U-turn, the Reserve Bank of Zimbabwe (RBZ) has indefinitely suspended its plans to partially privatise Fidelity Printers and Refiners (FPR) nearly two years after announcing inten...Published: 04 Nov 2022 at 05:32hrs | 921 | by Staff reporter
Suspects offer police transport to stations
THE ministry of Home Affairs has revealed that a serious shortage of vehicles is forcing police officers to accept transport to their stations from suspects they would have arrested.Deputy Hom...Published: 09 Oct 2022 at 07:56hrs | 679 | by Staff reporter
Zimbabwe treasury fails to fund teacher recruitment
THE Public Service Commission (PSC) on Thursday said Treasury had failed to raise funds required to recruit more teachers amid claims by unions that the country has a shortfall of 100 000 teachers....Published: 24 Sep 2022 at 06:13hrs | 206 | by Staff reporter
Chamisa flags barren Zanu-PF leadership
Citizens Coalition for Change (CCC) leader Nelson Chamisa has dismissed government's 2022 Mid-Term budget statement as a blatant certification to citizen poverty adding the fiscal blueprint was reflec...Published: 04 Aug 2022 at 22:32hrs | 1973 | by Staff reporter
'Mthuli Ncube has failed us'
WOMEN's organisations have decried failure by Finance minister Mthuli Ncube to address "menstrual poverty" among girls and women who are failing to access affordable sanitary wear.Ncube last w...Published: 02 Aug 2022 at 06:47hrs | 811 | by Staff reporter
Ziyambi Ziyambi challenged over PVOs Bill
JUSTICE minister Ziyambi Ziyambi has been challenged to provide evidence on political interference by non-governmental organisations and that some charities are conduits for sponsoring terrorism and o...Published: 03 May 2022 at 16:02hrs | 616 | by Staff reporter
Mthuli Ncube holds talks with investors on USD bond
Finance and Economic Development Minister Professor Mthuli Ncube last week held a productive meeting with international investors who are keen to participate in the Government's US$100 million bond th...Published: 25 Apr 2022 at 08:49hrs | 582 | by Staff reporter
Failure to compensate white farmers will result in Zimbabwe debt ballooning; IMF warns
ZIIMBABWE's failure to compensate white former farmers as per agreement will result in the country's public debt bulging, the International Monetary Fund (IMF) has warned.The Bretton woods ins...Published: 11 Apr 2022 at 07:56hrs | 924 | by Staff reporter
Zimbabwe debt burden to worsen, claims IMF
THE International Monetary Fund (IMF) has warned that Zimbabwe's debt burden will worsen considerably due to the country's inability to compensate its displaced white former farmers, and the Reserve B...Published: 11 Apr 2022 at 06:34hrs | 299 | by Staff reporter
Zimbabwe mulls fuel levy cuts
Zimbabwe has hinted it may further reduce fuel levies to stymie a sustained spike in the domestic price of petroleum products after global prices soared on market uncertainty due to the conflict betwe...Published: 21 Mar 2022 at 06:23hrs | 234 | by Staff reporter
US$800m regime change kitty at risk in 2022 NGOs Bill
THE Private Voluntary Organisations Amendment Bill could cost Zimbabwe close to US$800 million in development funding this year – with devastating social and economic consequences – if the governm...Published: 20 Mar 2022 at 06:34hrs | 1113 | by Staff reporter
Zimbabweans to pay a heavy price for Mnangagwa's proposed draconian law
PRESIDENT Emmerson Mnangagwa has been accused of seeking to sacrifice the lives of millions of people that survive on humanitarian aid by trying to ban non-governmental organisations through a c...Published: 06 Mar 2022 at 08:31hrs | 1490 | by Staff reporter
Crime watchdog removes Zimbabwe from 'grey' watchlist
The global financial crime watchdog the Financial Action Task Force (FATF) has removed Zimbabwe from its "grey" watchlist, giving some rare relief to an economy battling global financial isolation....Published: 06 Mar 2022 at 08:27hrs | 153 | by Staff reporter
MPs corner Mthuli Ncube
MEMBERS of Parliament have asked the Ministry of Finance and Economic Development to disclose the list of companies paying corporate taxes to government as part of measures meant to enhance transparen...Published: 20 Feb 2022 at 09:03hrs | 1476 | by Staff reporter
MPs demand full corporate tax disclosures
ZIMBABWE'S legislators have asked the Ministry of Finance and Economic Development to disclose the list of companies paying corporate taxes to government as part of measures meant to enhance transpare...Published: 20 Feb 2022 at 08:55hrs | 141 | by Staff reporter
Mnangagwa signs 2022 budget laws
President Mnangagwa has assented to the two sets of law required to implement the 2022 National Budget presented by Finance and Economic Development Minister Professor Mthuli Ncube in November, so all...Published: 04 Jan 2022 at 05:55hrs | 302 | by Staff reporter
'Parly may have passed defective 2022 budget'
A LEGAL think-tank has alleged that Parliament may have passed a defective 2022 national budget last week and accused legislators of failing to scrutinise or critique the Finance Bill.The Bill...Published: 20 Dec 2021 at 05:46hrs | 231 | by Staff reporter
Business sector plagued by uncertainty
THE country's business sector says the year is difficult to plan for given the uncertainty that looms on the horizon, particularly with the country girding for potentially disruptive by- elections....Published: 19 Dec 2021 at 07:09hrs | 757 | by Staff reporter
2022 Post Budget Analysis
The Zimbabwean government presented a ZW$927.3 billion budget (18% of GDP) for the 2022 fiscal year. The government expects to collect revenues totaling ZW$850.7 billion (17% of GDP), thus resulting i...Published: 13 Dec 2021 at 09:11hrs | 943 | by Victor Bhoroma
Treasury urged to release quarterly operational budgets
PARLIAMENT has called on the Finance ministry to release quarterly operational budgets to line ministries to enable them to operate efficiently.Finance and Budget Portfolio Committee chairpers...Published: 12 Dec 2021 at 19:14hrs | 27 | by Staff reporter
Economist questions govt use of IMF money
A LEADING economist, Gift Mugano has questioned government's plans to disburse substantial amounts drawn from the nearly US$1 billion special drawing rights (SDR) from the International Monetary Fund ...Published: 02 Dec 2021 at 05:33hrs | 15 | by Staff reporter
'Underfunding fuelling police corruption'
CHAIRPERSON of the Parliamentary Portfolio Committee on Defence and Home Affairs, Levy Mayihlome has said police officers have become corrupt because their parent ministry is underfunded to meet their...Published: 01 Dec 2021 at 05:39hrs | 15 | by Staff reporter
Rebate on duty scammers exposed
GOVERNMENT has tightened the conditions for businesses benefiting from the rebate of duty facilities amid concerns over lack of transparency and accountability, which has seen some beneficiaries makin...Published: 29 Nov 2021 at 05:32hrs | 24 | by Staff reporter
Angry teachers dismiss Mthuli Ncube's budget
THE Progressive Teachers Union of Zimbabwe (PTUZ) has criticized 2022 budget statement presented by Finance minister Mthuli Ncube Thursday, saying it is an opaque presentation of figures without any c...Published: 27 Nov 2021 at 07:56hrs | 11 | by Staff reporter
$11bn set aside for elections
TREASURY has allocated $11 billion to the Zimbabwe Electoral Commission (Zec) to carry out its activities that include conducting by-elections next year.The by-elections, which will be held du...Published: 26 Nov 2021 at 08:58hrs | 17 | by Staff Reporter
Matabeleland projects get priority in 2022 budget
GOVERNMENT continues to drive the development of Matabeleland with the 2022 National Budget Statement presented yesterday in Parliament by Finance and Economic Development Minister, Professor Mthuli N...Published: 26 Nov 2021 at 08:43hrs | 81 | by Staff Reporter
2022 budget should up Matabeleland momentum
FINANCE and Economic Development Minister, Professor Mthuli Ncube is set to present the 2022 National Budget Statement today amid high expectations that more resources will be allocated to expedite co...Published: 25 Nov 2021 at 07:00hrs | 54 | by Staff Reporter
MDC Alliance accepts failure, welcomes Govt support
President Mnangagwa's administration has been thanked by the opposition-controlled Harare City Council for assisting in infrastructural development, from renovation of the critical health facilities t...Published: 15 Nov 2021 at 05:24hrs | 30 | by Staff reporter
'US$12 billion mining economy unattainable without policy'
ZIMBABWE, which seeks to achieve the US$12 billion mining economy by 2023, is still operating without a mining development policy, a situation that has created a lot of policy and legal reversals as w...Published: 13 Nov 2021 at 17:45hrs | 10 | by Dumisani Nyoni
You've failed us, villagers tell MPs
Zvimba villagers last Friday blasted legislators for failing to effectively play their oversight role on budgetary allocations in Parliament, resulting in the increase in poverty levels among communit...Published: 18 Oct 2021 at 06:31hrs | 4 | by Staff reporter
CZI pushes for tax reviews
THE Confederation of Zimbabwe Industries (CZI) says government must review policy free thresholds upwards and increase civil service salaries in the upcoming 2022 national budget to boost consumer spe...Published: 17 Oct 2021 at 09:09hrs | 5 | by Staff reporter
Zimbabwe to lose out on loans
ZIMBABWE is set to miss out on a multi-million-dollar fund for countries sharing the Zambezi watercourse because of its external debt estimated at US$10,5 billion.The funds will be disbursed t...Published: 15 Oct 2021 at 20:20hrs | 20 | by Staff reporter
BCC announces revised 200% budget increase
THE Bulawayo City Council yesterday announced a $23 billion 2022 budget, down from the initially proposed $24 billion budget, while rate increases have been revised downwards to 200% from 216%....Published: 15 Oct 2021 at 06:21hrs | 106 | by Staff reporter
Industry in fresh push for bailout
ZIMBABWE'S manufacturing sector has escalated its push for State-assisted bailout packages to stem a blazing crisis precipitated by the COVID–19 pandemic, a deteriorating foreign currency crisis and...Published: 15 Oct 2021 at 06:21hrs | 6 | by Staff reporter
Govt snubs cheaper donor-funded jabs
IN an eyebrow-raising development, the Zimbabwean government, battling the Covid-19 pandemic, has been purchasing expensive Chinese vaccines while overlooking doses supplied at cheaper prices under th...Published: 10 Sep 2021 at 07:32hrs | 10 | by Staff reporter
Mnangagwa's govt extends workers vehicle rebate scheme
GOVERNMENT has agreed to extend the duty-free rebate on motor vehicle scheme for civil servants beyond June 2021, as part of efforts to cushion public service workers through non-monetary incentives. ...Published: 24 Aug 2021 at 06:28hrs | 9 | by Staff reporter
GMAZ happy with Mthuli Ncube and Mangudya
THE grain milling industry has hailed 2021 mid-term fiscal and monetary policies presented by authorities, underscoring that the twin policies would foster price and exchange rate stability, at a time...Published: 12 Aug 2021 at 11:02hrs | 24 | by Simbarashe Sithole
Zimbabwe govt defers ex-farmers' compensation
GOVERNMENT has deferred to July 2022 the first payment towards compensating white former commercial farmers who lost their land during the land reform programme in the early 2000s.Government w...Published: 21 Jul 2021 at 08:09hrs | 3 | by Staff reporter
Mthuli Ncube walks tightrope
ZIMBABWE'S industries have asked Treasury to inject funding into the central bank's forex auction system to help it clear backlogs of up to two weeks and clear market distortions.Confederation...Published: 09 Jul 2021 at 12:07hrs | 1 | by Staff reporter
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