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Mutapa to shake-up State firms
Mutapa Fund Plots Major Shake-Up of State-Owned Enterprises to Enforce Governance and ProfitabilityZimbabwe's sovereign wealth vehicle, the Mutapa Investment Fund, is preparing to roll out swe...Published: 13 Jul 2025 at 16:12hrs | 658 | by Staff reporter
1 000% pay hike for GMB workers
THE Grain Marketing Board (GMB) has been ordered to pay its least paid employee US$350 or the equivalent in local currency after it was dragged to the Arbitration Court.GMB workers were earnin...Published: 22 Mar 2023 at 06:59hrs | | by Staff reporter
Smallholder farmers to benefit from US$15 million loan
SMALLHOLDER farmers will soon benefit from a US$15 million loan obtained by the Government from the OPEC Fund for International Development.Finance and Economic Development Minister Professor ...Published: 12 Dec 2022 at 01:02hrs | 37 | by Staff Reporter
Govt issues $24 billion Covid-19 guarantees
FINANCE minister Mthuli Ncube says government has issued debt guarantees amounting to $24,2 billion and US$15,2 million to help firms ride out Covid-19 induced operational problems.A governmen...Published: 28 Nov 2021 at 08:04hrs | 11 | by Staff reporter
Privatization plans off rails
In November 2018, the Zimbabwean government set out a privatization plan to dispose completely and partially privatize over 23 state entities and parastatals (SEPs). According to the Auditor General R...Published: 07 May 2021 at 15:41hrs | 2 | by Victor Bhoroma
Mnangagwa's govt issues ZW$750m fresh guarantees
GOVERNMENT has undertaken to guarantee public and private financial institutions including the Infrastructural Development Bank of Zimbabwe (IDBZ) for debts accrued through the floatation of a series ...Published: 05 Mar 2021 at 06:55hrs | 5 | by Staff reporter
Boardroom war rocks GMB
A VICIOUS boardroom war has erupted at the Grain Marketing Board (GMB) where top managers have either been fired or suspended and stripped of their luxury benefits.Following a messy fall-out b...Published: 22 Jan 2021 at 06:50hrs | 5 | by Staff reporter
Govt to retain 26% stake in parastatals
Government has resolved to retain just 26 percent in at least three parastatals and/or State enterprises, Finance and Economic Development Minister Mthuli Ncube has said.Such equity-holding wi...Published: 20 May 2019 at 06:24hrs | | by Staff reporter
Zimbabwe's parastatal reform agenda takes shape
Zimbabwe's parastatal reform agenda is taking shape with the latest being the de-merger of Grain Marketing Board into two entities with the commercial entity Silo Food Industries set to operationalise...Published: 28 Mar 2019 at 14:59hrs | | by Staff Reporter
Govt releases another RTGS$50m for cyclone response
The government has released another RTGS$50 million towards the resuscitation of infrastructure and humanitarian assistance to victims of Cyclone Idai.This brings to RTGS$100 million the money...Published: 27 Mar 2019 at 19:30hrs | | by Staff Reporter
Cabinet approves parastatal reforms
CABINET yesterday approved a litany of measures meant to strengthen under-performing parastatals such as Air Zimbabwe, the Grain Marketing Board and Zesa Holdings.Addressing journalists soon a...Published: 06 Feb 2019 at 08:17hrs | | by Staff reporter
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