Articles tagged 'chinamasa'

Re-assigned Zanu PF bigwigs off to China for study tour 8 October 2018 HARARE - President Emmerson Mnangagwa's ruling Zanu PF is sending a delegation of party bigwigs to China and the sub-region to engage sister liberation movement to compare notes as to how their parties relate to government. This comes after Zanu PF bigwigs who failed to make it in Cabinet were...
EASTERN NEWS | ZANU PF bigwigs face uncertain future 26 April 2018 HARARE - Only two seating Members of Parliament in Manicaland Province are guaranteed of progressing to the do-or-die general elections to be held in July this year after their respective constituencies could not attract challengers in the Zanu PF primary polls, the Eastern News can report. Ma...
The nation needs answers on deal 15 April 2018 HARARE - Zimbabwe is really a cursed country. Last week, citizens witnessed the height of comic performances from two whole senior Cabinet ministers. To begin with, it was Transport minister Joram Gumbo who — in an attempt to explain the acquisition of four aircrafts from Malaysia — indicat...
'Zim Airways: Govt not telling the truth' 15 April 2018 HARARE – The government of Zimbabwe is not telling the nation the truth with regards to the purchase of new planes, analysts contend. Last week, a Zimbabwe Airways plane, registered as Z-RGM, arrived at the Robert Gabriel Mugabe International Airport, the first of four B777s controversially pu...
Govt dissolves Zesa board 14 April 2018 HARARE – Government has dissolved boards for the Zimbabwe Electricity Supply Authority (Zesa), the Zimbabwe Electricity Transmission and Distribution Company (ZETDC) and the Zimbabwe Power Company (ZPC). This would allow for the establishment of a single board under the Zesa umbrella to manage...
Doctors threaten to down tools 20 January 2018 HARARE - The country's medical doctors are threatening to down tools if government does not increase their on-call allowances by 50 percent, among other demands. In a letter dated January 18, 2018, addressed to the minister of Health and Child Care David Parirenyatwa, the doctors said their de...
Zanu PF pushes for unity govt 24 November 2017 HARARE - Zanu  PF has given President designate Emmerson Mnangagwa its full backing to form a new-look government that would include the opposition as part of the reforms aimed at transforming the lives of long suffering ordinary Zimbabweans, the Daily News can reveal. This comes as the 75-yea...
ED takes over Zanu PF 20 November 2017 HARARE - Former vice president Emmerson Mnangagwa made a stunning political comeback yesterday, making good on his ominous promise of two weeks ago to return to Zimbabwe with a bang and take over from President Robert Mugabe at both party and government level, the Daily News can report. In wha...
Cyber Security ministry real threat to people's freedoms 21 October 2017 HARARE - President Robert Mugabe's demotion of Patrick Chinamasa from the Finance ministry to lead a new Cyber Security ministry that will focus on crimes on social media and other websites ahead of an election due next year should not be taken lightly. Chinamasa's new ministry — Cyber Securit...
Biti savages Chinamasa 19 October 2017 HARARE – Former Finance minister Tendai Biti is of the view that his successor, Patrick Chinamasa, should take the blame for the economic crisis that followed the liquidation of the government of national unity in 2013. A lawyer by profession, Chinamasa took over from Biti — also a legal pract...
Chinamasa recalled from IMF, World Bank meetings 13 October 2017 HARARE - President Robert Mugabe demoted former Finance minister Patrick Chinamasa while he was in Washington attending an annual global meeting of Finance ministers and central bankers organised by the International Monetary Fund (IMF) and World Bank. Chinamasa, who was demoted to the ministr...
'Chinamasa must be arrested' 30 September 2017 HARARE - Finance minister Patrick Chinamasa is under pressure to deal with the current economic crisis, as legislators from both the Zanu PF and opposition MDC called for his arrest, accusing him of promoting the foreign currency parallel market. Speaking in the National Assembly after Chinama...
Boost for local property developers 30 September 2017 HARARE - Government will incentivise the country’s property developers willing to upgrade and set up new structures for tertiary institutions. Finance and Economic Development minister Patrick Chinamasa said this last week at the ground-breaking ceremony for a student complex at the Nationa...
Illegal forex dealers face 10 years in jail 29 September 2017 HARARE - A new foreign exchange law in Zimbabwe will send unlicensed foreign currency dealers to jail for 10 years. The long-awaited law, approved by the Cabinet this week, is expected to take effect as soon as Parliament promulgates it next month, Finance minister Patrick Chinamasa (pictured ...
Reduce wage bill: IMF tells govt 8 July 2017 HARARE – The International Monetary Fund has repeated its calls for President Robert Mugabe’s broke government to retrench its workers further in line with reforms aimed at reducing its huge wage bill. This comes after the executive board of the IMF concluded the Article IV consultation with Z...
Zim agriculture production to decline 22 June 2017 HARARE - Zimbabwe's agricultural production is expected to significantly decline in the next two years due to changing weather patterns and lack of strong economic policies. In its 2017 Zimbabwe Economic Update released yesterday, the World Bank (WB) said the country's economic growth will als...
Chinamasa's propaganda can't resuscitate economy 11 March 2017 HARARE - Back in the days when the Soviet Union was still a communist empire, its flagship broadsheet newspaper was called Pravda, or “Truth”. But all and sundry knew it was a supplier of lies. The credibility of Pravda was so small that those who bothered to peruse it would believe unerrin...
Rural teachers join Apex Council strike 4 March 2017 HARARE - Rural teachers have called off a strike in its fifth day after resolving to join the collective Apex Council industrial action on Monday. The Amalgamated Rural Teachers’ Union of Zimbabwe (Artuz) announced that it has suspended industrial action which had been ongoing since Monday, fo...
Govt shuts down meat Vat hike 18 February 2017 HARARE - The reversal of the 15 percent hike on value-added tax (Vat) on all meat products and cereals will come into immediate effect and there will be no postponement of the implementation date, Finance minister Patrick Chinamasa has said. A Government Gazette notification was issued yesterd...
Zim mum on debt repayments 15 February 2017 HARARE - Finance minister Patrick Chinamasa has remained tight-lipped on the country’s plans to repay its $1,8 billion arrears to multilateral lenders. This was after the debt-ridden nation failed to meet the June 30, 2016 deadline to repay its debts to preferred creditors — the World Bank, In...
IDBZ reviews operations 15 February 2017 HARARE - The Infrastructure Development Bank of Zimbabwe (IDBZ) is set to review its commercial banking operations to concentrate more on development projects, Finance minister Patrick Chinamasa has said. The Treasury chief last week said IDBZ has so far received several consultancy jobs from ...
Hospitals run out of crucial drug 15 January 2017 HARARE - Zimbabwe's collapsing public health sector was yesterday hit with another dose of bad news after it was revealed the country's major hospitals are only left with two weeks' supply of a major drug used during surgical operations. The unsettling news comes as President Robert Mugabe's m...
Zim mulls youth bank 14 January 2017 HARARE - Zimbabwe is working towards establishing a bank that will represent youth interests in the country's financial sector as well as provide credit to upstarts and small to medium enterprises. Finance minister Patrick Chinamasa said he made a provision for establishment of a youth bank in...
Reprieve for microfinance institutions 13 January 2017 HARARE - Microfinance Institutions (MFIs) will soon be allowed to renew their operating licenses once in every three years as the country moves towards financial inclusion, businessdaily has established. This compares favourably with the current annual license registration. “The government ...
Highs and lows of business 1 January 2017 HARARE - The year 2016 will go down as a tough one for the local economy since 2008 as the country slid back into recession and unemployment skyrocketed to unprecedented levels. Zimbabwe’s economy was expected to grow by 2,7 percent this year before it was slashed to 0,6 percent this year due ...