Articles tagged 'zimasset'

'Zanu PF infighting blights economic recovery' 20 August 2014 HARARE - Political and economic experts have said dog fights for power have taken precedence in Zanu PF, while the ailing economy has been left unattended to. Recent events in the ruling Zanu PF’s Youth and Women’s League congresses, including kidnappings, vote buying, subplots and counter sub...
Govt sleeping on the job 7 August 2014 HARARE - Recent revelations by Industry minister Mike Bimha that President Robert Mugabe has sanctioned a sector-by-sector analysis on the state of industry in the country are not only shocking to say the least but an embarrassment to the nation. Day after day, we are bombarded by news of comp...
Zim to suspend protectionism 5 August 2014 HARARE - Zimbabwe has threatened to scrap protectionist measures, arguing that the country's industries must be competitive. Industry minister, Mike Bimha, said measures recently imposed by government were “protecting inefficient firms”, adding that local firms must not expect protection, but ...
We haven't failed — Zanu PF 5 August 2014 HARARE - President Robert Mugabe's ruling Zanu PF has said it is too early to judge its performance in government. Rugare Gumbo told the Daily News yesterday that it was unfair to allege that Zanu PF has failed to run the economy. Exactly a year after the 2013 harmonised elections which wer...
Ziscosteel operations to commence 2016 2 August 2014 MUTARE - Indian conglomerate Essar Holdings (Essar) is set to begin liquid steel operations at NewZim Steel — formerly Ziscosteel — in the next 24 months, Industry minister Mike Bimha said. He told the Confederation of Zimbabwe Industries (CZI) congress in Mutare that the steel maker will have...
Govt, ZSE stakeholders sign MoU 22 July 2014 HARARE - Government has signed a Memorandum of Understanding (MoU) with the Zimbabwe Stock Exchange (ZSE)’s stakeholders as part of steps to demutualise the bourse. The demutualisation — on the cards for several years, with numerous deadlines missed due to funding challenges — is a process whe...
ZimAsset fails to save economy 15 July 2014 BULAWAYO - Almost a year after Zanu PF romped to victory in an election marred by irregularities and claims of vote rigging, the ruling party appears at sea as to how to go about revamping the economy. And since President Robert Mugabe-led government clinched that contested mandate for another...
ZimAsset: Doomed economic development strategy 10 July 2014 HARARE - The soundness of an economic policy is determined by its strategic development trajectory,  its end game.  Without an end game,  an economic policy becomes a decorative document full of rhetoric. In our case,  ZimAsset appears to be a policy document which is not grounded on any kn...
Zisco shutdown deprives Zim of $20bn — Study 9 July 2014 HARARE - Zimbabwe has lost over $20 billion in potential revenue since 2008 due to the closure of Ziscosteel, a recent study shows. According to the latest report by the Zimbabwe Economic Policy Analysis and Research Unit (Zeparu) on engineering and metals industries value chain analysis showe...
'Election' results now out 26 June 2014 HARARE - Ladies and gentlemen, the results of the “election” of July 31, 2013 are now out. The election results are not the fudged figures announced by the Zimbabwe Electoral Commission, but the practical reality of the acute suffering that Zimbabweans are experiencing every day. I spent my...
Govt must heed IMF warnings 26 June 2014 HARARE - The International Monetary Fund (IMF) this week warned that the country is in a precarious position and this should be a wake-up call to the government, which went into a deep slumber after the controversial election victory last year. For the past few months, we have been telling it ...
'ZimAsset, pie in the sky' 19 June 2014 HARARE - Zimbabwe's economy is collapsing as a direct result of a leadership crisis, and the economic blueprint touted as a panacea to economic problems  was a pie in the sky, analysts have said. They point out the need for an immediate renewal of the country's leadership as part of solutions ...
Address youths' concerns 18 June 2014 HARARE - It has taken the clarity of the Soweto uprising for youths to grasp that the onus to remind government it owes them opportunities to improve their circumstances through provision of jobs lies with them. The Soweto uprising sparked by attempting to foist Afrikaans as the main medium of...
Zim moves to address cost of doing business 16 June 2014 HARARE - Zimbabwe has formed two committees tasked with improving the cost and ease of doing business in the country, and also to control inflow of imports. Industry minister Mike Bimha said the first committee will “identify the causes of increased cost of doing business and other areas which...
Don't mortgage minerals — WB 13 June 2014 HARARE - The World Bank has warned Zimbabwe against mortgaging its minerals, saying this jeopardises future generations' welfare. Nadia Piffaretti, the World Bank's senior economist,  told a news conference on Wednesday that the hard-pressed southern African nation would be better advised to s...
ZimAsset impractical: Denmark 13 June 2014 HARARE - Denmark says Zimbabwe's economic blueprint, ZimAsset, is not practical and government needs to come up with concrete steps to revive the stuttering economy. Erik Rasmussen, head of mission at the Royal Danish Embassy Harare office, said without action and policy consistency, ZimAsset ...
People speak on age limit for kombi drivers 12 June 2014 BULAWAYO - Government has announced its intentions to review the Highway Code and raise the minimum age requirement for public transport drivers from the current 25 to 35 years to curb road accidents. The Daily News reporter Letwin Nyambayo took to TM Hyper terminus in Bulawayo to glean public...
Brazil rules out ZimAsset funding 20 May 2014 HARARE - Brazil says it will not financially support Zimbabwe's projects under its ambitious economic blueprint, the Zimbabwe Agenda for Sustainable Socio-Economic Transformation (Zim Asset). The country's ambassador to Zimbabwe Marcia Maro Da Silva told the businessdaily that the southern Afr...
'Zim broke to implement economic plan' 14 May 2014 HARARE - Zimbabwe has no funds to implement its five-year economic blueprint, the Zimbabwe Agenda for Sustainable Socio-Economic Transformation (ZimAsset), Industry minister Mike Bimha has said. He said the private sector should help finance projects under the plan, expected to guide Zimbabwe’...
Government must act now! 6 April 2014 HARARE - As the Zimbabwean economy sinks deeper into a recession, characterised by company closures, heavy losses by listed firms, deflation and deteriorating social and health services, it’s sad that the Zanu PF-led government has proven itself to be devoid of ideas and solutions. We strongly...
Govt appeals to private sector 1 April 2014 HARARE - Government's has appealed to the private sector to help it in the implementation of its ambitious economic blueprint Zimbabwe Agenda for Sustainable Socio-Economic Transformation (ZimAsset). In the next four years, government targets to create 2,2 million jobs, unlock $1,8 trillion in...
Juice better than ZimAsset: Mwonzora 28 March 2014 BULAWAYO - The MDC says its economic blueprint Jobs Upliftment Investment Capital and Environment(JUICE) launched in 2012 could have worked better than the Zimbabwe Agenda for Sustainable Socio-Economic Transformation (ZimAsset) currently flaunted as a panacea to Zimbabwe’s economic problems. ...
Where are these men taking us? 12 March 2014 HARARE - Zimbabwe is descending into economic and social chaos and the government's only response has been to shout populist slogans and people are now questioning where the current Cabinet is taking the nation to. The response by President Robert Mugabe's government to revive the country's st...
'Corruption will cripple ZimAsset' 12 February 2014 BULAWAYO - The Zanu PF economic blueprint, ZimAsset, will not work if corruption continues, a lawmaker has said. Bulawayo South Member of Parliament Eddie Cross said this at a Bulawayo Agenda public seminar held at the Small City Hall. “There is lack of transparency in the government and su...
Industrialists blast ZimAsset 6 February 2014 HARARE - Government's economic blue print, Zimbabwe Agenda for sustainable socio-economic transformation (ZimAsset), must be practical if the country is to attract meaningful funding, industrialists say. Former Confederation of Zimbabwe Industries (CZI) president, Callisto Jokonya, yesterday t...