Articles tagged 'debts'

Health ministry faces legal action over debt 24 June 2017 HARARE - The Health and Child Care ministry is facing legal action over $70 million it owes to creditors, ramping up pressure on the indebted ministry whose finances are coming under intense scrutiny. Auditor-General Mildred Chiri urged government to rescue the stuttering ministry but the meas...
Residents demand commission paid to Wellcash 25 May 2017 HARARE - Harare residents are demanding back the 10 percent commission they paid to Wellcash Debt Collectors (Wellcash) for services it rendered to Harare City Council(HCC) in recovering its debts. At a meeting in Mabvuku this week, residents claimed Wellcash was only receiving money and not r...
Zim, a nation of debtors 18 September 2016 HARARE - Zimbabwe, which owes multilateral institutions over $10 billion, is sinking beneath a tide of debt. A spate of recent reports have revealed how perilously close to the edge many are. In a nation where as many as 70 percent of people live on less than a $1 a day, according to the Un...
AfDB writes off Zim debt 10 May 2016 HARARE - The African Development Bank (AfDB) has set aside resources to write off Zimbabwe's $601 million debt, Finance minister Patrick Chinamasa has said. Chinamasa last week told Parliament that the regional money lender had secured funding to write-off arrears for indebted African countrie...
More woes for Zifa 13 February 2015 HARARE - The troubled Zimbabwe Football Association (Zifa) woes continued to mount yesterday after the Deputy Sherriff attached more property from the Zifa Village to pay former communications manager Nicky Dhlamini-Moyo. At the same time, the Warriors also dropped to number 119 on the Fifa Co...
Zifa left bare 14 November 2014 HARARE - The Zimbabwe Football Association’s (Zifa) 53 Livingstone offices was yesterday left bare after  the Deputy Sherriff attached the association’s remaining property over a debt owed to former employee Nicky Dhlamini-Moyo. Dhlamini, who was sacked in 2012, won a labour dispute against th...
Fifa engages local law firm 7 November 2014 HARARE - World  football governing body Fifa has engaged a local firm – Dube, Manikai and Hwacha (DMH) to administer funds to help financially troubled Zimbabwe Football Association (Zifa) clear its debts. This comes amid revelations that the Zurich-based organisation’s representatives, Ashfor...
Parly takes on ZC, MetBank links questioned 7 February 2014 HARARE - The Zimbabwe Cricket (ZC) leadership yesterday appeared before Parliament to answer questions from MPs on the state of the game amid allegations of money laundering and misappropriations of funds in the organisation. Once a thriving organisation and shining example of stability, ZC ha...
Zifa to get govt assistance 3 November 2013 GWERU – Zifa president Cuthbert Dube on Saturday revealed that government is likely to allocate the funds to the national football association in the national budget. Finance minister Patrick Chinamasa is expected to present the present the 2014 National Budget before Parliament anytime this m...