Articles tagged 'externalisation'

Mnangagwa's anti-graft blitz loses steam 30 May 2018 HARARE - The anti-corruption crusade rolled out by President Emmerson Mnangagwa when he assumed the top office late last year is losing steam as the mighty and powerful are finding ways of escaping the long arm of the law, the Daily News can report. In his first few months in office, Mnangagwa...
ED's anti-graft blitz loses steam 30 May 2018 HARARE - The anti-corruption crusade rolled out by President Emmerson Mnangagwa when he assumed the top office late last year is losing steam as the mighty and powerful are finding ways of escaping the long arm of the law,the Daily News can report.
Externalisation-accused Musakwa wins primaries 5 May 2018 HARARE - Musician-cum-politician, Elias Musakwa‚ named in a list released by President Emmerson Mnangagwa of people who illegally externalised funds, was elected as the Zanu PF nominee for a Bikita West National Assembly seat in chaotic primary polls. Musakwa allegedly externalised $9 million ...
Panic as net closes in on forex abusers 4 April 2018 HARARE - Despite feigning bravado in public, companies fingered in the externalisation of foreign currency and other assets are making a beeline for the Reserve Bank of Zimbabwe (RBZ) to negotiate relaxed deadlines within which they can rectify their positions. The Daily News can reveal that n...
ED externalisation list: Business pressures govt 1 April 2018 HARARE - Zimbabwe's largest business lobby group, the Confederation of Zimbabwe Industries (CZI), is pressing government to clear 40 of its members who were “wrongly” listed as money externalisers by President Emmerson Mnangagwa. The body has scheduled a meeting with central bank governor, Joh...
Business tackles govt over forex list 27 March 2018 HARARE - Several companies that were last week named as having externalised foreign currency have approached government challenging the list which has strained the relationship between authorities and business. On Monday last week, President Emmerson Mnangagwa released the long-awaited list of...
Arts promoters implicated in money externalisation 21 March 2018 HARARE - Popular arts practitioners Elias Musakwa and Partson "Chipaz" Chimbodza among others are some of the few artists who have been implicated by government in a money externalisation scam. The government unveiled a list with over a thousand individuals/organisations that have been caught ...
Big talk hurts an expectant nation 21 March 2018 HARARE - The hullabaloo over the $1,3 billion alleged to have been funnelled outside the country's borders by greedy individuals and corporates turned into an anti-climax on Monday. The list of alleged culprits circulated by the Office of the President and Cabinet has raised more questions tha...
Looters give ED govt first test 4 March 2018 HARARE - The new government of President Emmerson Mnangagwa, which has pitched the fight against corruption on top of its agenda, faces its first test in two weeks time when the extended deadline for those who externalised money and assets comes to an end. Mnangagwa issued a three-month morato...
Businessman in the dock over $1,2m 7 September 2017 HARARE - A Bulawayo-based businessman was hauled before the courts yesterday after he allegedly externalised $1,2 million to Botswana without the Reserve Bank of Zimbabwe’s (RBZ) authority. Farid Shadat, 45, of Baxendale Road in Khumalo in Bulawayo appeared before Harare magistrate Josephine S...
ZCTU off the hook 7 February 2014 HARARE - The Constitutional Court has permanently stayed the prosecution of Zimbabwe Congress of Trade Union (ZCTU)  on 72 counts of externalising foreign currency, dating back to 2006. The union approached the Constitutional Court, seeking the quashing of the criminal charges, arguing that it...