Home » Posts tagged with » Finance Minister Patrick Chinamasa

President Mugabe and wife Grace Took Money From Reserve Bank of Zimbabwe

President Mugabe and wife Grace Took Money From Reserve Bank of Zimbabwe

President Robert Mugabe, his wife Grace and top securocrats are among the Reserve Bank of Zimbabwe’s biggest debtors and the prime beneficiaries of its farm mechanisation programme, says former finance minister Tendai Biti. This is why the ResBank, with the connivance of Zanu (PF) MPs, is resisting attempts to force it to publish its list […]

Can’t Afford School fees in Zimbabwe? We’ll Take Your Goats, Thanks

Can’t Afford School fees in Zimbabwe? We’ll Take Your Goats, Thanks

Zimbabwe, currently facing its worst cash shortage since the adoption of the multi-currency regime in 2009, now has a new medium of exchange, which is too big to be added to a basket of currencies in use. Parents have been told to settle school fees for their children using livestock in lieu of payment. No […]

Zimbabwe crisis has no visible ending – Zimdollar return imminent

Zimbabwe crisis has no visible ending – Zimdollar return imminent

While the RBZ has said bond notes are not Zimbabwe dollars for they are not a currency but financial instruments, ostensibly issued at par with the US dollar, there are renewed worries that the central bank plans to circulate more bond notes to ease dollar shortages in a move that could open the door to […]

United States to lift Zimbabwe sanctions only after reforms

United States to lift Zimbabwe sanctions only after reforms

US ambassador to Zimbabwe Harry Thomas and the African Union (AU) ambassador to Washington Arikana Chihombori-Quao went head-to-head in a panel discussion on Thursday on the impact of Washington’s sanctions on Harare. Under the administration of George W Bush, the US put sanctions on the government of President Robert Mugabe in 2003. The sanctions ban […]

Zimbabwe govt wants parastatal board members to declare assets

Zimbabwe govt wants parastatal board members to declare assets

THE government is crafting legislation to compel board members of parastatals and State enterprises to declare their assets to curb corruption, Finance minister Patrick Chinamasa has said. Responding to a motion by the Parliamentary Public Accounts Committee on the state of State enterprises in the National Assembly yesterday, Chinamasa said the draft corporate governance Bill […]

National Railways of Zimbabwe sinking like Zisco, warns former executive

National Railways of Zimbabwe sinking like Zisco, warns former executive

A former executive at the National Railways of Zimbabwe (NRZ) has warned government to keep its hands off the company lest it collapses like the Zimbabwe Iron and Steel Company (Zisco). Zisco has not been operating for years and plans to resuscitate the firm have all but collapsed. In an interview with Standardbusiness, the former […]

National Railways of Zimbabwe seeks govt funding, ring-fencing of certain commodities

National Railways of Zimbabwe seeks govt funding, ring-fencing of certain commodities

THE National Railways of Zimbabwe (NRZ) wants government to prescribe that certain bulk commodities be transported by rail, among a raft of measures to revive the ailing parastatal. The move would come after NRZ has been recapitalised, board chairperson Larry Mavhima told reporters. The rail parastatal is seeking $635 million from its shareholder, the government. […]

President Robert Mugabe has hinted that he would prefer rand as currency

President Robert Mugabe has hinted that he would prefer rand as currency

President Robert Mugabe has hinted that he would prefer the adoption of the rand in Zimbabwe despite the reluctance to adopt the currency from his government. Mugabe, who turned 93 on Tuesday, said in a televised interview to mark his birthday that he had asked Finance Minister Patrick Chinamasa and central bank governor John Mangudya […]

Zimbabwe moves to resuscitate Ziscosteel

Zimbabwe moves to resuscitate Ziscosteel

Finance minister Patrick Chinamasa has claimed that government may be forced to dig deeper into its depleting purse to revive Ziscosteel due to lack of foreign investors. “Industry minister Mike Bimha and I have been talking about Ziscosteel . . . unless Ziscosteel becomes operational, the country’s economic recovery will not take place,” he told […]

Widgetized Section

Go to Admin » appearance » Widgets » and move a widget into Advertise Widget Zone