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Zimbabwe parastatals rot exposed

Zimbabwe parastatals rot exposed

Four state enterprises and parastatals (SEPs) flouted tender procedures when procuring millions worth of goods and services, according to the Auditor-General, Mildred Chiri. The report sheds light on a culture of impunity and lack of accountability that prevails among parastatals and state institutions, providing fertile grounds for corruption. Chiri mentioned CMED ($1 million), Tobacco Industry […]

Bumper harvest to boost National Railways of Zimbabwe volumes

Bumper harvest to boost National Railways of Zimbabwe volumes

THE National Railways of Zimbabwe (NRZ) expects to move more than one million tonnes of freight internally this year spurred by the anticipated bumper harvest. Following the good rains Zimbabwe received in the 2016/17 summer cropping season, the Government has projected a bumper harvest of about 2.7 million tonnes of grain. NRZ chairman Mr Larry […]

Zimbabwe government pumps $200m into ailing parastatals

Zimbabwe government pumps $200m into ailing parastatals

Zimbabwe’s cash-strapped government has pumped nearly $200 million into the country’s struggling parastatals. This comes as calls have been getting louder for the cash-strapped country to restructure its loss-making parastatals to make them attractive for foreign investment and recapitalisation. Market experts said the opportunity cost of missing revenue from government enterprises was being felt across […]

How Zimbabwe’s ruling party ZANU-PF killed Grain Marketing Board

How Zimbabwe’s ruling party ZANU-PF killed Grain Marketing Board

In an attempt to boost agricultural production in the wake of a disastrous land reform programme, government adopted the Targeted Command Agriculture scheme last year, which is being funded through a $500 million facility. This is despite running down the Grain Marketing Board (GMB) through open acts of corruption and lax accountability systems. Government contributed […]

Zimbabwe’s parastatal rot – when looting becomes second nature

Zimbabwe’s parastatal rot – when looting becomes second nature

Ever wondered why the Zimbabwe Government and its ministers find parastatals attractive despite them costing the taxpayer billions of dollars? Our previous article asked questions on the wisdom of the government taking over Telecel mobile network. This article explores the reasons and why the Telecel conundrum and indeed government ownership of parastatals are attractive to […]

Legacy of Bob’s Failures in Zimbabwe

Legacy of Bob’s Failures in Zimbabwe

My people, The more I read newspapers, the more I become convinced that the last 36 years have been spent living off the fat and infrastructure that was left by the Rhodesians. I may have missed out on a lot of developments because as a typist, I have generally depended on gossip from my intricate […]

Job Losses – Government Must Abandon Toxic Policies

Job Losses – Government Must Abandon Toxic Policies

The proposed amendments to the Labour Act that has been tabled in parliament which mainly aims to save vulnerable workers from being dismissed on three months’ notice while simplifying the rigid, expensive and cumbersome retrenchment process, is an indication of the worsening economic crisis bedeviling Zimbabwe. While the easing of retrenchment procedures and the laying […]

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