Home » Posts tagged with » Patrick Chinamasa

Air Zimbabwe saga: Tale of half-truths, lies and deception

Air Zimbabwe saga: Tale of half-truths, lies and deception

As someone —unknown — once said “if words don’t add up, it’s usually because the truth wasn’t included in the equation”. The same can be said of the story of Zimbabwe Airways (ZimAirways), which involves the formation of the new airline, its ownership and buying of new planes — used Boeing 777s and Embraers for […]

No bad blood with boss Patrick Chinamasa says Terence Mukupe

No bad blood with boss Patrick Chinamasa says Terence Mukupe

HARARE – Under-fire deputy Finance minister Terrence Mukupe has claimed he enjoys a good working relationship with his boss Patrick Chinamasa. This comes amid reports of fierce run-ins between the two at their New Government Complex offices located at corner Joshua Mqabuko Nyongolo Nkomo Street (4th Street) and Samora Machel Avenue in Harare. Since their […]

Zimbabwe National Road Administration splashes $3 000 clothing allowances on managers

Zimbabwe National Road Administration splashes $3 000 clothing allowances on managers

Auditor-General Mildred Chiri’s reports on government finances always read like a roll call of the most corrupt, extravagant and poorly managed entities. The rogues include parastatals, ministries and local authorities that flout tender procedures and are a playground for looters. Finance minister Patrick Chinamasa last week tabled three reports produced by Chiri’s office before Parliament. […]

Does Mugabe’s Govt Plan to Accumulate More Debt?

Does Mugabe’s Govt Plan to Accumulate More Debt?

Finance minister Patrick Chinamasa’s pledge that the Reserve Bank of Zimbabwe (RBZ) will continue to give exporters incentives under a $200 million African Export-Import Bank (Afrexim Bank) loan scheme has raised eyebrows that the government wants to contract more debt. The loan facility was used to back the printing of bond notes, a United States […]

Vice-President Phelekezela Mphoko to meet President Vladimir Putin

Vice-President Phelekezela Mphoko to meet President Vladimir Putin

PRESIDENT Mugabe has dispatched Vice-President Phelekezela Mphoko to Russia to engage President Vladimir Putin on further economic co-operation between Harare and Moscow. VP Mphoko will meet the Russian leader on the sidelines of the 21st St Petersburg International Economic Forum which is running from 1 to 3 June. Possible areas of discussion are mining, commerce, […]

Minister Chinamasa Says Thanks to Mining, Sleepless Nights Are Now a Thing of the Past

Minister Chinamasa Says Thanks to Mining, Sleepless Nights Are Now a Thing of the Past

FINANCE minister Patrick Chinamasa says he no longer has sleepless nights over the country’s economy as key performers such as mining and agriculture are showing good results. Chinamasa said this as he praised the mining industry on Friday at the just ended 78th Chamber of Mines of Zimbabwe annual general meeting and conference in Victoria […]

President Robert Mugabe blocks rand adoption

President Robert Mugabe blocks rand adoption

FORMER Finance minister Tendai Biti has disclosed that President Robert Mugabe in 2010 blocked the use of the South African rand as the official currency, possibly for fear of being politically subservient to his South African counterpart, Jacob Zuma. Addressing a financial markets conference in Harare yesterday, Biti said Mugabe rejected proposals to adopt the […]

Germany Demands Compensation for Land Grabbed in Zimbabwe

Germany Demands Compensation for Land Grabbed in Zimbabwe

Compensation for German nationals who lost their farms during Zimbabwe’s controversial land reforms is an “urgent and important” issue, Berlin’s chief diplomat to Harare has said. Germany ambassador to Zimbabwe, Thorsten Hutter, said recompense for his country’s nationals must be part of the re-engagement dialogue between Harare and the European Union (EU). President Robert Mugabe’s […]

Zimbabwe loses US$144 billion in potential revenue from the mining sector

Zimbabwe loses US$144 billion in potential revenue from the mining sector

ZIMBABWE has lost US$144 billion in potential revenue from the mining sector since 2009, largely due to a plethora of problems, among them a power supply crisis, punitive tax regime and investor fatigue caused by unfriendly laws, the Financial Gazette can report. Volatile commodity prices are also said to have played a part in the […]

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 […]

Page 1 of 212

Widgetized Section

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