President Emmerson Mnangagwa and his two VPs earn a monthly salary of an average $17,500 each. According to the “Blue Book”, the Government document which details its expenditure and debts, a total of $630,000 is allocated in the coming year...
City of Harare continues to spend more on salaries and allowances than on service delivery, the council’s 2019 budget statement shows. Between January and September 2018, council collected $145 million, against a targeted $202 million. Of the $145 million collected, $83...
The Motlanthe commission into the August 1 shootings says it is “concerned by the many contradictory and confusing statements” around its work, just hours after Presidential spokesman George Charamba appeared to suggest that President Emmerson Mnangagwa may not release...
Liquidators have frozen R41.5 million held in South African banks by an asset management firm they believed siphoned money to businessman Enoch Kamushinda, South Africa's City Press reports. While VBS Mutual Bank was looted, a similar small-scale bank in Namibia...
Zimbabwe recorded a primary surplus of $29 million in October, breaking a streak of huge deficits for much of the year, Finance Minister Mthuli Ncube said on Wednesday. The budget deficit is forecast to close the year at $2.8 billion,...
Finance Minister Mthuli Ncube’s 2019 budget statement promised ‘Austerity for Prosperity’, but by the time he finished delivering it, it was clear that government remains half-hearted about cutting spending, despite a symbolic 5% pay cut for the president and...
South African president Cyril Ramaphosa says Zimbabwe’s economic reforms need the support of the European Union and any remaining sanctions on the country must be lifted.  Zimbabwe was on the agenda of talks that Ramaphosa had this week in Brussels...
The Americans may not have been too pleased with Zimbabwe’s 2018 election, but one American company profited from it. Ipsidy, a New York-based firm that specialises in biometric identification technology, earned the majority of its revenue from a controversial deal...
Invictus Energy, listed on the Australian Stock Exchange, will start drilling an exploration oil well at its Muzarabani prospect in 2020, President Emmerson Mnangagwa announced Thursday. The drilling will be at a cost of $20 million, the President said at...
On Wednesday, October 31, Finance Minister Mthuli Ncube presented a ministerial statement on the state of the economy, and debated MPs in Parliament. Below is a Hansard transcript of part of the debate, where former Finance Minister Tendai Biti and...
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