THE 585 kilometre Harare-Beitbridge highway, the country’s busiest and most economically strategic, was completed in 1960, with a 20-year lifespan. By the time Jonah Moyo and Devera Ngwena popularised ‘Masvingo neCarpet’, supposedly extolling the highway through the 1986 Volume 10...
Reserve Bank of Zimbabwe governor John Mangudya will have his term extended when his current term ends next year, presidential spokesman George Charamba has said. Mangudya took office on May 1, 2014, replacing Gideon Gono, and his current term ends...
The top US diplomat for Africa on Tuesday voiced cautious optimism over economic reforms in Zimbabwe, but said America wanted to see “concrete” steps on pledges of reform.  Tibor Nagy, the assistant secretary of state for African affairs, said that...
AS Zanu-PF’s long-serving chief whip, Joram Gumbo came across as a tidy, backroom operator, quietly but efficiently pulling the strings for his party in Parliament. But his scrapbook in government since his appointment as minister three years ago has...
It’s a balmy November night in Harare’s leafy Gunhill neighbourhood when Ameerh Naran’s mobile phone rings. The caller is the son of Emmerson Mnangagwa, Zimbabwe’s then-vice president. He wants Naran to help his father escape the country. President Robert Mugabe...
THE Confederation of Zimbabwe Industries (CZI), the country’s main business representative body, has come out in support of government’s 2% tax on electronic payments after initially opposing the unpopular revenue measure. The tax, announced by Finance Minister Mthuli Ncube on...
THE central bank this week allocated US$6.7 million to the local pharmaceutical industry for crucial imports, but the amount falls far short of requirements. Many pharmacies closed shop following the market turmoil triggered last week by pronouncements on currency and...
THE exchange rate upheaval, which has triggered steep price increases since last week’s fiscal and monetary policy pronouncements are market dynamics which government cannot go against, Finance Minister Mthuli Ncube said on Monday. Ncube and central bank governor John Mangudya’s...
ZIMBABWEAN mining companies are seeking to float a syndicated bond of US$1 billion in London to raise capital for their aged mines. Under the proposed deal, first discussed in March between British investors, Mines Minister Winston Chitando and Zimbabwean companies,...
Finance Minister Mthuli Ncube has adjusted his electronic transactions tax to exempt transfers below $10 and some business transactions. On Monday, Ncube introduced a tax of 2 cents per dollar on electronic payments, which now make up as much as...
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