HARARE, February 13 (The Source) – The Zimbabwe National Roads Authority (Zinara) has budgeted $140,7 million for repairing and maintaining roads in the country this year, a Parliament portfolio committee heard on Tuesday.
HARARE, February 12 (The Source) – The drama around the ownership of controversial firm Intratrek, which the government of Zimbabwe awarded energy contracts worth over $600 million, played out in Parliament on Monday with the managing director Wicknell Chivayo and company lawyer Bruce Tokwe in… Read More
HARARE, January 23 (The Source) – The Grain Marketing Board (GMB) posted a loss of $208,9 million in the 2016/17 season after government ordered it to buy maize from farmers at $390 and resell at $240 per tonne.
HARARE, January 9 (The Source) – Zimbabwe’s graft-busting Auditor-General, Mildred Chisi’s term has been extended after Parliament approved President Emmerson Mnangagwa’s nomination in a move seen as boosting his anti-corruption drive.
HARARE, November 9 (The Source) – Zimbabwe’s budget deficit will grow to $1,82 billion this year, from the initial projection of $400 million on runaway government expenditure, finance minister Ignatius Chombo said on Thursday.
HARARE, September 28 (The Source) – Zimbabwe on Thursday gazetted a new law criminalising unlicensed currency trading in an attempt stem out a thriving parallel market for bank notes in the country.
HARARE, July 31 (The Source) – The Zimbabwe Anti-Corruption Commission (Zacc) says it has no money to carry out investigations outside the capital Harare due to limited funding from Treasury.
HARARE, July 27 (The Source) – Zimbabwe’s Members of Parliament on Thursday rejected the proposed appointment of Industrial Development Corporation boss Mike Ndudzo as Auditor General to replace the popular Mildred Chiri. MPs across the political divide told Finance Minister Patrick Chinamasa that Ndudzo was… Read More
HARARE, July 18 (The Source) – The Zimbabwe Electoral Commission (ZEC) says it has submitted a $274 million funding proposal to enable the southern African country to hold polls next year, a development seen loading more debt on the struggling economy.
HARARE, July 14 (The Source) – Struggling state-owned National Railways of Zimbabwe (NRZ) only has 60 operational locomotives, some as old as 50 years and owes its workers $90 million in unpaid salaries, according to a Parliamentary Portfolio Committee report. NRZ has a fleet of… Read More
HARARE, July 13 (The Source) – The State owned, Central Mechanical and Engineering Department CMED) is owed close to $25 million by the Zimbabwe government and the Zimbabwe Electoral Commission (ZEC) for car rentals as far back as 2013, compromising its service delivery, according to… Read More
HARARE, June 28 (The Source) – Finance Minister Patrick Chinamasa on Wednesday told Members of Parliament that the National Assembly was too big, and that the costs of maintaining it were too high.
HARARE, June 27 (The Source) – Ministry of agriculture says that 37,000 hectares of wheat has been planted against a target of 60,000 hectares, Parliament heard on Tuesday. This represents a 165 percent increase on the 14,000 hectares planted in the 2016/7 season and 10,000… Read More
By Kuda Chideme, HARARE, June 23 (The Source) – Zimbabwe’s loans register is in shambles and the country may have been prejudiced of more than $100 million in fictitious loan repayments, a report by the Auditor General Mildred Chiri has revealed. The report, which was… Read More
HARARE, June 22 (The Source) – Zimbabwe expects to produce 2,5 million carats of diamonds this year after acquiring equipment for its state-owned Zimbabwe Consolidated Diamond Company but legal challenges remain over its move to nationalise diamonds fields in the east of the country. President… Read More