HARARE, November 7 (The Source) – Early in November 2014, as tensions rose in ZANU-PF, Emmerson Mnangagwa spoke with a small group of his supporters in his home town, Kwekwe.
HARARE, October 10 (The Source) – On September 27, a panicky Patrick Chinamasa, then finance minister, threatened to tighten government controls on social media, blaming it for fuelling shortages of basic commodities and bank notes in the country after a weekend of panic buying.
HARARE, October 9 (The Source) – Zimbabwe’s President Robert Mugabe has replaced Finance Minister Patrick Chinamasa with Home Affairs Minister Ignatius Chombo in a cabinet reshuffle, the government said in a statement late on Monday. Mugabe also moved Tourism minister Walter Mzembi to Foreign Affairs… Read More
HARARE, October 9 (The Source) – Zimbabwe’s government overspent by $358,4 million between January and May, with foreign travel chewing more than double the budget, indicating that the country’s fiscal deficit will widen this year as authorities fail to rein in spending. Official data… Read More
HARARE, October 3 (The Source) – Zimbabwe is on course to meet its target to produce 28 tonnes of gold by year end, driven by increased output from artisanal miners, Finance Minister Patrick Chinamasa has said. Gold production in the southern African nation has… Read More
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.
By Kuda Chideme, HARARE, September 27 (The Source) – Finance Minister Patrick Chinamasa says government will tighten control over use of social media, which authorities blame for fuelling shortages of basic commodities and bank notes in the country.
BULAWAYO, September 21 (The Source) – Zimbabwe’s infrastructure bank has secured funding commitments from three institutional investors for its $12 million student accommodation development in Bulawayo, an official has said. The project, which is designed to house 1,480 students will be delivered through a Special… Read More
CHIPINGE, August 24 (The Source) – Financial services group, Old Mutual Zimbabwe on Thursday commissioned a $5,7 million mini hydro power plant in Chipinge district, southeast of Zimbabwe. The 1,6MW plant has capacity to meet a third of Chipinge’s 5MW power demand. Commissioning the plant… Read More
HARARE, August 7 (The Source) – Finance Minister Patrick Chinamasa on Monday said government would allow local authorities with sound financial management systems in place to issue bonds and raise finance for infrastructural development. Zimbabwe has 92 local authorities, which Chinamasa said did not have… Read More
HARARE, August 4 (The Source) – Minister of Finance has suspended duty on hydrogenated soya bean oil for a year with effect from July 1, 2017, according to the government gazette. Hydrogenated soya bean oil is used to produce margarine, cooking oil, salads. So far,… Read More
HARARE, July 21 (The Source) – Zimbabwe’s banking sector deposits continue to grow but loans and advances dropped as banks remain cautious about lending in the poorly performing economy. Presenting the Mid-Term budget review on Thursday, finance minister Patrick Chinamasa said total banking sector deposits… Read More
By Kuda Chideme, Plaxedes Sibanda and Simbarashe Zishiri, HARARE, July 20 (The Source) – Zimbabwe overspent by $549 million to support recovery of the country’s agriculture sector in 2016 to help the country recover from its worst drought in three decades, Finance Minister Patrick Chinamasa… Read More
HARARE, July 20 (The Source) – The highlights from Finance Minister, Patrick Chinamasa’s Budget Review and Outlook. Economy grew 0.7 percent in 2016 against a target of 2.7 percent due to ElNino induced drought Household consumption fell by 11,8 percent in 2016. Agriculture is expected… Read More