November 28, 2024
A Russian trade delegation in Zimbabwe recently expressed interest in importing agricultural produce from Zimbabwe as the eastern European powerhouse seeks to establish new commodities markets in the wake of Western imposed trade sanctions. Russia already has local business interests in the mining sector. Head of the delegation…
PRESIDENT Robert Mugabe unveiled a new Politburo that elevated a long-time confidante, Emmerson Mnangagwa, known in party circles as “the crocodile”, to the position of co-vice-president, in what could be his first clearest hint about the choice of his successor. The move came after he had mercilessly dismantled…
THE printing and packaging industry is tottering on the brink of collapse, triggered by an industrial crisis that has plunged output by 70 percent. In a report prepared for government by the National Employment Council for the Printing, Packaging, and Newspaper Industry, sector players said many companies had…
PRESIDENT Robert Mugabe failed to appoint politburo and presidium members during the sitting of congress last week, deferring the announcement with a few days. However, Article 8 section 40 of the ZANU PF constitution, which deals with the appointment of politburo members reads: “Soon after the election of…
CHINA International Mining Group Corporation (CIMGC), a substantial shareholder in Mwana Africa, and Yat Hoi Ning, a non-executive director and associate of CIMGC, have filed a petition at the High Court of Justice, Companies Court in London suing the resources firm over the appointment of a director. Mwana,…
PRESIDENT Robert Mugabe is moving with speed to avoid a split of his troubled party by keeping his outgoing number two, Joice Mujuru, in the Politburo as strategists behind her catastrophic demise work out ways to push Zimbabwe’s first female Vice President from government, the Financial Gazette can…
THE 2015 national budget presented by Minister of Finance Patrick Chinamasa failed to address issues surrounding financial sector stability. The fragility of the banking sector had affected domestic savings over the years, and hence it was important for Chinamasa to come up with new measures to stimulate savings…
THE ZANU-PF secretary for administration, who is also Minister of Presidential Affairs, Didymus Mutasa, must be ruing the day he came up with the term “gammatox”. Cunningly coining the mischievous term, at the height of political power in the presence of adoring supporters and praise singers, Mutasa was…
THE Deputy Minister for Foreign Affairs, Christopher Mutsvangwa may have found just the right platform for him to launch his salvos and attacks from. Elected two weeks ago to be the leader of the Zimbabwe National Liberation War Veterans Association (ZNLWVA), Mutsvangwa who had been itching for recognition…
THE cash-strapped Zimbabwe government will in the near future introduce more tollgates on the country’s roads despite the resistance from the motoring public. The new tollgates will also target rural roads in addition to more highways that are now cash-cows for government, desperate for cash to fund President…
