November 25, 2024
A Dutch-based sou-rce said the country would now face increasing pressure from international creditors at a time it has escalated its bid to open a new chapter in its relations with the international community.The attachment of several Zimbabwe properties by the German bank followed similar attempts by a…
German bankers, KFW Bankgruppe, atta-ched a number of estates owned by the Zimbabwe government in South Africa over a debt to ZISCO that has been outstanding since 1998.The attachment of the properties followed a rejection of bids from two finalists who had been shortlisted to acquire a 60…
Since the submission of the final report to President Robert Mugabe, Prime Minister Morgan Tsvangirai, Deputy Prime Minister Arthur Mutambara and South African President, Jacob Zuma, on April 3, the three GPA signatories have failed to meet to discuss the report and its recommendations.The report, which highlights that…
This comes in the wake of a recent Cabinet decision to twice extend the deadline for foreign companies to comply with the legislation, confirming speculation that partners to the troubled inclusive government were still poles apart over the law.Initially, the MDC-T arm of government had agreed to participate…
Lawmakers from across the political spectrum argued this week that early elections could disrupt the current political stability, economic recovery and plunge the country back into a recessionary heap as parties, mainly ZANU-PF and the larger faction of the Movement for Democratic Change (MDC-T), resume their rivalry.The Financial…
Mangoma told delegates attending a conference to explore ways of revamping the inefficient national statistical system in Harare last week that his ministry had for the past 15 months been depending on guess work.“We often make wild guesses,” he said. “Even in my ministry, we cannot tell…
Sources in the coalition government told The Financial Gazette that the ZMC would hold crucial board meetings between Monday and Wednesday and an announcement on successful applicants would be made on the last day, paving the way for the establishment of new newspapers and other mass media…
A mediation team assembled by South African President, Jacob Zuma, has over the past three weeks been cooling its feet in the hope that the once sworn enemies in the Zimbabwe crisis would meet to digest the points of departure between their parties and reach a political rapprochement.But…
Impeccable sources told The Financial Gazette this week that although the country has traditionally held its national elections in March, Zimbabweans were most likely to go to the polls in May 2011 this time around in order to unlock the logjam created by the inconclusive elections held in…
While the Harare City Council is mulling an intensive water disconnecting blitz on government departments, residents and businesses, the Bulawayo City Council (BCC) is piling up pressure on the government of national unity to pay up what it owes as the financially hamstrung municipality battles to keep in…
