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Parly budget draft dismissed

In an interview on Tuesday, Constitutional and Parliamentary Affairs Minister, Eric Matinenga, said the government and Parliament were now working on a new budget.“They came up with a draft, but it’s being re-looked at by the parties involved to come up with a true figure, a figure that…

Sibanda illegally in office

The Movement for Democratic Change (MDC-M) vice president lost the Nkulumane parliamentary seat to the MDC-T, but was in February appointed one of the three Ministers of State responsible for National Healing and Reconciliation alongside ZANU-PF’s John Nkomo and Sekai Holland of the larger faction of the MDC.But…

Zim exports to US beat AGOA countries

AGOA is a duty-free and quota-free trade preference regime granted to selected African countries by the Bill Clinton administration in 2000.Zimbabwe currently accounts for more diverse trade flows into the US than most eligible countries despite market access restrictions,Currently 39 sub-Saharan African countries, excluding Zimbabwe, and about 7,000…

Premier Finance appoints Wood new CEO

The consortium consists of investment banker George Manyere, who had been interim CEO, chartered accountant Walter Kambwanji and marketer Douglas Mamvura.Prior to his appointment, Wood has been the executive director, southern region of Premier Banking Corpo-ration. He has extensive experience in corporate and investment banking having led teams…

Fewer takers for customs union

So far, about eight countries in the FTA have withheld their signatures saying they are either not ready for it, indifferent or not convinced with the trade creation potential of the new trade arrangement, which many feel was launched prematurely.Not more than three signatures, from Egypt, Kenya and…

Infighting rocks inclusive govt

Court documents obtained by The Financial Gazette this week confirm startling power struggles in the unity government, which critics blame for the poor performance of the four-month-old coalition.The documents reveal that top ZANU-PF officials in the Ministry of Media, Information and Publicity defied directives from the Premier regarding…