PRESIDENT Robert Mugabe has ordered Cabinet to stop further dissolutions of boards of parastatals, in a move meant to protect the remaining directors of State enterprises from indiscriminate dismissals by their respective ministers whose underlying objective has been to replace them with boards that are acquiescent to their interests, the…
THE turmoil rattling the Movement for Democratic Change (MDC-T) has everything to do with a deepening financial crisis as the party’s traditional donors have turned off the taps, disillusioned by the dearth in effective leadership capable of taking the change agenda forward. Insiders within the party said since its formation…
A SIEGE mood has engulfed ZANU-PF ahead of its elective congress possibly in the third quarter of this year with the bitter succession contest, an erstwhile hot potato in the ruling party, assuming a life of its own despite attempts by President Robert Mugabe early this year to quash subtle…
SOME of the companies that had applied to sell prepaid electricity tokens to consumers have approached the Administrative Court contesting a decision taken by the State Procurement Board (SPB) to cancel the tender. This comes as Energy and Power Development Minister, Dzikamai Mavhaire (pictured blow), appointed Powertel Communications and its…
REVENUE being remitted to the fiscus has suffered a major knock in recent weeks owing to a worsening liquidity crisis that could result in government operations grinding to a halt unless Treasury secures a huge cash injection to avoid a catastrophe this second quarter, the Financial Gazette can report. Across…
CHRISTOPHER Mushohwe, the Provincial Affairs Minister for Manicaland Province has spoken for the first time on allegations that diamond companies operating in Chiadzwa deposited money into his personal account, challenging those making the claims to provide evidence to that effect or risk being sued for slander. Appearing before a Parliamentary…
WASHINGTON and Number 10 Downing Street are said to be at odds over who should take over from Movement for Democratic Change (MDC-T) leader Morgan Tsvangirai as the leadership renewal agenda gains momentum in the main opposition party. Since losing the 2013 harmonised elections, the MDC-T has been ravaged by…
ZIMBABWE’S plans to import coins from the United States to alleviate the shortage of coins for small denomination change has collapsed, meaning the country will continue to depend on South African rand coins in a predominantly US dollar economy. A Ministry of Finance senior official, Eria Hamandishe, said the plan…
THE leadership renewal debate reverberating within the troubled Movement for Democratic Change (MDC-T) has taken another peculiar twist with suspended deputy treasurer-general Elton Mangoma declaring this week that he is ready to assume the party’s apex position in the event that the movement’s membership repose its faith in him, the…