Zimbabwe’s controversial programme to redistribute land taken from white farmers cost 1,5 million jobs, Finance minister Patrick Chinamasa has said.
Zimbabweans need to abandon their cash mentality and migrate to cash-lite transactions, the same way the country dumped the cheque system, a Cabinet minister said.
Germany has reportedly demanded compensation for land seized from its citizens during Zimbabwe's controversial land reforms, saying this was "an urgent and important issue".
Government has scrapped duty on the importation of locomotive spares in a bid to revive the cash-strapped National Railways of Zimbabwe (NRZ).
Zimbabwe has secured a syndicated loan put together by the African Export-Import Bank that will enable it to clear US$1,7 billion of arrears with the World Bank and African Development Bank.
Despite the critical state of the country’s dams which are collapsing one by one due to prolonged periods of neglect, government is still unable to fund their maintenance.
Jacob Mafume - Any person who shares the same view as the one presented by Mugabe at the WEF would be morally, ethically and cognitively sick. Such thinking needs medical or even surgical correction.
By Phillimon Mhlanga President Robert Mugabe’s embattled administration has for the first time admitted printing money in the form of a virtual currency through the Real Time Gross Settlement (RTGS), acknowledging this cannot be backed by…
Finance minister Patrick Chinamasa says government has assumed pharmaceutical manufacturer, CAPS Holdings (CAPS)’s, legacy debt. Despite growing calls for government to stop warehousing State enterprises’ debt, Chinamasa said Treasury was…
By Andrew Kunambura and Tendai Makaripe All love is lost, so carry the cross; Cause there’s no human in us left; We are music made for the deaf They play a game that they know they’ll never win; Sick and tired of the world they’re living…