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Gift Mugano

Professor Gift Mugano: Unpacking why the new Zimbabwe currency will fail

Professor Gift Mugano: “Yesterday (15 April 2024), Honourable Christopher Mutsvangwa held a press conference and as usual he went on rampage calling me all sorts of names because I raised reservations on the new currency [Zimbabwe Gold (ZiG)]. I thought that it is fair that I provide a breakdown of the reasons why the ZiG will fail. The ZiG will not be killed by Gift Mugano’s negativity as Amb Mutsvangwa would like to insinuate but by massive policy missteps mainly by the Reserve Bank of Zimbabwe and Treasury as well as the absence of structural policies.”

Apr 17, 2024 Read more

Gift Mugano: Unpacking the CCC manifesto launched by Nelson Chamisa

By Gift Mugano (PhD)

I carefully read the CCC manifesto launched by Nelson Chamisa yesterday.

This manifesto addresses the root causes affecting our economy which I empathetically raised over the years with no takers!

I will not attempt to summarise the manifesto but will share major highlights centred on governance and the economy.

Aug 09, 2023 Read more

ZimCoke-Zisco deal in limbo . . . as questions arise over debt takeover

By Martin Kadzere

The takeover of some Zimbabwe Iron and Steel Company (Ziscosteel) properties by ZimCoke has reportedly reached the home stretch amid revelations the investment vehicle fronted by former Bulawayo legislator Mr Mr Eddie Cross is now seeking tax clearance certificates to facilitate the official transfer of the assets.

Through its lawyers, Titan Law, ZimCoke recently wrote to Ziscosteel requesting a representative for interviews at the Zimbabwe Revenue Authority (Zimra), a procedure that is part of the process of transferring the assets.

“Kindly advise on the details of the representative who will attend the Zimra interview as we are under pressure to conclude the transfer,” reads part of the letter addressed to Ziscosteel.

However, the parastatal’s acting board chairperson, Dr Gift Mugano, said there was “no way” the deal could proceed as it was in dispute.

Apr 26, 2020 Read more

Ziscosteel CEO retires

Ziscosteel chief executive officer, Mr Alois Gowo, has retired from the now defunct parastatal after serving the company for 35 years.

Feb 24, 2020 Read more

Zisco seeks clarity on debt

The Zimbabwe Iron and Steel Company (Zisco) board has written to Government seeking confirmation of transfer of the US$225 million debt owed to a German bank by the company to ZimCoke, an investment vehicle that acquired some of the mothballed former steelmaking giant’s assets.

Feb 02, 2020 Read more