Zimbabwe's Finance minister Mthuli Ncube belongs to both. But his recent attempt to mislead Zimbabweans into accepting that the economy is stable in the midst of excruciating pain is not only an insult to an educated population but also at variance with what is expected of bankers.
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“We are also going to look at Binga airport in the not too distant future. Beitbridge aerodrome is currently operational and there is an arrangement between all the stakeholders from security agents, immigration, Zimra, and Caaz,” Gusha said. “So there is activity going on. Beitbridge Council is active in that regard and we hope to work with all the other councils to revive council aerodromes that are of strategic importance.”
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We are proud to announce the completion of an advanced platform to effectively support the telecom regulator of Zimbabwe, Potraz, in crucial aspects of its mandate. The setup phase began in 2021 and the experience has been positive.
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The sprawling estate, formerly known as Foyle Farm before the property was parceled to the Agricultural and Rural Development Authority (Arda) by the then Agriculture ministry, measures 1 200 hectares.
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Freeth, who represents several white former commercial farmers whose land was parcelled out and given to landless blacks during the contentious programme, told the Zimbabwe Independent last week that by depriving citizens of title deeds for land, Zimbabwe was shutting doors to any hope of accessing bank loans by local farmers.
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Rwanda is hosting the Commonwealth Heads of Government Meeting (Chogm) 2022 where Zimbabwe will be seeking readmission after ditching the bloc in 2003 at the height of former president Robert Mugabe's chaotic and violent land reform programme. The year before (2002), the Commonwealth had suspended Zimbabwe citing deterioration of human rights, collapse of rule of law, and shrinking democratic space – cardinal values which guide the 53-member organisation composed mostly of former British colonies.
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“The volatility of the exchange rate and high inflation puts pressure on operating costs. We use replacement cost-based pricing to protect margins,” Delta Beverages general manager-corporate affairs Patricia Murambinda told the Zimbabwe Independent in emailed responses.
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The asset was sold to Eagle Owl JNP, a company registered in Mauritius and owned by Kasada Hospitality Fund LP, an affiliate of Kasada GP Limited, according to sources who said the buyer has the backing of the Qatar Investment Authority.
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After the action, with less than five minutes to play in the game and with Boston clearly leading by double digits, Curry got up and returned to the TD Garden court, however, after some time out, along with the rest of the starters from both teams he was removed to rest the rest of the garbage minutes.
The post Steph Curry injury sets off alarm bells for Warriors appeared first on The Zimbabwe Independent.
South Africa-born tight head Kumbirai, who has played for South African rugby franchises Sharks and Stormers was on the books of French side SA XV Charente Rugby and played a key role as they secured promotion from the third tier Nationale to the Pro D2 competition.
The post Injuries shut France-based duo out of Sables qualifier appeared first on The Zimbabwe Independent.
Portfolio investors preferring Zimbabwe as a destination will have to make much more than those in the region to enjoy the same return from their investment. The higher cost is a deterrent to portfolio investment, which has generally been declining over the past seven years. Foreign investors have been seeking to exit Zimbabwe (ZSE) more than they have been willing to enter.
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The current GMB purchase price of about ZWL$58k per tonne, which is anything from $111 to $180 depending on the rate used, falls far below the international price and is not conducive for farmers to continue farming.
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As for the cabin’s design, it again mirrors some upmarket influences in its styling and detailing. There’s some Mercedes in the front door cards, and a fair bit of BMW and Audi in the dashboard. But, yet again, it doesn’t look like a mash-up as much as it looks like it borrowed from the best in the business, before integrating it all into a homogeneous whole.
The post Motoring: The Chinese raise the bar with Cherry Tiggo appeared first on The Zimbabwe Independent.
These earthly followers see themselves as the executive arm of their god’s powers, which mysteriously only function through human agency. (Waiting for direct divine punishment of the critics is only for sissies.) The faithful followers claim uncontrollable outrage and attack the attackers. As, for example, in India now.
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Chamisa cried foul. He approached the apex court seeking to overturn the election results but he lost. What followed was Chamisa’s complaints about Mnangagwa’s lack of legitimacy. The Citizens Coalition for Change leader publicly refused to acknowledge Mnangagwa’s presidency.
The post Candid Comment: Why does Zim still trust this govt? appeared first on The Zimbabwe Independent.
Mugeyi — a lethal striker who rose to prominence while playing for Black Aces in Zimbabwe during a successful career that also took him to South African clubs Bush Bucks and Ajax Cape Town as well as to Israel and China where he played for Maccabi Haifa and Shenyang Haishi respectively — cited talented players who rose to stardom during his era as evidence of what a meaningful development policy can yield.
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Choruma has since occupied part of the Amandas Estates and recently drilled a borehole despite a restraining order issued by the Magistrates Court to protect the other farmer and industrialist Prosper Muchenje — who was originally allocated the 200-hectare land in 2013.
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“Sino Truck had in stock 17, 4x2 Isuzu single-cab vehicles and was having problems in obtaining US dollars cash, for the payment, from the Reserve Bank of Zimbabwe (RBZ) auction system,” the Ministry of Local Government and Public Works said.
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What most were not aware of was that before the game they had a surprise visitor which is bound to take the SUV segment head on. The new vehicle is expected to bring stiff competition to a segment which has now become a dog eat dog sector.
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“The re-engagement looks more distant than ever, especially as the world slides into a new cold war and Zimbabwe is certainly on the wrong side of history. I know some may not agree with me. Government is not making progress because of the tough global climate and even in rankings, Zimbabwe is always at the bottom”.
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Moyo, as reported by this publication last week, is under investigation by the Zimbabwe Anti-Corruption Commission (Zacc) over his role in the procurement of US$9,3 million water pumps for the City of Harare from Petrichor without going to tender in 2019.
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The externalisation scandal is being laid bare only a few weeks after the Zimbabwe Independent first reported that Ahmed dribbled past authorities to buy the gems using a relative as he is blacklisted.
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The clear choice, as this debate is about, between re-dollarisation and somehow to reconvert the status quo of random walking policies, staggering from one policy to another into a viable macro-economic programme, it is critical to emphasise one central reality which is often forgotten in Zimbabwe these days: Exchange rate policy is not an independent vehicle. Exchange rates are driven by a variety of economic, political and social factors.
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The civic group Zimbabwe Coalition on Debt and Development (Zimcodd) recently said the increase in IMMT on domestic US dollar remittances from 2% to 4% exerts a disproportionately negative impact on the poor majority who have small foreign currency balances.
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There are professionals that will be offering services to the pension’s scheme members. At the end of the day the law requires that those assets be protected. That’s section 16 of the Pensions Act as read with section 29.
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There are indications that despite a government order to cease all mining activities in the area pending consultations, Chinese miners have continued with operations at the expense of the sanctuary and livelihoods of the local community.
The post Chinese mining firms defy govt… continue mining activities in sacred Mavuradonha Wilderness appeared first on The Zimbabwe Independent.
The project to move Harare’s central business district was mooted in 2012 during the late President Robert Mugabe’s government leading to the construction of the gigantic new parliament building in the same area.
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The tobacco sector has of late been invaded by a group of unscrupulous traders who were involved in fleecing off farmers through inflating input prices as well as a number of allegations related to transfer pricing.
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The Kimberley Process and Certification Scheme(KPCS),which granted Zimbabwe the greenlight to market its diamonds in 2010 was in the country last week, nearly a decade after it conducted its last review on the southern African country's mining operations.
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The US$9,3 million scandal, which was first exposed by this publication on March 12, 2021, is premised on how Moyo cherry-picked Petrichor Irrigation to supply water pumps without going to tender at a steep cost.
The post Zacc goes for July Moyo over dodgy pumps deal appeared first on The Zimbabwe Independent.
Jannie Rossouw Inflation is a process of sustained increases in the general price level over a period of time, typically 12 months. Inflation can be calculated for a country, for specific regions in a country and for different income and demographic groups, for instance pensioners. These different calculations are important because the spending patterns of […]
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Katembenuka, a 34-year-old seasoned teaching professional, who runs the popular Price Golf Range in Emerald Hill on the outskirts of Harare was in fine form as he turned back the years with a fine round at Royal Harare.
The post Katembenuka carries Zim Open locals hope appeared first on The Zimbabwe Independent.
The Zimbabwe Stock Exchange (ZSE)-listed Cafca, said in regulatory filings Friday that it was further affected by a halt in exports to Malawi after struggling to secure an exchange control greenlight for payments.
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The challenges are around sustainability of the new players and the media industry in general. While for the broadcasting sector, it is the issue of securing cutting edge technologies and equipment, recently we saw the print side struggling with procuring the newsprint.
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The group’s cost of production and overhead expenses during the period under review also continued to increase as suppliers and service providers adjusted prices in line with the devaluing local currency.
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Many teachers in public schools were left exasperated when their bank accounts reflected insignificant amounts on their payday early this week. Government teachers are getting an average of ZW$35 000 which fetches about US$81 on the foreign currency parallel market.
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In an interview, Ministry of Local Government and Public Works Director for Special Planning Honesty Magaya said the government remains bullish on the bus company’s prospects and will continue enhancing its operational capacity and quality of service.
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"Zimbabwe sells diamonds to Israel through the standard Minerals Marketing Corporation of Zimbabwe (MMCZ) procedure that has been in place for years. In addition, we are promoting construction of an advanced diamond cutting and polishing plant with the help of Israeli technology and knowledge.
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The post Diamond polishing plant mooted appeared first on The Zimbabwe Independent.
This is not the first time flights in and out of the Joshua Mqabuko Nkomo Airport have been delayed, suspended or re-routed after two aircraft were unable to land at the airport because airport guidance systems failed in December last year.
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