President Mnangagwa yesterday negotiated a fresh financial package for Zimbabwe from the African Export-Import Bank (Afreximbank) after meeting the bank’s president, Professor Benedict Okey Oramah. The President met Prof Oramah on the sidelines of the Tokyo International Conference on African Development (TICAD) underway here. Speaking to Zimbabwean journalists after his meeting with the President, Prof Oramah said Afreximbank had agreed in principle to provide Zimbabwe with a financial injection for emergency food imports as well as a separate kitty for infrastructure development. “Those are the kinds of things we discussed (financial package) especially to be able to support food imports and also to enable the development of certain infrastructure, including ir
A MAN has appeared in court charged with murder following the death of a woman in a village.Wilfred Jacob, 42, of the Street, Great Saling, is alleged to have killed 41-year-old Linda Vilika at the same address on Monday, August 19.The charge comes after the body of 41-year-old Linda Vilika was found at a property in Great Saling on Monday.A post-mortem examination took place on Wednesday. It established that the provisional cause of her death was stab wounds, but further investigation is required, police said.Essex Police said: “We await the results of further tests, which will take several weeks.”After being taken into custody and charged with murder at the weekend, Mr Jacob appeared at Chelmsford Crown Court on Tuesday via video link to confirm his name and date of
The price of everything is going up in Zimbabwe and Econet are firmly in the race. For the second time this month Econet have reviewed upwards the prices of their social media bundles. Econet have telecommunication businesses all over the world from Africa , Europe & Asia. Starting 29th August 2019 Econet Will charge the following prices for data bundles. Something needs to change because the people of zimbabwe are suffering everying is going up except salaries and job creation. Econet Offices In Harare Zimbabwe In a shocking move last week State Media BILLIONAIRE and Zimbabwe’s telecoms mogul, Strive Masiyiwa’s Mauritius incorporated Econet Media Limited, has put up for sale its shares in the satellite broadcast business in 13 countries, mostly Africa
Zimbabwe, the country I serve as finance minister, has been in the news for restricting the use of the US dollar and other international currencies as legal tender. Why would we want to return to our own currency, given such recent, home-made, experience of monetary turmoil? The answer can be found in our recent history. Following hyperinflation at the close of 2009, and to stem the instability produced by bad governance and fiscal ill-discipline, a mixture of other nations’ bills — the US dollar, British pound, South African rand, the euro, the Chinese renminbi and the Botswanan pula — became Zimbabwe’s medium of exchange in place of the Zimbabwean dollar. But while this curtailed household prices — its primary purpose — today it is outdated. It is ov
Genius Kadungure’s lawyer Mr Jonathan Samukange yesterday gave notice in court that he will apply for the removal of his client from remand if the prosecution fails to furnish them with State papers and a trial date on their next appearance. This was after the State led by Mr Sebastian Mutizirwa had applied for a postponement of the matter to September 4. Harare magistrate Mrs Rumbidzai Mugwagwa ruled in favour of the State and the matter was deferred to September 4. Kadungure is facing charges of fraud, tax evasion and money laundering. Allegations against Kadungure are that between February 2009 and May 2016, his company Piko Trading Private Limited misrepresented to the Zimbabwe Revenue Authority (Zimra) that it made total sales of $2 777 678, inclusive of Value Added
President Mnangagwa yesterday told the high-level Tokyo International Conference on African Development (TICAD) that his administration is committed to comprehensive economic reforms and making the country a safe destination for investment. He lauded Japan, saying the world’s third largest economy had a “critical role to play for Africa’s economic transformation, diversification and industrialisation”. The President made the remarks while addressing a plenary session at the three-day TICAD 7 Summit, which was officially opened yesterday by Japanese Prime Minister Shinzo Abe. A number of African Heads of State are attending or are highly represented at the summit which seeks to stimulate trade and investment between the continent and Japan. President Mnan
The Zimbabwe Anti-Corruption Commission (ZACC) has recovered over $10 million since it assumed office and has vowed to continue pouncing on Government officials who abuse their positions for self-enrichment or interfere with judicial processes. Latest statistics however indicate that Zimbabwe loses about $4 billion per year into corruption. So if one considers the fact that Zimbabwe is a $16 billion economy and 25 percent of that is lost, then you can actually project that in Zimbabwe we are losing about $4 billion through corruption. The money which ZACC recovered mainly was mainly minor sources like tax evaders and individuals who had acquired illicit wealth but not the dominant political figures and the elite private sector individuals who milk the country dry. he anti-graft bo
Embattled former Old Mutual CEO Peter Moyo has lodged an urgent application for the board of Old Mutual and its chairperson Trevor Manuel to be declared as having deliberately interfered with the functioning of the courts. In a new affidavit, the on-again, off-again Old Mutual head stated that his second axing by the financial services giant on August 22 was “deliberately calculated to undermine the efficacy of the judgment of this court”. In an open letter published on its website last week, Old Mutual said it took the step to terminate Mr Moyo’s tenure as CEO for a second time “after legal advice and on careful reflection by directors, with proper regard to their fiduciary duties to the company”. Mr Moyo is currently challenging in court h
The Nelson Chamisa-led MDC has shifted focus from major cities and now wants to carry out its anti-government protests at growth points and smaller towns starting this Friday. The opposition party leadership has since notified police in Mashonaland East, Manicaland and Mashonaland West on plans to protest at growth points and smaller towns in the provinces on Friday and Saturday. In Mashonaland East, protests are targeting Mahusekwa, Mutoko, Murehwa, Marondera, Goromonzi and Wedza, while Rusape, Chipinge and Nyanga are prime targets in Manicaland. MDC Manicaland provincial spokesperson David Panganai confirmed the planned protests. NewsDay is reliably informed that mobilisation in the rural areas, a Zanu PF stronghold, has begun with disgruntled citizens expected to lead protes
Citing government’s dismal human rights record, as well as “bureaucratic wrangling and bungling and inefficiencies, incompetence, not enough change agents, basic fear of change as well as an imaginative deficit that cannot see beyond the present”, Petina Gappah, a lawyer and writer, last week left her position as a trade and investment adviser to President Emmerson Mnangagwa. However, Gappah absolved Mnangagwa from the grim mess gripping government. Instead, Gappah chose to blame government officials who want to “eat” for derailing a “difficult transition”. But, as Zimbabweans can attest to, Mnangagwa’s leadership has been anything but exemplary, visionary or altruistic. His deployment of ZNA soldiers who killed 6 civilians on August 1,
