Business

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Lukashenko Blue-Eyed Boys Zim Golden Deal

In March 2018, Belarus’ autocratic President Alexander Lukashenko dispatched his right-hand man Viktor Sheiman to Zimbabwe to negotiate trade and business deals on the government’s behalf. Sheiman has been one of Lukashenko’s closest allies ever since the 1994 electoral campaign that brought the strongman to power. After Sheiman returned from …

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PPPs Must Be Open To Public Scrutiny

The Bulawayo City Council (BCC) has been urged to be transparent on the Public-Private Partnerships (PPPs) it enters into in order to curb corrupt practices and promote stakeholder involvement. Public-private partnerships involve collaboration between a government agency and a private-sector company that can be used to finance, build, and operate …

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RBZ To Introduce Gold Coins

The Reserve Bank of Zimbabwe (RBZ) will introduce gold coins as it moves to create a new avenue for investors, central chief John Mangudya has said. The move comes as there has been increased demand for the United States dollar as a store of wealth leading to the sharp depreciation …

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Belarusian Tycoon’s African Footprint

ZIMBABWE and Belarus have become close allies, united by commercial and diplomatic interests — including shady deals between their leaders — all being carefully cultivated by the far-flung Eastern European country’s controversial tycoon Alexander Zingman. MOSES MATENGA Tellingly, Zingman is close to President Emmerson Mnangagwa and his counterpart Alexander Lukashenko. …

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NRZ Looting Unearthed

An internal audit has uncovered corporate governance rot, and looting at ailing parastatal National Railways of Zimbabwe (NRZ) with board chairperson Martin Dinha (pictured) and his board allegedly blowing millions of dollars on luxuries. The audit report, seen by the Zimbabwe Independent, exposes how the struggling parastatal lost millions of …

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Zim Sinks Deeper Into Debt Hole

The government last year added US$6,45 billion to the public debt as the Treasury assumed the former white farmer’s compensation fund under domestic debt and the Reserve Bank of Zimbabwe (RBZ) legacy loans. In the Treasury’s newly released 2021 Annual Public Debt Bulletin, public debt was ZW$1,86 trillion and using …

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