A civil servants umbrella body has warned the Public Service Commission (PSC) against interfering in the affairs of the Premier Service Medical Aid Society (PSMAS) as it should be governed by its members and constitution. The warning by the Zimbabwe Confederation of Public Sector Trade Unions (ZCPSTU) comes after PSC secretary …
Read More »Govt Must Address Poverty Levels In Zimbabwe: ZIMCODD
THE Zimbabwe Coalition on Debt and Development has challenged government to ensure the huge economic growth it reported recently corresponds with the welfare of the country’s citizens. Government claimed the economy grew by 7,8% last year despite growing poverty levels. Speaking to NewZimbabwe.com Business on the side-lines of the launch …
Read More »Zim Moves To Clear External Arrears
Zimbabwe will go for the Heavily Indebted Poor Countries (HIPC) Initiative or use own resources and bridging finance as it moves to clear external arrears, the International Monetary Fund (IMF) has said. The IMF says Zimbabwe is faced with high public and publicly guaranteed external debt burden indicators and external …
Read More »Dollarisation Juggernaut Rolls On…As Market Jostles For US$
Government’s implementation of the de-dollarisation policy to safeguard its monetary sovereignty is a failed policy as the market has rejected the local currency in favour of the greenback, multiple economists and captains of industry have said. The push for the greenback has seen several companies coming up with dollarised packages. …
Read More »Former Swiss Bank Boss Pierin Vincenz Jailed, Banker Put Strip-Club Visits On Expenses
The former head of a Swiss bank has been sentenced to nearly four years in jail for charges including fraud. The court in Zurich heard that Pierin Vincenz, 65, had used his company credit card to pay for strip clubs, Tinder dates, holidays and dinners. Public interest in the case …
Read More »UMP Villagers Blast Zanu PF For Lies
Villagers in Maramba-Pfungwe have blasted Transport and Infrastructure Development officials over the slow progress in the rehabilitation of Murewa-Madichecha road which began several years ago. The villagers vented their anger of government officials following a visit to the area by the Transport and Infrastructure Development parliamentary portfolio committee. A number …
Read More »As Shanghai Lockdown Drags On, Fears Grow For Global Trade
At a chemist in the upmarket neighbourhood of Koramangala in Bengaluru, India, owner Ram Narain anxiously asked one of his workers to check stocks of a long list of medicines scribbled on a sheet of paper. As the employee yelled back numbers, Narain shook his head. Asked what was worrying …
Read More »Bulawayo Undergoes Major Facelift Ahead Of Mnangagwa Visit
GOVERNMENT and the Bulawayo city council have embarked on a vigorous facelift of some of the city’s dilapidated roads and infrastructure ahead of President Emmerson Mnangagwa’s Independence Day visit. The main celebrations are being held in the second largest city for the first time since independence in 1980. Mnangagwa is …
Read More »Police Summon Mnangagwa Challenger
In a strange move viewed as intimidatory, police have invited Zanu PF youth league member Sybeth Musengezi (pictured) for “interviews” at the Harare Law and Order section. Musengezi is challenging the legitimacy of President Emmerson Mnangagwa’s rise to the ruling party’s helm. Police have been hunting for Musengezi for unknown …
Read More »Potraz Pursuing Internet Access In Rural Areas Although Data Tariffs Remain High
POSTAL and Telecommunications Regulatory Authority of Zimbabwe (Potraz) is focusing in increasing Internet access in the rural areas. Presenting the Postal and Telecommunications 2021 fourth quarter sector performance in Harare on Tuesday, Potraz director general Gift Machengete said low disposable income was limiting majority of citizens access to data. “Our …
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