adminNo going back on austerity measures: ED
President Mnangagwa says Zimbabwe will undergo a “painful” reform process to achieve transformation and modernisation of the economy. Government is already implementing austerity measures and in an article published in the influential British publication, the Financial Times yesterday, President Mnangagwa said Zimbabwe would not back down from taking tough decisions.
Cabinet approves $5,3bn projects
Cabinet has approved the implementation 11 investment projects worth $5,3 billion, Information, Publicity and Broadcasting Services Minister Monica Mutsvangwa has said. Briefing the media after yesterday’s Cabinet meeting, Minister Mutsvangwa said work on the projects — which cut across various economic sectors — should begin immediately.
Agric beneficiation hub on cards
Anhui State Farms of China, which is being set up by the Zim-China Wanjin Agriculture Company in partnership with the Government, is set to establish an agricultural industrial hub for value addition and beneficiation of agricultural produce in Zimbabwe.
SEAL OF APPROVAL
Tadious Manyepo and Ellina Mhlanga ZIFA councillors yesterday moved to end any doubts to serve under Philip Chiyangwa when members of the congress endorsed his election, unopposed, ahead of the…
CHEVRONS CONTINUE TO TRAIL
DHAKA. — Zimbabwe made a firm riposte with the bat before Bangladesh’s spinners seized the initiative on the third day in Dhaka. Brendan Taylor reached his fifth Test hundred alongside…
IMF waits on 2019 Budget
Tawanda Musarurwa Senior Business Reporter The International Monetary Fund (IMF) mission chief to Zimbabwe Mr Gene Leon has said the Fund has taken note of reforms being undertaken by Government…
MDC-A slated for violence
Tendai Mugabe Senior Reporter Disturbances that led to the death of six people and damage to property on August 1 could have been avoided if MDC-Alliance had allowed the Zimbabwe…
EDITORIAL COMMENT: Zimbabwe is truly open for business
There is a breath of fresh air in Zimbabwe and investors are enjoying it. Now that the stink is no longer there, everyone wants to be friends with us. It’s…
We have no choice, but to embark on painful reforms
The process of change is not smooth. Some pain and discomfort along the way is inevitable. The arduousness of the path of reform can sometimes lead governments to stall or backtrack. But as a passionate reformer leading a reformist government, I know there is no other way. We cannot allow anything to slow us down.
Agribank posts $9,6m profit
Africa Moyo Senior Business Reporter Agribank recorded a $9,6 million profit between January and October this year driven by a number of factors chief among them strong growth in non…