The Zimbabwe Independent - The Leading Business Weekly

Zimbabwe hunts for new diamond markets

ZIMBABWE is hunting for alternative markets for its diamonds amid indications government may dump Antwerp World Diamond Centre in Belgium
How Zimbabwe Intelligence organisation siphoned US$70m loan facility

FURTHER details have emerged on how the shadowy CIO squandered US$70 million provided by the Chinese government
China fears Zimbabwe risk

CHINA is baulking on providing a rescue package through structured deals to President Robert Mugabe’s government
AMWUZ, Chamber of Mines set for arbitration

THE 2014 protracted wage negotiations between the Associated Mine Workers Union of Zimbabwe and the employer body the Chamber of Mines is heading for arbitration.
Allied boss steps down

Allied Bank CEO Stephen Gwasira and the institution’s head of retail banking Herbert Ncube have stepped down from their positions.

Revenue crisis: Govt in ‘obfuscatory guesswork’

THE dire warning from the Zimbabwe Revenue Authority (Zimra) that the country faces tougher times ahead with the cash-squeeze worsening

Capitalise on IMF spring meetings

FINANCE minister Patrick Chinamasa is expected to attend spring meetings of the International Monetary Fund (IMF) and World Bank Group in Washington DC

Political naïvety laid bare

AFTER President Robert Mugabe and Zanu PF’s controversial landslide victory in last year’s general elections, which almost wiped out the main opposition MDC

Govt blitz stalls POSB restructuring

RESTRUCTURING of the state-owned institution, POSB, has been stalled by unavailability of capital and government’s blitz on parastatal bosses’ hefty salaries and perks.

Politics

Govt to fork out US$15m on MPs’ cars

THE cash-strapped Zimbabwe government will splurge close to US$15 million on luxury cars for its 355 legislators at a time government is struggling

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Govt fuels liquidity crisis

Government is fuelling the country’s already critical liquidity situation as it emerged this week that the state accounted for 60%

MDC-T moves to expel Mangoma

THE troubled MDC-T is moving to expel suspended deputy treasurer-general Elton Mangoma as well as his lawyer Jacob Mafume,

Power struggles reign as the country bleeds

SEVEN months after President Mugabe appointed a bloated cabinet, there is nothing to inspire hope that the government will deliver on its promise to revive the ailing economy.

New details on Mugabe’s extra votes

THE Research and Advocacy Unit has released a new report which questions the source of President Robert Mugabe’s controversial one million extra votes in the July 31 elections.

Business

RBZ Congratulatory – 11 April 2014

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Mugabe re-election economic albatross

WHEN President Robert Mugabe and his Zanu PF party won the 2013 July general elections, their major task was to revive the economy.

AMWUZ, Chamber of Mines set for arbitration

THE 2014 protracted wage negotiations between the Associated Mine Workers Union of Zimbabwe and the employer body the Chamber of Mines is heading for arbitration.

Formalise informal sector: Govt urged

REVELATIONS that a staggering US$7 billion is circulating in the informal sector when the country is suffering from a debilitating liquidity crunch is a major concern.

Insurance industry reports 14% growth

ZIMBABWE’S insurance industry has reported a 14% growth in outstanding claims and a 1% increase in debtors for the year ended December 2013.

Opinion

Women struggle to make parliament impact

WHILE more women made it into Zimbabwe’s Eighth Parliament after the July 31 general elections last year, they are still to make their mark in parliament.

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Salarygate: Time to shut the gate

There have been lots of noises in all forms of media about the apparent exorbitant salaries that have been pocketed by executives in state-owned Enterprises and other public entities.

Blasting Europe won’t resolve Zim’s problems

‘Mkapa attacks ‘silly’ Europe over Zim,” the Sunday Mail declared last Sunday quoting former Tanzanian president Benjamin Mkapa in a dreary and soporific interview.

Prepare for a whole new food fight

If you want to go on eating regularly in a rapidly warming world, then live in a place that’s either high in latitude or high in altitude.

Govt needs to tackle widespread poverty

ZIMBABWE is experiencing many scarcities and shortages.

Sport

Highlanders misses out on transfer jackpot

Highlanders duo of Milton Ncube and Peter ‘Rio’ Moyo have both agreed terms with Ajax Cape Town and Mpumalanga Black Aces respectively.

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Zim Cricket starts afresh

Zimbabwe Cricket (ZC) has cleared its debts courtesy of a financial injection from world governing body the International Cricket Council (ICC).

Confusion hits PSL

Confusion reigns in the country’s top-tier league over the formula to be adopted for promotion and relegation to and from Division One leagues.

Castle Lager Premier League erupts

THE four-month wait is over; Castle Lager Premier League football returns with promises of yet more enthralling entertainment and bruising battles.

Chiefs ace confident of qualification

Sharp-shooting striker Knowledge Musona is confident that Chiefs will come good tomorrow evening in their Caf Champions League clash with AS Vita of the DRC.