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‘Politicians not abusing Zamco facility’
THE Zimbabwe Asset Management Company (Zamco), a special purpose vehicle created to take over non-performing loans (NPLs) from banks as a means of cleaning up their balance sheets, is aiming to have...
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Zamco takes up $539 million bad loans
A SPECIAL purpose vehicle created by the Reserve Bank of Zimbabwe to absorb non-performing loans (NPLs) says the level of bad loans is now on an upward trend after it absorbed NPLs totalling US$539...
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Chiwenga takes bond notes to the barracks
Amid a rapidly deteriorating economy and rising social unrest over cash shortages that have seen people sleep in bank queues, Zimbabwe Defence Forces (ZDF) commander General Constantino Chiwenga has...
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Mugabe dumps Jonathan Moyo
PRESIDENT Robert Mugabe ordered Higher Education minister Jonathan Moyo to hand himself over to the Zimbabwe Anti-Corruption Commission (Zacc) over allegations of abusing US$430 000 belonging to the...
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‘Economic failure a ticking timebomb’
IN a frank confession that has shone a spotlight on Zimbabwe’s multifaceted crisis, Finance minister Patrick Chinamasa yesterday conceded that the country is considered “a rogue state” and this makes...
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Job losses bleed Nssa
THE National Social Security Authority (Nssa) lost close to 18 000 contributors due to retrenchments and company closures as at September 31 2016 on the back of a floundering economy, official figures...
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Govt conducts civil service audit on ZPCS
GOVERNMENT has embarked on a staff audit for the Zimbabwe Prisons and Correctional Services (ZPCS) as the desperate cash-strapped Treasury seeks to create fiscal space amid dwindling revenues, it has...
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Employers engage Zacc over Zimdef scam
EMPLOYERS have resolved to engage both the Zimbabwe Anti -Corruption Commission (Zacc) and Higher Education minister Jonathan Moyo in seeking clarity on the allegations levelled against the minister...
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Govt glosses over human rights
HUMAN rights organisations have reacted with cynicism to government’s pledge to embark on far-reaching rights reforms, saying the authorities lack the political will to tackle serious violations. BY...
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Trump in dramatic US election victory
REPUBLICAN presidential candidate Donald Trump made history on Tuesday and sent shockwaves across the world after winning the United States of America presidential election. By Elias Mambo in New York...
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Mugabe unfit to run in 2018
AS Zimbabwe’s 2018 election draws closer, important questions are emerging with regards President Robert Mugabe’s state of health and fitness to vie for re-election. By Hazel Ndebele The leader’s...
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Zimdef scandal: Zanu PF report implicates party
A REPORT compiled by a Zanu PF ad hoc committee set up to look into the alleged abuse of the Zimbabwe Manpower Development Fund (Zimdef) by Higher Education minister Jonathan Moyo and his deputy...
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Govt frantic to get US$600m
…as AfDB board meets LESS than two months before the window for accessing the African Development Bank (AfDB) bridge facility closes, Zimbabwe is frantically scrambling to secure US$600 million from...
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Mugabe gives Tsvangirai cash
DESPITE long-standing rivalry with President Robert Mugabe, opposition leader Morgan Tsvangirai, currently battling cancer of the colon, received a shot in the arm from an unlikely source — the Office...
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Military key in Zim political matrix, says UK think-tank
AS Zimbabwe’s multi-faceted crisis worsens with no solutions in sight, Chatham House, a leading think-tank close to the British establishment, has played up the role of the military in the much-needed...
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Uncertainty in Zim over Trump win
ZIMBABWEANS living in the United States say they hope the election of Republican Party maverick Donald Trump as president of the world’s sole superpower — which created a cloud of uncertainty around...
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Zanu PF succession battle rocks cabinet
ZANU PF factional and succession power struggles are now spilling into government business with ministers crossing swords in cabinet last week as the internal strife spiralled out of control. By Elias...
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Bond notes a complete disaster for Zim: Hanke
ZIMBABWE Independent business writer Taurai Mangudhla (TM) interviewed world-renowned currency expert Steve Hanke (SH), a professor of Applied Economics and co-director of the Institute for Applied...
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Over 5m people in Zim in need of food aid
Over five million people in Zimbabwe will require food aid by March 2017, as the southern African country faces its worst drought in two decades, a United Nations (UN) report has revealed. By Hazel...
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Prosecutor-General in a fix
THE controversial appointment of Acting Prosecutor-General (PG) Ray Goba came under further scrutiny this week with the constitutionality of his handpicking for the job being questioned. By Kudzai...
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