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Huge govt debt alarms economists

HARARE – Government’s insatiable appetite for borrowing has alarmed economists who warned that it amounts to mortgaging future generations. The country’s total debt stock is almost reaching $20 billion, excluding government’s indebtedness to former white commercial farmers whom it owes substantial amounts of money for land developments on seized farms. While the foreign debt stock…

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Magosvongwe to be subpoenaed

HARARE – The permanent secretary in the ministry of Local Government George Magosvongwe is set to be subpoenaed to compel him to release documents relating to the trial of former Cabinet minister Saviour Kasukuwere. Kasukuwere’s trial could not kick off this week after his lawyer Thembinkosi Magwaliba formally applied for further particulars as per section…

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ED, Zim mourn accident victims

HARARE – President Emmerson Mnangagwa yesterday led Zimbabweans in mourning the victims of the horrific accident which occurred along the Mutare-Harare highway on Wednesday. Initially 47 people were reported to have perished, while 80 others were seriously injured when two buses collided after one of them tried to overtake a haulage truck just outside Rusape….

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‘Dirty money’ ravages MDC

HARARE – Fresh fissures have emerged in opposition leader Nelson Chamisa’s MDC — amid damaging allegations of heightened factionalism and the use of “dirty money” to destabilise the party, the Daily News can report. This comes as Chamisa appeared to pull the rug from under the feet of his party rivals yesterday after he announced…

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‘Dirty money’ destabilses MDC

HARARE – Fresh fissures have emerged in opposition leader Nelson Chamisa’s MDC – amid damaging allegations of heightened factionalism and the use of “dirty money” to destabilise the party. [Adz] [GoogleAd]

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Council budget should reflect residents’ needs

HARARE –  Harare mayor Herbert Gomba has warned council that unless the 2019 budget reflects the peoples’ needs, it would not be passed on to Local Government minister July Moyo. During a mid-term review of his 100-day plan, Gomba emphasised that council employees and councillors alike needed to have a residents-oriented budget for it to…

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New tax not a hindrance: ED

HARARE – A two percent tax introduced by government last month should not be viewed as a hindrance to business, President Emmerson Mnangagwa said yesterday. If anything, he said the new tax measures are assisting in narrowing the huge budget deficit, which was being financed through borrowing. “I don’t think the two percent tax is…

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Zanu PF says no to restructuring

HARARE – ZANU PF secretary for administration Obert Mpofu has poured cold water on party members who are jostling for positions saying the party will not carry out a restructuring process soon, adding that they have to wait for the next congress. This comes as party members in various provinces are jostling for positions after…

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War vets divided over Zanu PF bigwigs

HARARE – Cracks have emerged in the Zimbabwe National Liberation War Veterans Association (ZNLWVA) over the fate of ex-Cabinet ministers assigned to the “Shake-Shake Building” to run the party’s affairs on a full-time basis. ZNLWVA Mazowe district chairperson Efanos Mudzimunyi told the Daily News yesterday that some of the 10 provincial chairpersons including Cornelius Muoni…

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‘US poured over $3 billion in Zim’

HARARE – Despite outrage by some sections over United States sanctions against Zimbabwe, the country’s ambassador to Zimbabwe Brian Nichols says his country has strived to maintain friendly relations. Nichols said this in Masvingo at a signing ceremony of the $475 000 financial grant which will go towards the rehabilitation of the Great Zimbabwe Monument…

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