BUSINESS NEWS

'Illicit financial flows lead to budget deficit'

The Zimbabwe Coalition for Debt and Development (Zimcodd) says lost revenue through illicit financial flows (IFFs) has far reaching consequences on the fulfilment of social and economic rights as it h...

By Staff reporter | Published: 11 July 2018

OPINION

Turning dream of a $10bn budget into reality

IT is now 24 days to D-Day - the day of democracy, when we all go to a polling station and at the cost of about $50 each (the cost of an election in Zimbabwe) we are asked to appoint our next batch of...

By Eddie Cross | Published: 06 July 2018

INDUSTRIALS & ENERGY

Zimpapers revenue ahead of budget

LISTED diversified media group Zimpapers registered revenue growth for the first five months of the year on the back of positive performance across all its divisions.Zimpapers chief executive Pikirayi...

By Staff reporter | Published: 21 June 2018

BUSINESS NEWS

Zimbabwe budget deficit to remain above $1bn

ZIMBABWE'S budget deficit is set to remain above $1 billion despite government's efforts to rein in fiscal spending, economists have said.For years, a persistent fiscal deficit has been the underlying...

By Staff reporter | Published: 24 May 2018

BUSINESS NEWS

WATCH: Chinamasa on reforming Zim's budget structure

PUBLIC finance plays a crucial role in advancing industrialisation policies across Africa.CNBC Africa's Kenneth Igbomor caught up with Zimbabwe's Minister of Finance, Patrick Chinamasa and discussed h...

By CNBCAfrica | Published: 23 May 2018

TELECOMS & TECHNOLOGY

Govt re-aligns content budget

Government has re-aligned budget allocations to communities countrywide to enhance the production of more content for the ongoing digital migration programme, Information, Media and Broadcasting Servi...

By Staff reporter | Published: 21 May 2018

TRANSPORT & TOURISM

Shearwater plans nationwide budget lodges

TOUR operating company Shearwater Adventures has set aside more than $30 million to construct budget lodges countrywide, chairman, Mr Mike Davis, has said.Yesterday the firm commissioned its Explorers...

By Staff reporter | Published: 04 May 2018

BUSINESS NEWS

Zim's lack of budget transparency discourages investors

ZIMBABWE has been ranked 23 out of 100 countries (Open Budget Survey 2017) in budget transparency, an unimpressive ranking, which has an effect of pushing away investors and external funding.A recent ...

By Staff reporter | Published: 04 April 2018

BUSINESS NEWS

Zim ranked 23 on budget transparency

ZIMBABWE has been ranked 23 out of 100 countries in terms of budget transparency, according to the 2017 Open Budget Survey.A recent report by the Parliament Budget Office (PBO) said Zimbabwe's budget ...

By Staff reporter | Published: 30 March 2018

OPINION

On Zimbabwe and the first post-Mugabe budget

Zimbabwe's Minister of Finance and Economic Development, Patrick Chinamasa, presented the first post-Mugabe era budget on 7 December 2017. The budget has received excellent reviews as has the two spee...

By Alfred Mthimkhulu PhD | Published: 17 December 2017

BUSINESS NEWS

'Zimbabwe budget targets unrealistic'

Finance minister Patrick Chinamasa's budget speech sets a good precedence in terms of policy thrust of reform and economic resuscitation with clear government austerities, international community enga...

By Staff reporter | Published: 14 December 2017

BUSINESS NEWS

'$1.2 billion capital budget not enough'

THE $1.2 billion capital expenditure in the 2018 National Budget Statement is not adequate to drive robust growth in the economy.Industry and commerce experts said this in Bulawayo yesterday during a ...

By Staff reporter | Published: 13 December 2017

BUSINESS NEWS

Budget slashes millions from commissions

Finance minister Patrick Chinamasa's 2018 budget dramatically reshapes Constitutional commissions, requiring millions in cuts to mandatory programs to set them on a path for a major overhaul.The $5,1 ...

By Staff reporter | Published: 12 December 2017

OPINION

Does Chinamasa's budget pass the test?

Well, it has come and gone. Finance and Economic Development Minister Chinamasa delivered an interesting budget which, as was expected, had its own fair share of highs and lows.The much anticipated bu...

By Clive Mphambela | Published: 12 December 2017

BUSINESS NEWS

MDC Alliance shoots down budget

THE MDC Alliance has dismissed the 2018 National Budget presented by Finance minister Patrick Chinamasa on Thursday as "shallow and lipstick reforms" that will not impact on the economy.This came as o...

By Staff reporter | Published: 10 December 2017

BUSINESS NEWS

Chinamasa's 2018 budget gets thumbs up

Finance and Economic Planning minister Patrick Chinamasa has set the tone for economic recovery, ticking the right boxes with a raft of reforms, analysts have said.In his 2018 National Budget present...

By Staff reporter | Published: 10 December 2017

OPINION

Budget should unlock country's agricultural potential

A FEW days ago I listened to a business discussion that was made by a Zimbabwean business mogul at one of the prestigious universities in the United States of America. This was Mr Strive Masiyiwa, ch...

By Mhlupheki Dube | Published: 10 December 2017

OPINION

Take aways from the budget

Let me start by thanking Finance and Economic Planning Minister Patrick Chinamasa and the Parliamentary Portfolio Committee on Budget and Finance for the job well done.I participated in budget consul...

By Dr Gift Mugano | Published: 10 December 2017

OPINION

Budget has many bright spots

At the beginning of 2017 Finance minister Patrick Anthony Chinamasa was voted the best performer.We also included the new President Emmerson Mnangagwa who was the vice president then, among a short ...

By Staff reporter | Published: 10 December 2017

BUSINESS NEWS

'Nothing in budget for workers'

Zimbabwe's largest trade union federation yesterday said the national budget presented by the Finance minister Patrick Chinamasa had nothing for the working people to celebrate.The Zimbabwe Congress...

By Staff reporter | Published: 10 December 2017

BUSINESS NEWS

Chinamasa makes sweeping changes

FINANCE minister Patrick Chinamasa has introduced a raft of cost-cutting measures, among them a drastic reduction in government travel, other luxuries and fired over 3 000 national youth service gradu...

By Staff reporter | Published: 08 December 2017

BUSINESS NEWS

Bold moves in 2018 budget

GOVERNMENT will abolish 3 700 posts for youth officers and retire civil servants above the age of 65 starting January 2018 as part of measures to trim its expenditure among other interventions meant t...

By Staff reporter | Published: 08 December 2017

BUSINESS NEWS

Chinamasa presents $5.1 billion budget

Finance and Economic Planning Minister Patrick Chinamasa has presented a US$5.1 billion 2018 national budget, projecting a 4.5 percent economic growth rate for next year.Presenting the budget statemen...

By Staff reporter | Published: 07 December 2017

BUSINESS NEWS

Zimbabwe budget woos foreign investors

Zimbabwe has taken steps towards ending its economic isolation in its first budget since the end of Robert Mugabe's 37-year authoritarian rule.Finance Minister Patrick Chinamasa announced a package of...

By BBC | Published: 07 December 2017

BUSINESS NEWS

Chinamasa's 2018 Budget full text

Finance Minister Patrick Chinamasa says the country's 2018 budget will send a clear message to the world that Zimbabwe is open for business. ...

By Staff reporter | Published: 07 December 2017
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