FORMER deputy Prime Minister Arthur Mutambara (pictured) has made an unceremonious exit from the grand political stage, quietly slipping into the shadows.Ever since the expiry of the unity government last year, Mutambara has gone quiet, amid indications that only his closest friends and relatives know about his whereabouts.Analysts said the…
THE US$206 million Plumtree-Mutare road rehabilitation project has stopped after lead contractor, Group 5 of South Africa pulled out after Zimbabwe defaulted on loan repayments to the Development Bank of Southern Africa (DBSA).…
ZIMBABWE’S food situation remains precarious and is certain to compound the difficulties already being faced by government, which is desperate to slam the brakes on an economy that has been in decline since 2000.…
NEARLY all the country’s newspapers are sitting on costly lawsuits, some of which have claims of above US$1 million thereby putting on a dent on their going concern status.Zimbabwean politicians and other influential citizens are proving to be highly litigious, but some of the exorbitant claims in alleged damages are…
A LARGE number of quoted companies could delist this year as the wider macroeconomic environment remains dire, with the government’s fiscal policy announced in December failing to lay out a strong foundation for economic recovery.…
PAGE4 Bulawayo eases water cuts Ray NdlovuAssistant Bureau Chief THE Bulawayo City Council (BCC) has relaxed its water rationing programme following the heavy rains that have pounded the country in recent weeks although city fathers have been quick to warn residents to continue using the precious liquid sparingly.…
GOVERNMENT will appoint a new Attorney General (AG) by March to take over from Johannes Tomana, now the country’s Prosecutor General.Pressure has been rising inexorably for government to speed up the re-alignment of the country’s laws to the new Constitution of which the AG, as the administration’s top lawyer, is…
Presidium breathes fire ENERGY and Power Development Minister Dzikamai Mavhaire has walked into a storm because of policy inconsistencies after flip-flopping over ethanol blending thresholds, the Financial Gazette can exclusively reveal.…
Many firms fail to re-openA NUMBER of companies will fail to re-open this year due to a cocktail of challenges which include high utility bills, high interest rates, lack of competitiveness and shortage of working capital, compounding the unemployment situation the country is currently grappling with.Industry sources confided in the…
HTHE ruling ZANU-PF party is venturing into the capital intensive mining sector to shore up its precarious cash flows in what is likely to trigger uproar over possible conflict of interest, the Financial Gazette can reveal.…