Stories

Sixteen new auditors with the Ministry of Home Affairs are sharing five chairs and three desks because the ministry has not bought any furniture for a long time, Parliament was told during the debate on the ministry’s budget for 2015.

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As the debate on indigenisation takes centre-stage again with confusion about who is right, the Minister responsible for indigenisation Christopher Mushohwe, or Finance Minister Patrick Chinamasa, or Vice-President Emmerson Mnangagwa, it might be worth reviewing what Zimbabwe is really aiming for. Ricardo Hausmann, a former minister of planning of Venezuela and former Chief Economist of the Inter-American Development Bank and Professor of the Practice of Economic Development at Harvard University says the current relationship between the private sector and the government is often dysfunctional. The private sector often engages with the government in order to make itself more profitable. But these schemes make firms more profitable by making their suppliers, workers, and customers poorer. Outcomes would be very different if the focus of the relationship were productivity rather than profitability. Productivity improvements, by lowering costs, allow firms to pay their workers and suppliers better, reduce prices for consumers, pay more in taxes, and still make more money for their shareholders. A focus on productivity is win-win-win. Below is his article in full.

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The Zimbabwe National Army owes suppliers, mostly indigenous, $58.88 million but was only allocated $28.46 million in the 2015 financial year and this is likely to suffocate them, the chairman of the Parliamentary Portfolio Committee on Defence, Home Affairs and Security Services, Clifford Sibanda, said last week.

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Zimbabwe does not have enough money to migrate from analogue to digital broadcasting and has only allocated $1.46 million when the total bill is $29.5 million, the chairman of the Parliamentary Portfolio Committee on Media, Information and Broadcasting Services, William Dhewa said last week.

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Change has come to Zimbabwe. There is a new administration. It might be the same faces but their roles have changed. So should the way they think, the way they see things and more importantly the way they do things.

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Detention of patients will be the order of the day in 2015 because hospitals will have to recover fees from them to remain open as the Ministry of Finance has allocated the Ministry of Health only a fifth of what it requested.

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Information Minister Jonathan Moyo today said that Vice-President Phelekezela Mphoko never denigrated Zimbabwe African People’s Union leader Dumiso Dabengwa but had only queried why he had chosen to work with organisations whose political project was opposed to the values, ideals and objectives of the liberations struggle. As such, instead of undermining Mphoko, Dabengwa must support Mphoko as his former subordinate because a commander who pulls down his rising subordinate is a charlatan.

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Zimbabwe’s top listed companies Delta Corporation and Econet Wireless have been listed among the 30 biggest companies by market capitalisation in sub-Saharan Africa excluding South Africa for the period ending November.

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AfrAsia Zimbabwe Holdings Limited (AZHL), a subsidiary of Mauritius-based AfrAsia Bank Limited (ABL) is well on course to raise $15 million through borrowings to increase liquidity in the local operation, the company announced yesterday.

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The Zimbabwe Energy Regulatory Authority (ZERA) has licenced 12 new power projects, including 9 independent producers (IPPs), that could generate an additional 3 500 megawatts, over three times current production.

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