Norton Member of Parliament Temba Mliswa yesterday blasted the First Lady Grace Mugabe for splashing $1.4 million on a diamond ring and asked why she did not buy it locally as she was in effect externalising foreign currency.
Econet boss Strive Masiyiwa at one time came up with a plan to ease President Robert Mugabe out by proposing the appointment of an executive Prime Minister, who had to be a technocrat, to run the country.
Zimbabwe overspent by $549 million to support recovery of the country’s agriculture sector in 2016 to help the country recover from its worst drought in three decades, Finance Minister Patrick Chinamasa said today. Presenting a review of the 2016 budget, Chinamasa said the interventions were the major drivers behind the overall $902.2 million budget overrun.
The Zimbabwe Stock Exchange (ZSE) has outperformed its regional bourses in the year to date as locals sought cover in equities from a currency crisis, with both the industrial and mining index advancing 100.54 percent and 179.13 percent on an annualised basis.