Lorac: was First Lady involved?

The Parliamentary Select Committee appointed to carry out a more comprehensive investigation into irregularities of the Zimbabwe Banking Corporation and the Merchant Bank of Central Africa in their relationship with the M and C Group of Companies -Lorac (Private) Limited- has been given the unenviable task of naming top government officials and politicians, most of whom are their bosses or colleagues, who so far four investigations have been too scared to name.

Zimbabwe to become tax centre for Africa

While Zimbabweans are lamenting about high taxation rates made worse by the introduction of the drought levy, and excessive and rigid customs duties and regulations which seem to be aimed at discouraging imports, international agencies seem to be impressed with the country’s revenue collection system so much that Zimbabwe has just been chosen to host the United Nations Revenue and Adminstration Centre (UNRACA).