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.
Movement for Democratic Change vice-president Nelson Chamisa yesterday asked government ministers to take Parliament seriously because some were abandoning the august House for “small houses”.
Small-scale miners have raised concerns over poor chrome prices offered by state-owned, entities Minerals Marketing Corporation of Zimbabwe (MMCZ) and Applebridge, which they say are not in line with international market prices.