Zimbabwe cannot adopt the South African rand as its own currency because it is foreign currency which has to be earned, Agriculture Minister Joseph Made who was standing in for Finance Minister Patrick Chinamasa told the Senate yesterday.
Auction floor sales for the 2017 tobacco selling season declined by 3.23 percent to $508.56 million as at July 5, 2017, from $525.5 million recorded in the comparable period last year on lower sales volumes, statistics from Tobacco Marketing Board (TMB) show.
The State owned, Central Mechanical and Equipment Department (CMED) is owed close to $25 million by the Zimbabwe government and the Zimbabwe Electoral Commission (ZEC) for car rentals as far back as 2013, compromising its service delivery, according to a Parliamentary Portfolio Committee.
President Robert Mugabe was prepared to hand over power to Emmerson Mnangagwa way back in 2002 provided he was allowed to complete his presidential term which ended in 2008.
Zimbabwe’s state net revenues amounted to $1.7 billion in the half year to 30 June, 2.72 percent above target and 9.74 percent higher than the comparable period last year, the tax agency said today.
The Oil Expressers Association of Zimbabwe says it has engaged government for a financing facility of $100 million for soya bean production.