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.
The fast-food industry in Zimbabwe, which according to one company serves three million customers, has suffered a big blow after the government banned kaylite packaging with immediate effect.
Zimbabwe’s inflation rate is too low, and needs to increase to stimulate economic growth, central bank governor John Mangudya has said.