Zimbabwe’s central bank says the country has reduced its foreign payments backlog by more than 50 percent to $185 million, largely due to forex flows from ongoing tobacco sales and improved dollar deposits.
Zimbabwe’s central bank is offering a 5 percent reward to whistleblowers reporting on individuals, traders and firms hoarding, selling or illicitly funneling cash out of the country, governor John Mangudya announced today.
Buhera South Member of Parliament Joseph Chinotimba yesterday said legislators should not pay for vehicles that they were issued by the government because they are using them to go government work.
Turnall Holdings yesterday reported a loss of $4 million in the full-year to December 2016 from a profit of $106 938 in the prior year, due to low consumer demand.
Mabvuku-Tafara legislator James Maridadi, who has been at the forefront of exposing corruption especially by Chinese companies, has been elected chair of the local chapter of the African Parliamentarians Network Against Corruption.
The Permanent Secretary for Mines Francis Gudyanga should be fired within a month for aiding illicit financial outflows from the country’s diamonds and poor corporate governance, the parliamentary committee on Mines and Energy said yesterday.
State-run pension fund, National Social Security Authority (NSSA) has increased its stake in Zimbabwe’s largest short-term insurer NicozDiamond to 50.9 percent after eight percent of minority shareholders accepted its mandatory offer.
Kenya Airways launched its first direct flights between Nairobi and Zimbabwe’s resort town of Victoria Falls yesterday, becoming the second regional airline to introduce new frequencies on the route this year.