The Movement for Democratic Change has called for an investigation into land barons following a public spat between property developer Phillip Chiyangwa and Local Government Minister Saviour Kasukuwere in which Chiyangwa alleged that the minister demanded a $5million bribe to speed up the process of compensating him for land that was compulsorily acquired by the government to resettle the homeless.
Tobacco exports in the current selling season are 9 percent higher on same period in the prior year but revenue generated at $206.5 million is 13 percent lower due to lower average prices.
Zimbabwe needs a comprehensive policy package and structural reforms to address the fiscal challenges which the introduction of bond notes alone cannot solve, the International Monetary Fund (IMF) has said.
Vice-President Phelekezela Mphoko says those calling for the ouster of Zimbabwe African National Union-Patriotic Front national political commissar Saviour Kasukuwere are loyalists of war veterans leader Christopher Mutsvangwa whose agenda is to replace Kasukuwere with someone of their choice.
Higher Education Minister Jonathan Moyo has begun fighting back following reports that the Zimbabwe African National Union-Patriotic Front Matebeleland North province plans to censure him for allegedly working with national political commissar Saviour Kasukuwere in setting up parallel structures within the party aimed at deposing President Robert Mugabe.
The Zimbabwe Stock Exchange’s mainstream index continued its bullish run gaining 0.41 percent to close the week at 141.50 points, while the mining index rose 10.20 percent to 66.25 points.