Zimbabwe’s use of cash for transactions has dropped by 76 percent to 20 percent, with plastic money and mobile money usage on the rise as the acute dollar shortage persists, an official said today.
The Permanent Secretary for Transport Munesu Munodawafa totally disregarded regulations and procedures for running the ministry and did not show any remorse at all for his conduct when this was pointed out by the auditor-general, a Parliamentary committee says.
Zimbabwe needs to embrace public-private partnerships and reduce its reliance on parastatals in order to create a good economic environment that attracts more investment, according to an independent economic and political analyst.
Zimbabwe’s Parliament has called on the Civil Service Commission to issue a stern warning to former Transport secretary Munesu Munodawafa for failing to seek Treasury approval for moving funds on projects approved by Parliament and disguising the expenditure under different projects.
Masvingo, one of the bedrocks of the Zimbabwe African National Union-Patriotic Front, has always been embroiled in power squabbles.
Shareholders of the deposit taking microfinance institution, Getbucks Zimbabwe have approved the name change to GetBucks Microfinance Bank Limited as it seeks to expand its product offering.
AIM-listed junior miner, Premier African Minerals says it will produce commercial grade lithium and tantalum at its Zulu mine in south central Zimbabwe after carrying out metallurgical tests.
Ministry of agriculture says that 37b000 hectares of wheat has been planted against a target of 60 000 hectares, Parliament heard today.