Sunday 22 October 2017
(Zimbabwe Independent 05/27/13)
VICE-PRESIDENT Joice Mujuru has virtually secured a copper-bottomed guarantee to take over as the next president of Zimbabwe in the event that President Robert Mugabe resigns, is incapacitated or dies in office, provided he wins the next elections, it has emerged. Senior Zanu PF politburo members said this week, barring unforeseen events and circumstances, Mujuru was almost assured of taking over from Mugabe if she wins the party leadership at congress next year. A top politburo member said this week the succession issue was virtually dealt with by Zanu PF’s senior leadership during marathon meetings last year when the party was discussing the Copac draft constitution. During the lengthy meetings — which cumulatively lasted 50 hours and at which Zanu...
(News Day 05/27/13)
CHINHOYI — Zanu PF’s aspiring Chinhoyi MP and former provincial chairman Phillip Chiyangwa has described his party’s impending primary elections as the most divisive phase, adding the process was likely to widen the already existing rifts. Speaking at the weekend at a function to welcome party supporters who had defected to his rivals’ camp, Chiyangwa said Zanu PF risked losing the upcoming polls if there was imposition of candidates and wanton disregard of calls for certain candidates to stand on the party ticket. “There is no other time that divides Zanu PF than the time for primary elections. Instead of them (primaries) being a gauge of the winning candidate’s popularity, they sow seeds of disunity. “The divisions brought about by...
(The Herald Online 05/27/13)
THE Zimbabwe Association of Micro-Finance Institutions says the impending increase in minimum capital requirements for micro-finance institutions that was announced by the Reserve Bank of Zimbabwe will bring stability in the sector where a number of companies have been involved in unethical and illegal conduct. The RBZ earlier this month said it would raise the minimum capital requirements for micro-finance institutions from US$25 000 to US$5 million to try and protect the public. Speaking to journalists in Harare last week, ZAMFI board chairman Mr Clive Msipha said the capital requirements coupled with the passing of the Micro-Finance Bill into law would bring a stable legislative landscape for the industry. "Allowing market forces to determine interest rates is very fair because...
(ZimEye 05/27/13)
Zimbabwe’s Minister of National Healing Sekai Holland has been nominated for the prestigious International Foundation for Electoral Systems’ (IFES) 2013 Charles T. Manatt Democracy Award. The Democracy Award is given annually to three individuals: a Republican, a Democrat and a member of the international community. Nominations for the international recipient are open to the public for submissions. Previous winners include Maimuna Mwidau, a women’s advocate from Kenya (2012), Judge Johann Kriegler of South Africa (2011) and Lebanese Minister of Interior and Municipalities Ziad Baroud (2010).Sekai The three Democracy Awards are presented in a single ceremony each year. This year’s dinner will be held on September 24 at the Grand Hyatt in Washington, D.C. The organisation says: Democracy Award recipients embody...
(The Herald Online 05/27/13)
Education, Sport, Arts and Culture Minister David Coltart has been accused of hijacking the Education Transition Fund (ETF) where he allegedly set up parallel structures in a bid to divert money to finance his cash-strapped MDC party's activities. The ETF is the brainchild of the Government and is funded by donors. ETF has been running since 2009 and in 2012 moved from phase 1, whose target was to raise US$50 million to phase 2 where it is eyeing to raise US$160 million to re-kit and re-tool disadvantaged schools. Sources in Government said since the establishment of the fund, there has been an overwhelming influx of funds from various international donor agents and European Union countries. Documents in the possession of...
(The Associated Press 05/25/13)
Dozens of African leaders met in the Ethiopian capital Saturday to mark 50 years since the founding of the African Union, a continentwide organization that helped liberate Africa from colonial masters and which now is trying to stay relevant on a continent regularly troubled by conflict. Opening the summit that was attended by U.S. Secretary of State John Kerry and other foreign dignitaries, Ethiopian Prime Minister Hailemariam Desalegn said the AU's original pan-Africanist aspirations remain relevant for a continent where many states are still struggling to overcome rampant poverty and violence. "This historic day marks not only a great leap forward in the Pan-Africanist quest for freedom, independence and unity but also the beginning of our collective endeavor for the...
(BBC News Africa 05/25/13)
Is it a practical joke? A laughable ego trip? A crude piece of opposition propaganda? Or the first real insight that Zimbabweans have been offered into the inner-workings of the party that has ruled their country for decades? I have been following Baba Jukwa on Facebook for a few months now, on the advice of a businessman and friend in Harare who was convinced that this was something special, something important - a genuine insider's account of the factional battles and corruption with President Robert Mugabe's Zanu-PF. It is certainly been an interesting read at an important time in Zimbabwe, with elections likely within the next few months. In a daily blizzard of posts, Baba Jukwa has waged a furious...
(Zimbabwe Independent 05/24/13)
Zimbabwe’s mining sector might not meet the 17% growth target projected by government due to softer international commodity prices and local systemic factors such as inadequate energy and suboptimal cost structures, the Chamber of Mines (CM) has said. The mining sector is forecast to grow 17,1% this year from the 10,1% achieved last year, according to the chamber. It expects gold output to reach 17 000kg, from 14 742kg last year, while platinum output is expected grow to 12 500kg from 10 525kg. Outgoing chamber president Winston Chitando told the miners’ annual meeting held last week that despite ongoing investment in the mining sector, as well as the resuscitation of nickel and asbestos mining, the sector has been dogged by...
(Zimbabwe Independent 05/24/13)
THIRTEEN years after its fast track land reform programme, Zimbabwe is still importing most of its food and is far from regaining its breadbasket status. Analysts have said the discordant land tenure system ushered in after the reforms remains an albatross around the economy’s neck. However, President Robert Mugabe appears to ignore that the country needs a deep relook at land resettlement and the resultant unclear land tenure system before any attempts to revive farming sustainably can bear fruit. At the official launch of the country’s Food and Nutrition Security Policy last week, Mugabe said implementation of the land reform programme has become the cornerstone of ensuring food and nutrition security as the majority of people now have access to...
(Zimbabwe Independent 05/24/13)
EARLY signs show that Zimbabwe’s trade deficit will widen to more than US$3 billion this year from US$2,6 billion in 2012, an economist has warned. UZ Economics lecturer Professor Tony Hawkins said this was because the country was over-consuming and excess demand was spilling over as increased imports. “At the same time the economy has become a high cost producer because wages are rising faster than productivity,” Hawkins said. Zimbabwe’s trade deficit in the first quarter widened to US$845,51 million and is expected to widen further as there is generally more importing activity in the second-half of the year. According to import and export data from Zimstat, exports in the period amounted to US$813,57 million and imports totalled US$1,66 billion...
(New Zimbabwe 05/24/13)
A NEW banking law is expected to benchmark service charges with regional standards amid concerns that financial institutions are profiteering through exorbitant charges, a senior government minister has said. The law is still at its drafting stage and seeks to amend the Banking Act. Youth Development, Indigenisation and Empowerment minister Saviour Kasukuwere on Wednesday told delegates attending a Dutch embassy-organised forum focusing on the role of government’s role in protecting and furthering Internet freedom that the new law would also seek to lower service charges for the fast-growing mobile money services. Already the Reserve Bank of Zimbabwe and the Bankers’ Association of Zimbabwe have signed a memorandum of understanding to lower charges. “Government is looking at how to reduce the...
(Zimbabwe Independent 05/24/13)
During the past two weeks, both lower and upper houses of Parliament have carefully considered the Microfinance Bill, together with other Bills. After its third reading in parliament, the Microfinance Bill has been passed on to the senate and will shortly be put before the president for signing into law. In 2005 a National Policy on Microfinance was enunciated after consultations among the Ministry of Finance, the Reserve Bank of Zimbabwe and other stakeholders. The Zimbabwe Association of Microfinance Finance Institutions (Zamfi), the umbrella body of microfinance Institutions, has together with other stakeholders walked a very long and arduous road and welcomes the imminent enactment of a new supreme law to govern the microfinance sector. The Microfinance Bill itself takes...
(News Day 05/24/13)
CONSTITUTIONAL experts yesterday hailed the adoption of a new constitution, but warned that the document could be rendered a paper tiger in the absence of a culture of constitutionalism. President Robert Mugabe yesterday signed the constitution into law at a historic ceremony held at State House in Harare. “Obviously this constitution is better than the one we had (Lancaster House Constitution),” said Greg Linington, a constitutional lawyer and law lecturer at the University of Zimbabwe. “It has aspects that deal with respect for the rule of law. This is an important thing. But then it is just a piece of paper – there is need for the will to uphold the constitution. We should have constitutionalism rooted in our society...
(Mail & Guardian 05/24/13)
The Zim government has increased compulsory pension contributions to bail out the National Social Security Authority, which funded the referendum. In February the government told the National Social Security Authority (NSSA) to lend it $40-million because it was unable to fund the ­referendum. That move left the already struggling fund in deep financial difficulties. Banking sector sources said the decision to raise pension contributions was made to curb "a financial disaster" at the NSSA, which also has to raise about $70-million by the end of next month to recapitalise at least four banking institutions in which it has interests. The NSSA, constituted and established in terms of the National Social Security Authority Act of 1989, is the statutory corporate body...
(News Day 05/24/13)
NATIONAL carrier, Air Zimbabwe, has taken delivery of an Airbus A320 which is expected to ply the Johannesburg route. The plane, which was going under routine maintenance and safety checks yesterday at the Harare International Airport, had already had the airline’s livery. The Airbus will add to Air Zimbabwe’s current fleet comprising two B767-200s, three B737-200s and three MA60s. Shingai Taruvinga, the airline’s spokesperson, yesterday said another Airbus would be delivered soon. “This plane will be plying our Johannesburg route,” she said. “We should have another Airbus delivered soon.” Early this year, AirZim resumed daily flights to Victoria Falls, Bulawayo and Johannesburg. The airline’s board chairperson Ozias Bvute told Parliament in March that AirZim will resume international flights to London...
(New Zimbabwe 05/24/13)
CHINESE Vice Premier Wang Yang on Wednesday urged Zimbabwe to ensure peace and political stability ahead of elections this year, to safeguard economic growth. "A peaceful and stable political environment is the prerequisite for economic development," Wang told journalists after meeting Prime Minister Morgan Tsvangirai in Harare during a business visit to Zimbabwe. Wang's comments came as President Robert Mugabe signed the country's new constitution into law, clearing the path to crucial elections expected later this year. Political upheaval that followed the last elections in 2008 sent the country's economy into a tailspin marked by an astronomical rate of inflation of 231 percent that year. China has a long list of business interests in Zimbabwe which span the mining, agriculture...
(The Herald Online 05/23/13)
CHINA has extended a US$36 million loan to Zimbabwe for various projects following the visit by Vice-Premier Wang Yang who met President Mugabe at State House yesterday. The agreements were signed before Mr Wang and Vice-President Joice Mujuru, after which he proceeded to meet President Mugabe.Mr Wang briefed the President on the deals. Speaking through an interpreter after the meeting, Mr Wang said they discussed various issues with President Mugabe. I was deeply impressed by the meeting with President Mugabe,” he said. “I did not expect him to be in such good health. We talked about how we can strengthen our economic and trade co-operation in the areas of agriculture, infrastructure development, health, education and water development.” Vice-President Joice Mujuru...
(News Day 05/23/13)
VISITING Chinese Vice-Premier Wang Yang has admitted that some Chinese companies operating in the country have not been upholding good business practices and warned that his government would soon take action against them. Speaking after paying a courtesy call on Prime Minister Morgan Tsvangirai at his Munhumutapa offices in Harare yesterday, Wang accused some Chinese companies operating locally of furthering personal interests at the expense of morality. Several Chinese companies operating in the country have been accused of poor labour practices, including physically abusing local workers. “What I want to emphasise is that Chinese companies operating in Zimbabwe want to make money. Upon my arrival yesterday, I had a meeting with Chinese companies operating here and I told the representatives...
(News Day 05/23/13)
FOREIGN-OWNED companies operating in Zimbabwe are now required to surrender at least 10% of their equity to locals in partial compliance of indigenisation and empowerment regulations, the Government Gazette has stated. The new regulations carried in a newly gazette statutory instrument could bring to an end the debate of the legality of the mandatory threshold following an earlier attack by Finance minister Tendai Biti over the schemes. The community share schemes form a key part of the indigenisation programme being pushed by Empowerment minister Saviour Kasukuwere, but bitterly opposed by Zanu PF’s coalition partners. “The minimum share that an owner of a business wishing to use the qualifying scheme or trust shall be ten per centum (10%) of the net...
(News Day 05/23/13)
PARLIAMENT yesterday challenged the ministries of Transport and Infrastructural Development, State Enterprises and Parastatals and Labour and Social Welfare to look into the plight of National Railways of Zimbabwe (NRZ) employees who have gone for eight months without pay. Bulawayo South MP Eddie Cross (MDC-T) raised the issue in the House of Assembly, saying the financially troubled parastatal owed $46 million in unpaid salaries to its workers who were now wallowing in poverty. “The railway workers have not been paid for eight months and NRZ owes them $46 million in salary arrears. Is it government policy not to pay workers?” queried Cross. Labour and Social Welfare minister Paurina Mpariwa said it was not government’s policy not to pay employees, adding...

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