Mthuli is misinformed, needs a lecture: Mangudya

By Daniel Chigundu Reserve Bank of Zimbabwe (RBZ) Governor John Mangudya says Finance Minister Mthuli Ncube is misinformed and needs a whole workshop to be schooled on activities of the central bank. According to Ncube, the RBZ is engaging in too much quasi-fiscal activities and he wants them to be liquidated, however, Mangudya says there …

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Ministries blew money without authority

By Daniel Chigundu Ministries were spending their budget allocations from as far as 2014 without authority to spend from Ministry of Finance leading to over expenditure, Parliament has heard. When Parliament approves a budget, the Accountant General in the Ministry of Finance is supposed to issue them with warrants to spend the money. The warrant …

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Committee pleads for US$100m digitalisation funds

By Daniel Chigundu The Parliamentary Portfolio Committee on Information, Media and Broadcasting Services has appealed to both treasury and Parliament for the allocation of US$100 million to TransMedia for the completion of the digitalisation program. Digitalisation which has missed both the regional and international deadlines has so far gobbled about US$40 million and requires an …

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Vehicles for MPs on the way: Mthuli Ncube

By Daniel Chigundu Finance Minister Mthuli Ncube says the government is in the process of acquiring 350 vehicles for legislators and that what is left is to decide whether they get them for free or they have to pay for them through a loan. Zimbabwe has about 350 legislators combining the National Assembly and the …

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Vehicles for MPs on the way: Mthuli Ncube

By Daniel Chigundu Finance Minister Mthuli Ncube says the government is in the process of acquiring 350 vehicles for legislators and that what is left is to decide whether they get them for free or they have to pay for them through a loan. Zimbabwe has about 350 legislators combining the National Assembly and the …

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TransMedia cancels US$289K budget request

By Daniel Chigundu TransMedia will no longer be requesting for budgetary support from the 2019 national budget but will instead implement measures to collect what is owed by various broadcasters including ZBC. The broadcasting transmission company which had initially asked for a $289 000 budgetary support has the potential to raise enough resources from its …

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Govt seeks to keep US, Bond Note value at par

By Daniel Chigundu Ministry of Finance says it will present the 2019 National Budget in US dollars because it is the currency unit of account and that it is looking at measures of keeping the Bond Notes at par with the dollar. The Bond Note was introduced a few years ago as an export incentive …

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