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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2% tax is paying for subsidies: Guvamatanga

By Daniel Chigundu Permanent secretary in the Ministry of Finance and Economic Development George Guvamatanga says the 2 percent tax is necessary as it will fund subsidies that Zimbabweans enjoy. The government introduced a 2 percent tax earlier this month which is levied on all electronic transactions across all platforms. Under the tax, the government …

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2% tax is paying for subsidies: Guvamatanga

By Daniel Chigundu Permanent secretary in the Ministry of Finance and Economic Development George Guvamatanga says the 2 percent tax is necessary as it will fund subsidies that Zimbabweans enjoy. The government introduced a 2 percent tax earlier this month which is levied on all electronic transactions across all platforms. Under the tax, the government …

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Lumumba is a thief and not fit for public office

By Daniel Chigundu MDC Alliance says Acie Lumumba (William Mutumanje) is not fit to hold a position in government as he is incompetent and has also publicly confessed to having abused public funds. Lumumba was yesterday appointed the chairperson of a communication taskforce by Finance Minister Mthuli Ncube and part of his duties includes creating …

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Mnangagwa lies about US$3billion FDI

By Daniel Chigundu MDC Alliance says President Emmerson Mnangagwa is lying to the people that the country has received about US$3billion in foreign direct investment (FDI) adding that such an investment would have been visible. Zimbabwe is currently leaving no stone unturned in its quest to attract the much needed but elusive FDIs to help drive the economy from its current gridlock. President Mnangagwa even …

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Overwhelming response as looters return funds

By Pretty Chavango Reserve Bank of Zimbabwe (RBZ) Governor Dr John Mangudya says the bank has received an overwhelming response from looters desiring to return externalised foreign currency and assets in line with President Mnangagwa’s three months moratorium. Delivering his 2018 Monetary Policy Statement, Dr Mangudya said bank deposits are already increasing on account of funds being channelled into the formal system, as corporates and …

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