Business

THE INTERNATIONAL MONETARY FUND (IMF) SAYA ZIMBABWE’S economy will contract by 10,4% this year, much higher than its earlier prediction of 7,4%, but expects a rebound next year.It also expects the annual inflation rate to close the year at 495% and predicts an economic rebound of 4,6% next year.A cocktail of Covid-19 lockdown measures, currency volatility, high inflation, wage erosion, shortages of foreign currency, reduced capacity of businesses, and company closures have quickened Zimbabwe’s economic…

POLITICS IS A DIRTY GAME a fact demonstrated by Nelson Chamisa’s selection of by-election candidates FRESH trouble is brewing in the MDC Alliance, with its leaders now standing accused of overlooking an agreement which allows the group that came with one of the coalition’s deputies, Welshman Ncube, to field candidates unopposed in some Parliamentary seats. According to the agreement, which was signed following the consummation of the alliance in August 2017, constituent parties were to…

‘SENIOR ZIMBABWE REPUBLIC POLICE (ZRP) OFFICERS HAVE LAUNCHED a massive witchhunt against perceived moles leaking information about their underhand dealings involving bosses stationed at the Criminal Investigations Department (CID)’. This comes after the Zimbabwe Independent reported two weeks ago that an alleged underground syndicate comprising top police officers and civilians involved in the trafficking of drugs and firearms, had been busted after a tip off to the Special Anti-Corruption Unit (Sacu). The Sacu is housed…

Auditor-General Mrs Mildred Chiri has warned that urban councils are sitting on a health time bomb due to their over-reliance on donor funding for service delivery.She said this in a Management of Sewerage System by Urban Local Authorities under the Local Government and Public Works audit report tabled recently before Parliament.The audit report covered six of the 32 local authorities including Bulawayo and Harare, observing that about 99 percent of the sewerage infrastructure in local…

OVER 240, MOSTLY UNDER FIVES were treated for diarrhoea outbreak in Bulawayo between Tuesday and Wednesday The first case in the latest outbreak was reported on September 26 and has been linked to the ongoing water crisis which has seen some residents going for two weeks without running water.Bulawayo is experiencing an acute water shortage which has resulted in the Bulawayo City Council providing water to only a few suburbs for 12 hours per day…

CHAMISA AND HIS ALLIES disregarded an agreement by allowing members from their group to take part in the Kuwadzana primary elections for a seat left vacant following Miriam Mushayi’s death.Fresh trouble is brewing in the MDC Alliance with its leaders now standing accused of overlooking an agreement which allows the group that came up with one of the coalition deputies to field some candidates unopposed in some parliamentary seats.According to the agreement, constituent parties were…

MNANGAGWA’S NEPHEW NORTON MP Temba Mliswa (Independent) on Tuesday warned newlysworn MDC-T proportional representative MP Thokozani Khupe that there is need for maturity from the opposition, not walking out on President Emmerson Mnangagwa when he is addressing the august House, in apparent reference to MDC Alliance members who have been walking out in protest whenever Mnangagwa addresses Parliament,He said they should desist from walking out when the President is addressing.MDC Alliance legislators have in the…

GENEVA TO INTRODUCE A MINIMUM WAGE OF 23 Swiss francs ($25, £19.38) an hour — making it the highest in the world. Geneva is to introduce a minimum wage of 23 Swiss francs ($25, £19.38) an hour — making it the highest in the world. The hourly minimum wage in the Swiss city will be more than twice the rate in neighbouring France, with a guaranteed minimum monthly salary of 4,086 ($4,100, £3,457) Swiss francs…

‘Tinei Makore, aka Marvellous Muchedzi, a traditional healerlinked to slain Tapiwa Makore 7 missing head and hands torso’The traditional healer suspected to be the brains behind the ritual murder is saying it was pure coincidence that he happened to visit the village the week that the boy disappeared and was allegedly murdered.Tapiwa disappeared on Thursday September 17, only for his torso to be dragged by dogs into a village compound the following morning.Tinei Makore, also…