Zim a treasure trove: First Lady• ‘Westerners hid exploration maps’ • ‘God now revealing hidden wealth’

Tendai Mugabe Senior Reporter Western mining experts hid exploration maps on Zimbabwe’s mineral resource base during the colonial era, but the country is slowly discovering its worth in terms of underground wealth, First Lady Dr Grace Mugabe has said. It is believed that the whites undertook massive exploration works in Zimbabwe before independence, but never made…
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Cash, forex traders put on notice

Daniel Nemukuyu Senior Reporter— CABINET has approved a host of measures to arrest artificial shortages of basic commodities and the price madness triggered by economic saboteurs through social media, with Finance and Economic Development Minister Patrick Chinamasa firing warning shots at illegal cash vendors on the streets. Government will also pull the trigger on traders who…
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Zim’s premier tourism business expo opens today

Robert Mukondiwa in BULAWAYO ZIMBABWE’S premier tourism business expo, Sanganai/Hlanganani kicks off today in Bulawayo coinciding with the World Tourism Day, with organisers optimistic that the event will be able to attract more people to Zimbabwe as a destination of choice. This year’s event which marks the tenth anniversary of the travel expo, has also…
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Chinamasa grilled over cash ‘black market’

Zvamaida Murwira Senior Reporter Finance and Economic Development Minister Patrick Chinamasa was yesterday taken to task by legislators over Government’s inaction on the illegal sale of scarce cash on the black market. Members of Parliament across the political divide asked the minister why there was no evident effort to prosecute cash dealers whom they claimed acted…
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3,7pc growth target achievable — Govt…Stellar agric performance, better metal prices cited

Business Reporter GOVERNMENT has reaffirmed its 3,7 percent economic growth target for this year despite constraints posed by limited fiscal space. Presenting his 2016 National Budget Review and 2017 Outlook to Parliament yesterday, Finance and Economic Development Minister Patrick Chinamasa said growth prospects were positive owing to the strong performance in agriculture and a modest…
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Cabinet moves to plug financial leakages

Taurai Mangudhla BEING conduits for most financial transactions, governments closely watch banks and bank executives who are normally used as mules in illicit financial flows. By their nature, illicit financial flows take complex structures and also use non convention practices such as physical smuggling of cash out of the boarders, making it difficult for authorities…
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EDITORIAL COMMENT: Gono board must conquer Herculean task

Efforts by Finance and Economic Development Minister Patrick Chinamasa to provide guidance to the Special Economic Zones Authority board is most welcome. His meeting with the new board on Monday shows there is political will to ensure the project moves forward urgently. The new board is led by former Reserve Bank of Zimbabwe governor Dr Gideon…
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Bakers mull bread price increase

Conrad Mwanawashe Business Reporter BAKERS have hinted on an increase in the price of bread and other flour products following a rise in the prices of bread flour of between 10-25 percent as a result of nostro liquidity challenges. The nostro liquidity challenges have caused banks to sell euros, British pounds and South African rands to…
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