Don’t be fooled, tourism drives the economy: Kaseke

Don’t be fooled, tourism drives the economy: Kaseke

By Daniel Chigundu ZIMBABWE Tourism Authority (ZTA) chief executive Dr Karikoga Kaseke says contrary to what most people think, tourism drives many sectors in the economy and deserves a better share of the national budget. Despite requiring about US$17 615 400 to effectively implement its various programs that will help drive tourism, ZTA only got about US$830 000 from the 2017 budget. Appearing before a Parliamentary Portfolio Committee on Environment, Water, Tourism and Hospitality Industry, Dr Kaseke said hotels which many people refer to as tourism are just a distant fraction…

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Lima agreement stalls

Lima agreement stalls

By Ndafadza Madanha THE Lima agreement which was intended to resolve the country’s foreign debt and unlock fresh capital has stalled amid indications that government is failing to implement some provisions of the agreement. Addressing the media on the sidelines of the launch of the Regional Economic Outlook in Harare, IMF Africa director Abebe Selassie said traction on the Lima agreement was dependent on implementation of key reforms. “Lima depends on implementation of key issues we have raised and government has struggled to do so. The 2018 budget will be…

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Govt to recover bonuses from parastatal bosses: Chombo

Govt to recover bonuses from parastatal bosses: Chombo

By Daniel Chigundu FINANCE and Economic Development Minister Ignatius Chombo says his ministry is working to recover money lost from parastatal bosses who were awarding themselves multiple bonuses since 2012. Although the majority of parastatals are under-performing and have been perennial loss-making entities for several years, its bosses have however been consistent in awarding themselves hefty bonuses which should have been performance based. Speaking at a board effectiveness and performance management guidelines workshop organised by the Office of the President and Cabinet, Chombo said public funds must be fully justified and…

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38 parastatals make US$270m loss …as govt blames incompetence boards

38 parastatals make US$270m loss …as govt blames incompetence boards

By Daniel Chigundu CHIEF Secretary to the President and Cabinet Dr Misheck Sibanda has revealed that about 38 parastatals made a combined US$270 million loss in 2016 owing to corporate governance weaknesses. Addressing delegates during a workshop on board effectiveness and performance management guidelines, Dr Sibanda said mostly parastatals are technically insolvent and are a potential drain to the fiscus. “Audited financial statistics for 2016, for 93 State Enterprises (SEPs) revealed an overall loss of US$270 million by the 38 surveyed commercial entities. “The worrying fact is that of those…

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Chombo turns to Kuruneri …as 2018 budget looms

Chombo turns to Kuruneri …as 2018 budget looms

 By Daniel Chigundu NEWLY appointed Finance Minister Ignatius Chombo has sent an SOS message to ailing former Finance Minister Chris Kuruneri over the 2018 National Budget. Chombo who is relatively unknown in economics circles was appointed to take over the country’s purse from Patrick Chinamasa who had assumed the position since 2013 elections. However, Chombo’s life was made difficult as he has come at a time when the country is working on the 2018 budget amid high employment costs in the region of 95 percent, poor revenue collections and lack…

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MPs want bodyguards …says they are targets of terrorism

MPs want bodyguards …says they are targets of terrorism

By Daniel Chigundu BUHERA South legislator Joseph Chinotimba says Parliamentarians in the country should be given security because they are a target of terrorists and verbal insults. Speaking at the pre-budget briefing seminar at Padhari Lodge, Honourable Chinotimba said MPs in others countries are already receiving such security. “In other countries when you are an MP you get a motorcade, bodyguards and the type of motorcade only differs depending on whether one is a minister, Vice President or the President. “Why are we saying the police should be trained to…

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MPs disrupt Parliament sitting …demand outstanding allowances and IPads

MPs disrupt Parliament sitting …demand outstanding allowances and IPads

By Daniel Chigundu ANGRY legislators from both sides of the House caused disruption of Parliament business today (Thursday 19 October 2017) demanding that they are given their outstanding allowances and IPads they were promised last year. Although we could not ascertain how much they are owed, it is believed the allowances have been outstanding for several months as the government grapples with stressful financial challenges. Legislators reportedly get paid about US$1 000 per month and they also get about US$75 allowances per each sitting day. Since last week, legislators have…

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MPs demand salary increase and executive treatment

MPs demand salary increase and executive treatment

By Daniel Chigundu LEGISLATORS have called for a salary increase arguing that what they are currently getting is not commensurate with the work they are doing and their status in the communities. The demand, however, comes at a time when government currently has a freeze on salary increase owing to unavailability of funds and the huge wage bill which gobbles about 85 percent of the national budget. Speaking in the National Assembly Buhera West legislator Oliver Mandipaka said the perks that legislators get are not fair compared to the other…

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Key populations might affect HIV/Aids targets

Key populations might affect HIV/Aids targets

By Daniel Chigundu SHAMVA South legislator Joseph Mapiki says the country risks losing out on its effort to eradicate HIV/Aids by the year 2030 if it continues to leave out key populations such as transgender people and prisoners in its response strategies. The issue of transgender is very topical in the country, with President Robert Mugabe labelling them as being worse than pigs and dogs. However, this labelling has seen such groups as gays and lesbians being left out in various health programs as they fear coming out in the…

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Air Excellence donates another kit

Air Excellence donates another kit

By Staff Reporter FAST growing air conditioning concern, Air Excellence has donated another soccer kit to Moses “Bambo” Chunga Soccer Academy as part of its giving back to the community. In an interview on the sidelines of the hand-over ceremony, company marketing executive Thandanani Chino said giving back to the community is part of the company’s social corporate responsibility strategy. “We are happy to be donating this soccer kit to the Moses Bambo Chunga Academy because this is part of our social responsibility strategy. “The last time we donated to…

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