How fortunate, then, that Britain is helping to fill the gap. The Mugabe-Tsvangirai government evidently believes that kitting out secondary schools is not worth a penny of Zimbabwean citizens’ money, but our Department for International Development (DFI

Zimbabwe's diamonds are funding violence and repression, according to a new report. The Kimberley Process lifted the ban on Zimbabwe diamond exports. (Sajjad Hussain/AFP/Getty Images) BOSTON — Zimbabwe's diamonds, already dripping in blood, may become bl

2012-02-19 17:35 War vets battle dispair A dusty road leads to the village of Wedza, where veterans of Zimbabwe's liberation war eke out a meagre living on their farm cooperative, which after a promising start now brings only despair. Harare - Zimbabwean

ZIMBABWE's economy will grow at a much slower pace in 2012, an independent forecast indicated, suggesting a 6,5 percent gross domestic product (GDP) growth this year. Government has projected a 9,4 percent GDP growth this year. The International Monetary

Prime Minister Morgan Tsvangirai is said to be 'happy' with mining operations at the controversial Chiadzwa diamond fields, after his first tour of the area on Thursday. The Premier was accompanied by Finance Minister Tendai Biti and Mines Minister Obert

The chat around the table the other day was how many fat pigeons were shot with stones from the catapults of kids in the areas of Hot Springs and Nyanyadzi as the road heads south to Birchenough Bridge. It is the most amazing 125 kilometre stretch of roa

THE Government of National Unity (GNU) turned three on Monday. Zimbabwe Independent Senior Political Editor Faith Zaba spoke to MDC-T Secretary-General, Tendai Biti, also a negotiator, on elections, constitution-making, successes and of the current coali

JOHANNESBURG – Zimbabwe rolled out a raft of measures this week to boost stability in the country's financial sector, decimated by its economic crisis and investor flight. Finance Minister Tendai Biti announced plans to issue a new form of bonds to Zimba

RENEWED political battles have erupted between the three political parties in the inclusive government , Zanu PF and the two MDC formations, over at least five disputed issues in the controversial new draft constitution, further stalling the process towa

ZANU PF ministers and other influential officials are under investigation for plundering Grain Marketing Board (GMB) depots and looting inputs for the 2011/12 agricultural season, particularly fertiliser, thus sabotaging agricultural production at a time

FINANCE minister Tendai Biti and Reserve Bank governor Gideon Gono on Thursday announced reforms which they expect to improve liquidity and stability in the banking sector, including, among other things, ordering financial institutions to remit offshore

TREASURY has ordered all banks to repatriate 75 percent of funds held in offshore accounts with effect from March 1 as part of measures to curb liquidity challenges. Foreign banks operating in Zimbabwe are believed to be sitting on over US$500 million of

By Nelson Banya HARARE (Reuters) - Zimbabwe will limit the amount of cash local banks can hold in offshore accounts, Finance Minister Tendai Biti said on Thursday, in its latest move to ease a dollar crunch in the wake of the collapse of its own currency

* Banks may only keep up to 25 pct of balances offshore from March 1 * C.bank says about $450 mln held in offshore accounts HARARE, Feb 16 (Reuters) - Zimbabwe will limit the amount of cash local banks can hold in offshore accounts, Finance Minister Tend

It reminds one of how so many things are wrong in this country where political instruction from the elders has moved from the very tenets that saw young men once upon time in 1912 form Africa’s oldest political movement, or what stirred Ndabaningi and hi

Zimbabwe is now sorting out the lack of liquidity in parts of the banking system but this is a two-fold process: the injection of liquidity has to be done alongside tighter regulation of banks with the closure or compulsory merger of banks that simply ca

A study by Global Witness marks the first comprehensive attempt to pin down ownership of two companies awarded the rights to mine at Marange since concessions were awarded by the mining ministry four years ago. It reveals that one company has, among its

The passing away of Brother Bornwell Chakaodza serves to emphasise the fact that our dreams have been betrayed by our leaders. Chakaodza was a great mind and a patriot. When he was asked by the rulers of the country to defend the fort against the onslaug

Zimbabwe last year registered a budget surplus, ensuring that Finance Minister Tendai Biti scored good points in his austere measures that sought to restrict the budget to within revenue levels, but analysts said tight fiscal control was yet to restore c