The government has announced a restructuring exercise of up to 47 state enterprises and parastatals. The country has 107 such entities which contribute a paltry 2% to the gross domestic product from a peak of 40% in the 1990s. It is thought that the restructuring will assist with improving efficiencies and reduce the financial burden on the treasury.
Parastatals to Be Privatised in Six Months, Says Official
Zimbabwe Standard, 12 May 2019
The government expects to find investors for state enterprises earmarked for partial privatisation and tie up the deals in the next six months, an official has said. Read more »
Parastatal Reforms to Earn Govt U.S.$350 Million
The Herald, 20 March 2019
Government expects to generate US$350 million from reforming TelOne, NetOne, Telecel, Zimpost and the Peoples' Own Savings Bank (POSB). Read more »
Anti-Corruption Campaign Insincere
Zimbabwe Independent, 12 April 2019
The failure by President Emmerson Mnangagwa's government to tackle high-level corruption--which has contributed immensely to economic decay--has raised serious questions about his… Read more »
Govt Enhances Accountability
The Herald, 3 April 2019
Government is moving to enhance accountability within its systems by moving from cash accounting to accrual accounting based on the International Public Sector Accounting Standards… Read more »
There are No Loopholes in New Privatisation Programme - Finance Minister
New Zimbabwe, 15 November 2018
FINANCE Minister Mthuli Ncube says government's ongoing privatisation process will not create any avenues for corrupt politicians and business persons to manipulate and further… Read more »
Former Roads Boss In Court Over Unapproved U.S.300,000 Loan
New Zimbabwe, 12 March 2019
Former Zimbabwe National Road Administration (ZINARA) board chairperson, Albert Mugabe (41) was Monday dragged to court on allegations of advancing the parastatal's chief executive… Read more »
Trade Fair Reflects Struggling Economy
Zimbabwe Independent, 26 April 2019
ZIMBABWEAN private companies are struggling to find their feet owing to a harsh operating economic environment which has seen just a few local firms exhibiting at the country's… Read more »
Tourism Parastatal Pushes for Corporate Travel Incentive
New Zimbabwe, 26 April 2019
Zimbabwe Tourism Authority's (ZTA) acting chief executive, Rita Likukuma has urged the business sector to seriously consider extending offering travel incentives in a bid to… Read more »
Parastatal Pharmacy Company Given Ultimatum
The Herald, 6 May 2019
Government yesterday gave National Pharmaceutical Company (Natpharm) directors a one-week ultimatum to disburse to various health institutions across the country, medicine… Read more »
AllAfrica publishes around 600 reports a day from more than 150 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.
Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.
AllAfrica is a voice of, by and about Africa - aggregating, producing and distributing 600 news and information items daily from over 150 African news organizations and our own reporters to an African and global public. We operate from Cape Town, Dakar, Abuja, Monrovia, Nairobi and Washington DC.