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 Patrick Chinamasa

Patrick Chinamasa
Patrick Chinamasa
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updated Sun. September 22, 2019

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The former President Robert Mugabe backed National Patriotic Front (NPF) has accused Reserve Bank of Zimbabwe Governor, Dr John Mangudya and Minister of Finance and Economic Planning, Patrick Chinamasa of operating a syndicate involved in looting of cash from banks for distribution to illegal ...
The privately owned NewsDay newspaper reported that the mines and energy portfolio committee which was chaired by independent lawmaker, Temba Mliswa, had summoned Vice President Kembo Mohadi – a state security minister at the time - finance minister Patrick Chinamasa and former police boss ...

'Follow procedure in terminating contracts of youth officers'. April 16, 2018 Mayibongwe Madlela Local News. Minister Patrick Chinamasa. Harare Bureau Government has directed the Civil Service Commission to follow proper procedures in terminating contracts for more than 3 000 youth officers after the court ruled that it ...
HARARE – The government of Zimbabwe is not telling the nation the truth with regards to the purchase of new planes, analysts contend. Last week, a Zimbabwe Airways plane, registered as Z-RGM, arrived at the Robert Gabriel Mugabe International Airport, the first of four B777s controversially purchased ...
Biti announced that government had only $217 in its coffers when he left office. “He left office with a situation where government had a domestic debt that was running close to $5 billion. “What …(Patrick) Chinamasa inherited was basically a bankrupt ministry of Finance where only what was available was ...
State enterprises Powertel, Zarnet (Zimbabwe Academic and Research Network) and Africom were announced to be merging by Finance Minister Patrick Chinamasa. Most readers will be familiar with Powertel and Africom who both act as Internet Access Providers (IAP) and Internet Service Providers, ...

HARARE – Government has dissolved boards for the Zimbabwe Electricity Supply Authority (Zesa), the Zimbabwe Electricity Transmission and Distribution Company (ZETDC) and the Zimbabwe Power Company (ZPC). This would allow for the establishment of a single board under the Zesa umbrella to ...
Addressing journalists in Harare yesterday, Finance and Economic Development Minister Patrick Chinamasa said Cabinet on April 10, 2018, deliberated on the framework on State and enterprises reforms and took a decision to reform them. He said a decision on Air Zimbabwe had been deferred to allow ...
Zimbabwe is to partially privatise state-owned telecom companies - TelOne, NetOne and Telecel - as President Emerson Mnangagwe's administration intervenes to open up the economy to private investors. The country's Finance Minister Patrick Chinamasa said Friday morning that the move to privatise ...
HARARE - Zimbabwe will look to sell shares in 35 state-owned firms, including telecoms and mining entities, Finance Minister Patrick Chinamasa said on Friday in the country's latest step to revive the economy under new political leadership. New President Emmerson Mnangagwa, who came to power in ...
Vice President Constantino Chiwenga (left), Finance and Economic Planning Minister Patrick Chinamasa (second from left), Industry, Commerce and Enterprise Development Minister Dr Mike Bimha (centre), Lands, Agriculture and Rural Resettlement Minister Perrance Shiri (second from right) listens to ...
BANKS across the globe are known as the engine that drives the economy as activities in any nation cannot be smooth sailing without the flow of money and lines of credit. Historically, the economies of all market-oriented nations depend on the efficient operations of financial institutions, mainly banks.
Last night, a State banquet was held in honour of President Mnangagwa. It was attended by Minister of Foreign Affairs and International Trade Lieutenant-General Sibusiso Moyo (Retired), Mr Patrick Chinamasa (Finance and Economic Development), Ambassador Simon Khaya Moyo (Energy), Dr Mike ...
Zimbabwe has secured $1,2 billion needed to clear World Bank arrears with Finance and Economic Development Minister Patrick Chinamasa saying the transaction will be completed once the Washington-headquartered financial institution announces the amount it will give the country as fresh funding.
FINANCE minister Patrick Chinamasa and Reserve Bank of Zimbabwe governor John Mangudya are in China ahead of President Emmerson Mnangagwa's official visit to the Asian economic giant this month, as part of the government efforts to drum up financial aid to revive the economy. BY RICHARD ...
FINANCE Minister Patrick Chinamasa and Reserve Bank of Zimbabwe Governor have taken their begging bowls to China as President Emmerson Mnangagwa prepares to undertake his biggest State visit since assuming power last November. Counsellor in the Chinese embassy in Harare Zhao Boagang ...
GOVERNMENT has amended the Indigenisation and Economic Empowerment Act in line with guidelines enunciated in the 2018 national budget statement. Presenting the 2018 fiscal policy statement in December last year, Finance and Economic Planning Minister Patrick Chinamasa said Government, ...

FINANCE Minister Patrick Chinamasa says shock revelations linking Chinese nationals among those heavily involved in illicit financial dealings in the country will not lead to any strained relations between Harare and Beijing. He was speaking from China in a telephone interview with NewZimbabwe.com ...
MUTARE: IT would have been a crying shame had Zanu PF gone to elections this year with a 94-year-old as its presidential candidate, finance minister Patrick Chinamasa has said. Chinamasa, who is also the ruling party's finance secretary, made these remarks while addressing party supporters in the ...
Germany has said it is ready to engage Zimbabwe on long-term projects, and has denied reports that it refused entry to Zimbabwe's envoy to Europe, Minister Patrick Chinamasa, who has so far held successful engagements with British and French authorities. The private media reported yesterday that Cde ...
A DIPLOMATIC rift between European superpowers Britain and Germany over Zimbabwe emerged this week when the British government hosted Finance minister Patrick Chinamasa while the Germans barred him from visiting. This came as Berlin adopts a cautious approach towards the Zimbabwean ...
It is important to expose Robertson's lie, because both Finance and Economic Planning minister Patrick Chinamasa and President Mnangagwa have not only said Zimbabwe is open for business. They have said white commercial farmers who lost “their” land under the land reform programme would be ...
FINANCE Minister Patrick Chinamasa has conceded the country's recurrent cash crisis would not go away anytime soon adding that locals still did not trust the formal banking channels. Addressing backbenchers in parliament recently, Chinamasa said the cash crisis has come as a blessing in disguise as ...
“You will recall that through his 2018 National Budget Statement, the Honourable Minister of Finance and Economic Development (Cde Patrick Chinamasa) made a commitment to pay the 2017 13th cheque on a staggered basis, guided by revenue inflows as well as taking account of cash flow ...
FINANCE minister Patrick Chinamasa said he will rise from his grave if the farm which was given to former Zanu PF youths boss Kudzayi Chipanga is not repossessed and used profitably. Chinamasa said this during the extra ordinary Provincial Coordinating Committee meeting which was convened to ...
CABINET has approved a $170 million tender to Zim-Borders Consortium for the expansion of the Beitbridge Border Post, the country's busiest inland port of entry. The tender also covers construction of accommodation for scores of Zimbabwe Revenue Authority staffers in the border town. Responding to ...
Christopher Hokonya, chairperson of Townsend Enterprises, made the claims in Parliament on Thursday, accusing Finance minister Patrick Chinamasa, his predecessor Ignatius Chombo, former Mines minister Walter Chidakwa and ex-secretary Francis Gudyanga of facilitating the deal. Hokonya told the ...
Further, last month Finance and Economic Development minister Patrick Chinamasa said the government had secured a commercial loan facility of $1,2 billion to clear World Bank arrears in order to unlock fresh financing, but has not revealed the source of the loan, raising questions over its plan to tackle ...
Following the arrival of the Boeing 777, reports indicated that Transport Minister Jorum Gumbo and Finance minister Patrick Chinamasa had been at pains trying to explain the rationale behind the setting-up of the airline amid speculation it was a Mugabe family venture. But according to The Standard, ...
On the other hand, Reserve Bank of Zimbabwe governor, John Mangudya and Finance minister Patrick Chinamasa were said to be in China recently, where they were looking to renegotiate loan repayments. For the past few years, the buzzwords were Lima plan, as the State sought to make good on a plan ...
He was received at the Abidjan International Airport by Cote d'Ivoire President Alassane Quattara, Zimbabwean Ambassador to Senegal and the region Trudy Stevenson and Finance and Economic Development Minister Patrick Chinamasa. More than 1 200 influential African and international CEOs, ...
During the World Economic Forum in #Davos, the Minister of Finance and Economic Planning Patrick Chinamasa was asked if he'd buy Bitcoin at all. Well, his response was quite… interesting. Watch the video below by Business Weekly. If for some reason, you can't, worry nay, I've quoted his response in ...
Finance Minister Patrick Chinamasa said the government would be bold in reforming loss making state-owned companies and the mining sector, which generates the highest export earnings. “I think that 4.5 percent (growth) projection may well be conservative,” Chinamasa told the government-owned ...
HARARE – Finance minister Patrick Chinamasa has been hauled to the coals for dismissing corruption allegations being levelled against Home Affairs minister Obert Mpofu without giving the politician the opportunity to clear his name. Responding to questions in the National Assembly last week, ...
HARARE - Last week, Finance minister Patrick Chinamasa did a pathetic job of defending the indefensible. During debate in the National Assembly on the National Budget, he tried to dismiss former president Robert Mugabe who revealed in a televised interview in February 2016 that diamond revenue ...
Government should conduct an audit to ascertain how the $380 million Zimbabwe Iron and Steel Company debt was accrued, lobby group The Zimbabwe Coalition on Debt and Development (ZIMCODD) has said. Finance and Economic Planning Minister Patrick Chinamasa has since gazetted the Zisco ...
Finance and Economic Planning Minister Patrick Chinamasa has ruled out the possibility of nationalising the National Blood Services of Zimbabwe (NBSZ), and warned stakeholders to be wary of taking such an “emotional” decision. Speaking in the National Assembly during a debate on the Finance Bill ...
FINANCE and Economic Development Minister, Patrick Chinamasa has increased the Ministry of Health and Child Care allocation from $454 million to $520 million following an outcry by MPs. MPs and Zimbabweans in general have been clamouring for more funds to be allocated to the Health Ministry to ...
FINANCE Minister Patrick Chinamasa has admitted messing up on devolution but pledged, tongue in cheek, to donate civil servants' salaries towards funding the programme. According to the national constitution government must provide for the setting up of structures to superintend over the affairs of the ...
Nketa Emganwini Member of Parliament, Phelela Masuku has slammed Finance minister Patrick Chinamasa for developing cold feet in the implementation of devolution of power. BY NIZBERT MOYO. He said Chinamasa, who argued that devolution is expensive to implement, was in breach of the ...
Bond notes will remain in circulation until Zimbabwe introduces its own currency, Finance and Economic Planning Minister Patrick Chinamasa has said. Responding to questions on the fate of the bond notes after media reports claimed they will be phased out, Minister Chinamasa said the introduction of a ...
The Budget Statement made on 7 December 2017 by Finance minister Patrick Chinamasa gives some cause for hope amongst investors. Amongst other measures, Chinamasa announced that the Indigenisation and Empowerment Act would be amended to confine the requirement for 51% indigenous ...
In the 2018 national budget, Finance and Economic Planning Minister Patrick Chinamasa said on the outlook, the biggest threat emanates from inflationary pressures the economy faces from potential general price hikes driven by speculative tendencies, arising from the mis-match between electronic bank ...
Addressing Zimbabweans and investors in Namibia on Monday where he had accompanied President Mnangagwa on a working visit, Finance and Economic Planning Minister Patrick Chinamasa, conceded the country had a higher tax regime. President Mnangagwa's administration has placed economic ...
FINANCE minister Patrick Chinamasa has insisted that there is "enough" cash in the economy and blamed queues at banks on the lack of public confidence and trust in the local financial sector. Zimbabwe has struggled with serious cash shortages since April 2016 resulting in locals literally sleeping in ...
FINANCE minister Patrick Chinamasa seemed to be heralding a new dawn late last year when he said the government did not have money to buy cars for chiefs. This was seen as part of wider austerity measures, as the government was showing that it had to live within its means. However, at the weekend, ...
The subdued forecasts by the Bretton Woods institutions sharply contrast with the government's overly optimistic 4,5 percent on the back of scaled-up agricultural financing, economic reforms and policy interventions as pronounced by Finance minister Patrick Chinamasa in his 2018 National Budget ...
Last year, before Finance minister Patrick Chinamasa made the 2018 National Budget statement, MPs demonstrated in Parliament demanding, among other things, the release of the $50 000 CDF. It was not clear why MPs were failing to submit their CDF applications. However, one of the reasons could be ...
... Parliament to scrap a constitutional provision that devolves powers to provinces. Speaker of Parliament Jacob Mudenda, let the cat out of the bag when he beseeched lawmakers recently to urgently amend Chapter 14 of the Constitution in response to a request by the Finance minister, Patrick Chinamasa ...
Government has started mobilising resources to clear arrears in respect of salaries, rentals and other running costs for its various embassies around the globe as part of efforts to rebuild the country's image, Foreign Affairs and International Trade Minister Sibusiso Moyo has said. Tied to the ongoing efforts, ...


 

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