March 25, 2019
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AROUND ZIM

AROUND ZIM
Zimbabwe’s government dropped its insistence that a quasi-currency known as bond notes trades at par with the dollar as it overhauled foreign-exchange trading and effectively devalued the securities. The measures are a step toward trying to create a new currency and stabilize Zimbabwe’s economy, which has been plunged into crisis as a shortage of foreign […]Continue Reading
AROUND ZIM
Civil Aviation Authority of Zimbabwe (CAAZ) chief executive Mr David Chawota yesterday appeared in court over allegations of authorising payment of $56 042,76 for promotional material without doing a comparative analysis. Chawota appeared before Harare magistrate Mrs Vongai Muchuchuti Guwuriro facing harges of criminal abuse of office and was granted Chawota $700 bail. He Continue Reading
AROUND ZIM
SOUTH African President Cyril Ramaphosa is expected to lead a high-powered delegation to Zimbabwe next month to discuss bilateral issues affecting the two countries. In a statement, South Africa’s International Relations and Cooperation Minister Lindiwe Sisulu said top on the agenda would be the issue of sanctions imposed on Zimbabwe by the West. “We are […]Continue Reading
AROUND ZIM
CIVIL Aviation Authority chief executive officer David Chawota has been arrested on corruption allegations. A source with the National Prosecution Authority confirmed to Business Times that Chawota is facing a number of corruption allegations from radar, labour abuses to resurrecting contracts from 20 years ago that cost the Authority $ 450 000. Continue Reading
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