September deadline for TelOne, NetOne privatisation
March 25, 2019
Zimbabwe government-owned telecoms company, TelOne, and its mobile subsidiary NetOne, will be partially privatised by September 2019 according to the country's finance minister, Mthuli Ncube.
Cabinet approves parastatal reforms
February 06, 2019
CABINET yesterday approved a litany of measures meant to strengthen under-performing parastatals such as Air Zimbabwe, the Grain Marketing Board and Zesa Holdings
Global experts to advise on parastatal reform
February 05, 2019
Government has roped in global experts in the reform of State-owned enterprises, also known as parastatals, as it seeks to bring viability to the businesses.
The experts will include accountants and strategic advisors who will work together with a team of high-flying local experts, many of whom are leading international experts in finance, economics and business management.
Hwange Colliery Under Administration
October 31, 2018
Govt has placed ailing coal mining firm Hwange Colliery Company Limited under administration to allow it to recover and potentially return to profitability.
New boards for Allied Timbers, ZimParks
October 31, 2018
Environment, Tourism and Hospitality Industry Minister Prisca Mupfumira yesterday appointed new boards:
1. Allied Timbers
3. Environmental Management Agency (EMA), and
4. Forestry Commission.
Chitando appoints new MMCZ board
October 23, 2018
Mines and Mining Development Minister Winston Chitando has appointed a new seven-member board for the Minerals Marketing Corporation of Zimbabwe (MMCZ).
The board will be chaired by Mr David Murangari. Other notable appointments include Chamber of Mines of Zimbabwe chief executive Mr Isaac Kwesu and former Hwange Colliery Company Limited board member Mr Jermister Chininga.
Privatisation deadline for parastatals
October 09, 2018
Government has given under-performing State-owned enterprises (SOEs) and parastatals it has earmarked for disposal — among them NetOne, TelOne and People’s Own Savings Bank (POSB) — between six and nine months to conclude privatisation deals, a Cabinet minister has said. He said Government will dissolve all subsidiary boards of ZESA Holdings and allow ZPC to engage strategic partners for its power generation projects. Grain Marketing Board (GMB) will be demerged into a commercial business unit and Strategic Grain Reserve.
Government To Privatize 16 State Enterprises
October 02, 2018
Through a series of State enterprise reforms, the government is aiming to privatise 16 entities, merge 13 parastatals and liquidate two others. The government’s intentions were confirmed by State Enterprises Restructuring Agency (Sera) executive director Edgar Nyoni.