Biti criticizes Mutapa Investment Fund as unconstitutional

Zimbabwe's former Finance minister Tendai Biti has strongly criticized the Mutapa Investment Fund, characterizing it as an unconstitutional takeover of the country's funds.

Zimbabwe's former Finance minister Tendai Biti has strongly criticized the Mutapa Investment Fund, characterizing it as an unconstitutional takeover of the country's funds.

Zimbabwean government has come under fire for working with two local firms in a sordid deal that would result in the supply of laptops and desktop computers to parliament business units at exorbitant prices.

Finance minister Mthuli Ncube has said government will enact legislation enshrining the use of multi-currency system in the economy as part of measures to maintain stability and confidence in the market.

Zimbabwe's annual inflation rate accelerated to 191.6% in June, more than double the rise in consumer prices two months ago, official statistics showed on Saturday.

HARARE – Treasury secretary George Guvamatanga’s acceptance of lavish gifts from corruption-accused business tycoon Kudakwashe Tagwirei is legally questionable, lawyers have said.