Zim_Forever

@daddyhope @Chofamba What does the word manufacture mean nhai trained journalist.

I have been tagged in Nelson Chamisa’s response because I wrote about this story yesterday. Fortunately, I am a trained journalist, and I understand the difference between a denial and a claim that a story is “misleading.” Nelson Chamisa did not say the story was false. He did not say, “I never said this.” He did not deny making the remarks. Instead, he said the story was misleading. He is a lawyer, and lawyers choose their words very carefully. When someone says a story is misleading, they are usually saying that some or all of the information may be true, but that they disagree with the interpretation, framing, emphasis, or context in which it was presented. That is completely different from saying the story is fabricated or false. A false story means: “This never happened.” “I never said those words.” A misleading story means: “I said something, but you have interpreted or presented it in a way I disagree with.” Those are two completely different things. So to the folks who tagged me trying to suggest there was a denial, please go and educate yourself before attacking journalists. You will quickly realise that Nelson Chamisa did not deny the story. He challenged the way it was framed and interpreted. I cannot be held hostage to people’s ignorance about how words are used, especially in politics and law. As I said, Nelson Chamisa is a lawyer. He is a clever man, and he knows exactly what he has done in that statement. He has not denied the story. He did not say, “This is false.” He did not say, “I never said these things.” Instead, he said the story is misleading. Those are two completely different things.

@TembaMliswa .

This is as brazen an attack on the President as one can ever give and coming from his own Deputy its shocking. For one so close to the President to resort to this is diplomatically gross and strategically poor. The VP is now seriously endangering his standing by pandering to the whims of social media and the opposition by indulging in content creation. The subject matter which he poorly dresses in Biblical frocks instead of explicitly stating his opposition to CAB3, as any serious politician would do, shows his level of frustration. Politically the man has been outmanoeuvred and if he is sincere that he opposes what ZANU PF has come to represent then he should resign like any self-respecting leader. What he is contesting is a party decision and he can't continue within an entity whose thinking and direction he doesn't accept! Resigning, not metaphors, is the only redemptive path for him. He should resign and then canvass for the support of the opposition, which he is clearly pandering to, against his own party. CAB3 is not the product of any single individual but is a ZANU PF project, a party to which he belongs. He cannot reduce it to any single Hezekiah when he has been part of Cabinet that approved it. He failed to block the resolution from the Conference, Politburo, Central Committee, Cabinet, Public Hearings and we are now reaching the Parliament stage. For the ruling party he has become the main opposition, providing fodder for continued tension and instability through such veiled attacks. The biggest takeaway from all this is that he lacks the necessary political muscle and internal support for anything of significance. Thats a hard truth which the doomsday prophets should quickly recognise and stop putting pressure on him to become some action hero. Party members have accepted the party decisions and moved on. Only social media and the motley crowd of illusionists hanging in shadows amount to the "army" that are beckoning him into what will surely amount to self-immolation. Fuelled by this "virtual army" he has instigated multiple political infractions goading President Mnangagwa who has himself remained dignified and quiet. ED's patience and Long-Game tactics are clearly unsettling him. It's just that the political standards for the opposition, which has embraced him on social media, is very low such that they can't recognise the absurdity of the VP remaining part of the machinery which they deride and yet embrace him as a shining light. For the ruling party he is becoming a liability publicly questioning party resolutions and feeding the public mentality with treasonous thoughts.

@I_amDorcas @SamdGreat01 Temperature my sister over 25000F so water act as cooling agent

@SamdGreat01 But why inside ocean? Why not land?

This Artemis mission has allowed us to learn a few things we really didnt know. I used to think Astronauts come back to earth with the same space ship the traveled to space. But no, they will be using parachute to land in the Pacific Ocean. Strange! Why doesn't the spacecraft land on earth like airplanes do? Anyone?

@zinaraZW @263Chat Excellent planning, now lets put this action

New overpass and major upgrade planned for Chiremba Road in Harare An overpass is set to be constructed at the Chiremba Road and Glenara Road intersection in Harare, alongside upgrades to Chiremba Road. The project will refurbish and fully connect the route from Robert Mugabe Way through Braeside and Epworth to Mutare Road near George Shops. This will eliminate the missing link, complete a vital southern corridor, improve traffic movement, and reduce through-traffic in nearby residential areas. #PartnersforProgress #KmbyKm

@SkyNews 8&

BREAKING: Donald Trump is 'very disappointed' with Keir Starmer for blocking him from using Diego Garcia to carry out strikes on Iran, according to The Telegraph. Iran latest: trib.al/jIsmN1E 📺 Sky 501 and YouTube

@daddyhope @JaYMuchy1 You should establish more facts before you raise issues of corruption. What if the Govt owes Valley seeds and instead direct payment they are guaranteeing valley seeds' debt. This is an acceptable simple financial engineering.

RETWEET THIS FOR THE WORLD TO SEE This is an official support letter from the Zimbabwean Ministry of Finance, dated 24 March 2025, addressed to the Managing Director of Ecobank Zimbabwe. It is signed by George Guvamatanga, who is the Permanent Secretary for Finance and the heart of the corruption engine under Mnangagwa’s corrupt regime. The letter confirms that the Ministry of Finance has recorded a legacy debt of US$191,578,835 million owed by Valley Seeds (Private) Limited which is run by President Emmerson Mnangagwa’s nephew, Temba Nkatazo. Ecobank Zimbabwe has agreed to discount up to US$20 million of this amount under a 12 month term loan facility. The Ministry guaranteed the repayment and undertook to reduce the legacy debt by US$5 million monthly through Valley Seeds’ account. In the event of any payment delays, Ecobank is authorised to directly debit up to US$5 million from a Ministry of Finance account held at the bank. These are public funds that are being used to pay a debt owed by a private company. This letter places a public guarantee on a private company’s debt, committing government resources (i.e. public funds) to back a commercial loan facility for Valley Seeds. This is highly controversial in public finance terms because it tied state funds to a private company without clear public accountability, which is an undeniable act of corruption and cronyism, especially considering the large figures involved and the government’s economic struggles. This also raises serious concerns about transparency, as there is no explanation at all of how Valley Seeds was selected, what public benefit the deal serves, all know is that it is run by Mnangagwa’s nephew and that it was used to loot public funds during Command Agriculture days. This is an act of cronyism and state capture, particularly because the company has political ties. The structure put in place by Guvamatanga bypasses parliamentary oversight and violates public finance principles by committing future government revenues to a private debt servicing at a rate of US$5 million per month. In a country facing a catastrophic healthcare crisis, underpaid civil servants, and failing infrastructure, such a public finance financial burden is reckless, corrupt and unsustainable. It also undermines the integrity of the banking system by encouraging politically motivated lending and shielding private entities from accountability, making this a glaring example of the misuse of public funds for private gain. This letter is written by a man who used to be CEO of Barclays Bank, it is staggering! He is doing this for the President’s cronies because they are accountable to nobody except the corruption mafia Godfather himself, Emmerson Mnangagwa. Now why Valley Seeds? We know that Temba Nkatazo is the CEO of this company and that he is Mnangagwa’s nephew. Valley Seeds, under Nkatazo’s leadership, was a huge player in the corrupt Command Agriculture program which was driven by Mnangagwa. It has many allegations of mismanagement and corruption, billions were looted through it. Former Finance Minister Tendai Biti highlighted that companies like Valley Seeds invoiced the government without providing proof of seed deliveries. A 2023 parliamentary probe found no credible evidence to justify the debts claimed by such companies. Biti questioned how the government ended up owing nearly US$200 million to Valley Seeds, suggesting that the debts might not be genuine and pointing to a pattern of financial impropriety in the programme. Nkatazo was also listed among the beneficiaries of the Reserve Bank of Zimbabwe’s Farm Mechanisation Scheme, receiving a loan of US$323,329. This was published in a report by the later Dr Alex Magaisa which exposed how the bank was looted by ZANUPF. If Valley Seeds doesn’t pay this money, it is YOU the taxpayer who will pay it! More to come!

@Mishi_2210 1050

What is the answer? 99.9% will fail

@Electrosaleszw What a wonderful shopping

@GodswillChemist 15

Only the sharpest eyes can spot how many birds are in this picture — can you?

@papaleano @IQTestBrain Right answer

@IQTestBrain k=1/3

@mawarirej Where is the mischief, Mr Mawarire. MoF is saying it owe this said company, and the Company is borrowing with its debtors as its security. This is common business practice. Do you know what is called debt factoring.

This is stinking corruption. The substance of this transaction is that Valley Seeds is borrowing $20m from EcoBank with Ministry of Finance as a guarantor. - ⁠All Gvt Loans and guarantees should be subject to the Public Debt Management Act and parliament should be informed at all times. - ⁠It is strange for the Ministry to guarantee private entities outside of the set framework per public debt management act. - ⁠Strangely the Ministry will pay $5m per month over the duration of the loan (12 months) when the accessed loan is $20m. Does it therefore imply that EcoBank is making a profit of $40m from a structure shere they outlayed $20m? - ⁠What is the interest of the Ministry in immunising the deal from any future policy changes? Of what strategic importance is Valley Seeds? - ⁠Why would the Ministry appoint Guvamatanga (a person deriving authority from a Gvt position) to be the Principal executor in a private transaction? If everything is transparent, why cant future Finance Permanent Secretaries uphold the same deal and have same powers? - ⁠Why does Guvamatanga [and only him] sign on a letter that claims that he is the principal executor?

@NgonieSanaz Don't lie to people please. Your certificate will not at all help them in getting employment. Tell them to take the long route of getting certified.

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@tmukogo Thanks Tinashe. An area of interest which you did not touch is governance. It could be deliberate because information may not be available. What is the Board & management composition like. I feel that as much as informalisation is key management decisions are also of importance.

13/16 What do you think? I could be wrong however as this analysis based on information that is publicly available. There could be some facts I have not considered Comment and tell me what you think?

1/16 From The Archive: First Published 11 November 2023. How is TM Pick n Pay doing compared to OK? This is a question often asked, especially when discussing how OK has been struggling. I dug through both their financials, and this is what I found.

@NgonieSanaz Don't mislead our younger ones Ngoni. Tell them the difference between academic and professional studies and the importance of both first beforeyou advertise your business. Advertising your business for money and yet hiding the life facts won't help you in the long run.

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@gift_mugano My thinking Prof, is it far fetched for the Government to introduce measures that will foster banking inclusivity at the same propping up ZWG. For instance they can legislate use of plastic money thereby enforcing use on fuel and taxes. This will make everyone banked.

The informal sector or informality is now the biggest national security threat The informal sector is killing formal businesses, negatively affecting revenue inflows to treasury and making it virtually impossible for the GOZ to foster policy compliance. Striking examples: 1) Treasury instituted various tax measures such as presumptive taxes with a view to collect US$1.2 billion from the informal sector but only collected a paltry of US$35 million! 2) The IMTT (2%) used to contribute 16% of total revenue. Recent stats from Treasury shows that the IMTT is now contributing 3.41% of total revenue due to massive tax evasion as the informal sector is avoiding online payments in favour of cash transactions. 3) Informal jobs have shot to 87.7% in December 2023 from 75.6% in 2019, i.e., leaving the formal sector with a 12.3% share of contribution to employment - thus weakening PAYE inflows. Resultantly, the latest report by AG shows the year - to - date deficit sits at ZiG6.68 billion. 4) The authorities failed to foster compliance on ZiG - they have no capacity to arrest over 7 million people in the informal sector. The informal sector is one of the major killers of our local currency! We have deep rooted structural challenges which requires a massive paradigm shift in the way we run our economy. We need pragmatism, think tanking and disruptive thinking. On a daily basis, we talk about politics and ZiG! Without being prescriptive, when are we going to come up with disruptive strategies aimed at addressing the deep rooted structural challenges affecting our economy? Yours Truly The Professor of the Poor & Currency Seer

@daddyhope But why would a normal person want to travel with stash of cash instead of using the banking system.

The Zimbabwean regime has reduced the amount of cash allowed to leave the country on your person from US$10,000 to only US$2,000. Previously, Zimbabweans could leave the country with US$10,000 in cash before this announcement was made yesterday. Zimbabwe is now in an "IT CAN’T" kind of politics and economics that doesn’t make sense at all. This reduction in the cash that can be taken out through airports or land borders will fuel the underground money exchange business, as no sensible person would keep their money in Zimbabwe’s current banking system under Emmerson Mnangagwa’s corrupt regime. Keeping it in a Zimbabwean bank account where the US Dollar has been declared equal to the local currency through a government decree is one thing. I feel sorry for general traders who earn a living by buying goods abroad and selling them in Zimbabwe to support their families. Zimbabwe’s industrial base has been destroyed by bad government policies, corruption and pure ignorance by the ruling elites. Traders who now bring in goods not made in Zimbabwe need cash, either Rands or US Dollars, when travelling to South Africa or Dubai/China, respectively. What will they buy with only US$2,000? That is why I initially said that Zimbabwe’s economy is now in an "IT CAN’T" mode, where the corrupt government enforces measures that make no sense at all. Many of us have bank accounts in South Africa, Britain, and America. We never worry about our money in those countries because citizens in those countries trust their authorities, and the authorities have given them no reason for citizens not to trust them. Zimbabwean citizens don’t trust their government or economic institutions like the central bank, which it controls. What the regime needs to fix is the issue of trust, instead of imposing constraints that will inevitably be broken. Even Mnangagwa and his corrupt colleagues don’t trust the banking system they run. They have hidden their stolen public funds in Mauritius at Bank One, Dubai, South Africa, Botswana, Europe, and America. Why should we trust something that the authorities running the country don’t trust themselves? Ultimately, addressing the underlying issues of corruption, policy inconsistencies, and lack of trust is essential for the long term economic recovery and growth of Zimbabwe not draconian regulations which the enforcer will also break!

@gift_mugano @ReserveBankZIM That's very uneconomical with your knowledge. How can a country with capable people use the USD as the mono currency. We just need to face the challenges head on and deal with the informal market. We need to formalise our economy

Floating exchange rate is the best thing to do if and only if @ReserveBankZIM has sufficient reserves. In our case, we don't have enough reserves. The RBZ decision to liberalise the ZiG is suicidal - they just put nail on the Zig coffin. What is RBZ supposed to do? They must scrap the ZiG and return to USD mono-currency and introduce the ZiG when the time is ripe - when right fundamentals are in place....@BusinessWeeklyZ 👇👇👇 businessweekly.co.zw/gold-backed-cu…

@freemanchari Was this truly a dream Chari,

These dreams ka! 😳😳

@Chi_chy18 @TiChitsinde Design went wrong. Sue the designer and please don't parade this on public platforms. We have better designers and installers not this, check Finetimber Solutions on FB and you see the difference

Am l the only one who is confused with why the microwave is between stove and extractor