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Nigerian billionaire Zimbabwe deals falter amid capital problems
WITH the help of Zimbabwean authorities who supported him amass platinum, gold, lithium, iron ore, tin and some rare earth mineral concessions, it first appeared like he was going far.At some poin...Published: 28 May 2024 at 12:46hrs | 605 | by Staff reporter
Zimbabwe ex-diplomat in fraud storm
Shamiso Fred, a former honorary diplomat to the United Arab Emirates (UAE), faces legal action for allegedly defrauding Zimbabweans living abroad in what is suspected to be a Ponzi scheme.Arou...Published: 22 May 2024 at 09:59hrs | 357 | by Staff reporter
Zimbabwe shut out of poorly attended US-Africa summit
ZIMBABWE was conspicuous by its absence at the recently held US-Africa Business Summit held in Houston, Texas, in stark contrast to last year's edition held in Botswana attended by President Emmerson ...Published: 21 May 2024 at 16:25hrs | 9430 | by Staff reporter
Rejuvenating the Real Estate Market in Matabeleland, Zimbabwe: Strategies for Development and Competitiveness
Chief Real Estate Officer, Integrated Properties Zimbabwe, a nation with a storied history and a vibrant yet tumultuous economy, faces multifaceted chal...Published: 19 May 2024 at 20:58hrs | 1026 | by Dr Bekithemba Mpofu
The journey of real estate investment trusts in Zimbabwe
In the dynamic and ever-evolving landscape of Zimbabwe's financial markets, real estate investment trusts (REITs) stand as formidable instruments for both capital growth and market participation....Published: 19 May 2024 at 15:39hrs | 669 | by Dr Bekithemba Mpofu
Bulawayo attracts US$135m investment
BULAWAYO has to date attracted investment worth US$135 million in the manufacturing sector, which has seen the creation of more than 33 000 direct jobs, with the Government revealing that the city is ...Published: 19 May 2024 at 10:49hrs | 3322 | by Staff reporter
Zimbabwe's Ralph Mupita scoops top regional business award
Ralph Mupita, the Zimbabwean-born President and CEO of MTN Group, has been honored as CEO of the Year at the 2024 Africa CEO Forum.The prestigious award was presented to Mupita this week durin...Published: 19 May 2024 at 10:27hrs | 84 | by Staff reporter
Zimbabwe's very own Emperor Nero is burning down povo's hovels to build palatial villas for filthy rich few
"The closer the collapse of the empire, the crazier its laws" Marcus Tullius Cicero. Well we in Zimbabwe are witness this first hand. Zanu PF introduced the new local currency insisting ...Published: 18 May 2024 at 20:47hrs | 940 | by Wilbert Mukori
Remittances and FDI: Harmonizing Zimbabwe's economic strategies for sustainable growth
Zimbabwe's economy stands at a critical juncture, grappling with deep-seated challenges such as systemic unemployment, volatile currency fluctuations, and an uncertain business climate. Within this pr...Published: 18 May 2024 at 15:27hrs | 152 | by Dr Bekithemba Mpofu
Zimbabwe invited to China's premier global gold showcase
Mines Minister Winston Chitando, representing the Government of Zimbabwe, has been extended an invitation to attend this year's World Gold Council's China Gold Congress, a premier gathering in the glo...Published: 18 May 2024 at 11:07hrs | 116 | by Staff reporter
Mnangagwa says Zimbabweans must not be shy to make money
Zimbabweans should not hesitate to make money, as the government has created a conducive environment for economic success, President Emmerson Mnangagwa stated.Speaking at the commissioning of ...Published: 18 May 2024 at 10:59hrs | 153 | by Staff reporter
Why is Zanu-PF opening branches and office in South Africa?
Out of all liberation parties in Africa, Zanu PF is the only one that is opening offices and branches in all major South African cities and beyond. For an independent country like Zimbabwe, an embassy...Published: 17 May 2024 at 13:45hrs | 215 | by Israel Dube
Zimbabwe central bank governor gets a rude awakening
BUSINESS executives yesterday gave Reserve Bank of Zimbabwe (RBZ) governor John Mushayavanhu a rude awakening after a snap survey which showed that they were not ready to support the new currency....Published: 12 Apr 2024 at 09:49hrs | 4524 | by Staff reporter
'Bond notes, Zimdollar had no backing'
BOND notes and the Zimdollar (ZWL$) did not have any backing during their tenure, the central bank has said, raising questions on the facilities that were bandied to be supporting the local currency....Published: 12 Apr 2024 at 09:49hrs | 1061 | by Staff reporter
'Increase in sugar prices unwarranted'
THE Confederation of Zimbabwe Retailers (CZR) has expressed concern over speculative pricing of sugar on the local market.In a statement yesterday, CZR president Denford Mutashu said the recen...Published: 12 Apr 2024 at 09:49hrs | 675 | by Staff reporter
'Zimbabwe needs genuine investors'
DUBAI-based businesswoman Edith Chibhamu says there is little evidence that Zimbabweans are benefiting from the "so-called foreign investment".Chibhamu said authorities must consider engaging ...Published: 12 Apr 2024 at 09:48hrs | 222 | by Staff reporter
Zimbabwe leverages on resources for economic stability
The backing of Zimbabwe's currency by gold and strategic mineral reserves is reflective of the Second Republic's determination to ensure the country's natural resources are leveraged to advance sustai...Published: 11 Apr 2024 at 08:37hrs | 57 | by Staff reporter
ZiG Currency: Catalyzing Zimbabwe's Middle-Income Pursuit - Empowering Economic Well-being
Zimbabwe has taken a crucial step in revitalizing the economy and instilling trust in the financial sector by introducing the groundbreaking Zimbabwean Gold-backed Dollar (ZiG) as the official replace...Published: 10 Apr 2024 at 22:17hrs | 284 | by Elvis Dzvene
Zimbabwe finds a way to turn paper into gold long live Gushungo!!!
Money, the market, free enterprise, free trade, law, and justice, among others - existed in other forms before the colonialists introduced paper currency. The natives had their own functional institut...Published: 09 Apr 2024 at 16:58hrs | 2673 | by Sam Wezhira
Court judgement could see 70% of mines shut down in Zimbabwe
HARARE - A large majority of Zimbabwe's mines risk losing their mining permits after the High Court ruled that miners should first obtain an environmental impact assessment certificate (EIAC) before b...Published: 08 Apr 2024 at 21:09hrs | 13058 | by ZimLive
Repowering of Hwange Units 1-6 to boost power generation
THE Government is stepping up the repowering of Hwange Units One to Six as part of efforts to find a lasting solution to the electricity problem in the country and is working on funding modalities as ...Published: 07 Apr 2024 at 10:06hrs | 78 | by Staff reporter
Zimbabwe campaign for foreign direct investment intensifies
IN a strategic move meant to bolster the country's economic landscape, the Minister of Finance, Economic Development and Investment Promotion, Professor Mthuli Ncube, is set to spearhead a series of F...Published: 07 Apr 2024 at 10:05hrs | 29 | by Staff reporter
Focus on road, rail rehabilitation to boost Zimbabwe economy
The Government of Zimbabwe has expressed its commitment to rehabilitating the country's roads, with a particular focus on the strategic Beitbridge-Bulawayo-Victoria Falls Road. The Government aims to ...Published: 07 Apr 2024 at 10:04hrs | 104 | by Staff reporter
Strategic Analysis of Zimbabwe's Monetary Policy and Its Implications on the Real Estate Sector
Introduction The Reserve Bank of Zimbabwe unveiled a new monetary policy aimed at stabilizing the country's currency and economy. The policy focuses on ...Published: 07 Apr 2024 at 09:17hrs | 893 | by Dr Bekithemba Mpofu
AfDB to fund a $250 million gold mine in Zimbabwe
THE African Development Bank (AfDB) has shown great interest in funding Caledonia Mining Corporation's planned $250 million gold mine in Zimbabwe.The information was relayed by the company's c...Published: 06 Apr 2024 at 08:16hrs | 324 | by Staff reporter
POSB privatisation put on halt
THE planned partial privatisation of the People's Own Savings Bank (POSB) has been put on halt as the bank awaits further guidance on the project from the shareholder.Partial privatisation was...Published: 04 Apr 2024 at 06:14hrs | 563 | by Staff reporter
Glassblock Dam construction report by the end of April- Coltart
BULAWAYO Mayor Senator David Coltart, during a recent councillors' meeting, said there is progress in the construction of the Glassblock Dam.He announced that the Government had agreed to ente...Published: 04 Apr 2024 at 06:01hrs | 786 | by Staff reporter
Zimbabwe govt under fire as investors damage graves
THE Zanu-PF government has come under fire for authorising investors to destroy dozens of graves to pave way for mining activities while ignoring the country's social and traditional norms and beliefs...Published: 03 Apr 2024 at 06:06hrs | 1022 | by Staff reporter
US$15,000 bribe demand haunts top officials
The Public Accountants and Auditors Board (PAAB)'s secretary and the acting deputy secretary are at the centre of a corruption scandal involving the registration of a new audit firm.The PAAB i...Published: 31 Mar 2024 at 15:22hrs | 486 | by Staff reporter
Zanu-PF's Moyo under fire over poor record record
MATABELELAND North Provincial Affairs minister Richard Moyo is under the spotlight for presiding over several failed and unfulfilled projects in the province since he was appointed minister in 2017....Published: 31 Mar 2024 at 15:18hrs | 279 | by Staff reporter
'Google deal to boost Zimbabwe firms'
TECHNOLOGY firm, Liquid Intelligent Technologies Zimbabwe, says its strategic partnership with Google Cloud will be a boost for local firms.The Google Cloud Platform, offered by multinational ...Published: 27 Mar 2024 at 06:38hrs | 586 | by Staff reporter
Who is protecting Henrieta Rushwaya?
Zimbabwe is in a state of disaster where the leaders are caught in a web of corruption, putting the young people and the next generation into a hopeless future of wallowing in abject poverty wit...Published: 25 Mar 2024 at 20:21hrs | 1600 | by Leonard Koni
Zimbabwe capital markets conferences set for SA
FINANCIAL Markets Indaba (FMI), in partnership with the Victoria Falls Stock Exchange (VFEX) is set to co-host two Zimbabwe capital markets conferences in South Africa next month, NewsDay Business can...Published: 22 Mar 2024 at 09:38hrs | 161 | by Staff reporter
How NFTs have transformed the art world
The art world has historically been regarded as an exclusive domain, preserved for a select few who have the contacts, money, and expertise required to enter it. Owning a prestigious piece of art has,...Published: 22 Mar 2024 at 09:09hrs | 157 | by Staff Reporter
Prophet Magaya in fresh mining storm
SEVERAL people who entered into mining deals with Prophetic Healing and Deliverance (PHD) leader Walter Magaya are seeking legal recourse after failing to receive their shares, seven years after depos...Published: 12 Mar 2024 at 05:15hrs | 1889 | by Staff reporter
Google SVP sees Zimbabwe becoming Africa's tech hub
According to James Manyika, Senior Vice President at Google, Zimbabwe possesses immense potential to emerge as a leading technology innovation hub in Africa, provided that the costs associated with In...Published: 11 Mar 2024 at 08:52hrs | 685 | by Staff reporter
African-American investors eye Zimbabwe opportunities
Zimbabwe is set to benefit from investments valued at more than US$500 million in several sectors of the economy from a group of African-American owned businesses that have set their eye on the local ...Published: 11 Mar 2024 at 04:52hrs | 197 | by Staff reporter
Why Donald Trump's support has been growing!
My friends in Europe and in Africa ask me the perennial question. What makes for Donald Trump's longevity in American politics? And why are the Democrats trying their best to lock him up in a ja...Published: 10 Mar 2024 at 06:59hrs | 600 | by Kenneth Mufuka
47 farms earmarked for new city
FORTY-SEVEN farms in Mashonaland West and Mashonaland Central provinces have been earmarked for the development of the new capital city in Mt Hampden, where work on core infrastructure, which includes...Published: 10 Mar 2024 at 06:24hrs | 438 | by Staff reporter
'Zimbabwe can be tech hub'
THE vice president of technology and society at Google, Dr James Manyika, believes Zimbabwe has the potential to become Southern Africa's technology hub and intends to leverage on his expertise to emp...Published: 10 Mar 2024 at 06:22hrs | 55 | by Staff reporter
Zimbabwe unstoppable, says Mnangagwa
Despite the albatross of illegal, unjust, and baneful economic sanctions, Zimbabwe will continue marching on the path towards upper-middle-class economic status by 2030 with every Zimbabwean having a ...Published: 09 Mar 2024 at 09:13hrs | 192 | by Staff reporter
EXCLUSIVE: Victim of Mafia Boss Francesco Marconati speaks on how he lost his beer plant and got deported
In the shadowy world of mafia dealings, a sinister evil chess game orchestrated by the self-styled Italian Mafia boss,Marconati, (pictured) has been exposed.Today, we delve into the Francesco ...Published: 08 Mar 2024 at 17:27hrs | 751 | by George Tshuma
US calls for 'new-look' at Zimbabwe
The United States government says it stands ready for a "constructive relationship" with Zimbabwe adding the latest developments presented an opportunity for businesses to explore possible opportuniti...Published: 08 Mar 2024 at 07:52hrs | 1446 | by Staff reporter
Zanu-PF gate-crashes US's sanctions Press briefing
Zanu-PF yesterday accused the United States of shutting the door for engagement after its members were barred from gate-crashing a Press conference where US embassy officials were explaining the new s...Published: 07 Mar 2024 at 05:11hrs | 2262 | by Staff reporter
Africa's biggest challenge is getting an honest workforce
I used to criticise African companies like Dangote Group who hire so many Indians while there are many unemployed Africans, but now I understand their painful decision.The biggest challenge in...Published: 06 Mar 2024 at 20:14hrs | 213 | by Karim KONE
Self-styled mafia boss Francesco Marconati panics...threatens to sue media
In the wake of widespread media coverage exposing Francesco Marconati's alleged misdeeds across Zimbabwe, the self-styled Italian Mafia boss has resorted to legal threats in an attempt to suppress the...Published: 06 Mar 2024 at 17:02hrs | 568 | by George Tshuma
Ex-Indian soldiers in murky deals
SUSPECTED former Indian army officers, who have been operating in Mozambique's troubled northern province of Cabo Delgado region, have reportedly settled in Zimbabwe, where they are allegedly operatin...Published: 05 Mar 2024 at 05:01hrs | 1543 | by Staff reporter
Zimbabwe gas, oil discovery changes energy game
ZIMBABWE is primed to become a major player in the oil and gas industry following the confirmation of gas, light oil, condensate and helium deposits by Geo Associates, Mines and Mining Development Min...Published: 05 Mar 2024 at 04:57hrs | 518 | by Staff reporter
Zimbabwe's digital title deeds on the cards
THE Presidential Title Deeds programme will soon unveil a digitalised and securitised document that is tear and water proof as the Second Republic led by President Mnangagwa moves to curb cases of fra...Published: 05 Mar 2024 at 04:54hrs | 225 | by Staff reporter
10 new IPPs to generate 271MW for Zimbabwe
ZIMBABWE has licenced 10 more independent power producers (IPPs) to start generating 271MW of electricity in the next 12 to 24 months under the Government project support agreement which now holds clo...Published: 04 Mar 2024 at 04:42hrs | 457 | by Staff reporter
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