Search / Acquisition
Bulawayo residents acquire vehicle for neighbourhood watch patrol
Residents of Sunninghill suburb in Bulawayo have come together to add a fifth vehicle to their crime patrol fleet, in response to growing concerns over safety and security in the area. The collaborati...Published: 15 Nov 2024 at 08:36hrs | 644 | by Staff reporter
Zimra 'agent' arrested
A 28-year-old Harare woman, Faith Mukaro, appeared in court on Tuesday, charged with fraud after allegedly misrepresenting herself as a Zimbabwe Revenue Authority (Zimra) agent and swindling a fellow ...Published: 14 Nov 2024 at 09:51hrs | 722 | by Staff reporter
Chiyangwa's 250,000 stands projects raises alarm
A Harare-based liberal think tank, the Coalition for Market and Liberal Solutions (Comaliso), has raised concerns over the feasibility of businessman Phillip Chiyangwa's ambitious 250,000 housing stan...Published: 12 Nov 2024 at 10:59hrs | 989 | by Staff reporter
Zanu-PF to splash cash on 174 cars
ZANU-PF, Zimbabwe's ruling party, is set to make a significant investment in its transportation fleet, planning to purchase 174 new twin and single cab vehicles. This move, revealed in the party's 202...Published: 03 Nov 2024 at 10:22hrs | 4691 | by Staff reporter
Setback for Ramaphosa as another major retailer in South Africa closes its doors
Jumia Technologies, the Africa-focused e-commerce retailer that operates popular online retailer Zando, says it will be exiting the South African business by the end of the year to sharpen its focus o...Published: 19 Oct 2024 at 12:31hrs | 9582 | by Staff reporter
Grid Africa secures R50 million Equity Investment from Rifuwo
Grid Africa has announced a major milestone with the successful acquisition of a R50 million equity investment from Rifuwo Energy Partners. This funding will significantly boost the company's efforts ...Published: 16 Oct 2024 at 15:42hrs | 237 | by Staff reporter
Mutapa to acquire drug producer CAPS Holdings
Zimbabwe's sovereign wealth fund, the Mutapa Investment Fund, is set to acquire local healthcare and drug manufacturing giant CAPS Holdings, despite a Supreme Court ruling earlier this year overturnin...Published: 14 Oct 2024 at 08:10hrs | 186 | by Staff reporter
Mutare grapples with critical land shortage
The Mutare City Council is confronting a critical land shortage as the demand for residential stands continues to rise among residents. This pressing issue was highlighted by the council's deputy dire...Published: 08 Oct 2024 at 07:31hrs | 163 | by Staff reporter
Family fights over house acquired in 1960
A Harare family is embroiled in a long-standing legal dispute over ownership of a house acquired through the marriage certificate of one of its members in 1960. The case, which has now reached the Sup...Published: 08 Oct 2024 at 07:29hrs | 575 | by Staff reporter
Iran joins the Nuclear boys club?
Recent reports are swirling with speculation that Iran may have conducted an underground nuclear test on October 5, sparking global intrigue and concern. Although there has been no official confirmati...Published: 07 Oct 2024 at 16:48hrs | 3602 | by Staff reporter
Referees and money pays off for Simba Bhora
If there were any doubts about the impact of financial backing on football success, Shamva-based side Simba Bhora's transformation in just two seasons in the Castle Lager Premier Soccer League has sil...Published: 02 Oct 2024 at 07:40hrs | 258 | by Staff reporter
Zimbabwe businessmen face US$1.4 Million fraud charges over property scam
Two prominent businessmen from Harare, Satishbhai Patel, 60, director of Honda Centre, and Ebrahim Mahomad, 57, director of Union Hardware, have been arrested and charged with fraud amounting to US$1....Published: 30 Sep 2024 at 07:59hrs | 1070 | by Staff reporter
ZNA legal officer's trial starts on 22 October
Harare magistrate Stanford Mambanje has set October 22 as the trial date for suspended Zimbabwe National Army legal officer Grace Kurasha, who is facing charges of fraudulently acquiring a local bridg...Published: 30 Sep 2024 at 07:44hrs | 606 | by Staff reporter
'PVO Bill to define Zimbabwe's identity'
The recently passed Private Voluntary Organisation (PVO) Amendment Bill is set to transform the regulation of civic society in Zimbabwe, Justice, Legal and Parliamentary Affairs Minister Ziyambi Ziyam...Published: 30 Sep 2024 at 07:29hrs | 204 | by Staff reporter
Big international bank leaving Ramaphosa's South Africa
HSBC has exited its operations in South Africa after concluding deals with FirstRand and Absa to take over its two main divisions in the country. The bank first opened a South African office i...Published: 29 Sep 2024 at 12:49hrs | 44604 | by Staff reporter
Why does Zimbabwe attract rogue Chinese investors?
Last night, I had the honor of being one of those invited for the launch of a report, in Harare, by the Center for Natural Resource Governance (CNRG) titled, 'Chinese Investments in Zimbabwe'....Published: 27 Sep 2024 at 22:57hrs | 4972 | by Tendai Ruben Mbofana
Zimbabwe economic saboteurs go after Finance ministry?
Despite the significant strides made by Zimbabwe's Second Republic in reviving the economy and spearheading widespread infrastructural development, detractors continue to work hard to discredit these ...Published: 13 Sep 2024 at 08:01hrs | 651 | by Staff reporter
Molefe exposes Transnet's CEO
The role state capture has played in the current troubles facing Transnet was in dispute in Parliament on Tuesday as the state freight company's former CEO, now MK Party MP, Brian Molefe, challenged t...Published: 12 Sep 2024 at 06:58hrs | 307 | by Staff reporter
Guvamatanga faces scrutiny over South African properties
George Guvamatanga, the Permanent Secretary of the Ministry of Finance, is under investigation following revelations of his extensive property portfolio in South Africa. This development has raised si...Published: 10 Sep 2024 at 08:25hrs | 10029 | by Staff reporter
'Rehabilitate Bulawayo-Kezi Road to attract investments'
Lovemore Moyo, former Speaker of the National Assembly during Zimbabwe's government of national unity, has called on the Matobo Rural District Council (RDC) and relevant authorities to prioritize the ...Published: 10 Sep 2024 at 07:29hrs | 319 | by Staff reporter
Prince Dube making waves in Tanzania
Zimbabwean striker Prince Dube is proving to be an excellent acquisition for Young Africans, maintaining his impressive scoring form for the Tanzanian giants. Over the weekend, Dube netted a goal as Y...Published: 25 Aug 2024 at 17:41hrs | 2588 | by Staff reporter
Kumalo appointed as new chairperson
Zimplow Holdings Limited has appointed Benjamin Nkosentya Kumalo as its new chairperson, effective July 31, 2024, following the resignation of Godfrey Tsikayi Manhambara at the end of July. ...Published: 21 Aug 2024 at 07:21hrs | 499 | by Staff reporter
Arsenal Steadily Closing the Gap with Manchester City: Reasons for the Gunners' Successful Development
In the world of English football, a captivating story is unfolding. Arsenal, once a great club that endured years of stagnation, is rising again, challenging Manchester City's hegemony. This process, ...Published: 18 Aug 2024 at 19:05hrs | 418 | by Staff Reporter
Zimbabwean businessman acquires Fortune Africa Magazine
Zimbabwean businessman and philanthropist Edd Branson has acquired Fortune Africa Magazine, a leading media firm known for its economic and political coverage across Africa. ...Published: 17 Aug 2024 at 12:35hrs | 199 | by Staff reporter
SABC To Broadcast English Premier League
The SABC has secured the rights to broadcast 33 live matches from the 2024/2025 English Premier League (EPL) season, bringing top-tier soccer action to South African screens.The public broadca...Published: 16 Aug 2024 at 14:50hrs | 968 | by Staff reporter
Air ambulances for Bulawayo, Matebeleland North
The Government has allocated Bulawayo and Matabeleland North provinces three helicopters as Zimbabwe begins to roll out its first-ever air ambulance service after taking delivery of 18 helicopters fro...Published: 09 Aug 2024 at 07:33hrs | 220 | by Staff reporter
WATCH: Zimbabwean cattle rancher shatters auction records in South Africa
In a landmark event for the cattle ranching industry, Collins Tafireyi, a Zimbabwean cattle rancher, shattered auction records today by purchasing a prized Boran Stud bull for an unprecedented R8 mill...Published: 03 Aug 2024 at 22:51hrs | 2295 | by Staff Reporter
BCC councillors fret over fire tender, ambulance shortages
The City of Bulawayo is experiencing a critical shortage of ambulances and fire tenders, raising concerns among councillors and residents. Delays in emergency response times have been highlighted, wit...Published: 02 Aug 2024 at 07:03hrs | 127 | by Staff reporter
Econet commissions over 30 sites for network expansion
Econet Wireless Zimbabwe Limited has commissioned over 30 new sites across Zimbabwe in its first quarter ending May 31, 2024, as part of its network modernization program. This initiative aims to enha...Published: 16 Jul 2024 at 06:58hrs | 152 | by Staff reporter
Zimbabwe govt loses land dispute
In a recent legal development, the High Court has intervened to order the Ministry of Local Government to return an offer letter withdrawn from land developer N-Frays Infrastructure. The case, brought...Published: 12 Jul 2024 at 09:10hrs | 11 | by Staff reporter
Facelift for Chirundu
Chirundu is poised for significant improvements following the acquisition of equipment by the Chirundu Local Board through devolution funds. With an allocation of US$638,982.57, the local board obtain...Published: 11 Jul 2024 at 07:25hrs | 12 | by Staff reporter
High-tech Western weapons 'useless' in Ukraine conflict
Satellite-guided shells are particularly vulnerable to Russian jamming technology, commanders in Kiev have told the newspaperRussia's electronic warfare capabilities have rendered precision-gu...Published: 10 Jul 2024 at 17:07hrs | 27 | by Staff reporter
Warriors star makes big move in Danish football
Munashe Garan'anga, a prominent Warriors star, is poised to make history by joining Danish football giants FC Copenhagen from Belgian club KV Mechelen. The 23-year-old defender is set to sign a lucrat...Published: 09 Jul 2024 at 05:57hrs | 23 | by Staff reporter
Vehicle scandal rocks Harare Town House
Harare City Council (HCC) is embroiled in a scandal involving the purchase of luxury vehicles worth over half a million dollars. According to NewsDay sources, 10 Grade Four officials acquired ...Published: 08 Jul 2024 at 11:05hrs | 29 | by Staff reporter
The Sentry report on Mutapa Fund is shallow and weak
I had the MISFORTUNE of going through a report prepared and distributed by The Sentry, possibly written by an excitable Nick Donovan. Long story short, the report is shallow and weak. Here is ...Published: 04 Jul 2024 at 16:37hrs | 14 | by MMatigary
Botswana receives military transport aircraft from US
The Botswana Defence Force (BDF) has taken delivery of a C-130H Hercules military transport aircraft from the United States of America. The aircraft arrived at Sir Seretse Khama International Airport ...Published: 01 Jul 2024 at 04:07hrs | 15 | by Staff reporter
Zimbabwe secures TB medicines for half a year
Zimbabwe has secured a six-month supply of critical tuberculosis (TB) drugs for its public health institutions, addressing recent shortages that had severely disrupted TB control efforts in Harar...Published: 24 Jun 2024 at 06:20hrs | 2 | by Staff reporter
Founders High School acquires 72-seater bus
Founders High School in Bulawayo celebrated a significant milestone as it unveiled its first-ever 72-seater bus, marking a historic occasion since its establishment in 1952. The event was filled with ...Published: 23 Jun 2024 at 10:32hrs | 21 | by Staff reporter
ConCourt grants Umvutcha farmer's appeal over property caveats
The Constitutional Court (ConCourt) has granted an appeal to Alistair Michael Fletcher, an Umvutcha farmer, challenging a Supreme Court decision that overturned a High Court ruling regarding caveats p...Published: 19 Jun 2024 at 07:41hrs | 6 | by Staff reporter
Zimbabwe ConCourt to decide definition of rural land
The Constitutional Court must decide if a farm near Bulawayo, incorporated into Bulawayo City Council in 1999, still qualifies as rural land. The distinction affects compensation processes for state-a...Published: 13 Jun 2024 at 06:45hrs | 1 | by Staff reporter
Gwanda town runs out of expansion land
Gwanda Municipality in Matabeleland South is embarking on a land acquisition drive to support the town's expansion and facilitate various development projects, aiming to enhance service delivery. This...Published: 12 Jun 2024 at 06:36hrs | 1 | by Staff reporter
Charting the optimal path for Zimbabwe's development REITs
This discourse delves into three principal governance models: the trustee-fund manager model, the board of directors approach, and the trustee-advisory board model.In the intricate landscape o...Published: 09 Jun 2024 at 09:13hrs | 1 | by Bekithemba Mpofu
Zimbabwe to open passport offices in US, UK and Zambia
The Cabinet recently approved the Ministry of Home Affairs and Cultural Heritage's Integrated Information and Communication Technology (ICT) Systems Strategy, which aims to computerize government depa...Published: 09 Jun 2024 at 09:03hrs | 16 | by Staff reporter
UK exploration company to acquire mine in Zimbabwe
Ariana Resources Plc, a UK-based precious metals exploration company, has agreed to acquire a 100% stake in Zimbabwe's Dokwe Mine. This acquisition complements Ariana's primary operations in T...Published: 08 Jun 2024 at 20:48hrs | 8 | by Staff reporter
'Mnangagwa's Harare commission is a waste of money'
Harare residents have voiced concerns about a commission of inquiry appointed by President Emmerson Mnangagwa to investigate the city council, deeming it a waste of money since the issues are already ...Published: 06 Jun 2024 at 13:37hrs | 9 | by Staff reporter
Dembare protest Chirinda ruling
Despite the ZIFA Player Status Committee clearing Obriel Chirinda to play for Premier Soccer League champions Ngezi Platinum Stars, the striker's troubles are far from over. Harare giants Dynamos, who...Published: 30 May 2024 at 08:22hrs | 1 | by Staff reporter
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 | 8 | by Staff reporter
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 | 26 | by Dr Bekithemba Mpofu
Zimbabwe introduces injectable HIV drug
ZIMBABWE has introduced Cabotegravir long-acting (CAB-LA), an injectable pre-exposure prophylaxis drug, to add to the HIV prevention regime in the country.The drug, an ARV designed to suppress...Published: 11 Apr 2024 at 08:35hrs | 1 | by Staff reporter
UK Certificate of Sponsorship agent up for fraud
A SUSPECTED bogus United Kingdom Certificate of Sponsorship agent was yesterday dragged to the Harare Magistrates' Courts for allegedly defrauding a client of US$5 100 after promising to facilitate th...Published: 09 Apr 2024 at 06:21hrs | 6 | by Staff reporter
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