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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 | | by Staff reporter
Zimbabwe police identify, launch manhunt for Nedbank robbers
POLICE have identified and launched a manhunt for seven suspects, three of them notorious brothers accused of robbing a Nedbank branch in Bulawayo of US$272 500-00, ZAR 2 420 000-00, and five gold coi...Published: 04 Jan 2024 at 05:55hrs | 12 | by Staff reporter
Severe consequences await armed robbers
POLICE's Criminal Investigations Department (CID) has reaffirmed its commitment to flushing out the armed robbers' menace to the preservation of law and order in the country saying the consequences fo...Published: 31 Dec 2023 at 08:54hrs | 9 | by Staff reporter
Historical background of the town of Mvurwi formerly Umvukwes
Mvurwi is a prosperous farming town in Mashonaland Central province. The town is situated about hundred kilometers north of Harare along Kanyemba road, Mvurwi was formally known as Umvukwesi or (Mumug...Published: 27 Dec 2023 at 20:02hrs | 145 | by Givestar Kamuzonde
Electric fault switches off Gweru city centre
Most parts of the city centre in Gweru are without electricity due to a cable fault.In a statement, the Zimbabwe Electricity and Distribution Company said the affected areas are AgriBank, Beth...Published: 25 Nov 2023 at 14:12hrs | 8 | by Staff reporter
Burglars raid Nedbank
Burglars broke into a Nedbank building in Bulawayo's Belmont industrial area where they damaged three safes before stealing over US$270 000 and about R2 million, police confirmed yesterday.The...Published: 30 Aug 2023 at 06:44hrs | 8 | by Staff reporter
Armed robbers blow open bank safe
AN armed robber who is part of a five-man gang that used explosives to blow open a safe at Agribank Lupane branch is recovering in hospital under police guard after he was shot.Police national...Published: 03 Jul 2023 at 07:09hrs | 9 | by Staff rporter
Armed robbers hit Lupane bank
A suspected armed robber from Lupane is battling for life in hospital after being shot by police on the buttocks while fleeing a crime scene where he and four accomplices still at large, attempted to ...Published: 30 Jun 2023 at 14:43hrs | 1 | by Staff reporter
Mohadi claims that Zimbabwe opposition has failed urban people
Opposition political parties have failed to run councils as evidenced by bad roads, failure to collect garbage and provide clean water to residents, Zanu-PF Second Secretary Kembo Mohadi has said....Published: 04 Mar 2023 at 08:00hrs | 10 | by Staff reporter
Zimra clearing agent in US$437,000 fraud
A REGISTERED Zimbabwe Revenue Authority (Zimra) clearing agent appeared at the Harare magistrates court charged with fraud after he converted to own use US$437 433 he had mistakenly received from the ...Published: 28 Sep 2022 at 06:01hrs | | by Staff reporter
US$20m externalised in Zimbabwe diamond sales
MORE than US$20 million was illegally moved out of the country's borders in murky deals involving blacklisted diamond dealer Jamal Ahmed in an opaque sale of one million carats of diamonds from the Mi...Published: 03 Jun 2022 at 19:14hrs | | by Staff reporter
Govt issues $24 billion Covid-19 guarantees
FINANCE minister Mthuli Ncube says government has issued debt guarantees amounting to $24,2 billion and US$15,2 million to help firms ride out Covid-19 induced operational problems.A governmen...Published: 28 Nov 2021 at 08:04hrs | 5 | by Staff reporter
Record wheat harvest for Zimbabwe
More than 188 000 tonnes of wheat have been delivered to the Grain Marketing Board (GMB), which represents a significant increase from 149 874 tonnes that had been delivered during the same period las...Published: 21 Nov 2021 at 08:17hrs | 12 | by Staff Reporter
NetOne intensifies electronic airtime recharge
THE mobile markets in Africa are for the most part prepaid, with the traditional means of distribution being the sale of scratch cards.It is no secret that this distribution channel has brough...Published: 07 Nov 2021 at 07:07hrs | 8 | by Staff reporter
Of sanctions and misgovernance
Am writing this piece after 1 year since I wrote on sanctions and with this small piece I think I will manage to clarify the position on sanctions, however, democracy dictates that one is free to agre...Published: 25 Oct 2021 at 20:48hrs | 1 | by Kumbirai Stein Chivhuna
Ultimatum for defaulting farmers
Farmers financed under Command Agriculture have until November 30 to deliver their maize to the Grain Marketing Board or be blacklisted so they can not access any more Government-guaranteed loans and ...Published: 28 Sep 2021 at 06:10hrs | | by Staff reporter
Biti claims that proposed bank mergers illegal
FORMER Finance minister Tendai Biti, who is also a former chairperson of the National Assembly's Public Accounts Committee, said the proposed mergers of financial institutions involving government ent...Published: 18 Sep 2021 at 19:34hrs | | by Staff reporter
Another bumper harvest on the cards
MAIZE production for the forthcoming 2021/22 summer cropping season is projected to hit three million tonnes, an all-time record high, up by nearly a million tonnes compared to last season's bumper ha...Published: 12 Sep 2021 at 08:42hrs | 4 | by Staff writer
Govt mulls merger of six banks into three entities
A PROPOSAL to merge six financial institutions into three big ones is being considered by the Zimbabwean government, in a different consolidation process from the CBZ Holdings, ZB Financial Holdings, ...Published: 10 Sep 2021 at 18:53hrs | 5 | by Staff reporter
Enough inputs for 2021 season
Seed and fertiliser firms have ramped up production to meet demand for inputs for the forthcoming summer cropping season in State-assisted programmes and the commercial sector, with farmers urged to b...Published: 23 Aug 2021 at 06:46hrs | | by Staff reporter
Zimra commences deducting mining royalties
THE Zimbabwe Revenue Authority (Zimra) has started executing its recently added mandate of deducting mining royalties, through banking institutions, on behalf of Treasury.The tax authority sai...Published: 16 Jun 2021 at 08:18hrs | | by Staff reporter
Bank card cloner gets away with $3m
A-29-YEAR-OLD suspected fraudster yesterday appeared before a Harare magistrate after he allegedly withdrew $3 million from various depositors' bank accounts using cloned cards.Tinotenda Chiny...Published: 15 Jun 2021 at 06:19hrs | | by Staff reporter
Chombo application dismissed, trial set
THE court yesterday dismissed former Cabinet minister Ignatius Chombo's application for exception to fraud charges related to corruptly allocating land in Harare and Zvimba, but dropped five counts of...Published: 10 Jun 2021 at 06:20hrs | | by Staff reporter
Chombo ruling ready
HARARE regional magistrate Mr Stanford Mambanje is today expected to deliver a ruling in a matter in which former Cabinet Minister Ignatius Chombo applied to be exempted from the charges of corruptly ...Published: 04 Jun 2021 at 07:04hrs | | by Staff reporter
IDCZ battles to find 'high calibre' CEO
THE myth that some of Africa's best business minds are found in Zimbabwe has been disproved at the State-run Industrial Development Corporation of Zimbabwe (IDCZ), which has struggled to find a CEO fo...Published: 28 May 2021 at 08:04hrs | 1 | by Staff reporter
'Lands ministry haven for corruption cartels'
A GOVERNMENT investigation, whose preliminary findings have been submitted to President Emmerson Mnangagwa, has exposed rampant corruption at the Ministry of Lands, Agriculture, Water and Rural Resett...Published: 21 May 2021 at 06:08hrs | 1 | by Staff reporter
Privatization plans off rails
In November 2018, the Zimbabwean government set out a privatization plan to dispose completely and partially privatize over 23 state entities and parastatals (SEPs). According to the Auditor General R...Published: 07 May 2021 at 15:41hrs | | by Victor Bhoroma
POSB privatisation gathers pace
STATE-OWNED financial services provider POSB's preparations for partial privatisation and subsequent listing on the Zimbabwe Stock Exchange have moved a gear up after a technical committee appointed b...Published: 04 May 2021 at 06:28hrs | | by Staff reporter
Zimbabwe banks shut doors on 99-year farm leases
THE government has been forced to reintroduce its defunct Agricultural Finance Corporation (AFC) after financial institutions grouped under the Bankers Association and resolved not to accept the state...Published: 11 Apr 2021 at 07:00hrs | | by Staff reporter
Zimbabwe's no go routes for Ngwena's motorcade.
I knew no politics by 1980 because I was still too young. I remember well in the early 1980s we used to read about Mugabe and Nkomo but this history made little sense to our young apolitical minds by ...Published: 22 Mar 2021 at 06:29hrs | | by Etiwel Mutero
Mnangagwa's govt issues ZW$750m fresh guarantees
GOVERNMENT has undertaken to guarantee public and private financial institutions including the Infrastructural Development Bank of Zimbabwe (IDBZ) for debts accrued through the floatation of a series ...Published: 05 Mar 2021 at 06:55hrs | | by Staff reporter
Zimbabwean agriculture recovery in motion
ZIMBABWE is an agrarian economy and has huge potential to produce enough for its people and surplus that can be exported to generate foreign currency. However, there is a puzzling divergence between i...Published: 28 Feb 2021 at 10:43hrs | | by Dr John Basera
Chombo remanded in custody
Former Local Government Minister Ignatius Chombo, arrested on Tuesday on charges of illegally parcelling out land in Harare and Zvimba, will hear today whether his application for bail is successful a...Published: 25 Feb 2021 at 06:20hrs | | by Staff reporter
'Housing co-ops remitted money into Chombo personal bank account'
SEVERAL housing co-operatives around the country reportedly deposited cash into former Local Government minister Ignatius Chombo's personal bank account instead of remitting the money to the State, a ...Published: 24 Feb 2021 at 21:51hrs | | by Staff reporter
Chombo in court for fraud, abuse of power
FORMER Cabinet Minister Ignatius Morgan Chombo today appeared in court on allegations involving illegal parcelling out of pieces of land in Harare and Zvimba Rural District during his tenure as the Mi...Published: 24 Feb 2021 at 17:07hrs | | by Staff reporter
Chombo caged
FORMER Finance minister Ignatius Chombo was last night detained at Rhodesville Police Station in Harare following his arrest on charges of fraud and criminal abuse of office over illegal parcelling ou...Published: 23 Feb 2021 at 06:53hrs | | by Staff reporter
60% of Bulawayo companies close shop
THE labour movement, consumer rights groups, small enterprises and informal traders have lamented the continuous collapse of Bulawayo industries amid revelations that up to 60% of companies have close...Published: 19 Feb 2021 at 07:04hrs | 77 | by Staff reporter
Agribank set to become land bank
Lands, Agriculture, Water and Rural Resettlement Minister Dr Anxious Masuka has advised farmers to have a good relationship with banks as Government's plan to establish Agribank as a land bank is in o...Published: 21 Jan 2021 at 16:11hrs | | by Staff reporter
How South Africa can nudge Zimbabwe toward stability
What's new? As Zimbabwe's political and economic crises worsen, South Africa is moving beyond its policy of "quiet diplomacy" with its northern neighbour and applying more pressure on Harare to open...Published: 18 Dec 2020 at 06:42hrs | | by crisisgroup
Mthuli Ncube crafts debt control plan
Government has formulated a framework for evaluating, monitoring and managing publicly guaranteed and on-lent loans as they contribute to significant debt accumulation in the event of default by the p...Published: 06 Dec 2020 at 07:41hrs | 1 | by Staff reporter
Zimbabwe keen to rejoin Commonwealth
Government will prioritise rejoining the Commonwealth as a launch-pad to unlock international goodwill and sustain re-engagement milestones already realised through resumption of political dialogue wi...Published: 28 Nov 2020 at 07:09hrs | | by Staff reporter
Govt to centralise control of State firms
THE Government will adopt a centralised ownership model for State-owned enterprises (SOEs) to eliminate inconsistencies in governance and ministerial interferences, Finance and Economic Development Mi...Published: 27 Nov 2020 at 06:54hrs | | by Staff reporter
Govt ready to allocate farms to productive youths, says Chiwenga
Vice President Retired General Dr Constantino Chiwenga says government is ready to allocate farming land to youths who have a proven track record in the agricultural sector.Vice president Chiw...Published: 06 Nov 2020 at 16:03hrs | 5 | by Staff Reporter
'We need more Zimdollar than US$'
UNITED Refineries Limited (URL) chief executive officer, Mr Busisa Moyo says the Bulawayo headquartered agro-processing company needs more of the local dollar to localise production of key raw materia...Published: 30 Oct 2020 at 06:19hrs | 7 | by Staff reporter
Chinamasa savages US ambassador Brian Nichols
ZANU-PF acting spokesperson Patrick Chinamasa yesterday again savaged United States (US) ambassador to Zimbabwe Brian Nichols, saying he is pushing a regime change agenda.This comes after the ...Published: 29 Oct 2020 at 21:11hrs | | by Staff reporter
Zim sanctions a CIA regime change agenda project
The illegal sanctions on Zimbabwe are a CIA regime change agenda project being spearheaded by the African-American USA Ambassador to Harare, Brian Nichols, with the assistance of his MDC-Alliance runn...Published: 29 Oct 2020 at 10:02hrs | 1 | by David Mwanza
Soldier arrested for card-cloning
A SOLDIER, who cloned a bank card and accessed $506 475 from an unsuspecting bank client's account has been arrested and is expected to appear in court this week.Mkhokeli Moyo (23), a member o...Published: 26 Oct 2020 at 06:49hrs | | by Staff reporter
'Push for US$100m IDC'
ZIMBABWE's industrial sector has appealed for a lifeline of up to Us$100 million to recapitalise the state-run Industrial Development Corporation (IDC) and bolster its capacity to bail out struggling ...Published: 16 Oct 2020 at 07:03hrs | 1 | by Staff reporter
After TSP, diaspora engagement critical, says Mthuli Ncube
AS government winds up the Transitional Stabilisation Programme (TSP) amid a plethora of challenges it faces in turning around the economy, the Zimbabwe Independent (ZI) caught up with Finance ministe...Published: 02 Oct 2020 at 07:43hrs | 6 | by Staff reporter
Currency changes choke banks
ZIMBABWE'S banking sector is skating on thin ice due to a illiquidity crunch that has drastically reduced the financial institutions' capacity to lend following the reintroduction of a local currency,...Published: 25 Aug 2019 at 18:51hrs | | by Staff reporter
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