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Mutapa to shake-up State firms
Mutapa Fund Plots Major Shake-Up of State-Owned Enterprises to Enforce Governance and ProfitabilityZimbabwe's sovereign wealth vehicle, the Mutapa Investment Fund, is preparing to roll out swe...Published: 13 Jul 2025 at 16:12hrs | 667 | by Staff reporter
Zimbabwe army faces scrutiny over unlawful gold mining operations
Rusununguko/Nkululeko Holdings (Pvt) Ltd, a company owned by the Zimbabwe Defence Forces (ZDF), is allegedly conducting an unauthorized alluvial gold mining operation in Allied Timbers' Tarka Forest, ...Published: 20 Oct 2024 at 12:23hrs | 560 | by Staff reporter
Zanu-PF official in trouble for stealing timber
A Zanu-PF Manicaland provincial youth league official, Law Tiengane, is facing serious allegations of timber theft from Allied Timbers in Chimanimani. Tiengane, who previously managed Climb Ha...Published: 11 Aug 2024 at 18:30hrs | 213 | by Staff reporter
'Mutapa Investment Fund mustn't become conduit for looting'
AS prevalence of public sector corruption reaches alarming levels, the International Monetary Fund (IMF) has demanded that Zimbabwean authorities ensure the newly-established Mutapa Investment Fund (M...Published: 11 Mar 2024 at 09:09hrs | 38 | by Staff reporter
Mnangagwa's Mutapa Fund likely to create oligarchs
FEARS abound that President Emmerson Mnangagwa's self-serving Mutapa Investment Fund project has hallmarks of how Russian state assets were sold for a song or brazenly stolen during its transition fro...Published: 09 Oct 2023 at 13:50hrs | | by Staff reporter
Mutapa looting machine
PRESIDENT Emmerson Mnangagwa is full of surprises.He wants to be seen to be doing something and, in many instances, creates new offices that in reality are as clear as mud.Mutapa Inves...Published: 23 Sep 2023 at 21:34hrs | 2 | by Paidamoyo Muzulu
Lukashenko joins Zimbabwe lithium rush
BELARUSIAN President Alexander Lukashenko this week travelled 7 982 kilometres, the distance by air from his capital Minsk to Harare, in his first sub-Saharan visit to meet President Emmerson Mnangagw...Published: 04 Feb 2023 at 20:17hrs | 2 | by Staff reporter
Mnangagwa associate biggest winner in Zimbabwe-Belarus deals
ZIMBABWE'S honorary consul to Belarus Alexander Zingman, a close associate to President Emmerson Mnangagwa and his counterpart Alexander Lukashenko, was the biggest winner in trade agreements signed t...Published: 04 Feb 2023 at 20:13hrs | 2 | by Staff reporter
Top Belarus official jets into Zimbabwe
BELARUSIAN Deputy Prime Minister, Mr Piotr Parkhomchik, arrived in Zimbabwe yesterday and is expected to hold bilateral meetings with various ministries as the two countries seek to deepen their long ...Published: 10 Oct 2022 at 06:05hrs | 13 | by Staff reporter
Zanu-PF stalwarts and ex-ministers troop back
Zanu-PF stalwarts and ex-ministers in the current administration and late former President Robert Mugabe's government are plotting a political comeback after they were cleared by the politburo to cont...Published: 08 Oct 2022 at 21:06hrs | 1 | by Staff reporter
Mnangagwa talks tough on illegal mining
THE Government will not tolerate timber poaching, illegal mining, settlements in plantations, and deforestation as that will impede the rural industrialisation agenda being driven by the Second Republ...Published: 23 Jul 2022 at 07:25hrs | 4 | by Staff reporter
Gold branding necessary in anti-smuggling fight, says ZACC
Zimbabwean gold needs to be branded so it can be positively identified once smuggled out of the country, to enable easy identification, the Zimbabwe Anti-Corruption Commission (ZACC) has said....Published: 02 May 2022 at 07:54hrs | 1 | by Staff reporter
ZACC blocks US$18m illegal transactions
THE widening of the battle against corruption to include prevention as well as hunting down the lawbreakers is paying off for the Zimbabwe Anti-Corruption Commission which recently blocked two illegal...Published: 20 Apr 2022 at 08:03hrs | | by Staff reporter
Blacklist for tender cheats
The Zimbabwe Anti-Corruption Commission (ZACC) is looking at blacklisting tender cheats despite improvements in the processes that have seen all suppliers having to be vetted before they are allowed t...Published: 17 Nov 2021 at 05:10hrs | 12 | by Staff reporter
Manama Mission Hospital rehab to be complete in two weeks
REHABILITATION works at Manama Mission Hospital are expected to be completed within two weeks, before work to upgrade the hospital begins.Sections of the hospital's critical buildings were ext...Published: 03 Nov 2021 at 05:22hrs | 19 | by Staff reporter
Air Force of Zimbabwe embracing technology
The Air Force of Zimbabwe (AFZ) is fully embracing technology and widening its technological base in all areas in order to meet demands of the 21st century and effectively deal with emerging threats a...Published: 25 May 2021 at 07:13hrs | 3 | 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 | 2 | by Staff reporter
'Zimbabwe's private sector is not doing its part'
Professor Mthuli Ncube presented the Mid-Term Fiscal Policy Review on Thursday last week and many naturally sought to understand what his new measures mean. Understandably, many are concerned about th...Published: 04 Aug 2019 at 10:09hrs | 2 | by Staff reporter
AG report puts ZACC to test
The efficiency of the Zimbabwe Anti-Corruption Commission (ZACC) will be put to test by its response to the scathing Auditor- General's report that exposed serious rot in government and parastatals....Published: 04 Jul 2019 at 18:48hrs | 1 | by Mona Lisa Dube
More heads to roll at parastatals
PUBLIC officials in State-owned enterprises (SOEs) and Government departments might soon face the music after the Auditor-General, Mrs Mildred Chiri, uncovered continued dereliction of duty and deep-s...Published: 30 Jun 2019 at 09:02hrs | 2 | by Staff reporter
Audit exposes shocking govt rot
GOVERNMENT last year overspent by more than $2 billion without seeking parliamentary approval, while various departments and local authorities flagrantly flouted accounting procedures, Auditor-General...Published: 29 Jun 2019 at 16:45hrs | 2 | by Staff reporter
Mthuli Ncube opens up
Zimbabwe is on a journey of reform. Nobody ever said it wouldn’t be a bumpy ride; but the most important thing is that the journey has begun, and we are heading in the right direction.The Tr...Published: 03 Jun 2019 at 10:11hrs | | by Mthuli Ncube
Why Zimbabwe is on the path to progress
Zimbabwe is on a journey of reform. Nobody ever said it wouldn't be a bumpy ride; but the most important thing is that the journey has begun, and we are heading in the right direction.The Tran...Published: 03 Jun 2019 at 07:23hrs | | by Prof Mthuli Ncube
Govt to retain 26% stake in parastatals
Government has resolved to retain just 26 percent in at least three parastatals and/or State enterprises, Finance and Economic Development Minister Mthuli Ncube has said.Such equity-holding wi...Published: 20 May 2019 at 06:24hrs | | by Staff reporter
Cyclone Idai hits Manicaland business
THE devastating Cyclone Idai has affected Manicaland's agro-based industry thereby reducing exports, while players in the small to medium enterprises sector were either forced to close shop or downsca...Published: 27 Mar 2019 at 23:48hrs | 2 | by Staff reporter
Cyclone Idai brings Chamisa face to face with effects of sanctions
The Government of Zimbabwe, led by President Emmerson Mnangagwa is on record calling for the unconditional removal of the Western imposed illegal sanctions on the Southern African State, arguing that ...Published: 21 Mar 2019 at 10:16hrs | 2 | by Mapozho Saruchera
Why Zimbabwe is on the path to progress
Zimbabwe is on a journey of reform. Nobody ever said it wouldn't be a bumpy ride; but the most important thing is that the journey has begun, and we are heading in the right direction.The Tran...Published: 17 Mar 2019 at 08:45hrs | 1 | by Mthuli Ncube
Mnangagwa bullish on TelOne future prospects
The professionalism of TelOne's management, including their determined push to turnaround the State-owned enterprise (SOE), will likely be a drawcard for reputable technical partners or suitors, Presi...Published: 17 Mar 2019 at 08:30hrs | 17 | by Staff rpeorter
Govt regrets Battlefields disaster
The fourth cabinet sitting of 2019 has regretted the Battlefields mine disaster and decided to institute thorough investigations.24 bodies were retrieved from the mines, while 8 people were pu...Published: 19 Feb 2019 at 20:01hrs | 6 | by Staff reporter
Mega deals remain elusive for Zimbabwe
Locally, thousands have called him a hero for toppling the only leader Zimbabwe has known for almost four decades.Abroad, investors are, for the first time in decades, considering Zimbabwe as ...Published: 08 Dec 2018 at 14:50hrs | 1 | by Staff reporter
Zinara officials use personal bank accounts for business
The Zimbabwe National Road Administration (Zinara) and National Oil Infrastructure Company of Zimbabwe (NOIC) were using personal bank accounts for employees outside Harare to administer cash transact...Published: 09 Nov 2018 at 05:00hrs | | by Staff reporter
Zimbabwe still awaits mega deals
LOCALLY, thousands have called him a hero for toppling the only leader Zimbabwe has known for almost four decades.Abroad, investors are, for the first time in decades, considering Zimbabwe as ...Published: 30 Sep 2018 at 20:38hrs | 2 | by Staff reporter
Over $29m mobilised for Zimbabwe cholera
Government has so far mobilised $29 million out of $64,1 million required to fight cholera, amid indications that the outbreak has been contained with the number of patients visiting health institutio...Published: 20 Sep 2018 at 06:29hrs | 1 | by Staff reporter
Esau Mupfumi's house attached
Mutare businessman and transporter Mr Esau Mupfumi is set to lose one of his properties to Allied Timbers over an outstanding debt for building material that he bought from the company in 2013. ...Published: 06 Aug 2018 at 07:11hrs | | by Staff reporter
Companies dismiss externalisation claims
SOME companies making the top 10 list of firms and individuals accused by President Emmerson Mnangagwa of externalising US$1,3 billion have dismissed the allegations, while others say government publi...Published: 24 Mar 2018 at 19:44hrs | 1 | by Staff reporter
Externalisation: Mnangagwa gropes in the dark
GOVERNMENT will find it difficult to prosecute corporates and individuals it accuses of illegal externalisation of money as questions arise over the legal framework and the prosecutability of the offe...Published: 23 Mar 2018 at 12:25hrs | 3 | by Staff reporter
Thumbs up for recovering $600 million, Mr President
As the country moves on from political turmoil, so is the economy, and the recovery of externalized funds (USD $591, 1) million is a good starting point.President Emmerson Mnangagwa yesterday ...Published: 20 Mar 2018 at 14:13hrs | 2 | by Rufaro Gijima
Investment commitments to Zimbabwe surpass $3bn, claims spin doctor
INVESTMENT commitments notched by Government in the past 100 days have exceeded $3,1 billion and are firming up, a senior official has said.The Permanent Secretary in the Ministry of Informati...Published: 15 Mar 2018 at 05:57hrs | | by Staff reporter
Parastatals reduced to Zanu-PF soup kitchens
The acting general manager (GM) at the Minerals Marketing Corporation of Zimbabwe (MMCZ) revealed on Monday that the parastatal was pressured to dish out money to the ruling party, in what constitutes...Published: 14 Mar 2018 at 08:49hrs | | by Staff reporter
Chimanimani's illegal miners dilemma
Opinion is divided over gold mining in Allied Timbers' Tarka Forest.For two decades, illegal artisanal miners have maintained a stranglehold on the commercial forest - disrupting operations an...Published: 01 Mar 2018 at 14:47hrs | | by Staff reporter
Allied Timbers eyes $30 million loan deal
Allied Timbers Zimbabwe is close to sealing a vendor finance transaction with Belarus that will see the country's largest timber company receiving equipment worth $30 million. The deal, likely...Published: 29 Jan 2018 at 05:39hrs | | by Staff reporter
Takamuka petition Mugabe on bond notes
Protest movement #Tajamuka has drafted a petition to President Robert Mugabe over planned introduction of controversial bond notes.The group which has in recent months organised demonstrations...Published: 10 Oct 2016 at 09:31hrs | 1 | by Thobekile Zhou
Allied Timbers company crumble
A STRESS grading machine used in the value addition process of timber products which was at Allied Timbers' Nyakamete industrial site station in Mutare was removed to a destination that only heavens ...Published: 24 Mar 2016 at 12:35hrs | 1 | by Ray Bande
Peasant farmers spread fires in Eastern Highlands- ZPP
Zimbabwe Peace Project has reported that some peasant farmers in the Eastern Highlands were reportedly spreading fire in the privately owned properties thereby destroying a lot of timber and property ...Published: 26 Nov 2015 at 05:34hrs | | by Stephen Jakes
SCANDAL: Parastatals 'bullied' to bankroll Mujuru camp
IN a fresh scam involving a camp allegedly linked to embattled vice president Joice Mujuru is has been revealed that Zimbabwe Electricity Supply Authority (Zesa) controlled by Mujuru ally Dzikamai Ma...Published: 25 Nov 2014 at 08:27hrs | | by Staff Reporter
Zanu-PF led illegal settlements destroy 30 000 timber hectares
Over 30 000 hectares of timber plantations in Chimanimani have been destroyed by thousands of villagers who were illegally settled there by Zanu PF politicians during the election period. ...Published: 07 Apr 2014 at 07:24hrs | | by Staff reporter
Timber industry in limbo
The exotic timber industry was arguably one of the mainstream industries, not only in Manicaland province, but the whole country.The eastern highlands were known for the lush pine, gum and...Published: 08 Nov 2013 at 02:12hrs | 3 | by Andrew Mambondiyani
Kanyekanye quits RTG, Capital Bank
ALLIED Timbers group chief executive officer Joseph Kanyekanye yesterday resigned as chairperson of both Capital Bank and Rainbow Tourism Group (RTG) following a resolution by the National Social Sec...Published: 10 Jul 2013 at 08:22hrs | 3 | by Business reporter
Renaissance Merchant Bank reopens
RENAISSANCE Merchant Bank has reopened for business after new shareholders National Social Security Authority appointed a new board following the expiry of the bank's curatorship period.RMB r...Published: 08 Mar 2012 at 21:51hrs | | by Staff reporter
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