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Ousted NSSA boss tags Mnangagwa in letter blasting ministerial move
Emmanuel Fundira, the recently dismissed chairperson of the National Social Security Authority (Nssa), has mounted a bold legal challenge against his abrupt termination, casting a spotlight on governa...Published: 04 Jul 2025 at 12:29hrs | 458 | by Staff reporter
Bulawayo Town Clerk appointed NSSA board chair
The City of Bulawayo's Town Clerk, Mr. Christopher Dube, has been appointed as the new chairperson of the National Social Security Authority (NSSA), following the government's dissolution of the previ...Published: 26 Jun 2025 at 11:20hrs | 684 | by Staff reporter
Treasury launches last-ditch push to stabilise Zimbabwe economy
Zimbabwe's Treasury has embarked on a last-ditch effort to stabilise the country's fragile economy, amid growing fears that policy inconsistency, inflation, and currency volatility could derail indust...Published: 22 May 2025 at 11:33hrs | 619 | by Staff reporter
Zimbabwe to get first dollar-listed REIT as property heats up
Zimbabwe is set to get its first dollar-denominated real estate investment trust listing on Friday, as demand for property stocks grows.Eagle REIT is seeking to raise $62 million from the list...Published: 15 May 2025 at 09:58hrs | 776 | by Staff reporter
Zimbabwe's ZiG currency risks extinction stoked by policy choices
Zimbabwe's ZiG is heading toward failure, not through rapid devaluation, but through growing irrelevance, according to Imara Asset Management, the country's oldest independent brokerage.Unlike...Published: 16 Apr 2025 at 22:45hrs | 85 | by Staff reporter
Zimbabwe asset management landscape shifting
The asset management landscape in Zimbabwe is undergoing a significant transformation, with notable shifts in the allocation of funds under management (FUM), signaling a more cautious and strategic ap...Published: 15 Mar 2025 at 12:01hrs | 319 | by Staff reporter
Tagwirei linked wealth managers in OK shares buying spree
Akribos Wealth Managers, a prominent asset management firm with connections to local businessman Kuda Tagwirei, has made a major splash in the Zimbabwean stock market by purchasing a combined 16,338,2...Published: 03 Mar 2025 at 13:03hrs | 12389 | by Staff reporter
Zimbabwe's bullion-backed ZiG is missing out on gold's record run
Zimbabwe's bullion-backed currency is missing out on an impressive gold rally, because of a liquidity squeeze that's choking the economy and difficulties in exchanging the unit for dollars.Sin...Published: 14 Feb 2025 at 08:40hrs | 432 | by Staff reporter
Bard Santner growing in leaps and bounds
Fast-growing asset management firm Bard Santner Investors (Private) Limited has been appointed as the new fund manager for three unit trusts: Tetrad Gold Fund, Gross Income Fund, and Net Income Fund, ...Published: 06 Feb 2025 at 14:39hrs | 147 | by Staff reporter
HCCL Management Urged to Respect Workers' Rights
Hwange Colliery Company Limited (HCCL) Chief Executive Officer William Gambiza has been urged to prioritize workers' rights as he takes on his role as the company's permanent CEO, a position he offici...Published: 11 Dec 2024 at 19:51hrs | 693 | by Stephen Jakes
Zimbabwe banking sector strengthens amid declining non-performing loans
The Reserve Bank of Zimbabwe (RBZ) has reported a significant improvement in the country's banking sector credit risk landscape, marked by a decrease in the ratio of non-performing loans (NPLs) to tot...Published: 24 Nov 2024 at 09:55hrs | 105 | by Staff reporter
Council in US$2,1m billing system storm
The Harare City Council recently bypassed a locally-developed enterprise resource planning (ERP) system, opting instead to pay US$2.1 million to a foreign vendor, prompting public criticism. The rejec...Published: 11 Nov 2024 at 07:02hrs | 154 | by Staff reporter
Zimbabwe is undermining the ZiG by overspending
Zimbabwe's new gold-backed currency is likely being undermined by the state tapping the central bank for funding and selling Treasury bills to pay for its overspending, Imara Asset Management said....Published: 18 Oct 2024 at 08:54hrs | 1268 | by Staff reporter
TX Money Transfer vow to end 'hidden costs' in remittance market
Bard Santner, a prominent financial services firm specializing in asset management, corporate finance, and wealth management, has launched TX Money Transfer, a new remittance platform aimed at revolut...Published: 11 Jul 2024 at 07:30hrs | 14 | by Staff reporter
CBZ launches mortgage finance products for Zimbabwean diasporans
CBZ Holdings Limited (CBZHL), Zimbabwe's largest financial services provider, has launched new Mortgage Finance products aimed at Zimbabweans in the diaspora ahead of the Zim Diaspora Property Showcas...Published: 14 Jun 2024 at 07:29hrs | 123 | 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 | 2 | by Bekithemba Mpofu
Zinara shells ZiG93,9 million to road authorities
The Zimbabwe National Road Administration (Zinara) has disbursed ZiG 93.9 million to road authorities for critical road infrastructure maintenance and development projects across the country.A...Published: 20 May 2024 at 07:45hrs | 18 | 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 niece's legacy woes haunt ZBC
THE Zimbabwe Broadcasting Corporation (ZBC) is grappling with serious management challenges linked to Helliate Rushwaya - the newly appointed board chair - during her tenure as the acting chief execut...Published: 10 Mar 2024 at 06:51hrs | 25 | by Staff reporter
Bard Santner sets up New York office
HARARE - Local financial services firm Bard Santner Inc has set up an office in New York, United States, in a move to attract capital investment and transaction opportunities offshore.The comp...Published: 15 Feb 2024 at 18:42hrs | 28 | by Staff Reporter
CBZ opens Johannesburg office
CBZ Bank Limited, a wholly-owned subsidiary of the diversified and listed financial services group CBZ Holdings (CBZH), has opened a new office in Sandton, Johannesburg, South Africa.CBZH prov...Published: 12 Feb 2024 at 13:53hrs | 24 | by Staff reporter
Mnangagwa consolidates grip over investment fund
President Emmerson Mnangagwa has retained control of the Mutapa Investment Fund (MIF), raising concerns about potential widespread corruption resulting from housing 20 state-owned enterprises (SOEs) u...Published: 03 Nov 2023 at 14:54hrs | 14 | by Staff reporter
51 Zimbabwe parastatals fail to submit financials
A total of fifty-one state-owned enterprises have failed to submit their financial statements for auditing to the Auditor-General, as required by law.The Acting Auditor-General, Mrs. Rhea Kuji...Published: 02 Nov 2023 at 05:40hrs | 16 | by Staff reporter
SOEs, parastatals bleed Treasury
State-owned enterprises (SOEs) and parastatals have suffered significant financial losses, totaling millions of US dollars, due to procurement scams where suppliers received prepayments but failed to ...Published: 26 Oct 2023 at 06:42hrs | 2 | by Staff reporter
Econet, EcoCash announce rights offer
LISTED telecoms firm Econet Wireless Zimbabwe Limited (EWZL) and its subsidiary EcoCash Holdings yesterday announced a renounceable rights issue to raise US$30,3 million for the redemption of existing...Published: 25 Jul 2023 at 08:23hrs | 5 | by Staff reporter
'If Zimdollar is abandoned markets and financial institutions will recover'
As the Zimbabwean dollar continues to battle for its survival under severe pressure from the United States dollar despite its recent recovery rally, John Legat, Imara Asset Management (Zimbabw...Published: 21 Jul 2023 at 07:56hrs | 1 | by Staff reporter
Edd Branson Group Drives African Trade Financing with Swiss Asset Firm Acquisition
Afri-USA Business Initiative, led by Dr. Edd Branson, has made a noteworthy move in the world of trade financing in Africa. The influential president of the organization recently completed the acquisi...Published: 07 Jul 2023 at 14:27hrs | 32 | by Mandla Ndlovu
'Zimdollar will never die'
ZIMNAT Asset Management says the Zimbabwe dollar, which has lost 99% of its value since it was reintroduced in 2019, will not collapse, but rather get relegated to low value transactions.At th...Published: 21 Jun 2023 at 06:24hrs | 4 | by Staff reporter
China takes next step in currency globalisation
China's gradual internationalisation of its currency will shift to its next leg on Monday when about two dozen Chinese companies start trading in their home currency in Hong Kong's stock market....Published: 19 Jun 2023 at 06:38hrs | 1 | by Staff reporter
Zimbabwe parly miffed by high parastatals debt
THE Parliamentary Portfolio Committee on Budget, Finance and Economic Development is conducting public hearings to determine the level of debt held by State-owned firms, with early signs suggesting th...Published: 19 May 2023 at 20:44hrs | 3 | by Staff reporter
Zimbabwe on charm offensive UK investment drive
Zimbabwe's Finance Minister Mthuli Ncube is on a charm offensive in the United Kingdom as his country wades out of international isolation to attract investors and kickstart the ailing economy....Published: 23 Apr 2023 at 08:01hrs | 6 | by Staff reporter
Zimbabwe manufacturing sector on rebound
The Reserve Bank of Zimbabwe (RBZ) says the country's manufacturing sector is on a massive expansion push after consuming roughly 70% of all foreign currency injected into the economy last year....Published: 02 Apr 2023 at 11:02hrs | 3 | by Staff reporter
Zimbabwe gold smugglers use South African banks, bribes to launder money
Several key officials at three major South African banks are helping a gold smuggling gang launder millions of dollars of dirty cash in exchange for regular bribes, an Al Jazeera investigation has fou...Published: 01 Apr 2023 at 17:56hrs | 1 | by Staff reporter
Who are Zimbabwe's Gold Mafia?
They operate from the shadows. Al Jazeera's latest investigation, The Gold Mafia, brings their crimes out into the open. Last week, Part 1 of ‘Who are the Gold Mafia?‘ dove into the lives of some ...Published: 31 Mar 2023 at 07:40hrs | 5 | by Staff reporter
Mnangagwa's minister forced to reverse his corrupt mansion deal
PUBLIC Service minister Paul Mavima could be forced by President Emmerson Mnangagwa or top officials to reverse his corrupt US$400 000 upmarket house purchase deal in Quinnington, Borrowdale, Harare, ...Published: 05 Mar 2023 at 15:20hrs | 8 | by Staff reporter
Parly shielding govt from legislative scrutiny, says Chamisa's MP
HATCLIFFE legislator Allan Markham says Parliament is protecting cabinet and the President from answering crucial questions, after Treasury for the fourth time failed to answer questions on the shareh...Published: 05 Mar 2023 at 13:58hrs | 2 | by Staff reporter
Mnangagwa ally caught up in a US$400 000 corrupt upmarket house deal
PUBLIC Service, Labour and Social Welfare minister Paul Mavima is caught up in a US$400 000 corrupt upmarket house deal in Quinnington, Borrowdale, Harare, involving the National Social Security Autho...Published: 26 Feb 2023 at 10:41hrs | 49 | by Staff reporter
Chihuri properties seizure - PG wants graft law amended
PROSECUTOR-GENERAL Nelson Mutsonziwa has called for the amendment of corruption laws to plug loopholes being used by "criminals" to keep hold of ill-gotten property as the state pushes for the seizure...Published: 06 Dec 2022 at 18:50hrs | 1 | by Staff reporter
Sigh of relief for Chihuri
THE Supreme Court has struck off the roll an appeal by the National Prosecuting Authority (NPA) seeking an order for forfeiture of former police boss Augustine Chihuri's properties.The State i...Published: 09 Nov 2022 at 05:12hrs | | by Staff reporter
CSC Boustead Beef Zimbabwe strikes gold in US
MEAT processor, CSC Boustead Beef Zimbabwe has struck a partnership agreement with United States-based Ethos asset management Inc in an arrangement that will see the American firm providing capital in...Published: 04 Nov 2022 at 05:36hrs | 2 | by Staff reporter
Top govt official in trouble over ‘questionable' wealth
THE Ministry of Finance and Economic Development has suspended senior official Marcos Nyaruwanga to pave way for investigations to ascertain his source of wealth as a public official, the Zimbabwe Ind...Published: 24 Oct 2022 at 18:33hrs | | by Staff reporter
Mthuli Ncube transforms from technocrat to political player
IF ever there was any doubt, Finance minister Mthuli Ncube has fully abandoned his posture as a neutral technocrat after being elected a Zanu-PF central committee member last weekend.The centr...Published: 23 Oct 2022 at 18:55hrs | | by Staff reporter
Shareholders fight directors over Tetrad Bank control and assets
TETRAD Investment Bank (TIB) shareholders are locked in a heated row with its directors for the control of the defunct financial institution's US$13 million assets. TIB has properties and othe...Published: 12 Oct 2022 at 18:49hrs | 6 | by Agencies
Mnangagwa appoints ZIDA executive team
PRESIDENT Emmerson Mnangagwa has appointed a new Zimbabwe Investment Development Agency (ZIDA) top management executive team charged with the responsibility to attract meaningful investments into the ...Published: 07 Oct 2022 at 06:02hrs | 5 | by Staff reporter
Zimdollar notes are disappearing on the streets
October temperatures start to climb early in Harare, but by noon beverages vendor Davis Kugara is already counting his losses for the day.One after the other, many of his potential customers a...Published: 04 Oct 2022 at 22:15hrs | 2 | by Staff reporter
100 hectares for Figtree smart city
Bulilima Rural District Council has offered a 100-hectare farm for the development of Figtree into a smart city whose transformation will be anchored on digitisation and adoption of green energy....Published: 30 Sep 2022 at 06:07hrs | 4 | by Staff reporter
Mosi-oa-Tunya gold coins selling like hotcakes
THE Mosi-oa-Tunya gold coins have generated $9 billion from the sale of 9 516 coins with 35 percent having been sold to individuals and 65 percent to corporates, the Reserve Bank of Zimbabwe has said....Published: 27 Sep 2022 at 19:27hrs | 1 | by Staff reporter
Investors talk up Zimbabwe gold coins
Mosi-oa-Tunya gold coins, which were released into the market by the Reserve Bank of Zimbabwe (RBZ) on July 25, are an alternative investment option to US dollars, stocks and the property market, and ...Published: 07 Aug 2022 at 08:17hrs | | by Staff reporter
Huge appetite for Zimbabwe gold coins
ZIMBABWE'S central bank has registered an overwhelming uptake of the Mosi-oa-Tunya gold coin after local financial institutions, pension funds, insurance companies and individuals bought the bulk of t...Published: 31 Jul 2022 at 17:51hrs | 2 | by Staff reporter
RBZ says lacking expertise on recovered funds
THE Reserve Bank of Zimbabwe (RBZ) said it lacked knowledge to manage over $1,5 million forfeited funds and assets, a situation that has resulted in such properties being stuck at its asset management...Published: 29 Jul 2022 at 06:53hrs | | by Staff reporter
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