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Rwodzi deploys tourism reception lieutenants to improve Zim hospitality
In her quest to continuously brand Zimbabwe as the premier tourism destination, Tourism and Hospitality Industry Minister, Barbara Rwodzi has deployed her deputy (Tongai Mnangagwa) and other executive...Published: 19 Dec 2024 at 17:05hrs | 1053 | by Gideon Madzikatidze/Simbarashe Sithole
NRZ to auction scrap wagons and passenger coaches across Zimbabwe
The National Railways of Zimbabwe (NRZ) has announced plans to dispose of 422 scrap wagons and several decades-old passenger coaches, located in Bulawayo, Harare, and other sites across the country. T...Published: 17 Dec 2024 at 06:33hrs | 1290 | by Staff reporter
CCC MP faces legal setback in challenge against wealth tax
Marondera Central opposition legislator Mr. Caston Matewu has suffered a legal defeat in his attempt to challenge the Government's wealth tax, which was introduced in the 2024 National Budget and has ...Published: 17 Dec 2024 at 06:30hrs | 337 | by Staff reporter
Mnangagwa in Bulawayo for church auditorium commissioning
President Emmerson Mnangagwa is scheduled to visit Bulawayo today for a two-day working programme, during which he will commission a state-of-the-art 10,500-seat church auditorium and preside over the...Published: 15 Dec 2024 at 09:12hrs | 574 | by Staff reporter
Zinwa financial rot exposed
An external audit conducted by Grant Thornton has raised serious concerns about the financial management at the Zimbabwe National Water Authority (Zinwa), revealing significant irregularities in its r...Published: 14 Dec 2024 at 12:35hrs | 2139 | by Staff reporter
Victoria Falls auctioneer convicted of fraud over Zimra vehicles
A Victoria Falls auctioneer, his company, and their accountant have been convicted of fraud after illegally selling vehicles belonging to the Zimbabwe Revenue Authority (Zimra). Jeffrey Mubaiwa, the d...Published: 14 Dec 2024 at 10:31hrs | 162 | by Staff reporter
RBZ deputy governor says Zimbabwe banking sector is resilient, stable
Reserve Bank of Zimbabwe (RBZ) Deputy Governor, Innocent Matshe, has highlighted the continued resilience and stability of the country's banking sector, despite facing challenges such as liquidity iss...Published: 13 Dec 2024 at 09:36hrs | 81 | by Staff reporter
Botswana to document Zimbabwean nationals
Botswana will soon regularize the stay of undocumented Zimbabweans living within its borders, with President Duma Boko highlighting the skilled human resources from Zimbabwe as an asset that the count...Published: 12 Dec 2024 at 06:44hrs | 1099 | 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 | 570 | by Stephen Jakes
Zanu-PF's Matutu in suspected US$150,000 fraud
Former Zanu-PF youth leader Lewis Matutu appeared before Harare Magistrate Isheanesu Matova on Tuesday, accused of stealing shares from a local mining company, Shusib Investments. Matutu was remanded ...Published: 11 Dec 2024 at 14:10hrs | 1765 | by Staff reporter
Zimbabwe wants 26% free-carry stake in new mining projects
Zimbabwe is planning to hold 26% of new mining projects on a free-carry basis, and will also negotiate with existing operators to acquire a similar stake."We need to move to a level where we r...Published: 11 Dec 2024 at 13:31hrs | 197 | by Staff reporter
NatFoods bemoans limited ZWG acceptability
Zimbabwe's listed food manufacturer, National Foods (NatFoods), has expressed concern over the limited acceptability of the Zimbabwe Gold (ZWG) as a medium for sourcing raw materials, highlighting the...Published: 10 Dec 2024 at 07:09hrs | 719 | by Staff reporter
US, UK sanction Gold Mafia linked dealer
The United States and Britain imposed sanctions on several individuals and businesses linked to global gold smuggling and money laundering networks, with Zimbabwean businessman Kamlesh Pattni at the c...Published: 10 Dec 2024 at 07:08hrs | 936 | by Staff reporter
CBZ blocked from increasing FMHL stake
CBZ Holdings has confirmed that it will not proceed with its planned buyout of minority shareholders in First Mutual Holdings Limited (FMHL), following a decision by the Competition and Tariff Commiss...Published: 10 Dec 2024 at 06:52hrs | 209 | by Staff reporter
4 banks quit in South Africa in 2024
BNP Paribas, HSBC, Sasfin Bank, and Bidvest Bank have all announced massive changes to their South African operations in 2024.French-based BNP Paribas was the first bank of the four to announc...Published: 09 Dec 2024 at 15:19hrs | 777 | by Staff reporter
Woman loses bid to block sale of trust property
A Harare woman, Ms. Tariro Lebogang Mutenda, has lost her legal battle to prevent businessman Mr. Upenyu Mashangwa from selling a Borrowdale Brooke property to settle a debt of over US$1.6 million....Published: 06 Dec 2024 at 06:26hrs | 459 | by Staff reporter
'John Moxon tried to sell Victoria Falls Hotel stake without board approval'
Tensions at Meikles Limited have reached a boiling point, as a group of four directors has accused the company's non-executive chairman, John Moxon, of attempting to sell the group's 50% stake in the ...Published: 04 Dec 2024 at 09:21hrs | 1726 | by Staff reporter
Ecobank reopens Parkade branch after $4 million heist
Ecobank Zimbabwe has reopened its Parkade branch in Bulawayo's Central Business District (CBD) after a two-month closure following a shocking armed robbery. The October 3 heist, described as Zimbabwe'...Published: 04 Dec 2024 at 06:40hrs | 156 | by Staff reporter
Are Zimbabwean immigrants a liability or asset to South Africa
Last Friday, Leon Schreiber, South Africa's Minister of Home Affairs, announced the extension of the Zimbabwe Exemption Permits (ZEP) until 28 November 2025, regardless of whether individuals have app...Published: 03 Dec 2024 at 10:06hrs | 684 | by Staff reporter
ZANU-PF corruption and mismanagement have turned Air Zimbabwe into an international embarrassment
This once-proud national airline, which began its journey in 1980 with a modern fleet inherited from Air Rhodesia, is now a global laughingstock, a shadow of its former self. At independence, ...Published: 02 Dec 2024 at 23:21hrs | 1299 | by Tendai Ruben Mbofana
Zimbabwe forex receipts jumps 17.9% to $10 billion in 2024
Zimbabwe recorded a remarkable 17.9% increase in foreign currency receipts in the first nine months of 2024, reaching US$10 billion compared to US$8.5 billion during the same period in 2023. This grow...Published: 02 Dec 2024 at 07:17hrs | 89 | by Staff reporter
SA-based Diaspora Kapita to issue US$10m bond in Zimbabwe
South Africa-based investment holding firm Diaspora Kapita (DK) is set to make waves in the Zimbabwean financial landscape as it prepares to list on the Victoria Falls Stock Exchange (VFEX) and raise ...Published: 02 Dec 2024 at 07:16hrs | 192 | by Staff reporter
Zimbabwe govt to approve land transfers under new tenure system
The Zimbabwean Government is in the process of crafting a new land tenure system aimed at enhancing the bankability and ownership rights of agricultural land, while ensuring local control over this vi...Published: 01 Dec 2024 at 12:17hrs | 629 | by Staff reporter
NetOne duped US$133,000 by auction dealer
Jeffery Mubaiwa, the director of JEFFM Auctions, appeared before Harare magistrate Apollonia Marutya on Thursday, facing charges of fraud after allegedly defrauding mobile network operator NetOne Priv...Published: 30 Nov 2024 at 13:03hrs | 72 | by Staff reporter
Air Zimbabwe to expand routes and boost fleet in 2025
Air Zimbabwe has announced plans to expand and relaunch its domestic and international routes in 2025, signaling a renewed commitment to growth as the airline anticipates the acquisition of additional...Published: 30 Nov 2024 at 12:50hrs | 424 | by Staff reporter
ZiG monthly inflation seen staying below 3%
Zimbabwe's gold-backed currency (ZiG) is expected to maintain stable inflation levels, with average month-on-month inflation forecast to remain below 3% in 2025. This projection is underpinned by stri...Published: 29 Nov 2024 at 06:53hrs | 78 | by Staff reporter
Joseph Dube dies in horror crash
Matabeleland South Rural Infrastructure Development Authority (RIDA) acting provincial coordinator, Mr. Joseph Dube, tragically lost his life in a car accident along the Bulawayo-Beitbridge Highway on...Published: 27 Nov 2024 at 12:41hrs | 3163 | by Staff reporter
John Moxon calls meeting to sack his Meikles board
John Moxon was in a hospital bed when Meikles directors met to sell off a key asset and fire the CEO - and he claims someone lied that his phone had been "compromised" to keep him in the dark about it...Published: 27 Nov 2024 at 08:47hrs | 2775 | by Staff reporter
John Moxon questions appointment of son as CEO
Meikles Limited's board chairperson and major shareholder, John Moxon, has accused his fellow directors of bypassing proper governance procedures in the appointment of his son, Matthew Moxon, as the c...Published: 27 Nov 2024 at 07:11hrs | 1312 | by Staff reporter
Chinese cement plant commissioning set for January in Zimbabwe
Huaxin Zimbabwe (Pvt) Limited, a subsidiary of Chinese multinational Huaxin Cement Co. Ltd, is on track to commence cement production at its state-of-the-art plant in Mount Hampden by the end of 2024....Published: 27 Nov 2024 at 06:41hrs | 208 | by Staff reporter
Court blocks estranged wife's claim to hubby's estate
A United Kingdom-based woman, Joyce Charlie, has lost her bid to be recognized as the surviving spouse of her late husband, Martin Charlie, after a lengthy legal battle in the High Court. Joyce, who h...Published: 26 Nov 2024 at 08:15hrs | 353 | by Staff reporter
Vendors oppose city's planned levy
The Harare City Council's proposed 2025 budget has sparked resistance from vendors over the inclusion of new levies for street lighting and emergency services. These charges are aimed at addressing th...Published: 26 Nov 2024 at 08:05hrs | 95 | by Staff reporter
Mnangagwa ready to curb corruption, terrorism
President Emmerson Mnangagwa has announced that his government has strengthened the fight against corruption through enactment of various bills.Speaking during the high-level structured dialog...Published: 25 Nov 2024 at 12:11hrs | 1824 | by Gideon Madzikatidze/ Simbarashe Sithole
Private sector efficiency: South Africa's Murray & Roberts enters business rescue
Murray & Roberts (M&R) Limited has entered business rescue due to a severe cash crunch in its South African operations. The company, whose shares have fallen 64% recently, is also look...Published: 24 Nov 2024 at 15:40hrs | 2031 | by Staff reporter
Chinese debt threatens to switch off Zimbabwe's Hwange
Zimbabwe's industrial sector is on edge this week as concerns grow over the future of the Hwange Thermal Power Station, a critical asset for the country's beleaguered power grid. With power utility Ze...Published: 24 Nov 2024 at 10:14hrs | 11678 | by Staff reporter
ZiG spawns upheavals in insurance industry
Insurers have been scrambling to reassure policyholders as market jitters resurface in the wake of the introduction of Zimbabwe Gold (ZiG) in April. With memories of the devastating currency shifts in...Published: 24 Nov 2024 at 10:13hrs | 253 | by Staff reporter
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 | 76 | by Staff reporter
Construction thrives in Zimbabwe
Zimbabwe's construction sector is on the rebound despite the effects of currency volatility and an uncertain monetary policy framework.Piniel Mkushi, chairman of Cafca - the only cable manufac...Published: 22 Nov 2024 at 17:18hrs | 3179 | by Staff reporter
Villagers in Insiza appeal for funds to save dried-up dam
Villagers in Singwambizi, Insiza District, under Chief Mafu, are seeking financial assistance to desilt their community dam, which has dried up for the first time since its construction in 1960....Published: 21 Nov 2024 at 13:01hrs | 508 | by Staff reporter
Former radio 2 DJ appeals for help
Former Zimbabwe Broadcasting Corporation (ZBC) Radio 2 presenter Simon Pashoma Ncube has made a public appeal for financial assistance to prominent businessman and tenderpreneur Wicknell Chivayo. The ...Published: 19 Nov 2024 at 13:41hrs | 769 | by Staff reporter
NMBZ turns to Rabobank for agric financing
NMBZ Holdings Limited, a leading financial services group, has announced a strategic partnership with Rabobank, a Dutch multinational specializing in banking and financial services, to implement an en...Published: 19 Nov 2024 at 08:49hrs | 219 | by Staff reporter
Mutumbuka's landmark case exposes the deep roots of property fraud in Zimbabwe
The problem of title deed fraud is not new to Zimbabwe, but recent cases have brought this pervasive issue into sharp focus. One of the most troubling and high-profile incidents has been the c...Published: 18 Nov 2024 at 19:44hrs | 4429 | by Tendai Ruben Mbofana
Mnangagwa commissions US$18,5m Bulawayo students' complex
President Emmerson Mnangagwa yesterday officially commissioned the state-of-the-art Bulawayo Students Accommodation City Complex, a landmark project in Matsheumhlope suburb valued at US$18.5 million. ...Published: 16 Nov 2024 at 14:22hrs | 332 | by Staff reporter
There're now two Zimbabwes: One for a small elite and the other for millions of poor Zimbabweans
Over the past few years, Zimbabwe has reportedly experienced steady economic growth. According to government statistics, GDP growth rates have shown positive movement, suggesting that the coun...Published: 13 Nov 2024 at 22:05hrs | 583 | by Tendai Ruben Mbofana
Gold glitters as Caledonia's profit after tax jumps 872%
Caledonia Mining Corporation Plc, listed on the Victoria Falls Stock Exchange, has reported a remarkable 872% rise in profit after tax to US$16.45 million for the nine months ending September 30, 2024...Published: 12 Nov 2024 at 10:57hrs | 133 | 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 | 151 | by Staff reporter
Gappah's properties worth $18k attached over Mahere defamation
Renowned author Petina Gappah has had her property seized by bailiffs after losing a defamation lawsuit filed by lawyer Fadzayi Mahere. Gappah was ordered to pay US$18,000 in damages after a series of...Published: 09 Nov 2024 at 17:18hrs | 507 | by Staff reporter
Mnangagwa extends Harare probe team's tenure
President Emmerson Mnangagwa has extended the tenure of the Commission of Inquiry investigating the governance of Harare City Council (HCC) by three months, allowing it more time to complete its probe...Published: 09 Nov 2024 at 17:07hrs | 65 | by Staff reporter
Mnangagwa lauds land reform programme beneficiaries
President Emmerson Mnangagwa has commended Zimbabwean farmers who benefitted from the country's controversial land reform programme, highlighting their success in transforming farming into business ve...Published: 08 Nov 2024 at 07:07hrs | 171 | by Staff reporter
Victoria Falls to get two new upmarket hotels
Zimbabwe's premier tourist destination, Victoria Falls, is set to see the construction of two luxury hotels, valued at a combined US$114.3 million, which will significantly boost the city's hospitalit...Published: 08 Nov 2024 at 06:49hrs | 227 | by Staff reporter
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