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Gold Mafia exposes Mnangagwa's US$240m election war chest
SELF-STYLED prophet and President Emmerson Mnangagwa's ambassador-at-large Uebert Madzanire, aka Uebert Angel, has claimed that Mnangagwa will spend US$240 million for his re-election bid.Appe...Published: 26 Feb 2024 at 04:55hrs | | by Staff reporter
Mnangagwa must not exempt state entities from scrutiny
GOVERNANCE watchdogs has demanded that President Emmerson Mnangagwa discard his gazetted General Notice 164B of 2024 which exempts 21 key state entities from complying with the Public Procurement and ...Published: 21 Feb 2024 at 20:03hrs | 54 | by Staff reporter
Mnangagwa exempts 21 entities from scrutiny
President Emmerson Mnangagwa has exempted 21 public entities from scrutiny in procurement and disposal of assets.The Reserve Bank of Zimbabwe, AFC Commercial Bank, Infrastructure Develop...Published: 09 Feb 2024 at 06:58hrs | | by Staff reporter
Zida approved 4 PPPs in Q2
THE Zimbabwe Investment and Development Agency (Zida) approved four public-private partnerships (PPPs) in the second quarter of this year, with a combined value of more than US$186 million.The...Published: 17 Jul 2023 at 06:58hrs | 8 | by Staff reporter
Consider paying Zimbabwe civil servants in gold coins'
Government has been urged to explore the feasibility of paying a portion of civil servants' salaries in gold-backed digital tokens and gold coins.The tokens have proven to be effective in mopp...Published: 12 Jul 2023 at 08:15hrs | | by Staff reporter
Gold Mafia: RBZ under sharp scrutiny
THE Reserve Bank of Zimbabwe (RBZ) has come under renewed pressure to deal with allegations of gold smuggling and money laundering after a leading think-tank said the central bank's operations should ...Published: 20 Apr 2023 at 07:31hrs | | by Staff reporter
Rushwaya spared govt gold crackdown
WHILE the Zimbabwean government says it has taken measures to freeze accounts of the gold mafia and investigate the gold smuggling, money laundering and corruption, one of the kingpins, Henrietta Rush...Published: 08 Apr 2023 at 14:20hrs | 1 | by Staff reporter
Gold Mafia exposes Mnangagwa's US$240m election war chest
SELF-STYLED prophet and President Emmerson Mnangagwa's ambassador-at-large Uebert Madzanire, aka Uebert Angel, has claimed that Mnangagwa will spend US$240 million for his re-election bid.Appe...Published: 07 Apr 2023 at 09:15hrs | | by Staff reporter
Uebert Angel, Rudland accounts frozen
INDIVIDUALS implicated in the gold Mafia scandal including prophet Uebert Angel have had their assets frozen by the Reserve Bank of Zimbabwe's Financial Intelligence Unit with arrests imminent....Published: 07 Apr 2023 at 09:10hrs | | by Staff reporter
Zimbabwe 'Gold Mafia' suspects' assets frozen
THE Reserve Bank of Zimbabwe Financial Intelligence Unit (FIU) has frozen the assets of four officials who are implicated in gold smuggling, money laundering, bribery and other corrupt activities whos...Published: 06 Apr 2023 at 06:41hrs | 1 | by Staff reporter
RBZ in gems mop up deal
THE government has structured a deal that will see the Reserve Bank of Zimbabwe (RBZ) buying excess diamonds as it moves to shut out unscrupulous dealers that have been dribbling authorities....Published: 02 Dec 2022 at 19:30hrs | | by Staff rteporter
Smaller gold coins trading begins
THE Reserve Bank of Zimbabwe (RBZ) yesterday opened doors for members of the public to walk into any local bank and registered agencies to purchase smaller units of Mosi-oa-Tunya gold coins as an alte...Published: 16 Nov 2022 at 05:13hrs | | by Staff reporter
Zimbabwe starts disbursement of 4 500 small gold coins
THE Reserve Bank of Zimbabwe (RBZ) will tomorrow start disbursing 4 500 smaller units of Zimbabwe's Mosi-oa-Tunya gold coins to banks ahead of planned release of the bullion coins in the market on Tue...Published: 10 Nov 2022 at 04:54hrs | 2 | by Staff reporter
Zimbabwe confident of producing 6m carats next year
Zimbabwe is confident it will produce six million carats and generate US$1 billion from the diamond industry next year in line with set targets, Mines and Mining Development Minister Winston Chitando ...Published: 23 Oct 2022 at 09:07hrs | 2 | by Staff reporter
85% of gold coins sold in Zimdollars
THE Reserve Bank of Zimbabwe (RBZ) has revealed that 1 500 gold coins were sold by its agents during the first week of their release onto the market, signalling a strong demand for the yellow metal cu...Published: 02 Aug 2022 at 06:53hrs | 6 | by Staff reporter
Zimbabwe to release another batch of gold coins
The Reserve Bank of Zimbabwe (RBZ) today said it will release an additional 2 000 gold coins this week, after the initial batch was highly subscribed.The Mosi-Oa-Tunya coins, which came into t...Published: 02 Aug 2022 at 06:44hrs | 14 | by Staff reporter
RBZ releases only 2 000 gold coins
THE Reserve Bank of Zimbabwe (RBZ) yesterday released 2 000 Mosi-oa-Tunya gold coins worth US$3,6 million onto the market and indicated that it would introduce smaller denominations to cater for the l...Published: 26 Jul 2022 at 06:40hrs | 7 | by Staff reporter
Zimbabwe gold coins start circulating
THE Reserve Bank of Zimbabwe (RBZ) yesterday released the first batch of 2 000 Mosi-oa-Tunya gold coins into the market to provide a store of value alternative to the US dollar in a development expect...Published: 26 Jul 2022 at 06:36hrs | | by Staff reporter
Zimbabwe gold coin out today
The Reserve Bank of Zimbabwe (RBZ) will release the Mosi-oa-Tunya gold coins onto the market today and they will be sold in local currency, US$ and other foreign currencies.Their price is base...Published: 25 Jul 2022 at 06:27hrs | | by Staff reporter
More light must be shed on gold coins to instil confidence
Consumer and investor confidence will likely be a game changer as the nation waits patiently for gold coins, which will be available beginning July 25 this year.The coins will be available thr...Published: 21 Jul 2022 at 06:40hrs | | by Staff reporter
Zimbabwe gold coins to be held for at least 180 days
Individuals and institutional buyers of Reserve Bank of Zimbabwe (RBZ's) gold coins will be required to hold them for at least 180 days before selling while exporters earning less than a million US do...Published: 20 Jul 2022 at 06:34hrs | 12 | by Staff reporter
RBZ dismisses gold coin rumours
The Reserve Bank of Zimbabwe on Thursday dismissed as "fake news", social media content alleging that gold coins were already available ahead of their official release date.The central bank an...Published: 07 Jul 2022 at 20:13hrs | 2 | by Staff reporter
Cost of Zimbabwe gold coins to be based on international prices
THE Reserve Bank of Zimbabwe (RBZ) is set to commence the trading of gold coins this month in a bid to introduce an alternative store of value in the market amid optimism that the coins will impact th...Published: 05 Jul 2022 at 21:06hrs | | by Staff reporter
Gold coins to be sold in Zimdollars
THE Reserve Bank of Zimbabwe (RBZ) says its planned gold coins, to be introduced as an alternative investment option and inflation hedge on July 25, will be traded in both Zimbabwe dollars and foreign...Published: 05 Jul 2022 at 07:03hrs | | by Staff reporter
Big brands troop into Victoria Falls facility
A STRING of the country's big brands, including fast food outlets, has stampeded into Zimre Property Investments' Sawanga Mall in Victoria Falls, helping the top end real estate gem notch 95% occupanc...Published: 28 Dec 2020 at 07:32hrs | 1 | by Staff reporter
RBZ to sell Fidelity Printers & Refinery
Reserve Bank of Zimbabwe has announced its intention to unbundle and dispose of part of its stake in Fidelity Printers and Refiners.According to a statement from RBZ governor John Mangudya, th...Published: 16 Dec 2020 at 15:09hrs | 1 | by Staff reporter
Mnangagwa strikes at RBZ as promised
HEADS have started rolling at the Reserve Bank of Zimbabwe (RBZ), with four top executives being suspended yesterday less than 24 hours after Finance ministry communications taskforce chairperson Will...Published: 23 Oct 2018 at 06:40hrs | | by Staff reporter
$5m gold, cash scandal suspects set free
THE $5 million gold and cash scandal, which rocked Zimbabwe about two weeks ago, is dead in the water amid indications that the five Indian suspects have been released along with their "loot"....Published: 23 Jul 2018 at 12:58hrs | 4 | by Staff reporter
Zimbabwe diamonds: A tale of unending controversy. . . Only US$2,2bn in 10 years
AS Government pulls the plug on private diamond miners operating at Chiadzwa diamond mining fields in Marange, Manicaland, damning statistics indicate that the rough diamonds only managed to earn the ...Published: 28 Feb 2016 at 17:27hrs | 2 | by staff reporter
Aurex Holdings ups value addition
Aurex Holdings a company which is owned by the RBZ has increased capacity utilization to 20 percent since it resumed operations early this year from 2 percent. This is line with the compan...Published: 06 Aug 2015 at 10:16hrs | | by Staff reporter
Two RBZ subsidiaries to resume operations
TWO Reserve Bank of Zimbabwe (RBZ) subsidiaries, Export Credit Guarantee Corporation's (ECGC) and Aurex Private Limited, will resume operations soon, central bank governor John Mangudya has said....Published: 13 Feb 2015 at 05:37hrs | | by Business Reporter
Controversial $450 million deal to rescue Zim govt row
An explosive row has erupted between the RBZ, Saudi Arabian mineral and jewellery dealer Sulaim Al Othaim and local tycoon David Butau over a controversial $450-million deal designed to rescue governm...Published: 05 Dec 2011 at 08:17hrs | | by Staff reporter
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