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Fired BancABC managers threaten to wash 'dirty linen' in public
A bitter and escalating dispute between dismissed BancABC managers and the bank's leadership is threatening to destabilize one of Zimbabwe's leading financial institutions. The conflict, which involve...Published: 10 Nov 2024 at 11:04hrs | 1461 | by Staff reporter
BancABC uses 'dirty tactics' to silence bosses?
BancABC is engulfed in controversy, facing accusations of fabricating charges against at least nine top managers as part of a strategy to evade paying retrenchment packages, NewZimbabwe.com has learne...Published: 04 Nov 2024 at 06:50hrs | 1337 | by Staff reporter
Zimbabwean robbers caught planning next hit
Five notorious bank robbers were arrested in Kamativi, Matabeleland North, following a failed robbery at a BancABC branch that allowed police to initiate a series of arrests. The suspects - De...Published: 31 Aug 2024 at 11:11hrs | 657 | by Staff reporter
Bosso rekindle love with Adidas
Bulawayo giants Highlanders and Harare fallen giants have rekindled their relationship with global sportswear supplier Adidas.The two teams last wore Adidas stripes in 2014 before experi...Published: 11 Apr 2024 at 18:36hrs | | by Staff reporter
Reserve Bank of Zimbabwe bails out 3 banks
THE Reserve Bank of Zimbabwe (RBZ) has used its lender of last resort (LoLR) facility to bail out three distressed banks which had run out of liquidity following the steep depreciation of the local cu...Published: 16 Aug 2023 at 06:49hrs | 9 | by Staff reporter
Bosso form gives Masomere sleepless nights
LUKE MASOMERE is having sleepless nights in the resort town of Kariba as he braces for his toughest task since returning to the Premiership dugout. Masomere, a veteran gaffer who coached Hwang...Published: 03 Aug 2023 at 18:55hrs | 11 | by Staff reporter
New suburb to tackle Bulawayo housing backlog
THE Infrastructure Development Bank of Zimbabwe (IDBZ) is developing an upmarket suburb in Bulawayo which has 114 residential stands ranging from 3 500 to 9 000 square metres in size.The estim...Published: 20 Jul 2023 at 06:52hrs | 10 | by Staff reporter
Ariel's extraordinary journey with Bosso
AT the remarkable age of 34, Ariel Sibanda stands as a testament to defying expectations and showcases his incredible prowess as an integral part of Highlanders Football Club's campaign.Affect...Published: 01 Jul 2023 at 07:58hrs | 1 | by Staff reporter
RBZ in bid to calm run on banks over currency fears
The Reserve Bank of Zimbabwe on Friday sought to calm a run on banks, insisting that depositors' funds were safe.Thousands of panicky Zimbabweans lined up in bank queues to withdraw their Unit...Published: 10 Jun 2023 at 17:53hrs | | by Staff reporter
Businessman demands US$4 million from former partner
TOP banker and marketing specialist, Mr Douglas Mamvura, is demanding payment of US$4 million from his former business partner Mr George Manyere, over a deal involving the sale of shares of an investm...Published: 11 Apr 2023 at 14:30hrs | 16 | by Staff Reporter
Bosso dumping black and white colours?
The club introduced the kit last season as their optional colours and has been using them more often in this pre-season. This has led to speculation that they are dumping their traditional black and w...Published: 05 Mar 2023 at 16:37hrs | 1 | by Staff reporter
'Mambondiani was forced to resign'
Former BancABC Zimbabwe managing director Lance Mambondiani is said to have violated policies relating to procurement of vendors where prices are said to have been inflated, Business Times reported....Published: 04 Mar 2023 at 10:24hrs | 3 | by Staff reporter
ZCDC CEO suspension opens can of worms
THE Zimbabwe Consolidated Diamond Company (ZCDC) chief executive officer (CEO) Mark Mabhudhu was suspended on Monday for reportedly stalling the corrupt purchase of Kuvimba Mining House (KMH)'s 33% sh...Published: 01 Mar 2023 at 19:34hrs | 9 | by Staff reporter
'I-Bosso yakhiwa ngabaniniyo'
FEBRUARY is significant in the history of Zimbabwean football as it is the month the country's oldest football club Highlanders was formed.Established at royal level, Highlanders have overcome...Published: 25 Feb 2023 at 06:59hrs | | by Staff reporter
Lance Mambondiani steps down
VETERAN banker, Lance Mambondiani is to step down from his post as Managing Director at BancABC.He is now expected to leave within the next three months once a replacement has been found....Published: 24 Feb 2023 at 07:39hrs | 1 | by Staff reporter
Zimbabwe launches US$10 million gold facility
Prospects for increased gold production received a boost yesterday when Finance and Economic Development Minister, Professor Mthuli Ncube launched a US$10 million gold fund targeting small-scale and a...Published: 16 Feb 2023 at 04:50hrs | | by Staff reporter
US$1m grant splits MDC-T, infighting reaches crescendo
DIVISIONS are rocking the Douglas Mwonzora-led MDC-T over a US$1 million government grant that insiders say was abused by party officials.Rifts are widening as top officials are fighting publi...Published: 18 Nov 2022 at 05:33hrs | | by Staff reporter
Imagine Mnangagwa, Chamisa embarking on an international campaign against sanctions!
Imagine President Emmerson Mnangagwa and opposition leader Nelson Chamisa embarking on an international campaign against sanctions. That move alone would be a sign of political maturity and patriotism...Published: 02 Nov 2022 at 05:04hrs | | by Trevor Ncube
Zimbabwe's construction boom chokes suppliers
ZIMBABWE is experiencing a massive boom in housing construction spearheaded by the Government and private developers, which has choked supplies of critical raw materials with suppliers now struggling ...Published: 18 Jul 2022 at 08:25hrs | 2 | by Staff reporter
Bulawayo avails 5 000 stands, another 5 000 in Masterplan
THE Bulawayo City Council (BCC) has availed more than 5 000 residential stands in various suburbs with another 5 000 outlined in its master plan as part of efforts to clear the city's housing backlog,...Published: 08 Jul 2022 at 07:35hrs | 30 | by Staff reporter
Low to middle-income housing project takes off from Bulawayo
BULAWAYO yesterday witnessed the official launch of a US$11 million housing project that will result in the construction of thousands of low-cost housing units in selected parts of the country with th...Published: 18 Jun 2022 at 07:26hrs | 11 | by Staff reporter
Mnangagwa's 'paranoid' measures roundly condemned
VARIOUS stakeholders and experts roundly condemned economic stabilisation measures introduced by President Emmerson Mnangagwa to "stop economic hitmen" from sabotaging his under-fire administration....Published: 11 May 2022 at 09:16hrs | 4 | by Staff reporter
Reserve Bank of Zimbabwe says bank lending ban 'temporary'
Zimbabwe's freeze on bank lending is a temporary measure which is meant to contain inflation and stabilise its economy, central bank governor John Mangudya told state television on Tuesday.Pre...Published: 10 May 2022 at 15:29hrs | | by Staff reporter
Temba Mliswa demands report on death of Banker Doug Munatsi
Norton Member of Parliament Temba Mliswa has demanded the report of the investigation that probed the death of Banker Douglas Munatsi who died in November 2021 in a mysterious fire that gutted his apa...Published: 30 Apr 2022 at 15:26hrs | | by Mandla Ndlovu
Govt releases US$22m agric equipment for hire
GOVERNMENT has capitalised two agricultural leasing companies with equipment worth over US$22 million to hire out mechanisation services to farmers in its bid to modernise the sector.Zimbabwe'...Published: 25 Apr 2022 at 10:11hrs | | by Staff reporter
Packed programme as ZITF roars to life
THE 62nd edition of the Zimbabwe International Trade Fair (ZITF) begins tomorrow with Kenyan President Uhuru Kenyatta now unable to come for the official opening as earlier scheduled following the dea...Published: 25 Apr 2022 at 08:50hrs | | by Staff reporter
Director arrested for fraud
A-DIRECTOR at Frontline Contracting Company was yesterday arraigned before Harare magistrate Yeukai Dzuda facing fraud allegations amounting to US$22 013.Tamuka Chihota (38) was remanded out o...Published: 14 Apr 2022 at 06:37hrs | | by Staff reporter
Trevor Ncube's dalliances with Mnangagwa run much deeper
This article on the mysterious and controversial relations between President Emmerson Mnangagwa and local publisher Trevor Ncube is a summary based on an extract from...Published: 08 Apr 2022 at 09:22hrs | 6 | by Jonathan Mbiriyamveka
Motor Action Football Club set to bounce back
THERE was a time when the now-defunct Motor Action was a force to reckon with in the local Premiership football both on and off the field.They were difficult to beat and one of their most famo...Published: 31 Mar 2022 at 08:35hrs | | by Staff reporter
Ariel sees heir in Raphael
VETERAN Highlanders goal minder Ariel Sibanda believes new acquisition Raphael Pitisi has all the right attributes to take over from him as the club's first choice goalkeeper.Sibanda has comma...Published: 21 Feb 2022 at 05:31hrs | | by Staff reporter
Pensioners get compensation for lost savings
GOVERNMENT has started paying pensioners a maximum of US$100 in compensation for losses suffered after the country adopted the multi-currency system in 2009.A commission of inquiry was once se...Published: 22 Jan 2022 at 05:23hrs | | by Staff reporter
Man faces money laundering charges
A 24-year-old Chitungwiza man yesterday appeared in court on allegations of money laundering involving unknown funds deposited into a Visa card account and then withdrawn from an ATM in Ivory Coast....Published: 30 Dec 2021 at 07:50hrs | 8 | by Staff reporter
Munatsi, Dzanya wanted US$14m from BancABC
AT the time of his mysterious death, which relatives and friends believe was a cold blooded murder, Zimbabwe Investment and Development Agency boss Douglas Munatsi and his business partner Francis Dza...Published: 12 Dec 2021 at 20:18hrs | 4 | by Staff reporter
Munatsi legacy: To die in service
AMID the sombre atmosphere of Doug Munatsi's memorial service last week, the light-hearted eulogies delivered by his wife and first-born son were undoubtedly embedded in moral values that the late pro...Published: 12 Dec 2021 at 20:16hrs | 7 | by Enock Muchinjo
Munatsi family speaks on banker's shock death
THE family of the late banker Douglas Munatsi yesterday said they were heartbroken and are still in shock over a fire incident that claimed his life last week.Munatsi, the Zimbabwe Investment ...Published: 05 Dec 2021 at 06:18hrs | 7 | by Staff reporter
Munatsi: A smart distinguished banker
Zimbabwe is witnessing one of the largest outpourings of grief following the tragic loss of Douglas Tawanda Munatsi (‘DTM') on Monday November 29, 2021.It is definitely a tragedy of unspeaka...Published: 05 Dec 2021 at 06:17hrs | 8 | by Muchadeyi Ashton Masunda
Munatsi family seeks closure
A fire broke out in apartment C9 at the palatial Northfields Complex in Harare in the early hours of Monday.The occupant of the luxurious flat was top investment banker and chief executive off...Published: 05 Dec 2021 at 06:08hrs | 8 | by Bishop Lazarus
Drax execs US$2,9m richer
AFTER the High Court this week ruled that the controversial US$20 million Drax Consult SAGL deal on medical supplies and sundries that cost former Health minister Obadiah Moyo his job was valid, Drax ...Published: 04 Dec 2021 at 18:48hrs | 6 | by Staff reporter
Inside tragic Munatsi fire death trap
HARARE City Council fire chief Clever Mafoti yesterday downplayed suggestions that his crews could have saved Zimbabwe Investment and Development Agency boss, Douglas Munatsi, who died in a shocking f...Published: 03 Dec 2021 at 18:21hrs | 5 | by Staff reporter
Munatsi death: New details emerge
POLICE yesterday said they had started investigations into the mysterious fire incident that claimed the life of Zimbabwe Investment and Development Agency chief executive Douglas Tawanda Munatsi on M...Published: 01 Dec 2021 at 05:39hrs | 4 | by Staff reporter
Gono mourns Doug Munatsi
It is with great sadness that my family and I mourn the untimely death of a fine, seasoned banker and patriotic son of the soil, Douglas Munatsi in tragic circumstances not yet explained to the nation...Published: 01 Dec 2021 at 05:34hrs | 8 | by Dr Gideon Gono
Chiwenga mourns Munatsi
Vice President Constantino Chiwenga has described as shocking and disheartening, the death of senior banker Mr Douglas Munatsi in an inferno at his luxury apartment in the early hours of Monday....Published: 01 Dec 2021 at 05:33hrs | 13 | by Staff reporter
BREAKING: Zimbabwe Top Banker burnt to death in his house
CEO of the Zimbabwe Investment and Development Agency, Douglas Munatsi, has died. He was burnt by a fire that gutted his flat located at the corner of Fifth Street and Josiah Tongogara Avenue on Monda...Published: 29 Nov 2021 at 08:29hrs | 7 | by Mandla Ndlovu
Mayor encourages online bill payments
Bulawayo mayor Councillor Solomon Mguni has urged residents to utilise mobile platforms to pay bills to minimise unnecessary gatherings and long queues that promote the spread of Covid-19.Coun...Published: 08 Nov 2021 at 05:24hrs | 10 | 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
'World's best' uplifts Matabeleland South farmers
When farmers in Matabeleland South province received help on improving yields from a Zimbabwean plant scientist, little did they know that they were in the company of someone who would be recognised a...Published: 30 Oct 2021 at 08:58hrs | 16 | by Simbarashe Sithole | Alice Mangwara in Harare
Zimbabwe lobbyists court German investors
The sterling work being done by the Second Republic has charmed Zimbabweans based in Germany where lobbyists are courting investors from Europe's biggest economy to come to the southern African nation...Published: 01 Oct 2021 at 07:53hrs | | by Staff reporter
Hands off Highlanders, let the club flourish
THE country's oldest clubs, Highlanders and Dynamos have secured the biggest ever sponsorship deals in local football after they signed multimillion-dollar contracts with energy dealer, Sakunda Holdin...Published: 17 Sep 2021 at 20:21hrs | | by Ezra Tshisa Sibanda
Explosive dossier exposes Chiadzwa gems tax sleaze
A whistleblower has submitted an explosive dossier to the Zimbabwe revenue Authority (Zimra) providing insight into how diamond mining firms in the Chiadzwa diamond fields in Manicaland, evaded tax ob...Published: 17 Sep 2021 at 06:17hrs | | by Staff reporter
Bosso on verge of securing massive sponsorship
FROM being labelled as clueless in the early days of his term, Highlanders executive committee chairman Johnfat Sibanda is about to prove his detractors wrong as he is on the verge of clinching the bi...Published: 12 Sep 2021 at 08:46hrs | 7 | by Staff reporter
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