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Zimbabwe fuel imports gobble US$1.2 billion
Zimbabwe spends over US$1.2bn yearly on the importation of petroleum products despite the crippling fuel shortages that the country continues to endure, Business Times reported.The fuel crisis...Published: 19 secs ago | | by Staff reporter
Zimbabwe's Staff Monitored Programme off-track, says IMF
The International Monetary Fund (IMF)'s economic supervised reform plan for Zimbabwe is off-track due to mixed policy implementation with the Bretton Woods institution imploring Harare to consider ask...Published: 5 mins ago | 1 | by Staff reporter
Zimbabwe's gold deliveries surges 44%
Zimbabwe's gold deliveries surged 44% to 2.54 tonnes in January from 1.77 tonnes during the same period last year on the back of increased fuel allocations to miners.Experts said the country's...Published: 7 mins ago | 1 | by Staff reporter
Maize 'cartel boss' snubs Parly committee
GRAIN Millers Association of Zimbabwe (Gmaz) chairperson Tafadzwa Musarara yesterday snubbed the parliamentary portfolio committee on Lands, Agriculture Water and Rural Resettlement when it visited hi...Published: 29 mins ago | 40 | by Staff reporter
Matebeleland companies demand transparency in forex allocation
Industry in Matebeleland has demanded transparency in the allocation of foreign currency to companies in the region at a time when Zimbabwe is facing critical shortages of the hard currency.In...Published: 6 hrs ago | 343 | by Staff reporter
Bid to cover up Zimondi's role in Kereke prison saga exposed
TOP prisons official Senior Assistant Commissioner Phineas Chitekuteku was yesterday exposed in court after he tried to defend his boss Commissioner-General Paradzai Zimondi's involvement in jailed ra...Published: 6 hrs ago | 928 | by Staff reporter
'Mnangagwa relative' removed from remand
THE case in which a woman who claimed to be President Emmerson Mnangagwa's "relative" who appeared in court facing charges of swindling a South African businessman of R290 522 has crumbled after a Har...Published: 6 hrs ago | 368 | by Staff reporter
Businesswoman off the hook
BUSINESSWOMAN and Connect Water chief executive, Ms Smolly Moyo, who was facing allegations of duping a businessman of R290 000 has been freed. Moyo will only return to court by way of summons...Published: 7 hrs ago | 237 | by Staff reporter
Zimbabwe pays Eskom US$1m monthly
ENERGY and Power Development Minister Fortune Chasi has said Zimbabwe is paying nearly US$1 million towards clearing its debt to South Africa's State power utility, Eskom, and expects improved power s...Published: 7 hrs ago | 176 | by Staff reporter
Parliament to follow up on RBZ funds
Parliament will follow up on all companies that received foreign currency from the Reserve Bank of Zimbabwe (RBZ) to promote accountability and transparency. This came out yesterday when the L...Published: 7 hrs ago | 158 | by Staff reporter
Mthuli Ncube in trouble as IMF warns of a nation in crisis
The International Monetary Fund says that the Staff Monitored Programme is now off track and that Zimbabwe is experiencing an economic and humanitarian crisis, which requires difficult policy choices ...Published: 7 hrs ago | 759 | by FinX
Zimbabwe's US dollar question
The Zimbabwean economy is marred by contradictions with some sectors allowed to trade in foreign currency while others are excluded. This was the message that Confederation of Zimbabwe Industr...Published: 20 hrs ago | 3163 | by Staff reporter
GMB, Musarara clash over 'missing' US$8 million
After months of continuous haggling, the Grain Millers Association of Zimbabwe (GMAZ) finally appeared in parliament on Tuesday along with Grain Marketing Board (GMB) officials. They appeared ...Published: 20 hrs ago | 854 | by Staff reporter
Zimbabwe: African Development Bank Executive Directors conduct consultative mission, tour project sites
HARARE - A seven-member delegation of Executive Directors of the African Development Bank (www.AfDB.org) visited Zimbabwe on a week-long fact-finding mission where they held meetings with a number of ...Published: 23 hrs ago | 271 | by APO
Gilbert Tachuona aka Sam Mshengu Chabalala granted R500,000 bail
There were jubilant scenes outside the Middelburg Magistrate’s Court in Mpumalanga on Wednesday after flamboyant, corruption-accused businessman Sam Tshabalala was granted R500 000 bail.Most...Published: 26 Feb 2020 at 12:09hrs | 1199 | by Staff reporter
Why Prof Mthuli Ncube and John Mangudya must resign
In this dossier I am challenging the Finance Minister, Mr Mthuli Ncube, and his RBZ counterpart Mr Mangudya to resign with immediate effect citing their combined failure to fulfil their objectives and...Published: 26 Feb 2020 at 09:19hrs | 955 | by Magugu Benard, ZAPU NPC member (Midlands province)
Mthuli Ncube, Mangudya must resign
In this dossier, I am challenging the Finance Minister, Mr Mthuli Ncube, and his RBZ counterpart Mr Mangudya to resign with immediate effect citing their combined failure to fulfil their objectives an...Published: 26 Feb 2020 at 08:43hrs | 1195 | by Magugu Benard, ZAPU NPC member (Midlands province)
Mnangagwa sucked into US$9m GMB saga
PRESIDENT Emmerson Mnangagwa and former Finance minister Patrick Chinamasa have been sucked into a US$9 million saga for the rehabilitation of Grain Marketing Board (GMB) silos fronted by millers, whi...Published: 26 Feb 2020 at 07:14hrs | 2593 | by Staff reporter
Sam Mshengu Chabalala's real name is Gilbert Tachuona
Controversial Mpumalanga businessman and tycoon in the trucking business Sam "Mshengu" Chabalala's true identity has been revealed. Court papers exposed that his real name is Gilbert Tachuona and he w...Published: 26 Feb 2020 at 07:03hrs | 2385 | by Staff reporter
Businessman 'rapes' shopkeeper twice
A Masvingo-based businessman (42) has been arrested for allegedly raping his shopkeeper (18) on two consecutive nights as punishment for having shortfalls from her daily banking from his shop....Published: 26 Feb 2020 at 06:55hrs | 1547 | by Staff reporter
Harare public toilets deplorable
Harare is sitting on a health time bomb as most of its public toilets are in bad shape and no longer fit for use.While council has refurbished public toilets in some parts of the central busin...Published: 26 Feb 2020 at 06:52hrs | 179 | by Staff reporter
MSU fraud couple challenge conviction at High Court
FORMER Midlands State University (MSU) bursar Mamelo Moyo and her husband Melusi, who formed a briefcase company that saw the institution of higher learning being swindled of more than US$150 000 thro...Published: 26 Feb 2020 at 06:03hrs | 624 | by Staff reporter
US$60 000 fraudster arrested
POLICE have arrested a serial fraudster who got away with about US$60 000 after swindling illegal money changers in Bulawayo and Harare. National police spokesperson Assistant Commissioner Pau...Published: 26 Feb 2020 at 05:56hrs | 246 | by Staff reporter
Lawyer's trial postponed
The trial of Harare lawyer Everson Round Samukange, who allegedly sent a live bullet wrapped in a letter with death threats to a senior partner at Venturas and Samukange law firm failed to start on Mo...Published: 26 Feb 2020 at 05:55hrs | 145 | by Staff reporter
US dollar fuel helps save forex, claims Mangudya
The move by the central bank to allow all fuel service stations with free funds to import fuel for sale in foreign currency, will help the economy save much-needed critical foreign currency, Reserve B...Published: 26 Feb 2020 at 05:53hrs | 446 | by Staff reporter
Zimbabwe loses US$3bn to illicit financial flows
ZIMBABWE has lost over US$3 billion to illicit financial flows through tax evasion, smuggling, corruption, fraud, drug trafficking and money laundering, Zimbabwe Anti-Corruption Commission (ZACC) chai...Published: 26 Feb 2020 at 05:52hrs | 95 | by Staff reporter
US$7bn loot stashed in foreign lands:, says ZACC
THE Zimbabwe Anti-Corruption Commission (ZACC) says it has identified over US$7 billion in cash and properties stashed outside the country by former and current senior Government officials and captain...Published: 26 Feb 2020 at 05:50hrs | 520 | by Staff reporter
Maize cartel 'boss' fails to account for US$27 million in Pairliament?
The Herald Herald Correspondent GRAIN Millers Association of Zimbabwe (GMAZ) chairman Mr Tafadzwa Musarara yesterday failed to account for US$27 million which the association received from the Reserve...Published: 26 Feb 2020 at 05:50hrs | 488 | by Staff reporter
Mnangagwa says committed to reforms
Zimbabwe is committed to implementing political, economic and legislative reforms as part of efforts to escalate sustainable socio-economic development initiatives, President Emmerson Mnangagwa has sa...Published: 25 Feb 2020 at 20:52hrs | 935 | by Staff reporter
Sam Mshengu Chabalala's real name is Gilbert Tachuona
Controversial Mpumalanga businessman and tycoon in the trucking business Sam "Mshengu" Chabalala's true identity has been revealed. Court papers exposed that his real name is Gilbert Tachuona and he w...Published: 25 Feb 2020 at 19:17hrs | 5292 | by Staff reporter
'Saviour Kasukuwere's political project suffers stillbirth'
The much hyped #TysonWabantu Movement that took Zimbabwe by storm in 2019 has fizzled out and lost steam political analysts have said. The Movement which describes itself as a Social Movement ...Published: 25 Feb 2020 at 10:37hrs | 2021 | by Mandla Ndlovu
Zanu hatches a counter plan for the secessionists and the opposition in Matabeleland
A new party is set to be born during the course of the year in Matabeleland in the same way that Zapu was born, some years back. Many people have until this day questioned but without any good answer,...Published: 25 Feb 2020 at 10:01hrs | 1264 | by Tongai Zwayisa
Hackers are after Web Applications now (and other key takeaways from SonicWall Cyber Threat Report)
Not too long ago, SonicWall released its Cyber Threat Report 2019. One of the key takeaways is that cybercriminals are starting to take an interest in web apps. In fact, these have increased by 52% in...Published: 25 Feb 2020 at 08:09hrs | 378 | by Staff writer
Mbeki's return lifts Zimbabwe hopes
The imminent return to Harare of former South African president Thabo Mbeki, to continue with his mediation efforts in the local impasse has lifted the hopes of many Zimbabweans who see dialogue as th...Published: 25 Feb 2020 at 07:16hrs | 7955 | by Staff reporter
Mangudya dodges questions on 'risky' depositors
Reserve Bank of Zimbabwe governor John Mangudya yesterday refused to publicly disclose the identity of the 200 depositors who own the bulk of the $34,5 billion bank deposits in the country.Man...Published: 25 Feb 2020 at 06:55hrs | 1773 | by Staff reporter
Bankers seek 40% salary hike
ZIMBABWE'S banking sector workers are pushing for a 37,6% salary hike as salaries continue to be wiped out by rising inflation.Currency volatility and inflation, which closed 2019 at 521%, rem...Published: 25 Feb 2020 at 06:52hrs | 998 | by Staff reporter
RBZ hauled to court over US$225,000 debt
THE Reserve Bank of Zimbabwe (RBZ) has been hauled to the High Court by the National Business Council of Zimbabwe (NBCZ) for failing to settle its US$255 000 debt. At the time the deal was mad...Published: 25 Feb 2020 at 06:32hrs | 201 | by Staff reporter
Money laundering threat declines
Zimbabwe recorded a decline in money laundering threat between 2014-2018 after assessed value of the money laundering vulnerability per year came down by approximately half. Money laundering i...Published: 25 Feb 2020 at 06:30hrs | 232 | by Staff reporter
Mangudya tells MPs to blame Govt, not RBZ
RESERVE Bank of Zimbabwe (RBZ) governor John Mangudya says the central bank should not be blamed for the country's often unpopular monetary policies but blame should be directed towards policy makers ...Published: 25 Feb 2020 at 06:29hrs | 542 | by newzimbabwe
Kazembe Kazembe hit with another $1.1 million lawsuit
HOME Affairs Minister, Kazembe Kazembe and Police Commissioner General Godwin Matanga have been jointly slapped with a US$1,1 million lawsuit by a miner who claims that they barred him to operate with...Published: 25 Feb 2020 at 06:29hrs | 289 | by Staff reporter
Biti accuses RBZ of carrying out rogue money printing activities
MDC Vice President and Harare East MP, Tendai Biti accused the RBZ of carrying out rogue money printing activities."For those the gods are about to destroy they first make mad. Law does not al...Published: 25 Feb 2020 at 06:28hrs | 211 | by Staff reporter
Mnangagwa urged to retire lazy and corrupt leaders
Under-performing and corrupt leaders have been urged to voluntarily step down and pave way for young and energetic leadership to save their faces from imminent expulsion. The youths hope to en...Published: 25 Feb 2020 at 06:26hrs | 293 | by Staff reporter
RBZ focus on inflation, exchange rate stabilisation
Stabilising inflation and the exchange rate are the top priorities of the Reserve Bank of Zimbabwe (RBZ) this year. Speaking before the Parliamentary Portfolio Committee on Budget, Finance and...Published: 25 Feb 2020 at 06:16hrs | 279 | by Staff reporter
PPPs ideal for self-financing infrastructure projects
The state of public infrastructure in Zimbabwe is now deplorable due to several years of neglect and underinvestment. The country's infrastructure gap in railway, roads, energy, sports facilities, bor...Published: 24 Feb 2020 at 13:24hrs | 523 | by Victor Bhoroma
Justice Wadyajena divides parliament?
The 33 member Parliamentary Portfolio Committee on Lands, Agriculture, Water, Climate and rural resettlement is alleged to be divided on tribal, political and personal interest lines as it emerged tha...Published: 24 Feb 2020 at 13:16hrs | 2162 | by Nicholas Ncube
SA tells Mnangagwa to stop meddling
NEIGHBOURING South Africa has told President Emmerson Mnangagwa's administration to stop political interference in public institutions, respect trade agreements and allow competition in business if it...Published: 24 Feb 2020 at 10:10hrs | 2615 | by Staff reporter
Maize 'cartel' boss summoned to Parliament
Parliament has officially summoned Grain Millers Association of Zimbabwe chairman Tafadzwa Musarara to appear before a portfolio committee after he snubbed several invitations.The committee on...Published: 24 Feb 2020 at 08:39hrs | 1361 | by Staff reporter
Zimbabwean family hopes to be granted US asylum after long wait
The Dzawo family has built their life in Burlington since fleeing government persecution in Zimbabwe in 2012. On March 4, a judge will decide whether to grant or deny them asylum status.It's b...Published: 24 Feb 2020 at 08:39hrs | 815 | by Staff reporter
Chamisa, Mnangagwa talks on brink of collapse
Talks between President Emmerson Mnangagwa's government and the opposition Movement for Democratic Change have broken down, pitching Zimbabwe further into political disarray.MDC leader Nelson ...Published: 24 Feb 2020 at 07:13hrs | 2048 | by Staff reporter
'No one has monopoly of ideas' said Mnangagwa - he has monopoly to rig and rule!
My fellow Zimbabweans, we are well and truly stuck! Nothing encapsulates Zimbabwe's economic decline and helplessness more than what happened to our agricultural sector. We live in the day a...Published: 24 Feb 2020 at 07:11hrs | 372 | by Wilbert Mukori
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