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Mnangagwa guns for economic hitmen
PRESIDENT Emmerson Mnangagwa's administration has launched a massive clampdown on some big corporates suspected of conniving with local banks to borrow billions of Zimbabwean dollars which they used t...Published: 13 May 2022 at 19:14hrs | 391 | by Staff reporter
Chamisa blames Mnangagwa
PRESIDENT Emmerson Mnangagwa is being haunted by the 2018 legitimacy crisis that has seen the economy imploding and plunging the country into chaos, opposition Citizens' Coalition for Change leader Ne...Published: 13 May 2022 at 19:11hrs | 364 | by Staff reporter
Govt cracks down on speculators
GOVERNMENT is clamping down on big corporates, which borrowed billions of Zimbabwe dollars and used the money for speculative activities while taking advantage of exchange rate movements to push up pr...Published: 13 May 2022 at 19:02hrs | 110 | by Staff reporter
Bank lending freeze targets big corporates enjoying 'arbitrage profits'
HARARE - The Zimbabwe government is clamping down on big corporates which borrowed billions in Zimbabwean dollars and allegedly used the money for speculative activities.Authorities say the co...Published: 13 May 2022 at 14:50hrs | 1121 | by Staff Reporter
'Zimbabwe's ban on bank lending null and void'
LEGAL experts have dismissed President Emmerson Mnangagwa's ban on bank lending as a legal nullity.The ban, meant to stabilise the local currency, was part of a raft of measures announced on S...Published: 11 May 2022 at 09:12hrs | 440 | by Staff reporter
Red flag over murky govt vehicle deals
THE Zimbabwe Anti-Corruption Commission (Zacc) says it will not investigate various cases in which the government, local authorities and parastatals have been prejudiced through the non-delivery of mo...Published: 30 Apr 2022 at 16:25hrs | 765 | 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 | 971 | by Mandla Ndlovu
Top banker beaten by wife
FORMER ZB Financial Holdings Chief Executive, Ronald Mutandagayi (59), claims he was heavily assaulted by his 48-year-old wife, Loveness.The banker Tuesday dragged Loveness to court, als...Published: 27 Apr 2022 at 12:59hrs | 1212 | by Staff reporter
Zimbabwean engineer forms new political party to unite divided country
RENOWED engineer and banker, Wilbert Mubaiwa, has launched a new political party which will contest in next year's general election.The new party, which uses blue and purple colour codes, is k...Published: 25 Apr 2022 at 09:19hrs | 1626 | 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 | 225 | 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 | 2061 | by Jonathan Mbiriyamveka
Stanbic posts impressive results for year end 2021
Leading financial services institution, Stanbic Bank has shrugged off the adverse effects of the COVID-19-induced lockdowns to post an inflation adjusted ...Published: 30 Mar 2022 at 08:12hrs | 469 | by Agencies
Mnangagwa's advisory council falls apart
PRESIDENT Emmerson Mnangagwa's Presidential Advisory Council (Pac) has virtually collapsed after the acrimonious quitting of its high-profile deputy chairperson, Alpha Media Holdings (AMH) proprietor ...Published: 27 Mar 2022 at 07:36hrs | 2286 | by Staff reporter
Debunking mischief about Tagwirei, Sakunda
There has been a sustained casting of aspersions over the success of businessman Mr Kudakwashe Tagwirei, whom I will simply call Kuda, from anti-Zimbabwe media and activists both locally and outside t...Published: 25 Mar 2022 at 05:54hrs | 145 | by Rutendo Bereza Matinyarare
Unpaid banker exposes shady land deal
A RETIRED top banker has disclosed violation of local government procedures by a leading local property developer, Alpha International Developers, following a dispute over payments.In letters ...Published: 16 Mar 2022 at 05:34hrs | 710 | by Staff reporter
Zimbabwe a country with no coins, US$1 is more useful than US$100
ADRIANA Siwela, a 25-year-old college student in Harare, thought she could dash into a shop for a quick purchase of a US$2 packet of biscuits. But the cashiers sent her away. Her US$20 bill is conside...Published: 23 Feb 2022 at 05:49hrs | 694 | by Staff reporter
Mnangagwa is changing the game
Within a few days, President Mnangagwa threw serious warning shots.Some are already calling them silencing shots.The President gave opposition opportunists a teaser of forthcoming attr...Published: 20 Feb 2022 at 08:50hrs | 572 | by Major Action Mandingo (Retired)
CCZ slams 'record breaking' super-profits in sea of poverty
THE Consumer Council of Zimbabwe (CCZ) yesterday slammed business for abetting hardships, saying a significant number of firms accessing cheap foreign currency at the auction market were indexing pric...Published: 17 Feb 2022 at 05:41hrs | 472 | by Staff reporter
Let's stand with banking sector - Shutdown Chinese Mines Exploiting Workers - Union
NMWUZ - National Mine Workers' Union of Zimbabwe President Mr Kurebwa Javangwe Nomboka has said that his organization is in solidarity with striking teach...Published: 12 Feb 2022 at 08:25hrs | 1887 | by Maxwell Teedzai
Over 400 workers lose jobs to bank digitisation
AT least 321 bank workers were retrenched between 2020 and 2021 while a further 119 are set to be laid off this year as the sector embraces digital transformation, amid calls to retrain staff to take ...Published: 11 Feb 2022 at 16:46hrs | 943 | by Staff reporter
Bank deposits jump 30%
Zimbabwe's banking sector registered a 29,79 percent growth in deposits to $476 billion in 2021, latest statistics from the Reserve Bank of Zimbabwe (RBZ) show.This comes as the sector has mai...Published: 11 Feb 2022 at 05:38hrs | 190 | by Staff reporter
Zimbabwe industrialists expose gaps in Mnangagwa's re-engagement push
CALLS for government to get serious with its re-engagement drive have intensified, with industrialists and economists reminding President Emmerson Mnangagwa's administration to avoid building ties wit...Published: 06 Feb 2022 at 06:57hrs | 660 | by Staff reporter
Zimbabwean woman makes waves at AU
SHE has already broken new ground, but her unflinching determination continues to push her further up towards breaking the glass ceiling.Last year, Zimbabwe's own Chido Cleopatra Mpemba was ap...Published: 06 Feb 2022 at 06:48hrs | 328 | by Staff reporter
Zimbabwe bank interest lures more deposits
Bank deposits for both foreign and local currencies have gone up significantly after these started attracting interest last year, a top banking industry official said yesterday.Since July, ban...Published: 03 Feb 2022 at 05:32hrs | 250 | by Staff reporter
Zimbabwe on verge of redollarisation?
GOVERNMENT's failure to resolve a perennial currency crisis could push Zimbabwe back into dollarisation, analysts warned yesterday.In the past year, markets have been increasingly rejecting th...Published: 02 Feb 2022 at 05:33hrs | 3032 | by Staff reporter
Zimdollar challenge thrown out
The challenge by a Harare lawyer to invalidate civil penalties imposed on businesses or individuals refusing to accept local currency suffered a stillbirth after the High Court threw out the applicati...Published: 24 Jan 2022 at 05:24hrs | 938 | by Staff reporter
West casts sanctions net wider
LOCAL banks have raised concerns over capitalisation demands by the Reserve Bank of Zimbabwe (RBZ) compelling the financial institutions and deposit-taking micro-financefirms to meet their tar...Published: 21 Jan 2022 at 18:35hrs | 1821 | by Staff reporter
Court throws out challenge to exchange control ammendments
THE High Court has dismissed an application by human rights lawyer Obert Shava, challenging the constitutionality of Statutory Instrument (SI) 127 of 2021 which imposes civil penalties on those found ...Published: 20 Jan 2022 at 05:40hrs | 1111 | by Staff reporter
Mangudya improves in key global central bankers ranking table
RESERVE Bank of Zimbabwe governor John Mangudya has improved in the authoritative global central bankers performance indicators and ranking list by American magazine Global Finance as he graduated wit...Published: 15 Jan 2022 at 15:02hrs | 682 | by Staff reporter
Zimbabwean firefighters join nurses in leaving the country for better pay abroad
Samuel Chikengezha, a 35-year-old fireman, sits on a sofa in his modest home, staring at the television set while he stresses over how he'll make ends meet this month.He has not yet paid schoo...Published: 15 Jan 2022 at 14:15hrs | 529 | by Staff reporter
Mangudya ranked worst performing central bank governor in Africa
The Central Banker Report Cards, published annually by Global Finance since 1994, grade the central bank governors of 101 key countries and territories, including the European Union, the Eastern Carib...Published: 12 Jan 2022 at 05:13hrs | 5073 | by Staff reporter
Rogues wreak havoc on forex auction, says RBZ
ZIMBABWE'S foreign currency auction system is under siege from a cartel of rogue local and international companies externalising millions of United States dollars (USD) under a well-orchestrated schem...Published: 07 Jan 2022 at 19:40hrs | 807 | by Staff reporter
Chief Nhlanhla Ndiweni stay put in the UK: We have had enough suspicious killings in Zimbabwe
Kuwe Nkosi Ndiweni, It is not a secret that I am not your favourite subject. I have critiqued you at every angle. However, I hate to see your life on the line. Going back to Zimbabwe means dea...Published: 20 Dec 2021 at 22:20hrs | 1879 | by Nomazulu Thata
Stability, development attract top investors
ZIMBABWE's stable macro-economic environment and massive infrastructure development, has helped attract the world's top 500 firms to invest in various sectors of the economy.The stability of t...Published: 14 Dec 2021 at 05:45hrs | 89 | by Staff reporter
Phosphorus grenade used in deadly Munatsi attack
AN incendiary phosphorus grenade which ignites and explodes when hurled, emitting fire and intense heat that burns fiercely, was used to destroy banker Doug Munatsi's home after his immobilisation, ra...Published: 12 Dec 2021 at 20:20hrs | 3731 | by Staff reporter
Police finally locate Douglas Munatsi's mysterious Colleta
THE Zimbabwe Republic Police say they have located and interviewed a lady named Colleta, who was the last person to see the late banker Doug Munatsi, as investigations into the cause of his death cont...Published: 12 Dec 2021 at 20:17hrs | 744 | 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 | 354 | by Enock Muchinjo
Munatsi worked in highly toxic operational environment
THE late Zimbabwe Investment Development Agency (Zida) chief executive Douglas Munatsi - who was close to President Emmerson Mnangagwa- worked in a volatile and toxic political environment around the ...Published: 12 Dec 2021 at 20:16hrs | 488 | by Staff reporter
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 | 276 | 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 | 22 | by Muchadeyi Ashton Masunda
Delani Makhalima and the 'birth' of urban grooves
ONCE in a while in the world of music, there comes along an individual who not only shapes the sound of the day but also completely changes the trajectory of the industry as a whole.These are ...Published: 05 Dec 2021 at 06:14hrs | 55 | by Staff reporter
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 | 24 | by Bishop Lazarus
Mystery deaths deepen in Zimbabwe
DEATH is never easy and, whenever it strikes, the grief it causes is traumatic for family and friends who would have lost a loved one.This encounter with mortality always leaves the surviving ...Published: 04 Dec 2021 at 18:49hrs | 98 | by Staff reporter
'Munatsi was killed'
IF he was not immobilised or held against his will, prominent banker and Zimbabwe Investment Development Agency CEO Douglas Munatsi could have escaped the fire that engulfed his luxurious 9th floor pe...Published: 04 Dec 2021 at 18:49hrs | 50 | by Staff reporter
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 | 47 | 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 | 17 | by Staff reporter
Munatsi family still to decide on burial
THE family of prominent banker and businessman Mr Douglas Munatsi is yet to decide on burial arrangements.Mr Munatsi died early on Monday morning in a mysterious fire at his Harare apartment w...Published: 02 Dec 2021 at 05:25hrs | 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 | 16 | by Staff reporter
Police keen to question Munatsi's last contact
Police are keen to interview a woman believed to be among the last people to see prominent banker, Mr Douglas Munatsi alive before his death in a mysterious fire at his Harare apartment early Monday m...Published: 01 Dec 2021 at 05:35hrs | 8 | 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 | 10 | by Dr Gideon Gono
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