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Biti criticizes Zimbabwe's economic policies
Former finance minister Tendai Biti has strongly criticized the economic policies under the current administration, describing them as "fictitious" and blaming them for Zimbabwe's ongoing de-industria...Published: 14 Dec 2024 at 12:34hrs | 505 | by Staff reporter
Top Zimbabwe lawyer given ultimatum
The Law Society of Zimbabwe (LSZ) has given prominent lawyer Wilson Manase a deadline of ten days to provide an explanation for his failure to finalize the estate of the late businesswoman Jane Maisir...Published: 13 Oct 2024 at 12:43hrs | 1434 | by Staff reporter
Big international bank leaving Ramaphosa's South Africa
HSBC has exited its operations in South Africa after concluding deals with FirstRand and Absa to take over its two main divisions in the country. The bank first opened a South African office i...Published: 29 Sep 2024 at 12:49hrs | 44617 | by Staff reporter
Late businesswoman's family pushed for top lawyer's arrest
The family of the late businesswoman Jane Maisiri is calling for the arrest of prominent lawyer Wilson Manase, accusing him of mismanaging her estate since her death in 2002. Manase, appointed as the ...Published: 08 Sep 2024 at 15:16hrs | 1903 | by Staff reporter
Mnangagwa fires Guvamatanga, then changes mind
President Emmerson Mnangagwa sacked finance secretary George Guvamatanga last week but then had a change of heart after he made a groveling apology, and following further representations by chief cabi...Published: 01 Jul 2024 at 10:56hrs | 12 | by Staff reporter
Chivayo to gift Dj Levels a US$25,000 Benz
BUSINESSMAN and philanthropist, Wicknell Chivayo, says DJ Levels could be given a US$25 000 Mercedes Benz C Class but that will depend on DJ Fantan's approval of such a donation.Chivayo doesn'...Published: 13 Feb 2024 at 18:19hrs | 19 | by Staff reporter
CBZ in major strategic shake up
Pursuant to the strategic vision of creating one of the country's largest financial services groups, renowned banker, strategist and businessman Mr Luxon Zembe, has been appointed acting chairman of C...Published: 06 Dec 2023 at 05:02hrs | 13 | by Staff reporter
Zimbabwean multimillionaire changing lives in the UK
AS the elections in Zimbabwe approach, I am speaking with one of the millions from that country in greener pastures far from home.Despite the enduring difficulties of her homeland, Guernsey-ba...Published: 31 Jul 2023 at 06:51hrs | 12 | by Staff reporter
Zimbabwe's new labour and patriotic laws are bad for business and rights to protest
Amendments to Zimbabwe's labour and criminal law codification to include what is popularly known as the Patriotic Act have been described as bad for business and workers' rights to protest under Presi...Published: 18 Jul 2023 at 06:18hrs | 10 | by Staff reporter
Ngwabi Bhebhe started MSU with $50
FORMER Midlands State University (MSU) vice-chancellor Ngwabi Bhebhe has opened up on the struggle he faced to set up the higher learning institution.Speaking last Friday at a golf tournament ...Published: 21 Mar 2023 at 08:44hrs | | by Staff reporter
Sanctions on Zimbabwe are through ZIDERA and augmented by OFAC
ZIMBABWE remains under a punitive regime of economic sanctions that have negatively impacted the movement of funds and trading capabilities in the past two decades, Reserve Bank of Zimbabwe (RBZ) Gove...Published: 08 Mar 2023 at 05:28hrs | 2 | by Staff reporter
Top US banker Holtzman appointed Victoria Falls Offshore Centre Chairperson
TOP US banker and ex-politician, Marc Holtzman has been appointed chairperson of the Victoria Falls Offshore Centre in a move market watchers believe will bolster global investors' confidence....Published: 15 Feb 2023 at 05:04hrs | 7 | by Staff reporter
FNB of South Africa plus 4 other investors vie for Standard Chartered Bank Zimbabwe?
THE proposed takeover of Standard Chartered Bank Zimbabwe (StanChart), the country's oldest financial institution, has moved a gear up after five prospective investors including local and regional ent...Published: 21 Jan 2023 at 11:25hrs | 13 | by Staff reporter
Cimas iGo half-marathon raises awareness of men's health issues
Cimas Health Group is marking Men's Health Awareness Month by offering Cimas members prostate cancer screening at all its clinics throughout November, broadcasting a prostate cancer talk show on Frida...Published: 16 Nov 2022 at 09:14hrs | 10 | by Tendai Ruben Mbofana
100 hectares for Figtree smart city
Bulilima Rural District Council has offered a 100-hectare farm for the development of Figtree into a smart city whose transformation will be anchored on digitisation and adoption of green energy....Published: 30 Sep 2022 at 06:07hrs | | by Staff reporter
Anthony Mandiwanza finally retires
LONG-SERVING Dairibord Holdings chief executive officer, Mr Anthony Mandiwanza, is retiring after serving the company for 34 years, 24 of them at the helm.In a statement on Wednesday, Da...Published: 20 Jul 2022 at 18:19hrs | 19 | by Staff reporter
Mahere affair with married man allegations take a new twist
CITIZENS Coalition for Change (CCC) spokesperson Fadzayi Mahere has threatened to sue online publication Kukurigo if it does not retract an article alleging she is having an affair with top businessma...Published: 05 Jul 2022 at 21:09hrs | 6 | by Staff reporter
Guvamatanga challenges claim Biti paid civil servants US$540 during GNU
FINANCE Ministry's permanent secretary, George Guvamatanga on Monday said current salaries being earned by the country's civil servants are much higher than the US$540 awarded at the peak of the dolla...Published: 28 Jun 2022 at 07:28hrs | 5 | by Staff reporter
WorldRemit closes transfers to Zimbabwe banks
British-based digital payments service, WorldRemit has announced its removal of direct bank transfers to Zimbabwean accounts in favour of mostly cash transactions.This came a month after Zimba...Published: 18 Jun 2022 at 07:28hrs | 10 | by Staff reporter
Zimbabwean farmers to cash in on cannabis global boom
Zimbabwean farmers looking to cash in on a global boom in medicinal cannabis face a litany of costs and regulatory barriers, but growers like Munyaradzi Nyanungo are betting it will boost their fortun...Published: 11 May 2022 at 11:36hrs | 10 | by Staff reporter
Standard Chartered exits Zimbabwe
After 130 years in the country, Standard Chartered is leaving Zimbabwe. The group has announced it is exiting a number of operations around the world, including Zimbabwe, to cut costs.The bank...Published: 14 Apr 2022 at 20:21hrs | 8 | by Staff reporter
Auditor-General redflags Bulawayo, Gweru councils
THE Auditor-General has red-flagged the Bulawayo and Gweru city councils for a host of misconduct, among them evading paying taxes, failure to account for millions of donations and selling stands to m...Published: 10 Apr 2022 at 08:14hrs | | by Staff reporter
20 years of ruinous sanctions
The unilateral sanctions imposed on Zimbabwe by the West in the last 20 years have, among others, adversely affected the country's ability to boost its manufacturing sector, build health and education...Published: 29 Dec 2021 at 05:21hrs | 9 | by Staff reporter
Lafarge appoints new CE
LAFARGE Cement Zimbabwe has appointed Geoffrey Ndugwa as its chief executive, replacing Precious Nyika, who left the group in September.The Lafarge board said the appointment was with effect f...Published: 23 Dec 2021 at 05:40hrs | 7 | by Staff reporter
Marc Holtzman: His axis with Mnangagwa and CBZ Bank
ON Monday last week - 15 November - Zimbabwean President Emmerson Mnangagwa travelled with a delegation of senior government officials and top business executives to the Intra-African Trade Fair in Du...Published: 27 Nov 2021 at 16:54hrs | 8 | by Staff reporter
Bankers plan to establish a new financial behemoth
ON 3 September 2021, The NewsHawks exclusively published a story that government, bankers and investors, including local business tycoon Kudakwashe Tagwirei, are working on a plan to create the bigges...Published: 13 Nov 2021 at 17:45hrs | 9 | by Staff reporter
Kazembe Kazembe in US$2,5 million tender scandal
HOME AFFAIRS minister Kazembe Kazembe has been implicated in massive tender scandal after a company he has interests in won a lucrative tender under suspicious circumstances, it has emerged.Th...Published: 26 Oct 2021 at 06:43hrs | | by Staff reporter
Is Guvamatanga altogether there?
An observation made by my daughter, Dr Rumbi, when she was 27 years old has haunted me ever since. Dr Rumbi was preparing for her doctoral defence on governance, and she had returned from a research t...Published: 17 Oct 2021 at 09:08hrs | 1 | by Kenneth Mufuka
'Tagwirei gift to Guvamatanga a bribe'
Treasury secretary George Guvamatanga's acceptance of lavish gifts from corruption-accused business tycoon Kudakwashe Tagwirei is legally questionable, lawyers have said.Guvamatanga spared no ...Published: 10 Oct 2021 at 20:32hrs | 8 | by Staff reporter
Bigwig defends lavish party
UNDERFIRE Finance ministry permanent secretary George Guvamatanga has struck a defiant tone after fierce criticism over his 50th birthday bash in Harare where he invited top performers from South Afri...Published: 10 Oct 2021 at 06:53hrs | | by Staff reporter
Parly demands role in IMF windfall use
ZIMBABWE'S parliament wants a huge say in the way government will distribute a nearly US$1 billion windfall injected recently into the economy by the International Monetary Fund (IMF).The wind...Published: 01 Oct 2021 at 08:05hrs | | by Staff reporter
9 new judges to be sworn in
NINE new judges recommended by the Judicial Service Commission and accepted by President Mnangagwa for appointment as judges of the High Court will tomorrow take their judicial oaths.The nine ...Published: 28 Sep 2021 at 06:09hrs | | by Staff reporter
Old Mutual rallies re-engagement efforts
FINANCIAL services provider, Old Mutual Holdings has implored relevant authorities to continue with international re-engagement efforts to attain healthier relations with international financial marke...Published: 05 Sep 2021 at 06:53hrs | | by Nobleman Runyanga
'Top bankers assigned to guard Zimbabwe's IMF windfall'
Finance Minister Mthuli Ncube laid out a solid spending plan for the US$961 million recently injected by the International Monetary Fund (iMF), saying the windfall would be guarded by three top banker...Published: 03 Sep 2021 at 07:01hrs | | by Staff reporter
Ceteris Paribus #SanctionsMustGo
IN November 2018, Zimbabwean telecoms mogul Strive Masiyiwa joined the anti-sanctions lobby highlighting that no country could prosper with "its hands tied at the back".The impact of sanctions...Published: 20 Aug 2021 at 07:15hrs | 18 | by Eben Mabunda
Sanctions: The unfair comparison between Zimbabwe and Rhodesia
MANY Zimbabweans often bring up the comparison between Rhodesian and Zimbabwean sanctions to drive the narrative that Rhodesia had more stringent sanctions that they managed better than Zimbabwe is ma...Published: 11 Jun 2021 at 06:35hrs | | by Rutendo Bereza Matinyarare
CBZ to list on Victoria Falls Stock Exchange
CBZ Holdings Ltd., the biggest bank in Zimbabwe, plans to list on the US dollar-denominated stock exchange in Victoria Falls, as part of efforts to ignite foreign interest in the lender.The fi...Published: 22 May 2021 at 08:34hrs | | by Bloomberg
Security - Why it Matters for Due Diligence - use a data room
After the stock market crashed in 1929, a new law was formed. The Securities Act of 1933 sought to help investors make more inf...Published: 28 Apr 2021 at 05:53hrs | 6 | by Staff writer
Top banker Jinya makes grand return
IT is an appointment that many least expected. But ex-Nedbank managing director (MD) Charity Jinya made a surprise return to the country's banking industry on Saturday after Finance minister Mthuli Nc...Published: 21 Feb 2021 at 21:43hrs | | by Staff reporter
Zimbabwe's cartels that are not the real cartels
I just read the report by Daily Maverick, that is purporting to expose cartels in Zimbabwe. The problem with the report is it does not include the obvious and leading cartels in Zimbabwe, such as Old ...Published: 11 Feb 2021 at 09:38hrs | 2 | by Simbarashe Mwandipendaa
Share swap exposes Tagwirei's vast web
A transaction in which the National Social Security Authority (NSSA) disposed of its 37,79% ZB Financial Holdings (ZBFH) shareholding was a swap deal that saw the authority clinching CBZ shares worth ...Published: 04 Dec 2020 at 07:27hrs | 14 | by Staff reporter
Chivayo trial set for 2021
THE trial of businessman Wicknell Chivayo, his company Intratek and former Zimbabwe Power Company (ZPC) chairman Stanley Kazhanje on bribery charges has been set for next year. Harare regional...Published: 26 Nov 2020 at 07:08hrs | 1 | by Staff reporter
Prophet Bushiri's case (an analysis)
Prophet Bushiri was right to flee persecution from South Africa. From what I gathered, there is an impending danger to his life and that of his family(, wife and children). lf one is facing such probl...Published: 19 Nov 2020 at 08:40hrs | | by Njabulo
Wicknell Chivayo trial date set
FLAMBOYANT businessman Wicknell Chivayo, accused of bribery emanating from the Gwanda solar deal that he signed with the Zimbabwe Power Company (ZPC), will now stand trial on November 24 after the Hig...Published: 26 Sep 2020 at 18:59hrs | 1 | by Staff reporter
Guard forgets firearm in toilet
WHAT a relief!A seemingly absent-minded security guard with a local security company who was deployed at a bank landed himself in trouble when he allegedly forgot his service firearm in the to...Published: 26 Sep 2020 at 08:22hrs | | by Staff reporter
Even slaves refused to sell their souls
As the world marks 400 years since 1619, when Africans were first abducted and sold into slavery in America, this extract below from the book To Be A Slave by African-American author Julius Lester, pu...Published: 06 Sep 2019 at 07:16hrs | 1 | by Conway Tutani
First Capital Bank axes 120 workers
FIRST Capital Bank Zimbabwe (FCB), formerly Barclays Bank, has laid off 120 workers as the economic crisis continues to take a toll on the beleaguered financial services sector, NewsDay can exclusivel...Published: 05 Sep 2019 at 08:09hrs | 2 | by Staff reporter
Bank adopts new strategy
FIRST Capital Bank, formerly Barclays Bank Zimbabwe, has adopted an 'ever-changing' strategy going forward due to the monetary policy changes made in the country this year.This comes as banks ...Published: 04 Sep 2019 at 08:41hrs | | by Staff reporter
Convicted ex-ZPC boss sentencing deferred
Convicted ex-ZPC boss sentencing deferredA HARARE magistrate yesterday deferred the sentencing of former Zimbabwe Power Company (ZPC) board chair Stanley Kazhanje, who was convicted of conceal...Published: 31 Aug 2019 at 09:19hrs | | by Staff Reporter
Currency changes choke banks
ZIMBABWE'S banking sector is skating on thin ice due to a illiquidity crunch that has drastically reduced the financial institutions' capacity to lend following the reintroduction of a local currency,...Published: 25 Aug 2019 at 18:51hrs | | by Staff reporter
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