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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 | 19 | by Staff Reporter
Mnangagwa woos investors at AfDB organised forum
PRESIDENT Emmerson Mnangagwa has invited investors who graced the recently held Africa Development Bank (AfDB) organised event to tap into the country's agricultural, mining and manufacturing sectors ...Published: 13 Nov 2022 at 17:32hrs | | by Staff reporter
Fugitive R10m fraudster nabbed, faces extradition
CORDIAL relations between Zimbabwe and South Africa have led to the arrest of a fugitive who swindled a South African company of over R10 million, jumped bail and later sneaked into Zimbabwe where he ...Published: 30 Oct 2021 at 12:51hrs | 10 | by Staff Reporter
Mugabe blocked son-in-law, daughter and nephew over attempts to take over Telecel
WHILE the late former president Robert Mugabe's regime was corrupt and incompetent it allowed ministers, top civil servants and its business cronies to loot public resources Mugabe himself was very st...Published: 06 Mar 2021 at 08:00hrs | | by Staff reporter
Bank of Zambia orders top Zimbabwean banker to exits MyBucks
THE Bank of Zambia (BoZ) has ordered a top Zimbabwean banker, George Manyere to exit from both controlling shareholding and directorship in the fintech company MyBucks after violating banking rules....Published: 18 Jan 2021 at 05:45hrs | | by Staff reporter
'Mnangagwa out to fix me,' says Kasukuwere
EXILED former Local Government minister and Zanu-PF commissar Saviour Kasukuwere yesterday hit back at President Emmerson Mnangagwa, saying the extradition order his administration was seeking from th...Published: 13 Oct 2020 at 07:00hrs | | by Staff reporter
Mnangagwa initiates Kasukuwere extradition
South Africa has been asked to extradite former Cabinet minister Saviour Kasukuwere to Zimbabwe to answer to four counts of criminal abuse of duty as a public officer. The first three counts a...Published: 12 Oct 2020 at 06:05hrs | | by Staff reporter
Kasukuwere set free
The High Court halted former local government minister Saviour Kasukuwere's trial on Wednesday after ruling that charges filed by prosecutors did not disclose an offence.A magistrate's refusal...Published: 22 Aug 2019 at 16:20hrs | | by ZimLive
Kasukuwere to seek medication in SA
A HARARE magistrate yesterday temporarily released former Local Government minister Saviour Kasukuwere's passport to allow him to travel to South Africa for medical attention over an undisclosed ailme...Published: 11 Jan 2019 at 09:38hrs | | by Staff reporter
Setback for Kasukuwere
A Harare magistrate yesterday dismissed an application of exception to charges made by former Local Government minister Saviour Kasukuwere.The ex-Zanu-PF political commissar is facing three ch...Published: 30 Nov 2018 at 11:34hrs | | by Staff reporter
'Kasukuwere delaying day of reckoning'
The State has accused former Cabinet minister Saviour Kasukuwere of boggling the court with frivolous applications in an effort to delay the commencement of his trial and his "day of reckoning."...Published: 29 Nov 2018 at 12:03hrs | | by Staff reporter
Kasukuwere applies for exception
Former Cabinet Minister Saviour Kasukuwere, who is facing four counts of alleged abuse of office, yesterday made an application for exception on all the charges as he believes that he did not act crim...Published: 22 Nov 2018 at 05:41hrs | 1 | by Staff reporter
Kasukuwere demands more documents ahead of trial
Former Local Government minister Saviour Kasukuwere, who is facing charges of fraudulently parcelling out vast tracts of land to former First Lady Grace Mugabe's sister Shuvai Gumbochuma among others,...Published: 08 Nov 2018 at 05:40hrs | | by Staff reporter
Kasukuwere's trial fails to kick-off again
The trial for former Cabinet minister Saviour Kasukuwere failed to kick off a second time in Harare on Thursday.Kasukuwere, through his lawyer Advocate Thembinkosi Magwaliba instructed by Char...Published: 07 Nov 2018 at 17:22hrs | 1 | by Staff reporter
Kasukuwere dumped by top lawyer
Harare lawyer Mr Jonathan Samukange has renounced agency in a case in which he was appearing for former Cabinet minister Saviour Kasukuwere, who is facing criminal abuse of office charges. Mr ...Published: 05 Oct 2018 at 06:32hrs | | by Staff reporter
Acting PG told he will end up like Johannes Tomana and Goba
Acting Prosecutor-General (PG) Kumbirai Hodzi met his match in the magistrates' court on Tuesday when a top Harare lawyer representing former Local Government minister Saviour Kasukuwere warned him to...Published: 27 Sep 2018 at 14:14hrs | | by Staff reporter
Kasukuwere haunted by land deals
FORMER Cabinet minister Saviour Kasukuwere was yesterday arrested after he handed himself over to police for questioning on allegations of criminal abuse of office during his tenure as a government mi...Published: 25 Sep 2018 at 07:26hrs | | by Staff reporter
Kasukuwere spends night in cells
FORMER Cabinet Minister Saviour Kasukuwere was yesterday arrested on four counts of alleged abuse of office and spent a night at Rhodesville police station in Harare pending his appearance in court to...Published: 25 Sep 2018 at 00:06hrs | | by Staff reporter
Telecel ownership storm brewing
A STORM has rocked Telecel Zimbabwe over its ownership structure, as two directors James Makamba and Gerald Mlotshwa, are both claiming chairmanship of the country's third largest telecoms group....Published: 14 Jun 2018 at 07:54hrs | | by Staff reporter
James Makamba on the ropes
Brainworks Capital founder and former director George Manyere has moved to claim $2,75 million owed by businessman Dr James Makamba's investment vehicle Kestrel Corporation, which was securitised by s...Published: 17 Apr 2018 at 07:04hrs | | by Staff reporter
'Am not corrupt', Kasukuwere tells Zacc
The Zimbabwe Anti-Corruption Commission (Zacc) is now targeting Local Government minister Saviour Kasukuwere as it suspects he facilitated doggy indigenisation deals.Zacc, according to r...Published: 28 Dec 2016 at 03:33hrs | | by Staff Reporter
New twist to Telecel takeover
The disposal of Telecel Zimbabwe (TZ) by its international parent VimpelCom continues to be mired in controversy as James Makamba's Empowerment Corporation (EC) has threatened to sue the Netherlan...Published: 18 Nov 2016 at 06:57hrs | | by Staff reporter
Turkish Airlines executives jet into Zimbabwe
GOVERNMENT says one of the global airlines it is courting to operate direct flights into Victoria Falls will send a delegation to Harare next month to appraise themselves of the route.The Vict...Published: 27 May 2016 at 09:26hrs | 11 | by Staff reporter
Government yet to court the Empowerment Corporation over Telecel
THE envisaged complete takeover of Telecel Zimbabwe by Government might take long amid indications that the new majority shareholder is yet to engage the minority shareholders – the Empowerment Corp...Published: 13 Dec 2015 at 08:59hrs | | by Africa Moyo
Getbucks set to list on the Zimbabwe Stock Exchange
Local micro-finance institution GetBucks Zimbabwe will soon launch an initial public offering on the Zimbabwe Stock Exchange in order to raise $3,75 million. It will be the first IPO since Ph...Published: 22 Oct 2015 at 09:04hrs | | by Staff reporter
Mnangagwa in near embarrassment at Grace Mugabe bash
Vice-President Emmerson Mnangagwa was reportedly saved the embarrassment at First Lady Grace Mugabe's 50th birthday dinner dance on Saturday as he had to be invited to take a seat in the inner circ...Published: 29 Jul 2015 at 08:58hrs | | by Staff Reporter
Kasukuwere to be grilled over 'murky' multi-million dollar empowerment deals
Embattled former Youth and Indigenisation minister, Saviour Kasukuwere, faces further scrutiny as he appears in Parliament tomorrow to explain "murky" multi-million dollar empowerment deals handled by...Published: 08 Jul 2015 at 15:51hrs | | by Staff reporter
Mugabe chased Jonathan Moyo out of meeting
Information Minister Jonathan Moyo's job was hanging in the balance last night after President Robert Mugabe kicked him out of a Cabinet meeting yesterday saying that as he was no longer a non-constit...Published: 25 Jun 2015 at 12:12hrs | 1 | by Thelma Chikwanha
Jonathan Moyo, Kasukuwere face heavy artillery
As Zanu-PF's deadly factional and succession wars continue to rip the former liberation movement apart, it has emerged that supporters of Vice President Emmerson Mnangagwa are ratcheting up the pressu...Published: 21 Jun 2015 at 16:36hrs | | by Staff reporter
Parliament probes Brainworks Capital
Despite claiming to have sealed indigenisation deals worth over $1 billion in an advisory capacity to government, a local advisory firm has failed to satisfactorily explain why it has decided to write...Published: 19 Jun 2015 at 15:43hrs | 1 | by Staff reporter
Telecel closure: Zanu-PF double standards exposed
Telecel Zimbabwe (Telecel) licence cancellation by the country's telecommunication regulator smacks of hypocrisy and Zanu-PF-led government's double standards when dealing with perceived political ene...Published: 12 May 2015 at 14:14hrs | | by John Kachembere
Econet & Telecel: A tale of two telecoms companies
Twenty years ago, in the mid-1990s, a young telecoms engineer came across an idea for the future and brought it to Zimbabwe.He wanted to operate a mobile telephone service business. It was unh...Published: 01 May 2015 at 09:37hrs | | by Alex Magaisa
Brainworks in $35 million capital raise
Local investment holding firm Brainworks Capital Management has 'successfully' raised $35 million following the closure of a capital raise last week. The proceeds will be used to strengthen va...Published: 30 Mar 2015 at 07:23hrs | | by Staff reporter
Brainworks withdraws $20m Telecel offer after rights offer close
Brainworks Capital Management has withdrawn the offer that it had made to Empowerment Corporation to purchase its 40 percent shareholding in Telecel Zimbabwe three days after closing on its fully unde...Published: 27 Mar 2015 at 07:27hrs | | by Staff reporter
Telecel International executives jet in
Telecel International (TI) executives are in Zimbabwe to discuss the fate of its local unit following government threats to shut down the mobile operator.This also comes as two of Empowerment ...Published: 15 Mar 2015 at 09:36hrs | 4 | by Staff reporter
Scam to overvalue Telecel exposed
A Scam to overvalue Telecel Zimbabwe has been exposed amid reports that the company is practically bankrupt with no ability to meet its short-term and long-term liabilities. In addition, t...Published: 06 Mar 2015 at 08:02hrs | | by Staff reporter
Telecel drams takes another twist
SOME shareholders of the Empowerment Corporation, a 40 percent shareholder in Telecel Zimbabwe, say there was no agreement between EC and Brainworks Capital regarding the sale of EC's stake in the cou...Published: 03 Mar 2015 at 11:47hrs | | by Business Reporter
Jane Mutasa bid to stop Telecel EGM fails
Key shareholder Dr Jane Mutasa's bid to stop the Extraordinary General Meeting to sanction the sale of Empowerment Corporation (Private) Limited's 40 percent stake in Telecel Zimbabwe (Private) Limite...Published: 27 Feb 2015 at 16:33hrs | | by Tawanda Musarurwa
Dr James Makamba opens up on Telecel debacle
The current problems hogging Telecel Zimbabwe are a result of numerous re-constitutions of the Empowerment Corporation (EC) during the company's formative stages, EC and Telecel Zimbabwe board chair D...Published: 27 Feb 2015 at 16:29hrs | | by Staff reporter
Chiyangwa sensationally claims ownership of 40% Telecel shareholding
FOUNDING Telecel shareholder Dr Phillip Chiyangwa is sensationally claiming ownership of a significant stake in the Empowerment Corporation (EC) - which has 40 percent shareholding of Telecel Zimbabwe...Published: 22 Feb 2015 at 09:11hrs | | by Staff reporter
Telecel Zimbabwe will not be forced to close
GOVERNMENT - through the Ministry of Information Communication Technology, Postal and Courier Services - has effectively cancelled the agreement that has allowed Telecel Zimbabwe to operate, but it wi...Published: 22 Feb 2015 at 08:16hrs | | by Staff reporter
Makamba calls off Telecel-Brainworks deal
Empowerment Corporation Private Limited shareholders have buried the hatchet with company chairperson James Makamba calling off a Friday extra ordinary general meeting and subsequent deal to sell ...Published: 20 Feb 2015 at 08:54hrs | | by Staff reporter
Telecel war: Judge suspends sale
The Extraordinary General Meeting to sanction the sale of Empowerment Corporation (Private) Limited's 40 percent stake in Telecel Zimbabwe (Private) Limited will not go ahead as planned until the Hig...Published: 17 Feb 2015 at 08:47hrs | | by Fidelis Munyoro
Mugabe nephew's rise to Telecel CEO blocked
The intended elevation of President Robert Mugabe's nephew, Patrick Zhuwao, to the post of chief executive officer of mobile cellular network firm Telecel Zimbabwe, has been put on hold by the High C...Published: 16 Feb 2015 at 05:42hrs | | by Staff reporter
Jane Mutasa bids to bar Mugabe's nephew, sues Makamba
Telecel Zimbabwe co-director and shareholder Jane Mutasa has filed an urgent chamber application at the High Court seeking to bar an extraordinary general meeting which is set to elevate President Ro...Published: 11 Feb 2015 at 06:39hrs | | by Staff reporter
Bob Diamond to organise bonds for Mugabe's government
The former CEO at Barclays UK, who resigned in 2012 after the bank was fined a record amount for trying to manipulate lending rates, is set to organize a bond worth millions to help the broke Mug...Published: 05 Apr 2014 at 16:03hrs | | by Tererai Karimakwenda
Zimbabwean company to advise Bob Diamond's fund
A Zimbabwean private equity firm Brainworks Capital has been appointed as one of the key financial advisors to the $325 million Atlas Mara investment vehicle.Atlas Mara is a banking investment...Published: 19 Dec 2013 at 04:00hrs | | by Staff reporter
Kasukuwere speaks on Brainworks deal
Youth Development, Indigenisation and Economic Empowerment Minister, Saviour Kasukuwere told parliament the deal struck between his ministry and Brainworks, a consultant firm on indigenisation, was ...Published: 06 Jun 2013 at 05:53hrs | | by Staff reporter
Gono has unleashed the Anti-Corruption body to scuttle indigenisation of banks
If like most rational people you believe that everything happens for a reason, then you must be among the many who are wondering about the reasons behind the unprocedural, illegal and unlawful actions...Published: 18 Mar 2013 at 05:24hrs | 1 | by Prof Jonathan Moyo
Attempts to scuttle indigenisation
If there is one perennial truth about revolutionary processes, such as the current indigenisation reform programme, it is that they typically endure bruising challenges during which some battles may b...Published: 03 Mar 2013 at 07:09hrs | | by Pro Jonathan Moyo
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