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Former soldier loses pension in fraud scheme by ex-colleague
A former Zimbabwe National Army (ZNA) member, Forward Mapfunde of Warren Park D in Harare, is counting significant losses after his pension funds were fraudulently stolen by a former colleague who ret...Published: 21 Jun 2025 at 09:48hrs | 255 | by Staff reporter
ZBFH to surrender building society licence by year-end
Financial services group ZB Financial Holdings (ZBFH) has announced its intention to comply with the Reserve Bank of Zimbabwe's (RBZ) conditions to surrender the licence of its building society unit b...Published: 11 Jun 2025 at 08:40hrs | 127 | by Staff reporter
CABS renews US$40m facility to support the Zimbabwe economy
The Central Africa Building Society (CABS), a member of Old Mutual Zimbabwe, has reaffirmed its commitment to driving economic development and social impact across Zimbabwe, following the release of i...Published: 21 Apr 2025 at 09:03hrs | 272 | by Staff reporter
Banks smile all the way to the bank, while depositors bear cost of high fees
Shareholders in Zimbabwe's banking sector are enjoying robust returns on their investments, as banks continue to post strong profits and declare sizeable dividends. However, concerns are mounting amon...Published: 13 Apr 2025 at 09:46hrs | 637 | by Staff reporter
Zimbabwean banks face backlash over excessive charges
Zimbabwe's banking sector is celebrating strong financial results, with shareholders across financial institutions enjoying substantial dividend payouts following another profitable year. However, the...Published: 06 Apr 2025 at 11:26hrs | 380 | by Staff reporter
Zinara unveils stricter clampdown on errant motorists
The Zimbabwe National Road Administration (ZINARA) has announced plans to enhance compliance initiatives, including licensing at tollgates, as part of its goal to license one million vehicles by the e...Published: 03 Apr 2025 at 18:46hrs | 1597 | by Staff reporter
Zimbabwe secures US$20 million to construct 120 schools
The Ministry of Primary and Secondary Education has secured US$20 million from international partners, with additional funding from the Treasury, as the Government aims to construct 120 new schools an...Published: 03 Mar 2025 at 12:32hrs | 144 | by Staff reporter
Corporate Raiding Plot Unraveling: Nssa and RTG Directors Meet to Tackle Manipulation of Share Prices and Takeover Attempt
NATIONAL Social Security Authority (Nssa) and Rainbow Tourism Group (RTG) directors and management executives are set to meet today to deal with the plot to take over the tourism and hospitality giant...Published: 25 Feb 2025 at 13:16hrs | 364 | by NewsHawks
Crisis meeting over RTG alleged takeover plot
Directors and senior executives from the National Social Security Authority (NSSA) and Rainbow Tourism Group (RTG) are set to meet today in an urgent bid to address a suspected plot to manipulate the ...Published: 24 Feb 2025 at 09:25hrs | 1668 | by Staff reporter
NSSA chairman embroiled in underhand Rainbow Tourism Group takeover bid
NATIONAL Social Security Authority (Nssa) chairman Emmanuel Fundira, who is former chairman of African Sun Limited, and an ex-Rainbow Tourism Group (RTG) senior executive Paula January are accused of ...Published: 18 Feb 2025 at 20:01hrs | 1543 | by NewsHawks
Zanu-PF chair riled by policemen
Zanu-PF provincial chairperson for Bulawayo, Jabulani Sibanda, last week reprimanded police officers for failing to show respect during the national anthem at the groundbreaking ceremony for the civil...Published: 22 Oct 2024 at 08:01hrs | 642 | by Staff reporter
Zimbabwe govt launches major housing project in Matabeleland North
In a significant step toward its goal of providing affordable housing for all citizens, the Zimbabwean government has launched a new housing project in Emthunzini Township, Matabeleland North Province...Published: 19 Oct 2024 at 12:05hrs | 6007 | by Staff reporter
Kumalo appointed as new chairperson
Zimplow Holdings Limited has appointed Benjamin Nkosentya Kumalo as its new chairperson, effective July 31, 2024, following the resignation of Godfrey Tsikayi Manhambara at the end of July. ...Published: 21 Aug 2024 at 07:21hrs | 509 | by Staff reporter
Ex-NSSA boss cleared over US$31m loot
The State has withdrawn charges against Elizabeth Chitiga, former general manager of the National Social Security Authority (NSSA), who had been accused of criminal abuse of office involving US$31 mil...Published: 30 Jun 2024 at 18:28hrs | 8 | by Staff reporter
CBZ opens Johannesburg office
CBZ Bank Limited, a wholly-owned subsidiary of the diversified and listed financial services group CBZ Holdings (CBZH), has opened a new office in Sandton, Johannesburg, South Africa.CBZH prov...Published: 12 Feb 2024 at 13:53hrs | 24 | by Staff reporter
Zimbabwe: African Development Bank approves $25 million trade finance line of credit for Central Africa Building Society
The Board of Directors of the African Development Bank Group (www.AfDB.org/en) has approved a $25 million trade finance line of credit facility to the Central Africa Building Society of Zimbabwe, to b...Published: 20 Dec 2023 at 22:34hrs | 49 | by APO
Mthuli Mthuli gives in to MPs' demands
FINANCE minister, Mthuli Ncube, has been forced to increase the budget allocation for Parliament to curry favour with legislators after they threatened not to pass his 'anti-poor' budget.Membe...Published: 20 Dec 2023 at 06:13hrs | 12 | by Staff reporter
Zanu-PF MPs press Mthuli Ncube to raise their salaries
Zanu-PF MPs pressed finance minister Mthuli Ncube to raise their salaries and commit to give them houses and Toyota Land Cruisers before passing his budget on Thursday.Comparing themselves to ...Published: 16 Dec 2023 at 17:38hrs | 22 | by Staff reporter
Mnangagwa tightens his grip on levers of Zimbabwe's Treasury
WITH his close business ally John Muyashavanhu now confirmed as the incoming Reserve Bank of Zimbabwe (RBZ) governor, George Guvamatanga as Finance permanent secretary — chief accounting officer of ...Published: 12 Dec 2023 at 17:58hrs | 4 | by Staff reporter
Mnangagwa protects judge facing a series of corruption scandals
SOMETIME in February The NewsHawks reported that the Judicial Service Commission (JSC) had recommended that President Emmerson Mnangagwa must set up tribunals to investigate High Court Justices Webste...Published: 13 Nov 2023 at 21:25hrs | 23 | by Staff reporter
NSSA is a vehicle for enriching the powerful whilst exploiting the poor!
I already knew that Zimbabwe was hell and a living nightmare for the vast majority of the ordinary citizenry.I was also fully aware that the powerful were the only ones getting richer and rich...Published: 15 Oct 2023 at 09:49hrs | 1 | by Tendai Ruben Mbofana
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 | 17 | by Staff reporter
Diaspora should plan for post-Zanu-PF era
LAST week Wednesday was yet another heart-breaking day for me as I made my way through Robert Gabriel Mugabe International Airport to catch my flight.Many people, who came to greet me at the a...Published: 18 Jul 2023 at 06:22hrs | 1 | by Hopewell Chin'ono
Mnangagwa's integrity continues facing a litmus test
PRESIDENT Emmerson Mnangagwa's integrity continues facing a litmus test with him violating his constitutional obligation to establish a tribunal to investigate the suitability of Justice Webster China...Published: 16 Jul 2023 at 13:54hrs | 17 | by Staff reporter
Give that US$1 billion to your people Kasukuwere: MRP leader
MTHWAKAZI Republic Party Mqondisi Moyo has lashed out at former cabinet minister Saviour Kasukuwere following his promise to have a US$1 billion budget for Gukurahundi.He said Kasukuwere...Published: 12 Jul 2023 at 13:00hrs | 18 | by Stephen Jakes
ZB moves to lay off excess staff
ZB Financial Holdings Limited (ZBFHL) will be shedding some of its staff via a recently completed voluntary disengagement scheme, after reporting a rise in staffing costs of over 100% last year....Published: 30 May 2023 at 06:46hrs | 1 | by Staff reporter
A critical review of Al Jazeera's Gold Mafia documentary
APRIL, famously characterised as "the cruellest month" by distinguished poet and literary critic TS Eliot in his critically acclaimed essay "The Wasteland" - not because its first day celebrates fools...Published: 28 May 2023 at 17:07hrs | 6 | by Jonathan Moyo
Mnangagwa in spotlight over the massive Nssa corruption
THE National Social Security Authority (Nssa) has presented its forensic audit which unearths corruption and names individuals implicated in the pensions fund's latest scandals to the Office of the Pr...Published: 22 May 2023 at 08:11hrs | 7 | by Staff reporter
BCC plans Renkini revamp
BULAWAYO City Council (BCC) is considering the redevelopment of Renkini Long Distance Bus Terminus and has since engaged a consultancy firm to conduct a feasibility study to assess the viability of th...Published: 05 May 2023 at 06:15hrs | 6 | by Staff reporter
Political plot to corrupt Zimbabwe's judiciary?
CORRUPT government officials are maneuvering to manipulate an anticipated investigation into allegations of misconduct and corruption against High Court judge Webster Chinhamora as he is seen to be pr...Published: 02 Apr 2023 at 11:12hrs | 4 | by Staff reporter
Residents fume over substandard NBS houses
RESIDENTS of Gillingham Estate in Harare's Dzivarasekwa high-density suburb have threatened court action against the National Buildings Society (NBS) after they were sold substandard housing units....Published: 15 Mar 2023 at 06:44hrs | 1 | by Staff reporter
BCC to blame for Bulawayo decay
ZANU-PF Bulawayo Provincial chairman, Jabulani Sibanda has slammed Bulawayo City Council (BCC) for lacking a clear forward planning strategy, a situation that he said has immensely contributed to the ...Published: 06 Mar 2023 at 05:17hrs | 13 | by Staff reporter
'1987 Unity Accord brought peace!' Shut up! It brought capitulation and the de facto dictatorship
It is a matter of public record that Bishop Nehemiah Mutendi of Zion Christian Church (ZCC) is one of Zimbabwe's many church leaders who have received far...Published: 26 Jan 2023 at 00:18hrs | | by Wilbert Mukori
Bishop Mutendi calls for peace ahead of elections
ZION Christian Church (ZCC) leader, Bishop Nehemiah Mutendi has implored churches to play a leading role in promoting peace and unity in the nation as the country heads towards this year's harmonised ...Published: 25 Jan 2023 at 10:31hrs | 2 | by Staff reporter
Norsad Capital provides CABS Zimbabwe with a Medium-term Credit facility of USD10 million
Norsad Capital, an impact investor, and private creditor provider, offering tailor-made debt solutions to mid-market growth companies in Sub-Saharan Africa, has provided Central Africa Building Societ...Published: 21 Nov 2022 at 09:51hrs | 9 | by Agencies
Zimbabwe's housing backlog shoots to 2 million
ZIMBABWE'S housing backlog in urban areas has shot up to two million from around 1,5 million reported in February, NewsDay has learnt.Revealing the figure on Monday in Harare, National Housing...Published: 16 Nov 2022 at 05:15hrs | 3 | by Staff reporter
Zanu-PF 'overruns' NBS housing event
COMMISSIONING of 600 National Building Society (NBS) houses in Dzivarasekwa, Harare, was yesterday turned into a Zanu-PF campaign rally.Zanu-PF supporters were bussed to the venue despite that...Published: 15 Nov 2022 at 04:52hrs | 1 | by Staff reporter
Villagers lose land to bank
VILLAGERS in Mudereri, Zvishavane, have lost part of their land to FBC Building Society after it was sold to the bank by the rural district council.It is alleged that the bank has started deve...Published: 09 Nov 2022 at 05:12hrs | 2 | by Staff reporter
200 000 graves cemetery for Bulawayo
BULAWAYO is set to have a 200 000-capacity cemetery which is expected to address the burial space shortage which has been haunting the city in recent years.The project is being implemented as ...Published: 02 Oct 2022 at 09:00hrs | 2 | by Staff reporter
ZB directors mull liquidation and surrendering licence
With three months left before year-end, it is now crunch time for ZB Financial Holdings (ZBFH), which is currently under increased pressure to recapitalise its building society within the grace period...Published: 02 Oct 2022 at 08:58hrs | 14 | by Staff reporter
NSSA awards pensioners 50pc increment
Pension payouts will be reviewed by up to 50 percent this month and be progressively adjusted in subsequent months subject to "affordability and sustainability" to cushion pensioners from price increa...Published: 21 Aug 2022 at 08:41hrs | 11 | by Staff reporter
NSSA probe widens
CORRUPTION investigations at the National Social Security Authority (Nssa), which saw general manager Arthur Manase being suspended early last month, have widened to include companies and individuals ...Published: 02 Aug 2022 at 06:47hrs | | 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 | 31 | by Staff reporter
ZB rebrands
ZB Financial Holdings has embarked on a major rebranding exercise, which will see the group adopting a new model that will centralise operations within branches as it moves to be customer-centric and ...Published: 15 Jun 2022 at 07:27hrs | 3 | by Staff reporter
Zacc investigates Nssa corruption
THE Zimbabwe Anti-Corruption Commission (Zacc) this week invaded and camped at the National Social Security Authority (Nssa) offices in Harare to investigate complaints of alleged malpractices, corrup...Published: 22 May 2022 at 11:19hrs | 53 | by Staff reporter
Government salary deductions rile civil servants
CIVIL servants are up in arms with their employer over 2.5% deductions from their salaries every month towards a loan scheme allegedly meant to benefit them.Attempts to opt out of the "forced"...Published: 21 May 2022 at 18:30hrs | 1 | by Staff reporter
The death of the Zimbabwe dollar! Where do we go from here?
I am writing from Dubai in the Middle East. One of the admirable qualities of Muslim society is their harsh treatment of malefactors. I was surprised to find that children leave their bicycles outside...Published: 01 May 2022 at 11:19hrs | 1 | by Kenneth Mufuka
RBZ tells banks to shape up or ship out
BANKING sector experts have thrown their weight behind the Reserve Bank of Zimbabwe (RBZ)'s move to tighten screws on operators that fail to comply with new minimum capital requirements, which came in...Published: 18 Feb 2022 at 05:34hrs | 1 | by Staff reporter
RBZ comes hard on bank shareholders
SHAREHOLDERS at financial institutions that have failed to meet new minimum capital requirements will forgo dividends until their firms comply with the central bank's directives, the Reserve Bank of Z...Published: 08 Feb 2022 at 05:37hrs | 3 | by Staff reporter
Hwange Units 7 and 8 to displace 636 families
THE Zimbabwe Power Company Hwange 7 and 8 electricity expansion project will affect 636 families in Ingangula township in Hwange, instead of the 90 stated earlier.Project manager Forbes Chanak...Published: 03 Feb 2022 at 05:40hrs | 2 | by Staff reporter
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