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Zanu-PF to splash cash on 174 cars
ZANU-PF, Zimbabwe's ruling party, is set to make a significant investment in its transportation fleet, planning to purchase 174 new twin and single cab vehicles. This move, revealed in the party's 202...Published: 03 Nov 2024 at 10:22hrs | 4605 | by Staff reporter
CABS bank manager accused of stealing depositors' funds
A manager at the CABS Highlands branch, Raymond Chikonyora, faced court last week on serious charges related to the unauthorized withdrawal of funds from clients' accounts. The allegations have raised...Published: 03 Nov 2024 at 10:17hrs | 4603 | by Staff reporter
100 Zimbabwean women captured into U.S entrepreneurship program
The U.S. Embassy in Zimbabwe has selected 100 women for training through the Academy for Women Entrepreneurs (AWE), a program aimed at fostering entrepreneurship and economic growth. The init...Published: 27 Aug 2024 at 08:13hrs | 765 | by Staff reporter
Mpofu, Chimombe US$7.7m goat scam trial set for October
THE trial of Harare businessmen, Mike Chimombe and Moses Mpofu, who are facing US$7,7 million fraud charges emanating from the Presidential Goats Scheme, has been set for October 1 to 4 at the High Co...Published: 09 Aug 2024 at 07:55hrs | 268 | by Staff reportrer
How Zanu-PF linked businessmen squandered money for presidential goats
ZANU-PF-linked businessmen Mike Chimombe and Moses Mpofu have come under scrutiny following revelations from an internal Zimbabwe Anti-Corruption Commission (Zacc) report dated June 7, 2024. The repor...Published: 21 Jun 2024 at 11:26hrs | 1 | by Staff reporter
American Chamber of Commerce appoints Dudu Shinya as Executive Director
The American Chamber of Commerce in Zimbabwe (AmCham Zimbabwe) has announced the appointment of Duduzile Shinya as its new Executive Director. Duduzile is a Fellow Chartered Accountant of Zimb...Published: 12 Jun 2024 at 20:18hrs | 25 | by Staff reporter
New currency without public confidence won't solve crisis
The government of Zimbabwe through the Reserve Bank of Zimbabwe (RBZ) has launched a new currency, which it calls the Zimbabwe Gold (ZiG).We have been here before and it is key to understand i...Published: 07 Apr 2024 at 10:29hrs | | by Mlondolozi Ndlovu
Zimbabwean man wins US$1m loan court challenge
A HARARE man has won a US$1 million Supreme Court loan challenge after a local company that he loaned US$900 000 tried to repay the loan in local currency.The applicant Brian Rodney Baron had ...Published: 19 Mar 2024 at 12:58hrs | 1 | by Staff reporter
Card cloners in court
SIX suspected card cloners yesterday appeared in court after they were arrested while in possession of instruments used in the commission of the offence.The suspects — Fungal Samurewo (35), ...Published: 11 Mar 2024 at 19:25hrs | 5 | by Staff reporter
Zimbabwe to clampdown on imported vehicles
Government has begun mandatory inspections of all imported second-hand vehicles as part of broader assessments to curb the importation of substandard goods into the country.The scope of the ch...Published: 03 Mar 2024 at 08:45hrs | | 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 | 19 | by APO
New taxes on luxury vehicles take effect
The new surcharge increasing the duty on luxury cars, double cabs and SUVs valued at more than US$120 000 is now law and comes into effect on January 1.Commercial and industrial vehicles and v...Published: 15 Dec 2023 at 07:21hrs | 1 | by Staff reporter
Econet defrauded
A CHITUNGWIZA man appeared before magistrate Apollonia Marutya yesterday charged with three counts of defrauding Econet Wireless of US$ 5 291.Clever Manhombo (40) was remanded in custody...Published: 07 Dec 2023 at 05:30hrs | 9 | 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 | 9 | by Staff reporter
ZIMRA advises visitors on temporary importation of vehicles
Ahead of the festive season, the Zimbabwe Revenue Authority has restated the conditions for the temporary import of vehicles by visitors into the country to avoid delays and difficulties at the border...Published: 10 Nov 2023 at 06:39hrs | 7 | by Staff reporter
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 | 8 | by Staff reporter
Rogue traffic enforcers undermining business in Zimbabwe
FORMERLY known as an opulent suburb, Harare's Borrowdale area is gradually transforming into a commercial hub, not only for the city but the entire Zimbabwe.With its peace and flamboyance, Bor...Published: 23 Jul 2023 at 08:34hrs | | by Staff reporter
Zimbabwe civil servants smile all the way to the bank
Civil servants smiled all the way to the bank yesterday as they started receiving along with the normal salary and allowances, a newly increased forex component of US$50 plus an additional local curre...Published: 19 Jul 2023 at 06:38hrs | 6 | 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 | | 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 | 7 | 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$1 billion budget for Gukurahundi.He said Kasukuwere...Published: 12 Jul 2023 at 13:00hrs | 11 | by Stephen Jakes
ConCourt backs RBZ on US dollar conversion
The 2018 decision by the Reserve Bank of Zimbabwe (RBZ) to convert all US dollar balances in Zimbabwean bank accounts to local currency was quite constitutional the Constitutional Court ruled yesterda...Published: 01 Jun 2023 at 06:40hrs | | by Staff reporter
ConCourt sets aside RTGS/US$ High Court ruling
THE Constitutional Court (ConCourt) has set aside a landmark ruling by High Court judge Justice Joseph Mafusire who ordered CABS Bank to pay a local businessman US$142 000, which it had converted to R...Published: 31 May 2023 at 07:02hrs | | by Staff reporter
6 suspected card cloners in court
SIX suspected card cloners yesterday appeared in court after they were arrested while in possession of instruments used in the commission of the offence.The suspects — Fungal Samurewo (35), ...Published: 23 May 2023 at 06:41hrs | | by Staff reporter
Old Mutual deploys US$108 million worth of loans in Zimbabwe
Zimbabwe's largest financial services group, Old Mutual Zimbabwe, has deployed US$108m loans to different sectors of the economy.The deployment was done by the group's banking unit, CABS, CEO ...Published: 08 Apr 2023 at 18:36hrs | 2 | 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 | | by Staff reporter
The Nkulumane Complex: A sleeping giant
The Nkulumane Mall is named after Nkulumane who was King Mzilikazi's son. Nkulumane was born in Mhlahlandlela, near modern-day Pretoria in South Africa. Nkulumane was named after Kuruman, where Dr. Ro...Published: 08 Mar 2023 at 10:18hrs | 188 | by Mncedisi Nyathi
Mnangagwa's minister forced to reverse his corrupt mansion deal
PUBLIC Service minister Paul Mavima could be forced by President Emmerson Mnangagwa or top officials to reverse his corrupt US$400 000 upmarket house purchase deal in Quinnington, Borrowdale, Harare, ...Published: 05 Mar 2023 at 15:20hrs | 2 | by Staff reporter
'Zimbabwe courts cannot review monetary policy'
CABS will not pay a client US$179 000 in foreign currency, being the balance converted to local currency at the height of currency reforms in 2019, after the High Court ruled that courts have no power...Published: 01 Mar 2023 at 06:53hrs | | by Staff reporter
Judge dismisses depositor's US$179,000 debt claim from CABS
A local pensioner, Duncan Hugh Cocksedge, is counting his losses after his US$179,000 bank balance which was being held in a CABS account was wiped out after being wholly converted to local currency t...Published: 28 Feb 2023 at 19:53hrs | | by Staff reporter
Open Letter: Mine loses millions worthy of diamonds as workers engage in illicit diamond panning
Dear, Some "lucky" Murowa Diamonds Mine workers have become rich overnight after a well-orchestrated and carefully executed diamond stealing process went on undetected for months leaving some ...Published: 26 Feb 2023 at 11:04hrs | 8 | by Concerned Murowa Resident
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 | 5 | by Agencies
Zimbabweans among four winners of 2022 Mandela social impact awards
THE Mandela Rhodes Foundation (MRF) has announced four of its award winners for its social impact award the Äänit Prize.The four winners – all of them young leaders – are focused on soci...Published: 25 Sep 2022 at 16:45hrs | | by Staff reporter
Mnangagwa's ex-convict ally implicated in Cottco scandal
GUTAI Lisa-Marie Maropafadzo of Maropafadzo Energy (Pvt) Ltd , an ex-convict close to President Emmerson Mnangagwa and his family whose company is implicated in the US$5 million Cotton Company of Zimb...Published: 28 Aug 2022 at 19:10hrs | 20 | by Staff reporter
Ex-defence official asked to explain wealth
THE National Prosecuting Authority continues to press those suspected of acquiring wealth through corruption and other criminal activity to explain how they have bought their houses and cars, with the...Published: 25 Aug 2022 at 06:31hrs | | by Staff reporter
Wadyajena fraud case opens can of worms
Zanu-PF Member of Parliament for Gokwe-Nembudziya constituency Justice Mayor Wadyajena who is accused of fraud and money laundering involving US$5,8 million appeared in court Wednesday and was remande...Published: 19 Aug 2022 at 06:48hrs | 12 | by Staff reporter
Wadyajena bought 25 trucks in US$5m Cottco scam, court hears
Justice Mayor Wadyajena, Zanu PF's Gokwe Nembudziya MP and chairman of the parliamentary committee on agriculture, siphoned millions of dollars from the Cotton Company of Zimbabwe in an elaborate scam...Published: 18 Aug 2022 at 08:01hrs | 7 | by Staff reporter
Mutsvangwa's ministry loses ZW$32m in botched car deal
THE Ministry of Information was left counting its loses after being duped by controversial government vehicle supplier, Solution Motors, in a $47m deal, a Harare court heard recently.Solution ...Published: 14 Aug 2022 at 07:23hrs | 1 | by Staff reporter
AfDB to lead Zimbabwe debt clearance roadmap
AFRICAN Development Bank (AfDB) president Dr Akinwumi Adesina has formally accepted President Mnangagwa's request to lead Zimbabwe's debt clearance strategy, which is key for Harare to unlock fresh fu...Published: 13 Jul 2022 at 07:17hrs | 7 | by Staff reporter
CCC running out of time
The main opposition party Citizen Coalition for Change (CCC) is running out of time to mobilise resources ahead of the 2023 harmonised elections.While the party is appealing to the public, thi...Published: 11 Jul 2022 at 11:13hrs | 4 | by Paul Ndou
Gwanda woman wins 2 cars at OK Grand Challenge
A 32-year-old Gwanda woman yesterday rode her luck after she won two cars at the OK Grand Challenge Jackpot Promotion final event that saw winners walking away with 47 vehicles and other prizes at Bor...Published: 05 Jun 2022 at 08:59hrs | | by Staff reporter
European Investment Bank warms up to Zimbabwe
The European Investment Bank (EIB) has availed about €40m to Zimbabwe banks within a year, which will go towards bailing out the country's SMEs and mid-cap companies, in a vote of confidence in the ...Published: 02 Jun 2022 at 09:04hrs | | 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 | | by Kenneth Mufuka
AfDB to launch new Zimbabwe fund
THE African Development Bank (AfDB) is set to unveil the Zimbabwe Fund for Transition (ZimFort) that will provide funding towards ICT, transport and agriculture sectors.ZimFort is a successor ...Published: 13 Apr 2022 at 06:40hrs | 1 | by Staff reporter
Chombo's trial deferred
THE fraud trial involving former Minister, Ignatius Chombo, in which he is being accused of duping the Reserve Bank of Zimbabwe of $14 billion, has been deferred to June pending the finalisation of a ...Published: 08 Apr 2022 at 10:13hrs | 1 | by Staff reporter
CABS surplus doubles as lending rebounds
A RISE in non-interest income as loans went up at CABS, one of the country's biggest building societies, inspired a 130% increase in surplus in inflation adjusted terms for the year to December 2021, ...Published: 31 Mar 2022 at 08:53hrs | | by Staff reporter
Voters must be wary of fly-by-night politicians
THE elderly, who were neglected during the COVID-19-induced lockdowns, have suddenly become darlings of political parties seeking votes as the country heads for the polls scheduled for March 26....Published: 08 Mar 2022 at 05:44hrs | | by Staff reporter
Chiwenga threatens to 'crush' Chamisa's CCC
Vice-President Constantino Chiwenga yesterday issued chilling threats against the opposition Citizens Coalition for Change (CCC) saying the ruling party was ready to "crush the party like lice" to pre...Published: 27 Feb 2022 at 07:38hrs | | by Staff reporter
'$5,000 withdrawal limit not enough'
DEPOSITORS have said the $5 000 weekly withdrawal limit was not enough as the amount does not meet their cash needs such as daily transport cost for members and cash rentals being demanded by landlord...Published: 10 Feb 2022 at 05:31hrs | | by Staff reporter
Impounded top-of-the-range vehicles gather dust
FAILURE to change ownership of vehicles and smuggling of cars is proving costly for some motorists as top-of-the range vehicles recently impounded by police are now gathering dust at Harare City Counc...Published: 07 Feb 2022 at 05:11hrs | | by Staff reporter
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