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NGOs told to adhere to Zimbabwe laws
Non-governmental organisations (NGOs) in Zimbabwe must adhere to the country's laws and regulations in order to avoid tensions with the government, a senior official has advised.Simon Masanga,...Published: 15 Nov 2024 at 08:41hrs | 391 | by Staff reporter
Mnangagwa takes 238 people to UN climate summit
Zimbabwe's President Emmerson Mnangagwa has drawn scrutiny after bringing a delegation of 238 people to the United Nations Climate Change Conference (COP29) in Baku, Azerbaijan. According to data from...Published: 14 Nov 2024 at 13:19hrs | 582 | by Staff reporter
Foreign funded CSOs rail at govt over PVOs Bill
The government has faced intense criticism for fast-tracking the controversial Private Voluntary Organisations (PVOs) Amendment Bill, bypassing key input from Zimbabwe's civil society organisations (C...Published: 08 Nov 2024 at 07:08hrs | 162 | by Staff reporter
Nkosana Moyo wants Zimbabwe to adopt US's coined rules based society
Nkosana Moyo, founder and executive chairperson of Minds, has emphasized the urgent need for a rule-based society to effectively address Zimbabwe's political and socio-economic challenges. He made the...Published: 01 Nov 2024 at 06:39hrs | 650 | by Staff reporter
'Projected Trump victory driving demand for dollars'
Increasing belief on the financial markets that Donald Trump will win the US presidential election next month has been strengthening the dollar, Bloomberg has reported, citing British multinational ba...Published: 25 Oct 2024 at 13:45hrs | 563 | by Staff reporter
Unethical practices stall Zimbabwe's development
Experts have identified unethical practices and insufficient corporate governance structures as significant contributors to Zimbabwe's underdevelopment. This observation was made during the inaugural ...Published: 07 Oct 2024 at 08:06hrs | 238 | by Staff reporter
Kudenga, Masunda bid to grab Oliver Chidawu's estate flops
Attempts by chartered accountant Ngoni Kudenga and former Harare Mayor Muchadeyi Masunda to grab late former Harare Metropolitan Affairs and Devolution minister Oliver Chidawu's estate have been stopp...Published: 05 Oct 2024 at 12:09hrs | 488 | by Staff reporter
Mnangagwa's SONA headache
President Emmerson Mnangagwa is set to deliver his State of the Nation Address (SONA) today, facing mounting public discontent over a deepening currency crisis, soaring living costs, widespread hunger...Published: 02 Oct 2024 at 07:53hrs | 929 | 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 | 44604 | by Staff reporter
ZSE outshines VFEX in wealth creation
The Zimbabwe Stock Exchange (ZSE) has emerged as the preferred investment destination for those seeking wealth creation, surpassing the foreign currency-denominated Victoria Falls Stock Exchange (VFEX...Published: 26 Sep 2024 at 13:37hrs | 62 | by Staff reporter
Chiwenga warns of Zimbabwe corruption as a security threat
Vice-President Constantino Chiwenga has issued a stark warning that corruption has evolved into a security threat that undermines the rule of law and erodes public trust in both private and public ins...Published: 20 Sep 2024 at 08:02hrs | 2408 | by Staff reporter
Chiwenga calls for good corporate governance
Vice President Dr. Constantino Chiwenga has called on business leaders to maintain the highest standards of corporate governance and transparency to promote private sector growth and strengthen Zimbab...Published: 20 Sep 2024 at 07:49hrs | 110 | by Staff reporter
Chiwenga to headline governance conference
Vice-President Dr. Constantino Chiwenga is set to deliver the keynote address at the 2024 Chartered Governance and Accountancy Institute of Zimbabwe (CGAIZ) Annual Conference, taking place in Victoria...Published: 11 Sep 2024 at 08:42hrs | 170 | 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 | 499 | by Staff reporter
Standard Chartered Bank Zimbabwe changes name
FBC Holdings has officially renamed its newly acquired Standard Chartered Bank to FBC Crown Bank, according to regulatory authorities. FBC Crown Bank will function semi-autonomously as a subsi...Published: 04 Aug 2024 at 15:19hrs | 1140 | by Staff reporter
ZiG acceptance grows across Zimbabwe economy
The Reserve Bank of Zimbabwe (RBZ) has observed a growing acceptance of the local currency, ZiG, by both businesses and individuals, which aligns with the central bank's efforts to stabilize the econo...Published: 24 Jul 2024 at 08:54hrs | 2080 | by Staff reporter
ConCourt nullifies SC ruling on former NSSA boss
Former National Social Security Authority chairman Robin Vela received a reprieve when the Constitutional Court overturned a Supreme Court ruling that upheld an audit report by BDO Chartered Accountan...Published: 27 Jun 2024 at 06:43hrs | 1 | by Staff reporter
Zimbabwean accountant dumps Mzansi celebrity wife
South African singer Busisiwe "Bucie" Nqwiliso is heading for divorce from her husband, Zimbabwean chartered accountant Lucky Nhlanhla Nkomo. Married since 2016, the couple, who have three chi...Published: 21 Jun 2024 at 11:10hrs | 76 | 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 | 27 | by Staff reporter
RBZ governor to unpack MPS in Bulawayo
The Zimbabwe Independent, in partnership with the Reserve Bank of Zimbabwe (RBZ), will tomorrow host an event in Bulawayo to unpack the 2024 Monetary Policy Statement (MPS).Other partners incl...Published: 16 Apr 2024 at 07:58hrs | 1 | by Staff reporter
Zimbabwe currency crisis: Time to face the truth
THERE is, of course, no such thing as "a shortage of foreign currency".In open and disciplined markets, all that such a claim reflects is an over-valued local currency, whose managers resist t...Published: 07 Apr 2024 at 10:26hrs | 1 | by Obert Nyandoro
US$15,000 bribe demand haunts top officials
The Public Accountants and Auditors Board (PAAB)'s secretary and the acting deputy secretary are at the centre of a corruption scandal involving the registration of a new audit firm.The PAAB i...Published: 31 Mar 2024 at 15:22hrs | 3 | by Staff reporter
Mnangagwa regime doing the work of US sanctions in Zimbabwe!
My own views on this sanctions issue have always been that we needed to prove these measures were the cause of our suffering. I have never denied that there have been targeted sanctions impose...Published: 06 Mar 2024 at 23:01hrs | 5 | by Tendai Ruben Mbofana
Seized Russian fertiliser consignment finally arrives
ABOUT 10 000 tonnes of fertiliser, which are part of the 26 000-tonne consignment from Uralchem Group, a leading Russian agrochemical producer, have arrived in Zimbabwe.Uralchem pledged close ...Published: 25 Feb 2024 at 07:11hrs | | by Staff reporter
Security firm boss in US$1m fraud
SPARTAN Security company boss Luka Fabris has been dragged to court over a US$1 million botched cattle ranching deal.Fabris who was represented by Musindo Hungwe and Joseph Nemaisa appeared be...Published: 21 Feb 2024 at 07:19hrs | | by Staff reporter
Deloitte exits Zimbabwe as management leads buyout
Deloitte, one of the world's big four accountancy firms, is leaving its Zimbabwe business and senior partners will buy out the unit.The Zimbabwe practice will exit the Deloitte network by Octo...Published: 15 Feb 2024 at 10:15hrs | | 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 | 1 | by Staff reporter
Accident prone InterAfrica scoop transport award
TWO of the country's leading transporters, InterAfrica and CAG Travellers Coaches have bagged awards for best Transport Solution and Management Project.The prestigious awards organised by Char...Published: 12 Dec 2023 at 05:54hrs | 10 | by Staff reporter
Russia ships 23 000t of fertiliser to Zimbabwe
RUSSIA's giant fertiliser manufacturing company, Uralchem Group, is in the process of shipping 23 000 tonnes of humanitarian fertiliser to Zimbabwe to complement the country's efforts to boost food an...Published: 12 Dec 2023 at 05:52hrs | 8 | by Staff reporter
Mnangagwa names business associate as new RBZ governor
FBC Holdings CEO John Mushayavanhu, a business associate of President Emmerson Mnangagwa, will become governor of the central bank from May 1, 2024, the presidency announced on Friday.Current ...Published: 08 Dec 2023 at 20:52hrs | 10 | by Staff reporter
Zimbabwe central bank fails to pay Equatorial Guinea debt for 40MW solar project
The Reserve Bank of Zimbabwe (RBZ) has reportedly failed to fulfill part of its debt to Equatorial Guinea for a local investment in a 40MW solar project in Bwoni Village, Seke District, according to i...Published: 08 Dec 2023 at 05:39hrs | 9 | 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 | 11 | by Staff reporter
Cyril Ramaphosa won't act on rand-fixing banks
President Cyril Ramaphosa will not act against the banks over rand fixing, according to Unisa Professor Boitumelo Senokoane.Senokoane, who joins the popular narrative that the president's stro...Published: 27 Nov 2023 at 16:35hrs | 8 | by Sifiso Mahlangu
Fastjet suspends Victoria Falls-Maun route due to low bookings
Zimbabwe's low-cost airline, Fastjet, has suspended its flights from Victoria Falls to Botswana's tourism capital, Maun, just a year after launching the then seemingly lucrative route in June 2022....Published: 23 Nov 2023 at 05:38hrs | 2 | by Staff reporter
RBZ approves FBC acquisition of StanChart
THE Reserve Bank of Zimbabwe (RBZ) has approved FBC Holdings Limited's (FBCHL) purchase of Standard Chartered Bank Zimbabwe Limited (SCBZL), making it one of the biggest banks in the country.A...Published: 15 Nov 2023 at 05:12hrs | 8 | by Staff reporter
Edgars sidelines Matebeleland executives
Two executive directors at the clothing maker and retailer Edgars Stores have tendered their resignations, effective today, as part of sweeping changes initiated by the new majority shareholder, Mauri...Published: 31 Oct 2023 at 05:51hrs | 1 | by Staff reporter
Edgars CEO controversially booted out
EDGARS Stores Limited has announced the resignation of its group chief executive officer, Ms Tjeludo Ndlovu, effective tomorrow, Tuesday. The company's Group Chief Finance Officer, Ms Happiness Vundla...Published: 31 Oct 2023 at 05:38hrs | 25 | by Staff reporter
Mnangagwa assents to first private member Act
President Mnangagwa has assented to the Institute of Chartered Loss Control and Private Security Act, the first private member initiated law in recent years after it successfully sailed through Parlia...Published: 31 Oct 2023 at 05:35hrs | 1 | by Staff reporte
EU blocks Zimbabwe fertiliser consignment
The European Union (EU) has halted the delivery of approximately 23,000 tonnes of fertiliser donated by Russia to Zimbabwe, as part of its broader blockade on Russian agricultural exports in response ...Published: 29 Oct 2023 at 12:27hrs | | by Staff reporter
Zimbabweans urged to be confident in themselves
Zimbabwe's Minister of Higher and Tertiary Education, Innovation, Science, and Technology Development, Amon Murwira, encouraged Zimbabweans to have faith in their abilities, focus on the future, and c...Published: 24 Oct 2023 at 06:03hrs | 1 | by Staff reporter
Alinial partnering Zimbabwean schools through comprehensive ICT solutions to schools management
Alinial Chartered Accountants Zimbabwe will be the first local Advisory Service Firm in the country to introduce a locally customized School Management ERP System to schools both public and priv...Published: 23 Oct 2023 at 15:12hrs | 6 | by Paul Ndou
Zimbabwe's govt to privatise 20 enterprises under Mutapa
The government is considering removing the public entity status of the 20 State-owned enterprises (SOEs) that fall under the Mutapa Investment Fund, leading to debates regarding their procurement exem...Published: 03 Oct 2023 at 06:21hrs | | by Staff reporter
Zimra ramping up efforts to combat revenue leakage and corruption
Zimbabwe Revenue Authority (Zimra) is ramping up efforts to modernize its systems to combat revenue leakage and corruption, according to a report by Standardbusiness.Income leakages and corrup...Published: 01 Oct 2023 at 14:34hrs | 2 | by Staff reportetr
Mthuli Ncube says Zimbabwean's economy is booming
Finance and Investment Promotion Minister, Mthuli Ncube, has stated that Zimbabweans should embrace the current favorable economic conditions, emphasizing that the country's economy is thriving....Published: 19 Sep 2023 at 06:31hrs | 1 | 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 | 9 | by Staff reporter
Mnangagwa's US$700k splurge on Chinese private jet for Russia trip
President Emmerson Mnangagwa hired a private jet from China to fly him to Russia on Tuesday at an estimated cost of nearly US$700,000.Mnangagwa, attending the Russia-Africa summit in St Peters...Published: 26 Jul 2023 at 19:45hrs | 1 | by Staff reporter
Zimbabwe in unchartered waters
REPORTS that members of the Zimbabwe National Army in complete military uniform distributed ruling Zanu-PF party regalia on the sidelines of President Emmerson Mnangagwa's rally in Centenary, Mashonal...Published: 24 Jul 2023 at 06:47hrs | | by Staff reporter
7 armed robbers wanted for high profile cases
SEVEN suspected armed robbers who are on police's most wanted list for committing a spate of high profile criminal cases countrywide are believed to be operating and hiding in South Africa where most ...Published: 05 Jul 2023 at 07:12hrs | 1 | by Staff reporter
Why Mnangagwa failed to improve Zim's economic prospects
IT is now more than five years since President Emmerson Mnangagwa assumed power with a mandate from his backers to improve the country's economic fortunes, the nemesis of his predecessor, Robert Gabri...Published: 29 Jun 2023 at 06:29hrs | 10 | by Martin Majaji
12 Zanu-PF activists up for violence
TWELVE Zanu-PF activists in Lambamai area, Insiza in Matebeleland South province, appeared in court last week facing a public violence charge after they allegedly harassed opposition Zimbabwe Coalitio...Published: 27 Jun 2023 at 06:42hrs | | by Staff reporter
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