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SA-based Diaspora Kapita to issue US$10m bond in Zimbabwe
South Africa-based investment holding firm Diaspora Kapita (DK) is set to make waves in the Zimbabwean financial landscape as it prepares to list on the Victoria Falls Stock Exchange (VFEX) and raise ...Published: 02 Dec 2024 at 07:16hrs | 188 | 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
Zimbabwean authorities remove 7 universities from accredited list
The Zimbabwe Council for Higher Education (ZIMCHE) has announced the removal of seven universities in India and Cyprus from its official list of accredited institutions. This decision comes in the wak...Published: 12 Mar 2024 at 05:17hrs | 328 | by Staff reporter
Foreign investors ditch Zimbabwe capital markets
FOREIGN investors continue to lower their interest on the local capital markets, with investor participation on annual value traded averaging 3%, due to policy inconsistency and inflation, leading res...Published: 30 Jan 2024 at 07:47hrs | 2 | by Staff reporter
PPC consolidates shareholding in Zimbabwe unit
Cement manufacturer PPC has increased its shareholding in its Zimbabwean unit to 90% by repurchasing shares previously held by various indigenisation parties. The shares were repurchased at a price of...Published: 21 Sep 2023 at 06:16hrs | 1 | by Staff reporter
74 estate agents blacklisted over dodgy deals
The Estate Agents Council of Zimbabwe (EACZ) has blacklisted 74 real estate companies operating in parts of the country for failure to register with the council and crimes such as fleecing unsuspectin...Published: 06 Jul 2023 at 19:51hrs | 27 | by Staff reporter
Are investors in African equities poised for wins amidst global turmoil?
It has been a tumultuous first quarter of 2023, and African equities have not been spared.Global markets started the year on a very positive note, with the S&P 500 up 9.0% at its peak in e...Published: 12 May 2023 at 11:17hrs | 6 | by Rami Hajjar, portfolio manager of the Allan Gray Africa ex-SA Equity Fund
Mnagagwa's son and Mrs Tagwirei added to US sanctions list
WASHINGTON - Today, the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) designated four Zimbabwean individuals and two Zimbabwea...Published: 12 Dec 2022 at 22:40hrs | 1 | by Staff Reports
Musk 'frees' the bird
Elon Musk became Twitter Inc's owner on Thursday, firing top executives and providing little clarity over how he will achieve the lofty ambitions he has outlined for the influential social media platf...Published: 29 Oct 2022 at 20:51hrs | 1 | by Staff reporter
US, UK dismiss Zimbabwe's anti-sanctions marches
UNITED States (US) and United Kingdom (UK) yesterday rubbished anti-sanctions marches that took place on Tuesday, saying the demonstrations will not jolt them into removing them until there is rule of...Published: 27 Oct 2022 at 06:17hrs | | by Staff reporter
Zimbabwe police chief placed on US sanctions for blocking Chamisa's rallies
POLICE chiefs have been severely punished for undermining human rights in Zimbabwe and threatening democratic processes to favour the ruling Zanu-PF party, with the United States government this week ...Published: 18 Sep 2022 at 16:58hrs | | by Staff reporter
Mnangagwa's oligarchs: The heirs of Cecil Rhodes
As Zimbabwe's economy has spiralled down, with one million economic refugees in South Africa alone and ordinary people facing shortages of food, fuel, medicine and shelter, there is a class of people ...Published: 08 Feb 2022 at 18:29hrs | 1 | by Phillip van Niekerk and a Zim-based Research Team
Zimra delays Tanganda ZSE listing
TANGANDA Tea Limited's listing on the ZSE which was expected to take place on December 9 this year, has been pushed to a future date pending capital gains tax approval from the Zimbabwe Revenue Author...Published: 13 Dec 2021 at 07:04hrs | 8 | by Staff reporter
Honey Bird Kop Farm seizure takes new twist
THE ownership wrangle of Honey Bird Kop Farm has taken a new twist as the white "owner" has finally spoken out after decades of silence, the Zimbabwe Independent reported.Honey Bird Kop Farm h...Published: 03 Sep 2021 at 07:00hrs | 8 | by Staff reporter
Demolition of houses: Fixing the broken tape or mopping water from the broken tape?
The current events unfolding in the country are a clear indication that operation Murambatsvina was not an end in itself. Many houses continue to be demolished in a shocking and traumatizing way....Published: 09 Aug 2021 at 13:49hrs | | by Joseph Mvero
VFEX in dramatic rebound
THE Victoria Falls Stock Exchange (VFEX) has dramatically emerged to capture some of Zimbabwe's biggest firms, with multinationals making bold moves to step into the waterfall in the past week....Published: 11 Jul 2021 at 10:42hrs | | by Staff reporter
Faultlines exposed in Seed Co deal
RESEARCHERS at advisory firm Imara dug deep into the hyped Seed Co empire merger before the transaction sailed through early this month and their verdict could stun a market that had long accepted the...Published: 15 Feb 2021 at 07:55hrs | | by Staff reporter
Zanu-PF functionaries invade protected farm
ZANU-PF Masvingo provincial officials have grabbed a massive flourishing ranch in Chiredzi owned by an Italian national and ring-fenced under a Bilateral Investment Promotion and Protection Agreement ...Published: 12 Feb 2021 at 15:47hrs | | by Staff reporter
Big brands troop into Victoria Falls facility
A STRING of the country's big brands, including fast food outlets, has stampeded into Zimre Property Investments' Sawanga Mall in Victoria Falls, helping the top end real estate gem notch 95% occupanc...Published: 28 Dec 2020 at 07:32hrs | 1 | by Staff reporter
Demolition of houses: An insensitive and unjustified gesture
In the past years, Zimbabweans have witnessed the demolitions of houses on the grounds that the houses were built illegally. The city council is instrumental in the destruction of the structures deeme...Published: 16 Dec 2020 at 09:45hrs | 3 | by Joseph Yamikani Mvero
ZSE eyes more listings on VFEX
THE Zimbabwe Stock Exchange (ZSE) says its newly-launched Victoria Falls Stock Exchange (VFEX) has generated interest from both local and foreign companies and it is working at securing more listings ...Published: 16 Dec 2020 at 07:07hrs | | by Staff reporter
Ray Kaukonde being probed by ZACC
The legal dispute over the status of a 1 000ha farm in Goromnzi has sucked in former Mashonaland East Governor Ray Kaukonde who is now under investigation by the Zimbabwe Anti-Corruption Commission (Z...Published: 22 Sep 2020 at 06:26hrs | | by Staff reporter
Chief Ndiweni fights eviction of white farmers
THE surprise eviction of popular Ntabazinduna farmers, Brain and Carol Davies, who operate Tabas Induna Farm, has attracted the wrath of local chief, Nhlanhla Ndiweni.The couple was served wit...Published: 16 Apr 2019 at 07:06hrs | 2 | by Staff reporter
'Nduna's claims on US$2m Zamco facility false'
David Whitehead Limited has dismissed claims by Chegutu West Member of Parliament Dexter Nduna that the company was failing to account for a $2 million facility extended by the Reserve Bank of Zimbabw...Published: 25 Mar 2019 at 23:02hrs | 9 | by Staff reporter
'ZAPU still regarded a terrorist organisation'
Opposition political party, Zapu is still regarded as terrorist organisation decades after the party assisted the country in attaining its independence.The party was not delisted as a terroris...Published: 13 Nov 2018 at 17:09hrs | 6 | by Lulu Brenda Harris
Grace Mugabe battle for the control of Smithfield Farm
Grace Mugabe, previously enormously powerful until her husband Robert resigned under pressure from the military last November, called on the police to evict hordes of informal gold miners from Smithfi...Published: 08 Apr 2018 at 09:17hrs | | by IOL
Veteran miners stempede for Zimbabwe comeback
Robert Mugabe's fall as Zimbabwe president is setting the scene for the return of a London mining listing for Andrew Groves and his long-term business partner -- and former England cricketer -- Phil E...Published: 14 Feb 2018 at 07:38hrs | 2 | by Bloomberg
David Whitehead resumes operations
TEXTILE Company, David Whitehead Limited (DWTL), has resumed operations at its Chegutu factory after receiving a $2 million bailout from the Reserve Bank of Zimbabwe.The company had ceased ope...Published: 30 Jan 2018 at 05:19hrs | | by Staff reporter
Suspension of Chiyangwa's company lifted
The Zimbabwe Stock Exchange (ZSE) said it has lifted the suspension on shares of Zeco Holdings Limited it imposed last November to allow it to comply with the bourse listing requirements.T...Published: 02 Apr 2017 at 18:36hrs | | by Staff reporter
Chiyangwa pleads for ZSE relisting of Zeco
The Zimbabwe Stock Exchange has been asked to stop halting in Zeco holdings limited stocks after a plea by business Phillip Chiyangwa to allow the exchange to relist the troubled security. ...Published: 08 Dec 2016 at 07:23hrs | | by Staff reporter
Grace Mugabe orders police off her Mazowe farm
FIRST Lady Grace Mugabe has ordered the withdrawal of Police Protection Unit members from one of her Mazowe farms after four officers manning the property were caught and charged with possession o...Published: 05 Nov 2016 at 17:55hrs | | by Staff reporter
Chief, war vets throw weight behind 11 besieged white farmers
Chief Chiweshe and Mashonaland Central Province war veterans have thrown their weight behind 11 commercial white farmers facing eviction from their properties.Centenary white farmer Phillip Ra...Published: 29 Nov 2015 at 13:20hrs | | by Staff reporter
Zanu-PF MP kicked out of farm
ZANU-PF Matobo North MP Never Khanye has lost a legal battle in the fight for control of Mhlahlandlela farm which encompasses the Big Cave Camp in Matobo district. Khanye had filed another cou...Published: 01 Oct 2015 at 06:33hrs | | by Mashudu Netsianda
Chinotimba's farm takeover resisted by villagers
SCORES of angry Chipinge community members including war veterans, youths and women have joined a series of ongoing demonstrations in protest over the occupation of 164 hectares of Chihoza Farm in Dai...Published: 09 Jan 2015 at 12:33hrs | | by Luthando Mapepa
Zim economy in dire straits
THE country's economy continues to swing directionless with figures indicating that the Zimbabwe Stock Exchange (ZSE), seen as the barometer of the economy, slumping by US$642,8 million to US$4,56 bil...Published: 12 Jun 2014 at 08:25hrs | | by Fingaz
Masimirembwa loses top-of-the- range vehicle over debt
FORMER Zimbabwe Mining Development Corporation board chairman, Goodwills Masimirembwa, has had his top-of-the- range vehicle, a Toyota Land cruiser VX, attached by the deputy sheriff following failure...Published: 12 Jun 2014 at 08:18hrs | | by Staff Reporter
'Goche's intimidation of the civil servants is totally unacceptable' - MDC-T
The Morgan Tsvangirai led MDC today [Friday] said threats made this week by the Minister of Public Service, Labour and Social Welfare, Nicholas Goche against civil servants who intend to engage in...Published: 10 Jan 2014 at 11:18hrs | | by Moyo Roy
400 TN Harlequin Luxaire workers to be retrench
HOUSEHOLD furniture manufacturer and retail company TN Harlequin Luxaire, formerly Springmaster Corporation is retrenching close to 400 workers as the form is streamlining business operations....Published: 16 Dec 2013 at 08:57hrs | | by Staff Reporter
More firms to delist from the Zimbabwe Stock Exchange
MORE public listed firms could delist from the Zimbabwe Stock Exchange for the purposes of raising large sums of fresh capital as this would ensure they get higher valuation figures. Financial analyst...Published: 13 Dec 2013 at 03:06hrs | | by Business Reporters
Central Bank cancels Trust Bank's licence
THE Reserve Bank of Zimbabwe has cancelled the banking licence for Trust Bank over allegations of abuse of depositors' funds and violation of the Banking Act.This marks the second time in eigh...Published: 07 Dec 2013 at 03:11hrs | | by Staff Reporter
Zanu-PF linked tycoon sues the UK over sanctions
Business tycoon and alleged Zanu-PF ally, John Bredenkamp, has sued the British government for being responsible for putting his name on a list of targeted sanctions against the Robert Mugabe regime, ...Published: 25 Jun 2013 at 18:31hrs | | by Alex Bell
Obert Mpofu condemned for breaching the country's diamonds laws
PARLIAMENT has once again raised the red flag over the manner in which the country's diamonds are being extracted in Chiadzwa with the latest report by the legislature condemning Mines Minister Obert ...Published: 20 Jun 2013 at 22:25hrs | | by Staff Reporter
ZSE shares stutter at week's opening as Zimplow new shares commence trading
ZSE shares faltered in Monday morning trades as Zimplow Holdings new shares commenced trading on the ZSE.Zimplow Holdings shares added 1c to 4.5c on a v...Published: 11 Mar 2013 at 12:08hrs | 1 | by Business reporter
Six govt ministers struck off sanctions list
The European Union Council of Ministers meeting in the Belgian capital, Brussels has this Monday delisted six government ministers and 21 individuals from its list of those who are on travel bans impo...Published: 18 Feb 2013 at 18:04hrs | | by Staff Reporter
PPC Zimbabwe celebrates its centenary and announces expansion plans
Portland Holdings Limited (PHL), PPC's Zimbabwe subsidiary, has announced its intention to construct a new cement plant to service the Harare and central Mozambique markets. The new plant will have a ...Published: 07 Feb 2013 at 10:40hrs | 2 | by Business reporter
ZSE Market Diary:- Delta-inspired rally in Zimbabwe
The ZSE Industrials gained 4.4% to close the week at 163.3. On the Zfn board, the All Share Index was up 4.48% to 109.67 on $10.5 million trades. The Top 10 index was up 5.75% to 113.54 and it constit...Published: 21 Jan 2013 at 07:26hrs | | by Business reporter
Bulawayo lawyer delisted for improper conduct
A Bulawayo lawyer Masimba Munjanja of Munjanja and Associates has been delisted for improper conduct after he allegedly committed several cases involving abuse of trust funds and failure to properly r...Published: 03 Jul 2012 at 09:41hrs | | by Staff reporter
Partial removal of sanctions is part of the West's "divide and rule" tactic - Sikhanyiso Ndlovu
Former Information Minister Sikhanyiso Ndlovu, who was on Friday removed from European Union Sanctions list with 50 others claims that the move is aimed at dividing the faction ridden Zanu-PF. Ndl...Published: 19 Feb 2012 at 09:18hrs | | by Alois Sibanda
South Africa shuts its doors on Zim businesses
Zimbabwean businesses exporting goods and services into the lucrative South African market face the spectre of seeing their R1,8 billion market significantly shrink, as the South African government w...Published: 19 Nov 2011 at 20:49hrs | | by Staff reporter
Siyabonga's lawyer suspended, Four lawyers struck off roll
FOUR lawyers have been delisted from the legal practitioners' roll while three others are awaiting judgment on various misconduct allegations including misappropriation of trust funds and unprof...Published: 02 Oct 2011 at 22:17hrs | | by -
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