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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 | 1344 | by NewsHawks
Changes at Steward Bank as Nyambirai makes a comeback
EcoCash Holdings has announced changes to its board following businessman Tawanda Nyambirai's recent acquisition of a controlling stake in the company.The development comes after a major restr...Published: 15 Feb 2025 at 07:59hrs | 1648 | by Staff reporter
US$8m Belarus proposal divides Bulawayo councillors
A proposal by the Bulawayo City Council (BCC) to procure vehicles and equipment from Belarus for US$7.5 million has ignited divisions within Zimbabwe's second-largest city. Official documents released...Published: 14 Feb 2025 at 12:57hrs | 1172 | by Staff reporter
Zesa owes US$350m for Kariba South renovations
Zimbabwe's power utility, Zesa Holdings (Zesa), is grappling with a staggering US$350 million debt for renovations at the Kariba South Power Station, as its foreign currency obligations continue to hi...Published: 13 Feb 2025 at 13:55hrs | 184 | by Staff reporter
Zimbabwe's power deficit soars to 1,560 megawatts
Zimbabwe is grappling with a worsening power crisis, with the country's electricity deficit now standing at a staggering 1,560 megawatts (MW), according to a new report from Parliament's Portfolio Com...Published: 12 Feb 2025 at 15:27hrs | 390 | by Staff reporter
US$4.5 million mysteriously disappeared from Harare City Council
More than US$4.5 million has inexplicably vanished from the Harare City Council (HCC) through its subsidiary, Harare Quarry, sparking an investigation into rampant corruption within the local authorit...Published: 06 Feb 2025 at 16:04hrs | 367 | by Staff reporter
Bard Santner growing in leaps and bounds
Fast-growing asset management firm Bard Santner Investors (Private) Limited has been appointed as the new fund manager for three unit trusts: Tetrad Gold Fund, Gross Income Fund, and Net Income Fund, ...Published: 06 Feb 2025 at 14:39hrs | 141 | by Staff reporter
Zimbabwe govt vows to confiscate and burn second-hand clothing
Tafadzwa Muguti, Permanent Secretary for Presidential Affairs and Devolution in the Office of the President and Cabinet, has reiterated that the importation and sale of second-hand clothing in Zimbabw...Published: 25 Jan 2025 at 15:43hrs | 901 | by Staff reporter
Zimbabwean airline start-up gets air service permit
Zimbabwean start-up Transvaal Africa Airlines has secured an air service permit and is working to finalise certification to launch passenger and cargo flights with three leased Boeing aircraft by the ...Published: 18 Jan 2025 at 06:33hrs | 683 | by Staff reporter
Outrage over imminent Lower Gwelo evictions
Disgruntled villagers from Nsukunengi Village, located under Chief Bunina in the Midlands' Lower Gwelo area, are expressing growing fears of being evicted from their ancestral land to make way for a m...Published: 31 Dec 2024 at 13:47hrs | 214 | by Staff reporter
Tshabangu's MPs question validity of Mutapa Investment Fund valuation
Opposition parliamentarians have raised concerns over the validity of the Mutapa Investment Fund's (MIF) asset valuation, pointing to discrepancies between the reported US$16 billion valuation and ear...Published: 22 Dec 2024 at 11:13hrs | 798 | by Staff reporter
Stanbic named best ovderall bank 2024
Harare, 17 December 2024 - Stanbic Bank Zimbabwe has been named the overall best performing bank at the Banks and Banking Survey Awards 2024 sponsored by First Capital Bank. Stanbic Bank has n...Published: 17 Dec 2024 at 09:15hrs | 455 | by Agencies
Marula Mining ceases Zimbabwe operations
Marula Mining PLC, an investment and development company focused on African mining opportunities, has officially announced that it will cease exploration and project acquisition activities in Zimbabwe...Published: 16 Dec 2024 at 13:55hrs | 2113 | by Staff reporter
Zimbabwe govt resumes construction of presidential villas at Mt Hampden
The Zimbabwean government has resumed construction of the 50 villas initially planned for completion ahead of the 44th Sadc Heads of State and Government Summit in August this year. The villas are now...Published: 12 Dec 2024 at 06:53hrs | 649 | by Staff reporter
Zimbabweans drive property boom in Sandton, South Africa
A growing number of high-net-worth Zimbabweans are turning to Sandton, South Africa, as a preferred destination for property investments, business expansion, and lifestyle enhancement.One proj...Published: 12 Dec 2024 at 06:43hrs | 5863 | by Staff reporter
UK-based Zimbabwean who called for bombings face deportation
A Zimbabwean man residing in the UK, William Chinyanga, 54, is set to be deported to Zimbabwe after serving a prison sentence for incitement to violence. Chinyanga was convicted for live-streaming Fac...Published: 09 Dec 2024 at 16:28hrs | 1624 | by Staff reporter
Zimbabwe consortium seeks US$3 billion for power transmission project
The Intensive Energy User Group (IEUG), a local power consortium, is calling for over US$3 billion in investment over the next five years to enhance transmission infrastructure and address power imbal...Published: 09 Dec 2024 at 06:58hrs | 674 | by Staff reporter
Choppies considers exiting Zimbabwe
Choppies Enterprises Limited has announced its intention to sell the business operations of its wholly-owned subsidiary, Nanavac (Pty) Ltd, trading as Choppies Zimbabwe, subject to discussions and reg...Published: 29 Nov 2024 at 18:26hrs | 6211 | by Staff reporter
Parliament plunges into darkness during Mthuli Ncube's national budget speech
Electricity went off plunging parliament into darkness as finance minister Mthuli Ncube was concluding his 2025 national budget speech on Thursday.President Emmerson Mnangagwa was escorted out...Published: 28 Nov 2024 at 15:40hrs | 283 | by Staff reporter
PPC Zimbabwe lays off managers
Cement manufacturer PPC Zimbabwe is facing growing discontent among its middle-level management in the southern region following reports that over 20 local managers are set to be laid off as part of a...Published: 27 Nov 2024 at 07:08hrs | 1607 | by Staff reporter
Chinese cement plant commissioning set for January in Zimbabwe
Huaxin Zimbabwe (Pvt) Limited, a subsidiary of Chinese multinational Huaxin Cement Co. Ltd, is on track to commence cement production at its state-of-the-art plant in Mount Hampden by the end of 2024....Published: 27 Nov 2024 at 06:41hrs | 213 | by Staff reporter
3 arrested for stealing 5,000litres of diesel from Feruka pipeline
Three suspects, Liberty Munyaradzi (34), Clementine Sikoti (39), and Itai Ndlovu (43), appeared before Harare Magistrate Apollonia Marutya yesterday, facing charges of stealing 5,000 litres of diesel ...Published: 26 Nov 2024 at 08:15hrs | 489 | by Staff reporter
Econet, are you ready for Starlink's direct-to-phone satellite offering?
Starlink, the SpaceX subsidiary that uses low-Earth orbit satellites to provide broadband internet services globally, is intensifying efforts to offer direct-to-smartphone connectivity.Accordi...Published: 24 Nov 2024 at 16:20hrs | 2562 | by Staff reporter
Zanu-PF govt engages BCC over TTI
The Government has stepped in to address the growing concerns regarding the conduct of Tendy Three Investments (TTI), the parking management company contracted by the Bulawayo City Council (BCC), foll...Published: 24 Nov 2024 at 10:11hrs | 318 | by Staff reporter
Paid an arm and leg for Hwange Unit 7 & 8 and yet they not generating - Chinese demanding head in a silver platter!
ZESA's explanation of reduced generation from Hwange Thermal Power Station especially due to repeated Units 7 and 8 did not make any sense at all. The two units costing US$ 1.4 billion were commission...Published: 20 Nov 2024 at 21:17hrs | 2646 | by Wilbert Mukori
Stanbic Bank Steps up efforts to promote International Trade
Harare - 20 November 2024 - Leading financial services institution, Stanbic Bank Zimbabwe has stepped up efforts to promote international trade by launching an e-book which guides locals on how to sou...Published: 20 Nov 2024 at 21:09hrs | 208 | by Agencies
NMBZ turns to Rabobank for agric financing
NMBZ Holdings Limited, a leading financial services group, has announced a strategic partnership with Rabobank, a Dutch multinational specializing in banking and financial services, to implement an en...Published: 19 Nov 2024 at 08:49hrs | 233 | by Staff reporter
ZESA singlehandedly destroying Zimbabwe: The shocking truth behind the power crisis
In Zimbabwe, there is a harsh reality that every citizen faces: power outages, or "load shedding," are an almost daily occurrence. Power cuts, sometimes lasting up to 18 hours, have become the...Published: 12 Nov 2024 at 21:07hrs | 3687 | by Tendai Ruben Mbofana
Zinara gets thumbs-up
The Zimbabwe National Roads Administration (Zinara) has received parliamentary approval after effectively addressing concerns raised in the latest report by Auditor-General Rheah Kujinga regarding its...Published: 05 Nov 2024 at 08:23hrs | 222 | by Staff reporter
Family leaves coffin at Ecosure branch after funeral cost dispute
A family in Zimbabwe has expressed their frustration and despair after leaving their relative's coffin at an Ecosure branch, following the company's refusal to cover the funeral costs. The denial of t...Published: 03 Nov 2024 at 13:42hrs | 1817 | by Staff reporter
Zimbabwe power outages to ease as Hwange Unit 7 returns to operation
The Zimbabwean government has assured citizens that severe power outages affecting the country will ease this weekend as Hwange Unit 7, recently down for maintenance, is set to resume operation. The u...Published: 01 Nov 2024 at 06:32hrs | 383 | by Staff reporter
Russia fines Google US$2.5 decillion
A Russian court has fined Google $2.5 decillion for allegedly blocking pro-Kremlin propaganda on YouTube.The fine, which is the equivalent of $2.5 trillion trillion trillion, is the result of ...Published: 31 Oct 2024 at 08:37hrs | 753 | by Staff reporter
Chinese Steel Plant: Zimbabwe's economic boon
Zimbabwe is aiming to be home to Africa's largest steel plant, but disputes over the project continue even as it ramps up production.Over the past few months, villagers have been accusing the ...Published: 31 Oct 2024 at 06:53hrs | 7946 | by Staff reporter
Cheap mobile and fintech innovator a solution for the Zimbabwe market
Greydot Telecommunications Zimbabwe, a subsidiary of Greydot Telecommunications Africa, is making significant strides in the telecommunications and fintech landscape across Southern Africa. Establishe...Published: 27 Oct 2024 at 14:32hrs | 826 | by Staff reporter
Zimbabwe to participate at top minerals summit
Zimbabwe is preparing to participate in the upcoming Critical Minerals Africa Summit, scheduled to take place in Cape Town, South Africa, from November 6 to 7. The summit comes at a time when the worl...Published: 25 Oct 2024 at 08:50hrs | 156 | by Staff reporter
Chitepo School of Ideology director threatens voters
Controversy has erupted following alarming remarks made by Resten Magumise, a director at Zanu-PF's Chitepo School of Ideology, who threatened war against Zimbabweans advocating for the democratic rem...Published: 24 Oct 2024 at 08:01hrs | 281 | by Staff reporter
Powertel gains 2% market share
Powertel, a telecom subsidiary of ZESA Holdings, has recorded a significant 2.05 percentage point increase in market share during the second quarter of 2024, according to the latest report from the Po...Published: 23 Oct 2024 at 18:48hrs | 163 | by Staff reporter
Cabinet speaks on power supply shortages amid prolonged blackouts
The Zimbabwean government has announced a series of measures to address the country's ongoing power supply shortages as extended daily blackouts continue to disrupt homes and businesses nationwide....Published: 16 Oct 2024 at 12:11hrs | 911 | by Staff reporter
The Chinese-owned Dinson invests over US$2 billion in Zimbabwe
The Chinese-owned Dinson Iron and Steel Company (Disco), the anchor industry for the Manhize Industrial Park near Mvuma in Zimbabwe's Midlands province, has invested more than US$2 billion in the coun...Published: 15 Oct 2024 at 18:38hrs | 3194 | by Staff reporter
Moxon dynasty takes over at Meikles Limited
Meikles Limited has announced the appointment of former chairman John Moxon's son Matthew John Moxon as its acting Chief Executive Officer, following the resignation of Malcolm Mycroft from the CEO po...Published: 15 Oct 2024 at 10:38hrs | 3089 | by Staff reporter
Innscor booted out of Profeeds
Innscor Africa Limited has been ordered to divest from Profeeds after the Supreme Court ruled that the merger of Profeeds and National Foods created a near monopoly in the stockfeed industry.S...Published: 10 Oct 2024 at 13:11hrs | 2528 | by Staff reporter
BCC invites investors to special economic zone
The Bulawayo City Council has granted approval for Lebanmon Investment Private Limited, a Chinese investment company, to establish a cement production facility at the Umvimila special economic zone. T...Published: 09 Oct 2024 at 07:45hrs | 196 | by Staff reporter
Hichilema alarmed by prospects of defeat and prosecution for corruption
When Zambia experienced democratic backsliding between 2011 and 2021, the deliberate use of legal mechanisms to weaken opposition parties played a central role. Lawfare has been a constant theme of Za...Published: 07 Oct 2024 at 17:08hrs | 2645 | by Sishuwa Sishuwa
Chinese company to build lithium refinery plant in Zimbabwe
Sinomine Resource Group Co.'s Zimbabwean unit plans to build a $500 million lithium refinery in the next 3-5 years, even as the company currently loses money due to weak metal prices."We have ...Published: 01 Oct 2024 at 15:34hrs | 1919 | by Staff reporter
Zimbabwe's Mutapa Fund clinches US$350m power deal
The Mutapa Investment Fund (MIF) has approved a significant joint venture valued at US$350 million between Indian firm Jindal Africa Investments and Zesa to refurbish six units at Hwange Thermal Power...Published: 29 Sep 2024 at 14:25hrs | 3256 | by Staff reporter
China mining firms partner with Zimbabwe on lithium mine
Chinese miners Zhejiang Huayou Cobalt Co. and Tsingshan Holding Group Co. are defying low lithium prices to develop a deposit of the battery metal with a Zimbabwean state company.The two firms...Published: 26 Sep 2024 at 13:56hrs | 249 | by Staff reporter
PowerTel says not moved by Starlink
PowerTel Communications says it will not lose sleep over the recent launch of Starlink in Zimbabwe adding it can match the speeds and affordability of the globally recognised satellite internet giant....Published: 26 Sep 2024 at 10:13hrs | 151 | by Staff reporter
Econet's investment in Liquid may be poised for a decline in value
Morgan & Co, a prominent securities firm, has issued a cautionary warning to Econet Wireless Zimbabwe regarding its investment in Liquid Telecommunications Holdings (LTH). The firm anticipates a p...Published: 20 Sep 2024 at 11:14hrs | 676 | by Staff reporter
Zimbabwe business couple claims state persecution in US$137m fraud trial
A Harare business couple involved in Estate management has accused prosecutors of dancing to the tune of unscrupulous top ranked government and police officers allegedly determined to fix them on beha...Published: 19 Sep 2024 at 15:54hrs | 637 | by Staff reporter
TelOne jumps on Starlink train
TelOne, one of Zimbabwe's largest fixed internet providers, has announced its partnership with Starlink, becoming an authorized reseller of the satellite internet service. This move comes in response ...Published: 18 Sep 2024 at 15:33hrs | 2596 | by Staff reporter
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