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Woman steals US$24 000 from employer
A 35-year-old woman from Barham Green, Bulawayo, appeared in court yesterday facing charges of stealing US$24,000 from a steel manufacturing company where she worked. The accused, Nothando Banana, all...Published: 23 Oct 2024 at 07:47hrs | 871 | by Staff reporter
Police probe armed robbery at Chief Marupi's homestead
The Gwanda District in Matabeleland South Province is in shock following a brazen armed robbery at the homestead of Chief Marupi, where thieves made off with an Isuzu double cab motor vehicle, R2,700 ...Published: 13 Oct 2024 at 12:28hrs | 471 | by Staff reporter
Bulawayo police record significant crime decline
Bulawayo police yesterday announced an eight percent decrease in crime across the province for the period between January and September, compared to the same timeframe last year. This decline comes de...Published: 10 Oct 2024 at 07:45hrs | 116 | by Staff reporter
Zimbabwe police question insiders over US$4m Ecobank heist
Armed robbers who stole US$4 million from an Ecobank branch in Bulawayo last Thursday are believed to have had inside information, according to the Zimbabwe Republic Police (ZRP), which has intensifie...Published: 08 Oct 2024 at 07:23hrs | 2020 | by Staff reporter
Bulawayo residents demand action over Ecobank heist
Bulawayo residents are voicing their concerns over safety in the city following a brazen daylight robbery at Ecobank last week, in which suspects allegedly made off with approximately US$4 million. Th...Published: 07 Oct 2024 at 08:02hrs | 1483 | by Staff reporter
Ecobank addresses armed robbery incident at Bulawayo branch
Ecobank Zimbabwe Limited has issued a statement regarding the armed robbery that took place at its Parkade Branch on October 3, 2024. The incident occurred during a cash repatriation by a security com...Published: 05 Oct 2024 at 13:09hrs | 2327 | by Staff reporter
Safeguard says not informed it would be moving US$4 million before heist
Security company Safeguard says it was not informed that it would be moving US$4 million by Ecobank before armed robbers seized the cash on a busy Bulawayo street on Thursday.Police said Frida...Published: 05 Oct 2024 at 12:07hrs | 1262 | by Staff reporter
Zimbabwe police overrated?
In what is being called the largest cash heist in Zimbabwe's history, seven armed robbers executed a lightning-fast robbery at Ecobank, located at the corner of Fife Street and 9th Avenue in Bulawayo....Published: 05 Oct 2024 at 11:33hrs | 408 | by Staff reporter
Mnangagwa caps 3 545 at CUT
President Emmerson Mnangagwa yesterday presided over the graduation of 3,545 students at Chinhoyi University of Technology (CUT), urging the new graduates to apply their knowledge to help transform Zi...Published: 05 Oct 2024 at 11:31hrs | 5 | by Staff reporter
US$4.4 million Ecobank heist shocks Zimbabwe
In what is believed to be the largest bank heist in Zimbabwean history, seven armed robbers made off with a staggering US$4.4 million in cash from Ecobank's Bulawayo branch at the Parkade Centre on Th...Published: 05 Oct 2024 at 11:30hrs | 2120 | by Staff reporter
Licence plate of getaway vehicle in Bulawayo $4 million heist
In a brazen armed robbery on Thursday, six masked gunmen stole US$4 million from Safeguard Security guards outside Ecobank in Bulawayo. The suspects, armed with pistols, made their getaway in a white ...Published: 04 Oct 2024 at 08:28hrs | 3141 | by Staff reporter
Armed robbers strike EcoBank branch in daylight heist
In a daring daylight robbery, six masked men armed with pistols stormed the EcoBank branch at the Parkade Centre, located at the corner of 9th Avenue and Fife Street in Bulawayo, making off with sever...Published: 03 Oct 2024 at 16:07hrs | 4045 | by Staff reporter
Marconati gets two-year jail term in Zimbabwe
Marondera businessman Francesco Marconati has been sentenced to two years in prison after being found guilty of fraudulently removing his business partner from the directorship of Eagle Italian Shoes....Published: 18 Sep 2024 at 18:20hrs | 727 | by Staff reporter
Entertainment Trends in 2024: A Transformative Year
The entertainment landscape in 2024 has undergone significant innovation and transformation. As technology advances and audience preferences shift, several key trends are defining the present and futu...Published: 25 Jul 2024 at 11:48hrs | 135 | by Staff Reporter
EXCLUSIVE: Victim of Mafia Boss Francesco Marconati speaks on how he lost his beer plant and got deported
In the shadowy world of mafia dealings, a sinister evil chess game orchestrated by the self-styled Italian Mafia boss,Marconati, (pictured) has been exposed.Today, we delve into the Francesco ...Published: 08 Mar 2024 at 17:27hrs | 2 | by George Tshuma
Swiss company loses US$270K court challenge
SWITZERLAND-REGISTERED energy firm, Addax Energy SA, has lost a High Court bid to force a local company to settle an outstanding fuel debt of US$269 735,88 in foreign currency.Addax Energy cit...Published: 07 Mar 2024 at 05:10hrs | | by Staff reporter
Zimbabwe records jump in investment proposals
Zimbabwe saw a massive growth in the value of proposed investments in the fourth quarter of 2023 despite approving fewer new investor licenses, according to the Zimbabwe Investment and Development Age...Published: 16 Feb 2024 at 04:56hrs | | by Staff reporter
Bulawayo holds 3rd Sneakers Expo
Over the weekend, Bulawayo sneaker enthusiasts gathered for their third Sneakers Expo, a showcase of various types of footwear that fall under the category of sneakers. The event took place at Mystiqu...Published: 25 Oct 2023 at 06:48hrs | | 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
Masiyiwa receives Afreximbank award
STRIVE Masiyiwa, the founder and chairperson of the Econet Group and Cassava Technologies, has expressed his appreciation at the recognition he received at the Afreximbank's Pan-African Business and D...Published: 25 Jun 2023 at 18:21hrs | 13 | by Staff reporter
Zimbabwe urges unity among lithium miners
GOVERNMENT has called on lithium players to work together to establish value-addition plants for lithium concentrates.Currently there are around eight different lithium exploration and mining ...Published: 20 Jun 2023 at 06:53hrs | 2 | by Staff reporter
Women in agriculture capacitated
Over 200 women in agriculture were invited to meet with various stakeholders in Mashonaland East province for a capacity building in Agribusiness in Marondera today.The workshop unpacked oppor...Published: 18 May 2023 at 16:12hrs | 13 | by Simbarashe Sithole in Marondera
Businessman demands US$4 million from former partner
TOP banker and marketing specialist, Mr Douglas Mamvura, is demanding payment of US$4 million from his former business partner Mr George Manyere, over a deal involving the sale of shares of an investm...Published: 11 Apr 2023 at 14:30hrs | 16 | by Staff Reporter
Zimbabwe to woo capital markets investors in London
ZIMBABWEAN government officials and corporate leaders are gearing for a major capital markets conference in London, United Kingdom, during the last week of next month to mobilise private capital to fi...Published: 08 Mar 2023 at 05:27hrs | | by Staff reporter
Kazembe Kazembe drawn into forex scandal
Home Affairs minister Kazembe Kazembe and police commissioner General Godwin Matanga have been dragged to court for refusing to arrest a Chinese national who used to supply leather products to the arm...Published: 05 Mar 2023 at 06:23hrs | 1 | by Staff reporter
Businessman cleared of duping forex dealers US$765 000
INDIAN businessman Munir Kamruddin Kazi was yesterday cleared of charges of duping eight people of US$765 000 in botched foreign currency exchange deals during 2019, with the court discharging him at ...Published: 15 Feb 2023 at 05:00hrs | 3 | by Staff reporter
Zimbabwe can be a financial hub
MAURITIUS Finance chief operating officer Vinod K. Bussawah, who is also chairperson of Harare-based financial advisory firm Bard Santner Markets Inc, says Zimbabwe can become a regional financial hub...Published: 23 Oct 2022 at 17:21hrs | | by Staff reporter
Wadyajena wants fraud charges dropped
Gokwe-Nembudziya legislator Justice Mayor Wadyajena yesterday indicated that he will next week file an application for refusal of further remand on the matter he is jointly charged with Cotton Company...Published: 09 Sep 2022 at 06:02hrs | | 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 | 27 | 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 | 14 | 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 | 8 | by Staff reporter
Zimbabwe to draw US$145 million IMF funds
SOME US$145 million from the US$960 million Special Drawing Rights released by the International Monetary Fund last year to cushion member States against the effects of the Covid-19 pandemic will be d...Published: 06 Apr 2022 at 06:24hrs | | by Staff reporter
Kamambo refuses to represent ZIFA in fraud case
SUSPENDED Zimbabwe Football Association (ZIFA) president Felton Kamambo yesterday refused to represent the country''s football mother governing board in a trial on fraud charges involving US$35 000 sa...Published: 11 Mar 2022 at 05:36hrs | | by Staff reporter
NPA revives criminal charges against suspended ZIFA boss Felton Kamambo
Zimbabwean authorities have revived criminal charges against the Zimbabwe Football Association president, days after his board was suspended over a poor run of results by the national team.Fel...Published: 23 Nov 2021 at 06:01hrs | 7 | by Staff reporter
US$28m in taxpayers' funds misappropriated in corrupt deal
THE Parliamentary Portfolio Committee on Lands has recommended that the police and Zimbabwe Anti-Corruption Commission investigate the Grain Millers' Association of Zimbabwe (GMAZ) and its president T...Published: 22 Nov 2021 at 06:16hrs | 7 | by Staff reporter
NetOne intensifies electronic airtime recharge
THE mobile markets in Africa are for the most part prepaid, with the traditional means of distribution being the sale of scratch cards.It is no secret that this distribution channel has brough...Published: 07 Nov 2021 at 07:07hrs | 8 | by Staff reporter
Zanu-PF fights delay wheat payments
PAYMENTS to wheat farmers for the 2021 season are likely to be delayed after millers, who had pledged $5,5 billion to complement government funds, were scandalised by a parliamentary report which left...Published: 06 Nov 2021 at 06:15hrs | 7 | by Staff reporter
Ingwebu to set up PET, water bottling plants
THE Bulawayo Municipal Commercial Undertaking owned Ingwebu Breweries is working on establishing a polyethylene terephthalate (PET) plant at their depot so as to package their beer in takeaway bottles...Published: 17 Oct 2021 at 09:01hrs | 17 | by Staff reporter
D-day for Zifa bosses
A HARARE Court is today expected to rule on a matter where Zimbabwe Football Association (Zifa) bosses are accused of illegally transferring association funds to a private account.The quartet ...Published: 24 Sep 2021 at 09:27hrs | | by Staff reporter
Zifa bosses in court
Four top Zifa board members moved US$740 000 from Zifa's nostro account into the bank account of a private company belonging to one of them in 2019, allegedly to block a debtor using a courtissued gar...Published: 22 Jul 2021 at 07:44hrs | | by Staff reporter
Mastercard and Network International Pioneering Africa's digital payment revolution
Civilization has transformed trading and commerce from the prehistoric means which involved barter trades facilitated by the item-to-item exchange. The discrepancies and inconsistencies of goods valu...Published: 12 Apr 2021 at 12:27hrs | 3 | by Staff Writter
ZACC revive probe into Zifa's US$740k transfer
ZIFA board members have one again come under the radar of the Zimbabwe Anti-Corruption Commission over the long-running saga in which US$740 000 was transferred from the association's account into a p...Published: 28 Jan 2021 at 06:25hrs | 6 | by Staff reporter
NRZ slapped with US$236m lawsuit
SOUTH Africa-based business syndicate, the Diaspora Infrastructure Development Group (DIDG), has filed a lawsuit at the High Court demanding damages amounting to a staggering US$236 million from the N...Published: 24 Dec 2020 at 17:00hrs | | by Staff reporter
Zimbabwean journalist wins the 2020 APO Group African Women in Media Award
APO Group yesterday announced Zimbabwean journalist Debra Matabvu (@dmmatabvu) as the winner of the 2020 APO Group African Women in Media Award.The award recognizes, celebrates, and empowers A...Published: 04 Dec 2020 at 06:25hrs | | by Staff reporter
RBZ orders Zimbabwe banks to give forex
Reserve Bank of Zimbabwe (RBZ) governor John Mangudya has ordered banks to settle transactions outside the public glare as he cracks the whip on the sector amid revelations some banks were refusing cl...Published: 03 Dec 2020 at 07:06hrs | 1 | by Staff reporter
Green Fuel selling ethanol in 'real money'
ZIMBABWE'S biggest ethanol producer Green Fuel is now selling the commodity in hard cash and accepts only transfers to its nostro foreign currency account accompanied by letters from the clients' bank...Published: 20 Nov 2020 at 06:12hrs | 6 | by Staff reporter
NRZ slapped with US$236m lawsuit
DIASPORA and Infrastructure Development Group (DIDG) is demanding US$236 million from the National Railways of Zimbabwe (NRZ) as compensation after cabinet controversially terminated the consortium's ...Published: 04 Sep 2020 at 06:23hrs | | by Staff reporter
Zifa shields purse
The Zimbabwe Football Association (Zifa), whose account was recently garnished over a US$518 331 debt owed to former administrator Lazarus Mhurushomana, has petitioned the High Court with an urgent ch...Published: 04 Sep 2019 at 08:44hrs | | by Staff reporter
Currency changes choke banks
ZIMBABWE'S banking sector is skating on thin ice due to a illiquidity crunch that has drastically reduced the financial institutions' capacity to lend following the reintroduction of a local currency,...Published: 25 Aug 2019 at 18:51hrs | | by Staff reporter
Interbank rate overtakes black market
THE interbank exchange rate has surpassed parallel market rates with some banks offering more in local currency for those exchanging their foreign currency. Government last week outlawed the u...Published: 03 Jul 2019 at 08:25hrs | | by Staff reporter
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