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RBZ crackdown on money laundering
Following an intensive investigation into smuggling, money laundering, and financial externalisation, Zimbabwean authorities have launched a crackdown targeting several businesspeople and companies im...Published: 08 Aug 2025 at 09:15hrs | 597 | by Staff reporter
Company faces exchange control violation charges
A Harare-based company, Grant Thulisa (Pvt) Ltd, has been hauled before the courts on allegations of violating Zimbabwe's exchange control regulations after it allegedly misrepresented the amount of m...Published: 03 Aug 2025 at 12:17hrs | 201 | by Staff reporter
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 | 1563 | by NewsHawks
Chinese businesswoman, son deported from Zimbabwe
Controversial Chinese businesswoman Li Song and her son, Haoxuan, were deported from Zimbabwe on Thursday over an unspecified offence. The two were initially detained at Hatfield Police Station before...Published: 20 Sep 2024 at 13:40hrs | 2462 | by Staff reporter
TM Pick n Pay Zimbabwe boss in racism storm, pay scandal
TM Pick n Pay Zimbabwe's Managing Director, Malcolm Mycroft, faces allegations of racism, externalisation of funds, and unfair salary practices, negatively affecting local employees. Reports indicate ...Published: 31 Jul 2024 at 12:59hrs | 2725 | by Staff reporter
Whistleblower seeks High Court protection
A LOCAL businessman, who exposed a well-organised syndicate for externalising foreign currency through the Reserve Bank of Zimbabwe, has approached the High Court seeking protection since his life is ...Published: 05 Apr 2024 at 06:01hrs | 20 | by Staff reporter
Mthuli Ncube announces further measures to contain runaway inflation
FINANCE Minister Mthuli Ncube has announced a new series of measures to stabilise the economy amid hyperinflation fears.This comes barely two weeks after the Treasury boss scrapped duty on all...Published: 30 May 2023 at 06:53hrs | 4 | by Staff reporter
Are Zanu-PF and ANC Siamese twins?
BIOLOGICAL Siamese twins, are those born conjoined to each other, usually at the chest, pelvis or backside. Their conjoinment, unfortunately, is not of their own making.This results from parti...Published: 24 May 2023 at 06:03hrs | 4 | by Mutemo Pisa
Zed Koudounaris fingered in forex externalisation?
FORMER cabinet minister Jonathan Moyo has fingered Zimbabwean mogul Zinona Koudounaris, commonly known as Zed Koudounaris in a foreign currency externalisation scheme.Zed is a Zimbabwean entre...Published: 29 Mar 2023 at 16:51hrs | | by Staff reporter
Plot to shield a fugitive backfires
A ZIMBABWE Anti-Corruption Commission (Zacc) investigator appeared at the Harare Magistrates Court on Saturday charged with criminal abuse of office after allegedly shielding a fugitive with three war...Published: 13 Mar 2023 at 07:16hrs | 3 | by Staff reporter
Al Jazeera and relations between Zimbabwe and Qatar
Last week CCC aligned opposition activist, Hopewell Chin'ono announced that the Qatar government-owned global television company, Al Jazeera would release a video on money laundering and resources loo...Published: 07 Mar 2023 at 14:13hrs | 15 | by Nobleman Runyanga
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 | 3 | by Staff reporter
Sanctions choking Zimbabwe: Myth or reality?
"African politics is dogged by crises of legitimacy, monetised politics and corruption, personalised leadership, and lastly the sit-tight syndrome" notes the African Exponent. During an electoral seas...Published: 14 Jan 2023 at 16:33hrs | 1 | by Zvikomborero Sibanda
Top govt official in trouble over ‘questionable' wealth
THE Ministry of Finance and Economic Development has suspended senior official Marcos Nyaruwanga to pave way for investigations to ascertain his source of wealth as a public official, the Zimbabwe Ind...Published: 24 Oct 2022 at 18:33hrs | 10 | by Staff reporter
Zimbabwe says to allow online betting
Zimbabwe's cash-strapped government has set plans to amend the Lotteries and Gaming Act to allow for the money spinning online betting, a world industry which comes with lucrative revenues.The...Published: 19 Oct 2022 at 20:28hrs | 7 | by Staff reporter
ZB directors mull liquidation and surrendering licence
With three months left before year-end, it is now crunch time for ZB Financial Holdings (ZBFH), which is currently under increased pressure to recapitalise its building society within the grace period...Published: 02 Oct 2022 at 08:58hrs | 14 | by Staff reporter
RBZ gold coins to strengthen Zimdollar
The Reserve Bank of Zimbabwe (RBZ) last week, following a resolution agreed on by its Monetary Policy Committee (MPC), announced plans to introduce gold coins to be used as a new investment tool to st...Published: 04 Jul 2022 at 06:54hrs | | by Staff reporter
Chiwenga's ex-wife awaits attempted murder trial date
THE State will furnish Marry Mubaiwa with a trial date when she returns to court on July 6 on charges of attempting to kill Vice President Constantino Chiwenga during the time he was hospitalised in S...Published: 22 Jun 2022 at 06:42hrs | 1 | by Staff reporter
Zacc probes 22 cases of unexplained wealth
THE Zimbabwe Anti-Corruption Commission (ZACC) is investigating 22 cases of unexplained wealth involving externalisation of more than US$22 million. In a statement, ZACC said it was closely wo...Published: 15 Jun 2022 at 07:30hrs | 4 | by Staff reporter
US$20m externalised in Zimbabwe diamond sales
MORE than US$20 million was illegally moved out of the country's borders in murky deals involving blacklisted diamond dealer Jamal Ahmed in an opaque sale of one million carats of diamonds from the Mi...Published: 03 Jun 2022 at 19:14hrs | 2 | by Staff reporter
Top medical firm in labour, tax evasion storm
ONE of Zimbabwe's oldest and major private medical services provider, Baines Imaging Group is embroiled in a nasty fight with serving and former employees, who are accusing the institution of external...Published: 18 May 2022 at 06:21hrs | 11 | by Staff reporter
Patriotic bill, a misplaced priority
There is economic collapse in the country and people are living from hand to mouth. The government should prioritise drafting economic laws and strong eco...Published: 14 Apr 2022 at 19:24hrs | 17 | by Leonard Koni
Chinese under fresh pressures over Zimbabwe deals
AN American think tank on Friday added its voice to growing disquiet by Zimbabweans over resource exploitation claims by Chinese firms, following a week of deep accusations.The American Enterp...Published: 06 Feb 2022 at 06:58hrs | 15 | by Staff reporter
Local company loses US$500 000 in suspected externalisation deal
A-LOCAL firm Inverness Investments has lost US$500 000 cash to a South African company in a botched loan agreement deal.This was after Brent Greyling (31) the director of the South African com...Published: 17 Jan 2022 at 06:39hrs | 162 | by Staff reporter
Rogues wreak havoc on forex auction, says RBZ
ZIMBABWE'S foreign currency auction system is under siege from a cartel of rogue local and international companies externalising millions of United States dollars (USD) under a well-orchestrated schem...Published: 07 Jan 2022 at 19:40hrs | 11 | by Staff reporter
Agriculture as the trigger to industrialisation
"The sacrosanct cornerstone and golden thread upon which any successful productive economy can be built is the legal protection of private property ownership."We all know that Zimbabwe's agric...Published: 03 Jan 2022 at 05:56hrs | 15 | by Vince Musewe
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 | 12 | by Staff reporter
Zimbabwe govt considers another currency
THE Government is weighing options of adopting cryptocurrency as a legal payment service and is consulting various stakeholders on the merits of the virtual currency.Speaking at a Computer Soc...Published: 07 Nov 2021 at 07:12hrs | 157 | by Staff reporter
Illicit dealings cost Zimbabwe $2bn annually
Zimbabwe Anti-Corruption Commission (Zacc) chairperson Justice Loice Matanda-Moyo has said the country is losing about $2 billion annually through illicit dealings with the private sector being the ma...Published: 15 Oct 2021 at 06:16hrs | 3 | by Staff reporter
Big Zimbabwean companies are fingered in forex fiddle
TOP executives and directors from up to 20 big companies face imminent arrest following a Reserve Bank of Zimbabwe (RBZ) investigation into massive multi-million-dollar fraud involving the country's f...Published: 08 Oct 2021 at 18:58hrs | 15 | by Staff reporter
Zimbabwe loses US$1,3bn in forex leaks
ABOUT US$1,3 billion is being siphoned out of the country every year and the proceeds are benefitting countries that ironically accuse Government of corruption.This was revealed by the Zimbabw...Published: 19 Sep 2021 at 08:10hrs | 4 | by Staff reporter
Mnangagwa turns 79
PRESIDENT Emmerson Mnangagwa today celebrates his 79th birthday with the dream of a better and greater Zimbabwe still his main mission. Since his inauguration in November 2017, Mnangagwa has remained ...Published: 15 Sep 2021 at 06:19hrs | 5 | by Staff reporter
New details on Intermarket bank heist
There is growing unease at ZB Financial Holdings Limited (ZBFHL) after recent revelations Transnational Holdings Limited (THL) the second-largest shareholder is pushing for a separation following the ...Published: 08 Aug 2021 at 07:17hrs | 5 | by Staff reporter
Open letter UK PM Boris Johnson, MPs, Councillors, Religious leaders, any other community leaders
I write this with concern about the current deportations of the Zimbabwean immigrants:...Published: 29 Jul 2021 at 17:26hrs | 1 | by Chris Goshomi
Letter to Boris Johnson about the deportation of Zimbabwean immigrants
A letter to the Prime Minister (Boris Johnson), MPs, Councillors, Religious leaders, and any other community leaders who may have communities at heart.I wri...Published: 29 Jul 2021 at 10:26hrs | 2 | by Chris Goshomi
Zimra executives in US$585m tax evasion corruption scam
CORRUPTION skeletons involving a series of multi-billion-dollar tax evasion scandals are tumbling out of the Zimbabwe Revenue Authority (Zimra) cupboard amid a new corruption scam involving Chinese di...Published: 20 Jul 2021 at 11:17hrs | 6 | by Staff reporter
Political interference in gold mining fuelling leakages, rights violations
THE seizure of 23 pieces of gold worth R11 million at OR International Airport in Johannesburg, South Africa, that was being smuggled to Dubai by a Zimbabwean, Tashinga Masinire, reflects on the growi...Published: 19 May 2021 at 06:43hrs | 1 | by Chimanimani Development Trust
A look into the incentives for exports and investment growth 'Exporting retention changes'
On the 10th of May 18, 2021, Hon Prof Mthuli Ncube published a statement on incentives for exports and investment growth, which changed the exporting companies’ retention threshold. Prima facie, the...Published: 18 May 2021 at 11:20hrs | 2 | by Tryson G Dube
Grace Mugabe's huge daily cash withdrawals exposed
FORMER first lady Grace Mugabe allegedly made multiple United States dollar cash withdrawals amounting to US$300 000 per day in 2019 from her CBZ Bank account at a time ordinary Zimbabweans were allow...Published: 23 Apr 2021 at 07:31hrs | 1 | by Staff reporter
We're coming for you: Mnangagwa warns financial sector sharks
GOVERNMENT is going to decisively deal with sharks in the financial sector who are profiteering at the expense of the public, President Mnangagwa has said. In an interview ahead of the country...Published: 12 Apr 2021 at 06:56hrs | 1 | by Staff reporter
President's wide powers on mining fuel extractive resources corruption
THE excessive, wide and discretionary powers of the President of Zimbabwe and Minister of Mines over the country's vast mineral resources and their allocation is perpetuating rampant corruption in the...Published: 30 Jan 2021 at 17:22hrs | 2 | by Staff reporter
Anti-graft crack team seizes $2 billion assets
A CRACK team made up of the Zimbabwe Anti-Corruption Commission (Zacc), the National Prosecuting Authority (NPA) and the Reserve Bank of Zimbabwe (RBZ) has seized luxury homes and top-end vehicles wor...Published: 08 Jan 2021 at 07:53hrs | 1 | by Staff reporter
More pain for Chiwenga's wife
The ailing Marry is facing multiple charges at the courts, including claims that she wanted to kill her powerful husband when he was receiving medical treatment in South Africa two years ago.S...Published: 29 Dec 2020 at 17:18hrs | 3 | by Staff reporter
Chiwenga's wife fights for her passport
VICE President Constantino Chiwenga's estranged wife, Marry, is battling to retrieve her passport to enable her to seek urgent medical treatment in South Africa — with the State saying yesterday tha...Published: 11 Dec 2020 at 18:55hrs | 1 | by Staff reporter
Chiwenga's wife in awful pain
VICE President Constantino Chiwenga's estranged wife Marry has filed an urgent High Court application seeking the release of her passport to allow her to receive urgent medical attention in South Afri...Published: 04 Dec 2020 at 16:29hrs | | by Staff reporter
Chiwenga's wife living in fear
VICE-PRESIDENT Constantino Chiwenga's estranged and ailing wife Marry Mubaiwa yesterday claimed she is living in fear as unknown people were frequenting her offices and stalking her and some of her re...Published: 02 Dec 2020 at 06:27hrs | 6 | by Staff reporter
Obadiah Moyo's PA denied bail
THE Zimbabwe Anti-Corruption Commission (Zacc) is also now going after the assets of deceased criminals whose source of wealth cannot be explained.This comes as the anti-graft body is intensif...Published: 30 Nov 2020 at 19:14hrs | 14 | by Staff reporter
RBZ swoops on foreign entities
THE Reserve Bank of Zimbabwe (RBZ) has launched an investigation into the conduct of at least 15 foreign-owned companies, which have allegedly externalised millions of United States dollars, according...Published: 27 Nov 2020 at 07:07hrs | 3 | by Staff reporter
Chiwenga humiliates 'gravely sick' wife
VICE-PRESIDENT Constantino Chiwenga used soldiers to humiliate his estranged wife by dumping her property at her Harare offices on Friday.Chiwenga and his wife Marry Mubaiwa are embroiled in a...Published: 08 Nov 2020 at 18:42hrs | 3 | by Staff reporter
Major shake-up looms at ZB Bank
A MAJOR shake-up is looming at ZB Financial Holdings (ZBFH), with veteran banker Nicholas Vingirai tipped to increase his stake in a deal that would make him the majority shareholder in the listed gro...Published: 09 Oct 2020 at 10:16hrs | 12 | by Staff reporter
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