Search / Fossil mines
Extra US$26m splashed on Trabablas raises stink
Finance Minister Mthuli Ncube was grilled by legislators over concerns of excessive expenditure on the Trabablas Interchange project in Harare, with questions raised about the total cost and sources o...Published: 13 Jul 2025 at 11:13hrs | 41 | by Staff reporter
Trabablas Interchange scandal deepens
The cost of constructing the controversial Trabablas Traffic Interchange in Harare has surged to US$114 million, sparking a storm in Parliament amid growing concerns over fiscal transparency and poten...Published: 10 Jul 2025 at 21:10hrs | 1300 | by Staff reporter
Khaya Cement to de-list on ZSE
KHAYA cement is set to de-list on the Zimbabwe Stock Exchange (ZSE) as part of the resuscitation strategy amid indications that the major shareholder, Fossil Mines, will sale its shares at a loss as s...Published: 19 Feb 2025 at 20:21hrs | 595 | by Staff Reporter
Mbudzi Interchange delays due to Sadc Summit preparations
The government has opened the Masvingo Road-Glen Norah loop, part of the Mbudzi Interchange project, providing relief to motorists traveling from the southern parts of Harare. Transport Minister Felix...Published: 17 Sep 2024 at 06:41hrs | 706 | by Staff reporter
Mbudzi Interchange construction stalls
Delays in compensating property owners around the Mbudzi Interchange have hindered the project's completion, which was initially scheduled to open to traffic yesterday. Despite notable progress, the U...Published: 01 Aug 2024 at 09:13hrs | 7215 | by Staff reporter
Mbudzi Interchange reaches 55% completion
Construction of the Mbudzi Interchange in Harare has reached about 55% completion, with work on the US$88 million project expected to be finished by the second quarter of this year, Transport and Infr...Published: 06 Feb 2024 at 04:38hrs | 10 | by Staff reporter
Govt defends US$88 million Mbudzi interchange loan deal
FINANCE Minister Mthuli Ncube has defended the US$88 million loan agreement with Fossil Mines for construction of the Mbudzi interchange in Harare, and claimed that there was nothing amiss about the l...Published: 16 Feb 2023 at 04:54hrs | 1 | by Staff reporter
Mbudzi US$88m controversy: Mthuli Ncube told to explain
PARLIAMENT'S Public Accounts Committee chairperson Brian Dube says Finance and Economic Development minister Mthuli Ncube should explain the decision to borrow US$88 million to fund the construction o...Published: 12 Feb 2023 at 11:18hrs | 17 | by Staff reporter
US$88m govt deal raises stink
THE controversy surrounding funding for Harare's Mbudzi interchange project has deepened amid reports that the project costs were inflated.Wednesday confirmation by Finance minister Mthuli Ncu...Published: 10 Feb 2023 at 05:41hrs | 2 | by Staff reporter
Fossil Mines to buys Lafarge Zimbabwe
Fossil Mines (Private) Limited has bought 76,45 percent of Lafarge Zimbabwe stake owned by International Cement Limited.Lafarge Zimbabwe is one of the biggest cement and related products produ...Published: 02 Dec 2022 at 08:38hrs | 13 | by Simbarashe Sithole
Roads closed for Mbudzi Intercharge
MULTIPLE stretches of vital roads constituting a combined 4,5km will be shut down this Sunday, to allow for the construction of the US$88 million Mbudzi Interchange in Harare, officials said yesterday...Published: 14 Sep 2022 at 05:50hrs | 2 | by Staff reporter
Mystery over Zimbabwe army deal?
MYSTERY over President Emmerson Mnangagwa's adviser and shadowy businessman Kudakwashe Tagwirei's murky purchase of the Zimbabwe Defence Forces (ZDF) partly-owned Pen East Mining's stake in platinum m...Published: 11 Jul 2021 at 20:43hrs | 24 | by Staff reporter
Load More Stories
