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Zimbabwe eyes China's $50 billion African modernisation fund
Zimbabwe is gearing up to tap into a US$50 billion fund that China pledged to support Africa's modernisation and industrialisation efforts during the recent Forum on China-Africa Cooperation (FOCAC) S...Published: 09 Nov 2024 at 17:08hrs | 257 | by Staff reporter
Former Zanu-PF foot soldier gives up on Zimbabwe, migrates to England
Former Zanu-PF foot soldier and youth leader Godfrey Tsenengamu has given up on Zimbabwe and relocated to England according to a message posted on his official Facebook account. He paints a gr...Published: 12 Jan 2024 at 05:20hrs | 10 | by Staff reporter
Zimbabwe govt misses US$12bn mining target
LEADING economists and mining industry experts warned this week the Ministry of Mines and Mining Development was manipulating data to give an impression that its ambitious US$12 billion target will be...Published: 22 Dec 2023 at 18:13hrs | 8 | by Staff reporter
Zimbabwe makes further gas discovery
AUSTRALIAN firm Invictus Energy has made further gas discovery at its Mukuyu-2 exploration well in Muzarabani-Mbire districts of Mashonaland Central province, in northern Zimbabwe, confirming the coun...Published: 15 Dec 2023 at 07:22hrs | 1 | by Staff reporter
CIO-linked company gets raw lithium export permit
THE Ministry of Mines and Mining Development has reportedly awarded a firm with suspected links to the Central Intelligence Organisation (CIO), Terrestrial Holdings, a licence to export one million to...Published: 08 Dec 2023 at 20:53hrs | 52 | by Staff reporter
Mnangagwa hails China's role in development
DEVELOPING countries can accelerate their growth through increased cooperation with willing partners such as China, President Mnangagwa has said.In a virtual address to the High-Level Meeting ...Published: 10 Jul 2023 at 07:11hrs | 7 | by Staff reporter
Great Dyke platinum project well on course
EXPLORATION and feasibility studies are complete at the new platinum mine owned by Great Dyke Investments in Darwendale and production is due to start soon with the mine expected to yield 1,36 million...Published: 12 Jun 2023 at 06:23hrs | | by Staff reporter
Chiadzwa community, govt and ZCDC smoke peace pipe
GOVERNMENT and the Zimbabwe Consolidated Diamond Corporation (ZCDC) have backed down from a protracted confrontation with the Chiadzwa community over a contentious proposal to invest US$400 million in...Published: 28 May 2023 at 08:05hrs | 1 | by Staff reporter
Corrupt US$400m deal morphs into political fix
The controversial deal to get state-run Zimbabwe Consolidated Diamond Corporation (ZCDC) to acquire a 33% shareholding in Great Dyke Investment (GDI) for US$400 million has taken a political turn, wit...Published: 14 Apr 2023 at 19:46hrs | 6 | by Staff reporter
ZCDC CEO suspension opens can of worms
THE Zimbabwe Consolidated Diamond Company (ZCDC) chief executive officer (CEO) Mark Mabhudhu was suspended on Monday for reportedly stalling the corrupt purchase of Kuvimba Mining House (KMH)'s 33% sh...Published: 01 Mar 2023 at 19:34hrs | 9 | by Staff reporter
Zimbabwe gold deliveries to hit 40 tonnes
STATE-owned gold buyer, Fidelity Gold Refinery (FGR) is bullish on hitting a 40-tonne gold delivery target in 2023 buoyed by new gold mining projects coming into production as well as continuous polic...Published: 03 Feb 2023 at 19:11hrs | | by Staff reporter
Dutch investor seeks Mnangagwa's intervention over US$8m botched venture with Zimbabwe partner
Director of Dutch-based investor Euro LPG BV Omar Abdallah, has sought the intervention of President Emmerson Mnangagwa after the Sheriff failed to act on a High Court order overturning a controversia...Published: 07 Dec 2022 at 05:22hrs | 2 | by Staff reporter
Parly summons Chitando over mining leases
MINES and Mining Development minister Winston Chitando has been summoned to Parliament to answer questions on special mining leases issued since 2018.Raising a matter of national interest in P...Published: 17 Oct 2022 at 06:09hrs | | by Staff reporter
Hitech pharmaceutical warehouse opens
THE Government is determined to facilitate the modernisation of all socio-economic enablers as precursors to the attainment of rapid economic transformation, President Mnangagwa has said.The P...Published: 07 Oct 2022 at 05:56hrs | | by Staff reporter
Zimbabwe's US$3bn platinum deal all but collapses in a shambles
IT was noisily touted as a game changer for Zimbabwe's mining sector, and the economy; a centrepiece of government's ambitious yet unrealistic US$12 billion target for the industry by next year and ca...Published: 31 May 2022 at 07:38hrs | 10 | by Staff reporter
All Zimbabweans must benefit from mineral Resources: Zimcodd
THE Zimbabwe Coalition of Debt and Development has reported that in the week under review, Zimbabwe registered a big milestone in the mining of Platinum Group Minerals (PGMs) with the addition o...Published: 07 Apr 2022 at 11:08hrs | 1 | by Stephen Jakes
Rushwaya emerges in the thick of shady Zimbabwe military dealings
FOR long, Martin Rushwaya was the military's point man in its multi-million-dollar commercial ventures, as the permanent secretary in the Defence ministry from 2009 until 2019.In April 2019, P...Published: 09 Oct 2021 at 07:24hrs | 3 | by Staff reporter
Treasury loses $112 billion to dodgy crony tax exemptions
TREASURY, always in financial dire straits, lost about ZW$112 billion in potential revenue last year (approximately US$1.3 billion on the official exchange rate) through tax expenditures consisting of...Published: 10 Sep 2021 at 18:52hrs | 7 | by Staff reporter
Chaos as schools reopen
CHAOS characterised yesterday's schools reopening as dozens of teachers failed to travel to their workstations citing incapacitation.Teachers' unions attributed the chaos to poor planning by g...Published: 31 Aug 2021 at 06:10hrs | | by Staff reporter
Chamisa's MDC claims Fidelity 'parcelled out' to Tagwirei
The MDC Alliance is mulling a legal challenge to the disposal of the government's majority stake in Fidelity Printers and Refiners (FPR), which the party says has been "parcelled out" to controversial...Published: 03 Aug 2021 at 18:45hrs | 2 | by Staff reporter
Zanu-PF's corrupt election funding exposed
THE ruling Zanu-PF mortgaged the country's natural resources in lieu of US$100 million in financial support ahead of the country's 2013 general elections, a new report by a local watchdog has shown....Published: 31 Jul 2021 at 17:54hrs | 17 | by Staff reporter
Tagwirei's vast tentacles grip Zimbabwe government
KUDAKWASHE Tagwirei's influence on government in recent years has been unmatched.The shadowy businessman has emerged one of the biggest beneficiaries of the November 2017 military coup which o...Published: 17 Jul 2021 at 15:26hrs | 10 | 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 | 16 | by Staff reporter
Tagwirei's vast business empire unmasked
SET well back from the public road at the end of a long driveway lined with palm trees is an extravagant new mansion being built by Kudakwashe Tagwirei, a Zimbabwean businessman and presidential advis...Published: 03 Jul 2021 at 21:33hrs | 8 | by Staff reporter
The Sentry reveals hidden business networks of Kudakwashe Tagwirei
A REPORT published by The Sentry, Shadows and Shell Games: Uncovering an Offshore Business Empire in Zimbabwe, reveals key details of business practices of controversial local businessman and presiden...Published: 03 Jul 2021 at 21:30hrs | | by Staff reporter
Getting it right
IN our February 19, 2021 edition, we published an article headlined Landela buying spree raises stink, insinuating that Landela Mining Ventures owned by Kudakwashe Tagwirei was on a buying spree....Published: 14 Apr 2021 at 06:26hrs | | by Editor
David Brown to resurrect Zimbabwe gold mines
DAVID Brown's association with Zimbabwe's mining sector dates back to his six years as CEO of Impala Platinum (Implats) which ended in 2012.During that time, he met with the late former Presid...Published: 15 Feb 2021 at 07:57hrs | | by Staff reporter
Mnangagwa, Chiwenga-linked cartels take over public firms, mines, fuel sector - report
HIGHLY secretive cartels linked to President Emmerson Mnangagwa and Vice President Constantino Chiwenga are reported to have taken over the operations of key state-owned companies, including private f...Published: 10 Feb 2021 at 07:33hrs | 5 | by Staff reporter
Great Dyke Investments' half decade tax holiday challenged
DARWENDALE platinum miner, Great Dyke Investments' five-year tax reprieve granted by government recently, now hangs in the balance following an urgent chamber application filed against the controversi...Published: 06 Feb 2021 at 07:07hrs | 1 | by Staff reporter
Foreign entities can now fully own mines in Zimbabwe
The Zimbabwe government has "deleted" an amendment to the Finance Act which had given it the power to control at least 51% ownership in mining entities.As reported by Fin24 last week, the Zimb...Published: 03 Feb 2021 at 22:25hrs | | by Staff reporter
Great Dyke Investments gets tax exemption
Government has exempted platinum miner Great Dyke Investments (GDI) from paying income tax for the next five years. GDI is 50% owned by local consortium Landela and Afromet JSC, wholly owned b...Published: 28 Jan 2021 at 06:53hrs | 1 | by Staff reporter
Kuvimba: How to hide a mining giant in plain sight
A year ago, Kuvimba Mining House did not exist. now it could be the country's biggest gold producer.How? The answer shows how transparency is still not a thing for Zimbabwean authorities....Published: 10 Jan 2021 at 08:10hrs | 22 | by Staff reporter
Zimbabwe's economic outlook for 2021
Zimbabwe's economy ended the year 2020 on a fairly stable note due to the return of the multi-currency regime and decline in general inflation levels in the market. Headwinds caused by incessant power...Published: 08 Jan 2021 at 21:02hrs | | by Victor Bhoroma
Share swap exposes Tagwirei's vast web
A transaction in which the National Social Security Authority (NSSA) disposed of its 37,79% ZB Financial Holdings (ZBFH) shareholding was a swap deal that saw the authority clinching CBZ shares worth ...Published: 04 Dec 2020 at 07:27hrs | 12 | by Staff reporter
Mnangagwa walks the talk on anti-corruption
ON February 20, 2004, Zimbabwe appended its signature to the United Nations Convention against Corruption (UNCAC) as it joined the global community in efforts to combat the economy's corroding cancer....Published: 04 Oct 2020 at 08:32hrs | | by Staff Reprter
Russian plan to dig biggest Zimbabwe platinum mine advances
A project that aims to develop Zimbabwe's biggest platinum mine has cleared a significant hurdle, with the African Export-Import Bank completing a due diligence study allowing it to proceed with a $50...Published: 26 Sep 2020 at 19:04hrs | | by Staff reporter
5 Common eating disorders in women everyone should know about
Eating disorders are a group of psychological conditions that are associated with an unhealthy relationship with food. Most of these eating disorders are associated with poor self-esteem and distorte...Published: 30 Mar 2020 at 12:45hrs | 2 | by Staff Writer
Government introduce artisanal miners ID cards
THE country's sole gold buyer, Fidelity Printers and Refiners (FPR) will soon issue out formalisation cards to artisanal miners to enable them to deliver gold at its centres as it moves to ensure effe...Published: 01 Sep 2019 at 14:39hrs | | by Staff reporter
Gold export earnings drop
ZIMBABWE'S gold export earnings decreased by 32,9 percent to US$500 million in the first half of this year compared to about US$670 million recorded in the same period last year. Speaking duri...Published: 02 Aug 2019 at 07:48hrs | | by Staff reporter
Govt moves to tackle gold leakages
The government will meet gold producers at various buying centres so as to ascertain why a significant number of small-scale producers continue to sidestep Fidelity Printers and Refiners (FPR) and smu...Published: 21 Jul 2019 at 10:15hrs | | by Staff reporter
Africa money to bankroll US$3 billion Russian deal
A US$3 billion platinum deal between Zimbabwe and Russia is now mired in controversy after it emerged this week that the funding for the project will come from African Export-Import Bank (Afreximbank)...Published: 15 Feb 2019 at 08:26hrs | | by Staff reporter
Mnangagwa building Zimbabwe block by block
The fascination with negativity and self-hate is creating an artificial but widely accepted false narrative that everything in Zimbabwe is going backwards and that Zimbabwe is at its worst time....Published: 03 Feb 2019 at 11:47hrs | 1 | by Nick Mangwana
Mnangagwa's visit to Russia unlocks $300 million
President Emerson Mnangagwa's visit to Russia has unlocked $300 million that will trigger implementation of the $2 billion Great Dyke Investment (GDI) platinum mining venture in Darwendale.GDI...Published: 27 Jan 2019 at 18:59hrs | | by Staff reporter
Zimbabwe army has shares in Great Dyke Investment mining company
ZIMBABWE Mining Development Corporation (ZMDC) board chairperson Peter Chimboza on Monday disclosed to Parliament that the army has 30% shareholding in the Great Dyke Investment (GDI) mining company....Published: 21 Nov 2018 at 05:17hrs | | by Staff reporter
Mliswa pleased with Health Minister's visit to Norton
Norton legislator Temba Mliswa has hailed Minister of Health and Child care Obadiah Moyo for visiting the constituency to assess the area as the cholera hit parts of Harare.In a letter t...Published: 15 Oct 2018 at 07:14hrs | | by Stephen Jakes
Zimbabwe sits on 13m tonnes gold reserves
ZIMBABWE is sitting on an estimated 13 million tonnes of unexploited gold reserves and only 580 tonnes have been exploited since 1980, an official has said. Speaking during last week's Mine En...Published: 15 Oct 2018 at 06:24hrs | 1 | by Staff reporter
Zimbabwe gold deliveries clock record 28 tonnes
ZIMBABWE's gold mining sector breached the 28 tonnes record deliveries to Fidelity Printers and Refiners by end of September and is now short of two tonnes to meet this year's 30-tonne target. ...Published: 09 Oct 2018 at 06:47hrs | | by Staff reporter
Chiwenga launches African Dream boat
Vice President Retired General Constantino Chiwenga has inaugurated the French-owned and Zimbabwe assembled luxury boat, the African Dream, built at a cost of $2,5 million dollars.The luxury c...Published: 23 Sep 2018 at 14:34hrs | 1 | by Staff reporter
Mnangagwa's crony gets Zimplats claims
PRESIDENT Emmerson Mnangagwa's crony Lucas Pouroulis, whose company, Karo Resources, recently signed a controversial US$4,2 billion platinum deal with government, has grabbed mineral claims stretching...Published: 08 Jun 2018 at 09:58hrs | 1 | by Staff reporter
Chamisa's World Cup claim should concern every voter
How can we forget that moment when the clearly bemused BBC journalist asked our homegrown boy wonder if he was "Living in Alice in Wonderland". He was referring to Nelson Chamisa's ridiculous cl...Published: 05 Jun 2018 at 10:34hrs | 1 | by Charles, Harare
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