Search / Great dyke investment
Surely, what lessons in business success can Tagwirei teach our youth?
Our youth are the greatest asset to our nation's future, and we cannot afford to lead them astray.Zimbabwe is a nation desperate for authentic leadership, especially for its youth. ...Published: 24 Jun 2025 at 11:24hrs | 282 | by Tendai Ruben Mbofana
Zimbabwe's new politics of fraud
IN Zimbabwe, politics is no longer just the art of the possible.It has become the science of the scam.From boreholes to buses, roads to resettlement deeds, today's governance is not me...Published: 29 May 2025 at 10:23hrs | 546 | by Staff reporter
Zimbabwe war vets launch impeachment drive
A major political storm is sweeping through Zimbabwe's corridors of power as a group of war veterans led by outspoken activist Blessed Geza has initiated an impeachment campaign targeting senior gover...Published: 06 May 2025 at 12:15hrs | 4541 | by Staff reporter
Zimbabwe's ballooning US$21 billion debt spirals out of hand
Citizen Coalition for Change (CCC) Mbizo Member of Parliament (MP), Corban Madzivanyika, has raised alarm over Zimbabwe's escalating public debt, which has now surpassed US$21 billion. During a recent...Published: 15 Sep 2024 at 10:06hrs | 1866 | by Staff reporter
Mnangagwa government's game of darkness
NOW, if you put President Emmerson Mnangagwa, Mthuli Ncube and Kuda David Mnangagwa-the Finance minister and deputy minister, respectively—what will you get?Correct. Darkness. Lots of darkne...Published: 31 Mar 2024 at 16:30hrs | 3 | by Tawanda Majoni
Mnangagwa must not exempt state entities from scrutiny
GOVERNANCE watchdogs has demanded that President Emmerson Mnangagwa discard his gazetted General Notice 164B of 2024 which exempts 21 key state entities from complying with the Public Procurement and ...Published: 21 Feb 2024 at 20:03hrs | 63 | by Staff reporter
Mnangagwa govt is getting crazier
IF you are a Zimbabwean citizen or resident and still want to live on, you need super strong shock absorbers because the Mnangagwa administration is capable of crazy things that can easily kill you....Published: 11 Feb 2024 at 21:07hrs | | by Staff reporter
Mnangagwa exempts 21 entities from scrutiny
President Emmerson Mnangagwa has exempted 21 public entities from scrutiny in procurement and disposal of assets.The Reserve Bank of Zimbabwe, AFC Commercial Bank, Infrastructure Develop...Published: 09 Feb 2024 at 06:58hrs | | 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 | 109 | by Staff reporter
Zisco to start iron ore mining ahead of revival
MOTHBALLED steel giant, Zisco, has procured the equipment it requires to start limestone and iron ore mining in Redcliff early next year ahead of the much-anticipated resumption of operations, a senio...Published: 09 Oct 2023 at 06:05hrs | 1 | by Staff reporter
'Zimbabwe treasury lost $1,6 trillion to tax exemptions'
TREASURY, always in financial distress, lost about $1,6 trillion last year, up 312% compared to the prior year, through tax expenditures consisting of uncollected tax due to exemptions and incentives ...Published: 27 Jul 2023 at 06:39hrs | 1 | by Staff reporter
Mnangagwa heads to Magunje for star rally
PRESIDENT Mnangagwa today heads to Mashonaland West for a star rally in the province that has in the past five years benefited immensely from the Second Republic-initiated programmes and projects....Published: 08 Jul 2023 at 08:22hrs | 13 | by Staff reporter
Zisco set to start mining operations
THE Zimbabwe Iron and Steel Company (Zisco) intends to start mining limestone and iron ore near Kwekwe by the end of this year as part of the preparatory groundwork to revive the defunct former steel ...Published: 16 Jun 2023 at 09:45hrs | 2 | 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 | 7 | 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 | 2 | by Staff reporter
Zimbabwean minister sweats over idle platinum miner
INVESTORS in one of Zimbabwe's biggest platinum projects - Todal Mining - were this week said to have dumped the project, turning the heat on Mines minister Winston Chitando to cancel its licence....Published: 14 Apr 2023 at 19:47hrs | 2 | 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 | 7 | 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 | 19 | 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 | 18 | by Staff reporter
Zimbabwe suspends platinum levy
THE Government has suspended the 5 percent levy on raw platinum exports after miners lobbied the Treasury for its removal citing its detrimental impact on operations and the commitment by industry pla...Published: 17 May 2022 at 06:31hrs | 3 | by Staff reporter
Naysayers will be buried in own ignorance
For Bishop Lazi and his ilk, today - Palm Sunday - marks the beginning of Holy Week.It is a sacred period that commemorates Jesus Christ's ‘triumphal entry' into Jerusalem for the Passover w...Published: 10 Apr 2022 at 08:08hrs | 2 | by Bishop Lazi
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
Russia optimistic on Zimbabwe investments despite war
RUSSIA is bullish about its investment prospects in Zimbabwe despite the current economic restrictions triggered by the ongoing special military operation in Ukraine by Russia. The Zimbabwe Independen...Published: 25 Mar 2022 at 17:58hrs | 3 | by Staff reporter
Mnangagwa son-in-law, adviser botch ZimCoke deal
A COURT application is set to be filed any day from now to legally and officially cancel the US$225 million ZimCoke deal to acquire assets of the now defunct state-owned Zimbabwe Iron and Steel Compan...Published: 12 Mar 2022 at 19:17hrs | 13 | by Staff reporter
Ukraine war hits Russia-Zimbabwe deals
RUSSIAN investments in Zimbabwe running into billions of United States dollars are under threat as the US and the European Union (EU) gang up in imposing restrictive sanctions on the Kremlin, its fina...Published: 11 Mar 2022 at 18:12hrs | 1 | by Staff reporter
Pushback over Chinese lithium push from US funded NGOs
A massive push by Chinese investors into Zimbabwe's multibillion dollar lithium mines has raised fresh fears of plunder with a leading resource campaigner pushing for stronger Parliamentary oversight....Published: 27 Feb 2022 at 07:34hrs | 4 | by Staff reporter
Zimbabwe edges closer to US$12bn target?
Government and private sector players in the mining industry are resolute in their commitments towards achieving the US$12 billion by 2023.Zimbabwe launched the Strategic Road to the Achieveme...Published: 03 Jan 2022 at 05:53hrs | 15 | by Staff reporter
'Mnangagwa must not contest the 2023 presidential election'
ZIMBABWEAN President Emmerson Mnangagwa must regularise his illegitimate leadership position, but not contest the 2023 presidential election, as he would be a geriatric by then, prominent corporate ex...Published: 30 Oct 2021 at 15:06hrs | 8 | by Staff reporter
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 | 11 | by Staff reporter
Russian fertiliser producer opens base in Zimbabwe
UNITED Fertiliser Company Limited (UFCL), a Russian firm with a global footprint, has opened a branch in Zimbabwe.The latest development comes at a time when the Government, under the Second R...Published: 29 Sep 2021 at 06:33hrs | 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 | 12 | 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 | 4 | 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 | 30 | 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 | 22 | 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
Mnangagwa-Tagwirei links getting clearer
THE other day I was talking to a respected colleague who said something that got me thinking hard and long.The colleague — who, sure, has access to President Emmerson Mnangagwa now and then ...Published: 11 Jul 2021 at 10:49hrs | 4 | by Tawanda Majoni
Kuvimba mining produces 311kgs gold
Kuvimba Mining House subsidiary, Fredda Rebecca Gold Mine has produced another milestone of 311kilogrammes of gold in June, which is the first for the mining firm.The achievement h...Published: 08 Jul 2021 at 14:12hrs | 1 | 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 | 15 | 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 | 2 | by Staff reporter
Gold mine hits 300kg mark in one month
MINING giant, Freda Rebecca Gold Mine has set a new record after it produced 300 kilogrammes of gold in May this year, a figure which was last recorded 20 years ago.Freda Rebecca Gold Mine is ...Published: 17 Jun 2021 at 06:13hrs | 3 | by Staff reporter
25 000 Sputnik V jabs boost for vaccination
Zimbabwe's battle against Covid-19 got a boost yesterday after the country took delivery of the first consignment of 25 000 doses of the Russian manufactured vaccine — Sputnik V — donated by a dia...Published: 10 Jun 2021 at 06:20hrs | 1 | by Staff reporter
Mystery of Kuda Tagwirei's assets in Zimbabwe revival plan
In December, the government of Zimbabwe announced a multibillion-dollar project called Kuvimba Mining House Ltd. that would hold some of the nation's most valuable gold, platinum, chrome and nickel mi...Published: 11 May 2021 at 09:02hrs | 13 | by Staff reporter
Third part soars cost of Mnangagwa copter
PRESIDENT Emmerson Mnangagwa cancelled a deal by his late predecessor Robert Mugabe to acquire a presidential helicopter from Russia opting for an Airbusmade superjet in a deal involving a third party...Published: 30 Apr 2021 at 07:29hrs | 1 | 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 | 2 | by Editor
Zimbabwe has great economic potential
RUSSIAN business executives and academics Sunday said there are enormous benefits in investing in Zimbabwe especially in the mining and agriculture sectors noting the country's promising economic pote...Published: 15 Mar 2021 at 06:32hrs | | by Staff reporter
AECAS Webinar on Russian Business in Zimbabwe
The Association of Economic Cooperation with African States (AECAS) together with the Institute of African Studies of the Russian Academy of Sciences, Russia–Zimbabwe Business Council, Vi Holding wi...Published: 13 Mar 2021 at 16:05hrs | 17 | by Kester Kenn Klomegah
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 | 1 | by Staff reporter
Second lawsuit filed against Mthuli Ncube
A second lawsuit has been filed against finance minister Mthuli Ncube's "unlawful" five-year tax exemption for platinum miner Great Dyke Investments.The company, which has set up a US$3 billio...Published: 15 Feb 2021 at 07:46hrs | | 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 | 10 | by Staff reporter
Tycoon Tagwirei's hold on Zim gold
BUSINESS kingpin Kudakwashe Tagwirei has long had a commanding position in Zimbabwe's US$100m-a-month fuel import market, and owns major stakes in banking, telecoms and the country's largest platinum ...Published: 10 Feb 2021 at 06:25hrs | | by Staff reporter
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