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Top Zimbabwe business executive arrested for fraud
Prominent corporate executive Never Mhlanga is expected to appear in court this morning facing fraud charges linked to the controversial sale of Montclair Hotel and Casino in Juliasdale, Nyanga, to th...Published: 26 Aug 2025 at 13:09hrs | 2745 | by Staff reporter
Zimbabwe, Qatar sign 3 agreements
Zimbabwe and Qatar have signed three agreements aimed at strengthening cooperation across key sectors of the economy.The deals, signed between Qatar's Al Mansour Holdings and various Zimbabwea...Published: 25 Aug 2025 at 20:51hrs | 132 | by Staff reporter
Mnangagwa hosts Qatari delegation at State House
A high-level Qatari delegation led by His Highness Sheikh Mansour Bin Jabor Bin Jassim Al Thani is set to meet President Emmerson Mnangagwa at State House today to deepen diplomatic and economic coope...Published: 25 Aug 2025 at 06:05hrs | 633 | by Staff reporter
Traders seek Chiwenga's help over market fees
Vice-President Constantino Chiwenga has been dragged into a heated dispute at Harare's Mbare Musika retail market, where traders are protesting against what they describe as "extortionist fees" and ex...Published: 24 Aug 2025 at 09:21hrs | 130 | by Staff reporter
Qatari royalty to meet Mnangagwa
His Highness Sheikh Mansour Bin Jabor Bin Jassim Al Thani, a senior member of Qatar's ruling family, expressed admiration for the grandeur of the Victoria Falls Rainforest during a visit yesterday, ah...Published: 24 Aug 2025 at 09:18hrs | 170 | by Staff reporter
Ken Sharpe blasts incompetent Harare council
Prominent property mogul Ken Sharpe has launched a scathing attack on the Harare City Council, accusing it of stifling economic growth through poor service delivery, exorbitant fees, and what he descr...Published: 20 Aug 2025 at 18:18hrs | 495 | by Staff reporter
CBZ appoints Group Chief Risk Officer
CBZ Holdings has announced the appointment of Eunice Mujekenyeki as its new Group Chief Risk Officer, bringing over two decades of experience in the financial services sector to the role.Ms. M...Published: 20 Aug 2025 at 18:15hrs | 555 | by Staff reporter
AMH workers go 9 months without pay
Alpha Media Holdings (AMH), publishers of NewsDay, Zimbabwe Independent and The Standard, has come under fire after going nine months without paying its employees, sparking outrage among journalists a...Published: 20 Aug 2025 at 14:51hrs | 658 | by Staff reporter
If Mnangagwa wants to know what 'nyika inovakwa nevene vayo' really means, he should learn from Rhodesians!
Sometimes, words are cheap, and it is often those who boast the most who achieve the least.When the late Robert Mugabe popularized the phrase 'nyika inovakwa nevene vayo' - and his successor E...Published: 19 Aug 2025 at 08:08hrs | 426 | by Tendai Ruben Mbofana
'Over 2 000 jobs created at Manhize'
Over 2,000 jobs have already been created at Dinson Iron and Steel Company (Disco) in its first operational phase, with the number expected to double as the US$1 billion project expands, a senior gove...Published: 18 Aug 2025 at 20:48hrs | 287 | by Staff reporter
Bryden School in Chegutu battles Chinese firm
Bryden Country School in Chegutu is embroiled in a heated legal battle with Chinese-owned Shuntai Holdings over the construction of a lime and cement factory just 497 metres from its boundary - a proj...Published: 18 Aug 2025 at 14:50hrs | 780 | by Staff reporter
FBC urges clear Zimbabwe de-dollarisation framework
FBC Holdings Limited has called on the Reserve Bank of Zimbabwe (RBZ) to establish a clear and credible framework for de-dollarisation to ease pressure on the country's foreign currency reserves....Published: 15 Aug 2025 at 08:55hrs | 404 | by Staff reporter
Zimbabwe needs US$10 billion to fix power crisis
Zimbabwe will require up to US$10 billion in energy sector investment over the next decade to meet rising electricity demand and address chronic power shortages, according to a new report by Veritas, ...Published: 10 Aug 2025 at 10:15hrs | 129 | by Staff reporter
ZimRe pushes to recover funds frozen in US
Financial services giant ZimRe Holdings Limited (ZHL) is mounting a fresh bid to reclaim more than US$1,1 million still locked in the United States from the sanctions era, chief executive officer Stan...Published: 08 Aug 2025 at 08:37hrs | 210 | by Staff reporter
Tagwirei not active on social media
Sakunda Holdings has issued a strong public warning regarding a growing number of fake social media accounts impersonating prominent businessman Dr Kudakwashe Tagwirei.In an official statement...Published: 07 Aug 2025 at 15:35hrs | 794 | by Staff reporter
Manyere, Nyengedza at centre of SA company collapse
Two prominent Zimbabwean businessmen, George Manyere and Godwin Nyengedza, are at the heart of the dramatic collapse of Afristrat Investment Holdings - a South African financial services firm formerly...Published: 04 Aug 2025 at 17:15hrs | 519 | by Staff reporter
US$4 billion smart city takes shape in Harare
Zimbabwe's capital is taking a major step toward modern urban living with the groundbreaking of Pomona Flats, a high-rise residential complex forming part of the ambitious US$4 billion Pomona City pro...Published: 02 Aug 2025 at 13:23hrs | 694 | by Staff reporter
RBZ Chief charts path to monetary stability
Reserve Bank of Zimbabwe (RBZ) Governor Dr. John Mushayavanhu says the central bank is making steady progress in consolidating price stability, growing foreign reserves, and reinforcing the banking se...Published: 01 Aug 2025 at 13:12hrs | 174 | by Staff reporter
Zimbabwe miners weather power crisis
Zimbabwe's mining industry says it has largely been shielded from the worst of the country's electricity shortages thanks to a targeted power rationing strategy that prioritises the sector. But operat...Published: 01 Aug 2025 at 08:33hrs | 202 | by Staff reporter
Dynamos boost player bonuses, hire psychologists
Facing the real threat of Castle Lager Premier Soccer League relegation, Dynamos have moved to boost morale and performance by increasing player winning bonuses by more than 300% and hiring sports psy...Published: 01 Aug 2025 at 08:17hrs | 236 | by Staff reporter
Dairibord warns of rising costs
Dairibord Holdings Limited, one of Zimbabwe's largest publicly listed milk processors, has sounded the alarm over a tough operating environment that has driven up costs, squeezed margins, and weighed ...Published: 31 Jul 2025 at 12:54hrs | 224 | by Staff reporter
Biti demands judicial inquiry into Trabablas Interchange project
Former Finance Minister Tendai Biti has called for a forensic audit and the establishment of a judicial commission of inquiry into the staggering US$114 million cost of the newly commissioned Trababla...Published: 30 Jul 2025 at 18:18hrs | 619 | by Staff reporter
Tagwirei must be stopped, says Biti
Former Finance Minister Tendai Biti has launched a scathing attack on controversial businessman Kudakwashe Tagwirei, accusing him of plundering Zimbabwe's economy and warning that his presidential amb...Published: 29 Jul 2025 at 15:47hrs | 504 | by Staff reporter
Harare City Council rot exposed
The Auditor-General has raised red flags over Harare City Council's financial records for the year 2021, citing major inconsistencies and missing documentation that hindered a proper audit of the city...Published: 29 Jul 2025 at 08:35hrs | 450 | by Staff reporter
Traffic lights scandal hits Trabablas, authorities mum
HARARE - Over US$2 million might have been siphoned towards procurement and installation of counterfeit traffic lights at the Trabablas Interchange (former known as Mbudzi roundabout/interchange), wit...Published: 28 Jul 2025 at 22:46hrs | 1470 | by Gideon Madzikatidze
Tourism hopes derailed by neglected road infrastructure
Hopes of transforming Kariba into a premier tourist destination are being undermined by chronic neglect of road infrastructure, with stakeholders voicing growing frustration over the government's inac...Published: 28 Jul 2025 at 14:51hrs | 165 | by Staff reporter
RBZ reveals strategy towards shift to mono-currency
Zimbabwe's central bank is stepping up efforts to build up foreign currency reserves in preparation for a planned transition to a mono-currency regime by 2030, Reserve Bank of Zimbabwe (RBZ) Governor ...Published: 25 Jul 2025 at 18:01hrs | 807 | by Staff reporter
If Regimond Tagwirei became President, he will not steal much!
Stealing revenues in national coffers will continue if Ambassador Christopher Mutsvangwa became president. It is not the same if Regimond Tagwirei: In Zambia looting became a thing of the past when Ha...Published: 25 Jul 2025 at 16:07hrs | 545 | by Nomazulu Thata
ZB faces shareholder revolt
ZB Financial Holdings (ZBFH) is once again embroiled in a shareholder dispute, as long-simmering tensions with prominent investor Nicholas Vingirai flare up over allegations of flawed audit procedures...Published: 25 Jul 2025 at 14:09hrs | 268 | by Staff reporter
ZESA appoints interim leaders
ZESA Holdings has announced key interim leadership changes in the wake of the sudden passing of its executive chairman, Dr. Sydney Gata.In an internal circular seen by this publication, the st...Published: 24 Jul 2025 at 20:27hrs | 1006 | by Staff reporte
Zesa to install cameras on transformers
ZESA Holdings has launched a nationwide anti-vandalism initiative that will see the installation of surveillance cameras, alarms, and sensors on electricity transformers in a bid to curb the rampant d...Published: 23 Jul 2025 at 09:08hrs | 225 | by Staff reporter
UK overtakes China as second-largest US Treasury holder
China's recorded holdings of US Treasuries have fallen below those of the UK for the first time since the start of the century, underlining a shift in Beijing's management of its foreign reserves....Published: 21 Jul 2025 at 19:41hrs | 344 | by Staff reporter
Harare plunged into darkness as Zesa switches off tower lights
Harare's last remaining tower lights were switched off this week, plunging Zimbabwe's capital further into darkness - a stark metaphor for the city's deepening governance crisis and financial dysfunct...Published: 18 Jul 2025 at 14:46hrs | 437 | by Staff reporter
Zesa spreads prepaid meters to farms
ZESA Holdings has been ordered to implement prepaid and smart electricity meters across all sectors of the economy by October this year, a government move aimed at enhancing revenue collection and cur...Published: 18 Jul 2025 at 08:30hrs | 88 | by Staff reporter
Mutapa, Jindal Steel seal US$455m deal
The Mutapa Investment Fund (MIF) has finalized a $455 million concession agreement with Indian conglomerate Jindal Steel and Power Company for the rehabilitation of Units 1 to 6 at Hwange Therma...Published: 17 Jul 2025 at 20:58hrs | 632 | by Staff reporter
Zimbabwe wins USA US$50m lawsuit
THE District of Columbia (DC) Circuit on Tuesday overturned a ruling ordering Zimbabwe to face litigation to enforce an 11-yearold US$50 million arbitral award stemming from an ill-fated mining deal, ...Published: 17 Jul 2025 at 08:56hrs | 1126 | by Staff reporter
Mutapa to shake-up State firms
Mutapa Fund Plots Major Shake-Up of State-Owned Enterprises to Enforce Governance and ProfitabilityZimbabwe's sovereign wealth vehicle, the Mutapa Investment Fund, is preparing to roll out swe...Published: 13 Jul 2025 at 16:12hrs | 680 | by Staff reporter
Gwanda, St Luke's hospitals still lack capacity to handle mental patients
A recent parliamentary investigation into youth empowerment, development, vocational training, and the state of drug and substance abuse treatment in Zimbabwe has exposed a severe shortage of rehabili...Published: 13 Jul 2025 at 11:42hrs | 114 | by Staff reporter
Zimbabwe asset managers shift away from equities
The Securities and Exchange Commission of Zimbabwe (SecZim) has called on the Zimbabwe Stock Exchange (ZSE) to urgently work on recovering lost market share, amid revelations that local asset managers...Published: 11 Jul 2025 at 09:15hrs | 519 | by Staff reporter
AMH editor-in-chief appears in court
The editor-in-chief of Alpha Media Holdings (AMH), Kholwani Nyathi, appeared in court on Thursday representing the media company as it faces charges of undermining the authority of President Emmerson ...Published: 10 Jul 2025 at 20:39hrs | 575 | by Staff reporter
Companies reel under crippling costs, regulatory chaos
Zimbabwe's formal business sector is under severe strain as economic pressures mount, with industry leaders warning that ongoing policy inconsistencies, regulatory confusion, and worsening macroeconom...Published: 10 Jul 2025 at 09:08hrs | 252 | by Staff reporter
Zimbabwe's foreign currency reserves surge
Zimbabwe's foreign currency reserves have maintained strong momentum, with the Reserve Bank of Zimbabwe (RBZ) reporting that, by the end of June 2025, the reserve holdings were more than three times h...Published: 10 Jul 2025 at 08:56hrs | 131 | by Staff reporter
Trevor Ncube's AMH charged for 'insulting' Mnangagwa
A week after the arrest of Zimbabwe Independent editor Faith Zaba, the Zimbabwean government has escalated its legal crackdown on independent media by charging the newspaper's parent company, Alpha Me...Published: 09 Jul 2025 at 19:15hrs | 1057 | by Staff reporter
Zimbabwe govt to set up oxygen plant in Lupane
The Government is setting up a medical oxygen production plant in Lupane, Matabeleland North Province, as part of a broader national strategy to boost self-sufficiency in critical healthcare supplies....Published: 09 Jul 2025 at 07:56hrs | 152 | by Staff reporter
How Tagwirei's ascent threatens - and could reward - investors
Zimbabwe's political landscape has erupted into a new era of factionalism, with sanctioned tycoon Kudakwashe Tagwirei's meteoric rise within the ruling ZANU-PF party becoming a flashpoint. As the 2028...Published: 08 Jul 2025 at 15:18hrs | 579 | by Harrison Brooks
AMH Crisis Rages On: Journalists humiliated as marketing and distribution staff treated better
The crisis at Zimbabwe's leading privately owned media house, Alpha Media Holdings (AMH), continues to deepen, with journalists bearing the brunt of the company's financial turmoil.Only editor...Published: 08 Jul 2025 at 14:04hrs | 580 | by Staff Reporter
Tagwirei unveils a wave of philanthropic gestures
Business tycoon Kudakwashe Tagwirei made a dramatic return to the political spotlight over the weekend in Epworth, just days after ZANU PF postponed a decision on his admission to the party's Central ...Published: 08 Jul 2025 at 12:19hrs | 1311 | by Staff reporter
Gata declared national hero
ZESA Holdings executive chairperson, Dr Sydney Gata, who passed away last Thursday in Harare after a short illness, has been declared a national hero and will be buried at the National Heroes Acre on ...Published: 05 Jul 2025 at 17:50hrs | 1297 | by Staff reporter
Mucheke main bridge now 58% complete
The much-anticipated construction of the Mucheke main bridge in Masvingo is advancing steadily, with authorities confirming that the project is now 58 percent complete and expected to be finished by t...Published: 05 Jul 2025 at 15:00hrs | 188 | by Staff reporter
Gono exposes former employees
Former Reserve Bank of Zimbabwe (RBZ) governor Gideon Gono has laid bare explosive allegations against his former employees Clark and Beverly Makoni, accusing the couple of fraudulently taking control...Published: 05 Jul 2025 at 14:53hrs | 185 | by Staff reporter
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