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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: 1 hr ago | 35 | 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 | 501 | 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 | 690 | 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 | 171 | 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 | 197 | 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 | 231 | 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 | 221 | 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 | 615 | 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 | 499 | 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 | 449 | 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 | 1431 | 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 | 787 | 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 | 538 | 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 | 267 | 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 | 1004 | 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 | 224 | 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 | 435 | 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 | 87 | 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 | 622 | 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 | 1125 | 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 | 676 | 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 | 112 | 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 | 516 | 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 | 573 | 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 | 248 | 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 | 130 | 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 | 1054 | 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 | 151 | 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 | 577 | 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 | 575 | 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 | 1306 | 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 | 187 | 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 | 179 | by Staff reporter
Here's who won Zimbabwe govt's biggest road tenders
The Ministry of Transport handed out millions of dollars' worth of contracts for roadworks in the first quarter of the year. Here are some of the biggest winners.Top of the pile? Fossil...Published: 04 Jul 2025 at 14:30hrs | 27417 | by Staff reporter
ZB major shareholder blocks Ernst & Young appointment
ZB Financial Holdings' (ZBFH) attempt to re-appoint Ernst & Young (EY) as its external auditors for the 2025 financial year stalled last week after major shareholder Transnational Holdings objecte...Published: 04 Jul 2025 at 12:53hrs | 519 | by Staff reporter
Ousted NSSA boss tags Mnangagwa in letter blasting ministerial move
Emmanuel Fundira, the recently dismissed chairperson of the National Social Security Authority (Nssa), has mounted a bold legal challenge against his abrupt termination, casting a spotlight on governa...Published: 04 Jul 2025 at 12:29hrs | 467 | by Staff reporter
Zimbabwe gold exports jump 25% in June
Zimbabwe's gold exports soared by 24 percent in the first five months of 2025, reaching US$748 million compared to US$599.2 million during the same period in 2024, according to figures released by the...Published: 04 Jul 2025 at 09:22hrs | 142 | by Staff reporter
Tagwirei awaits Central Committee ratification
The recent nominations of new members to the Zanu PF Central Committee, including prominent businessman Kudakwashe Tagwirei, await formal ratification at the ruling party's next Central Committee meet...Published: 04 Jul 2025 at 07:52hrs | 1063 | by Staff reporter
Magunje cement project accused of rights abuses, displacements
The Centre for Natural Resource Governance (CNRG) has issued a scathing report accusing developers of the US$1 billion Magunje cement and mining project of widespread human rights abuses, forced displ...Published: 04 Jul 2025 at 07:50hrs | 202 | by Staff reporter
Zimbabwe hit by nationwide power outage
Zimbabwe experienced a nationwide power outage on Thursday afternoon after a major system disturbance knocked out power generation at Kariba and Hwange power stations, the country's main electricity s...Published: 03 Jul 2025 at 16:41hrs | 1552 | by Staff reporter
Faith Zaba spends third night in detention
Zimbabwe Independent editor Faith Zaba will spend her third night behind bars after a power outage at the Harare Magistrates Court on Thursday delayed the delivery of a crucial bail ruling.Mag...Published: 03 Jul 2025 at 16:19hrs | 284 | by Staff reporter
Tagwirei dishes out over 300 vehicles to Zanu-PF central committee members
Zanu-PF benefactor and Sakunda Holdings boss Kudakwashe Tagwirei was allowed into the party's politburo on Wednesday to make a presentation on "resource mobilisation."Tagwirei, rumoured to be ...Published: 03 Jul 2025 at 11:35hrs | 1072 | by Staff reporter
Chinese miner in Zimbabwe grave rights abuses storm
The Centre for Natural Resource Governance (CNRG) has called on the Zimbabwean government to urgently intervene and halt alleged human rights abuses being committed by a Chinese-linked mining company ...Published: 03 Jul 2025 at 09:14hrs | 365 | by Staff reporter
First Mutual Holdings suffers US$27 million loss
Financial services group First Mutual Holdings Limited (FMHL) has reported a significant after-tax loss of US$27.11 million for the financial year ended December 31, 2024, reversing the previous year'...Published: 02 Jul 2025 at 12:05hrs | 229 | by Staff reporter
Faith Zaba arrested over satirical article attacking Mnangagwa
Faith Zaba, the editor of the Zimbabwe Independent, was arrested on Tuesday in connection with a satirical article published in the weekly newspaper, reigniting deep concerns over the state of press f...Published: 01 Jul 2025 at 20:39hrs | 1723 | by Staff reporter
Legislating patriotism will never silence Zimbabwe's real patriots
The circus of Zimbabwe continues!Once again, we find ourselves witnessing the familiar theatrics of excitable ZANU PF legislators, now feverishly pushing for the enactment of a so-called "Nati...Published: 01 Jul 2025 at 11:03hrs | 88 | by Tendai Ruben Mbofana
Zim industry leaders call for Unified Taxation System
Zimbabwe's business community has raised concerns over the country's fragmented taxation system, urging the government to adopt a unified tax framework to alleviate the heavy burden of multiple taxes ...Published: 01 Jul 2025 at 08:20hrs | 134 | by Staff reporter
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