Search / Holdings
Tagwirei amassed his wealth through legal means
Former opposition politician Eddie Cross has defended Zanu-PF-affiliated business magnate Kudakwashe Tagwirei, asserting that the billionaire's wealth was accumulated through lawful means.Tagw...Published: 25 Mar 2024 at 06:31hrs | 1961 | by Staff reporter
Cross fights in Tagwirei's corner
BUSINESS tycoon Kudakwashe Tagwirei made his wealth in the fuel sector and did not use any political connections to achieve his status, President Emmerson Mnangagwa's biographer Eddie Cross has said....Published: 25 Mar 2024 at 05:29hrs | 872 | by Staff reporter
Mnangagwa's US re-engagement failure complete
ONE of the biggest ambitions that President Emmerson Mnangagwa haboured when he took over power following a military coup in 2017 was to re-engage the United States and end its embargo on Harare....Published: 21 Mar 2024 at 19:45hrs | 1031 | by Staff reporter
FML bosses fleece policyholders
FIRST Mutual Life Assurance (FML) managers set up an employee mortgage scheme and an employee staff loan scheme without the knowledge of the board, resulting in policyholders being prejudiced of more ...Published: 21 Mar 2024 at 19:45hrs | 1598 | by Staff reporter
Zesa struggling to clear debts
ZESA Holdings has revealed that it is barely managing to meet its foreign and local obligations owing to the country's tight economic situation.The utility is struggling to service a US$2 bill...Published: 20 Mar 2024 at 06:34hrs | 377 | by Staff reporter
Zesa smart meter tender challenge dismissed
A LOCAL company, Denallare Technologies Pvt Ltd, unsuccessfully filed for an application for condonation at the Supreme Court, challenging the Zimbabwe Electricity Transmission and Distribution Compan...Published: 19 Mar 2024 at 17:35hrs | 215 | by Staff reporter
Power outage hits Zimbabwe
ZESA Holdings has said the national grid experienced a system disturbance this morning at 0938 hours, which resulted in the loss of generation at the Hwange Power Station.Many areas around the...Published: 13 Mar 2024 at 12:47hrs | 928 | by Staff reporter
'Mutapa Investment Fund mustn't become conduit for looting'
AS prevalence of public sector corruption reaches alarming levels, the International Monetary Fund (IMF) has demanded that Zimbabwean authorities ensure the newly-established Mutapa Investment Fund (M...Published: 11 Mar 2024 at 09:09hrs | 392 | by Staff reporter
Mnangagwa surrounded by a 'corrupt business network' says the US
ZIMBABWEAN President Emmerson Mnangagwa is involved in corrupt activities, in particular those relating to gold and diamond smuggling networks, United States President Joe Biden and his government say...Published: 10 Mar 2024 at 06:54hrs | 2310 | by Staff reporter
Mnangagwa niece's legacy woes haunt ZBC
THE Zimbabwe Broadcasting Corporation (ZBC) is grappling with serious management challenges linked to Helliate Rushwaya - the newly appointed board chair - during her tenure as the acting chief execut...Published: 10 Mar 2024 at 06:51hrs | 1619 | by Staff reporter
Sakunda remain Bosso principal sponsors
HIGHLANDERS on Friday evening got the much-needed financial boost to wage a serious challenge for honours in Zimbabwe football when BetterBrands stepped up as co-sponsors of the football giants....Published: 10 Mar 2024 at 06:25hrs | 116 | by Staff reporter
Uncle Sam not letting go of little Zimbabwe
THERE is something interesting about the new United States sanctions regime announced this week. Besides President Joseph Biden making a statement, the US National Security Council made one too. What ...Published: 09 Mar 2024 at 09:16hrs | 250 | by Paidamoyo Muzulu
Highlanders secure partnership with Pedzai 'Scot' Sakupwanya
HIGHLANDERS have partnered Better Brands ahead of the start of the new season, in a move that is set to ease the club's financial burden.Better Brands is owned by businessman and Mabvuku-Tafar...Published: 09 Mar 2024 at 09:15hrs | 349 | by Staff reporter
Zanu-PF MP to sponsor Bosso?
HIGHLANDERS are set to receive a major boost ahead of their first big Castle Lager Premier Soccer League match of the season following a sponsorship deal between the club and Better Brands to be unvei...Published: 08 Mar 2024 at 05:11hrs | 1527 | by Staff reporter
ZETDC gets away with US$200 fine for culpable homicide
The Zimbabwe Electricity Transmission and Distribution Company(ZETDC) has received a lighter sentence, a US$200 fine, for causing the electrocution of a Buhera man on March 3, 2022.The N...Published: 08 Mar 2024 at 05:08hrs | 212 | by Staff reporter
Zanu-PF gate-crashes US's sanctions Press briefing
Zanu-PF yesterday accused the United States of shutting the door for engagement after its members were barred from gate-crashing a Press conference where US embassy officials were explaining the new s...Published: 07 Mar 2024 at 05:11hrs | 2262 | by Staff reporter
Zimbabwe must deal with currency volatility causes, not symptoms
THE United Nations Economic Commission for Africa (Uneca) executive secretary Claver Gatete this week said Zimbabwe should deal with the root causes of currency volatility not symptoms.Gatete ...Published: 07 Mar 2024 at 05:10hrs | 418 | by Staff reporter
Manhize steel Plant to start production
THE majority of critical infrastructure at the US$1,5 billion Dinson Iron and Steel Company (Disco) steel plant in Manhize near Mvuma in the Midlands province has been successfully installed with the ...Published: 07 Mar 2024 at 05:04hrs | 231 | by Staff reporter
US slams door on Mnangagwa
UNITED States Senate Foreign Relations member Jim Risch and analysts have said the sanctioning of President Emmerson Mnangagwa for corruption and human rights violations is a damning indictment of his...Published: 06 Mar 2024 at 20:53hrs | 397 | by Staff reporter
Mthuli Ncube wants all sanctions removed
THE piecemeal removal of sanctions imposed on Zimbabwe by the United States has been described as a step in the right direction, although the country prefers to have the illegal embargo completely rem...Published: 06 Mar 2024 at 04:46hrs | 575 | by Staff reporter
United States sanctions on Zimbabwe: who is off the list, who is on?
The United States on Monday sanctioned Zimbabwe's President Emmerson Mnangagwa, first lady Auxillia Mnangagwa and other government officials for their alleged involvement in corruption and human...Published: 05 Mar 2024 at 19:39hrs | 1016 | by Staff reporter
Luxury estate to launch in May
WESTPROP Holdings chief executive Ken Sharpe has revealed that the company will launch the highly-anticipated US$100 million mixed use Hills Luxury Lifestyle Estate in May this year."It is wit...Published: 05 Mar 2024 at 04:58hrs | 535 | by Staff reporter
US makes piecemeal adjustments to Zimbabwe sanctions
THE United States yesterday made piecemeal adjustments to its targeted sanctions on Zimbabwe signalling the success of the country's engagement and re-engagement drive under President Mnangagwa....Published: 05 Mar 2024 at 04:56hrs | 491 | by Staff reporter
Matinyarare's 'Innscor has destroyed the taste of Zim food' comments cause consternation
If Zimbabwe Stock Exchange (ZSE)-listed food giant Innscor was hoping to avoid press scrutiny, it could hardly have chosen a more self-destructive path than seeking a gag order against journalist Rute...Published: 04 Mar 2024 at 21:20hrs | 919 | by Staff reporter
US issues fresh sanctions on Mnangagwa and 8 others, terminates 2003 curbs
The United States on Monday terminated a Zimbabwe sanctions programme and reimposed curbs on nine people and three entities, including President Emmerson Mnangagwa, over their involvement in corruptio...Published: 04 Mar 2024 at 18:33hrs | 488 | by Staff reporter
Starlink scandal exposes ZBC rot
One of the reasons former Zimbabwe Broadcasting Corporation (ZBC) chief executive officer Adelaide Chikurungu was pushed out was because she allegedly acquired a Starlink internet kit for the state br...Published: 03 Mar 2024 at 08:50hrs | 2127 | by Staff reporter
Lake Mutirikwi hydro power plant nears completion
THE US$14,6 million hydro power plant that has a rated output of five megawatts of electricity that will be added to the national grid is now 70 percent complete and is expected to be commissioned in ...Published: 03 Mar 2024 at 08:45hrs | 274 | by Staff reporter
EU shuts door on Zimbabwe financing
EUROPEAN Union (EU) ambassador to Zimbabwe, Jobst von Kirchmann, says the bloc will not lend to the southern African country owing to arrears even if sanctions are lifted.The EU ambassador sai...Published: 29 Feb 2024 at 05:02hrs | 951 | by Staff reporter
Coltart hails Bulawayo water crisis 'consensus' meeting
Bulawayo mayor David Coltart said there was now a "broad consensus" to solve the city's perennial water problems after a meeting with water minister Anxious Masuka on Wednesday.Coltart has bee...Published: 28 Feb 2024 at 18:45hrs | 760 | by Staff reporter
Nyarota's latest book takes aim at opposition
Journalist Geoffrey Nyarota has released his latest book, 'The Journalist as an Outcast: Perils of Investigative Reporting in Zimbabwe.'Alpha Media Holdings chairman, Trevor Ncube was the gues...Published: 25 Feb 2024 at 09:25hrs | 452 | by Staff reporter
Disco's US$1,5 billion steel plant complete
CONSTRUCTION of the US$1,5 billion steel plant in Manhize near Mvuma is complete, with the project tentatively set for commissioning on June 10 this year.The plant, which is touted to be Afric...Published: 25 Feb 2024 at 07:06hrs | 198 | by Staff reporter
Harare businessman loses US$1,5 million home
Prominent Harare businessman, Tendai Mashamhanda has lost his bid to save his US$1,5 million upmarket home after Supreme Court judges ruled he acquired the property fraudulently while under judicial a...Published: 24 Feb 2024 at 14:01hrs | 1130 | by Staff reporter
Zesa decommissions three thermal stations
Zimbabwe's power utility, Zesa Holdings, has begun the process of decommissioning three small thermal power plants due to their deteriorating conditions and rising operational costs.According ...Published: 24 Feb 2024 at 07:35hrs | 223 | by Staff reporter
US$54 million Gwanda Lithium Mine employs 300
A TOTAL of 300 workers mainly locals have been employed at the newly-established Gwanda Lithium Mine Zimbabwe at Mandihongola area in Matebeleland South province, in yet another milestone investment u...Published: 21 Feb 2024 at 07:16hrs | 164 | by Staff reporter
Sikhala says Zanu-PF blocked him from 2023 polls
FORMER Zengeza West Member of Parliament Job Sikhala has accused Zanu-PF of locking him up to block him from taking part in the 2023 general election.In an interview with Alpha Media Holdings ...Published: 20 Feb 2024 at 05:06hrs | 1561 | by Staff reporter
Chiwenga launches AVM Prototype City Bus
The Vice President General (Rtd) Dr CGDN Chiwenga today witnessed the signing of an MOU between AVM Africa and Minsk Auto Mobile Plant of Belarus. The MOU aims to ease transport challenges through the...Published: 19 Feb 2024 at 13:10hrs | 2809 | by Staff reporter
RBZ boss designate hits ground running
JOHN Mushayavanhu, the incoming governor of the Reserve Bank of Zimbabwe (RBZ), has already started contributing to the 2024 monetary policy statement (MPS), getting things going right away, Sta...Published: 18 Feb 2024 at 09:19hrs | 1204 | by Staff reporter
IMF trashes Zimbabwe inflation statistics
Government last year directed the Zimbabwe National Statistics Agency (Zimstat) to stop publishing local currency indexed inflation and switch to the blended rate, which it said was ideal as the count...Published: 16 Feb 2024 at 15:22hrs | 575 | by Staff reporter
CBZ opens Johannesburg office
CBZ Bank Limited, a wholly-owned subsidiary of the diversified and listed financial services group CBZ Holdings (CBZH), has opened a new office in Sandton, Johannesburg, South Africa.CBZH prov...Published: 12 Feb 2024 at 13:53hrs | 464 | by Staff reporter
Deputy PG implicated in gold mine scandal
ZIMBABWE'S acting deputy prosecutor-general, Michael Reza, is facing allegations of "conspiracy" and "sabotage" in connection with disputed gold claims in Bindura, documents obtained by Truth Diggers ...Published: 09 Feb 2024 at 10:01hrs | 1227 | by Staff reporter
Parliament tears into court e-system
THE Parliamentary Legal Committee (PLC) has thrown a wrench into the US$3,8 million Integrated Electronic Case Management System (IECMS), issuing a scathing report that questions the fairness and acce...Published: 08 Feb 2024 at 04:30hrs | 443 | by Staff reporter
Matanga told to guard Chitando's docket
A FIRM embroiled in a fight for control of gold claims at a Bindura mine has petitioned the commissioner general of the Zimbabwe Republic Police (ZRP) Godwin Matanga, over a docket opened against form...Published: 02 Feb 2024 at 17:27hrs | 3548 | by Staff reporter
Zimbabwe Minister sued for gold mine ‘fraud'
A HARARE resources firm has slapped former Mines minister, Winston Chitando with a slew of criminal charges for allegedly corruptly awarding lucrative gold claims in Bindura to a rival miner.T...Published: 02 Feb 2024 at 17:21hrs | 938 | by Staff reporter
Zimbabwe forex policy chokes exporters
LISTED agricultural concern Ariston Holdings says the 25% export retention coupled with the huge disparity between the interbank exchange rate and the fair market rate used by suppliers is making some...Published: 31 Jan 2024 at 06:59hrs | 452 | by Staff reporter
Sex scandal brings down ex-CZI boss
Sex has brought down powerful men - kings, politicians, chief executives, clergymen and professors - who abuse power in Zimbabwe and elsewhere in contemporary times, as it was the case in history....Published: 29 Jan 2024 at 06:22hrs | 971 | by Staff reporter
Sibanda engages Bosso's Harare fans
HIGHLANDERS chairman Johnfat Sibanda believes he still has a lot to offer at the club and re-election in the upcoming elections will allow him to take the club to another level. Sibanda will g...Published: 26 Jan 2024 at 04:39hrs | 77 | by Staff reporter
Dynamos on the verge of renewing its sponsorship contract with Sakunda
Dynamos is on the verge of renewing its sponsorship contract with principal backers Sakunda Holdings. The previous sponsorship agreement with Sakunda Holdings expired last year, concluding a three-yea...Published: 25 Jan 2024 at 04:18hrs | 211 | by Staff reporter
ZESA Holdings sued US$36,000 for breaching contract
ZESA Holdings is facing legal action from a security company, Manifest Security (Private) Limited, which is seeking US$36,660 in damages for an alleged breach of a services contract. The plaintiff's c...Published: 23 Jan 2024 at 05:04hrs | 691 | by Staff reporter
2 500 Cowdray Park houses connect to Zesa
FOR almost two decades, Mrs Juliet Sithole was not able to use a fridge while her children were somewhat divorced from watching cartoons on television and playing video games. They would use t...Published: 21 Jan 2024 at 07:24hrs | 201 | by Staff reporter
Innscor goes after Zanu-PF activist
Innscor Africa has obtained a takedown order against Zanu-PF social media activist Benson Rutendo Matinyarare, who posted videos online accusing the company of "destroying the taste of Zimbabwean food...Published: 17 Jan 2024 at 05:05hrs | 1427 | by Staff reporter
Load More Stories