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Zimbabwe misses mineral revenue target
Zimbabwe faces a challenging economic outlook for 2024, with economists warning of reduced foreign exchange reserves, diminished government revenue, and decreased economic activity due to lower global...Published: 19 Jul 2024 at 06:20hrs | 538 | by Staff reporter
Zimbabwe School of Mines to venture into jewellery-making
The Zimbabwe School of Mines (ZSM) in Bulawayo is expanding its Gemstone and Lapidary Workshop to include jewellery-making, aiming to diversify and boost the city's economy through the lucrative gemst...Published: 07 Jul 2024 at 10:34hrs | 6 | by Staff reporter
Reserve Bank of Zimbabwe appoints tainted Mpofu
TRUST, confidence and credibility of the Reserve Bank of Zimbabwe (RBZ) has been put at stake after the new central bank governor John Mushayavanhu appointed tainted banker Morris Bekezela Mpofu as hi...Published: 19 May 2024 at 11:54hrs | 12 | by Staff reporter
Mnangagwa regime doing the work of US sanctions in Zimbabwe!
My own views on this sanctions issue have always been that we needed to prove these measures were the cause of our suffering. I have never denied that there have been targeted sanctions impose...Published: 06 Mar 2024 at 23:01hrs | 5 | by Tendai Ruben Mbofana
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 | 4 | by Staff reporter
Zimbabwean diamonds not as valuable as widely believed
The Minerals Marketing Corporation of Zimbabwe (MMCZ) has disclosed that local diamonds, primarily found in Manicaland Province, do not possess the widely assumed high value, with approximately 75% of...Published: 25 Oct 2023 at 06:32hrs | 8 | by Staff reporter
Chiwenga mourns Muzenda's son
Tongai Muzenda who died in a road accident on Wednesday, was "a pillar of the community, astute business executive and fine gentlemen who served his country with distinction", Vice President Dr Consta...Published: 30 Apr 2023 at 08:55hrs | 1 | by Staff reporter
Mnangagwa mourns Tongai Muzenda
PRESIDENT Mnangagwa has expressed shock and sadness at the death of former Public Service, Labour and Social Welfare Deputy Minister and son to the late Vice President Simon Muzenda, Tongai, who passe...Published: 28 Apr 2023 at 06:56hrs | 1 | by Staff reporter
Zimbabwean engineer opens gemological lab in Kabul
Former Minerals Marketing Corporation of Zimbabwe (MMCZ) evaluator and gemologist, engineer Clever Sithole, has opened a laboratory in Kabul, Afghanistan, to unlock the true value of gemstones and cur...Published: 24 Mar 2023 at 23:06hrs | | by Staff reporter
Zimbabwe miners hail raw base minerals export ban
MANY in mining, including representatives of small-scale miners, have backed the Government ban on export of all ores and under-processed minerals, except where special exemptions are obtained in limi...Published: 09 Jan 2023 at 06:57hrs | 1 | by Staff reporter
Zapu says Zanu-PF has no right to blame Mugabe for current power crisis
THE opposition Zapu party has dismissed Zanu-PF spokesperson Christopher Mutsvangwa's decision to blame late party President Robert Mugabe for current power crisis, arguing most of the ruling party's ...Published: 14 Dec 2022 at 06:45hrs | | by Staff reporter
RBZ in gems mop up deal
THE government has structured a deal that will see the Reserve Bank of Zimbabwe (RBZ) buying excess diamonds as it moves to shut out unscrupulous dealers that have been dribbling authorities....Published: 02 Dec 2022 at 19:30hrs | | by Staff rteporter
ArcelorMittal injects millions into Zimbabwe
ARCELORMITTAL, one of the world's largest steel producers which imports 70 percent of coke produced in Zimbabwe, is set to build coke oven batteries as part of the beneficiation and value addition pro...Published: 17 Nov 2022 at 05:02hrs | 12 | by Staff reporter
Mystery buyer Zimbabwe of diamonds outed
THE Zimbabwean government has reportedly given preference to Belarusian diamond buyers to snap-up the gems under unclear circumstances.This comes at a time when the country's state-run mining ...Published: 16 Sep 2022 at 19:36hrs | | by Staff reporter
Rushwaya bribery trial starts
Zimbabwe Miners Federation president Henrietta Rushwaya, who is facing charges of trying to bribe an official from the Civil Aviation Authority of Zimbabwe (CAAZ) to let her pass when she was carrying...Published: 26 Jul 2022 at 06:32hrs | | by Staff reporter
Sikhala being persecuted, claims lawyer
PROMINENT human rights lawyer Beatrice Mtetwa yesterday said the endless arrests, without conviction, of Zengeza West MP Job Sikhala (Citizens Coalition for Change, CCC) was a clear case of political ...Published: 22 Jul 2022 at 06:44hrs | | by Staff reporter
Gudyanga appeals jail sentence
High Court judge Justice Pisirayi Kwenda will today hear an appeal by former Mines secretary Francis Gudyanga who is challenging his two-and-half-a-year sentence for criminal abuse of office.H...Published: 21 Jul 2022 at 06:42hrs | | by Staff reporter
US$20m externalised in Zimbabwe diamond sales
MORE than US$20 million was illegally moved out of the country's borders in murky deals involving blacklisted diamond dealer Jamal Ahmed in an opaque sale of one million carats of diamonds from the Mi...Published: 03 Jun 2022 at 19:14hrs | | by Staff reporter
Gudyanga jailed
Former Permanent Secretary in the Ministry of Mines Francis Gudyanga has been sentenced to two and half years in jail for corruptly claiming sitting allowances from a dissolved Minerals Marketing Corp...Published: 25 Feb 2022 at 18:30hrs | | by Staff reporter
Please don't jail me I am old: ex perm sec Proff Gudyanga pleads in court
Former secretary for mines professor Francis Gudyanga who was convicted for Criminal abuse of office after he received boarding fees for meeting done with himself has asked the court for a lenient sen...Published: 24 Feb 2022 at 05:44hrs | | by Staff reporter
Gudyanga to pay back the money
FORMER permanent secretary in the Ministry of Mines Francis Gudyanga, who was convicted of defrauding Minerals Marketing Corporation of Zimbabwe (MMCZ) of US$29 000 after claiming sitting allowances o...Published: 23 Feb 2022 at 16:13hrs | | by Staff reporter
Ex-Mines perm sec convicted of graft
In the latest high-profile corruption conviction, former Mines and Mining Development Permanent Secretary Francis Gudyanga was yesterday convicted of corruptly claiming US$29 000 from the Minerals Mar...Published: 19 Feb 2022 at 18:30hrs | | by Staff reporter
Former Mines Permanent Secretary convicted of graft
In the latest high-profile corruption conviction, former Mines and Mining Development Permanent Secretary Francis Gudyanga was yesterday convicted of corruptly claiming US$29 000 from the Minerals Mar...Published: 19 Feb 2022 at 09:07hrs | | by Staff Reporter
Power play rocks Zimra
THE Zimbabwe Revenue Authority (Zimra) board was allegedly pressured by Treasury to appoint Morris Mpofu as acting commissioner-general, a move which was quickly reversed last week by the government i...Published: 15 Jan 2022 at 00:13hrs | 1 | by Staff reporter
Unpacking ZIDERA, atrocities of sanctions
It is without doubt that sanctions are a crime against humanity, an unfair treatment of race against race, nation against nation, the strong against the presumably weak, all with the intention to crea...Published: 26 Oct 2021 at 06:38hrs | 5 | by Takasununguka Ziki
Mnangagwa govt's fake mega-deals raised false hopes
IN the run-up to the 30 July 2018 elections, President Emmerson Mnangagwa repeatedly claimed that Zimbabwe had attracted investment commitments amounting to over US$16 billion since he took over power...Published: 18 Sep 2021 at 19:38hrs | 3 | by Staff reporter
Chidhakwa, Gudyanga trial hits brick wall
The trial of former Mines Minister Walter Chidhakwa and his permanent secretary Francis Gudyanga that was set to resume today hit a brick wall following indications that the magistrate who was presidi...Published: 07 Sep 2021 at 18:25hrs | 1 | by Staff reporter
Zimbabwean engineer runs Afghanistan's gemology plant
A ZIMBABWEAN engineer, Clever Sithole (CS), last year made history when he was appointed head gemologist at a United States Agency for International Development (USAID)-funded gemstone processing proj...Published: 14 Aug 2021 at 18:31hrs | | by Staff reporter
Villagers vow to fight off Chinese
SCORES of disgruntled villagers in Mutoko are on a collision path with Chinese mining company, Shanghai Haoying Mining Investments, which is pushing for their eviction after being allocated black gran...Published: 13 Aug 2021 at 06:53hrs | | by Staff reporter
Diamonds worth US$140m vanish
ROUGH diamonds worth an estimated US$140 million dollars have disappeared from the supposedly impenetrable Minerals Marketing Corporation of Zimbabwe (MMCZ) and Zimbabwe Consolidated Diamond Company (...Published: 14 Jul 2021 at 09:22hrs | | by Staff reporter
State diamond company fails to account for US$400m
THE Zimbabwe Consolidated Diamond Company (ZCDC) has failed to account for the use of money exceeding US$400 million, while also failing to properly account for 352 583.11 carats of diamonds wor...Published: 19 Jun 2021 at 15:06hrs | | by Staff reporter
Zimra commences deducting mining royalties
THE Zimbabwe Revenue Authority (Zimra) has started executing its recently added mandate of deducting mining royalties, through banking institutions, on behalf of Treasury.The tax authority sai...Published: 16 Jun 2021 at 08:18hrs | | by Staff reporter
Zimbabwe mines, banks in crunch talks over US sanctions
ZIMBABWE'S mines said on Friday they had kicked-off crunch meetings with banks, government and the Minerals Marketing Corporation of Zimbabwe (MMCZ) to find a solution after operators reported that th...Published: 13 Jun 2021 at 07:26hrs | 1 | by Staff reporter
Zimbabwe forex rules 'a tragedy of good intentions'
LAST week's promulgation of Statutory Instrument 127 of 2021, which penalises issuance of local currency receipt for foreign currency purchases and pricing goods above the official auction rate, among...Published: 06 Jun 2021 at 09:59hrs | 1 | by Staff reporter
Mines endorse RBZ move
MINING industry executives yesterday commended the central bank's move to give the Zimbabwe Revenue Authority (Zimra) the sole mandate to collect fees and commissions previously paid to the Minerals M...Published: 01 Jun 2021 at 08:05hrs | 1 | by Staff reporter
Zimbabwe invites bids for venture capital partner to set up diamond processor
The Minerals Marketing Corporation of Zimbabwe (MMCZ) is offering a venture capital partnership to bidders willing to set up a diamond processing company.MMCZ plans to invest in a company that...Published: 22 Mar 2021 at 06:12hrs | | by Staff reporter
Diamond scam hits Zimbabwe
One buyer has been snapping up all parcels at diamond auctions amid concerns some officials from the Zimbabwe Consolidated Diamond Company (ZCDC) and the Minerals Marketing Corporation of Zimbabwe (MM...Published: 18 Mar 2021 at 06:43hrs | | by Staff rpeorter
Zimbabwe mineral exports surpass target
Zimbabwe's mineral exports, excluding gold and silver, for the year 2020 surged by 27 percent, earning the country US$2,4 billion, the Minerals and Marketing Authority of Zimbabwe (MMCZ) has said. ...Published: 18 Jan 2021 at 05:50hrs | | by Staff reporter
Zimbabwe mineral exports exceed target
ATTRACTIVE international prices for major minerals except gold, coupled with stability in the mining sector despite the COVID-19-related lockdowns has seen Zimbabwe's mineral exports exceed the projec...Published: 04 Jan 2021 at 22:25hrs | | by Staff reporter
Zimbabwe's minerals revenue hits US$2 billion
MINerAL revenues reached US$1,95 billion at the end of October this year, beating a projected US$1,52 billion target set by the Minerals Marketing Corporation of Zimbabwe (MMCZ), official statistics s...Published: 13 Dec 2020 at 08:03hrs | | by Staff reporter
Zimbabwe dumps minerals marketing system
Zimbabwe will in February adopt the free-on-board (FOB) and cost, insurance and freight (CIF) arrangements in selling minerals and metals , dumping the ex-works system as it moves to make miners reali...Published: 26 Nov 2020 at 07:47hrs | 1 | by Staff reporter
Govt to liberalise gold sector
The Financial Gazette reports that Zimbabwe is seriously contemplating to liberalise its gold sector, as part of measures to stem black market leakages and attract capital into the key mining industry...Published: 26 Nov 2020 at 07:46hrs | | by Staff reporter
Zimbabwe firm battles to recover 'sanctions' blocked funds
Gweru-based Fuest Industrial Supplies is battling to recover US$33,414 export proceeds blocked by the United States Department of the Treasury's Office of Foreign Asset Control (OFAC) seven years ago....Published: 29 Oct 2020 at 06:24hrs | 10 | by Staff reporter
Chitando sued
MINES and Mining Development minister Winston Chitando has been taken to court for allegedly delaying issuing a coke export licence to Hwange Coal Gasification Company (Pvt) Ltd (Hwange).The c...Published: 31 Aug 2020 at 19:09hrs | 5 | by Staff reporter
Gudyanga trial commences
THE trial of former Minerals Marketing Corporation of Zimbabwe (MMCZ) board chairperson, Francis Gudyanga on charges of causing the parastatal to lose over $1,6 million to an Israeli-linked agricultur...Published: 22 Aug 2019 at 07:45hrs | | by Staff reporter
Commissioners to investigate Obert Mpofu named
President Emmerson Mnangagwa has constituted a Commission of Inquiry to investigate Zanu-PF secretary for Administration Obert Mpofu and other individuals fingered in corrupt dealings by the ZANU-PF Y...Published: 15 Aug 2019 at 20:08hrs | 1 | by Staff reporter
Zimbabwe mineral exports in 9% jump
Zimbabwe has recorded an 8,7 percent jump in mineral exports to $910 million in the first half of the year compared to the same period last year, statistics from the Minerals Marketing Corporation of ...Published: 14 Jul 2019 at 12:30hrs | | by Staff reporter
Gudyanga to expose 'State secrets'
FORMER Mines and Mining Development secretary Francis Gudyanga on Monday told the court that he had dropped his application to be tried in camera and indicated that he now wants to expose State secret...Published: 10 Jul 2019 at 07:44hrs | | by Staff reporter
Dr Kurotwi's comment on Ncube's piece in the Bulawayo24
Before outlining my comment in full, I want to straighten the incorrect position taken by Ncube when he accuses me for having singled out Obert Mpofu as corrupt.A historical narrative would as...Published: 04 Jul 2019 at 10:02hrs | 2 | by Dr. Lovemore Kurotwi
Obert Mpofu brushes off graft charges
Obert Mpofu, under pressure to vacate his Zanu-PF secretary for administration post over corruption allegations, has said he won't be stopped from reporting for work by anyone as a graft inquiry gets ...Published: 03 Jul 2019 at 08:56hrs | | by Staff reporter
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