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SA businessman under scrutiny for US$850m Zimbabwe oil pipeline project
In an emerging narrative that intertwines immense financial stakes and allegations of corruption, South African businessman Errol Gregor is spotlighted for his involvement in a US$850 million oil pipe...Published: 22 Oct 2024 at 08:06hrs | 681 | by Staff reporter
Mnangagwa's allies continue minting it
FEASIBILITY studies of the shady US$1.3 billion petroleum pipeline project, whose cost has quickened from US$850 million to US$1.3 billion and will ultimately surge to US$4 billion, are nearing comple...Published: 30 Jan 2022 at 17:00hrs | 9 | by Staff reporter
Controversial pipeline deal to balloon to US$4 billion
FRESH details on the controversial US$1.3 billion new pipeline project, whose implementation is being spearheaded by President Emmerson Mnangagwa's political and business cronies, have emerged showing...Published: 21 Aug 2021 at 13:07hrs | 8 | by Staff reporter
Mnangagwa associates behind the US$1.3 billion mega deal
PRESIDENT Emmerson Mnangagwa's political and business cronies, including his new associate Eddie Cross, are behind the new US$1.3 billion megabucks petroleum products pipeline project – whose cost h...Published: 14 Aug 2021 at 18:27hrs | | by Staff reporter
Zimbabwe plans new US$1.3bn oil pipeline, finally ending Feruka monopoly
Zimbabwe plans to build a second US$1.3 billion oil pipeline to supply fuel into the country and the region, a deal that would end years of lobbying and rivalry between powerful oil interests....Published: 11 Aug 2021 at 21:29hrs | | by newzwire
UK company proposes US$850m fuel pipeline for Zimbabwe
A UNITED Kingdom-registered oil company with strong South African links, Coven Energy Limited, has tabled an ambitious US$850 million investment proposal to construct Zimbabwe's second fuel pipeline i...Published: 03 Jul 2021 at 21:35hrs | 2 | by Staff reporter
'Chasi a victim of state capture'
FORMER energy minister Fortune Chasi (pictured)'s dramatic sacking from cabinet two weeks ago was a culmination of an intriguing plot of state capture by powerful fuel cartels, notably his spirited bu...Published: 28 Aug 2020 at 07:19hrs | 1 | by Staff reporter
Wrong to blame Zimbabwe crisis on war veterans
I have always been a fan of Zimbabwe Independent. It has an excellent record of providing the nation with sound and truthful analyses of the economic situation in Zimbabwe.The last edition of ...Published: 19 Aug 2019 at 11:54hrs | | by Staff reporter
Fully utilizing ZIDA to promote economic growth
The Zimbabwe Investment and Development Agency (ZIDA) Bill was gazetted on the 5th of April 2019. The purpose of the bill is to establish a single focal point that facilitates entry and implementation...Published: 09 Aug 2019 at 21:46hrs | | by Victor Bhoroma
Zimbabwe should fully liberalize the petroleum industry
It has become apparent that the Zimbabwean government is failing to sustain its fuel subsidy in the economy due to foreign currency shortages. The rationale for such a subsidy has been to bring price ...Published: 18 May 2019 at 18:23hrs | 2 | by Victor Bhoroma
Zimbabwe blocks US$1bn pipeline project
THE Ministry of Energy has blocked a plan by South African-owned Mining, Oil and Gas Services Company (MOGS) to construct a US$1 billion 550-kilometre fuel pipeline from Beira to Harare, arguing that ...Published: 22 Mar 2019 at 16:08hrs | 1 | by Staff reporter
Who's who in Zimbabwe’s cutthroat fuel sector
SIX major oil-importing entities, including the Indigenous Petroleum Association of Zimbabwe (Ipaz), Zuva Petroleum, Puma Energy, Total Zimbabwe, Petrotrade (Pvt) Ltd and Engen Petroleum Zimbawe, are...Published: 09 Nov 2018 at 18:06hrs | 11 | by Staff reporter
Mnangagwa, Mutsvangwa rift widens
President Emmerson Mnangagwa is now distancing himself from his top ally Christopher Mutsvangwa amid warnings by the war veterans' leader that he won't be silenced after he spoke out against alleged s...Published: 04 Nov 2018 at 09:10hrs | 3 | by Staff reporter
Royal Bafokeng subsidiary embroiled in Zimbabwe fuel confusion?
Government insiders have alleged that President Emmerson Mnangagwa's special advisor Christopher Mutsvangwa, was hammering Sakunda Holdings boss Kudakwashe Tagwirei because he was keen to replace domi...Published: 01 Nov 2018 at 06:13hrs | 7 | by Staff reporter
Tagwirei drives wedge between Mnangagwa, allies
Businessman Kuda Tagwirei, has triggered off fresh fissures within Zanu-PF and government, with the Sakunda Holdings founder wittingly or unwittingly driving a wedge between President Emmerson Mnangag...Published: 31 Oct 2018 at 13:30hrs | 1 | by Staff reporter
Fuel mogul splits Mnangagwa's govt
Businessman Kuda Tagwirei, has triggered off fresh fissures within Zanu-PF and government, with the Sakunda Holdings founder wittingly or unwittingly driving a wedge between President Emmerson Mnangag...Published: 31 Oct 2018 at 07:37hrs | 2 | by Staff reporter
Inside the fierce war for control of Zimbabwe's fuel industry
A fierce war is brewing behind the scenes for control of Zimbabwe's fuel industry pitting President Emmerson Mnangagwa and Vice-President Constantino Chiwenga's allies following a bid by a South Afric...Published: 28 Oct 2018 at 08:13hrs | | by Staff reporter
Lumumba's 'Queen B' named?
On Friday, October 19, in a boardroom at the Finance Ministry, Mthuli Ncube and his permanent secretary George Guvamatanga sat huddled with a small group of "communication experts".One of thos...Published: 24 Oct 2018 at 23:45hrs | 3 | by Mduduzi Mathuthu on zimlive.com
Ndebele monarchy more Zimbabwean than the presidency
I found the near hysterical rejection, if not paranoic repression, by the Zimbabwe government of the restoration of the Ndebele monarchy, both very flabbergasting and worrying.I might not be p...Published: 12 Mar 2018 at 08:58hrs | | by Tendai Ruben Mbofana
Trust Bank liquidation postponed
Zimbabwe's High Court has postponed Trust Bank (Trust)'s liquidation process to February 18 following a successful challenge by the financial institution's lawyers. The reprieve came as the De...Published: 23 Jan 2014 at 07:34hrs | | by Business reporter
SA's Royal Bafokeng Nation eyes Trust Bank
TRUST HOLDINGS is on the verge of concluding a placement with a South African firm MOGS to raise $20 million to comply with minimum capital requirements and enhance liquidity in its banking unit. ...Published: 07 Nov 2013 at 02:43hrs | | by Staff reporter
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