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SMEs drive Zimbabwe's manufacturing sector
Zimbabwe's manufacturing industry is largely being sustained by small to medium enterprises (SMEs), with fresh calls emerging for a strategic revival of the sector amid concerns over fluctuating perfo...Published: 24 Apr 2025 at 07:13hrs | 17 | by Staff reporter
Banks smile all the way to the bank, while depositors bear cost of high fees
Shareholders in Zimbabwe's banking sector are enjoying robust returns on their investments, as banks continue to post strong profits and declare sizeable dividends. However, concerns are mounting amon...Published: 13 Apr 2025 at 09:46hrs | 632 | by Staff reporter
Zimbabwean banks face backlash over excessive charges
Zimbabwe's banking sector is celebrating strong financial results, with shareholders across financial institutions enjoying substantial dividend payouts following another profitable year. However, the...Published: 06 Apr 2025 at 11:26hrs | 373 | by Staff reporter
Zimbabwe reserves haulage and logistics industry for citizens
Zimbabwe's Finance Act 2024, published under General Notice I 345A of 2024, has introduced an amendment to the Indigenization and Economic Empowerment Act [Chapter 14:33], designating the Haulage and ...Published: 05 Apr 2025 at 10:40hrs | 8970 | by Staff reporter
Police probe NSSA boss over RTG extortion plot
NSSA chairman, Emmanuel Fundira was on Wednesday questioned by the police in connection with an extortion case involving former Rainbow Tourism Group (RTG) senior employee Paula January.The de...Published: 18 Mar 2025 at 10:45hrs | 636 | by Nathan Guma
NSSA chair implicated in extortion case
National Social Security Authority (NSSA) chairman Emmanuel Fundira was questioned by police on Wednesday in connection with an extortion case involving former Rainbow Tourism Group (RTG) senior emplo...Published: 17 Mar 2025 at 09:37hrs | 455 | by Staff reporter
Tagwirei linked wealth managers in OK shares buying spree
Akribos Wealth Managers, a prominent asset management firm with connections to local businessman Kuda Tagwirei, has made a major splash in the Zimbabwean stock market by purchasing a combined 16,338,2...Published: 03 Mar 2025 at 13:03hrs | 12366 | by Staff reporter
Corporate Raiding Plot Unraveling: Nssa and RTG Directors Meet to Tackle Manipulation of Share Prices and Takeover Attempt
NATIONAL Social Security Authority (Nssa) and Rainbow Tourism Group (RTG) directors and management executives are set to meet today to deal with the plot to take over the tourism and hospitality giant...Published: 25 Feb 2025 at 13:16hrs | 347 | by NewsHawks
Zimbabwe at a Crossroads: The Proposed Constitutional Amendment and Its Implications
Zimbabwe is facing a critical moment in its history, as a proposed constitutional amendment threatens to undermine the country's democratic principles. The amendment, which would extend President Emme...Published: 25 Feb 2025 at 10:45hrs | 514 | by Mlilo Joyinani and Ndaba Nhuku
Crisis meeting over RTG alleged takeover plot
Directors and senior executives from the National Social Security Authority (NSSA) and Rainbow Tourism Group (RTG) are set to meet today in an urgent bid to address a suspected plot to manipulate the ...Published: 24 Feb 2025 at 09:25hrs | 1665 | by Staff reporter
Courtroom drama intensifies in Chimombe, Mpofu fraud trial
The legal battle between business partners Moses Mpofu and Mike Chimombe took a dramatic turn yesterday, as the defence team successfully challenged the inclusion of two assessors who were set to over...Published: 21 Feb 2025 at 12:41hrs | 3015 | by Staff reporter
NSSA chairman embroiled in underhand Rainbow Tourism Group takeover bid
NATIONAL Social Security Authority (Nssa) chairman Emmanuel Fundira, who is former chairman of African Sun Limited, and an ex-Rainbow Tourism Group (RTG) senior executive Paula January are accused of ...Published: 18 Feb 2025 at 20:01hrs | 1526 | by NewsHawks
Mpofu, Chimombe fraud trial deferred
The much-anticipated trial of business partners Moses Mpofu and Mike Chimombe, accused of misappropriating millions of dollars from Zimbabwe's Presidential Goat Pass-On Scheme, has been postponed to F...Published: 11 Feb 2025 at 06:38hrs | 168 | by Staff reporter
Foreign companies must comply with Zimbabwe's labour laws
Zimbabwe must strengthen the enforcement of its labour laws to safeguard local workers employed by foreign businesses, particularly Chinese-owned mining firms, according to Dr. Wayne Malinga, a senior...Published: 05 Feb 2025 at 15:40hrs | 727 | by Staff reporter
Infrastructure development takes centre stage at Zifa polls
In just eight days, the Zimbabwe Football Association (ZIFA) Electoral Committee will reveal the names of candidates who have passed the integrity test for the upcoming ZIFA board elections. Among the...Published: 15 Dec 2024 at 09:10hrs | 99 | by Staff reporter
CBZ blocked from increasing FMHL stake
CBZ Holdings has confirmed that it will not proceed with its planned buyout of minority shareholders in First Mutual Holdings Limited (FMHL), following a decision by the Competition and Tariff Commiss...Published: 10 Dec 2024 at 06:52hrs | 210 | by Staff reporter
Zanu-PF says too hot for Maimane, Khama, Brenthurst Foundation
Judge slams Chimombe, Mpofu for Chivayo 'slander'The High Court has dismissed an application by businessmen Mike Chimombe and Moses Mpofu to refer their fraud case to the Constitutional Court, des...Published: 06 Dec 2024 at 13:01hrs | 221 | by Staff reporter
Passengers Association of Zimbabwe calls for online taxi registration
The Passengers Association of Zimbabwe (PAZ) has expressed concern over the increasing number of violent attacks on taxi drivers and is calling for mandatory registration of taxi operators to enhance ...Published: 20 Nov 2024 at 06:44hrs | 63 | by Staff reporter
NSSA boss in court for fraud
Cosmas Chikwawawa, a research and schemes planning manager at the National Social Security Authority (NSSA), has appeared before the Harare Magistrates Court facing allegations of defrauding his emplo...Published: 20 Nov 2024 at 06:43hrs | 212 | by Staff reporter
WATCH: Belarus fire engine malfunction, Gwanda Fire Brigade struggles
A Toyota Runx was completely gutted by fire this afternoon outside Gwanda city centre, near the NSSA complex along the Bulawayo-Beitbridge Road, after the Gwanda Fire Brigade faced challenges in extin...Published: 19 Nov 2024 at 08:45hrs | 397 | by Staff reporter
Windfall for 33,000 pensioners
The Mining Industry Pension Fund (MIPF) is preparing to compensate pensioners who lost benefits during Zimbabwe's hyperinflationary period between 2006 and 2009. The initiative comes amid reports that...Published: 04 Nov 2024 at 06:49hrs | 4338 | by Staff reporter
Zimbabwe targets 7 sectors for import substitution
In a bid to reduce reliance on imports and boost local industry, Zimbabwe has identified seven key sectors for import substitution.The country's short-term manufacturing blueprint, the Zimbabw...Published: 24 Oct 2024 at 12:51hrs | 742 | by Staff reporter
Zanu-PF chair riled by policemen
Zanu-PF provincial chairperson for Bulawayo, Jabulani Sibanda, last week reprimanded police officers for failing to show respect during the national anthem at the groundbreaking ceremony for the civil...Published: 22 Oct 2024 at 08:01hrs | 642 | by Staff reporter
Zimbabwe govt launches major housing project in Matabeleland North
In a significant step toward its goal of providing affordable housing for all citizens, the Zimbabwean government has launched a new housing project in Emthunzini Township, Matabeleland North Province...Published: 19 Oct 2024 at 12:05hrs | 5977 | by Staff reporter
25MW solar plant goes live in Zimbabwe
Centragrid's solar power plant in Nyabira has completed its expansion and has officially begun commercial production. The plant, one of Zimbabwe's pioneering independent power producers (IPPs), has se...Published: 15 Oct 2024 at 14:18hrs | 8509 | by Staff reporter
Major pension boost for Zimbabwe civil servants
Public sector workers in Zimbabwe are set to benefit from enhanced retirement packages under the proposed State Service Pension Fund, which aims to boost both financial and social security for civil s...Published: 13 Oct 2024 at 12:22hrs | 1397 | by Staff reporter
Chimombe, Mpofu engage Lovemore Madhuku
Businessman Mike Chimombe and Moses Mpofu appeared at the High Court today to face charges of fraud involving US$7.7 million, allegedly siphoned from the Presidential Pass-On Scheme. The high-profile ...Published: 02 Oct 2024 at 15:27hrs | 997 | by Staff reporter
Chimombe, Mpofu goats' fraud trial in false start
The much-anticipated corruption trial of Harare businessmen Moses Mpofu and Mike Chimombe, involving allegations of siphoning US$7.7 million from the Presidential Goat Pass-On Scheme, was adjourned ye...Published: 02 Oct 2024 at 07:43hrs | 150 | by Staff reporter
Ex-minister Mupfumira's last corruption case collapses
Former Public Service Minister Prisca Mupfumira has been removed from remand and cleared of theft charges related to public funds. The charges stemmed from accusations that she misappropriated a US$90...Published: 16 Aug 2024 at 08:22hrs | 513 | by Staff reporter
'Zimbabweans should not over-rely on NSSA pension scheme'
Shepherd Muperi, Director of Social Security at the National Social Security Authority (NSSA), emphasized that individuals should not rely solely on the social security scheme for their retirement nee...Published: 15 Aug 2024 at 07:53hrs | 645 | by Staff reporter
Chimombe, Mpofu indicted to High Court for trial
ZANU-PF central committee member Mike Chimombe and his business partner Moses Mpofu have been indicted to the High Court on charges of defrauding the government of over US$7 million in a presidential ...Published: 08 Aug 2024 at 07:56hrs | 774 | by Staff reporter
Dinson refutes claims 19 workers died at steel plant
The Chinese-run Dinson Iron and Steel Company has dismissed recent claims of a fatal workplace accident involving 19 workers, threatening legal action against those spreading false information....Published: 23 Jul 2024 at 07:28hrs | 1011 | by Staff reporter
Chimombe, Mpofu bail application dismissed
Harare regional magistrate, Mrs. Marehwanazvo Gofa, denied bail to businessmen Mike Chimombe and Moses Mpofu, who are facing fraud charges for allegedly siphoning US$7 million from the Presidential Go...Published: 16 Jul 2024 at 12:31hrs | 1034 | by Staff reporter
USD10 million NSSA heist thwarted
The Ministry of Public Service, Labour, and Social Welfare has decisively thwarted an attempt by the National Social Security Authority (NSSA) chair Emmanuel Fundira, in collaboration with executives ...Published: 10 Jul 2024 at 14:55hrs | 106 | by Staff reporter
Chimombe, Mpofu to remain in jail over the weekend
Businessmen Mike Chimombe and Moses Mpofu will remain in jail over the weekend due to the unavailability of the presiding magistrate, Mrs. Marehwanazvo Gofa, who is unwell. Their bail hearing has been...Published: 06 Jul 2024 at 11:39hrs | 5 | by Staff reporter
Ex-NSSA boss cleared over US$31m loot
The State has withdrawn charges against Elizabeth Chitiga, former general manager of the National Social Security Authority (NSSA), who had been accused of criminal abuse of office involving US$31 mil...Published: 30 Jun 2024 at 18:28hrs | 7 | by Staff reporter
Chimombe, Mpofu spend weekend in jail
Harare businessmen Mike Chimombe and Moses Mpofu, accused of defrauding the Government of US$7 million intended for the Presidential Goat Scheme, will remain in remand prison over the weekend as their...Published: 30 Jun 2024 at 18:16hrs | 2 | by Staff reporter
Chimombe, Mpofu remanded in custody for a second day
ZANU-PF central committee member Mike Chimombe and alleged accomplice Moses Mpofu, who face US$7 million fraud charges over the Presidential Goat Scheme, were remanded in custody for a second day afte...Published: 27 Jun 2024 at 15:47hrs | 4 | by Staff reporter
Chimombe, Mpofu locked up over botched Presidential Goat Scheme
Mike Chimombe and Moses Mpofu, controversial businessmen, have been remanded to prison pending their bail determination after appearing before Harare magistrate Marewanazvo Gofa. The court upheld the ...Published: 27 Jun 2024 at 06:59hrs | 24 | by Staff reporter
ConCourt nullifies SC ruling on former NSSA boss
Former National Social Security Authority chairman Robin Vela received a reprieve when the Constitutional Court overturned a Supreme Court ruling that upheld an audit report by BDO Chartered Accountan...Published: 27 Jun 2024 at 06:43hrs | 13 | by Staff reporter
Regime not ready to fight corruption
The story of Wicknell Chivhayo has once again exposed the failure of this regime to apply its biting teeth to the scourge of corruption, which has destroyed the country's moral and economic fibre....Published: 19 Jun 2024 at 15:10hrs | 1 | by Leonard Koni
NSSA goes after Zimbabwe civil servants 'peanuts' US$ salaries
The National Social Security Authority (NSSA) has proposed deducting foreign currency contributions from Zimbabwe's civil servants, who are already facing severe financial strain due to low wages. ...Published: 19 Jun 2024 at 11:22hrs | 18 | by Staff reporter
Man loses fingers at Chinese factory
A man from Harare is pursuing legal action against Chinese tile manufacturer Sunny Yiefeng, seeking compensation following a workplace accident that resulted in the loss of his fingers. Actor Tinashe ...Published: 19 Jun 2024 at 07:35hrs | 2 | by Staff reporter
Prisca Mupfumira not guilty of US$90m NSSA corruption, says court
Prisca Mupfumira, a former minister of Public Service, Labour, and Social Welfare in Zimbabwe, has been acquitted of charges accusing her of embezzling US$90 million from the National Social Security ...Published: 15 Jun 2024 at 13:47hrs | 11 | by Staff reporter
Zimbabwe govt workers fight US$ NSSA deductions
The Zimbabwe Confederation of Public Sector Trade Unions (ZCPSTU) has petitioned the Public Service Commission (PSC) to halt the anticipated deductions from salaries paid in US dollars. The deductions...Published: 11 Jun 2024 at 06:14hrs | 4 | by Staff reporter
Suspended NSSA boss acquitted
Suspended National Social Security Authority (Nssa) director David Makwara was acquitted of fraud charges involving US$182,661. Harare Magistrate Donald Ndirowei ruled that the housing renovat...Published: 06 Jun 2024 at 07:54hrs | 4 | by Staff reporter
Zimbabwe's public service workers to pay pension in foreign currency
The Treasury has announced that all public service workers earning in foreign currency must now make their pension contributions in the same currency, starting this year, as per the directive from the...Published: 03 Jun 2024 at 09:31hrs | 52 | by Staff reporter
Private sector against third party insurance takeover
THE government's decision to take over the running of third-party insurance will crowd out the private sector and result in bureaucratic inefficiencies around claims processing, which will destroy eco...Published: 07 Apr 2024 at 10:21hrs | 5 | by Staff reporter
Murewa arrested
The Zimbabwe Anti-Corruption Commission (ZACC) has apprehended Brian Murewa, the former Director of the National Social Security Authority (NSSA), on charges of fraud.According to a statement ...Published: 03 Apr 2024 at 22:14hrs | 2 | by Staff reporter
Bid to block judge from NSSA's US$30m saga flops
The Supreme Court has dismissed an application filed by a local housing company to bar a Supreme Court judge from hearing a case in which they are claiming US$30 million awarded to them by a lower cou...Published: 13 Mar 2024 at 05:08hrs | | by Staff reporter
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