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SA-based Diaspora Kapita to issue US$10m bond in Zimbabwe
South Africa-based investment holding firm Diaspora Kapita (DK) is set to make waves in the Zimbabwean financial landscape as it prepares to list on the Victoria Falls Stock Exchange (VFEX) and raise ...Published: 02 Dec 2024 at 07:16hrs | 192 | by Staff reporter
Trump threatens BRICS for trying to move away from the dollar
The BRICS nations will be hit with 100% tariffs on their goods if they try to introduce a reserve currency to rival the dollar, US President-elect Donald Trump has warned. Trump has repeatedly threate...Published: 30 Nov 2024 at 21:26hrs | 2565 | by Staff reporter
NMBZ turns to Rabobank for agric financing
NMBZ Holdings Limited, a leading financial services group, has announced a strategic partnership with Rabobank, a Dutch multinational specializing in banking and financial services, to implement an en...Published: 19 Nov 2024 at 08:49hrs | 219 | by Staff reporter
Kuvacash CEO up for US$286,000 theft
James Saruchera, the co-founder of global cash remittance start-up Kuvacash Private Limited, appeared in court on Tuesday, facing charges of defrauding a client of US$286,000 in a failed property tran...Published: 12 Nov 2024 at 11:11hrs | 1024 | by Staff reporter
New Zealand's groundbreaking move toward regulating online casinos
The New Zealand government has taken a significant step toward regulating its online casino industry, marking a pivotal moment in the country's gambling landscape. As the popularity of online gambling...Published: 28 Oct 2024 at 13:03hrs | 172 | by Staff Reporter
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 | 682 | by Staff reporter
Top Zimbabwe lawyer given ultimatum
The Law Society of Zimbabwe (LSZ) has given prominent lawyer Wilson Manase a deadline of ten days to provide an explanation for his failure to finalize the estate of the late businesswoman Jane Maisir...Published: 13 Oct 2024 at 12:43hrs | 1434 | by Staff reporter
Chinese national faces deportation from Zimbabwe
Chinese businessman Haozuan Song is currently detained at Harare Remand Prison and faces possible deportation to China over an unspecified offense, while his mother, controversial businesswoman Li Son...Published: 16 Sep 2024 at 13:42hrs | 2889 | by Staff reporter
Late businesswoman's family pushed for top lawyer's arrest
The family of the late businesswoman Jane Maisiri is calling for the arrest of prominent lawyer Wilson Manase, accusing him of mismanaging her estate since her death in 2002. Manase, appointed as the ...Published: 08 Sep 2024 at 15:16hrs | 1903 | by Staff reporter
A guide to playing popular non-GamStop Casino Games
The number of online casino games is constantly growing, and players can find everything they need and a bit more. Exploring all the content is truly impossible since novelties appear regularly. While...Published: 19 Aug 2024 at 22:28hrs | 80 | by Staff Reporter
A Guide to Online Gambling in South Africa: 2024
South Africa's growing online gambling scene shows signs of continuing its upward trajectory this year and beyond. It may be essential to look at the landscape and its evolution. We will look at onlin...Published: 31 Jul 2024 at 09:11hrs | 158 | by Staff Reporter
Zimbabwe's ZiG primed for seamless international acceptance and usage
THE country's new currency, Zimbabwe Gold (ZIG) widespread acceptance locally will trigger a seamless acceptance regionally, Monetary Policy Committee member Mr Persistence Gwanyanya has said....Published: 10 Jul 2024 at 15:50hrs | 24 | by Staff reporter
Top lawyer faces probe over businesswoman's estate
Top lawyer Wilson Manase is under investigation by the Law Society of Zimbabwe (LSZ) for allegations of mishandling the estate of the late Sandra Jane Maisiri, which he has failed to finalize for over...Published: 23 Jun 2024 at 10:42hrs | 22 | by Staff reporter
'ZiG a game changer for economy'
President Mnangagwa has hailed the Zimbabwe Gold currency (ZiG), backed by gold, as a robust strategy for achieving currency stability and fostering economic growth. Speaking at the 10th CEO Africa Ro...Published: 17 Jun 2024 at 08:56hrs | | by Staff reporter
Zimbabwe campaign for foreign direct investment intensifies
IN a strategic move meant to bolster the country's economic landscape, the Minister of Finance, Economic Development and Investment Promotion, Professor Mthuli Ncube, is set to spearhead a series of F...Published: 07 Apr 2024 at 10:05hrs | | by Staff reporter
Mnangagwa presides over the RBZ handover takeover process
President Emmerson Mnangagwa presides over the handover takeover process between new Reserve Bank of Zimbabwe (RBZ) governor John Mushayavanhu and his predecessor John Mangudya at the central ba...Published: 05 Apr 2024 at 10:11hrs | 7 | by Staff reporter
John Mushayavanhu brings a new culture of transparency to RBZ
Zimbabwe witnessed the dawn of a new culture at the Reserve Bank of Zimbabwe. In a groundbreaking move that has garnered widespread commendation from socio-political analysts and observers, the new Go...Published: 05 Apr 2024 at 06:53hrs | 28 | by Nicholas Ncube
Mnangagwa inspects Zimbabwe's gold reserves
President Emmerson Mnangagwa conducted an inspection of the Reserve Bank of Zimbabwe (RBZ) vaults on Thursday, where officials informed him that Zimbabwe possesses 1.1 tonnes of gold.This visi...Published: 04 Apr 2024 at 21:16hrs | | by Staff reporter
Zimbabwe capital markets conferences set for SA
FINANCIAL Markets Indaba (FMI), in partnership with the Victoria Falls Stock Exchange (VFEX) is set to co-host two Zimbabwe capital markets conferences in South Africa next month, NewsDay Business can...Published: 22 Mar 2024 at 09:38hrs | 2 | by Staff reporter
Breaking the losing streak: The Revolution Starts With Us
In a country plagued by corrupt politicians and a never-ending power struggle, it is high time that the citizens of Zimbabwe rise above their frustrations and ignite a revolution. For far too long, we...Published: 19 Mar 2024 at 20:32hrs | 1 | by Kumbirai Thierry Nhamo
Zimbabwean man wins US$1m loan court challenge
A HARARE man has won a US$1 million Supreme Court loan challenge after a local company that he loaned US$900 000 tried to repay the loan in local currency.The applicant Brian Rodney Baron had ...Published: 19 Mar 2024 at 12:58hrs | 2 | by Staff reporter
Swiss company loses US$270K court challenge
SWITZERLAND-REGISTERED energy firm, Addax Energy SA, has lost a High Court bid to force a local company to settle an outstanding fuel debt of US$269 735,88 in foreign currency.Addax Energy cit...Published: 07 Mar 2024 at 05:10hrs | 17 | 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 | | by Staff reporter
Mnangagwa plots divisive constitutional coup
ZIMBABWEAN President Emmerson Mnangagwa's strategy for a third term - practically a constitutional coup - is now gathering momentum and going full steam ahead after a brief retreat as the military reg...Published: 04 Mar 2024 at 18:43hrs | 2 | by Staff reporter
10 new IPPs to generate 271MW for Zimbabwe
ZIMBABWE has licenced 10 more independent power producers (IPPs) to start generating 271MW of electricity in the next 12 to 24 months under the Government project support agreement which now holds clo...Published: 04 Mar 2024 at 04:42hrs | | by Staff reporter
Mnangagwa scared of gukurahundi, plots divisive constitutional coup
ZIMBABWEAN President Emmerson Mnangagwa's strategy for a third term - practically a constitutional coup - is now gathering momentum and going full steam ahead after a brief retreat as the military reg...Published: 29 Feb 2024 at 20:34hrs | 9 | by Staff reporter
Bard Santner sets up New York office
HARARE - Local financial services firm Bard Santner Inc has set up an office in New York, United States, in a move to attract capital investment and transaction opportunities offshore.The comp...Published: 15 Feb 2024 at 18:42hrs | 14 | 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 | 13 | by Staff reporter
Stanbic named 2023 bank of the year by the banker
Harare, 12 December 2023 - Stanbic Bank has been selected 2023 Bank of the Year in Zimbabwe by world renown London-based magazine, The Banker, cementing its place as one of the country's leading finan...Published: 13 Dec 2023 at 09:24hrs | 7 | by Stephen Jakes
We've gas in Zimbabwe, so what?
So, it has finally been confirmed!Zimbabwe has significant reserves of natural gas!This was announced by a clearly excited mines and mining development minister Zhemu Soda at a media b...Published: 07 Dec 2023 at 15:03hrs | 10 | by Tendai Ruben Mbofana
ZACC officials recover US$29m assets offshore
THE Zimbabwe Anti-Corruption Commission (Zacc) has recovered externalised assets by corrupt citizens worth US$29 million, a new report submitted to Parliament has revealed.Experts say the sout...Published: 27 Nov 2023 at 17:32hrs | 10 | by Staff reporter
Belarus army general's visits Zimbabwe
The visit of Belarusian army general Viktor Sheiman has sparked concerns and controversy. Sheiman, who is under sanctions from the European Union and the United States for alleged human rights abuses ...Published: 02 Nov 2023 at 05:54hrs | 32 | by Staff reporter
NSSA is a vehicle for enriching the powerful whilst exploiting the poor!
I already knew that Zimbabwe was hell and a living nightmare for the vast majority of the ordinary citizenry.I was also fully aware that the powerful were the only ones getting richer and rich...Published: 15 Oct 2023 at 09:49hrs | | by Tendai Ruben Mbofana
How taxation and royalties work in Zimbabwe's mining industry
The mining industry in Zimbabwe is not only rich in mineral resources but also subject to a nuanced taxation and royalty framework. In this article, we delve into the special rules governing taxation ...Published: 05 Oct 2023 at 11:10hrs | 104 | by Clifford S. Ncube
Kasukuwere to challenge Mnangagwa's 'looting scheme' in court
Saviour Kasukuwere, a former Zanu-PF commissar in exile, has signaled that his movement is contemplating legal action against President Emmerson Mnangagwa's recent decision to shield the procurement p...Published: 01 Oct 2023 at 14:34hrs | | by Staff reporter
Biti lays into Mnangagwa, Tagwirei
SENTRY and Open Secrets exposé has confirmed that Zimbabwe has become a mafia state, run and controlled by cartels and syndicates, Former Finance Minister Tendai Biti has said.In a publicised...Published: 08 Jul 2023 at 08:29hrs | 11 | by Staff reporter
Zuma blasts IMF stance on Zimbabwe
Former South African President Cde Jacob Zuma yesterday took a swipe at the International Monetary Fund (IMF)'s 2001 stance to starve Zimbabwe of credit facilities, describing the move as unjust and u...Published: 08 Jul 2023 at 08:23hrs | 9 | by Staff reporter
Shadowy US organisation raise questions about Tagwirei mine purchase
A joint investigative report by The Sentry and Open Secrets exposes how Zimbabwean presidential advisor and business tycoon Kudakwashe Tagwirei, the subject of numerous corruption allegations, was abl...Published: 06 Jul 2023 at 10:41hrs | 11 | by Staff reporter
Attacks on Zimbabwe by US shadow organisations escalate
A new investigative report by The Sentry and Open Secrets, United States organisations which probe and follow dark money and illicit financial flows around the world - given to The NewsHawks and other...Published: 06 Jul 2023 at 09:16hrs | | by Staff reporter
China takes next step in currency globalisation
China's gradual internationalisation of its currency will shift to its next leg on Monday when about two dozen Chinese companies start trading in their home currency in Hong Kong's stock market....Published: 19 Jun 2023 at 06:38hrs | | by Staff reporter
A critical review of Al Jazeera's Gold Mafia documentary
APRIL, famously characterised as "the cruellest month" by distinguished poet and literary critic TS Eliot in his critically acclaimed essay "The Wasteland" - not because its first day celebrates fools...Published: 28 May 2023 at 17:07hrs | 4 | by Jonathan Moyo
South Africa on the edge! National renewal needed urgently
WITH various leaders and commentators having suggested that things have gone horribly wrong in South Africa since Cyril Ramaphosa became president more than five years ago, to such an extent that the ...Published: 24 May 2023 at 17:18hrs | 1 | by Thandisizwe Mgudlwa
'Zimbabwe debt resolution will open funding floodgates'
THE successful conclusion of discussions on Zimbabwe's arrears clearance and debt resolution will lay a firm foundation for the lifting of economic sanctions and help to unlock fresh and affordable ex...Published: 21 May 2023 at 08:02hrs | | by Staff reporter
Are investors in African equities poised for wins amidst global turmoil?
It has been a tumultuous first quarter of 2023, and African equities have not been spared.Global markets started the year on a very positive note, with the S&P 500 up 9.0% at its peak in e...Published: 12 May 2023 at 11:17hrs | 7 | by Rami Hajjar, portfolio manager of the Allan Gray Africa ex-SA Equity Fund
Zanu-PF aspiring candidate granted $300,000 bail
Zanu-PF Makoni West aspiring candidate, Moses Ruwona, was released on $300 000 bail yesterday in a case where he faces fraud charges involving US$500 000.He spent two weeks in remand pri...Published: 20 Apr 2023 at 07:33hrs | 1 | by Staff reporter
Aspiring Zanu-PF MP spends weekend in jail over money laundering
Zanu-PF Makoni West constituency aspiring candidate Moses Ruwona will spend the weekend behind bars after Harare regional magistrate Stanford Mambanje postponed his bail ruling to tomorrow.Ruw...Published: 16 Apr 2023 at 08:33hrs | 14 | by Staff reporter
Access Forex loses US$260K while 'laundering' money
HARARE - Financial services firm Access Forex was accused of money laundering in court on Thursday after it emerged the company hired an aspiring Zanu PF MP to make huge foreign payments on its behalf...Published: 14 Apr 2023 at 12:32hrs | 2 | by Staff Reporter
Bail ruling for aspiring Zanu-PF MP set for tomorrow
Harare regional magistrate Mr Stanford Mambanje will tomorrow deliver ruling in a bail application by Zanu-PF aspiring Member of Parliament for Makoni West Moses Ruwona and his accomplice Macmillan Ch...Published: 13 Apr 2023 at 17:56hrs | | by Staff reporter
Aspiring Zanu-PF MP locked up for fraud, money laundering
Moses Ruwona, an aspiring Zanu-PF candidate who defeated ICT minister Jenfan Muswere in the recently held party primary elections before being disqualified, has been locked up on allegations of fraud ...Published: 13 Apr 2023 at 16:56hrs | | by Staff reporter
Political plot to corrupt Zimbabwe's judiciary?
CORRUPT government officials are maneuvering to manipulate an anticipated investigation into allegations of misconduct and corruption against High Court judge Webster Chinhamora as he is seen to be pr...Published: 02 Apr 2023 at 11:12hrs | | by Staff reporter
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