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Ginimbi's bid to escape weekend detention flops
THE bid by embattled Harare socialite, Genius "Ginimbi" Kadungure, to avoid spending the weekend in remand prison hit a brickwall after his urgent chamber application at the High Court was heard on Sa...Published: 6 hrs ago | 1122 | by Staff reporter
TOTAL Zimbabwe Limited in $65k corporate fraud scandal
French international oil giant, TOTAL, is facing serious fraud charges at Tredgold Magistrates Court, Bulawayo after allegadly defrauding one of its long time dealers of $65K. TOTAL Zimbabwe Limited r...Published: 17 Nov 2018 at 07:44hrs | 2235 | by Walter Nyabadza
Ginimbi denied bail in $3,5m fraud, money-laundering case
SOCIALITE and businessman Genius Kadungure, popularly known as Ginimbi, was yesterday denied bail by a Harare magistrate in a case in which he is accused of prejudicing Treasury of $3,5 million in a t...Published: 17 Nov 2018 at 06:53hrs | 2314 | by Staff reporter
A timeline of how Zimbabwe lost its currency
Today, November 14, marks the 21st anniversary of "Black Friday", the day the Zimbabwe dollar crashed in 1997.We track the Zimdollar's collapse from that fateful November day, and the many des...Published: 14 Nov 2018 at 15:10hrs | 3034 | by newZwire with The Source
17th November 2017, One year on - Was it a second coup?
For Zimbabwe to achieve stability, there was to be a return to constitutionality. Sanity had escaped the political landscape. The operation restore legacy was not be complete without order and a...Published: 14 Nov 2018 at 06:55hrs | 800 | by Dr Masimba Mavaza
Ndebele Chiefs' letter to President Emmerson Mnangagwa - Fulltext
From the Office of.... CHIEF VEZI MADUNA MAFU OF AVOCA FILABUSI COMMUNAL LANDS 9 October 2018 The President of the Republic of Zimbabwe His Excellency President E.D. Mnangagwa ...Published: 13 Nov 2018 at 20:46hrs | 5039 | by Chief Maduna, Chief Jahana and Chief Sibasa
Auditor-General raps Treasury
Auditor-General Ms Mildred Chiri has rapped Treasury for failing to account for 1 200 computers worth $1,1 million donated by development partners and to properly record Government indebtedness, there...Published: 13 Nov 2018 at 05:41hrs | 381 | by Staff reporter
Beer price back to normal
Beer price which had more than doubled over the past weeks has normalised, while charges for other beverages have also significantly come down.A pint of beer had shot up to $5 owing to panic b...Published: 12 Nov 2018 at 18:19hrs | 5327 | by Staff reporter
Strive Masiyiwa opts out as Econet profits surge
After tax profits in Econet Wireless spiked, propped up by increased uptake of data and fintech services although founder, Strive Masiyiwa has now opted out of the day-to-day board functions of the co...Published: 12 Nov 2018 at 06:19hrs | 11259 | by Staff reporter
Enough fuel for festive season, says Minister
ENERGY and Power Development Minister Dr Joram Gumbo has assured the nation of enough fuel supplies during the forthcoming festive season. In an interview on the sidelines of the just ended 20...Published: 12 Nov 2018 at 05:28hrs | 182 | 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 | 5912 | by Staff reporter
Zimbabwe's 'Black Gold', no rush plus capital wagging State's tail
THE government of Zimbabwe held a Press conference at which President Emmerson Mnangagwa initially announced that a private company, Invictus, had made oil and gas discoveries in Muzarabani district. ...Published: 09 Nov 2018 at 05:10hrs | 351 | by Takura Zhangazha
2% money transfer tax simplified
Intermediated Money Transfer Tax is a tax collected in terms of Section 36G as read with the Thirtieth Schedule of the Income Tax Act [Chapter 23:06]. This tax has been in place since 2003 and an amen...Published: 08 Nov 2018 at 10:30hrs | 5040 | by Staff reporter
One year after Zimbabwe soft coup
When Zimbabwe's army took power in a bloodless coup exactly one year ago, it promised to bring happiness back by ending social and economic suffering.The military said the coup was needed to "...Published: 07 Nov 2018 at 15:03hrs | 2190 | by Tendai Kamhungira
Zimbabwe fuel supplies back to normal
Petrol supplies have returned to normalcy at most service stations, while diesel is still in short supply.Zimbabwe was rocked by fuel shortages soon after Finance minister Mthuli Ncube announc...Published: 07 Nov 2018 at 11:03hrs | 2314 | by Staff reporter
Trade deficit narrows to $127m
Zimbabwe's negative trade balance narrowed markedly in August this year, falling 42 percent to $127,2 million on the back of strong growth in exports, the Reserve Bank of Zimbabwe (RBZ) said in its mo...Published: 07 Nov 2018 at 05:43hrs | 142 | by Staff reporter
Conflation of business and politics: An economic solution for Zimbabwe
September and October saw the prices of basic commodities in Zimbabwe rising beyond the reach of many. Medicines at pharmacies were charged in United States dollars only and those who could not afford...Published: 06 Nov 2018 at 12:35hrs | 1095 | by Elijah Chihota
Petrol prices fall in Zimbabwe
AFTER weeks of chaos, fuel prices in the country fell by at most four cents, with Energy minister Joram Gumbo attributing this to a dip in international crude oil margins.A survey around Harar...Published: 06 Nov 2018 at 05:37hrs | 2247 | by Staff reporter
Fuel queues vanish from Bulawayo filling stations
FUEL supplies have started to normalise in Bulawayo with both diesel and petrol being available at most service stations in the city. Over the past few weeks, fuel was in short supply resulting in lon...Published: 06 Nov 2018 at 05:27hrs | 885 | by Staff reporter
Zimbabwe oil: More details released
The Muzarabani oil project has high potential to produce 3,9 trillion cubic feet (tcf) of natural gas and 181 million barrels of conventional gas, Australia-listed company, Invictus Energy, has confir...Published: 06 Nov 2018 at 05:19hrs | 3563 | by Staff reporter
Mnangagwa, Chiwenga present united front
President Emmerson Mnangagwa and ailing Vice President Constantino Chiwenga appeared together to announce that Australia's Invictus Energy had found oil and gas deposits in the northern Muzarabani are...Published: 03 Nov 2018 at 10:13hrs | 8169 | by Staff reporter
'Queen Bee' divides war vets
President Emmerson Mnangagwa's staunchest backers - the war veterans - are now divided over State capture allegations that have sucked in oil tycoon, Kudakwashe Tagwirei. While the chairperson...Published: 02 Nov 2018 at 06:34hrs | 3795 | by Staff reporter
Did Mnangagwa lie on oil?
Contrary to The Herald story that President Mnangagwa confirmed the positive presence of oil in Muzarabani, Invictus energy Limited has issued a statement that there is no discovery of oil yet. ...Published: 02 Nov 2018 at 06:27hrs | 2940 | by Mandla Ndlovu
Zimbabwe state capture fears escalate
The nasty brawl over the control of President Emmerson Mnangagwa and his government- driven by narrow economic interests- is threatening to paralyse both the State and the ruling Zanu-PF.For t...Published: 01 Nov 2018 at 06:26hrs | 7510 | 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 | 6547 | by Staff reporter
Mnangagwa linked Zuva still has fuel service licence
Yesterday we reported that the government revoked service stations licence for Zuva Petroleum accusing the company o...Published: 31 Oct 2018 at 09:19hrs | 5302 | by Ndou Paul
Captured Joram Gumbo defends Queen Bee
GOVERNMENT has de-regulated the importation of fuel and reports of the existence of a monopoly or cartel are baseless and without foundation, Energy and Power Development Minister Dr Joram Gumbo has s...Published: 31 Oct 2018 at 05:24hrs | 2008 | by Staff reporter
Zimbabwe fuel stations lose licences
GOVERNMENT has withdrawn service licences for some service stations that were charging fuel prices above those recommended by the Zimbabwe Energy Regulatory Authority. Briefing journalists aft...Published: 31 Oct 2018 at 05:22hrs | 1618 | by Staff reporter
Foreign firms show interest in Zimbabwe's new fuel pipeline
Government is in discussions with two foreign companies interested in setting up a second fuel pipeline connecting Zimbabwe and Beira, the port–city of Mozambique, according to Energy and Power Deve...Published: 31 Oct 2018 at 05:19hrs | 1233 | by Staff reporter
Zimbabwe deregulates fuel imports
Government has deregulated the importation of fuel and reports of the existence of a monopoly or cartel are baseless, Energy and Power Development Minister Dr Joram Gumbo has said. He said the...Published: 31 Oct 2018 at 05:17hrs | 1288 | by Staff reporter
Zuva Service Stations lose trading licence
The government today revoked service stations licence for Zuma Petroleum accusing the company of overcharging customers.In a Press Briefing to the Media after today's Cabinet meeting, Minister...Published: 30 Oct 2018 at 18:46hrs | 20495 | by Mandla Ndlovu
'Queen Bee' company to supply Zimbabwe with 1.6 billion litres of fuel
THE fuel supply situation in the country has stabilised after local petroleum giant Sakunda Holdings and its partners last week provided Government with 100 million litres of fuel, which will only be ...Published: 30 Oct 2018 at 05:20hrs | 8121 | by Staff reporter
'Queen Bee' spoils Mnangagwa, Chiwenga with top-of-the-range cars
GOVERNMENT'S Command Agriculture benefactor Kudakwashe Tagwirei reportedly splashed millions of scarce United States dollars on luxury vehicles for President Emmerson Mnangagwa and his deputies, Const...Published: 29 Oct 2018 at 06:02hrs | 11941 | by Staff reporter
Mnangagwa's net closing in on fuel dealers
The net is closing in on fuel dealers who stand accused of abusing their foreign currency allocation from the central bank amid revelations a syndicate of Zambian fuel smugglers was [on Wednesday] nab...Published: 28 Oct 2018 at 21:19hrs | 5399 | by Staff reporter
Zimbabweans sleeping in food and petrol queues
Zimbabweans are sleeping in petrol queues and spending hours lining up for basic food, as the country suffers its worst economic crisis in a decade.Nearly a year after the downfall of dictator...Published: 28 Oct 2018 at 08:51hrs | 1040 | by abc.net.au/
Gumbo defends Sakunda boss AKA 'Queen B'
An explosive social media broadcast by a Zanu-PF insider last week sparked debate about an alleged cartel controlling fuel distribution in the country amid allegations of abuse of foreign currency....Published: 28 Oct 2018 at 08:18hrs | 1812 | 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 | 4931 | by Staff reporter
Mnangagwa to lead in corruption fight
President Mnangagwa will lead the fight against corruption after he reserved to his office several laws meant to curb graft. The President also set out functions for Cabinet ministers in several Statu...Published: 27 Oct 2018 at 08:36hrs | 494 | by Staff reporter
Which way Zimbabwe economy?
Zimbabwe's economy now resembles a dog's breakfast. There's panic, uncertainty and speculation. Prices of basic commodities are rising and nobody seems to care. Fuel is in a fictitious short supply. M...Published: 26 Oct 2018 at 07:11hrs | 869 | by Dr Masimba Mavaza
Mnangagwa declares war on 'rogue' banks
PRESIDENT Emmerson Mnangagwa has declared war on banks reportedly linked to a cartel behind illegal currency activities and the chaos in the economy, it has been learnt.Reserve Bank of Zimbabw...Published: 25 Oct 2018 at 06:45hrs | 5207 | by Staff reporter
Zimbabwe motorists sleep in fuel queues
As the fuel crisis continues to worsen, many motorists are sleeping in fuel queues at various pump stations.In a survey, the Daily News observed that hundreds of people are queuing for fuel fo...Published: 23 Oct 2018 at 13:50hrs | 1493 | by Staff reporter
Kombis spend more time in queues these days
Zanu-PF activist Tjiyapo Velempini has said it has become a daily norm that commuter omnibuses spend a lot of time on fuel queues no matter how long they are."All along I have been wondering w...Published: 23 Oct 2018 at 09:55hrs | 1636 | by Stephen Jakes
Fuel prices go up again
Cost of fuel prices have gone up for the second time in two months, amid serious shortages of the commodity across the country.A survey by the Daily News yesterday showed that the price for bo...Published: 23 Oct 2018 at 07:06hrs | 5775 | by Staff reporter
Why Mnangagwa doesn't have the answers
When President Emmerson Mnangagwa campaigned in July for Zimbabwe's...Published: 22 Oct 2018 at 07:19hrs | 5443 | by Robert Rotberg, Harvard University
Zimbabwe fuel usage up 100%?
FUEL consumption in the country has gone up by 100 percent in recent months, the Minister of Energy and Power Development, Dr Joram Gumbo, said yesterday. In an interview, Dr Gumbo said the ne...Published: 22 Oct 2018 at 06:28hrs | 821 | by Staff reporter
How Mugabe survived assassination in Gutu
Kenny Constantine Mabuya, whose Chimurenga name was Cde Kenny Ridzai, makes stunning revelations about their confrontation with the British authorities after they had been sent as the advance team for...Published: 21 Oct 2018 at 15:32hrs | 10446 | by Staff reporter
Zimbabwe fuel crisis a result of leadership kwashiokor, says Chamisa
MDC leader Nelson Chamisa has described the current fuel crisis in the country as a result of leadership kwashiorkor.Chamisa was yesterday mobbed by motorists after he queued for four hours at...Published: 21 Oct 2018 at 15:12hrs | 1891 | by Staff reporter
Chamisa mobbed by motorists in fuel queue
MDC leader Nelson Chamisa was yesterday mobbed by motorists after he queued for four hours at a fuel station in the Harare Central Business District.Chamisa joined the queue at a Puma Service ...Published: 21 Oct 2018 at 14:28hrs | 8403 | by Staff reporter
Zanu-PF warns that Zimbabwe's economic crisis will deepen without aid
Zimbabwe will plunge further into economic crisis unless international lenders provide aid to the heavily indebted former British colony, senior officials from the Zanu-PF ruling party have said....Published: 21 Oct 2018 at 10:26hrs | 7729 | by The Guardian
Zimbabwe: Beware the long queues doth come
Our rations of overnight snacks packed, our cold-water bottles stashed away, perchance some juice or can of Miranda, warm clothing and a blanket each, here Bible, there a novel in hand and DJ Mjoks on...Published: 21 Oct 2018 at 09:52hrs | 785 | by Zifiso Masiye
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