Search / Private equity
Zimbabwe's RTG reports sharp rebound in foreign tourist arrivals
Zimbabwe's largest hotel operator, Rainbow Tourism Group (RTG), has reported a strong rebound in foreign guest arrivals, signaling a wider recovery in the region's hospitality sector as international ...Published: 16 Jun 2025 at 14:42hrs | 156 | by Staff reporter
How the NRZ Can Fund Zimbabwe's Pensioners on Its Own
As Zimbabweans, do we pause to look inward and realise that some of the solutions we desperately seek already lie within our own institutions. The National Railways of Zimbabwe (NRZ) stands as a t...Published: 24 May 2025 at 23:02hrs | 426 | by Jacob Kudzayi Mutisi
Zimbabwe farmers displaced by new city compensated
The Zimbabwean Government has initiated the compensation process for over 300 farmers whose land was repossessed for the development of the new city in Mt Hampden, with five farmers already receiving ...Published: 06 Apr 2025 at 11:33hrs | 1007 | by Staff reporter
Mukuru: Born on a Chimanimani mountain, and now a billion-dollar fintech business
Mukuru was first envisioned by two Zimbabwean entrepreneurs while mountain climbing in Chimanimani in Eastern Zimbabwe. The company later began operations in a bedroom in Cambridge, England in 2004, b...Published: 25 Mar 2025 at 11:55hrs | 3110 | by Staff reporter
London declining as financial center
The number of companies listed on the London Stock Exchange (LSE) is decreasing at the quickest pace in more than ten years, Bloomberg has reported, citing data compiled by the outlet.In 2024,...Published: 06 Dec 2024 at 14:20hrs | 282 | by Staff reporter
5MW plant commissioned at Mutirikwi Dam
A major step forward in Zimbabwe's energy sector was made on Saturday with the commissioning of a five-megawatt hydropower project at Mutirikwi Dam. The plant, a collaboration between local and foreig...Published: 21 Nov 2024 at 06:30hrs | 309 | by Staff reporter
'ZSE left with two valuable counters'
The Zimbabwe Stock Exchange (ZSE) is witnessing a significant shift, with Delta Corporation Limited and Econet Wireless Zimbabwe now standing as the only major valuable counters on the bourse. Several...Published: 20 Nov 2024 at 07:03hrs | 199 | by Staff reporter
Setback for Ramaphosa as another major retailer in South Africa closes its doors
Jumia Technologies, the Africa-focused e-commerce retailer that operates popular online retailer Zando, says it will be exiting the South African business by the end of the year to sharpen its focus o...Published: 19 Oct 2024 at 12:31hrs | 9617 | by Staff reporter
Pravin Gordhan kicks the proverbial bucket
Pravin Gordhan served as a minister during the state capture years. But he will also be remembered for being among those who pushed back against its architects.Gordhan passed away on Friday at...Published: 13 Sep 2024 at 06:34hrs | 1029 | by Staff reporter
Mashonaland's new city takes shape
The Government of Zimbabwe has commenced servicing land in Mt Hampden, where the new commercial and administrative capital will be established. This follows the recent repossession of 47 farms coverin...Published: 25 Aug 2024 at 11:18hrs | 760 | by Staff reporter
47 farms earmarked for new city
FORTY-SEVEN farms in Mashonaland West and Mashonaland Central provinces have been earmarked for the development of the new capital city in Mt Hampden, where work on core infrastructure, which includes...Published: 10 Mar 2024 at 06:24hrs | 19 | by Staff reporter
Mnangagwa's Mutapa Fund likely to create oligarchs
FEARS abound that President Emmerson Mnangagwa's self-serving Mutapa Investment Fund project has hallmarks of how Russian state assets were sold for a song or brazenly stolen during its transition fro...Published: 09 Oct 2023 at 13:50hrs | | by Staff reporter
Memorial service of Zimbabwean-based Indian mining mogul postponed indefinitely
The memorial service of Zimbabwean-based Indian mining mogul Harpal Randhawa and his son Amer who died with four colleagues on Friday in a plane crash on their way from Harare to Murowa Diamonds in Zv...Published: 02 Oct 2023 at 20:28hrs | 2 | by Staff reporter
Zimbabwe Treasury has not exempted state enterprises from procurement rules
The state enterprises under the Mutapa sovereign wealth fund still have to comply with procurement rules despite an exemption issued for the fund itself, The Ministry of Finance says.In a gove...Published: 02 Oct 2023 at 19:57hrs | 4 | by Staff reporter
Massive blow to Mthuli Ncube's bid to widen political ambitions
FINANCE Minister Mthuli Ncube has abandoned his neutral technocrat tag and is now fully embedded in Zanu-PF, but his bid to grow his political clout suffered after he was defeated in the Cowdry Park c...Published: 28 Aug 2023 at 21:44hrs | 5 | by Staff reporter
Masiyiwa named among only 17 black billionaires in the world
ACCORDING to Forbes, there are currently 2,640 billionaires in the world. They are collectively worth $12.2 trillion. The United States is the number one home of billionaires with 735 of them, followe...Published: 05 Jun 2023 at 06:59hrs | 6 | by Staff reporter
Zimbabwean-born Marinos quits as Rugby Australia chief ahead of World Cup
Rugby Australia (RA) boss Andy Marinos resigned on Monday four months out from the World Cup in France, saying it was time to move on after returning the organisation to profit.The Zimbabwe-bo...Published: 01 May 2023 at 19:20hrs | 2 | by Staff reporter
China Energy proposes $1 billion floating solar farm In Zimbabwe
More than 1.8 million photovoltaic panels installed over 146 modular floating units would be used for the Lake Kariba project.China Energy Engineering Group proposed building a 1,000-megawatt ...Published: 28 Mar 2023 at 06:57hrs | 2 | by Staff reporter
Mthuli Ncube abandons technocrat tag
FINANCE minister Mthuli Ncube has abandoned his public image as President Emmerson Mnangagwa's poster boy technocratic cabinet minister after throwing his hat in the ring ahead of the Zanu-PF primary ...Published: 25 Mar 2023 at 11:33hrs | 3 | by Staff reporter
‘Startups with diverse founders up-skilled on how to attract investors’
A Venture capital workshop was organized by the US Embassy in partnership with Eight2Five Innovation Hub. The hub has consistently moved towards supportin...Published: 09 Dec 2022 at 16:08hrs | 12 | by Simbarashe Sithole
Old Mutual-backed tech hub trains start-ups on venture capital
Old Mutual Zimbabwe's corporate incubator and accelerator in Harare, Eight2Five Innovation Hub has collaborated with the US Embassy to bring a US Venture Capital expert, Dawn Batts to upskill local en...Published: 30 Nov 2022 at 17:44hrs | 11 | by Simbarashe Sithole
Zimbabwe can be a financial hub
MAURITIUS Finance chief operating officer Vinod K. Bussawah, who is also chairperson of Harare-based financial advisory firm Bard Santner Markets Inc, says Zimbabwe can become a regional financial hub...Published: 23 Oct 2022 at 17:21hrs | | by Staff reporter
Zimbabwe developing a new US$60bn capita city
Plans to develop Zimbabwe's new capital city in Mt Hampden are gathering momentum, with a masterplan for the multi-billion-dollar ultra-modern development now complete.The US$60 billion metrop...Published: 31 Jul 2022 at 08:10hrs | 8 | by Staff reporter
Zimbabwe is ripe for investment - it just needs to be done the right way
The massive surge in diaspora remittances to Zimbabwe - up to $1.4 billion last year - makes for an interesting case study of an economy significantly different from others. Not many countries can loo...Published: 27 Jul 2022 at 13:01hrs | 2 | by Agencies
Zimbabweans clinch US$113 million property deal in Namibia
ZIMBABWEAN investors, including pension funds, are working on plans to take over a US$113 million (N$1,8 billion) property, The Grove Mall of Namibia, in Windhoek.The deal, which is at an adva...Published: 18 Jun 2022 at 07:27hrs | 3 | by Staff reporter
10 reasons to consider African trade and investment opportunities in 2022
1. Visible green shoots – rising commodity pricesThe pandemic closed borders and stopped trade, other than for essentials, across the continent and was the principal reason for a decline in ...Published: 09 Jan 2022 at 06:19hrs | 15 | by Lerisha Naidu
Marc Holtzman: His axis with Mnangagwa and CBZ Bank
ON Monday last week - 15 November - Zimbabwean President Emmerson Mnangagwa travelled with a delegation of senior government officials and top business executives to the Intra-African Trade Fair in Du...Published: 27 Nov 2021 at 16:54hrs | 21 | by Staff reporter
Bankers plan to establish a new financial behemoth
ON 3 September 2021, The NewsHawks exclusively published a story that government, bankers and investors, including local business tycoon Kudakwashe Tagwirei, are working on a plan to create the bigges...Published: 13 Nov 2021 at 17:45hrs | 13 | by Staff reporter
Zimbabwean banker in failed West Ham bid
A LONDON-BASED Zimbabwean investment banker was part of a failed bid by a high-powered consortium, which wanted to take over high-flying English Premiership club West Ham United, in a deal worth about...Published: 03 Nov 2021 at 05:20hrs | 4 | by Staff reporter
'Mnangagwa must not contest the 2023 presidential election'
ZIMBABWEAN President Emmerson Mnangagwa must regularise his illegitimate leadership position, but not contest the 2023 presidential election, as he would be a geriatric by then, prominent corporate ex...Published: 30 Oct 2021 at 15:06hrs | 8 | by Staff reporter
Truckers face Beitbridge chaos
When it was controversially awarded a US$240 million contract to upgrade the Beitbridge border post in 2018, the Zimborders Consortium said it would provide "world class border facilities that optimis...Published: 18 Oct 2021 at 19:32hrs | 5 | by Staff reporter
Inside Zimbabwean tycoon Billy Rautenbach's offshore family trust
Records from a massive offshore data leak have provided the most detailed account yet of buccaneering mining and fuel magnate Billy Rautenbach's family empire.It started with a marriage settle...Published: 05 Oct 2021 at 06:40hrs | 9 | by Daily Maverick
Security - Why it Matters for Due Diligence - use a data room
After the stock market crashed in 1929, a new law was formed. The Securities Act of 1933 sought to help investors make more inf...Published: 28 Apr 2021 at 05:53hrs | 19 | by Staff writer
Mnangagwa's associates under fire from the public over Chilonga land seizure
OUTRAGE is growing over government's plan to displace over 12 500 villagers in the Chilonga area of Chiredzi to accommodate President Emmerson Mnangagwa's cronies at Dendairy.Darren Coetzee, D...Published: 06 Mar 2021 at 08:04hrs | 25 | by Staff reporter
Upgrade for Zimbabwe and South Africa border post
Private equity firm Harith General Partners Pty Ltd and the Phembani Remgro Infrastructure Fund are buying equity in a company investing $296 million to modernize Zimbabwe Beitbridge border, one of Af...Published: 01 Dec 2020 at 21:02hrs | | by Bloomberg
SAA awaits approval to repatriate blocked funds from Zimbabwe
The airline's rescue practitioners, Les Matuson and Siviwe Dongwana, have already accepted the mining company's offer to pay South African Airways (SAA) in exchange for access to its funds in Zimbabwe...Published: 23 Oct 2020 at 08:33hrs | 2 | by Staff reporter
Zimbabwe's re-engagement bearing fruits
The United Kingdom is a critical cog in Zimbabwe's efforts to re-integrate into the community of nations following years of isolation in the First Republic. As the former colonial power, the United Ki...Published: 25 Aug 2019 at 08:36hrs | 1 | by Staff reporter
American banker takes over CBZ Holdings Chairmanship
An American banker, Marc Holtzman has been appointed as CBZ Holdings new board chairman.Mr Holtzman has three decades of political and public service in the United States and is former chairma...Published: 23 Aug 2019 at 17:40hrs | 2 | by Staff reporter
Judge orders Moyo to be reinstated as CEO of Old Mutual
The South Gauteng High Court has ordered Old Mutual and respondents to temporarily reinstate Peter Moyo as CEO, who was fired in June and to put a halt on any decision to replace him. It also ordered ...Published: 30 Jul 2019 at 14:39hrs | 15 | by CNBC Africa
Mthuli Ncube happy with reforms progress
FINANCE and Economic Development Minister, Professor Mthuli Ncube, has expressed satisfaction with progress made in the economic reform process and the performance of the interbank market to date. ...Published: 30 Jul 2019 at 07:22hrs | 5 | by Staff reporter
Mthuli Ncube working on private equity fund
Finance and Economic Development Minister, Professor Mthuli Ncube says the government will step up efforts to stimulate productivity in the manufacturing sector by facilitating the introduction of pri...Published: 27 Jul 2019 at 17:39hrs | 3 | by Staff reporter
Mthuli Ncube was also surprised
It's almost a year since Finance minister Mthuli Ncube was appointed by President Emmerson Mnangagwa to help turn around an economy weighed down by decades of ruinous policies.In the 10 months...Published: 14 Jul 2019 at 15:01hrs | | by Staff reporter
Skeletons tumbling at Choppies
SKELETONS are tumbling out of Botswana headquartered Choppies' closet ahead of the completion at month-end of a forensic probe into the group, with multiple sources claiming the findings will rock the...Published: 19 Jun 2019 at 07:40hrs | 5 | by Staff reporter
Ideas, not money is what is in short supply in Zimbabwe
The economic challenges facing Zimbabwe are not about money. Our major issue is deficiency of a supportive government with competencies to design policies that enable innovation and value creation....Published: 12 Jun 2019 at 07:03hrs | 1 | by Brian Sedze
Why South Africa wants to regulate cryptocurrencies
South Africa as a financial market participant has been on the rise in the last decade or so. Their prowess in financial knowledge, the growth of their economy, alongside the private equity indicator ...Published: 03 May 2019 at 13:47hrs | 19 | by Staff Writer
Zimbabwean businesswoman wins Forbes Africa Woman Businesswoman of the Year Award
TRAILBLAZING Zimbabwean businesswoman and Securico chief executive officer Divine Ndhlukula has won the prestigious Forbes Africa Woman Businesswoman of the Year Award.In winning the award Ndh...Published: 10 Mar 2019 at 22:03hrs | 1 | by newzimbabwe
Investment bill to be gazetted in 2-3 weeks
THE Zimbabwe Investment Development Authority Bill (Zida) is set to be gazetted within the next few weeks. The merging of the country's investment entities mooted in May 2018 is inspired by th...Published: 04 Feb 2019 at 07:52hrs | 1 | by Staff reporter
Promoting/Empowering Start ups can be a way of solving a problem
A startup or start-up is started by individual founders or entrepreneurs to search for a repeatable and scalable business model. More specifically, a startup is a newly emerged business venture that a...Published: 03 Dec 2018 at 16:15hrs | 2 | by Enos Denhere
CDC concerned about Zimbabwe's currency issues
The Commonwealth Development Corporation (CDC) has expressed concern over Zimbabwe's currency situation after Treasury resolved tax compliance issues around a long-delayed $100m loan that was extended...Published: 28 Oct 2018 at 21:20hrs | | by Staff reporter
Mnangagwa's message to Uncle Sam
President Emmerson Mnangagwa has said Zimbabwe has no quarrel with the United States government and its people, and he is pleased with the way relations between the two countries are improving....Published: 23 Sep 2018 at 08:37hrs | 1 | by Staff reporter
Load More Stories
