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Zimbabwe consortium seeks US$3 billion for power transmission project
The Intensive Energy User Group (IEUG), a local power consortium, is calling for over US$3 billion in investment over the next five years to enhance transmission infrastructure and address power imbal...Published: 09 Dec 2024 at 06:58hrs | 651 | by Staff reporter
Zimbabwe juggles US$1bn TBs to avert crisis
President Emmerson Mnangagwa's government is restructuring repayment terms for Treasury Bonds (TBs) as it grapples with escalating debt obligations and the looming threat of default. With nearly US$74...Published: 06 Dec 2024 at 18:06hrs | 294 | by Staff reporter
'John Moxon tried to sell Victoria Falls Hotel stake without board approval'
Tensions at Meikles Limited have reached a boiling point, as a group of four directors has accused the company's non-executive chairman, John Moxon, of attempting to sell the group's 50% stake in the ...Published: 04 Dec 2024 at 09:21hrs | 1726 | by Staff reporter
Global interventions to end HIV and AIDS: A call for sustained action
As the world marks over four decades since the emergence of HIV and AIDS, the global response has evolved from fear and stigma to hope and determination. Through innovative interventions, robust fundi...Published: 03 Dec 2024 at 14:25hrs | 332 | by Marilyn Mutize
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
Phala Phala: Ramaphosa, the missing millions, and the phantom buffalo deal
As the Constitutional Court mulls its judgment in the Economic Freedom Fighters' (EFF) legal challenge this week against Parliament's decision to dismiss an impeachment inquiry into President Cyril Ra...Published: 29 Nov 2024 at 07:43hrs | 593 | by Hope Ntanzi
Zimbabwean accountant in R17m theft from Joburg non-profit entity
A ZIMBABWEAN accountant is in trouble for the theft of over R17 million from his former employer, Johannesburg-based non-profit company Education and Training Unit (ETU), over a period of six years....Published: 24 Nov 2024 at 16:01hrs | 2510 | by Staff reporter
Private sector efficiency: South Africa's Murray & Roberts enters business rescue
Murray & Roberts (M&R) Limited has entered business rescue due to a severe cash crunch in its South African operations. The company, whose shares have fallen 64% recently, is also look...Published: 24 Nov 2024 at 15:40hrs | 2031 | by Staff reporter
Delma Lupepe faces eviction by Obert Mpofu
Once a flamboyant businessman in Bulawayo, Delma Lupepe is now embroiled in a legal battle after allegedly refusing to vacate a rented residential property in Burnside despite owing US$20,000 in unpai...Published: 24 Nov 2024 at 13:12hrs | 2840 | by Staff reporter
Chinese debt threatens to switch off Zimbabwe's Hwange
Zimbabwe's industrial sector is on edge this week as concerns grow over the future of the Hwange Thermal Power Station, a critical asset for the country's beleaguered power grid. With power utility Ze...Published: 24 Nov 2024 at 10:14hrs | 11679 | by Staff reporter
Mohadi commissions Mnangagwa Clinic
Vice President Kembo Mohadi yesterday officially commissioned the Dr Auxillia Mnangagwa Clinic, a state-of-the-art healthcare facility built to honor the First Lady's philanthropic and health advocacy...Published: 16 Nov 2024 at 14:23hrs | 271 | by Staff reporter
Ex-magistrate in court for using Dr Makamba's name to commit fraud
Former Bindura magistrate Edith Kakuruwo and her co-accused, Elvis Muzavazi, appeared at the Bindura Magistrates' Court facing charges of defrauding a businessman of over US$3,000 by allegedly misusin...Published: 14 Nov 2024 at 13:42hrs | 1572 | by Staff reporter
'Trump Presidency to hurt Zimbabwe's trade, investments'
Zimbabwe's trade and investment prospects could face significant challenges following United States President-elect Donald Trump's proposed tariff policies, according to an analysis by FBC Securities....Published: 11 Nov 2024 at 07:13hrs | 2295 | by Staff reporter
Woman jailed four years for fraud
A 46-year-old woman from Harare, Betty Makura, has been sentenced to four years in prison for defrauding a local company director of $40,000 in a fraudulent residential stands deal. The ruling was mad...Published: 03 Nov 2024 at 10:18hrs | 342 | by Staff reporter
Manager in court over ghost workers
Tinashe Madzima, a human resources manager at Livetouch Investments Private Limited, appeared in court on Tuesday facing fraud charges after allegedly creating fictitious employee accounts to defraud ...Published: 31 Oct 2024 at 06:50hrs | 667 | by Staff reporter
Willowgate linked minister in another scandal involving 'stolen' millions
The High Court has mandated Public Service, Labour and Social Welfare Minister July Moyo and Higher and Tertiary Education Minister Fredrick Shava, who is linked to the Willowgate motor scandal, to re...Published: 30 Oct 2024 at 07:56hrs | 703 | by Staff reporter
Zimbabwe ministers convicted for borrowing delinquency
Public Service Minister July Moyo and Higher and Tertiary Education Minister Fredrick Shava have been ordered by the High Court to repay a staggering ZWG206,370,840, which was borrowed from critical s...Published: 29 Oct 2024 at 16:37hrs | 5817 | by Staff reporter
Mnangagwa's govt in soup over unsanctioned US$500m 'loan'
A local citizen, Marvelous Khumalo, has taken the Zimbabwean government to court, demanding the repayment of over half a billion United States dollars allegedly misappropriated through unauthorized bo...Published: 29 Oct 2024 at 07:44hrs | 1115 | by Staff reporter
Congregant arrested for stealing church funds
In an unexpected turn of events within Bethel Church in Cowdray Park, Bulawayo, a church member has been arrested and sentenced after being found guilty of stealing from church funds. Bridget Chiedza,...Published: 26 Oct 2024 at 12:53hrs | 362 | by Staff reporter
US Ambassador agrees that Zimbabwe was under sanctions
In a recently published op-ed, US Ambassador to Zimbabwe, Pamela M. Tremont, provided clarity on the sanctions imposed on Zimbabwe, emphasizing the limited scope and specific targets of these measures...Published: 25 Oct 2024 at 12:54hrs | 603 | by Ambassador Pamela M. Tremont
Bad debtor attempts to murder money lender
A 24-year-old man from Matura Compound in Chinhoyi has been sentenced to three years in jail for attempted murder after a violent altercation with a neighbor over an unpaid loan. Byron Kachimanga was ...Published: 24 Oct 2024 at 07:55hrs | 305 | 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 | 641 | 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 | 5905 | by Staff reporter
Zimbabwe paying Ian Smith regime debt used for fighting liberators
Zimbabwe has been burdened with a staggering $700 million debt incurred during the Ian Smith regime, primarily used for purchasing weapons to suppress liberation efforts, according to researcher and A...Published: 18 Oct 2024 at 10:25hrs | 913 | by Staff reporter
Zanu-PF gold baron refutes owing US$3m in gold deliveries, threatens
Zanu-PF's Insiza North Member of Parliament, Farai Taruvinga, a well-known gold magnate in Matabeleland South, is embroiled in a legal battle with gold buyer Shasha Richard Gomez over an unpaid gold d...Published: 17 Oct 2024 at 17:12hrs | 3930 | by Staff reporter
Bonyongwe, Mutsvangwa bitter feud escalates
The ongoing feud between former Central Intelligence Organisation (CIO) Director-General Happyton Bonyongwe and Zanu PF spokesperson Chris Mutsvangwa has escalated, with Bonyongwe launching a scathing...Published: 15 Oct 2024 at 09:23hrs | 3933 | by Staff reporter
Zanu-PF MP lives luxury lifestyle, fails to pay debts
Despite his ongoing development of a US$5 million rural shopping complex at Skuta Business Centre along the Bulawayo-Masvingo highway in Filabusi, Zanu PF Insiza North MP Farai Taruvinga is facing leg...Published: 15 Oct 2024 at 09:18hrs | 2988 | by Staff reporter
Zimbabwe has US billion dollars overseas, can wipe out debt within 24 hrs
The recent Bulawayo24 article tells us that Zimbabwe is cash-strapped: it has a staggering debt of US$ 31billion; both domestic and international. This statement is partly true. In paper, Zimbabwe is ...Published: 13 Oct 2024 at 19:56hrs | 25198 | by Nomazulu Thata
Prophet Walter Magaya in financial trouble
Leading ZIFA presidential candidate Prophet Walter Magaya is at risk of losing his hotel and the Heart Stadium in Waterfalls, Harare, due to an outstanding debt of US$420,000 owed to GetBucks Microfin...Published: 12 Oct 2024 at 16:47hrs | 2579 | by Staff reporter
Evasive Zanu-PF's crook MP sued by chief election agent
Zanu-PF legislator for Chipinge Central, Raymond Machingura, has been sued by his chief election agent after failing to reimburse over US$1,400 in cash, plus a Nissan NP300 bakkie, as payment for elec...Published: 11 Oct 2024 at 20:19hrs | 1256 | by Gideon Madzikatidze/Simbarashe in Chipinge
7 countries at risk of bankruptcy
About seven developing countries are currently in danger of facing bankruptcy or in need of a bailout due to piling debt which is slowly gearing towards a default level.Countries can file for ...Published: 09 Oct 2024 at 07:16hrs | 655 | by Staff reporter
Zanu-PF MP ordered to pay US$3 million
Zanu-PF's Insiza North Member of Parliament, Farai Taruvinga, a prominent gold baron in Matabeleland South province, is facing legal action from gold buyer Shasha Richard Gomez over an unpaid gold del...Published: 07 Oct 2024 at 12:18hrs | 1837 | by Staff reporter
BAZ, central bank meet over policy interventions
The Bankers Association of Zimbabwe (BAZ) held a crucial meeting with the Reserve Bank of Zimbabwe (RBZ) governor, Dr. John Mushayavanhu, on Monday to address key policy changes from the Monetary Poli...Published: 03 Oct 2024 at 08:44hrs | 56 | by Staff reporter
Man steals US$7 259, R10 000 blows it on cleansing ritual
A 51-year-old Bulawayo man, Bongani Matshazi, has been sentenced to six months in prison after being convicted of stealing US$7,259 and R10,000 from his employer to pay for a spiritual cleansing ritua...Published: 27 Sep 2024 at 15:22hrs | 363 | by Staff reporter
Tracing debtors can be a headache unless done by professionals
Tracing people who owe them money can be a headache for many organisations, including small enterprises. The money may never be recovered simply because the person owing the money becomes evasive and ...Published: 26 Sep 2024 at 11:24hrs | 225 | by Agencies
Bulawayo schools to apply for loans
Bulawayo City Council has given the green light to a new policy allowing its schools to seek loans for developmental projects, provided they cover 60% of the project costs themselves. This decision ai...Published: 16 Sep 2024 at 08:14hrs | 244 | by Staff reporter
Zimbabwe's ballooning US$21 billion debt spirals out of hand
Citizen Coalition for Change (CCC) Mbizo Member of Parliament (MP), Corban Madzivanyika, has raised alarm over Zimbabwe's escalating public debt, which has now surpassed US$21 billion. During a recent...Published: 15 Sep 2024 at 10:06hrs | 1816 | by Staff reporter
Winter wheat harvesting begins in Zimbabwe
Farmers across the country have begun harvesting early-planted winter wheat, with others preparing to start soon, aiming for a smooth and timely harvest of the valuable crop. To support this effort, t...Published: 15 Sep 2024 at 09:56hrs | 150 | by Staff reporter
The day Sadc failed
THREE weeks ago, the regional bloc,Southern African Development Community (Sadc), hosted the 44th summit in Harare.The summit saw Zimbabwe becoming the chair of the region for the next...Published: 07 Sep 2024 at 10:12hrs | 220 | by Paidamoyo Muzulu
South Africa GDP growth is an 'illusion' benefiting the few
The Economic Freedom Fighters (EFF) have dismissed the recent GDP growth figures released by Statistics South Africa (Stats SA) as "misleading", accusing the government and financial institutions of c...Published: 05 Sep 2024 at 09:17hrs | 184 | by Staff reporter
Driver defrauds InnBucks of US$13,700
Cleopas Chisingarambwe, a part-time driver for Abro Coaches, appeared in the Harare Magistrates Court on charges of defrauding InnBucks MicroBank of US$13,700. Magistrate Dennis Mangosi re...Published: 22 Aug 2024 at 07:19hrs | 3779 | by Staff reporter
Man stabs ex-lover over US$40
A 49-year-old man from Kariba was sentenced to 30 months in prison for attempting to murder his ex-lover over a US$40 debt.According to the National Prosecuting Authority of Zimbabwe (NPAZ), t...Published: 04 Aug 2024 at 15:26hrs | 501 | by Staff reporter
Court orders Zimra to return seized truck & reimburse sold cargo
The High Court has ordered the Zimbabwe Revenue Authority (Zimra) to release a truck it had impounded, which was allegedly used to import an undeclared chemical. The truck and its cargo belonged to Si...Published: 01 Aug 2024 at 09:11hrs | 614 | by Staff reporter
Uninterrupted power supply for hospitals, clinics in Zimbabwe
Hospitals and clinics in Zimbabwe are set to be exempted from load shedding as the government plans to install solar power systems to ensure continuous power supply. This move aims to address the issu...Published: 21 Jul 2024 at 10:24hrs | 810 | by Staff reporter
Granny raped 'for grand-daughter's sins'
IN a rather bizarre incident, a 72-year-old woman from Mgadla Village, Matobo District in Matabeleland South province was allegedly raped by her granddaughter's 22-year-old ex-lover as repayment for a...Published: 20 Jul 2024 at 12:09hrs | 524 | by Staff reporter
Tsholotsho school unveils new bus
Tsholotsho High School, located in Matabeleland North and known as the "school of choice," has commissioned a new 72-seater bus to boost student morale during sports and educational tours. The bus was...Published: 15 Jul 2024 at 16:40hrs | 1124 | by Staff reporter
Examiner in US$500k criminal abuse of office scandal
Absolom Magwere, a principal examiner in the Ministry of Justice, Legal and Parliamentary Affairs, appeared before Harare regional magistrate Marehwanazvo Gofa on charges of criminal abuse of office i...Published: 15 Jul 2024 at 08:16hrs | 181 | by Staff reporter
Bambazonke lawyers in court over US$500K fraud
Two Harare lawyers, Martin Murimirambewa (53) of Mapaya and Partners, and Shakespear Karuwa (55) of Karuwa and Associates, appeared in court on fraud charges involving US$500,000. They were released o...Published: 12 Jul 2024 at 08:09hrs | 27 | by Staff reporter
Zimbabwean man wants his R1.6 million lobola back
SOUTH Africa-based businessman, Shepherd Chipatiko, is demanding back the R1,6 million (about US$91 000), he splashed on lobola and marriage celebrations, from his ex-wife after their short-lived marr...Published: 08 Jul 2024 at 11:20hrs | 45 | by Staff reporter
Senior citizen defrauds pension office
In Plumtree, a 63-year-old woman named Tshiyiwe Ndlovu has been convicted of defrauding the pension office of over US$2,000. She pleaded guilty before magistrate Jo...Published: 05 Jul 2024 at 11:33hrs | 2 | by Staff reporter
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