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Dutch firm sssures Bulawayo residents that water will not be privatised
Vitens Evides International (VEI), a Dutch water utility company, has reassured Bulawayo residents that its proposed framework for managing the city's water and sanitation services will not involve pr...Published: 52 mins ago | 87 | by Staff reporter
War vets company holds AGM amid squabbles
Zvimba East Veterans Investment Company (Zevic), a company wholly owned by veterans of the liberation struggle, is set to hold its Annual General Meeting (AGM) on December 20, 2024, despite ongoing sh...Published: 7 hrs ago | 147 | by Staff reporter
Paid an arm and leg for Hwange Unit 7 & 8 and yet they not generating - Chinese demanding head in a silver platter!
ZESA's explanation of reduced generation from Hwange Thermal Power Station especially due to repeated Units 7 and 8 did not make any sense at all. The two units costing US$ 1.4 billion were commission...Published: 17 hrs ago | 1094 | by Wilbert Mukori
Stanbic Bank Steps up efforts to promote International Trade
Harare - 20 November 2024 - Leading financial services institution, Stanbic Bank Zimbabwe has stepped up efforts to promote international trade by launching an e-book which guides locals on how to sou...Published: 17 hrs ago | 80 | by Agencies
Innscor engages govt over tax
Innscor Africa Limited has raised concerns over high taxes and their detrimental impact on the company's profitability, warning that the escalating cost-push pressures are putting a strain on its fina...Published: 18 Nov 2024 at 15:06hrs | 164 | by Staff reporter
Gono company directorship change case takes new twist
The trial of Clark Clever Makoni and his wife Beverly Aisha Ndonda Makoni resumed yesterday, with the prosecution alleging that the couple engaged in fraudulent activities by illegally changing the di...Published: 01 Nov 2024 at 06:40hrs | 469 | by Staff reporter
African Sun to Sell Monomotapa Hotel
The Zimbabwe Stock Exchange-listed hospitality group, African Sun Limited, has announced plans to sell its flagship property, the Monomotapa Hotel Crowne Plaza in Harare. The move comes as part of a s...Published: 01 Nov 2024 at 06:27hrs | 296 | by Sgtaff reporter
Deeds Office sucked into Harare land scam
The Harare City Council (HCC) land scam involving plots in Greendale has escalated, drawing in the Deeds Office amid serious allegations of the creation of fake deeds by individuals allegedly linked t...Published: 21 Oct 2024 at 07:51hrs | 711 | by Staff reporter
Barak Obama is out of touch about Kamala!
Brother Obama, president (2008-2016) is himself the cause for the decline of support among blacks for the Democratic Party.The entry of former president Barak Obama into the fray on behalf of ...Published: 20 Oct 2024 at 14:03hrs | 171 | by Kenneth Mufuka
Zimbabwe mining company seeks intervention from Australian Ambassador
Shamva-based gold mining company Korzim Strategic Minerals (Pvt) Ltd has reached out to Vice-President Kembo Mohadi and Australian Ambassador to Zimbabwe Minoli Perera, alleging misconduct by an Austr...Published: 20 Oct 2024 at 12:22hrs | 554 | by Staff reporter
SA constitution serves the elite and the neoliberal agenda
The MK Party has called for the scrapping of South Africa's constitution, claiming it serves the elite and the neoliberal agenda. The party, led by former president Jacob Zuma who was in the A...Published: 19 Oct 2024 at 19:59hrs | 253 | by Staff reporter
5 police officers acquitted on US$15,000 extortion charges
Five Harare police officers who were accused of demanding a US$15,000 bribe from a company director to drop false rape charges have been acquitted. Harare magistrate Donald Ndirowei cleared the office...Published: 14 Oct 2024 at 08:12hrs | 240 | by Staff reporter
Telecel Zimbabwe faces scandal over disappearance of generators
Telecel Zimbabwe, one of the country's three mobile telecommunications companies, is embroiled in a scandal following the alleged theft of 20 generators used to provide backup power to its network tow...Published: 13 Oct 2024 at 12:20hrs | 305 | by Staff reporter
Dairibord has no plans to exit Zimbabwe
Dairibord Holdings has firmly dismissed recent online reports suggesting that the company is planning to shut down its operations in Zimbabwe and relocate to South Africa. The group has reaffirmed its...Published: 09 Oct 2024 at 07:36hrs | 299 | by Staff reporter
Kudenga, Masunda bid to grab Oliver Chidawu's estate flops
Attempts by chartered accountant Ngoni Kudenga and former Harare Mayor Muchadeyi Masunda to grab late former Harare Metropolitan Affairs and Devolution minister Oliver Chidawu's estate have been stopp...Published: 05 Oct 2024 at 12:09hrs | 488 | by Staff reporter
Businessman, lawyer in US$800k fraud scandal
Harare businessman Ariginero Muzeya and lawyer Agness Chatsama have been charged in a fraud case involving US$800,000, stemming from the alleged illegal sale of a valuable property. The duo appeared b...Published: 01 Oct 2024 at 08:57hrs | 308 | by Staff reporter
War veterans company in turmoil
Zvimba East Veterans Investment Company (ZEVIC), a firm established and wholly owned by veterans of the liberation struggle, is embroiled in turmoil following revelations that its bank account has bee...Published: 29 Sep 2024 at 11:30hrs | 428 | by Staff reporter
Fight for Gwanda mine escalates amid bribery allegations
The ongoing dispute over Vubachikwe Gold Mine has escalated, with major shareholder Forbes & Thompson accusing lawyers representing Fawcett Security Operations - a creditor seeking to ...Published: 29 Sep 2024 at 11:16hrs | 208 | by Staff reporter
Ex-ZIPRA combatants to hold meeting on property recovery efforts
Former ZIPRA combatants are set to convene an emergency meeting to assess progress regarding the recovery of properties seized by the government during the Gukurahundi era in the early 1980s. The upco...Published: 26 Sep 2024 at 10:33hrs | 325 | by Staff reporter
Marconati gets two-year jail term in Zimbabwe
Marondera businessman Francesco Marconati has been sentenced to two years in prison after being found guilty of fraudulently removing his business partner from the directorship of Eagle Italian Shoes....Published: 18 Sep 2024 at 18:20hrs | 727 | by Staff reporter
Zulu Lithium operations set for restart
In February this year, Premier announced its intention to raise £2,4 million (about US$3,15 million) to fund the Zulu project, which is situated in Insiza district, Matabeleland South Province....Published: 16 Sep 2024 at 08:43hrs | 411 | by Staff reporter
Harare - Chitungwiza railway line latest
The long-awaited construction of the Harare-Chitungwiza railway line has received a major boost following the signing of a Memorandum of Understanding (MoU) between Zimbabwe and China during the recen...Published: 13 Sep 2024 at 08:01hrs | 435 | by Staff reporter
Stripping of hotel group's assets at African Sun?
African Sun, a leading hospitality group, has announced plans to divest the Great Zimbabwe Hotel in Masvingo and the Beitbridge Express Hotel to TD Hotels & Leisure (Private) Limited.In a ...Published: 09 Sep 2024 at 08:33hrs | 862 | by Staff reporter
Invictus Energy reclassified its Zimbabwe operation
Australian energy firm Invictus Energy Limited has reclassified itself from an explorer to a developer as it moves towards becoming a producer. This shift follows significant gas and oil discoveries a...Published: 28 Aug 2024 at 13:25hrs | 2011 | by Staff reporter
Chimombe claims that fraud charges politically motivated
ZANU-PF central committee member and businessman Mike Chimombe has claimed victimization by politically motivated individuals in connection with a US$9.2 million tender scandal for streetlight install...Published: 23 Aug 2024 at 06:54hrs | 802 | by Staff reporter
Chimombe distances himself from Mpofu's company
BUSINESSMAN Mike Chimombe, facing corruption charges in a US$9 million Harare street lights installation tender, has distanced himself from his co-accused, Moses Mpofu's company, Juluka Projects and P...Published: 01 Aug 2024 at 16:50hrs | 2431 | by Staff reporter
VID impounds Zupco bus
The dispute between the Zimbabwe Passengers Company (Zupco) and the Vehicles Inspectorate Department (VID) continues to disrupt public transport. VID officers recently impounded a Zupco bus in...Published: 24 Jul 2024 at 09:12hrs | 1266 | by Staff reporter
Harare City bosses denied bail over tender
Four Harare City officials were denied bail by Harare regional magistrate Marehwanazvo Gofa for allegedly awarding a US$9 million tender to Juluka Endo company for streetlight rehabilitation without p...Published: 23 Jul 2024 at 07:15hrs | 247 | by Staff reporter
Rutendo Matinyarare jailed in South Africa
Zanu PF activist Benson Rutendo Manyarare has been convicted of contempt of court and jailed for three months by a court in Johannesburg, South Africa.The sentence was wholly suspended on cond...Published: 16 Jul 2024 at 20:54hrs | 2544 | by Staff reporter
The Sentry report on Mutapa Fund is shallow and weak
I had the MISFORTUNE of going through a report prepared and distributed by The Sentry, possibly written by an excitable Nick Donovan. Long story short, the report is shallow and weak. Here is ...Published: 04 Jul 2024 at 16:37hrs | 14 | by MMatigary
Shareholders cream off US$1,6b from Mutapa
Zimbabwe's debt restructuring talks are at risk following revelations that the country's liabilities may have increased due to a secretive US$1.6 billion payment to unknown shareholders under the sove...Published: 04 Jul 2024 at 09:33hrs | 9 | by Staff reporter
EcoCash to invest in banking technologies
EcoCash Holdings Zimbabwe Limited (EcoCash) plans to invest in technologies to expand its banking unit, Steward Bank, after transferring its fintech firms to Econet Wireless Zimbabwe. This move was ap...Published: 02 Jul 2024 at 11:16hrs | 7 | by Staff reporter
Delma Lupepe sucked in nasty mine dispute
Former Amazulu Football Club owner and businessman Delma Lupepe is embroiled in a contentious legal battle over allegations of fraudulently acquiring Duive Enterprises Private Limited, a mining entity...Published: 01 Jul 2024 at 04:04hrs | 58 | by Staff reporter
Australia firm unfazed by Zimbabwe lithium setback
MetalsGrove, an Australia Stock Exchange (ASX)-listed company, has announced its intention to continue pursuing lithium assets in Zimbabwe despite initial exploration setbacks. The company's explorati...Published: 30 Jun 2024 at 18:31hrs | | by Staff reporter
Son causes father's arrest for US$250,000 fraud
Graham Garnet Metcalf, an 86-year-old former director of Lakeland Ventures (Pvt) Ltd, faced court proceedings after being accused by his son, Gregory Graham Hall, of misappropriating US$250,000 f...Published: 28 Jun 2024 at 07:43hrs | 17 | by Staff reporter
Son sues father for US$250 000 fraud
An 86-year-old man, Graham Garnet Metcalf Hall of Borrowdale Brooke, is facing fraud charges for allegedly selling his son's property in Dandaro Village, Harare, for US$250,000 without authorization. ...Published: 27 Jun 2024 at 06:41hrs | 4 | by Staff reporter
Chimombe, Mpofu appear in court
Local businessman Moses Mpofu, who runs Blackdeck Livestock and Poultry Farming, and Mike Chimombe, one of his five agents in the US$88 million Presidential Goat Scheme, are facing charges at Harare's...Published: 26 Jun 2024 at 13:04hrs | 12 | by Staff reporter
Chimombe disowned
In a new development regarding the presidential goat scheme scandal involving Zanu-PF-linked businesspersons, Blackdeck (Pvt) Limited has denied any association with Mike Chimombe, a central committee...Published: 26 Jun 2024 at 07:29hrs | 1 | by Staff reporter
Goats tender Mpofu speaks out
Moses Mpofu, a businessman associated with Blackdeck (Private) Limited, has clarified that his company received US$4.3 million (RTGS1.6 billion) under the controversial Presidential Goats Scheme in 20...Published: 25 Jun 2024 at 13:11hrs | 46 | by Staff reporter
ZSE to list on own bourse
The Zimbabwe Stock Exchange (ZSE) is preparing to self-list on its own platform in the upcoming year, marking a significant milestone in its history. This move, aimed at accessing better risk-adjusted...Published: 22 Jun 2024 at 11:37hrs | 1 | by Staff reporter
Italian tycoon fight for bail
Francesco Marconati, an Italian tycoon based in Zimbabwe, will appear in court this morning for a bail application ruling after spending two nights in jail for failing to complete a mandatory 105-day ...Published: 12 Jun 2024 at 12:50hrs | 4 | by Staff reporter
Warrant of arrest for company director, son
A Harare magistrate has issued an arrest warrant for Francesco Marconati and his son Alessandro for failing to perform court-ordered community service. The two were sentenced to 105 hours of c...Published: 12 Jun 2024 at 06:22hrs | 1 | by Staff reporter
BREAKING:Notorious Mafia Boss Francesco Marconati arrested for Community Service evasion...son on the run
In a dramatic turn of events, notorious self-styled Italian Mafia boss Francesco Marconati has been arrested for failing to conduct the community service mandated by the court. His son, Alessandro ...Published: 10 Jun 2024 at 16:18hrs | 103 | by George Tshuma
EXPOSED: Self-styled Italian mafia's son Alessandro Marconati hires workers to do community service for him
In a scandal sending shockwaves through the community, Alessandro Marconati, son of the notorious self-styled Italian Mafia boss Francesco Marconati, faces serious accusations of dodging his court-man...Published: 07 Jun 2024 at 13:45hrs | 125 | by George Tshuma
Safari operator 'hires' CIOs to intimidate workers
Wilderness Safaris, a prominent safari operator, faces accusations of violating the rights of its employees, with claims of employing suspected State security agents to intimidate workers.Oper...Published: 30 May 2024 at 08:44hrs | 70 | by Staff reporter
The journey of real estate investment trusts in Zimbabwe
In the dynamic and ever-evolving landscape of Zimbabwe's financial markets, real estate investment trusts (REITs) stand as formidable instruments for both capital growth and market participation....Published: 19 May 2024 at 15:39hrs | 26 | by Dr Bekithemba Mpofu
Zimbabwe war vets blame govt as life gets tough
VETERANS of the liberation struggle have decried neglect by the government at a time they are are earning US$120 in monthly pensions despite a deepening socio-economic crisis which has left them vulne...Published: 19 May 2024 at 11:46hrs | 15 | by Staff reporter
French company wants to buy South Africa's MultiChoice for US$1.9 billion
French media group Vivendi's, opens new tab Canal+ made an all-cash mandatory offer on Monday to buy all the shares of South African broadcaster MultiChoice, opens new tab it does not already own for ...Published: 08 Apr 2024 at 11:01hrs | 1 | by Staff reporter
Mnangagwa given five days to reverse decision
Zimbabwe National Students Union (Zinasu) co-leaders Nesbert Munyuki and Valentine Ziko have written to President Emmerson Mnangagwa challenging his appointment of top banker John Mushayavanhu as new ...Published: 07 Apr 2024 at 11:27hrs | 12 | by Staff reporter
RBZ boss appointment challenged in court
PRESIDENT Emmerson Mnangagwa's appointment of veteran bank John Mushayavanhu as the new Reserve Bank of Zimbabwe (RBZ) governor has been challenged by two university students, who allege that it contr...Published: 07 Apr 2024 at 10:33hrs | | by Staff reporter
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