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RBZ approves FBC acquisition of StanChart
THE Reserve Bank of Zimbabwe (RBZ) has approved FBC Holdings Limited's (FBCHL) purchase of Standard Chartered Bank Zimbabwe Limited (SCBZL), making it one of the biggest banks in the country.A...Published: 15 Nov 2023 at 05:12hrs | 327 | by Staff reporter
Mnangagwa appoints Mutapa Investment Fund board
President Mnangagwa has approved the appointment of a seven member Mutapa Investment Fund board to be chaired by Dr Chipo Mutasa.A recent Statutory Instrument gazetted by President Mnangagwa i...Published: 06 Nov 2023 at 20:54hrs | 526 | by Staff reporter
Access Finance legal fight not good for money transfer trust issues
The dispute between shareholders of Access Finance Group regarding the sale of shares has intensified, with one party favoring arbitration while the other prefers a legal process.According to ...Published: 15 Oct 2023 at 21:49hrs | 232 | 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 | 469 | by Tendai Ruben Mbofana
Lawyer takes Mnangagwa to court
HARARE lawyer and businessman Frederick Nyamande has taken President Emmerson Mnangagwa to court following the promulgation of the controversial Mutapa Investment Fund which he argues allows the head ...Published: 09 Oct 2023 at 13:51hrs | 872 | by Staff reporter
Telling my Access Finance story
FOLLOWING a recent public announcement by Access Finance Group, a local remittance and financial services company, that its chief executive Singathini Raymond Chigogwana is retiring and would be repla...Published: 05 Oct 2023 at 15:07hrs | 391 | by Senziwani Sikhosana
Access Finance shareholders in bitter fall out
Details of a bitter dispute between local financial services firm Access Finance (Pvt) Ltd and its related entities' shareholders have come to light, revealing that the CEO reneged on a deal to sell 1...Published: 25 Sep 2023 at 20:26hrs | 240 | by Staff reporter
Mnangagwa's Mutapa fiasco raises eyebrows
Observers have raised concerns over President Emmerson Mnangagwa's decision to transfer the shareholding of 20 state-owned companies to the renamed Mutapa Investment Fund (MIF) without parliamentary i...Published: 24 Sep 2023 at 09:09hrs | 478 | by Staff reporter
PPC consolidates shareholding in Zimbabwe unit
Cement manufacturer PPC has increased its shareholding in its Zimbabwean unit to 90% by repurchasing shares previously held by various indigenisation parties. The shares were repurchased at a price of...Published: 21 Sep 2023 at 06:16hrs | 176 | by Staff reporter
Zimbabwe's digitisation in 'Stone Age'
GOVERNMENT says Zimbabwe's dream to fully digitalise is so many years behind with only 18 transmitters currently digital compliant.Outgoing Information, Publicity and Broadcasting Services dep...Published: 25 Aug 2023 at 07:54hrs | 518 | by Staff reporter
Mnangagwa's govt to offload 49% POSB stake
GOVERNMENT has put a 29% stake in the People's Own Savings Bank (POSB) for sale as the bank's partial privatisation exercise gets underway.The private placement will be followed by an initial ...Published: 21 Aug 2023 at 06:41hrs | 14 | by Staff reporter
Ex-Zinara boss loses houses, cars
FORMER Zimbabwe National Road Administration (Zinara) chief executive Frank Chitukutuku and his wife Nyasha, have lost their two upmarket houses, a fleet of vehicles and shares in two businesses belie...Published: 26 Jul 2023 at 06:37hrs | 11 | by Staff reporter
Pilot mining starts at Karo platinum project
Tharisa Capital, a South African co-producer of platinum group metal (PGM) and chrome concentrates, says its Karo Mining platinum project in Zimbabwe remains on track, with the first plant concrete po...Published: 18 Jul 2023 at 06:18hrs | 7 | by Staff reporter
Govt tells Poly graduates to create jobs
Higher and Tertiary Education, Innovation, Science and Technology minister, Amon MurwiraHigher and Tertiary Education, Innovation, Science and Technology minister, Amon Murwira has implored st...Published: 17 Jul 2023 at 06:56hrs | 4 | by Staff reporter
Forgery case in false start
THE trial of businessman Michael Shongwe Ndoro, who is facing allegations of forging Zororo Energy Group documents to elbow out his co-director and ex-wife Precious, failed to start yesterday....Published: 14 Jul 2023 at 07:48hrs | 22 | by Staff reporter
Unifreight eyes cross-border business
LISTED transport and logistics firm Unifreight Africa Limited has revealed plans to diversify and de-risk the business by actively pursuing cross-border and contract haulage.The company, which...Published: 12 Jul 2023 at 08:18hrs | | by Staff reporter
Zisco set to start mining operations
THE Zimbabwe Iron and Steel Company (Zisco) intends to start mining limestone and iron ore near Kwekwe by the end of this year as part of the preparatory groundwork to revive the defunct former steel ...Published: 16 Jun 2023 at 09:45hrs | | by Staff reporter
Trevor Ncube finally admits that Mnangagwa's son-in-law owns shares in AMH
ALPHA Media Holdings (AMH) chairperson Trevor Ncube has admitted that President Emmerson Mnangagwa's son-in-law Gerald Mlotshwa owns a stake in the company, and has said his involvement in the Preside...Published: 13 Jun 2023 at 07:08hrs | 12 | by Staff reporter
Jonathan Moyo exposes Zimbabwe media capture?
Zimbabwean former MP and Information minister Jonathan Moyo, a professor of politics, has joined the raging debate involving local publisher Trevor Ncube, chairman of Alpha Media Holdings (AMH), and h...Published: 12 Jun 2023 at 08:25hrs | 7 | by Staff reporter
Great Dyke platinum project well on course
EXPLORATION and feasibility studies are complete at the new platinum mine owned by Great Dyke Investments in Darwendale and production is due to start soon with the mine expected to yield 1,36 million...Published: 12 Jun 2023 at 06:23hrs | | by Staff reporter
Mnangagwa's son in-law is a major shareholder at Trevor Ncube's AMH
The attached video clip below is interesting with important revelations from Trevor Ncube about himself, AMH and Gerald Mlotshwa. Three such revelations stand out:First, while Ncube and AMH ha...Published: 10 Jun 2023 at 18:48hrs | 8 | by Jonathan Moyo
Redwing: a tale of plunder, impunity, chaos and death
Redwing Gold Mine, once touted as a giant gold mining venture capable of transforming the quality of life in the Penhalonga area of Manicaland province and a cash cow for the national economy, has bec...Published: 04 Jun 2023 at 12:12hrs | 18 | by Staff reporter
Ex-Zinara directors acquitted
FORMER Zinara chief executive Frank Chitukutuku and ex-technical director Moses Juma were yesterday acquitted of corruptly awarding a tender to a local company for the rehabilitation of roads in three...Published: 31 May 2023 at 06:58hrs | | by Staff reporter
Chiadzwa community, govt and ZCDC smoke peace pipe
GOVERNMENT and the Zimbabwe Consolidated Diamond Corporation (ZCDC) have backed down from a protracted confrontation with the Chiadzwa community over a contentious proposal to invest US$400 million in...Published: 28 May 2023 at 08:05hrs | 5 | by Staff reporter
Mugabe son in-law's claim a paltry of the mega empire:, says lawyer
The late former president Robert Mugabe son-in-law Simba Mutsahuni Chikore is content to literally walk away from the matrimonial home with a paltry share because all he has claimed is 50 percent of t...Published: 04 May 2023 at 06:08hrs | | by Staff reporter
Mugabe's son in-law lists 21 farms in divorce case
The legal proceedings over the divorce of Bona Nyepudzai Ouma Mugabe, daughter of former President Robert Mugabe, and Simbarashe Mutsahuni Chikore are likely to involve complex disputes over how asset...Published: 03 May 2023 at 06:14hrs | | by Staff reporter
SA chrome tycoon 'pays millions' to Zanu-PF chefs
A FIRM controlled by one of South Africa's richest tycoons suspiciously moved millions of United States dollars to politically connected Zimbabwean companies and powerful individuals, about five years...Published: 29 Apr 2023 at 19:32hrs | 9 | by Staff reporter
Police, ZACC probe 3 PSMAS bosses
Police this week picked up for questioning three Premier Service Medical Aid Society (PSMAS) managers over allegations of fraud, corruption and criminal abuse of office.The three, who are stil...Published: 27 Apr 2023 at 06:23hrs | 11 | by Staff reporter
Corrupt US$400m deal morphs into political fix
The controversial deal to get state-run Zimbabwe Consolidated Diamond Corporation (ZCDC) to acquire a 33% shareholding in Great Dyke Investment (GDI) for US$400 million has taken a political turn, wit...Published: 14 Apr 2023 at 19:46hrs | 2 | by Staff reporter
Businessman demands US$4 million from former partner
TOP banker and marketing specialist, Mr Douglas Mamvura, is demanding payment of US$4 million from his former business partner Mr George Manyere, over a deal involving the sale of shares of an investm...Published: 11 Apr 2023 at 14:30hrs | 25 | by Staff Reporter
Ex-farmers reject Zimbabwe govt deal
Former farm owners have rejected Zimbabwe's compensation proposal of paying in government securities over a 10 –year period amid concerns about the age profile of the supposed beneficiaries....Published: 08 Apr 2023 at 12:42hrs | 2 | by Staff reporter
Zimbabwe's new mines law a welcome game changer, but.....
AFTER years of debates and uncertainty, government finally gazetted the Mines and Minerals Bill in February 2023 to ostensibly replace the current Mines and Minerals Act [Chapter 21:05]. The current A...Published: 04 Apr 2023 at 06:31hrs | | by James Tsabora
Zimbabwe speeding into the territory of charter cities
FINALLY, Al Jazeera aired the first of the four-part series documentary Gold Mafia. Social media went into overdrive, with many people condemning the attitude and character of some of those implicated...Published: 25 Mar 2023 at 08:19hrs | 3 | by Paidamoyo Muzulu
'Mugabe did not actively push for his family's primitive accumulation of wealth'
THE late president Robert Mugabe stopped his son-in-law Simba Chikore and daughter Bona from joining the scramble to take over the country's third-largest mobile network operator, Telecel Zimbabwe....Published: 13 Mar 2023 at 08:13hrs | | by Staff reporter
City Parking gives grace period, steep fine remains
CITY Parking of Harare yesterday moved to end the uproar over its clamping penalties with a 60 minute grace period before vehicles were clamped if the driver had not bought enough parking time and a 3...Published: 11 Mar 2023 at 06:34hrs | 1 | by Staff reporter
Seed Co boss, mistress deny fraud charge
THE trial of Seed Co board chair Michael Ndoro and his alleged girlfriend Tunika Mkahanana on fraud charges kicked off yesterday with both pleading not guilty.Ndoro is accused of fraudulently ...Published: 10 Mar 2023 at 05:20hrs | 4 | by Staff reporter
Parly shielding govt from legislative scrutiny, says Chamisa's MP
HATCLIFFE legislator Allan Markham says Parliament is protecting cabinet and the President from answering crucial questions, after Treasury for the fourth time failed to answer questions on the shareh...Published: 05 Mar 2023 at 13:58hrs | 1 | by Staff reporter
Kazembe Kazembe drawn into forex scandal
Home Affairs minister Kazembe Kazembe and police commissioner General Godwin Matanga have been dragged to court for refusing to arrest a Chinese national who used to supply leather products to the arm...Published: 05 Mar 2023 at 06:23hrs | 1 | by Staff reporter
ZCDC CEO suspension opens can of worms
THE Zimbabwe Consolidated Diamond Company (ZCDC) chief executive officer (CEO) Mark Mabhudhu was suspended on Monday for reportedly stalling the corrupt purchase of Kuvimba Mining House (KMH)'s 33% sh...Published: 01 Mar 2023 at 19:34hrs | 13 | by Staff reporter
Judge dresses down businessman for approaching his court 'with dirty hands'
High Court judge Jacob Manzunzu has taken a swipe at businessman Ofer Sivan for approaching his court "with dirty hands" in a case in which the latter is involved in a row with partners over sharehold...Published: 26 Feb 2023 at 09:13hrs | | by Staff reporter
Mnangagwa asked to intervene in mine row
THE Ministry of Industry and Commerce has requested President Emmerson Mnangagwa to intervene in a mining wrangle between Chemplex Corporation and a former executive with the Industrial Development Co...Published: 25 Feb 2023 at 07:09hrs | 6 | by Staff reporter
Turkish firm makes headway in NRZ deal
THE National Railways of Zimbabwe (NRZ) says Turkish investor Yapi Merkezi, which plans to recapitalise and modernise its railway system, has completed a feasibility study on the project.In 20...Published: 19 Feb 2023 at 17:35hrs | 5 | by Staff reporter
Waverley Blankets ownership wrangle: trial begins under private prosecution
The trial of Aron Vico for fraudulently taking over Waverley Blankets, a company owned by the late prominent industrialist, Victor Cohenm has begun under private prosecution.Vico appeared in c...Published: 05 Feb 2023 at 23:35hrs | 6 | by Simbarashe Sithole
Huge oil, gas deposits confirmed in Muzarabani
Large natural gas and oil reserves have now been confirmed in north-east Zimbabwe, although technical glitches meant Australian firm Invictus could not extract a fluid sample to fulfil regulatory requ...Published: 26 Jan 2023 at 07:30hrs | | by Staff reporter
NewsDay editor resigns after Mnangagwa spokesman claims he is on payroll
A seemingly innocuous Twitter post by George Charamba, the president's spokesman, has ousted NewsDay editor Wisdom Mdzungairi.Mdzungairi, who doubled up as editor in chief of Alpha Media Holdi...Published: 17 Jan 2023 at 14:04hrs | 6 | by Staff reporter
Zimbabwe military gets permit to export raw lithium
EMBATTLED state arms manufacturer, the Zimbabwe Defence Industries (ZDI) has been controversially granted a special permit to export raw lithium by the government, a decision expected to inject life i...Published: 14 Jan 2023 at 16:28hrs | 7 | by Staff reporter
Girlfriend locks lover's wife out of her own business
A 55-year old Harare woman Monday dragged her ex-husband's mistress to court on allegations of forging documents to remove her as the director of her own company.The suspect, Tunika Phaenah Mk...Published: 14 Dec 2022 at 06:45hrs | 9 | by Staff reporter
Zimbabwe police move to raid Tetrad Bank directors
THE Criminal Investigation Department (CID) Asset Forfeiture Unit has obtained a warrant of search and seizure against Tetrad Investment Bank (TIB) management and directors in a case of fraud and mone...Published: 09 Dec 2022 at 17:53hrs | | by Staff reporter
Zimplats in a fix over US$100m deal
Giant mining conglomerate, Zimplats (Private) Limited could cough out over US$100 million to the community in Chegutu, Mhondoro-Ngezi and Zvimba after it allegedly reneged on its 2011 commitment to al...Published: 03 Dec 2022 at 09:10hrs | | by Staff reporter
Zimbabwe govt rejigs US$3.5bn compensation to farmers
ZIMBABWE'S cash-strapped Treasury has proposed a staggered payout plan to settle the US$3.5 billion compensation to white ex-commercial farmers who lost vast tracts of land when the government embarke...Published: 29 Nov 2022 at 18:00hrs | 5 | by Staff reporter
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