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Ecocash loses ZWG 148,7 million in conversion to new currency
Ecocash Holdings Zimbabwe Limited, a leading diversified digital solutions group, has reported a loss of ZWG 148.7 million following the transition to the newly introduced ZWG currency, which was intr...Published: 16 hrs ago | 678 | 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 | 184 | by Staff reporter
NSSA boss in court for fraud
Cosmas Chikwawawa, a research and schemes planning manager at the National Social Security Authority (NSSA), has appeared before the Harare Magistrates Court facing allegations of defrauding his emplo...Published: 20 Nov 2024 at 06:43hrs | 189 | by Staff reporter
Ex-NatPharm manager wins US$1m suit for unfair dismissal
In a landmark ruling, the High Court has ordered the National Pharmaceutical Company of Zimbabwe (NatPharm) to pay its former procurement manager, Raguel Mthombeni, nearly US$1 million for his unfair ...Published: 14 Nov 2024 at 14:32hrs | 404 | by Staff reporter
Chivayo washes hands of Chimombe fraud case
Prominent businessman Wicknell Chivayo has successfully challenged a subpoena requiring him to testify in a high-profile fraud case involving Zanu PF central committee member Mike Chimombe and his bus...Published: 12 Nov 2024 at 10:57hrs | 363 | by Staff reporter
High interest rates choking Zimbabwe currency borrowing
Listed clothing retailer, Edgars Stores Limited, has reported a resilient performance for the half-year period ending July 7, 2024, despite the ongoing economic setbacks and high interest rates that c...Published: 10 Nov 2024 at 11:02hrs | 181 | by Staff reporter
Zinara gets thumbs-up
The Zimbabwe National Roads Administration (Zinara) has received parliamentary approval after effectively addressing concerns raised in the latest report by Auditor-General Rheah Kujinga regarding its...Published: 05 Nov 2024 at 08:23hrs | 221 | by Staff reporter
Chimombe, Mpofu turn knives on Chivayo
Incarcerated businessmen Mike Chimombe and Moses Mpofu have raised concerns about their chances of receiving a fair trial, alleging that their case is rooted in political persecution. The duo is curre...Published: 03 Nov 2024 at 10:21hrs | 2560 | 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
'Chimombe, Mpofu grounded Presidential goat scheme'
A top civil servant has told parliament that government was forced to abort the presidential goat scheme after jailed business partners Mike Chimombe and Moses Mpofu only delivered 6,978 goats from a ...Published: 31 Oct 2024 at 08:38hrs | 2542 | 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 | 702 | 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 | 5806 | 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
CCC activist sues Kazembe over unlawful arrest
Human rights activist Robson Chere has taken legal action against Home Affairs Minister Kazembe Kazembe and Civil Aviation Authority of Zimbabwe (CAAZ) Director General Elijah Chingosho, serving them ...Published: 28 Oct 2024 at 07:07hrs | 350 | by Staff reporter
Gono company loss case continues
A key witness in the ongoing fraud trial involving a Harare couple accused of defrauding former Reserve Bank of Zimbabwe (RBZ) governor Gideon Gono has stated that Gono should be summoned to court to ...Published: 26 Oct 2024 at 12:42hrs | 68 | by Staff reporter
Gono fraud case takes a turn
The ongoing case involving a Harare couple accused of defrauding former Reserve Bank of Zimbabwe governor Gideon Gono took a surprising twist yesterday when a key witness admitted he had no direct evi...Published: 24 Oct 2024 at 08:00hrs | 989 | by Staff reporter
Catholic bishops bid to pay US$188K in ZiG hits a snag
The High Court of Zimbabwe has dismissed the application for a declaratur seeking a stay of execution regarding a US$188,000 payment order against Stella Mundi, an agricultural company owned by the Zi...Published: 22 Oct 2024 at 08:04hrs | 472 | by Staff reporter
Billions 'wiped off' Zimbabwe banks
Bankers in Zimbabwe have attributed a significant downturn in revenues to frequent changes in the country's functional currency, as first-half financial statements revealed a staggering loss of billio...Published: 18 Oct 2024 at 12:28hrs | 1427 | by Staff reporter
Potraz raises red flag over impact of power cuts on telcos
The Postal and Telecommunications Regulatory Authority of Zimbabwe (Potraz) has expressed serious concerns regarding the ongoing power outages that threaten to disrupt the country's telecommunications...Published: 17 Oct 2024 at 08:58hrs | 84 | by Staff reporter
Council approaches Supreme Court over US$2 fraud case
The Chikomba Rural District Council (RDC) is making a renewed effort to appeal to the Supreme Court following two unsuccessful attempts to challenge a Labour Court judgment that cleared its former emp...Published: 12 Oct 2024 at 11:20hrs | 242 | by Staff reporter
Innscor booted out of Profeeds
Innscor Africa Limited has been ordered to divest from Profeeds after the Supreme Court ruled that the merger of Profeeds and National Foods created a near monopoly in the stockfeed industry.S...Published: 10 Oct 2024 at 13:11hrs | 2517 | by Staff reporter
Tshabangu disputes Welshman Ncube's acting presidency
The leadership crisis within the Citizens Coalition for Change (CCC) has intensified, with Sengezo Tshabangu, who claims to be the Interim Secretary General of the party, denying that Professor Welshm...Published: 08 Oct 2024 at 18:45hrs | 1562 | by Staff reporter
Mpilo 'fake doctor's' troubled past resurfaces
The drama surrounding Taurai Prosper Vanhuvaone, also known as Prosper Mpofu, continues to unravel after the 29-year-old was arrested for the second time at Mpilo Central Hospital in Bulawayo on Monda...Published: 04 Oct 2024 at 17:19hrs | 1815 | by Staff reporter
Gono's suspected fraudsters' case latest
Regional Magistrate Stanford Mambanje upheld the State's application to tender a deed of settlement related to a high-profile fraud case involving former Reserve Bank of Zimbabwe governor Gideon Gono'...Published: 04 Oct 2024 at 08:47hrs | 354 | by Staff reporter
Chimombe, Mpofu trial kicks off this Wednesday
Jailed fraud suspects Mike Chimombe and Moses Mpofu claim their constitutional rights have been violated, adding they will raise the complaint with the court as trial starts this Wednesday.The...Published: 01 Oct 2024 at 14:08hrs | 128 | by Staff reporter
Chrome ore concentrates are not minerals, rules Zimbabwe High Court
High Court Justice Siyabona Paul Musithu has issued a landmark ruling that could significantly affect the financial landscape for chrome miners in Zimbabwe. The court has determined that chrome ore co...Published: 20 Sep 2024 at 09:15hrs | 1500 | by Staff reporter
Ruling deferred for Dr Gono's suspected fraudsters
Harare regional magistrate Mr. Stanford Mambanje has postponed his ruling in the fraud case involving Clark Clever Makoni and Beverly Aisha Ndonda Makoni, who are accused of illicitly transferring pro...Published: 19 Sep 2024 at 10:47hrs | 447 | by Staff reporter
Zimra Loses over US$600,000 in fake vehicle import rebate fraud
A massive vehicle import fraud scheme has been uncovered, involving more than 400 fake tax rebate letters issued by a former Zimbabwe Revenue Authority (Zimra) employee, Yvonne Tambudzai Musoni. The f...Published: 16 Sep 2024 at 07:44hrs | 681 | by Staff reporter
Gweru unleashes debt collectors on defaulters
The Gweru City Council has announced that it will employ debt collectors to pursue ratepayers who have defaulted on their payments for more than two months. In a statement released on September 10, th...Published: 12 Sep 2024 at 07:15hrs | 118 | by Staff reporter
CCC participated in 2023 to give Zanu PF legitimacy and perpetuate our suffering for US$1.6m bonanza. Will sellout again 2028!
"Tshabangu smiles all the way to the bank." screamed the Bulawayo 24 headline accompanied by a picture of Senator Sengezo Tshabangu smiling from ear to ear!"Citizens Coalition for Change (CCC)...Published: 08 Sep 2024 at 19:45hrs | 710 | by Wilbert Mukori
Tshabangu smiles all the way to the bank
Citizens Coalition for Change (CCC) interim leader Sengezo Tshabangu stands to benefit financially after the government disbursed over ZWL 22 million to the opposition party as part of the political p...Published: 07 Sep 2024 at 10:09hrs | 249 | by Staff reporter
Reprieve for 39 war vets accused of public violence
The High Court has granted an application for review filed by 39 war veterans who were previously arrested for participating in an illegal gathering intended to promote public violence. Initi...Published: 31 Aug 2024 at 11:07hrs | 62 | by Staff reporter
After ditching the dollar, Zimbabwe now rushing for it at a steeper cost
NEARLY five months after changing its currency to arrest inflation, Zimbabwe is back in familiar territory as the new local unit has started losing ground.The problem seems to be based on how ...Published: 26 Aug 2024 at 08:11hrs | 3922 | by Staff reporter
Mnangagwa must fire Mthuli, Mushayavanhu & Guvamatanga, says Zanu-PF activist
South African-based Zanu-PF supporter Kudzai Mutisi has urged President Emmerson Mnangagwa to remove Minister of Finance, Economic Development and Investment Promotion Mthuli Ncube, the Ministry's per...Published: 22 Aug 2024 at 14:59hrs | 3800 | by Staff reporter
Prophet Java, Mpofu Chimombe in ugly fallout
Self-styled prophet Passion Java has filed fraud charges against Zanu PF-linked businessmen Moses Mpofu and Mike Chimombe over a corrupt Harare City Council tender deal for streetlight rehabilitation....Published: 18 Aug 2024 at 13:58hrs | 8575 | by Staff reporter
CCC youths' violence trial continues
The trial of seven youths from the Citizens Coalition for Change (CCC) accused of assaulting Beitbridge Deputy Mayor Councillor John Manatsa is scheduled to continue on August 20 at the Beitbridge Mag...Published: 16 Aug 2024 at 14:51hrs | 182 | by Staff reporter
Zimbabwe MPs push for stiffer penalties amid explosive AG report
Parliamentarians have reaffirmed their commitment to enforcing laws and imposing stringent penalties for public fund misuse. During a meeting convened by the Zimbabwe Coalition on Debt and Development...Published: 26 Jul 2024 at 08:55hrs | 594 | by Staff reporter
Treasury criticizes AG
Finance Secretary George Guvamatanga has criticized the Auditor General's (AG) report on undelivered motor vehicles, calling it "misdirected" and claiming that the issues it raised were already known ...Published: 23 Jul 2024 at 07:22hrs | 346 | by Staff reporter
Mnangagwa's second republic of corruption and controversy
PRESIDENT Emmerson Mnangagwa's second republic, which he proclaimed when he came into office in November 2017 following a coup that ended long-time ruler Robert Mugabe's nearly four-decade rule, has b...Published: 21 Jul 2024 at 20:59hrs | 944 | by Gary Gerald Mtombeni
'Blacklisting contracted firms that fail to deliver'
Legislators have implored government to identify and blacklist companies that fail to deliver goods and services to government departments despite having won tenders and further accepted upfront payme...Published: 21 Jul 2024 at 13:33hrs | 411 | by Staff reporter
NetOne's going concern status at risk
NetOne Private Limited, a telecommunications company in Zimbabwe, has been identified as technically insolvent and at risk of being unable to sustain its operations, according to a recent report. Rele...Published: 17 Jul 2024 at 06:51hrs | 626 | by Staff reporter
Chimombe, Mpofu bail application dismissed
Harare regional magistrate, Mrs. Marehwanazvo Gofa, denied bail to businessmen Mike Chimombe and Moses Mpofu, who are facing fraud charges for allegedly siphoning US$7 million from the Presidential Go...Published: 16 Jul 2024 at 12:31hrs | 1014 | by Staff reporter
AG report exposes massive looting in Zimbabwe
Government may have lost millions of US dollars in the procurement of vehicles for various ministries, including the police, that were never delivered. Acting auditor general Rea Kujinga's rep...Published: 15 Jul 2024 at 16:36hrs | 294 | by Staff reporter
Zimbabwe's local grappling with poor governance issues
Local authorities in Zimbabwe are grappling with weak corporate governance issues, as highlighted in the 2023 report by Acting Auditor General Mrs. Rhea Kujinga. The report, presented to Parliament la...Published: 15 Jul 2024 at 08:08hrs | 37 | by Staff reporter
Inside Mnangagwa govt's financial rot
A new report by Zimbabwe's acting Auditor-General, Rhea Kujinga, highlights significant financial mismanagement and non-compliance within various government ministries. Seven ministries failed to resp...Published: 13 Jul 2024 at 12:49hrs | 57 | by Staff reporter
Government's ZWL$1 billion debt cripples Zimpapers operations
The country's largest multimedia group, Zimpapers Limited is owed in excess of ZWL$1 billion by government departments and ministries, parliament has been told, a situation that has crippled its opera...Published: 09 Jul 2024 at 06:21hrs | 10 | by Staff reporter
Reserves backing Zimbabwe's ZiG shoot to US$370 million
Prices of goods and services in Zimbabwe are expected to remain stable, thanks to increased cash and mineral reserves backing the new currency, Zimbabwe Gold (ZiG). These reserves have risen from US$2...Published: 07 Jul 2024 at 10:34hrs | 76 | by Staff reporter
Tongaat Hullets slams Zimbabwe's tough fiscal measures
Tongaat Hullets, a listed agriculture and agri-processing firm, has reported on its performance for the period ending March 31, 2024, amidst challenging fiscal measures in Zimbabwe. The compan...Published: 04 Jul 2024 at 10:29hrs | | 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
Boost for ZSE as govt suspends tax on stocks
Government has implemented significant tax reductions and suspensions aimed at revitalizing trading activity on the Zimbabwe Stock Exchange (ZSE). The 40% capital gains tax (CGT) on stocks sol...Published: 02 Jul 2024 at 06:36hrs | 3 | by Staff reporter
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