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Econet goes head-to-head with Starlink with new packages
Econet Wireless has launched its SmartBiz broadband data packages, aimed at meeting the connectivity needs of various business sectors, including small and medium-sized enterprises (SMEs), farmers, sc...Published: 11 Sep 2024 at 08:52hrs | 2671 | by Staff reporter
Econet ready for head-on competition with Starlink
The recent launch of Starlink in Zimbabwe has sparked considerable market excitement, prompting Econet Wireless, the nation's largest telecommunications and technology firm, to strategically position ...Published: 11 Sep 2024 at 08:49hrs | 249 | by Staff reporter
Indian business mogul tried to defraud Zimbabwean govt over $100 million
Documents obtained by NewZimbabwe reveal that Ashok Jain, an Indian businessman, attempted to defraud the Zimbabwean government of over US$100 million in a dubious deal. According to these doc...Published: 03 Apr 2024 at 06:07hrs | 4 | by Staff reporter
ZBC, ex-workers fight over apartments
THE Zimbabwe Broadcasting Corporation (ZBC) has given its former employees a 90-day ultimatum to vacate some apartments they have been staying at for decades to pave way for "renovations."The ...Published: 15 Mar 2024 at 07:15hrs | 18 | by Staff reporter
Zimbabwe: African Development Bank approves $25 million trade finance line of credit for Central Africa Building Society
The Board of Directors of the African Development Bank Group (www.AfDB.org/en) has approved a $25 million trade finance line of credit facility to the Central Africa Building Society of Zimbabwe, to b...Published: 20 Dec 2023 at 22:34hrs | 43 | by APO
600 illegal immigrants deported
NEARLY 600 illegal immigrants were arrested and deported to their countries between January and June this year, while 71 are being investigated for forging police clearances and educational qualificat...Published: 06 Aug 2023 at 08:18hrs | 18 | by Staff reporter
Old Mutual deploys US$108 million worth of loans in Zimbabwe
Zimbabwe's largest financial services group, Old Mutual Zimbabwe, has deployed US$108m loans to different sectors of the economy.The deployment was done by the group's banking unit, CABS, CEO ...Published: 08 Apr 2023 at 18:36hrs | 6 | by Staff reporter
Farmers defend raw sugar price increase
Small-scale sugarcane farmers, who supply 45 percent of raw sugar in Zimbabwe, have defended the new price of the commodity after Gold Star suspended production at its refinery in Harare this week cit...Published: 17 Feb 2023 at 04:54hrs | | by Staff reporter
Norsad Capital provides CABS Zimbabwe with a Medium-term Credit facility of USD10 million
Norsad Capital, an impact investor, and private creditor provider, offering tailor-made debt solutions to mid-market growth companies in Sub-Saharan Africa, has provided Central Africa Building Societ...Published: 21 Nov 2022 at 09:51hrs | 9 | by Agencies
Colonialists abandon confrontation with Zimbabwe
CHARMED by President Mnangagwa's open door policy and far reaching economic reforms, more investors will be coming from the European Union (EU) which is prepared to extend loans to the private sector ...Published: 13 Oct 2022 at 05:55hrs | 1 | by Staff reporter
Jet opens 33rd branch in Zimbabwe
MULTICHAIN clothing shop Jet opened its 33rd branch at Avondale Shopping Centre in Harare on Friday.In an interview with Standard Style Jet's MD Peter Mnyama said shoppers are in for an Easter...Published: 17 Apr 2022 at 09:15hrs | 2 | by Staff reporter
Zambezi Gas and Coal Mine shelves plans
ZAMBEZI Gas and Coal Mine has postponed to 2023 its planned underground mining venture at the southern pit in Hwange district, Matabeleland North province.The colliery, which at the moment is ...Published: 29 Dec 2021 at 05:21hrs | 6 | by Staff reporter
'Top bankers assigned to guard Zimbabwe's IMF windfall'
Finance Minister Mthuli Ncube laid out a solid spending plan for the US$961 million recently injected by the International Monetary Fund (iMF), saying the windfall would be guarded by three top banker...Published: 03 Sep 2021 at 07:01hrs | 1 | by Staff reporter
'Banks troop back into Zimbabwe agric funding'
GOVERNMENT has announced a fresh plan to attract banks into funding agricultural production, with draw-downs from the recently released International Monetary Fund Special Drawing Rights (SDRs) being ...Published: 03 Sep 2021 at 06:57hrs | 10 | by Staff reporter
LSZ deregisters 'double-dipping' lawyer
FOUNDER and managing partner of Manokore Attorneys DLA Piper Africa Zimbabwe, Lloyd Manokore, has been deregistered by the Law Society of Zimbabwe (LSZ) for unethical conduct after representing two pa...Published: 29 Mar 2021 at 06:28hrs | 2 | by Staff reporter
Ex-farmers' boss, son freed
Former Zimbabwe Farmers' Development Company (ZFDC) chairperson Edward Raradza and his son, Mathew, who were facing allegations of defrauding the institution of US$494 423 meant for farming implements...Published: 23 Mar 2021 at 10:43hrs | 6 | by Staff reporter
Zimbabwe's endless currency circus and cycle
When it comes to currency management in Zimbabwe there is always déjà vu which is a result of repeated fallible prescriptions. It's a circus where the actors enjoy their never-ending play with the a...Published: 14 Jun 2019 at 11:46hrs | 3 | by Ngonidzaishe Makaha and Adrian Mapiye
Trial date set for former Zanu-PF MP, son in $10m fraud case
A HARARE magistrate has set May 24 as the trial date for former Zanu-PF MP for Muzarabani South and Zimbabwe Farmers' Development Company (ZFDC) chairperson Edward Raradza who is facing charges of def...Published: 30 Apr 2019 at 06:45hrs | | by Staff reporter
Whites score big against blacks - land compensation
Land is and was at the centre of all political developments for the indigenous black Zimbabwean population's pre and post independence movements. The liberation war against white minority rule's black...Published: 23 Apr 2019 at 15:37hrs | | by Terence Simbi
Mthuli Ncube negotiates 'smart' Rand credit facility
Government is structuring a deal with South Africa's Reserve Bank that will see banks in the neighbouring country paying directly to South African suppliers for Zimbabwe private sector's raw material ...Published: 22 Mar 2019 at 06:52hrs | 5 | by Staff reporter
Ramaphosa gives Mnangagwa little cheer
President Cyril Ramaphosa of South Africa yesterday dashed hopes that Pretoria would immediately open its wallet and extend critically-needed financial assistance to cash-strapped Zimbabwe, the Daily ...Published: 13 Mar 2019 at 12:28hrs | | by Staff reporter
SA vows to help Zimbabwe revive economy
President Cyril Ramaphosa said on Tuesday South Africa was ready to help Zimbabwe revive its economy, but within its means, while the two neighbours consider options that could see Harare receiving so...Published: 12 Mar 2019 at 14:13hrs | | by Reuters
Botswana credit line to Zimbabwe unpacked
The $95-million credit line to Zimbabwe is earmarked for the private sector and revival of struggling industries.Although this is a drop in the ocean to what Zimbabwe requires for total recove...Published: 04 Mar 2019 at 07:29hrs | 3 | by DW
Zimbabwe seeks regional alliances
WHILST Zimbabwe is increasingly becoming isolated on the international stage, with the United States of America expected to tighten sanctions against Harare in the coming week, the southern African co...Published: 01 Mar 2019 at 18:42hrs | 1 | by Staff reporter
Billion pula deal for Zimbabwe
Botswana President Mokgweetsi Masisi has confirmed the one billion pula Botswana credit facility that will be chanelled towards Zimbabwe's private sector. Fielding questions from journalists a...Published: 01 Mar 2019 at 18:10hrs | 1 | by Staff reporter
Botswana offers Zimbabwe US$95m loan facility
ZIMBABWE's hopes of securing a $600 million loan facility from Botswana hit a snag as its neighbour could only offer US$95 million during a bi-national commission yesterday.After a week of dip...Published: 01 Mar 2019 at 18:03hrs | 2 | by Staff reporter
Zim-Bots co-operation commendable
The inaugural session of the Zimbabwe-Botswana Bi-National Commission (BNC) Summit which ended yesterday in Harare presents both countries with mutual benefits that are set to improve the lives of cit...Published: 01 Mar 2019 at 14:07hrs | 2 | by Letty Mabhena
Botswana President arrives for meeting with Mnangagwa
The President of Botswana, Mr Mokgweetsi Masisi has arrived in the country for the inaugural Zimbabwe Botswana Bi-National Commission (BNC) with his Zimbabwean counterpart, President Emmerson Mnangagw...Published: 27 Feb 2019 at 18:35hrs | | by Staff reporter
Mnangagwa mortgages Zimbabwe diamonds to Botswana
President Emmerson Mnangagwa's government could be mortgaging the country's diamond deposits to Botswana which has offered the struggling economy a US$600 million bail out package for private sector, ...Published: 26 Feb 2019 at 07:04hrs | 1 | by Staff reporter
Botswana bailout for Zimbabwe
BOTSWANA is extending $600 million in two major facilities to Zimbabwe's private sector and diamond industry that will give relations between the two country a huge lift. Zimbabwe this week ho...Published: 26 Feb 2019 at 06:47hrs | | by Staff reporter
Zimbabwe pesters South Africa for lines of credit
Zimbabwe's government continues to explore avenues of attracting lines of credit from neighbouring South Africa after the continent's most prosperous nation rebuffed an earlier request by Harare for a...Published: 15 Feb 2019 at 08:26hrs | | by Staff reporter
SA finance minister confirms short-term Zimbabwe bail out plan
SOUTH Africa is planning to extend short-term credit to Zimbabwe and also to help it write off its US$7.4-billion external debt, to prevent its neighbour spiralling out of control. Critics say this wi...Published: 21 Jan 2019 at 08:37hrs | | by The Daily Maverick
Magistrate exposed on Mphoko matter?
FORMER Vice President Phelekezela Mphoko's son, Siqokoqela, has been freed from remand prison after successfully challenging the revocation of his bail by a Bulawayo magistrate at the High Court. ...Published: 18 Dec 2018 at 07:15hrs | 2 | by Staff reporter
The West judges Zimbabwe differently
The Western world judges Zimbabwe at a higher standard than it does other African countries, and that's not entirely a bad thing.The temptation is to demand that the European Union (EU) and th...Published: 17 Dec 2018 at 05:40hrs | 1 | by newZWire
Mphoko's son trial postponed
THE trial of former Vice President Phelekezela Mphoko's son, Siqokoqela, has been postponed to January 21 next year.He is being accused of hijacking the Choppies retail business and "looting" ...Published: 14 Dec 2018 at 05:37hrs | | by Staff reporter
Perm Sec in $250 million probe
THE Zimbabwe Anti-Corruption Commission has opened an investigation into how Lands, Agriculture, Water and Climate Permanent Secretary Mr Ringson Chitsiko handled a $250 million contract with an inves...Published: 09 Dec 2018 at 06:46hrs | | by Staff reporter
Mnangagwa govt told to dollarise now
Daily News writer Pauline Hurungudo interviews Steve Hanke, a professor of applied economics at The Johns Hopkins University and senior fellow at the Cato Institute.Over four decades, Hanke ha...Published: 19 Nov 2018 at 15:57hrs | 8 | by Staff reporter
Zimbabwe gets $1 billion bailout?
The African Export Import Bank (Afreximbank) has extended a $1 billion loan to Zimbabwe to guarantee the convertibility value of Real Time Gross Settlement (RTGS) balances into United States dollars a...Published: 02 Nov 2018 at 15:08hrs | 10 | by Staff reporter
Mnangagwa's net closing in on fuel dealers
The net is closing in on fuel dealers who stand accused of abusing their foreign currency allocation from the central bank amid revelations a syndicate of Zambian fuel smugglers was [on Wednesday] nab...Published: 28 Oct 2018 at 21:19hrs | | by Staff reporter
Bulawayo firm drags fuel dealer to court over $17000 debt
A Bulawayo firm, Wagon Distributors (PVT) Limited has been dragged to court by a fuel dealer for a debt amounting to $17 000 owed for fuel supplied.Afric Oil Petroleum summoned Wag...Published: 21 Oct 2018 at 08:52hrs | | by Stephen Jakes
Ex-Zanu PF MP in court over $10m theft
Former Zanu PF MP for Muzarabani South and Zimbabwe Farmers Development Company (ZFDC) chairperson, Edward Raradza appeared at the Harare Magistrates' Courts yesterday facing charges of defrauding the...Published: 17 Oct 2018 at 06:55hrs | | by Staff reporter
Mphokos trial dates set
THE trial dates have been set for former Vice President Phelekezela Mphoko's son, Siqokoqela and his wife, Nomagugu who are facing charges of hijacking Choppies retail business and "looting" more than...Published: 15 Oct 2018 at 06:23hrs | 2 | by Staff reporter
Mangudya borrowing to buy food to stem 'panic-buying' - loans are drying up, then what! PANIC!
I gave President Mnangagwa full marks for successfully rebranding Zanu PF as the "new democratic dispensation" and the country as being open for business. He had me and millions of others out there fo...Published: 08 Oct 2018 at 17:30hrs | 2 | by Nomusa Garikai
Zimbabwe govt takes Meikles to court
GOVERNMENT has taken John Moxon's Meikles Limited (Meikles) to court demanding a $30 million refund after the latter was allegedly overpaid through Treasury Bills issued by the Reserve Bank of Zimbabw...Published: 08 Oct 2018 at 08:10hrs | 1 | by Staff reporter
RBZ moves to stabilise prices
PANIC-buying amid price hikes of basic commodities peaked at the weekend in response to the Reserve Bank of Zimbabwe (RBZ)'s monetary policy statement, which economists argued failed to stem public di...Published: 08 Oct 2018 at 08:02hrs | 1 | by Staff reporter
Over $29m mobilised for Zimbabwe cholera
Government has so far mobilised $29 million out of $64,1 million required to fight cholera, amid indications that the outbreak has been contained with the number of patients visiting health institutio...Published: 20 Sep 2018 at 06:29hrs | 1 | by Staff reporter
Mphoko slowly losing Choppies' battle
Former vice president Phelekezela Mphoko is slowly but surely losing grip on the ownership and control of supermarket chain Choppies Zimbabwe, run by Nanavac Investments.Choppies entered the Z...Published: 05 Sep 2018 at 13:44hrs | 1 | by Staff reporter
Mphoko's son arrested
FORMER Vice President Phelekezela Mphoko's son, Siqokoqela, has been arrested for allegedly hijacking the Choppies retail business and "looting" more than $50 000 worth of cash and goods from the outl...Published: 01 Sep 2018 at 08:56hrs | | by Staff reporter
Mugabe's property attached over debt
Former Zimbabwe National Road Administration (Zinara) boss Albert Mugabe has petitioned the court, seeking an order for stay of execution after his property was attached by the Sheriff of the High Cou...Published: 30 Aug 2018 at 06:22hrs | | by Staff reporter
Zimra board pockets $300,000
Zimbabwe Revenue Authority (Zimra) board members made rich pickings from fees and allowances last year after pocketing a combined $292 582 last year, representing a 9 percent rise from the prior year....Published: 17 Jul 2018 at 14:39hrs | | by Staff reporter
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