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Mnangagwa ruined Zanu-PF business empire
THE predictable appointment of FBC Holdings chief executive John Mushayavanhu as the incoming Reserve Bank of Zimbabwe (RBZ) governor has completed President Emmerson Mnangagwa's critical post-electio...Published: 12 Dec 2023 at 18:00hrs | 32 | by Staff reporter
Sanctions choking Zimbabwe: Myth or reality?
"African politics is dogged by crises of legitimacy, monetised politics and corruption, personalised leadership, and lastly the sit-tight syndrome" notes the African Exponent. During an electoral seas...Published: 14 Jan 2023 at 16:33hrs | 1 | by Zvikomborero Sibanda
Mnangagwa's second Republic full of promises but no action
ALL the good things the nation wants is what President Emmerson Mnangagwa says and promises: Growing economy; zero tolerance to corruption; openness for business; a listening President; involvement of...Published: 24 Oct 2022 at 06:14hrs | 1 | by Concerned
Illicit dealings cost Zimbabwe $2bn annually
Zimbabwe Anti-Corruption Commission (Zacc) chairperson Justice Loice Matanda-Moyo has said the country is losing about $2 billion annually through illicit dealings with the private sector being the ma...Published: 15 Oct 2021 at 06:16hrs | 3 | by Staff reporter
PG guns for forex looters
MORE than 1 800 individuals and corporates who were linked to externalising nearly US$1 billion by contravening exchange control regulations will soon be hauled before the courts.Prosecutor-Ge...Published: 23 May 2021 at 07:23hrs | | by Staff reporter
Chinamasa warns opposition
ZANU-PF says political parties that are shunning President Emmerson Mnangagwa's dialogue overtures and preferring violent confrontations will be dealt with by the law.This comes as MDC Allianc...Published: 21 Nov 2020 at 22:17hrs | 5 | by Staff reporter
The future of Zimbabwe's economic growth through proper collection of taxation and diaspora taxation
Zimbabwe is a country that is coming out of three decades of of economical abyss The Zimbabwean economic challenges are many and addressing them will not happen overnight. Security situation has...Published: 01 Jul 2019 at 18:50hrs | 2 | by Dr Masimba Mavaza
Zimbabwe loses US$40m through policy cover externalisation
Zimbabwean insurers and reinsurers should strengthen their capital positions in real terms to reduce cover policy externalisation which has cost the country an estimated US$40 million in 2018 alone in...Published: 30 Jun 2019 at 09:07hrs | 1 | by Staff reporter
Mnangagwa's govt threatens to name, shame forex sharks
Government has threatened to name and shame alleged brains behind Zimbabwe's verdant parallel market which it says was fuelling the spike in the prices for basic goods and services.Information...Published: 30 May 2019 at 10:55hrs | | by Staff reporter
Mugabe forced to submit list of properties he acquired outside Zimbabwe
Former President Robert Mugabe has found himself on a list of individuals suspected to have externalised billions in recent years and forced to submit a list of properties he acquired outside the coun...Published: 18 Oct 2018 at 07:31hrs | 10 | by Staff reporter
Money Laundering Bill to stem externalisation
Two important draft pieces of legislation were gazetted last week, paving the way for their introduction in Parliament.They are the Companies and Other Business Entities Bill, and the Money La...Published: 05 Oct 2018 at 06:50hrs | 1 | by John Makamure
Woman externalises $6m to Botswana
A BULAWAYO businesswoman, who had been on the police wanted list for allegedly externalising more than $6 million to Botswana, appeared in court yesterday. Delny Deanna Ashley Davies (41) of M...Published: 28 Sep 2018 at 07:03hrs | 1 | by Staff reporter
$4m, 98kg gold haul probe still on
Police have intensified investigations into a case in which they raided a Harare company following a tip-off last Thursday and recovered US$4 million in cash and 98 kilogrammes of gold stashed in suit...Published: 10 Jul 2018 at 07:13hrs | 1 | by Staff reporter
5 arrested in $4 million, 98kg gold haul
POLICE raided a Harare house following a tip-off on Thursday and recovered US$4 million in cash and 98 kilogrammes of gold stashed in suitcases. National police spokesman Chief Superintendent ...Published: 07 Jul 2018 at 08:58hrs | | by Staff reporter
When will ideas prevail over emotions?
We have just entered July - the month of elections. It is an election that is pregnant with expectations, hopes and despair. The race is between two highly polarising front-runners.They are po...Published: 02 Jul 2018 at 08:05hrs | | by Tapiwa Gomo
'Phidza' defies Govt on externalisation
In an act of defiance against President Emmerson Mnangagwa's call for easy of doing business by embracing plastic money, prominent businessman, Philip 'Phidza' Mapfumo does not accept EcoCash or swipe...Published: 02 Jun 2018 at 20:43hrs | 4 | by Staff reporter
5 key economic policy matters that will trigger economic stability & growth in Zimbabwe
Over and above the need for political stability and sound macroeconomic management policies, business confidence is the single biggest determinant of economic growth in any country. Economics is a soc...Published: 01 Jun 2018 at 11:45hrs | | by Martin Majaji
More externalised funds coming
RESERVE Bank of Zimbabwe (RBZ) Governor Dr John Mangudya says more individuals and companies continue to heed Government's call to repatriate funds salted away in prior years.The RBZ is next w...Published: 27 May 2018 at 10:06hrs | | by Staff reporter
Makamba going into self-imposed exile once again?
It never rains but it pours for businessman, James Makamba.Less than five months following his return to his motherland, analysts fear that Makamba could be contemplating going into self-impos...Published: 06 May 2018 at 12:14hrs | 3 | by Staff reporter
Elias Musakwa wins primaries
Musician-cum-politician, Elias Musakwa‚ named in a list released by President Emmerson Mnangagwa of people who illegally externalised funds, was elected as the Zanu-PF nominee for a Bikita West Nati...Published: 05 May 2018 at 14:20hrs | 9 | by Staff reporter
Mnangagwa's short-lived glory!
President Emmerson Dambudzo Mnangagwa (EDM) remains as a most accomplished game-changer history-maker who cheated the local witches in his mother's womb and beyond! The colonial gallows at youth for h...Published: 05 Apr 2018 at 07:01hrs | 1 | by Evangelist Reginald Thabani Gola
Panic as net closes in on forex abusers
Despite feigning bravado in public, companies fingered in the externalisation of foreign currency and other assets are making a beeline for the Reserve Bank of Zimbabwe (RBZ) to negotiate relaxed dead...Published: 04 Apr 2018 at 12:41hrs | 3 | by Staff reporter
Chinese looters off the hook
Government has said taking action against Chinese looters will be tantamount to being xenophobic, as other foreign nationals and locals had also spirited cash out of the country.Chinese indivi...Published: 03 Apr 2018 at 09:07hrs | 1 | by Staff reporter
Banks admit bungling
Banks have admitted to bungling by delaying to acquit CD1 forms on behalf of their clients to the Reserve Bank of Zimbabwe, a situation that has seen some companies being implicated of externalising f...Published: 02 Apr 2018 at 07:13hrs | | by Staff reporter
Mnangagwa's looters list backfires
President Emmerson Mnangagwa's decision to name and shame companies alleged to have externalised funds and assets has turned into a nightmare for local companies that are being snubbed by potential su...Published: 31 Mar 2018 at 10:59hrs | | by Staff reporter
China to announce new package for Zimbabwe
China is expected to announce a new package of assistance to Zimbabwe in a few days time and Afreximbank is expected to announce measures to help ease the liquidity crisis in Zimbabwe.Addressi...Published: 30 Mar 2018 at 17:31hrs | | by Staff reporter
Business tackles Mnangagwa over forex list
Several companies that were last week named as having externalised foreign currency have approached government challenging the list which has strained the relationship between authorities and business...Published: 27 Mar 2018 at 10:13hrs | 1 | by Staff reporter
'Mnangagwa protecting looters'
Zimbabwe's main opposition leader has accused President Emmerson Mnangagwa of having "uneasy links" with several companies that have externalised funds, says a report.During his campaign rally...Published: 27 Mar 2018 at 09:39hrs | | by Staff reporter
Chinese rubbishes Mnangagwa's forex list
Chinese businesspeople have described the government's list of businesses that allegedly externalised foreign currency as flawed after many of them were named.On Monday, President Emmerson Mna...Published: 25 Mar 2018 at 09:05hrs | 1 | by Staff reporter
China tightens purse strings on Zimbabwe deal
AHEAD of President Emmerson Mnangagwa's high-profile visit to China at the beginning of next month, it has emerged government's proposal to securitise minerals in a bid to secure US$1,5 billion fundin...Published: 24 Mar 2018 at 19:45hrs | | by Staff reporter
Companies dismiss externalisation claims
SOME companies making the top 10 list of firms and individuals accused by President Emmerson Mnangagwa of externalising US$1,3 billion have dismissed the allegations, while others say government publi...Published: 24 Mar 2018 at 19:44hrs | 1 | by Staff reporter
Mnangagwa 'regime change' pushes opposition into panic mode
President Mnangagwa this week knocked out another pillar off the opposition's irksome electoral demands.This comes after a multiple head cracker when ED announced at his inauguration address t...Published: 24 Mar 2018 at 10:05hrs | 4 | by RADAR
Corrupt bigwigs face prosecution
GOVERNMENT will soon prosecute more than 400 corrupt individuals within the system, including some who believe they have immunity, a cabinet minister has said.Addressing students during a gues...Published: 24 Mar 2018 at 06:56hrs | 1 | by Staff Reporter
Externalisation: Mnangagwa gropes in the dark
GOVERNMENT will find it difficult to prosecute corporates and individuals it accuses of illegal externalisation of money as questions arise over the legal framework and the prosecutability of the offe...Published: 23 Mar 2018 at 12:25hrs | 3 | by Staff reporter
Forex 'looter' blames client, goes to court
A HARARE trader whose name was listed among people who looted and externalised foreign currency has filed an urgent chamber application at the High Court seeking to block his arrest and prosecution....Published: 23 Mar 2018 at 05:52hrs | | by Staff reporter
D-day for Externalisers
"As we focus on recovering out economy, we must shed misbehaviours and acts of indiscipline which have characterised the past. Acts of corruption must stop forthwith." These are President Emmerson Mna...Published: 22 Mar 2018 at 13:59hrs | 3 | by Prosperity Mzila
Big companies turned down Mnangagwa amnesty
The Zimbabwean government accused auditing firm Ernst and Young, Unilever South East Africa and Boc Gases Zimbabwe of externalising $35000 (R418070), $315000 and $55000 respectively.The compan...Published: 22 Mar 2018 at 09:20hrs | | by Business Report
Mugabe admits to externalising funds, but not on Mnangagwa's list
FORMER President Mr Robert Mugabe and his family have admitted to externalising funds after buying two properties in South Africa and Hong Kong during his reign.The admission, which was made b...Published: 22 Mar 2018 at 06:10hrs | 3 | by Staff reporter
Mnangagwa's acid test
THE Democratic Opposition Party (DOP) has said President Emmerson Mnangagwa's "Zimbabwe is open for business" mantra will come unstuck as long as cash shortages persist.DOP leader Harry Wilson...Published: 21 Mar 2018 at 06:03hrs | | by Staff reporter
Mnangagwa's 'looters' pushed into defence corner
PRESIDENT Emmerson Mnangagwa on Monday released a list of business entities and individuals alleged to have "externalised funds" and may have inadvertently given the foreigners on that list a plausibl...Published: 21 Mar 2018 at 05:52hrs | | by Staff reporter
Calls to prosecute 'externalisation' culprits
INDIVIDUALS and corporates who failed to repatriate externalised funds amounting to $826.5 million should be brought to book in accordance with the dictates of the law, economists said yesterday....Published: 21 Mar 2018 at 05:32hrs | 1 | by Staff reporter
Business cries foul over Mnangagwa's 'looters' list
BUSINESS organisations yesterday expressed displeasure over the inclusion of some of their members on the list of foreign currency externalisers.On Monday, President Emmerson Mnangagwa named a...Published: 21 Mar 2018 at 05:31hrs | 3 | by Staff reporter
Government must come clean on who externalised funds
President Mnangagwa promised to name and shame individuals who externalized funds. But the list unveiled today the 19th March is disappointing. Conspicuous by their absence are Zanu PF big wigs ...Published: 20 Mar 2018 at 20:29hrs | | by Dr. Tapiwa Mashakada
Mnangagwa's name-and-shame gimmick falls short of expectations
President Emmerson Mnangagwa's government yesterday released the long-awaited list of companies and individuals alleged to have failed to return $827 million stashed abroad following the expiry of a 1...Published: 20 Mar 2018 at 12:55hrs | 3 | by Staff reporter
Biti dismisses Mnangagwa's 'Mickey Mouse list'
Former Finance Minister and Harare lawyer Mr Tendai Biti has called President Emmerson's Mnangagwa's of companies and individuals who externalised funds and have not heeded the Mnangagwa's call ...Published: 19 Mar 2018 at 17:01hrs | 2 | by Staff reporter
Mnangagwa threatens to prosecute forex culprits
President Emmerson Mnangagwa on Monday named hundreds of mines, Chinese businesses and individuals who had illegally transferred foreign currency abroad during Robert Mugabe's rule and warned they wou...Published: 19 Mar 2018 at 15:10hrs | | by AFP
Musakwa externalised $9 million according to Mnangagwa list
FORGOTTEN gospel musician and Zanu-PF activist, Elias Musakwa, has been named in the list of companies and individuals who externalised funds and have not heeded President Emmerson Mnangagwa's call to...Published: 19 Mar 2018 at 11:22hrs | 2 | by Staff reporter
Grace Mugabe not on the 'looters list'
The government, and true to President Emmerson Mnangagwa's promise, has released a list of companies and individuals who externalised funds and have not heeded the President's call to returns the fund...Published: 19 Mar 2018 at 10:22hrs | | by Staff reporter
Mnangagwa to name looters today
PRESIDENT Emmerson Mnangagwa is today expected to publish the names of individuals and corporates who externalised funds and assets, three days after a top cleric said authorities must start punishing...Published: 19 Mar 2018 at 06:09hrs | | by Staff reporter
Why Mnangagwa haven't met Mugabe
The dispute between President Emmerson Mnangagwa and his predecessor Robert Mugabe has dominated the headlines since the 94-year-old celebrated his birthday last month.The new Zanu-PF leader h...Published: 18 Mar 2018 at 09:04hrs | 1 | by Bernard Mpofu
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