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Bard Santner sponsors Zimbabwean special Olympians
Leading financial advisory firm Bard Santner has extended its corporate social responsibility (CSR) footprint by sponsoring three Zimbabwean golfers with intellectual disabilities who are competing in...Published: 21 Jun 2025 at 11:24hrs | 118 | by Staff reporter
Bulawayo dam deal will leave ratepayers drowning in bills
A $126 million plan to construct the Glass Block Dam in the Umzingwane catchment area could finally provide relief for Bulawayo's persistent water shortages. However, the project's private financing m...Published: 21 Jun 2025 at 09:49hrs | 342 | by Staff reporter
Bushiri and his wife ordered to be extradited to SA
The Chief Resident Magistrate Court in Malawi has ordered that self-proclaimed prophet, Shepherd Bushiri and his wife, Mary Bushiri, be extradited to South Africa.Minister of Justice and Const...Published: 12 Mar 2025 at 16:45hrs | 6276 | by Staff reporter
Gweru City Council under investigation for mismanagement
Local Government and Public Works Minister Daniel Garwe has appointed an investigation team to probe allegations of abuse of office and mismanagement by Gweru City Council management and councillors....Published: 01 Mar 2025 at 09:00hrs | 127 | by Staff reporter
Corporate Raiding Plot Unraveling: Nssa and RTG Directors Meet to Tackle Manipulation of Share Prices and Takeover Attempt
NATIONAL Social Security Authority (Nssa) and Rainbow Tourism Group (RTG) directors and management executives are set to meet today to deal with the plot to take over the tourism and hospitality giant...Published: 25 Feb 2025 at 13:16hrs | 364 | by NewsHawks
Crisis meeting over RTG alleged takeover plot
Directors and senior executives from the National Social Security Authority (NSSA) and Rainbow Tourism Group (RTG) are set to meet today in an urgent bid to address a suspected plot to manipulate the ...Published: 24 Feb 2025 at 09:25hrs | 1668 | by Staff reporter
NSSA chairman embroiled in underhand Rainbow Tourism Group takeover bid
NATIONAL Social Security Authority (Nssa) chairman Emmanuel Fundira, who is former chairman of African Sun Limited, and an ex-Rainbow Tourism Group (RTG) senior executive Paula January are accused of ...Published: 18 Feb 2025 at 20:01hrs | 1549 | by NewsHawks
Bulawayo raises over US$21 million for Glassblock dam construction
Bulawayo City Council has successfully raised over US$21 million toward the construction of the Glassblock Bopoma Dam, a critical infrastructure project aimed at addressing the city's water crisis and...Published: 08 Dec 2024 at 10:09hrs | 2674 | 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 | 51 | by Dr Bekithemba Mpofu
Private sector against third party insurance takeover
THE government's decision to take over the running of third-party insurance will crowd out the private sector and result in bureaucratic inefficiencies around claims processing, which will destroy eco...Published: 07 Apr 2024 at 10:21hrs | 5 | by Staff reporter
Business Scaling: When is the right time?
Business scaling refers to expanding a business in a sustainable and manageable way. Unlike simple business growth, which can be unplanned or organic, it's a deliberate and strategic effort to increas...Published: 16 Feb 2024 at 09:34hrs | 26 | by Staff Reporter
Zimbabwe arrears clearance, debt resolution talks resume
THE next round of high-level talks on Zimbabwe's arrears clearance and debt resolution process will be held next month, marking yet another pivotal moment in the country's quest to clear its internati...Published: 21 Jan 2024 at 07:27hrs | 3 | by Staff reporter
UK-based Zimbabwean found guilty of murdering homeless barrister in UK
A Zimbabwean man is facing life behind bars for the horrific killing of a disabled barrister who was living rough on Canterbury's streets.Sobantu Sibanda, the son of a university lecturer and ...Published: 20 Nov 2023 at 22:34hrs | 7 | by Staff reporter
Tsholotsho RDC upbeat after getting town status
Tsholotsho Rural District Council (RDC) officials are upbeat following the decision by the government to award the centre township status.Tsholotsho RDC acting chief executive officer Lo...Published: 03 Jul 2023 at 07:14hrs | 2 | by Staff reporter
Masiyiwa named among only 17 black billionaires in the world
ACCORDING to Forbes, there are currently 2,640 billionaires in the world. They are collectively worth $12.2 trillion. The United States is the number one home of billionaires with 735 of them, followe...Published: 05 Jun 2023 at 06:59hrs | 6 | by Staff reporter
Zimbabwe to woo capital markets investors in London
ZIMBABWEAN government officials and corporate leaders are gearing for a major capital markets conference in London, United Kingdom, during the last week of next month to mobilise private capital to fi...Published: 08 Mar 2023 at 05:27hrs | | by Staff reporter
Zimbabwe can be a financial hub
MAURITIUS Finance chief operating officer Vinod K. Bussawah, who is also chairperson of Harare-based financial advisory firm Bard Santner Markets Inc, says Zimbabwe can become a regional financial hub...Published: 23 Oct 2022 at 17:21hrs | | by Staff reporter
Shareholders fight directors over Tetrad Bank control and assets
TETRAD Investment Bank (TIB) shareholders are locked in a heated row with its directors for the control of the defunct financial institution's US$13 million assets. TIB has properties and othe...Published: 12 Oct 2022 at 18:49hrs | 6 | by Agencies
BCC councillors shoot down Belarus fire tender deal
BULAWAYO City Council (BCC) councillors have shot down government's directive that BCC should procure fire tender vehicles from Belarus.A latest council report indicates that town clerk Christ...Published: 09 Aug 2022 at 08:22hrs | | by Staff reporter
Mnangagwa's govt to mortgage platinum royalties to pay off farmers
ZIMBABWE will mortgage platinum mining royalties to pay US$3.5 billion in compensation to white farmers whose land was expropriated by the government, moving a step closer to resolving Robert Mugabe's...Published: 07 Aug 2022 at 18:50hrs | 2 | by Staff reporter
Chidawu burial date set
National hero and Minister of State for Harare Provincial Affairs and Devolution Engineer Oliver Chidawu, who collapsed and died at his home in Harare on Tuesday, will be buried on Monday next week at...Published: 22 Jul 2022 at 06:39hrs | 2 | by Staff reporter
Zimbabweans clinch US$113 million property deal in Namibia
ZIMBABWEAN investors, including pension funds, are working on plans to take over a US$113 million (N$1,8 billion) property, The Grove Mall of Namibia, in Windhoek.The deal, which is at an adva...Published: 18 Jun 2022 at 07:27hrs | 3 | by Staff reporter
Murambinda gets town status
THE popular growth point Murambinda – located in Buhera district – has been proclaimed a town.Local government minister July Moyo announced the development in a notice seen by NewZimbabwe....Published: 14 Apr 2022 at 06:42hrs | 10 | by Staff reporter
Failure to compensate white farmers will result in Zimbabwe debt ballooning; IMF warns
ZIIMBABWE's failure to compensate white former farmers as per agreement will result in the country's public debt bulging, the International Monetary Fund (IMF) has warned.The Bretton woods ins...Published: 11 Apr 2022 at 07:56hrs | 4 | by Staff reporter
Zimbabwe debt burden to worsen, claims IMF
THE International Monetary Fund (IMF) has warned that Zimbabwe's debt burden will worsen considerably due to the country's inability to compensate its displaced white former farmers, and the Reserve B...Published: 11 Apr 2022 at 06:34hrs | | by Staff reporter
Over 400 workers lose jobs to bank digitisation
AT least 321 bank workers were retrenched between 2020 and 2021 while a further 119 are set to be laid off this year as the sector embraces digital transformation, amid calls to retrain staff to take ...Published: 11 Feb 2022 at 16:46hrs | 2 | by Staff reporter
Cattle investment vehicle launched
WITH advancements in digital currencies, one would naturally expect Zimbabwe's financial system and or capital markets to be seized with understanding and regulating crypto currencies.But the ...Published: 12 Dec 2021 at 20:14hrs | 16 | by Staff reporter
Zimbabwe to borrow $147 billion in 2022
Finance and Economic Development Minister, Professor Mthuli Ncube, says the Treasury will borrow $146,8 billion using Treasury Bills (TBs) and Treasury Bonds in 2022 to finance key Government projects...Published: 01 Dec 2021 at 05:34hrs | 9 | by Staff reporter
Mnangagwa govt to borrow US$1,4bn
GOVERNMENT has announced a plan to borrow ZW$146,8 billion (about US$1,4 billion) in 2022 to fund various infrastructure development projects.This debt would add to the existing stock of US$13...Published: 26 Nov 2021 at 19:42hrs | 24 | by Staff Rporter
Work on Beitbridge - Bulawayo highway begins
Preparatory works on traffic surveys along the Beitbridge-Bulawayo-Victoria Falls Highway as part of a feasibility study for the rehabilitation and upgrading of the expressway have begun. ...Published: 15 Oct 2021 at 06:20hrs | 12 | by Staff reporter
Zimbabwe makes token payments to clear foreign debt
ZIMBABWE has started making token payments to service the country's foreign debt with the Treasury channelling about US$17 million in the first quarter of 2021 towards clearing the arrears owed to dif...Published: 30 Jul 2021 at 07:26hrs | 9 | by Staff reporter
Global Compensation Fund mobilised …despite COVID-19 threatening the process
Government has managed to mobilise funds to pay the former white farm owners (FFOs) as agreed under the Global Compensation Agreement (GCA), despite COVID-19 pandemic slowing down the process....Published: 22 Jul 2021 at 16:04hrs | 1 | by Business Reporter
UK firm to help raise US$3,5bn for Zimbabwe's white ex-farmers
THE Government has engaged a British financial advisory firm to assist in raising the US$3,5 billion needed to pay former farm owners whose land was compulsorily acquired for resettlement as agreed be...Published: 21 Jul 2021 at 07:46hrs | | by Staff reporter
Mnangagwa's fresh headache
Cash-strapped government is struggling to raise US$1.75bn to compensate former commercial white farmers who lost their farms under the land reform programme amid revelations a bid to raise funding fro...Published: 25 Feb 2021 at 16:20hrs | 16 | by Staff reporter
Share swap exposes Tagwirei's vast web
A transaction in which the National Social Security Authority (NSSA) disposed of its 37,79% ZB Financial Holdings (ZBFH) shareholding was a swap deal that saw the authority clinching CBZ shares worth ...Published: 04 Dec 2020 at 07:27hrs | 18 | by Staff reporter
Zimbabwe engages financial advisors for US$3,5bn farmer compensation
THE Government is seeking international financial advisors to assist in raising US$3,5 billion the country requires under the Global Compensation Deed to pay former farm owners.The former farm...Published: 04 Oct 2020 at 10:01hrs | | by Staff reporter
After TSP, diaspora engagement critical, says Mthuli Ncube
AS government winds up the Transitional Stabilisation Programme (TSP) amid a plethora of challenges it faces in turning around the economy, the Zimbabwe Independent (ZI) caught up with Finance ministe...Published: 02 Oct 2020 at 07:43hrs | 11 | by Staff reporter
London firm eyes US$200m lithium deal in Zimbabwe
LONDON domiciled global financial advisory firm Wimmer Financial, has revealed it has its sights set on financing US$200 million towards a lithium mine in Zimbabwe.The company wants to take ad...Published: 23 Jun 2019 at 21:11hrs | | by Staff reporter
Weak pound will fall further if Boris Johnson is PM
Expect Boris Johnson, the person most likely to be the next UK Prime Minister, to drive down the pound even further should he win the leadership contest.This is the stark warning from Nigel Gr...Published: 06 Jun 2019 at 12:56hrs | | by Agencies
ZITF consults on hotel construction
THE Zimbabwe International Trade Fair (ZITF) Company is in consultation with the Procurement Regulatory Authority of Zimbabwe (PRAZ) as it moves to ensure it complies with the country's procurement po...Published: 14 Apr 2019 at 10:04hrs | | by Staff reporter
WMI engages top car makers
WILLOWVALE Motor Industries is in negotiations with leading world car manufacturers with a view of assembling their brands locally, a senior official said yesterday. General manager for Indust...Published: 08 Mar 2019 at 06:36hrs | 5 | by Staff reporter
Kasukuwere applies for exception
Former Cabinet Minister Saviour Kasukuwere, who is facing four counts of alleged abuse of office, yesterday made an application for exception on all the charges as he believes that he did not act crim...Published: 22 Nov 2018 at 05:41hrs | 3 | by Staff reporter
Yes, I bought a €4m Bugatti - Buyanga
Gift Phiri of the Daily News sits down for a wide-ranging interview with 39-year-old businessman Frank Buyanga. Find below excerpts of the interview.Q: I understand you commenced your entrepre...Published: 07 Oct 2018 at 19:36hrs | 5 | by Staff reporter
Acting PG told he will end up like Johannes Tomana and Goba
Acting Prosecutor-General (PG) Kumbirai Hodzi met his match in the magistrates' court on Tuesday when a top Harare lawyer representing former Local Government minister Saviour Kasukuwere warned him to...Published: 27 Sep 2018 at 14:14hrs | 1 | by Staff reporter
Govt pledges support for largest gold miner
GOVERNMENT has made a commitment to provide the necessary facilitation to Zimbabwe's largest gold producer, Metallon Corporation, whose operations are being hampered by foreign currency shortages. ...Published: 13 Sep 2018 at 06:23hrs | 2 | by Staff reporter
Post-Mugabe Zimbabwe set to frustrate eager investors
A European investor's phone rings in a Harare restaurant and it's good news: an $80 million construction deal has been agreed with the Zimbabwean government.All that's needed now is a central ...Published: 14 Jul 2018 at 11:53hrs | | by TimesLive
ZITF hotel generates foreign interest
A number of foreign firms have expressed interest to assume the role of transaction advisor to the hotel and convention centre earmarked to be constructed by the Zimbabwe International Trade Fair (ZIT...Published: 08 Apr 2018 at 09:27hrs | 1 | by Staff reporter
NPP youths mourn late Ndlovu
Revolutionary greetings dear comrades. Compliments of the new year. I hope 2018 is going to be a golden year which will confirm that NPP is a formidable political outfit in the Zimbabwean political te...Published: 10 Jan 2018 at 13:52hrs | 1 | by Khulani David Ndhlovu
RBZ sets deadline for bank's demerger
THE Reserve Bank of Zimbabwe (RBZ) has set December 31, 2017, as the deadline for the separation of ZB Financial Holdings Limited (ZBFHL) from Intermarket Holdings Limited (IHL), which will see banker...Published: 11 Dec 2017 at 04:16hrs | 1 | by Staff reporter
Locals to get 30% stake in Egodini
CONTRACTORS of the $60 million Egodini project have engaged an independent financial advisor to put together a broad-based retail equity scheme that will allow ordinary residents of Bulawayo to acquir...Published: 30 Oct 2017 at 05:56hrs | | by Staff reporter
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