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Chamisa loyalists opposed to Zimbabwe's Commonwealth readmission
A faction of the Citizens' Coalition for Change (CCC) party, primarily loyal to former leader Nelson Chamisa, has publicly opposed Zimbabwe's attempt to rejoin the Commonwealth under President Emmerso...Published: 23 Oct 2024 at 11:20hrs | 547 | by Staff reporter
ZimAlloys resumes chrome smelting
ZimAlloys, a ferrochrome producer based in Gweru, has restarted its chrome smelting operations after an 11-year break, thanks to a US$7 million investment from Kuvimba Mining House. The company's revi...Published: 18 Oct 2024 at 08:37hrs | 181 | by Staff reporter
Mutapa assets valued at US$16bn
A comprehensive valuation of companies under the Mutapa Investment Fund (MIF), carried out by prominent local and international accounting firms over the past five months, has placed the total value o...Published: 06 Oct 2024 at 10:02hrs | 217 | by Staff reporter
China mining firms partner with Zimbabwe on lithium mine
Chinese miners Zhejiang Huayou Cobalt Co. and Tsingshan Holding Group Co. are defying low lithium prices to develop a deposit of the battery metal with a Zimbabwean state company.The two firms...Published: 26 Sep 2024 at 13:56hrs | 242 | by Staff reporter
Zimbabwe's ballooning US$21 billion debt spirals out of hand
Citizen Coalition for Change (CCC) Mbizo Member of Parliament (MP), Corban Madzivanyika, has raised alarm over Zimbabwe's escalating public debt, which has now surpassed US$21 billion. During a recent...Published: 15 Sep 2024 at 10:06hrs | 1807 | by Staff reporter
The Sentry report on Mutapa Fund is shallow and weak
I had the MISFORTUNE of going through a report prepared and distributed by The Sentry, possibly written by an excitable Nick Donovan. Long story short, the report is shallow and weak. Here is ...Published: 04 Jul 2024 at 16:37hrs | 14 | by MMatigary
Shareholders cream off US$1,6b from Mutapa
Zimbabwe's debt restructuring talks are at risk following revelations that the country's liabilities may have increased due to a secretive US$1.6 billion payment to unknown shareholders under the sove...Published: 04 Jul 2024 at 09:33hrs | 9 | by Staff reporter
Court judgement could see 70% of mines shut down in Zimbabwe
HARARE - A large majority of Zimbabwe's mines risk losing their mining permits after the High Court ruled that miners should first obtain an environmental impact assessment certificate (EIAC) before b...Published: 08 Apr 2024 at 21:09hrs | 64 | by ZimLive
The Zimbabwe currency crisis as seen from abroad!
AS we go to press, US financial news media has become aware of the Zimbabwe financial crisis.Bloomberg news agency and the Financial Times have reported authoritatively on the events surroundi...Published: 07 Apr 2024 at 10:25hrs | 4 | by Kenneth Mafuka
Mnangagwa government's game of darkness
NOW, if you put President Emmerson Mnangagwa, Mthuli Ncube and Kuda David Mnangagwa-the Finance minister and deputy minister, respectively—what will you get?Correct. Darkness. Lots of darkne...Published: 31 Mar 2024 at 16:30hrs | | by Tawanda Majoni
Tagwirei-linked firm in Zisco 'asset stripping orgy'
The much-hyped takeover of the Zimbabwe Iron and Steel Company (Zisco) by Kuvimba Mining House has failed to change the fortunes of the steelmaker amid allegations that the firm linked to businessman ...Published: 31 Mar 2024 at 15:20hrs | 1 | by Staff reporter
Tagwirei amassed his wealth through legal means
Former opposition politician Eddie Cross has defended Zanu-PF-affiliated business magnate Kudakwashe Tagwirei, asserting that the billionaire's wealth was accumulated through lawful means.Tagw...Published: 25 Mar 2024 at 06:31hrs | 15 | by Staff reporter
Cross fights in Tagwirei's corner
BUSINESS tycoon Kudakwashe Tagwirei made his wealth in the fuel sector and did not use any political connections to achieve his status, President Emmerson Mnangagwa's biographer Eddie Cross has said....Published: 25 Mar 2024 at 05:29hrs | 1 | by Staff reporter
BREAKING: Kuvimba Mining House protesters arrested
At least 24 women who were protesting at Bindura Nickel Company Mine a subsidiary of Kuvimba Mining House (KMH) in Bindura were arrested this morning.The women were demanding the company to cl...Published: 14 Mar 2024 at 08:43hrs | | by Simbarashe Sithole
WATCH: Bindura Women protest against Kuvimba Mining House
Over a hundred women besieged Bindura Nickel Company's (BNC) offices at Trojan Nickel Mine in Bindura this Monday.The women who were blocked by police and security guards from entering the Exe...Published: 13 Mar 2024 at 10:18hrs | 14 | by Staff Reporter
'Mutapa Investment Fund mustn't become conduit for looting'
AS prevalence of public sector corruption reaches alarming levels, the International Monetary Fund (IMF) has demanded that Zimbabwean authorities ensure the newly-established Mutapa Investment Fund (M...Published: 11 Mar 2024 at 09:09hrs | 9 | by Staff reporter
Zimbabwe foundries engage banks to raise US$15m for retooling
THE Zimbabwe Institute of Foundries (ZIF) this week said it was engaging banks and government to raise uS$15 million for retooling of the existing foundries dotted around the country.Foundries...Published: 25 Feb 2024 at 09:26hrs | 13 | by Staff reporter
Kuvimba hits jackpot with Sandawana lithium find
THE Sandawana Mines, which is controlled by Kuvimba Mining House, is sitting on an estimated 100 million tonnes of lithium resource, making it one of the biggest lithium assets in the world.Li...Published: 25 Feb 2024 at 09:24hrs | 12 | by Staff reporter
Insiza struggles as lithium mining trucks leave road in ruins
Villagers in Insiza demand that mining companies fix the roads, which are in a bad state due to the heavy trucks passing through them daily.Sources who spoke to CITE on condition of anonymity ...Published: 24 Feb 2024 at 13:53hrs | 22 | by Staff reporter
Mnangagwa must not exempt state entities from scrutiny
GOVERNANCE watchdogs has demanded that President Emmerson Mnangagwa discard his gazetted General Notice 164B of 2024 which exempts 21 key state entities from complying with the Public Procurement and ...Published: 21 Feb 2024 at 20:03hrs | 54 | by Staff reporter
Kuvimba mining house dumps hundreds of workers
Shamva Mine, owned by mining conglomerate Kuvimba mining house has laid off hundreds of workers in recent months, according to a union official. The termination of contracts for 200 workers co...Published: 20 Feb 2024 at 11:21hrs | 3 | by Staff Reporter
Mnangagwa govt is getting crazier
IF you are a Zimbabwean citizen or resident and still want to live on, you need super strong shock absorbers because the Mnangagwa administration is capable of crazy things that can easily kill you....Published: 11 Feb 2024 at 21:07hrs | | by Staff reporter
Mnangagwa exempts 21 entities from scrutiny
President Emmerson Mnangagwa has exempted 21 public entities from scrutiny in procurement and disposal of assets.The Reserve Bank of Zimbabwe, AFC Commercial Bank, Infrastructure Develop...Published: 09 Feb 2024 at 06:58hrs | | by Staff reporter
Zimbabwe gold output declines 15%
Zimbabwe produced 30 metric tons of gold in 2023, 15% less than the previous year, official data showed on Monday, as electricity cuts and currency volatility impacted output.The southern Afri...Published: 10 Jan 2024 at 17:47hrs | 9 | by Staff reporter
Zimbabwe mines need a web presence
Zimbabwe has only just over ten mines and mining companies with an online presence. Mines with a web presence include ZimPlats, Caledonia Mining Corporation, A and F Avalon Gold Mine, Renco Gold Mine,...Published: 24 Dec 2023 at 09:57hrs | 9 | by Jacob Kudzayi Mutisi
CIO-linked company gets raw lithium export permit
THE Ministry of Mines and Mining Development has reportedly awarded a firm with suspected links to the Central Intelligence Organisation (CIO), Terrestrial Holdings, a licence to export one million to...Published: 08 Dec 2023 at 20:53hrs | 52 | by Staff reporter
Zimbabwe's iron and steel sector to create 40 000 jobs
The Dinson Iron and Steel Company (Disco) steelworks, valued at US$1.5 billion, situated near Mvuma in the Midlands province, is set to create nearly 40,000 new jobs, both directly and in downstream i...Published: 22 Oct 2023 at 09:10hrs | 2 | by Staff reporter
Mnangagwa's Mutapa Fund likely to create oligarchs
FEARS abound that President Emmerson Mnangagwa's self-serving Mutapa Investment Fund project has hallmarks of how Russian state assets were sold for a song or brazenly stolen during its transition fro...Published: 09 Oct 2023 at 13:50hrs | | by Staff reporter
Zisco to start iron ore mining ahead of revival
MOTHBALLED steel giant, Zisco, has procured the equipment it requires to start limestone and iron ore mining in Redcliff early next year ahead of the much-anticipated resumption of operations, a senio...Published: 09 Oct 2023 at 06:05hrs | 1 | by Staff reporter
Zimbabwe Treasury has not exempted state enterprises from procurement rules
The state enterprises under the Mutapa sovereign wealth fund still have to comply with procurement rules despite an exemption issued for the fund itself, The Ministry of Finance says.In a gove...Published: 02 Oct 2023 at 19:57hrs | 1 | by Staff reporter
Legalizing looting shows Zimbabwe is led by dunderheads!
From the time I was a little boy, there was something that always puzzled me.I could never understand how, those who were in top government positions - with all the opportunities availed to th...Published: 02 Oct 2023 at 07:55hrs | | by Tendai Ruben Mbofana
ZimAlloys set to fire up new furnaces after $40m injection
ONE of the country's largest ferrochrome producers, Zimbabwe Alloys (ZimAlloys) will next month return to production after a new shareholder injected close to US$40 million to revive the company....Published: 29 Sep 2023 at 10:10hrs | | by Staff reporter
Mutapa looting machine
PRESIDENT Emmerson Mnangagwa is full of surprises.He wants to be seen to be doing something and, in many instances, creates new offices that in reality are as clear as mud.Mutapa Inves...Published: 23 Sep 2023 at 21:34hrs | | by Paidamoyo Muzulu
5 under-privileged students secure Mnangagwa's ED-UNZA scholarship
NELIA Fundu, a 21 year old young intellect from rural Zvishavane was born in a less privileged family with other five siblings.Her father relies on menial jobs to put food on their table but h...Published: 11 Sep 2023 at 06:26hrs | 10 | by Staff reporter
Russia's railway giant keen to expand footprint to Zimbabwe
TRANSMASHHOLDING, Russia's leading manufacturer of railway rolling stock and fifth biggest rail company in the world, is looking to expand its footprint in African countries including Zimbabwe in a wi...Published: 01 Aug 2023 at 06:27hrs | 11 | by Staff reporter
Sandawana Mines value shoots to US$3bn
SANDAWANA Mines, which has resumed operations after it shut down years ago due to a number of reasons, is now valued at approximately US$3 billion, up from US$5 million, NewsDay Business can reveal. T...Published: 28 Jul 2023 at 06:45hrs | 1 | by Staff reporter
Chiwenga calls on Zimbabweans to honour liberation war icons
People in Midlands should honour the liberation war icons hailing from the province who gallantly fought for the country's independence by voting resoundingly for President Mnangagwa and the revolutio...Published: 20 Jul 2023 at 06:53hrs | 1 | by Staff reporter
Biti lays into Mnangagwa, Tagwirei
SENTRY and Open Secrets exposé has confirmed that Zimbabwe has become a mafia state, run and controlled by cartels and syndicates, Former Finance Minister Tendai Biti has said.In a publicised...Published: 08 Jul 2023 at 08:29hrs | 9 | by Staff reporter
Shadowy US organisation raise questions about Tagwirei mine purchase
A joint investigative report by The Sentry and Open Secrets exposes how Zimbabwean presidential advisor and business tycoon Kudakwashe Tagwirei, the subject of numerous corruption allegations, was abl...Published: 06 Jul 2023 at 10:41hrs | 9 | 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 | 1 | 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
Zimbabwe foundries require US$50m for retooling
The Zimbabwe Institute of Foundries (ZIF) says the sector requires about US$50 million for retooling of the existing foundries dotted around the country.Foundries are facilities that produce m...Published: 21 May 2023 at 08:11hrs | 1 | 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 | 6 | 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 | 3 | by Staff reporter
ZimAlloys ready to switch on its biggest furnace
ZIMBABWE Alloys (ZimAlloys), one of the country's biggest producers of ferrochrome, will restart its 50 000 tonnes per year furnace in July this year after investing more than US$13 million in it, an ...Published: 30 Mar 2023 at 06:38hrs | | by Staff reporter
Zimbabwe in desperate need of national leaders not Mafia bosses and gang leaders!
It was the most heartbreaking sight - as images of a collapsed primary school in my home city of Kwekwe made the rounds across the country. In fact, the stab to my heart was made more excrucia...Published: 20 Mar 2023 at 09:17hrs | 4 | by Tendai Ruben Mbofana
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 | | 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 | 9 | by Staff reporter
Zimbabwe aims for top spot in carbon steel production
ZIMBABWE is now on a sustainable economic growth path following a number of interventions and is set to become one of the top carbon steel producers in sub-Saharan Africa in the next three years on th...Published: 30 Jan 2023 at 07:10hrs | 1 | by Staff reporter
Mberengwa fights lithium plunder
MBERENGWA residents have formed a foundation led by prominent local people to fight the plunder of recently discovered lithium deposits in the vast district as well other available minerals like gold,...Published: 24 Jan 2023 at 16:31hrs | | by Staff reporter
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