Search / Offshore
Zimbabwe capital markets conferences set for SA
FINANCIAL Markets Indaba (FMI), in partnership with the Victoria Falls Stock Exchange (VFEX) is set to co-host two Zimbabwe capital markets conferences in South Africa next month, NewsDay Business can...Published: 22 Mar 2024 at 09:38hrs | 155 | by Staff reporter
Breaking the losing streak: The Revolution Starts With Us
In a country plagued by corrupt politicians and a never-ending power struggle, it is high time that the citizens of Zimbabwe rise above their frustrations and ignite a revolution. For far too long, we...Published: 19 Mar 2024 at 20:32hrs | 288 | by Kumbirai Thierry Nhamo
Zimbabwean man wins US$1m loan court challenge
A HARARE man has won a US$1 million Supreme Court loan challenge after a local company that he loaned US$900 000 tried to repay the loan in local currency.The applicant Brian Rodney Baron had ...Published: 19 Mar 2024 at 12:58hrs | 656 | by Staff reporter
Swiss company loses US$270K court challenge
SWITZERLAND-REGISTERED energy firm, Addax Energy SA, has lost a High Court bid to force a local company to settle an outstanding fuel debt of US$269 735,88 in foreign currency.Addax Energy cit...Published: 07 Mar 2024 at 05:10hrs | 282 | by Staff reporter
Luxury estate to launch in May
WESTPROP Holdings chief executive Ken Sharpe has revealed that the company will launch the highly-anticipated US$100 million mixed use Hills Luxury Lifestyle Estate in May this year."It is wit...Published: 05 Mar 2024 at 04:58hrs | 535 | by Staff reporter
Mnangagwa plots divisive constitutional coup
ZIMBABWEAN President Emmerson Mnangagwa's strategy for a third term - practically a constitutional coup - is now gathering momentum and going full steam ahead after a brief retreat as the military reg...Published: 04 Mar 2024 at 18:43hrs | 995 | by Staff reporter
10 new IPPs to generate 271MW for Zimbabwe
ZIMBABWE has licenced 10 more independent power producers (IPPs) to start generating 271MW of electricity in the next 12 to 24 months under the Government project support agreement which now holds clo...Published: 04 Mar 2024 at 04:42hrs | 456 | by Staff reporter
Mnangagwa scared of gukurahundi, plots divisive constitutional coup
ZIMBABWEAN President Emmerson Mnangagwa's strategy for a third term - practically a constitutional coup - is now gathering momentum and going full steam ahead after a brief retreat as the military reg...Published: 29 Feb 2024 at 20:34hrs | 1917 | by Staff reporter
Bard Santner sets up New York office
HARARE - Local financial services firm Bard Santner Inc has set up an office in New York, United States, in a move to attract capital investment and transaction opportunities offshore.The comp...Published: 15 Feb 2024 at 18:42hrs | 417 | by Staff Reporter
CBZ opens Johannesburg office
CBZ Bank Limited, a wholly-owned subsidiary of the diversified and listed financial services group CBZ Holdings (CBZH), has opened a new office in Sandton, Johannesburg, South Africa.CBZH prov...Published: 12 Feb 2024 at 13:53hrs | 464 | by Staff reporter
Stanbic named 2023 bank of the year by the banker
Harare, 12 December 2023 - Stanbic Bank has been selected 2023 Bank of the Year in Zimbabwe by world renown London-based magazine, The Banker, cementing its place as one of the country's leading finan...Published: 13 Dec 2023 at 09:24hrs | 629 | by Stephen Jakes
We've gas in Zimbabwe, so what?
So, it has finally been confirmed!Zimbabwe has significant reserves of natural gas!This was announced by a clearly excited mines and mining development minister Zhemu Soda at a media b...Published: 07 Dec 2023 at 15:03hrs | 991 | by Tendai Ruben Mbofana
ZACC officials recover US$29m assets offshore
THE Zimbabwe Anti-Corruption Commission (Zacc) has recovered externalised assets by corrupt citizens worth US$29 million, a new report submitted to Parliament has revealed.Experts say the sout...Published: 27 Nov 2023 at 17:32hrs | 2042 | by Staff reporter
Belarus army general's visits Zimbabwe
The visit of Belarusian army general Viktor Sheiman has sparked concerns and controversy. Sheiman, who is under sanctions from the European Union and the United States for alleged human rights abuses ...Published: 02 Nov 2023 at 05:54hrs | 750 | by Staff reporter
NSSA is a vehicle for enriching the powerful whilst exploiting the poor!
I already knew that Zimbabwe was hell and a living nightmare for the vast majority of the ordinary citizenry.I was also fully aware that the powerful were the only ones getting richer and rich...Published: 15 Oct 2023 at 09:49hrs | 471 | by Tendai Ruben Mbofana
How taxation and royalties work in Zimbabwe's mining industry
The mining industry in Zimbabwe is not only rich in mineral resources but also subject to a nuanced taxation and royalty framework. In this article, we delve into the special rules governing taxation ...Published: 05 Oct 2023 at 11:10hrs | 781 | by Clifford S. Ncube
Kasukuwere to challenge Mnangagwa's 'looting scheme' in court
Saviour Kasukuwere, a former Zanu-PF commissar in exile, has signaled that his movement is contemplating legal action against President Emmerson Mnangagwa's recent decision to shield the procurement p...Published: 01 Oct 2023 at 14:34hrs | 1119 | 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 | 17 | by Staff reporter
Zuma blasts IMF stance on Zimbabwe
Former South African President Cde Jacob Zuma yesterday took a swipe at the International Monetary Fund (IMF)'s 2001 stance to starve Zimbabwe of credit facilities, describing the move as unjust and u...Published: 08 Jul 2023 at 08:23hrs | 16 | 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 | 27 | by Staff reporter
Attacks on Zimbabwe by US shadow organisations escalate
A new investigative report by The Sentry and Open Secrets, United States organisations which probe and follow dark money and illicit financial flows around the world - given to The NewsHawks and other...Published: 06 Jul 2023 at 09:16hrs | 7 | by Staff reporter
China takes next step in currency globalisation
China's gradual internationalisation of its currency will shift to its next leg on Monday when about two dozen Chinese companies start trading in their home currency in Hong Kong's stock market....Published: 19 Jun 2023 at 06:38hrs | 6 | by Staff reporter
A critical review of Al Jazeera's Gold Mafia documentary
APRIL, famously characterised as "the cruellest month" by distinguished poet and literary critic TS Eliot in his critically acclaimed essay "The Wasteland" - not because its first day celebrates fools...Published: 28 May 2023 at 17:07hrs | 26 | by Jonathan Moyo
South Africa on the edge! National renewal needed urgently
WITH various leaders and commentators having suggested that things have gone horribly wrong in South Africa since Cyril Ramaphosa became president more than five years ago, to such an extent that the ...Published: 24 May 2023 at 17:18hrs | 8 | by Thandisizwe Mgudlwa
'Zimbabwe debt resolution will open funding floodgates'
THE successful conclusion of discussions on Zimbabwe's arrears clearance and debt resolution will lay a firm foundation for the lifting of economic sanctions and help to unlock fresh and affordable ex...Published: 21 May 2023 at 08:02hrs | 1 | by Staff reporter
Are investors in African equities poised for wins amidst global turmoil?
It has been a tumultuous first quarter of 2023, and African equities have not been spared.Global markets started the year on a very positive note, with the S&P 500 up 9.0% at its peak in e...Published: 12 May 2023 at 11:17hrs | 21 | by Rami Hajjar, portfolio manager of the Allan Gray Africa ex-SA Equity Fund
Zanu-PF aspiring candidate granted $300,000 bail
Zanu-PF Makoni West aspiring candidate, Moses Ruwona, was released on $300 000 bail yesterday in a case where he faces fraud charges involving US$500 000.He spent two weeks in remand pri...Published: 20 Apr 2023 at 07:33hrs | 14 | by Staff reporter
Aspiring Zanu-PF MP spends weekend in jail over money laundering
Zanu-PF Makoni West constituency aspiring candidate Moses Ruwona will spend the weekend behind bars after Harare regional magistrate Stanford Mambanje postponed his bail ruling to tomorrow.Ruw...Published: 16 Apr 2023 at 08:33hrs | 19 | by Staff reporter
Access Forex loses US$260K while 'laundering' money
HARARE - Financial services firm Access Forex was accused of money laundering in court on Thursday after it emerged the company hired an aspiring Zanu PF MP to make huge foreign payments on its behalf...Published: 14 Apr 2023 at 12:32hrs | 10 | by Staff Reporter
Bail ruling for aspiring Zanu-PF MP set for tomorrow
Harare regional magistrate Mr Stanford Mambanje will tomorrow deliver ruling in a bail application by Zanu-PF aspiring Member of Parliament for Makoni West Moses Ruwona and his accomplice Macmillan Ch...Published: 13 Apr 2023 at 17:56hrs | 3 | by Staff reporter
Aspiring Zanu-PF MP locked up for fraud, money laundering
Moses Ruwona, an aspiring Zanu-PF candidate who defeated ICT minister Jenfan Muswere in the recently held party primary elections before being disqualified, has been locked up on allegations of fraud ...Published: 13 Apr 2023 at 16:56hrs | 2 | by Staff reporter
Political plot to corrupt Zimbabwe's judiciary?
CORRUPT government officials are maneuvering to manipulate an anticipated investigation into allegations of misconduct and corruption against High Court judge Webster Chinhamora as he is seen to be pr...Published: 02 Apr 2023 at 11:12hrs | 2 | by Staff reporter
ABSA, Standard Bank agree US$193m funding deal to build new Zimbabwe hospitals
Zimbabwe is to raise US$193 million in offshore lending to implement a 2019 agreement with UK infrastructure company NMS for the construction of hospitals and clinics in the country.ABSA and S...Published: 29 Mar 2023 at 20:43hrs | 6 | by Staff reporter
Zimbabwe speeding into the territory of charter cities
FINALLY, Al Jazeera aired the first of the four-part series documentary Gold Mafia. Social media went into overdrive, with many people condemning the attitude and character of some of those implicated...Published: 25 Mar 2023 at 08:19hrs | 4 | by Paidamoyo Muzulu
No handouts to investors in Zimbabwe, says Mutsvangwa
Under President Mnangagwa, there are no handouts to investors, who are all welcome from any part of the world at own risk, Zanu-PF Secretary for Information and Publicity Cde Christopher Mutsvangwa ha...Published: 18 Mar 2023 at 06:31hrs | | by Staff reporter
Mthuli Ncube to headline London Zimbabwe capital markets conference
Finance and Economic Development Minister, Professor Mthuli Ncube, is next month expected to headline the Zimbabwe Capital Markets conference in London which seeks to showcase the opportunities and br...Published: 06 Mar 2023 at 05:14hrs | | by Staff reporter
Kazembe Kazembe drawn into forex scandal
Home Affairs minister Kazembe Kazembe and police commissioner General Godwin Matanga have been dragged to court for refusing to arrest a Chinese national who used to supply leather products to the arm...Published: 05 Mar 2023 at 06:23hrs | 9 | by Staff reporter
Judge dismisses depositor's US$179,000 debt claim from CABS
A local pensioner, Duncan Hugh Cocksedge, is counting his losses after his US$179,000 bank balance which was being held in a CABS account was wiped out after being wholly converted to local currency t...Published: 28 Feb 2023 at 19:53hrs | 7 | by Staff reporter
Zimbabwe to become Africa's Dubai
Zimbabwe plans to set up an offshore financial center in the resort city of Victoria Falls that the government hopes will emulate the likes of Dubai and the Isle of Man to attract foreign investment....Published: 25 Feb 2023 at 08:54hrs | 15 | by Staff reporter
Ramaphosa's money laundering scandal, South Africa greylisted
South Africa, whose President Cyril Ramaphosa has been implicated in money laundering scandal, has been greylisted by the Financial Action Task Force (FATF), an intergovernmental body that sets global...Published: 24 Feb 2023 at 20:28hrs | 3 | by Staff reporter
Top US banker Holtzman appointed Victoria Falls Offshore Centre Chairperson
TOP US banker and ex-politician, Marc Holtzman has been appointed chairperson of the Victoria Falls Offshore Centre in a move market watchers believe will bolster global investors' confidence....Published: 15 Feb 2023 at 05:04hrs | 22 | by Staff reporter
Zimbabwe harbours wanted Irish Mafia cartel boss
A ZIMBABWEAN businessman, Adam Lincoln Woodington Wood, has allegedly been harbouring and enabling the activities of the founder of an Irish mafia gang, Christopher Vincent Kinahan, who is on the want...Published: 12 Feb 2023 at 07:33hrs | 146 | by Staff reporter
Mnangagwa associate biggest winner in Zimbabwe-Belarus deals
ZIMBABWE'S honorary consul to Belarus Alexander Zingman, a close associate to President Emmerson Mnangagwa and his counterpart Alexander Lukashenko, was the biggest winner in trade agreements signed t...Published: 04 Feb 2023 at 20:13hrs | 1 | 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 | 8 | by Staff reporter
Regulated Brokers in South Africa
When it comes to investing in the financial markets, it's crucial to choose a reputable and reliable broker. This is especially important in South Africa, where the regulatory environment is robust an...Published: 27 Jan 2023 at 11:23hrs | 8 | by Agencies
Zim technology company in ambitions regional growth
Tano Digital Solutions Group, a fast growing Zimbabwean new-generation technology company has acquired Altron Botswana and Mozambique as part of its growth strategy that will likely see the enterprise...Published: 04 Jan 2023 at 18:42hrs | 19 | by Simbarashe Sithole
Zimbabwe macroeconomic priorities for 2023
Zimbabwe's treasury department presented a ZW$4.5 trillion budget (21% of 2021 GDP) for the 2023 fiscal year. The budget roughly translates to US$5.3 billion if the market exchange rate is used. As is...Published: 15 Dec 2022 at 23:53hrs | 18 | by Victor Bhoroma
Why army was deployed in oil-drilling precincts of the Zambezi Valley
FEARS of a Mozambican Cabo Delgado-style Islamic insurgency in the northern Zambezi Valley where the Zimbabwean government and an Australian Securities Exchange-listed Invictus Energy are engaged in o...Published: 27 Nov 2022 at 14:59hrs | 19 | by Staff reporter
Belarus spreads Zimbabwe footprint
BELARUS has increased its footprint in Zimbabwe after cabinet this week announced that it was concluding a framework to award the Eastern European country a tender to construct a 100-megawatt photovol...Published: 20 Nov 2022 at 15:42hrs | 12 | by Staff reporter
Those pushing the #ZanuPFMustGo mantra have no ideological content beyond the hashtag
Dear Zanu-PF Comrades,Revolutionary greetings.Between 2018 and 2020 – on the back of the 15 November 2017 military coup that ousted President Mugabe and his government from power and...Published: 17 Nov 2022 at 05:21hrs | 10 | by Jonathan Moyo and Patrick Zhuwao
Load More Stories