Search / Tycoon
Elon Musk leaps onto stage at Trump rally
The tycoon hailed the Republican presidential candidate as a champion of democracy and the US ConstitutionTesla and SpaceX CEO Elon Musk has made an appearance at a Donald Trump rally, endorsi...Published: 06 Oct 2024 at 11:13hrs | 1385 | by Staff reporter
Ex-CCC activist joins Zanu-PF
Kudakwashe Freeman Chiororo, a former Chipinge CCC activist and businessman, has officially joined Zanu-PF, expressing enthusiasm for his new political alignment and eagerness to attend the party's Sc...Published: 26 Sep 2024 at 10:34hrs | 398 | by Staff reporter
Buyanga in fresh bid to nullify warrant of arrest
South African-based business tycoon Frank Buyanga, who is facing kidnapping charges, has launched a new effort to have a warrant of arrest against him canceled.Buyanga has been in custody sinc...Published: 02 Sep 2024 at 17:50hrs | 1032 | by Staff reporter
Rutendo Matinyarare jailed in South Africa
Zanu PF activist Benson Rutendo Manyarare has been convicted of contempt of court and jailed for three months by a court in Johannesburg, South Africa.The sentence was wholly suspended on cond...Published: 16 Jul 2024 at 20:54hrs | 2544 | by Staff reporter
Another Chivayo audio leaked
In a new development concerning the controversial US$100 million Zimbabwe Electoral Commission (Zec) tender scandal, a leaked audio recording has shed light on the bitter fallout between tycoon Wickne...Published: 10 Jul 2024 at 08:19hrs | 31 | by Staff reporter
Chivayo protected, Mpofu, Chimombe sacrificed?
Zimbabwe's political system is reeling from a major corruption scandal and has decided to protect ex-convict tycoon Wicknell Chivayo, who is close to President Emmerson Mnangagwa, while targeting his ...Published: 09 Jul 2024 at 17:29hrs | 56 | by Staff reporter
Matinyarare in big trouble
Zanu-PF activist Rutendo Benson Matinyarare has been accused of perjury by his former lawyer after he told the Gauteng High Court in South Africa that he was unaware of a gag order issued against him ...Published: 01 Jul 2024 at 16:02hrs | 18 | by Staff reporter
Resistance to Mnangagwa's 2030 push grows
President Emmerson Mnangagwa is reportedly facing resistance from the military and shifting alliances within Zanu-PF as he seeks to extend his stay in power beyond 2028. Supporters and shadowy affilia...Published: 01 Jul 2024 at 11:34hrs | 6 | by Staff reporter
CIO director general confront Chivayo?
Wicknell Chivayo, a controversial Zimbabwean tycoon with ties to President Emmerson Mnangagwa, recently made serious corruption allegations involving a US$40 million tender awarded by the Zimbabwe Ele...Published: 21 Jun 2024 at 11:27hrs | 2 | by Staff reporter
Zimbabwean-based Italian tycoon's son on the run
Alessandro Marconati, son of Francesco Marconati, a prominent Zimbabwean-based Italian tycoon in gold, leather products, and hospitality, is currently evading police as they seek to apprehend him for ...Published: 18 Jun 2024 at 11:14hrs | 3 | by Staff reporter
Italian tycoon fight for bail
Francesco Marconati, an Italian tycoon based in Zimbabwe, will appear in court this morning for a bail application ruling after spending two nights in jail for failing to complete a mandatory 105-day ...Published: 12 Jun 2024 at 12:50hrs | 4 | by Staff reporter
Nigerian billionaire Zimbabwe deals falter amid capital problems
WITH the help of Zimbabwean authorities who supported him amass platinum, gold, lithium, iron ore, tin and some rare earth mineral concessions, it first appeared like he was going far.At some poin...Published: 28 May 2024 at 12:46hrs | 8 | by Staff reporter
Why would a head of state prefer the company of criminals?
It is not surprising at all coming across photographs of a national president posing with various individuals. These could be anything from other heads of state, foreign envoys, public persona...Published: 26 May 2024 at 13:53hrs | 1 | by Tendai Ruben Mbofana
Chivayo leverages proximity to power to make a fortune
AS flamboyant Zimbabwean tycoon Wicknell Chivayo splurges money on an imposing mansion and donates cars to selected individuals weeks on end, while also making cash donations, questions abound as to w...Published: 19 May 2024 at 11:53hrs | | by Staff reporter
SA-based tycoon pledges support for food import initiatives
Zimbabwe is facing a potentially food crisis due to the El Niño-induced drought, which the government has declared a state of disaster in a move meant to marshal resources and avert hunger.Go...Published: 12 Apr 2024 at 09:48hrs | | by Staff reporter
The politics of Zimbabwe's land reform: winners and losers
The political debates about the rights and wrongs of Zimbabwe's land reform continue to occupy many.The tired, old obsession about how the land was taken and the associated focus on so-called ...Published: 31 Mar 2024 at 16:34hrs | 1 | by Ian Scoones
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
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
Mnangagwa awards Chemist Siziba liberation war hero status
The funeral service of the late Zimbabwean businessman Chemist Siziba, who died last Saturday, was held this morning at his Borrowdale (Hogerty Hill) home in Harare.Siziba died of kidney failu...Published: 14 Mar 2024 at 16:32hrs | | by Staff reporter
US calls for 'new-look' at Zimbabwe
The United States government says it stands ready for a "constructive relationship" with Zimbabwe adding the latest developments presented an opportunity for businesses to explore possible opportuniti...Published: 08 Mar 2024 at 07:52hrs | 1 | by Staff reporter
Strive Masiyiwa's Cassava partners Google Cloud
BUSINESS tycoon Strive Masiyiwa's Cassava Technologies yesterday partnered global technology leader Google Cloud and artificial intelligence (AI) company Anthropic to deliver advanced cloud and cyber ...Published: 07 Mar 2024 at 05:08hrs | 5 | by Staff reporter
US punishes Mnangagwa
The United States on Monday said it was ending its 2003 sanctions programme against Zimbabwe as it reimposed new restrictions on President Emmerson Mnangagwa and his inner circle for alleged corruptio...Published: 05 Mar 2024 at 19:19hrs | | by Staff reporter
Tendai Biti given a wholly suspended prison sentence and fined US$300
A Harare magistrate has handed ex-finance minister Tendai Biti a wholly suspended prison sentence of 6 months and also ordered him to pay a US$300 fine for calling Tatiana Aleshina "stupid" in 2020. ...Published: 27 Feb 2024 at 14:36hrs | | by Staff reporter
Chivayo says he can't help everybody
Wait a minute!He said it, he could not help everybody as there are "channels and procedures to follow to get in touch with me".These were the words from businessman Wicknell Chivayo, w...Published: 17 Feb 2024 at 08:36hrs | 1 | by Staff reporter
Zimbabwe's EPOs are only being held for speculative purposes
Calls have intensified for the Government to review the issuance of Exclusive Prospecting Orders (EPOs) by the Ministry of Mines and Mining Development following revelations that the majority of them ...Published: 08 Feb 2024 at 04:27hrs | | by Staff reporter
ZACC swoops on VID officer to explain wealth
The Zimbabwe Anti-Corruption Commission (ZACC) yesterday swooped on a senior Vehicle Inspectorate Department (VID) officer deployed to Beitbridge and ordered him to explain how he became a business ty...Published: 07 Feb 2024 at 04:39hrs | | by Staff reporter
Strive Masiyiwa's daughter marries a South African man
Tanya Masiyiwa, daughter of Zimbabwean tycoon Strive Masiyiwa, recently celebrated her marriage to Lethabo Molobi, her South African partner.Following a traditional ceremony on December 23, 20...Published: 10 Jan 2024 at 09:46hrs | 9 | by Staff reporter
Zimbabwe tycoon 'loses' US$65m in SA deal
Zimbabwean tycoon Danny Mavura Huruyadzo is set to lose substantial money after a multi-million-dollar deal with his erstwhile business associates based in South Africa turned sour.To avoid lo...Published: 31 Dec 2023 at 12:55hrs | 8 | by Staff reporter
Clashes in DR Congo as opposition demands poll re-run
Police in the Democratic Republic of Congo have clashed with opposition supporters demanding that last week's presidential poll be annulled.Leading opposition candidates have denounced the ele...Published: 28 Dec 2023 at 10:45hrs | 10 | by Staff reporter
Donald Trump suffers Kasukuwere fate
Colorado's Supreme Court has ruled former United States President Donald Trump is ineligible to run for the White House because of his role in the 2021 assault on the Capitol by his supporters and sho...Published: 20 Dec 2023 at 05:57hrs | 10 | by Staff reporter
Hwange Colliery pays off US$350m debt
ZIMBABWE'S oldest coal producer, Hwange Colliery has repaid over US$350 million to creditors in fast-paced deals executed by external administrators since slipping into reconstruction over a year ago,...Published: 15 Dec 2023 at 07:52hrs | 1 | by Staff reporter
Mnangagwa tightens his grip on levers of Zimbabwe's Treasury
WITH his close business ally John Muyashavanhu now confirmed as the incoming Reserve Bank of Zimbabwe (RBZ) governor, George Guvamatanga as Finance permanent secretary — chief accounting officer of ...Published: 12 Dec 2023 at 17:58hrs | | by Staff reporter
Zesa is not going to pay US$22 million to Wicknell Chivayo
Zimbabwe's power utility Zesa says it is not going to pay US$22 million to flamboyant business tycoon Wicknell Chivayo as reported, but instead his company Intratrek Zimbabwe (Pvt) Ltd has to fund the...Published: 01 Dec 2023 at 16:24hrs | 20 | by Staff reporter
Neville Mutsvangwa delivers inspiring speech at Founders Awards Gala
In a powerful address at the prestigious Founders Awards Gala, Neville Mutsvangwa, Chairman of Mumba Money Africa, urged young people across Africa to come together and work towards enhancing intra-Af...Published: 30 Nov 2023 at 11:16hrs | 9 | by Mandla Ndlovu
ConCourt judges flout JSC code of conduct
THREE Constitutional Court judges have come under the spotlight after they failed to comply with the Judicial Service Commission code of ethics which requires them to deliver a judgement reserved with...Published: 29 Nov 2023 at 10:45hrs | 10 | by Staff reporter
Zimbabwe now like a car made of wire
WHEN we were little boys, we enjoyed playing with our homemade toy vehicles made out of scrap wire.These were usually small cars, buses and trucks — with the most popular being the first two...Published: 23 Oct 2023 at 06:26hrs | | by Tendai Ruben Mbofana
Molai never sponsored Kasukuwere
Adam Molai, the tobacco tycoon and owner of Pacific Cigarette Company (PCC), has refuted allegations that he provided financial support for former Zanu-PF political commissar Saviour Kasukuwere's fail...Published: 16 Oct 2023 at 19:41hrs | 5 | by Staff reporter
Adam Molai's Pacific Cigarette Company forced into voluntary corporate rescue
Pacific Cigarette Company (PCC), led by local business magnate Adam Molai, has voluntarily initiated corporate rescue proceedings due to a substantial $19 million tax liability. This move comes amid a...Published: 09 Oct 2023 at 16:00hrs | 94 | by Staff reporter
Tobacco smuggling between Zimbabwe - SA now security threat
SOUTH Africa is drowning in illicit cigarette smuggling which has seen the neighbouring country losing at least R50 million (US$2.6 million) daily in potential revenue from well-coordinated syndicates...Published: 09 Oct 2023 at 13:49hrs | 8 | by Staff reporter
Police name victims of Zimbabwe plane crash that killed Indian tycoon
Zimbabwean authorities have officially released the identities of five of the six victims involved in the plane crash that occurred in Mashava on September 29. The tragic incident claimed the lives of...Published: 03 Oct 2023 at 17:05hrs | 2 | by Staff reporter
Matebeleland sweeps away big guns
SOME five months ago, Zimbabwe's Finance minister Mthuli Ncube sauntered like a decorated knight in shining armour into Cowdray Park, a sprawling settlement north west of Bulawayo.The professo...Published: 28 Aug 2023 at 06:56hrs | 1 | by Staff reporter
Strive Masiyiwa's wife appointed END Fund chair
Renowned humanitarian Tsitsi Masiyiwa has been appointed board chairperson of the END Fund, a collaborative philanthropic fund dedicated to ending neglected tropical diseases (NTDs).Masiyiwa, ...Published: 17 Aug 2023 at 06:52hrs | 8 | by Staff reporter
Mutumwa Mawere seeks to bar Mnangagwa from running for Zimbabwean Presidency
EXILED businessman Mutumwa Mawere has approached the Constitutional Court, seeking to block President Emmerson Mnangagwa from contesting in the August 23 polls.The South African-based ty...Published: 21 Jul 2023 at 18:07hrs | 1 | by Staff reporter
Nigerian billionaire's US$1 billion Zimbabwean mining deals stall
NIGERIAN oil and gas billionaire Benedict Peters' massive investment plans to shell out over US$1 billion into a local platinum mining project and more into lithium, iron ore, tin, gold and rare earth...Published: 16 Jul 2023 at 13:54hrs | 12 | 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
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 | | by Staff reporter
Buyanga denies SA prison escape bid
Troubled Zimbabwe business tycoon, Frank Buyanga has denied attempts to skip jail and has demanded apology and retraction of a South African Police Services (SAPS) statement inferring he colluded with...Published: 04 May 2023 at 19:55hrs | 2 | by Staff reporter
SA chrome tycoon 'pays millions' to Zanu-PF chefs
A FIRM controlled by one of South Africa's richest tycoons suspiciously moved millions of United States dollars to politically connected Zimbabwean companies and powerful individuals, about five years...Published: 29 Apr 2023 at 19:32hrs | 11 | by Staff reporter
Haruzivishe takes Sikhala's case to British Parliament
EXILED opposition activist Makomborero Haruzivishe took the matter of Job Sikhala's prolonged political imprisonment to the British Parliament on 19 April 2023, hoping to increase international awaren...Published: 28 Apr 2023 at 20:22hrs | 1 | by Staff reporter
Chiwenga, Mnangagwa entangled in massive chrome scandal
COMPANIES linked to President Emmerson Mnangagwa and Vice-President Constantino Chiwenga received US$3 million from South African chrome miner Zunaid Moti following a US$120 million deal signed betwee...Published: 28 Apr 2023 at 20:19hrs | 2 | by Staff reporter
Load More Stories