Search / Zmdc
Zimbabwe CIO's business network
Zimbabwe's Central Intelligence Organisation (CIO) likely has a secret stream of money, The Sentry has found. Publicly availa...Published: 10 Jun 2024 at 17:53hrs | 58 | by Staff reporter
Mnangagwa regime doing the work of US sanctions in Zimbabwe!
My own views on this sanctions issue have always been that we needed to prove these measures were the cause of our suffering. I have never denied that there have been targeted sanctions impose...Published: 06 Mar 2024 at 23:01hrs | 5 | by Tendai Ruben Mbofana
United States sanctions on Zimbabwe: who is off the list, who is on?
The United States on Monday sanctioned Zimbabwe's President Emmerson Mnangagwa, first lady Auxillia Mnangagwa and other government officials for their alleged involvement in corruption and human...Published: 05 Mar 2024 at 19:39hrs | 4 | by Staff reporter
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 | 53 | by Staff reporter
Zida approved 4 PPPs in Q2
THE Zimbabwe Investment and Development Agency (Zida) approved four public-private partnerships (PPPs) in the second quarter of this year, with a combined value of more than US$186 million.The...Published: 17 Jul 2023 at 06:58hrs | 8 | 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 | 2 | by Staff reporter
Lukashenko's eagerness for Mnangagwa to win elections casts serious doubts over credibility of deals signed!
Normally, when a national leader visits another country, he is expected - on account of common decency, respect and statesmanship - to keep clear of his hosts' domestic politics. It would have...Published: 01 Feb 2023 at 12:13hrs | | by Tendai Ruben Mbofana
Reflecting on the export ban for raw lithium
Through Statutory Instrument 213 of 2022 (Referend to as Base Minerals Export Control for unbeneficiated Lithium Bearing Ores), Zimbabwe banned the export of raw lithium from the country. The regulati...Published: 31 Jan 2023 at 09:12hrs | | by Victor Bhoroma
President Lukashenko, be warned, Zimbabwe will never be a colony again!
Amongst all the hullabaloo, with the pomp and fanfare, surrounding the so-called 'historic' state visit by Belarusian President Alexander Lukashenko to Zimbabwe - some of us are more wary of a leader ...Published: 31 Jan 2023 at 08:51hrs | 1 | by Tendai Ruben Mbofana
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
Zimbabwe military gets permit to export raw lithium
EMBATTLED state arms manufacturer, the Zimbabwe Defence Industries (ZDI) has been controversially granted a special permit to export raw lithium by the government, a decision expected to inject life i...Published: 14 Jan 2023 at 16:28hrs | 4 | 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 | | by Staff reporter
Fortune seekers descend on Mberengwa in Zimbabwe lithium rush
THE country's policies are once again in the spotlight after more than 5 000 artisanal miners and fortune seekers, including foreigners, mainly of Chinese origin, have descended on the former Sandawan...Published: 04 Nov 2022 at 05:37hrs | | by Staff reporter
RBZ in dramatic U-turn on Fidelity privatisation
IN a dramatic policy U-turn, the Reserve Bank of Zimbabwe (RBZ) has indefinitely suspended its plans to partially privatise Fidelity Printers and Refiners (FPR) nearly two years after announcing inten...Published: 04 Nov 2022 at 05:32hrs | | by Staff reporter
Biti corners Mthuli Ncube into shock revelation
FINANCE Minister Professor Mthuli Ncube revealed in Parliament Wednesday that Zimbabwe used platinum reserves worth more than US$26 billion as security for a US$200m loan from China.Worse stil...Published: 25 Aug 2022 at 21:28hrs | | by Staff reporter
Zanu-PF bigwigs 'blocking' parastatal reforms
CONCERTED efforts by Treasury to push for key parastatal reform and privatisation of the loss-making entities have been frustrated by some hawkish cabinet ministers and senior bureaucrats, who have fo...Published: 17 Jun 2022 at 08:58hrs | 10 | by Staff reporter
Zimbabwe's diamond sector to surpass US$1bn target
Zimbabwe's diamond sector is on course to exceed the targeted US$1 billion contribution backed by exceptional performance by mining companies such as the Zimbabwe Consolidated Diamond Company (ZMDC)....Published: 08 Apr 2022 at 06:41hrs | 1 | by Staff reporter
Mnangagwa ally's company named in bid to revive Zisco
GOVERNMENT yesterday said it had chosen Kuvimba Mining House, a company in which it has majority shareholding and is linked to President Emmerson Mnangagwa's ally, to revive the moribund ZiscoSteel....Published: 23 Feb 2022 at 05:49hrs | | by Staff reporter
Kuvimba to lead Zisco revival
Kuvimba Mining House, which has both private and State shareholding and has been resuscitating gold mines, has been chosen by Cabinet as the investment partner for the resuscitation of the Redcliff-ba...Published: 23 Feb 2022 at 05:40hrs | | by Staff reporter
Mnangagwa's 'second Republic' as scandal-prone as Mugabe's govt
THERE is no difference between the administration of former president Robert Mugabe and that of his successor Emmerson Mnangagwa when it comes to public procurement as the two republics are marred by ...Published: 22 Feb 2022 at 07:23hrs | | by Staff reporter
Zimbabwe edges closer to US$12bn target?
Government and private sector players in the mining industry are resolute in their commitments towards achieving the US$12 billion by 2023.Zimbabwe launched the Strategic Road to the Achieveme...Published: 03 Jan 2022 at 05:53hrs | 11 | by Staff reporter
Silobela community demands share of Jena Mine
VILLAGERS in Silobela are demanding that the redundant Jena Gold Mine claims be allocated to them as they are living in poverty while their area is endowed with gold deposits.The Jena Mine cla...Published: 12 Oct 2021 at 05:58hrs | 7 | by Staff reporter
Belarus elites' golden deals with Mnangagwa
IN MARCH 2018, Belarus' autocratic President Alexander Lukashenko dispatched his right-hand man Viktor Sheiman to Zimbabwe to negotiate trade and business deals on the government's behalf.Shei...Published: 09 Oct 2021 at 07:25hrs | 7 | by Staff reporter
ZMDC begins exploration works at Kamativi Mine
THE Zimbabwe Mining Development Corporation (ZMDC) has commenced exploration works at Kamativi Mine in Matabeleland North province and hopes to complete the programme in December.Kamativi, formerl...Published: 27 Sep 2021 at 06:15hrs | | by Staff reporter
Tagwirei linked companies cited in US$49m privatisation deal
AS Treasury maintains a tight lid over the identity of gold producers who snapped 60% shareholding in Fidelity Printers and Refiners (FPR), emerging details show that Kuvimba Mining House, Better Bran...Published: 20 Aug 2021 at 07:22hrs | | by Staff reporter
Chamisa's MDC claims Fidelity 'parcelled out' to Tagwirei
The MDC Alliance is mulling a legal challenge to the disposal of the government's majority stake in Fidelity Printers and Refiners (FPR), which the party says has been "parcelled out" to controversial...Published: 03 Aug 2021 at 18:45hrs | 2 | by Staff reporter
Zanu-PF's corrupt election funding exposed
THE ruling Zanu-PF mortgaged the country's natural resources in lieu of US$100 million in financial support ahead of the country's 2013 general elections, a new report by a local watchdog has shown....Published: 31 Jul 2021 at 17:54hrs | 18 | by Staff reporter
Zanu-PF sets US$140 million budget for Mnangagwa re-election in 2023
Zanu-PF has set a target of raising US$140 million for the 2023 election campaign, just days after a new report accused the party of "mortgaging" the country's minerals to finance its past campaigns....Published: 28 Jul 2021 at 09:15hrs | 1 | by Staff reporter
ZACC guns for US$7bn assets illicitly siphoned out of the country
An estimated US$7 billion worth of assets were illicitly siphoned out of the country through corruption and money laundering and the Zimbabwe Anti-Corruption Commission (ZACC) is now ratcheting up mea...Published: 25 Jul 2021 at 08:00hrs | | by Staff reporter
Tagwirei's vast tentacles grip Zimbabwe government
KUDAKWASHE Tagwirei's influence on government in recent years has been unmatched.The shadowy businessman has emerged one of the biggest beneficiaries of the November 2017 military coup which o...Published: 17 Jul 2021 at 15:26hrs | 10 | by Staff reporter
Mnangagwa's cabinet approves six copper projects
CABINET has approved the Greater Chinhoyi Copper Development Programme which is set to contribute to the US$12 billion mining economy by 2023. The Government has recognised the mining industry...Published: 16 Jul 2021 at 09:03hrs | | by Staff reporter
Diamonds worth US$140m vanish
ROUGH diamonds worth an estimated US$140 million dollars have disappeared from the supposedly impenetrable Minerals Marketing Corporation of Zimbabwe (MMCZ) and Zimbabwe Consolidated Diamond Company (...Published: 14 Jul 2021 at 09:22hrs | | by Staff reporter
Mystery over Zimbabwe army deal?
MYSTERY over President Emmerson Mnangagwa's adviser and shadowy businessman Kudakwashe Tagwirei's murky purchase of the Zimbabwe Defence Forces (ZDF) partly-owned Pen East Mining's stake in platinum m...Published: 11 Jul 2021 at 20:43hrs | 16 | by Staff reporter
Mnangagwa-Tagwirei links getting clearer
THE other day I was talking to a respected colleague who said something that got me thinking hard and long.The colleague — who, sure, has access to President Emmerson Mnangagwa now and then ...Published: 11 Jul 2021 at 10:49hrs | 1 | by Tawanda Majoni
State diamond company fails to account for US$400m
THE Zimbabwe Consolidated Diamond Company (ZCDC) has failed to account for the use of money exceeding US$400 million, while also failing to properly account for 352 583.11 carats of diamonds wor...Published: 19 Jun 2021 at 15:06hrs | | by Staff reporter
Gold miners optimistic of 100 tonnes per year
Gold production declined over the past two years but miners remain optimistic of Zimbabwe's potential to achieve its target of producing 100 tonnes yearly as challenges experienced by the sector can b...Published: 02 Jun 2021 at 07:05hrs | | by Staff reporter
Zimbabwe's gold output declines by 29%, says Chamber of mines
THE Zimbabwe Chamber of Mines (ZCM) has attributed the decline in gold output in 2020 and the first quarter of this year to the havoc caused by the Covid-19 pandemic among other constraints.Gi...Published: 01 Jun 2021 at 08:00hrs | | by Staff reporter
Privatization plans off rails
In November 2018, the Zimbabwean government set out a privatization plan to dispose completely and partially privatize over 23 state entities and parastatals (SEPs). According to the Auditor General R...Published: 07 May 2021 at 15:41hrs | | by Victor Bhoroma
Mnangagwa, Chiwenga-linked cartels take over public firms, mines, fuel sector - report
HIGHLY secretive cartels linked to President Emmerson Mnangagwa and Vice President Constantino Chiwenga are reported to have taken over the operations of key state-owned companies, including private f...Published: 10 Feb 2021 at 07:33hrs | 6 | by Staff reporter
Mliswa's ex-lover has a son with SB Moyo?
Susan Mutami who has been trending for claiming Temba Mliswa is engaged in homophobic affairs and is seeking to end July Moyo, has reportedly made sensational claims that she has a son with the late F...Published: 06 Feb 2021 at 18:14hrs | 1 | by Staff reporter
Mugabes' diamond, ivory deals exposed
FRESH startling details have emerged indicating how the late former President Robert Mugabe and his family worked with extop parastatal and security bosses to ship high-grade diamonds and ivory out of...Published: 29 Jan 2021 at 07:14hrs | | by Staff reporter
Landela buying spree raises stink
PRESIDENT Emmerson Mnangagwa marked his triumphal entry into the citadel of power in 2017 by declaring that he would open the country up for business, thus promising a departure from the ruinous polic...Published: 15 Jan 2021 at 07:37hrs | 1 | by Cliff Chiduku
Kuvimba: How to hide a mining giant in plain sight
A year ago, Kuvimba Mining House did not exist. now it could be the country's biggest gold producer.How? The answer shows how transparency is still not a thing for Zimbabwean authorities....Published: 10 Jan 2021 at 08:10hrs | 22 | by Staff reporter
Zimbabwe's economic outlook for 2021
Zimbabwe's economy ended the year 2020 on a fairly stable note due to the return of the multi-currency regime and decline in general inflation levels in the market. Headwinds caused by incessant power...Published: 08 Jan 2021 at 21:02hrs | | by Victor Bhoroma
Kuvimba Mining to raise US$1 billion, eyes VFEX listing
Kuvimba Mining House, the newly created mining company, will seek to raise US$1 billion to recapitalise its assets, which it hopes will generate an ambitious US$1.5 billion per annum by 2023. ...Published: 05 Jan 2021 at 18:27hrs | | by Staff reporter
Chiwenga's 'brother' implicated as foreign firms defy govt ban on river bank mining
FOREIGN-LINKED companies - particularly from China and Belarus - are deploying heavy machinery to river banks to mine for gold under the guise that they are desilting the watercourses, it has emerged....Published: 27 Dec 2020 at 08:21hrs | 11 | by Staff reporter
Is Zimbabwean rule of law so dead that relatives of ruling elite can order around state officials?
Recent reports about a Shantel Chikafu - who audaciously managed to defraud a seemingly reputable financial institution, CBZ Bank, of US$37,000; whilst, similarly grabbing a Shamva gold mine from one ...Published: 21 Dec 2020 at 15:05hrs | | by Tendai Ruben Mbofana
Govt to centralise control of State firms
THE Government will adopt a centralised ownership model for State-owned enterprises (SOEs) to eliminate inconsistencies in governance and ministerial interferences, Finance and Economic Development Mi...Published: 27 Nov 2020 at 06:54hrs | | by Staff reporter
Chinese Hwange blitz a minister's directive
THE shock decision by the Zimbabwe Parks and Wildlife Management Authority (Zimparks) to grant two Chinese mining firms the greenlight to drill and explore for coal in the giant Hwange National Park w...Published: 11 Sep 2020 at 07:17hrs | | by Staff reporter
Mthuli Ncube in USD$ 500 million scam
Finance and Economic Development Minister Mthuli Ncube has been sucked into a U SD$ 500 million scam involving Treasury Bills Professor Jonathan Moyo, a fugitive from justice, has alleged.Post...Published: 02 Aug 2019 at 13:18hrs | 2 | by Mandla Ndlovu
Load More Stories
