Chatunga Received R10 Million On Eve Of 2017 Coup, SA Probe Reveals

An investigation by South African unit Amabhungane has revealed massive money laundering through which late President Robert Mugabe’s son Bellarmine Chatunga could have gained R10 million, just before his father was ousted in a coup. R10 million is worth about US$526,114 at the prevailing rate. A string of hawala payments …

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ZSE Market Turnover Up 418pc

The Zimbabwe Stock Exchange (ZSE) recorded a total market turnover of ZWL$171 billion in the third quarter of this year, up 418% from the comparable quarter last year, with five firms contributing more than half of the total revenue. Higher turnover in a stock indicates better liquidity, which means that …

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Importation Of Cars Between Harare & Dar es Salaam Eased

Tanzania has opened an office for the Tanzania Ports of Authority (TPA) in Zimbabwe which will assist in the importation of cars and other goods from the ocean-linked country. Hitherto, Zimbabweans have been travelling long distances to access their second-hand cars bought from either Asia and Europe, which come through …

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CCC Needs Structures, Constitution…Chamisa Trapped

The opposition Citizens’ Coalition for Change (CCC) decision to proceed without a constitution and with no congress to elect substantive leaders is the reason why it has been trapped in a predicament in which a non-member of the party has recalled its MPs, councillors and senators. A seasoned political analyst …

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‘White Gold’ To Put Zimbabwe On World Trade Map

Zimbabwe hopes to become the world’s largest exporter of the chemical element Lithium. Lithium, or ‘white gold’ as it is often known to investors, has become an incredibly valuable resource, as it is one of the key components of electric vehicle batteries. Now an unlikely African country hopes to become …

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Zunaid Moti & The Money Men: Part One

Leaked documents show how the Moti Group became enmeshed in huge, possibly illicit, money-moving networks in South Africa and Zimbabwe. Seemingly artificial loans and investments were used to move hundreds of millions of rands across borders and through Moti’s companies. In Zimbabwe, at least some of the cash allegedly ended …

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