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 …
Read More »Police, Seed Co Warn Of Fake Seed Being Sold Countrywide
Zimbabwe’s primary maize seed manufacturer, Seed Co, is warning farmers that counterfeit maize seed bearing the company’s name is being sold countrywide. The company has now sought help from the police to identify individuals behind the scam, and shops that are selling the fake seed. In a statement on Monday, …
Read More »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 …
Read More »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 …
Read More »US$300 Million Kariba Dam Rehabilitation Project Delays Irk Financiers
Development partners financing the nearly US$300 million Kariba Dam Rehabilitation project have expressed concern over delays in completing expansion works at the lake after the Zambezi River Authority (ZRA) missed the completion deadline by four years, resulting in rising costs. Kariba, the largest man-made lake in the world by water …
Read More »Winky D, Jah Prayzah Pay Tribute To Garry Mapanzure
Top artistes Winky D and Jah Prayzah took time to pay tribute to the late singer and rapper Garry Mapanzure during their performances at the Kadoma Music Festival on Saturday night. Jah Prayzah was the first of the two to perform, clad in a white T-shirt with Mapanzure’s face on …
Read More »Warriors To Host Nigeria In Rwanda For FIFA 2026 World Cup Qualifier
The Zimbabwe Warriors are set to play their FIFA 2026 World Cup home qualifier match to Nigeria in Rwanda following a ban imposed on the National Sports Stadium by the Confederation of African Football (CAF). The qualifiers begin this November. Zimbabwe are in Group C of the 2026 Fifa World …
Read More »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 …
Read More »‘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 …
Read More »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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