Electricity payments in forex remain a challenge: Nampak

HARARE - (Finx) - Packaging manufacturer, Nampak Zimbabwe says settlement of electricity bills in foreign currency is milking the industry as it does not...

Marry faces six charges of money laundering and fraud

XOLISANI NCUBE The embattled wife of Vice President Constantino Chiwenga, Marry Mubaiwa, faces at least six charges of money laundering and fraud as well as...

Marry Chiwenga picked up for questioning by ZACC

Xolisani Ncube THE Zimbabwe Anti-Corruption Commission on Saturday is reported to have picked up Marry Chiwenga, the embattled wife to Vice President Constantino Chiwenga for...

Passport reprieve for “Ginimbi”

Munyaradzi Doma Flamboyant business Genius “Ginimbi”Kadungure, who is facing counts of prejudicing the Zimbabwe Revenue Authority of $3.8m, had his passport temporarily released for him...

Killer T courts Sulu…

Tawanda Marwizi Dancehall musician Kelvin Kusikwenyu popularly known as Killer T has released a singles collection titled “Hope Dzeumambo” which could be the next hit...

Mtsambiwa fights back; demands Tongaat Hulett retraction, claims US$500 000 damages

HARARE – (FinX) – Former Hippo Valley Estates chief executive Sydney Mtsambiwa has demanded a retraction of the statements contained in Tongaat Hulett’s accounting...

Grace Mugabe relocates to Zvimba

Xolisani Ncube Former First Lady Grace Mugabe has reportedly relocated to Zvimba to oversee construction works amid indications that the family was planning to turn...

Sakunda sweats over US$50 million debt

Staff Writer Kudakwashe Tagwirei’s Sakunda Holdings is sweating over US$48 million that it owes to its London-Stock Exchange listed technical partner, Aggreko accumulated from the...

Mugabe’s estate: Who is fooling who?

Tawanda Marwizi/Xolisani Ncube Throughout his political career, Robert Mugabe outfoxed his rivals both within and outside his party. His long rule was a subject of...

The agony of Nyaminyami district teachers

Tawanda Marwizi KARIBA is not only one of Zimbabwe’s premier tourist destinations but ranks among Africa’s best. Famed for its beauty and wide range of tourist...

US$100k for NCDs population based survey

Munyaradzi Doma The Harare City Council has secured US$100 000 from the Bloomberg Foundation for a population-based survey on the prevalence of non-communicable diseases (NCDs)...

Liquid Telecoms rolls out free wifi for tertiary institutions

Staff Writer Liquid Telecom has  rolled out free Wi-Fi across 48 higher and tertiary learning institutions in Zimbabwe as part of its long-term initiatives to equip citizens across Africa with digital age access and skills. Liquid Telecom Zimbabwe, part of the leading pan-African...

Stocks snap losing streak as Old Mutual activity boosts trading value

HARARE – (FinX) – The stock market snapped a five-day losing streak in midweek trades but only just marginally after recovery from select heavyweight...

Struggling manufactured exports, historical imbalances, Zimstat anomalies as trade deficit narrows

HARARE – (FinX) Zimbabwe narrowed its trade deficit in the year to October to US$296.42 million from US$743 million in September after improved exports...

MDC’s Mamombe applies for refusal of further remand

Munyaradzi Doma MDC-A legislator Joanah Mamombe, who is facing allegations of subverting a constitutional government, has applied for refusal of further remand arguing that she...

Shelter Afrique approves US$20m for  housing finance

Farai Mabeza PAN-AFRICAN housing finance institution, Shelter Afrique, approved a total of US$20m for Zimbabwean housing finance providers during the year, managing director Andrew Chimphondah...

Chiyangwa loses property worth ZWL$400k

Munyaradzi Doma A security guard at flamboyant businessman Philip Chiyangwa’s house along Crowhill Drive in Borrowdale has been arrested for allegedly stealing goods worth over...

Shelter Afrique, Govt in 3 000 houses deal

Farai Mabeza Government and Pan-African housing finance institution Shelter Afrique are in the process of designing an agreement to build 3 000 low cost housing...

ZSE signs MoU to establish receivables exchange platform

Staff Writer The Zimbabwe Stock Exchange Limited (ZSE) has inked an agreement with the Harare Receivables Exchange Limited (HRE) expected to eventually lead to the...