A HARARE man has been nabbed on allegations of swindling President Emmerson Mnangagwa’s son, Sakhile, of over US$60 000 in a botched vehicle supply deal. Farai Chitagu, a manager at Monicho Investments, was not asked to plead to allegations of theft of trust property when he appeared before Harare magistrate Denis Mangosi yesterday. Chitagu was…
PUNDUTSO Capital, a venture capital company with a mandate to assist start-up companies and small businesses owned by young people, will be officially launched by Reserve Bank of Zimbabwe governor John Mangudya, during the CEO Roundtable 2021, which will run in Victoria Falls from October 27 to 29. Addressing the media in Harare yesterday, CEO…
THE chaos ravaging the country’s opposition has plumbed new lows, with the MDC set to recall a further seven of its legislators from Parliament and dozens of councillors around the country. Among those targeted for the dreaded chop in the latest instalment of the senseless bloodletting gutting the country’s main opposition are Zengeza West MP…
THE government has further relaxed national Covid-19 prevention measures by allowing licensed bars and nightclubs to open for vaccinated revellers, albeit at the same time extending the Level 2 lockdown regulations by a further two weeks. Addressing a post-Cabinet media briefing in Harare yesterday, Information minister Monica Mutsvangwa said the government had taken note of…
THE Reserve Bank of Zimbabwe (RBZ) has continued its blitz on alleged parallel market currency manipulators by blacklisting 47 more individuals it claimed are responsible for the spike in black market rates. This comes as last week RBZ governor, John Mangudya announced that the central bank’s Financial Intelligence Unit (FIU) had identified 30 individuals accused…
FORMER Cabinet minister Ignatius Chombo, pictured, who is accused of fleecing home seekers in land deals, has been removed from remand after the State failed to bring him to trial. Harare regional magistrate Stanford Mambanje yesterday said the State would have to issue summons to Chombo whenever they are ready to proceed to trial on fraud…
THE Constitutional Court (ConCourt) has upheld the Supreme Court ruling confirming Zanu PF member Dexter Nduna as the duly-elected legislator for Chegutu West constituency in the 2018 elections. This comes after MDC parliamentary candidate Gift Konjana challenged the Zimbabwe Electoral Commission (Zec)’s declaration of Nduna as the winner. However, Con-Court judges Paddington Garwe, Anne Mary…
RIOZIM Limited says it will prioritise the completion and commissioning of its Biological Oxidation (BIOX) plant project before the close of the financial year to December 31 to increase gold production. This comes after the group suffered a further inflation adjusted loss of US$1,4 billion for the half year to June 30, 2021 from $77,4…
THE MDC faction led by Nelson Chamisa, has been hit by major fresh turbulence after he recently made contentious new appointments to his leadership team that insiders claim are aimed at decimating a rival group led by one of his deputies, Tendai Biti. In making the disputed appointments, Chamisa now also stands accused of violating…
AS UGLY infighting escalates in Zanu PF, the party has ordered a re-run of some of its district elections across the country after these were marred by violence and irregularities. This comes after Zanu PF also recently suspended indefinitely its provincial elections, owing to factional fights — which means that the party is now racing…
