BUSINESS NEWS

National Foods volumes grow after US$22,7 million plant expansion

Following the commissioning of three new production plants by President Mnangagwa in Harare in May last year, National Foods Holdings Limited chief executive officer, Mike Lashbrook, says the company ...

POLITICS

Chinamasa defrauds R13 million in accident funds

An East London mother has told the Specialised Commercial Crimes Court that she spent years trying to recover compensation from attorney Manfred Chinamasa, but never received any payment before her so...

BUSINESS NEWS

OK Zimbabwe posts US$17,8 million loss

Troubled retail giant OK Zimbabwe has reported a US$17.8 million loss for the half-year period ended September 30, 2025, as management intensifies efforts to raise capital and stabilise operations.Pre...

POLITICS

Mahere urges action on US$98 million BEAM arrears

Former Mt Pleasant MP Fadzayi Mahere has called on Primary and Secondary Education Minister Torerayi Moyo to urgently address the US$98 million owed to schools through the Basic Education Assistance M...

BUSINESS NEWS

NetOne CEO cleared of US$1.2 million fraud charges

Harare Regional Magistrate Court has exonerated NetOne Chief Executive Officer, Engineer Raphael Mushanawani, from fraud allegations involving US$1.2 million.Eng Mushanawani had applied for the revoca...

POLITICS

Chivayo marks 45th birthday with US$5.3 million giveaway

Businessman Wicknell Chivayo celebrated his 45th birthday on Saturday with yet another extravagant show of wealth, announcing a US$5.3 million giveaway while holidaying in Seychelles.Chivayo travelled...

BUSINESS NEWS

Tagwirei to build multi-million-dollar complex for MSMEs

Newly co-opted Zanu-PF Central Committee member Dr Kudakwashe Tagwirei has announced plans to construct a multi-million-dollar complex at PaDust market in Hatcliffe as part of his drive to boost the g...

POLITICS

ZACC probes disappearance of US$4,5 million

The Zimbabwe Anti-Corruption Commission (ZACC) is investigating the disappearance of US$4,5 million from Harare Quarry, a subsidiary of the Harare City Council, amid growing public outcry over the all...

BUSINESS NEWS

Zimre launches US$1 million gated community

Property developer Zimre Property Investments (ZPI) has launched a US$1 million residential project in Selbourne Park, Bulawayo, featuring 56 fully serviced stands - a development hailed as a model ex...

SOCCER

Scottland FC to build US$30 million stadium

Premier Soccer League champions Scottland FC are set to embark on one of Zimbabwe's biggest private football infrastructure projects, with club president and founder Scott Sakupwanya announcing plans...

BUSINESS NEWS

National Foods injects US$8,6 million in Bulawayo

National Foods Group has invested US$8,6 million in upgrading its Bulawayo plants as part of a wider modernisation and expansion programme, with the agro-processing giant now positioning itself to en...

BUSINESS NEWS

US$2 million gold looted from Mutare river

An estimated US$2 million worth of gold has reportedly been looted from the Mutare River in Penhalonga over the past few months, with politically-connected cartels allegedly defying both court orders...

BUSINESS NEWS

OK Zimbabwe suffers US$25 million financial loss

Leading retail chain OK Zimbabwe Limited has reported a staggering US$25 million loss for the financial year ending March 31, 2025, as revenue plunged by more than half in what company chairman Herber...

BUSINESS NEWS

Zimbabwe tourism loses millions in airline ticketing scandals

Zimbabwe's tourism industry is losing hundreds of millions of United States dollars annually through massive leakages in airline ticket sales, according to a confidential Tourism Business Council of ...

BUSINESS NEWS

Kurotwi loses US$3.6 million unfrozen diamond funds appeal

The Supreme Court has dismissed an appeal by businessman Lovemore Kurotwi and his company Canadile Miners (Pvt) Ltd, ending a long-running legal battle over US$3.6 million originally belonging to the ...

BUSINESS NEWS

US$10 million gold scandal rocks Kwekwe mine

A sophisticated gold smuggling syndicate operating under the guise of legitimate mining in Kwekwe's Silobela area has siphoned off more than 120 kilogrammes of gold, worth over US$10 million, in unde...

ASIA PACIFIC

Millions celebrate Diwali festival in India

MILLIONS of Indians are celebrating Diwali, the festival of lights, one of Hinduism's most significant and widely observed festivals.While lamps and firecrackers light up homes and streets during the...

US cancels $500 million cobalt tender

The US Defense Department canceled a tender to buy cobalt, in a fresh sign of the challenges facing Western countries trying to bolster domestic supplies of the battery metal.The Defense Logistics Age...

POLITICS

Million man march

Fugitive war veteran Blessed Geza has declared plans to disrupt the Zanu-PF National People's Conference currently underway in Mutare by leading what he describes as a "Million Man March" against Pre...

POLITICS

Zanu-PF annual 'feast' to gobble US$4 million

The 22nd Zanu-PF Annual National People's Conference, scheduled to run from 14 to 18 October in Mutare, is projected to cost a staggering US$4 million, raising concerns about extravagance at a time wh...

BUSINESS NEWS

BAT injects US$8.1 million into Zim economy

British American Tobacco (BAT) Zimbabwe has announced that it contributed US$8.1 million to the national fiscus during the latest reporting period, reaffirming its role as a key supporter of the econ...

SOCCER

CAPS United unveils US$4.3 million sponsorship

Harare football giants CAPS United have landed a significant financial boost, unveiling a US$4.3 million sponsorship deal with Green Dollar Development Bank.The three-year agreement, set to begin in J...

BUSINESS NEWS

Hwange fires up US$8 million coke oven battery

Hwange Colliery Company Limited (HCCL) is set to ignite its newly refurbished US$8 million coke oven battery on Wednesday, marking a significant milestone in the company's industrial turnaround strate...

MINING & RETAIL

Mutapa injects US$5.3 million to revive Dorowa Mine

The government, through the Mutapa Investment Fund (MIF), has injected US$5.3 million to revive Dorowa Mine, a strategic move aimed at strengthening local fertiliser production, reducing reliance on ...

BUSINESS NEWS

Zimra loses ZiG2 million to businessman

A Harare businessman, Trevor Zibgwowa (35), appeared before magistrate Lisa Mutendereki on Tuesday facing charges of defrauding the Zimbabwe Revenue Authority (Zimra) of ZiG2 million through a failed...