OPINION

Zimbabwe's mineral wealth a curse for communities

Deputy Minister of Finance, Economic Development and Investment Promotion, Kudakwashe David Mnangagwa, recently highlighted a staggering global challenge: illicit financial flows rob Africa of an esti...

By Staff reporter | Published: 25 September 2025

BUSINESS NEWS

Zimbabwe shelves wealth tax

The Zimbabwean Government has temporarily put on hold the implementation of its wealth tax, pending completion of necessary administrative and legislative adjustments, Finance, Economic Development an...

By Staff reporter | Published: 15 September 2025

MINING & RETAIL

Zimbabwe's diamond wealth enriches elites

For decades, diamonds have been celebrated as symbols of wealth and transformation — precious stones capable of reshaping entire nations. But in Zimbabwe's diamond-rich fields, the reality for local...

By Staff reporter | Published: 24 August 2025

POLITICS

Zanu-PF warned against donating the party to wealthy elites

A senior government official has cautioned against allowing wealthy individuals to manipulate Zanu-PF structures through their donations, warning that the revolutionary party risks straying from its i...

By Staff reporter | Published: 22 July 2025

BUSINESS NEWS

Illegal lithium exports undermine Zimbabwe's mineral wealth

In 2023, Peter, a truck driver, approached a border checkpoint between Zimbabwe and Mozambique carrying a sealed container he believed held chrome, a mineral listed on the shipment paperwork. Having t...

By Staff reporter | Published: 10 July 2025

POLITICS

Britain objects to Zimbabwe's return to Commonwealth

Zimbabwe's bid to rejoin the Commonwealth has hit a stumbling block, with British objections delaying the southern African nation's re-admission, Foreign Affairs Minister Amon Murwira revealed in Parl...

By Staff reporter | Published: 22 June 2025

BUSINESS NEWS

Zimbabwe completes Commonwealth re-admission steps

Zimbabwe has successfully completed all the procedural steps required for re-admission into the Commonwealth and is now awaiting further direction from the organisation's secretariat, a senior governm...

By Staff reporter | Published: 20 June 2025

POLITICS

'Chivayo's source of wealth must be investigated'

Former legislator and opposition activist Amos Chibaya has called for a thorough investigation into businessman Wicknell Chivayo's source of wealth, stating that the probe is long overdue. Chibaya rai...

By Staff reporter | Published: 08 May 2025

OPINION

Unexplained wealth orders here to stay

THE proposed introduction of a free-standing procedure which compels an individual to explain the source of his wealth is a radical development in English law. For instance, the human rights and polit...

By Prosper Simbarashe Maguchu | Published: 12 July 2019

BUSINESS NEWS

Zimbabwe's Ill-gotten wealth Bill to be gazetted

A BILL to empower the State to seize ill-gotten wealth is expected to gazetted on Friday before the legislative process commences in Parliament next week, a Cabinet Minister has said. The crafting of ...

By Staff reporter | Published: 11 June 2019

BUSINESS NEWS

Zimra couple ordered to explain source of wealth

THE High Court has given a Harare couple employed by the Zimbabwe Revenue Authority (Zimra) 30 days to explain the source of their wealth, failing which their properties valued at $762 000 will be for...

By Staff reporter | Published: 25 April 2019

POLITICS

UK to block Harare's Commonwealth return

Britain's minister for Africa Harriett Baldwin says her country supports an extension of EU sanctions against Zimbabwe and will not back its plan to return to the Commonwealth.The frosty relationship ...

By Business Day | Published: 06 February 2019

POLITICS

Mnangagwa's Commonwealth bid hits snag

PRESIDENT Emmerson Mnangagwa's bid to rejoin former British colonies' club, the Commonwealth, as part of his re-engagement efforts with the West, appears to have hit a snag after the ex-colonial maste...

By Staff reporter | Published: 25 January 2019

BUSINESS NEWS

Zimra targets ill-gotten wealth

GOVERNMENT has directed the Zimbabwe Revenue Authority (Zimra) to widen revenue collection measures including pursuing individuals who evade paying taxes. This was said by Secretary for  Finance ...

By Staff reporter | Published: 21 December 2018

BUSINESS NEWS

Mthuli Ncube to set up sovereign wealth fund

Finance and Economic Development minister Mthuli Ncube has proposed setting up a sovereign wealth fund (SWF) to help boost economic growth, but the plan is being hampered by a critical funding shortfa...

By Staff reporter | Published: 20 December 2018

AFRICA BUSINESS

South African billionaire defends white wealth

Johann Rupert, South Africa's second-richest man with a $6.3 billion fortune, spoke out to defend the stranglehold white people still have over the economy more than two decades after the end of apart...

By Bloomberg | Published: 06 December 2018

BUSINESS NEWS

Buyanga to bring wealth to Zimbabwe

South Africa-based Zimbabwean businessman Frank Buyanga, yesterday said his main focus was to bring wealth into the country as it was possible to make Zimbabwe the wealthiest per capita state in the w...

By Staff reporter | Published: 11 September 2018

POLITICS

Mnangagwa hailed for dumping 'wealthy ministers'

WAR veterans secretary-general and newly-appointed War Veterans deputy minister Victor Matemadanda has hailed President Emmerson Mnangagwa for dumping some of the long-serving ministers whom he descri...

By Staff reporter | Published: 10 September 2018

POLITICS

Commonwealth drops bombshell on Chamisa's demands

THE Commonwealth election observer mission to Zimbabwe yesterday dropped a bombshell, describing electoral reform demands by opposition MDC Alliance presidential candidate Nelson Chamisa ahead of Mond...

By Staff reporter | Published: 26 July 2018

POLITICS

Zanu-PF holds talks with Commonwealth team

Zanu-PF yesterday hosted a Commonwealth delegation which is in the country to assess preparedness for harmonised elections set for July 30.The team was deployed to Zimbabwe on an assessment mission be...

By Staff reporter | Published: 06 June 2018

POLITICS

Commonwealth poll assessment team in Zimbabwe

A seven-member Commonwealth membership assessment team is on a five-day visit to observe the pre-election environment as part of a broader informal assessment of the situation in the country after Zim...

By Staff reporter | Published: 05 June 2018

POLITICS

Commonwealth delegation Zimbabwe-bound

COMMONWEALTH secretary-general Ms Patricia Scotland will "imminently" dispatch a high-level delegation to Zimbabwe to assess the country's eligibility to rejoin the group following the country's expre...

By Staff reporter | Published: 28 May 2018

POLITICS

Zimbabwe applies to rejoin Commonwealth

Zimbabwe has applied to rejoin the Commonwealth, the group said on Monday, marking a major step in the country's international re-engagement after Robert Mugabe was ousted last year.Mugabe angrily pul...

By AFP | Published: 21 May 2018

BUSINESS NEWS

Zimbabwe to start $3.5 billion wealth fund

Zimbabwe may start a sovereign wealth fund or issue an export-related bond after elections that are slated for July, Deputy Finance Minister Terence Mukupe told the southern African nation's state-bro...

By Bloomberg | Published: 25 April 2018

POLITICS

Zim denied Commonwealth observer status

FOREIGN Affairs and International Trade minister Sibusiso Moyo will today make a presentation at a breakfast meeting on the sidelines of the Commonwealth Heads of Government Meeting (CHOGM) in London ...

By Staff reporter | Published: 20 April 2018
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