Britain has imposed sanctions on businessman Kuda Tagwirei, saying the payments his company Sakunda received for Command Agriculture had undermined Zimbabwe’s economy. The United Kingdom’s Foreign and Commonwealth Office (FCO) accuses Tagwirei of “profiting...
Padenga’s decision to list on the Victoria Falls Stock Exchange (VFEX) was a win for the new bourse and Finance Minister Mthuli Ncube’s incentive scheme, but the country’s biggest broker says it deprived local investors of a...
Rwanda has sent troops into Mozambique, but disagreement between regional leaders over the deployment threatens efforts to put down the insurgency in Cabo Delgado. On July 9, Rwanda announced it was sending 1000 soldiers...
The Competition and Tariff Commission (CTC) is assessing a 2020 strategic alliance between Dairibord and Tavistock, its largest raw milk supplier. The transaction is one of the applications that the CTC was considering in...
Zimbabwe on Thursday received two million more COVID-19 vaccine doses bought from Sinovac, pledging to ramp up a vaccination campaign that is under pressure from rising demand for shots.The latest delivery means Zimbabwe has now bought 3.2...
On Tuesday, Kuvimba Mining House came out to declare: “We have nothing to do with Kuda Tagwirei.” Nobody is buying that, and Kuvimba and the government shouldn’t even be trying to sell us that line.
Kuvimba Mining House has again insisted it has nothing to do with businessman Kuda Tagwirei, after email leaks by a former director showed how the businessman orchestrated the company’s formation.   Sentry, an American...
By John Kachembere Zimbabwe has made strides in curbing illicit financial flows (IFFs), but a more coordinated approach by the country’s many anti-corruption agencies is needed to stop the bleeding, analysts say.
The Industrial and Commercial Bank of China (ICBC), the world's largest bank by assets, has come under pressure to withdraw funding from Zimbabwe’s planned 2,800MW coal-fired power plant at Sengwa. This leaves what...
Zimbabwe faces prolonged power outages after a surge from South African electricity imports overloaded its network and caused generating plants to fail, Energy Minister Zhemu Soda said. The surge caused a nationwide blackout in...
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