Source: Zimbabwe’s $20bn of “Disappeared” Diamonds (IDEX Online) – Corruption in Zimbabwe has cost the country at least $20bn in “disappeared” rough diamonds, according to veteran economist and former member of parliament Eddie Cross. He accuses the late Robert Mugabe, who served as prime minister from 1980 to 1987, of personally helping himself to $1.3bn […]
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Monthly Archives: July 2024
Zimbabwe State miner seeks $150m to boost gold output
Source: Zimbabwe State miner seeks $150m to boost gold output Zimbabwe’s largest gold producer is negotiating with potential partners for a $150-million investment to boost production at its Shamva mine by 50%. Photo by Bloomberg Kuvimba Mining House, 65% owned by the State, has already undertaken feasibility study for a large-scale mine and processing plant, according to acting Chief Executive […]
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Misgovernance doubles in SoEs, parastatals
Source: Misgovernance doubles in SoEs, parastatals –Newsday Zimbabwe In the report, Kujinga said there was a significant increase in governance issues, from 170 to 310, highlighting weak internal controls, unsupported expenditure, non-compliance with tax laws and lack of internal audit arrangements. ACTING Auditor-General Rhea Kujinga has revealed that misgovernance nearly doubled in State-owned enterprises (SoEs) […]
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Siblings aged 14 and 4 dead after inhaling smoke from burnt rice: police
Neighbours rushed to Kuwadzana Extension home after observing smoke after stove with pot of rice was left on
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Car dealers duck MPs over undelivered vehicles to government departments
Parliament’s public accounts committee says to summon 4 car dealerships exposed by Auditor General
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Econet reports big jump in data usage, surge in mobile money customer growth
Business Reporter ECONET Wireless Zimbabwe has reported significant growth in both data and voice usage, with increases of 74 percent and 46 percent respectively for the first quarter ending May 31, 2024, compared to the same period last year. In its latest trading update, the technology and telecommunications firm said data and voice revenue now […] …
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Kuvimba may sell 40 percent stake in Shamva gold mine to raise capital
‘We could accept someone who could take a big chunk of shareholding in Shamva but not a majority stake’
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Econet Victoria Falls marathon gives local economy shot in the arm – hotels, lodges and businesses thrive during popular event
Chronicle Writer THE 2024 Econet Victoria Falls Marathon, which took place in the resort town a little over a week ago, has given a big boost to the local economy, with businesses reporting unprecedented levels of activity and a revenue boost believed to run into hundreds of thousands of dollars. Hotels, lodges and Airbnbs in […] …
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Hip-Hop artiste Reaper VLAD seeks to inspire young generation
Mthabisi Tshuma, revmmthiretshuma@gmail.com Hip-hop musician Reaper VLAD has set his ambitions on becoming a beacon of inspiration for the young generation through releasing works that encourage them to be focused individuals. Reaper VLAD’s unique blend of electronic beats and conscious rap is making waves in the music world. The rapper is changing the face of […] …
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Emerging musician Frea_K ready to make a name
Mthabisi Tshuma, revmmthiretshuma@gmail.com Up-and-coming musician Frea_K feels it is the right time to make a name and start producing quality music for various genre enthusiasts after having being on the sidelines for a while now. The artiste (real name Jeffrey Kuvarega) focuses on inspirational songs, gospel, and love-oriented through the Afro-pop, hip-hop, and dancehall genres. […] …
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