Month: February 2025
Harare Mayor’s Admission Highlights Deeper Governance Crisis
Harare Mayor Jacob Mafume’s admission of governance failures at Town House reflects deeper structural issues within the city’s administration. His acknowledgment of poor service delivery comes amid revelations of irregularities, including his attempt to secure unauthorized mayoral perks. While his apology may be seen as an effort to reset his leadership, it raises questions about […]
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RBZ Strengthens ZiG and Banking Confidence in 2025 Monetary Policy
The Reserve Bank of Zimbabwe (RBZ) has announced new measures aimed at enhancing financial stability, increasing the use of the Zimbabwe Gold (ZiG) currency, and improving confidence in the banking sector. Key policy changes include adjustments to foreign currency retention for exporters, a maintained bank policy rate, and revised interest rates on deposits. Presenting the […]
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AFZ Pilot Dies in Gweru Aircraft Crash
Gweru – The Zimbabwe Defence Forces (ZDF) has announced the tragic death of Air Lieutenant Nesbert Tambudza, who perished when a Karakorum-8 (K-8) jet trainer aircraft crashed near Guinea Fowl in Gweru during a solo training flight. According to the ZDF statement, the accident occurred approximately five kilometers east of Guinea Fowl while the pilot […]
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New ZIFA Leadership Pledges Reform and Transparency
The newly elected Zimbabwe Football Association (ZIFA) executive committee, led by Nqobile Magwizi, has committed to restoring integrity and transforming football governance in the country. Meeting with the Sports and Recreation Commission (SRC) in Harare on Thursday, the leadership outlined its vision for Zimbabwe’s most popular sport, emphasizing transparency and corporate governance as key priorities. […]
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President Mnangagwa’s Call for Unity and Bold Leadership in Pursuit of Vision 2030
In a dynamic meeting with the Ministers of State for Provincial Affairs and Devolution, President Dr. ED Mnangagwa emphasized the need for bold leadership and collective responsibility in driving the nation toward its Vision 2030 goals. Held on the 5th of February 2025 at State House, the meeting served as a platform for reflection on […]
Read More Harare Mayor Mafume Faces Scrutiny Over False Testimony at City Council Commission of Inquiry
Harare Mayor Jacob Mafume is under investigation after his testimony before the Harare City Council Commission of Inquiry raised serious questions regarding the accuracy of his statements. The inquiry, which aims to investigate the affairs of the Harare City Council since 2017, took a surprising turn this Tuesday when it was revealed that Mafume had […]
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Kariba Dam Water Levels Improve After Recent Rains, Offering Hope for Power Generation
Kariba Dam’s water levels are on the rise following the recent rainfall in the region, bringing optimism for enhanced hydroelectric power generation in both Zimbabwe and Zambia. The Zambezi River Authority (ZRA) reported on Monday that the water level in the Kariba reservoir has increased to 476.39 meters above sea level, marking a 6.17% rise […]
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Harare Mayor Suspends Senior Council Official Amid Corruption Allegations
Tensions have reached a boiling point at Harare City Council (HCC) as Mayor Jacob Mafume suspends a top council official, Marara, who has accused him of engaging in nepotism and corruption. Marara’s claims of misconduct within the council have sparked a deeper investigation, with his testimony being heard behind closed doors during the ongoing Commission […]
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Simbisa Appoints Mudzengi as Group Finance Director
Quick-service restaurant group Simbisa Brands Limited has appointed renowned chartered accountant David Takudzwa Mudzengi as Group Finance Director, effective February 1, 2025. Mudzengi succeeds Baldwin Guchu, who stepped down from the position effective January 1, 2025. The company announced the change in a notice to shareholders. “The Board is pleased to announce the appointment of […]
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National Foods Limited voluntarily terminate VFEX listing
National Foods Limited has voluntarily delisted its ordinary shares from the Victoria Falls Stock Exchange (VFEX), effective January 31, 2025.THE VFEX advised the investing public in a notice. In December last year, the company’s shareholders approved a resolution to voluntarily delist from the VFEX, in line with Section 11 of the VFEX Listing Requirements. An […]
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