Business Corruption Discussion News 

Banks In Trouble As New Zimbabwe Currency Floods Black Market A Day After Release

“The @ReserveBankZIM is always wrongly accused of channelling cash to the black market. That’s a false accusation. The real culprits are banks. Bank Managers are the culprits here.The Reserve Bank is complicit because they DON’T penalize these rogue banks. That’s disappointing,” said one Kudzai Mutisi. “While I don’t exonerate bank managers the RBZ has over the years been buying foreign currency… Read More
Business Corruption Discussion News 

SEE PIC: “Ecocash Agent” Displays Huge Amounts Of Cash

A picture of an “Ecocash Agent” trading at “an undesignated site” is making rounds on social media. The picture portrays a man sitting behind a wooden table. On top of the table, the man is displaying cash, notes and coins, something Ecocash would deem unsafe. Usually, Ecocash Agents are found in booths orshops which are recommended for safety reasons. The… Read More
Corruption News Opinions Politics 

Mnangagwa ally lays into minister

A Zanu-PF youth leader has accused a deputy minister of sabotaging President Emmerson Mnangagwa’s economic reforms by refusing to embrace the local currency, in yet another sign of widening rifts in the ruling party. Lewis Matutu, the deputy secretary for youth affairs and close ally of Mnangagwa from the Midlands, claimed Industry deputy minister Raj Modi’s businesses were charging in… Read More
Corruption News Opinions Politics 

ED’s Advisor Attacks State Capture, Corruption & Bad Governance

A member of the Presidential Advisory Council (PAC), Shingi Munyeza, said that bad governance and corruption, among other vices, have to go if Zimbabwe is to succeed. Speaking to the Daily News on Friday, the clergyman revealed that he is not a fan of marches and prefers dialogue instead. He said: I believe that bad governance, corruption, lack of constitutionalism and state capture are… Read More
Corruption News Opinions Politics 

Mliswa Slams Govt For Wasting Money

Outspoken Member Of Parliament for Norton Constituency, Temba Mliswa (Independent), says the government of Zimbabwe should not continue wasting millions of dollars on useless lobbying firms in the United States of America. Mliswa made the remarks in Parliament last week where he argued that the money being given to the Public Relations firms should be channelled towards the provision of… Read More
Corruption Courts & Crimes News Politics 

Obert Mpofu lawsuit headache for Mnangagwa

President Emmerson Mnangagwa faces a headache over the legal action taken by Zanu-PF secretary for administration Obert Mpofu against the party’s youth league deputy secretary Lewis Matutu where the former mines minister is suing the youth leader with a $10 million defamation suit. The suit emanates from a press conference addressed by Matutu at the Zanu-PF headquarters in Harare in… Read More
Business Corruption Development Discussion News 

ZW$1 billion for 100km stretch of Chirundu-Beitbridge Highway rehabilitation

THE rehabilitation and widening of a 100-kilometre stretch of the Harare-Masvingo-Beitbridge highway will cost tax payers over ZW$1 billion, documents gathered by Zim Morning Post reveal. This publication understands there are five companies hand-picked by the Joel Biggie Matiza-run Transport and Infrastructural Development ministry under what was termed “restrictive tender”. The five companies, which include Fossil, Tensor Systems, Masimba Construction and Bitumen and Exodus & Company, have been… Read More
Business Corruption News 

Zimbabwean tycoon’s children lose 13 firms

A Harare tycoon’s children might have lost control of at least 13 companies after a relative allegedly forged their signatures on registration documents following his death in 2017 amid suspicion of corrupt activities at the Registrar of Companies. Victor Cohen, who was the founder of textile giant Waverley Blankets, had made two of his daughters Amanda Berkowitz and Belynda Halfon,… Read More
Corruption News Politics 

Zanu PF illicit forex deals exposed

Zanu PF bought its fleet of luxury vehicles and colourful regalia used during last year’s election campaign through a company that was recently blacklisted by the Reserve Bank of Zimbabwe (RBZ) for allegedly fuelling the illegal trade in foreign currency, it has been revealed. By Blessing Mhlanga According to a leaked document authored by Spartan Security protesting the freezing of… Read More