Author: Kelvin Matore

The last batch of stands at Pomona City is selling fast ahead of the introduction of the novel leasehold scheme to be launched next year. WestProp’s chief sales and marketing officer, Ms. Marilyn Mosha, who interfaces with buyers at the estate, is happy with the sales and progress on the construction of asphalt roads at Pomona City. These roads will soon allow close to 600 stand owners to start building their homes in the live, work, shop, and play-themed estate. “The site is taking shape. The road works are progressing well. We now have fewer than 120 stands remaining,” she…

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Inter Crest Capital, a registered micro-finance company, has been ordered to repay US$81,139 to an investor following the collapse of a pyramid scheme. Auxilia Goromonzi reported that she invested US$27,000 in 2022 and an additional US$67,200 by January 2023. She took the company’s directors, Precious Kwashirai and Roselinda Chopera, to the High Court, demanding the total amount plus interest. In her court documents, Goromonzi stated that Kwashirai and Chopera convinced her to invest with the promise of a 10 percent monthly return. You May Like: Bogus Employer Arrested for Raping Two Job Seekers The agreement also allowed Goromonzi to withdraw her…

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Zimbabwe Anti-Corruption Commission (ZACC) suffers major setback in Wadyajena case, ordered to return seized property In a damning Supreme Court ruling last Friday, Justice Mayor Wadyajena has been exonerated after a prolonged legal battle against ZACC. The court upheld a previous high court decision, denouncing ZACC’s unlawful detention of Wadyajena’s extensive assets, including 25 trucks, a Lamborghini Urus, and a BMW X6M. The Commission had seized these assets two years ago, alleging their connection to embezzlement from The Cotton Company of Zimbabwe (COTTCO). Despite the collapse of the case due to lack of evidence, ZACC persisted, claiming unrelated investigations justified…

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The Africa Risk Capacity (ARC), an agency of the African Union, has provided Zimbabwe with US$32 million to mitigate the effects of the El Nino-induced drought, Business Times reports. The funds are expected to benefit at least 508,500 households across 27 districts in the country. The Government of Zimbabwe received US$16.8 million, while the World Food Programme and Start Network were allocated US$6.1 million and US$8.9 million, respectively. During the Africa Risk Capacity Drought Insurance payout ceremony held in Harare on Thursday, Minister of Finance, Economic Development, and Investment Promotion, Professor Mthuli Ncube, highlighted the significance of the event in…

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A video circulating online has captured a dramatic confrontation between popular DJ Rimo and a slay queen, who accused him of refusing to pay for her services. The incident, which quickly went viral, shows the woman publicly confronting DJ Rimo and demanding the agreed-upon payment. In the video, the visibly upset woman is seen speaking to bystanders who gathered to witness the commotion. She explained that Rimo, known as the late Genius Ginimbi Kadungure’s best friend, had solicited her services. However, after spending time with her, he allegedly refused to pay the agreed amount, leading to a heated public argument.…

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President Emmerson Mnangagwa has announced plans to replace the US dollar with the Zimbabwe Gold (ZiG) as the nation’s sole currency. Speaking in Mutare on Thursday, he highlighted the need for self-sufficiency to avoid potential foreign interference. “We can’t keep relying on someone else’s currency. It’s like being in a loveless marriage. Biden doesn’t care about us, so we can’t depend on his money. What if they decide to sabotage us? That’s why we now have the ZiG,” Mnangagwa stated. Economist Professor Gift Mugano advised caution, emphasizing the need for meticulous planning before implementing a new currency. He stressed the…

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Farai Zimbango, the CEO of Fachs Group, which owns several companies including Fachs Financial Services, Fachs Insurance Brokers, Fachs Consulting, Fachs Corporate Training, and Fachs International College of Business, is facing serious allegations. Zimbango holds a degree in Risk Management and Insurance from Zimbabwe’s National University of Science and Technology and a Master’s in Business Leadership from the University of South Africa. One of his companies, Fachs International College of Business, has come under negative scrutiny. Media reports claim that Zimbango is allegedly “conning” individuals. Etv’s investigative program, Checkpoint, received a tip-off and discovered that Zimbango is running the college…

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