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Nigeria’s Babangida Aliyu to Stand Trial for Corruption

Nigeria’s Babangida Aliyu to Stand Trial for Corruption

The Nigeria Security and Civil Defence Corps (NSCDC) on Monday deployed 95 personnel to beef up security at Minna High Court as the Economic and Financial Crimes Commission (EFCC) looked set to arraign former Governor Babangida Aliyu on Tuesday. Mr. Aliyu, who served between 2007 and 2015, is expected to be arraigned for alleged N5 […]

Salvaging NRZ, Zisco and Hwange Colliery from total collapse

Salvaging NRZ, Zisco and Hwange Colliery from total collapse

Meanwhile, the minimum wage levels in the rest of the region only increased at average annual rates way below that level — 19 percent in Zambia, 6,3 percent in South Africa, 5,9 percent in Mozambique and only two percent per year in Botswana over the same period. While wage levels increased disproportionately in Zimbabwe, regional […]

US$15 million ‘siphoned’ from gold miner Freda Rebecca as Zimbabweans suffer

US$15 million ‘siphoned’ from gold miner Freda Rebecca as Zimbabweans suffer

More than US$15 million could have been siphoned from gold miner Freda Rebecca (formerly Mwana Africa) through a series of underhand dealings by its new owners, insiders have alleged. Freda Rebecca is a unit of Asa Resources. At the centre of the allegations is Mr Yat Hoi Ning, who was board chair at Freda Rebecca until last […]

Abuse at NRZ: Sits on $150m real estate: Asset register in shambles

Abuse at NRZ: Sits on $150m real estate: Asset register in shambles

THE rundown National Railways of Zimbabwe (NRZ) is sitting on countrywide real estate estimated to be worth more than $150 million, with the potential to raise at least $5 million in rentals monthly. According to information The Chronicle has pieced together in an in-depth investigation, the countrywide properties include guest houses in the country’s low […]

National Railways of Zimbabwe to seek private partnerships

National Railways of Zimbabwe to seek private partnerships

The cabinet has given the nod for the National Railways of Zimbabwe (NRZ) to look for private partnership in its recapitalisation drive in a move that could see the ailing parastatal turning around its fortunes for better. The move has given the ailing NRZ a fresh impetus. Addressing journalists in Bulawayo, NRZ board chairman Mr […]

African leaders must address problems hindering development of Africa’s natural resources

African leaders must address problems hindering development of Africa’s natural resources

This year’s Tana High-Level Forum on Security in Africa, which will take place on April 22 and 23, will focus on natural resources governance in Africa. Africa’s rich natural resource endowment has long been at the heart of both the continent’s many violent conflicts and its hopes for prosperity, so the stakes are high. The resources […]

Zanu PF national political commissar Saviour Kasukuwere’s fate up to Mugabe’s mercy

Zanu PF national political commissar Saviour Kasukuwere’s fate up to Mugabe’s mercy

Under-fire Zanu PF national political commissar Saviour Kasukuwere’s fate is now up to President Robert Mugabe’s mercy, analysts said yesterday. This comes as the chorus for his ouster is getting louder, as seven provinces have so far demanded his ejection from the ruling party, with the Mashonaland East provincial executive council on Wednesday becoming the […]

Two Oil Giants Could Face Trial in Italy Over Nigerian Deal

Two Oil Giants Could Face Trial in Italy Over Nigerian Deal

This Thursday a Milan court is to decide whether to go ahead with criminal proceedings against the oil giant Shell and its Italian partner ENI in connection with the purchase of the rights to a Nigerian oil field. “Etete can smell the money. If, at 70 years old, he does turn his nose up at […]

Zimbabwe State Tender Procurement Board CEO Charles Kuwaza Commits Suicide by Jumping From 9th Floor Building

Zimbabwe State Tender Procurement Board CEO Charles Kuwaza Commits Suicide by Jumping From 9th Floor Building

Top civil servant and former State Procurement Board (SPB) chairperson Charles Tawonerera Kuwaza died early today in a case of suspected suicide. Mr Kuwaza reportedly leapt to his death from the 9th floor of Club Chambers building in Harare. It is said he was collecting documents to help with his defence in a matter before […]

South Africa’s Lieutenant-General Matakata To Head Crimes Unit

South Africa’s Lieutenant-General Matakata To Head Crimes Unit

The newly appointed acting head of the Directorate for Priority Crime Investigation (the Hawks), says she will make sure the unit combats serious commercial crimes and corruption. Lieutenant General Yolisa Matakata told reporters on Thursday that she would ensure that the Hawks continued to deliver on the mandate given to the unit by government. “We […]

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