news and current affairs.
Zimbabwe Telecom Rules Under Fire Says Digital Boss
Zimbabwe needs one agency to oversee all digital matters, says the telecom watchdog chief. Dr. Machengete told a Harare meeting that old rules cannot handle new tech changes. He wants to combine control of TV, phone, and web services under a single group. Zimbabwe has already built 120 fast 5G towers, but country parts still lack good service. The meeting brought together tech makers, officials, and business leaders to discuss going digital faster. Many asked for quick law changes and ways to help everyone join the digital world. The current setup has many different offices handling separate parts of tech with rules that clash or miss new problems. The proposed plan would cut wasted work and make things clearer for companies that want...
ZiG Currency Shakeup Leaves Firms Scrambling
Zimbabwe firms struggle with money reports as the government pushes the Zimbabwean currency. First Mutual needs until May 31 to finish its 2024 money papers. Their auditors must review all dollar figures changed to ZiG amounts. The central bank told all market companies in February to use ZiG for reports right away. Many businesses had switched to US dollars because most people pay with them. The bank claims ZiG deals are growing, but companies find the change hard to manage. Delta Corporation and other large firms must redo their math despite doing most business in dollars. Auditors need extra time to check these numbers. The bank also cut the amount of foreign cash exporters can keep, causing more problems for businesses that pay...
GLE Recall Sends Mercedes Fans into Panic
Zimbabwean car owners need to check their Mercedes SUVs for safety problems. The Consumer Protection Commission warns about a fault in certain GLE models made between 2022 and 2025. The issue affects the vehicle's electric starter system and might cause the car to lose power without warning when driving. South African officials flagged this problem on April 7, noting that cars went to Zimbabwe and nearby countries. Anyone with this Mercedes model should visit an authorized dealer right away for free repairs. The dangerous flaw happens when the car's computer wrongly thinks something is broken and shuts off an important part. Car owners can call Mr. Mudereri at 0719176506 or Mr. Sibanda at 0719176473 for more details about fixing their...
Zimre Profit Roars to 10M on Dollar Switch
Zimre Holdings made $10.33 million in profit last year, up 471% from 2023. The company did well because it spread its business across different countries and made smart insurance choices. Their insurance money jumped 24% to $61.86 million thanks to life insurance, local backup coverage, and work in Mozambique. Their total cash flow hit $88.02 million, with most of it in US dollars. The company switched to using US dollars for all money matters in January 2024 to avoid problems with Zimbabwe's money troubles. Their assets grew to $208 million, and they gave shareholders a bigger dividend than last year. Zimre plans to expand to Africa, list one company on the Botswana stock market, and start a real estate trust this year. They also...
Harare Tycoon Swindles Cop in Fake Merc Deal
Police officer Gloria Chikoko handed her Toyota Noah to a Harare businessman who never delivered the promised Mercedes-Benz. Nicholas Misodzi, 42, from Gunhill, Chinhoyi, faces fraud charges at the Harare courts alongside his company, Niro Asset Group. Two men acting as sales agents convinced Chikoko to trade her $4,100 vehicle for a luxury car that would arrive within two months. The deal happened on May 4, 2016, when Chikoko met with Misodzi at his Harare office. After the waiting period passed, Misodzi claimed border issues held up her Mercedes at Beitbridge. He stopped answering her calls soon after, leading Chikoko to report the matter to authorities when she realized she had been tricked.
Ruwa Econet Station Thieves Nabbed After 7704 Loot
Police nabbed three men for stealing from Econet booster stations in Ruwa. The suspects took batteries, fuel, and cables worth $7,704. Christopher Makamelo (60), Nathan Madzima (33), and Nkosilathi Moyo (25) face theft charges at the Harare courts. The crime spree ran from April 4 to 21. Achbold Chikati checked a ZIMRE Park booster on April 4 and found it intact. He later learned thieves had broken through a wall and stolen two Huawei batteries worth $2,500, gasoline valued at $78, and cut away armored cable. That same night, around 10:30 PM, patrol officer Butau Lxon noticed non-flashing lights at another station. He discovered forced entry and missing items - a lithium battery and 80 liters of diesel valued at $124.80. Acting on a...
Goromonzi Gear Grifter Busted in 300 Uniform Heist
Police arrested a 54-year-old man for stealing work gear from his former job. Howard Moyana, who lives in Eastview Phase 12, Goromonzi, faces theft charges after taking $300 worth of uniforms from Elegant Age in Harare. A court hearing left him in custody without bail. The theft was discovered when store assistant Veronica Mapererenzano received a tip about missing items on April 5. She then went with police officers to search his home. They found four pairs of safety shoes, two ZETDC rain suits, three work pants, and a motorcycle rain jacket at his house. Moyana allegedly took these items while working at the company.
Top Korean Quantum Expert Joins China Lab After Snub at Home
A top South Korean expert, Lee Young-hee, just started working at Wuhan's Hubei University of Technology. He studies quantum materials there after failing to land a good job back home after retirement. The university brought him aboard last November. He already joined the Chinese Academy of Sciences in 2021. Lee ran the Centre for Integrated Nanostructure Physics at Sungkyunkwan University from 2001 until recently. He asked South Korea's science officials to support his research plan, but never got approval. At his new job, Lee hopes to share knowledge between schools and help train young scientists. China keeps hiring overseas talent to boost its tech goals. This fits their long-term plan for semiconductor advancement. The research...
Trump Media Heads to Florida as Shareholders Back Big Moves
Trump Media can move to Florida from Delaware after a big win at their meeting. Shareholders approved the change with over 136 million votes for it and only about 270,000 against. The company plans to add more shares for employee pay starting in 2026. This could add 11 million shares to what they have now. They also picked Semple, Marchal & Cooper as their official money checker. Their leader, Devin Nunes, talked about new things coming soon. These include special badges on Truth Social for paid users, a digital wallet with its own token, and money services under the Truth.Fi name. The company made very little cash last year. Although its total sales reached just $3.6 million, its actual cash flow was only around $200,000.
Top