Kirsty Coventry Aims to Become First Female IOC President.
Kirsty Coventry wants to lead the International Olympic Committee (IOC). She is a candidate in the March election. If she wins, she would be the first woman and African to hold the position. At 41, she would also be the youngest IOC president ever.
Coventry is Zimbabwe's Minister of Sport, Recreation, Arts, and Culture. She has served in this role since 2019. Some question whether her government position is a problem for her IOC candidacy, but Coventry says it lets her make positive changes in her country.
"I have learned many things in my ministry role," she said. "I have changed policies and how things are done."
Coventry thinks her election would be a big boost for...
Buy Zimbabwe Appoints New Interim Chairman and CEO.
Buy Zimbabwe has named Munyaradzi Hwengwere as its interim chairman and CEO. The group has existed for 13 years and promotes local products and services.
Hwengwere's appointment starts a major change for Buy Zimbabwe. The organization wants to adapt to new market trends. It aims to help entrepreneurs and innovators who struggle to reach buyers.
Alois Burutsa was the general manager. He will become a marketing and sales consultant.
Buy Zimbabwe has hired researchers to study what consumers like. They will examine new and old brands. Many new products have been launched recently, created by young business owners, women, and small companies.
"These inventors need support to access...
Tanganda Tea Company Thrives with Avocado Exports.
Tanganda Tea Company's move into avocados is paying off. The company started growing avocados around 2016. It began exporting them in 2018.
Tanganda's avocado exports have soared as its trees have matured. In 2018, it exported about 1,300 tons, and last year, it exported nearly 4,000 tons. Higher global avocado prices have also boosted earnings.
In 2024, Tanganda harvested 3,976 tons of avocados, 84 percent more than the prior year. Exports jumped 40 percent.
Avocado prices also rose sharply, from 44 cents per kilogram in 2023 to 75 cents in 2024.
The higher production and prices helped Tanganda turn a profit. It made $1.4 million last year. The year before, it lost $3.1 million...
Khayah Cement to Meet with Creditors Amid Financial Woes.
Khayah Cement Limited will meet with creditors on February 19. The company is undergoing voluntary corporate rescue.
At the meeting, creditors will formally prove their claims against Khayah, submitting affidavits as proof. The Master of the High Court will state the chances of rescuing the company. Creditors will also appoint a committee.
Corporate rescue is a process defined by the Insolvency Act. It involves temporarily supervising a company in financial distress, putting on hold creditors' claims, and developing a rescue plan to restructure the business. The goal is to keep the company operating and solvent. If that is not possible, the aim is to give creditors a better...
Mutoko Police Arrest Four in Connection with ZESA Holdings Theft.
Mutoko police apprehended four individuals on suspicion of stealing copper from ZESA Holdings transformers and armored cables. The arrests took place on January 27, 2025, following a tip received by law enforcement.
National police spokesperson Commissioner Paul Nyathi identified the suspects as Anderson Takawira, alias Tatenda Vambe, 30; Isaac Vheremu, 38; Trymore Bona, 30; and Archford Chiyangwa, 25. They were taken into custody at a roadblock along the Harare-Nyamapanda Road.
The arrest led to the seizure of the suspects' getaway vehicle, a Toyota Aqua with registration number AGF 9536. Police also recovered bolts, nuts, two scales, spanners, a knife, and armored...
Varun Beverages to Distribute and Manufacture PepsiCo Snacks in Zimbabwe and Zambia.
Varun Beverages Limited will start distributing PepsiCo snacks in Zimbabwe and Zambia next week. The company plans to start making the snacks at a new plant in Zimbabwe in October.
PepsiCo has named Varun Beverages as the only distributor of its snacks in the two countries. This includes Lays, Doritos, and NikNaks. The deal starts on February 1, 2025.
Varun's units in Zimbabwe and Zambia will work with PepsiCo. They will make, distribute, and sell the snacks in each market.
In June 2024, Varun and PepsiCo first agreed to work together. Varun then said it would invest $7 million in a Zimbabwe factory to make PepsiCo snacks in addition to the drinks...
Zimbabwean Authorities Probe $1.3M Investment Scam Involving Late Diplomat.
Zimbabwean authorities are working with law enforcement to investigate an investment scam. The scam, which dates back to 2000, targeted the late Ambassador to Belgium, Hurudza Gift Punungwe, and his wife, Runako Beauty Punungwe. The couple lost nearly US$1.3 million in the scheme.
Richard Kaye, a British national, orchestrated the fraud. He operated companies called Thomas Barclay Group (TBG) and Lloyd Morgan Company (LMC), which were based in Belgium and France.
Kaye remains at large despite years of efforts to find him. The Ministry of Foreign Affairs and International Trade, the National Prosecuting Authority (NPA), and the Zimbabwe Republic Police (ZRP)...
Zimbabwe to Bring Informal Sector into Formal Economy.
Zimbabwe's Minister of Finance, Prof. Mthuli Ncube, plans to integrate large parts of the informal sector into the formal economy. He proposed legal changes during the 2025 Budget presentation last year, which Parliament and President Mnangagwa approved in the Finance Act.
New tax rules require many informal businesses to register with the government. If they do not, they will have to pay very high taxes. The government also introduced measures to reduce smuggling. Certain goods commonly sold by informal traders are assumed to be smuggled. Traders must show paperwork to prove the goods were obtained legally.
The Minister said a program would soon be implemented to make informal...
First Lady Dr. Auxillia Mnangagwa spoke to thousands at the launch of her Afrikana Family Humanism Programme in Harare. She said good communication, faithfulness, and respect are important for strong marriages and help parents raise morally upright children.
The popular program has now launched in nine provinces. Only one province remains. The First Lady is working to fix broken homes. She wants men and women to live in harmony. This will allow them to raise children with dignity.
The program looks at people's personalities and family life. It considers the norms and values of Zimbabwe. Putting the program in place has brought many families together.
Mrs. Mnangagwa met separately with men and women. Later, she spoke to the full...
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