Exiled businessman warns Interfin over its takeover of disputed bank

By Lance Guma
29 July 2010
An exiled Zimbabwean businessman, who says his bank was illegally seized by the government in 2004, has condemned the recent takeover of that same institution by Interfin Financial Services Limited.
Gilbert Muponda says he owns Century Bank through his ENG Capital investment company, but was forced to flee the country at [...]

Rwodzi and Interfin Bank refining the money laundering art

Interfin Bank Zimbabwe and Founder Mr Farai Rwodzi are attempting to sanitize and launder their take over of a disputed asset/Bank. The company controversially acquired a controlling stake in the disputed Century/CFX Bank last year after shareholders of the financially-distressed banking institution either ignored or failed to take up their rights in a [...]

Zimbabwean authorities distance themselves from Mugabe’s killer aide

A policeman tasked with protecting Zimbabwe’s First Lady Grace Mugabe shot his wife nine times at the weekend citing infidelity. However, Zimbabwean authorities have tried distancing themselves from the suspected killer.
Takura Author Chiduwuro of the Police Protection Unit (PPU) shot his wife Ntombizodwa Mtambo Chiduwuroa detective inspector at their home.
Ntombizodwa is battling for her life [...]

Zimbabwe: Zanu Pf agents in uniformed forces get double salaries

Zimbabwe’s secret agents planted in the country’s uniformed forces have been awarded a double salary from the rest of the civil servants as a reward for the job they did during the 2008 Presidential polls.
Salaries have been hiked by US$150 and are expected to get paid by Friday. “Most of these people are planted as [...]

Zimbabwe Mid Term Fiscal Policy step in right direction

Last week on 14 July Finance Minister Biti presented the 2010 mid-term fiscal policy statement under the theme Refocusing, Regeneration and Revival. The budgetary statement and policy was well crafted as it seeks to consolidate the Economic stabilization which has been attained under Minister Biti’s direction. Specific challenges have been identified and practical solutions proposed [...]