Uchena Report Exposes Massive Land Corruption

Official inquiry reveals US$3 billion in losses from irregular land allocations.

Cottco Enters Corporate Rescue Amid Financial Chaos

State-linked cotton firm seeks restructuring after massive mismanagement.

The Cotton Company of Zimbabwe (Cottco) has officially entered voluntary corporate rescue proceedings. Mutapa Investment Fund CEO John Mangudya criticized the board for the company’s financial bleeding, noting that over US$70 million in government support has failed to stabilize operations. Lawmakers have grilled Mangudya over the diversion of US$6 million intended for farmers into bank accounts to cover company assets. The move marks a desperate attempt to salvage the firm from total collapse after years of operational inefficiency.

Uchena Inquiry Reveals Three Billion Dollar Land Loss

Official report confirms massive financial leakage from irregular land allocations.

President Mnangagwa ordered the release of the Uchena Inquiry Report, exposing a staggering US$3 billion loss linked to unpaid intrinsic land values. The report follows a December 24, 2025, High Court ruling that declared the withholding of these findings a violation of constitutional rights. The document details systemic irregularities in land distribution that have drained state coffers for years. The release provides a rare look into the mechanics of state-linked land seizures and the resulting economic damage to the national treasury.

Ramaphosa Distances Office From Kwekwe Farm Encounter

South African President clarifies circumstances of recent Zimbabwe visit.

President Cyril Ramaphosa is navigating intense scrutiny following his private visit to President Mnangagwa’s Kwekwe farm. The South African leader’s office issued a statement clarifying that he was unaware he would encounter Wicknell Chivayo, a businessman currently of interest to South African law enforcement. The Democratic Alliance has challenged Ramaphosa over the optics of the visit, which allegedly touched on the Constitutional Amendment Bill and the potential removal of Vice President Constantino Chiwenga. The incident has triggered a security review of the Central Intelligence Organisation, as questions mount regarding the planning of the high-level encounter.

Government To Compensate Foreign Farmers With 146 Million

State reverses land seizure policy for 67 foreign-owned properties.

Zimbabwe has announced plans to return 67 foreign-owned farms seized during land reforms over 25 years ago. The government will pay US$146 million in compensation to the affected owners. This policy shift represents a significant attempt to address historical grievances and improve international investor confidence. The decision follows years of legal and diplomatic pressure regarding the legality of the original land acquisitions.

Seventeen Dead In Harare Nyamapanda Highway Crash

Luxury bus accident leaves dozens hospitalized in Mutoko.

A tragic bus accident on the Harare–Nyamapanda Highway has claimed 17 lives. The BRB Luxury Coach, which was traveling to Malawi, overturned near Suswe on Tuesday afternoon. Emergency services confirmed that 45 other passengers remain hospitalized with various injuries. The government expressed condolences and coordinated support for the victims and their families.

IPEC Revokes Heritage Life License Freezing Benefits

Regulatory action halts operations and impacts thousands of policyholders.

The Insurance and Pensions Commission (IPEC) has revoked the operating license of Heritage Life Limited. The decision effectively freezes all policies and pension benefits for thousands of members. This regulatory intervention follows concerns regarding the firm’s compliance and financial stability. Policyholders are now facing uncertainty as the commission moves to manage the fallout from the license cancellation.

Property Owners Face Two Year Verification Deadline

Nationwide program targets fraud and duplicate ownership records.

The government has launched a nationwide Title Deeds Validation and Securitisation Programme, giving property owners 24 months to verify their documents. This initiative is designed to combat widespread property fraud, duplicate ownership records, and systemic weaknesses in the land administration system. By requiring all owners to validate their deeds, the state aims to secure land tenure and reduce illegal transactions. The program is being rolled out across the country to ensure comprehensive coverage.

Former Minister Mzembi Granted Bail Pending Judgment

High Court sets conditions for release after lengthy remand period.

Former Tourism Minister Walter Mzembi has been granted bail by the High Court after spending nearly a year in remand prison. Justice Benjamin Chikowero imposed stringent conditions on the former minister, who faces charges of criminal abuse of office. Mzembi is expected to be released following the court’s decision, with a final judgment in his case anticipated on May 13, 2026. The bail hearing marks a significant development in the long-running legal proceedings against the former official.

The Jeere 2026-05-08  ·  stories

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