Zimbabwe President, ED Mnangagwa has shocked Zimbabweans after he brought a crowd to boo Zimbabwe Vice President, General Chiwenga.
This comes after the fight between the two has reached the final stages. Mnangagwa has decided to fire Chiwenga and replace him with tender billionaire, Kuda Tagwirei.
Please watch the video above this post for more details
Key events for today
Mozambique celebrates 50 years of independence. Mnangagwa to attend function in Maputo. Mozambique became independent from Portugal on June 25, 1975. This followed a decade-long armed struggle known as the Mozambican War of Independence, which began in 1964 and ended with a ceasefire in 1974 after the Carnation Revolution in Portugal led to negotiations for independence. After the Portuguese coup in 1974, FRELIMO (Mozambique Liberation Front) took control, and within a year most Portuguese settlers left the country. Mozambique then established itself as an independent, single-party state led by FRELIMO, with Samora Machel as its first president.
Trending Topics
1. Tagwirei awarded another $550 million Harare Chirundu road upgrade.
2. A DIRECTOR in a local company, Terraworld Investments (Pvt) Ltd, was allegedly duped of US$20,000 in a dubious investment scheme. The suspects — George Masvipe and Pascal Magama — approached Terence Mwahowa, the co-director of Terraworld Investments, with an investment opportunity. The duo allegedly misrepresented to him that there was an investment opportunity with a company called Needflow Capital (Pvt) Ltd. Masvipe indicated that Mahwowa would get US$3 million in three months after investing just US$20,000.
3. Zimra sets a $7,2 Billion BIZARRE revenue collection target
Business
1. Three foreign South African banks Citibank, HBZ and Botsa have been fined by the prudential authority for non compliance and have received suspended fines ranging from 1.5 to 6 million. The Prudential Authority (PA) is a separate juristic entity that operates within the administration of the South African Reserve Bank (SARB), which is South Africa’s central bank. Although it has operational independence, it is governed and overseen by a Prudential Committee composed of the SARB Governor, Deputy Governors, and the CEO of the PA, who is also a Deputy Governor of the SARB. This structure means the PA is effectively owned and managed under the umbrella of the SARB.
Africa
1. South African music sensation Tyla made history as the first African host of the 2025 Nickelodeon Kids’ Choice Awards, where she also won the Favourite Global Music Star (Africa) award. The event was filled with high-energy performances, playful moments, and Tyla getting drenched in the show’s signature green slime, marking a major milestone in her career and shining a spotlight on African music globally.
2. A tragic incident involving the South African National Defence Force (SANDF) occurred at the Macadamia Military Base near Komatipoort, Mpumalanga, where an altercation among soldiers led to three deaths, including the shooter who took his own life. The SANDF and South African Police Service are investigating the matter.
3. Zambian churches say an amicable solution can be reached on Lungu repatriation.
Community
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Notes
The relationship between the two involves a cross-holding structure: Naspers controls Prosus through its voting rights, and Prosus, in turn, holds a significant stake in Naspers. Recently, Prosus announced an intention to acquire about 45.4% of Naspers shares through a voluntary exchange offer, which upon completion would give Prosus a 49.5% interest in Naspers. This transaction aims to simplify the group’s structure, increase liquidity, and reduce the discount at which both companies trade relative to their underlying assets. It also maintains Naspers as the largest South African-domiciled company and preserves its control over Prosus
