Connect with us

National

Hwange residents lose US$18 000 to ponzi scheme

Published

on

BY NOKUTHABA DLAMINI

Four Hwange residents lost over US$18 000 that they invested in a ponzi scheme, which masqueraded as a crypto currency investment platform.

Advertisement

One of the residents invested US$14 800 after he was y convinced by a man identified by police as Farai Chingombe (38) to invest his cash that was meant to mature within a period of 30 days to three months.

Chingombe, now in police custody, used the same modus operandi to persuade another Chibondo Extension resident to part with US$ 2 200.

He defrauded yet another victim of US$ 800.

Advertisement

Police said the suspected conman also robbed a 35-year-old woman of US$ 500 using the same tactics.

Matabeleland North police spokesperson Inspector Glory Banda confirmed the arrest of Chingombe from Ingagula, who is employed at the Zimbabwe Power Company.

“In a period extending from January 2021 to August, the accused person knowingly that the investment shares would not come to maturity went on to receive the cash to the prejudice of the complainants,” Banda said.

Advertisement

“The investment shares had a varying period of maturity ranging from one month to three months.

“However, when the maturity dates were due the accused person did not honour the promised pay out shares.”

Banda said the four complainants decided to effect a citizen arrest on the accused on Saturday.

Advertisement

“On October 9 2021, the accused person was brought to Zimbabwe Republic Police Hwange by the complainants and was detained,” he said.

“The total value defrauded is US$ 18 300 and was not recovered and investigations are in progress.”

Meanwhile, police urged members of the public to be wary of fraudsters inviting them to invest “their hard-earned cash in ponzi-schemes”

Advertisement

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

National

RemitHope launches “100 for 10” campaign to raise $100K for grassroots organisations across Africa

Published

on

BY STAFF REPORTER 

RemitHope, a pioneering fintech social enterprise – founded by global philanthropist and social entrepreneur Tsitsi Masiyiwa – has launched a bold campaign to raise US$100 000 in just 60 days for 10 grassroots organisations serving some of Africa’s most vulnerable communities.

Advertisement

The campaign – themed “100 for 10” – seeks to channel life-changing support to organisations on the frontlines of health, education, gender equity and community resilience.

The 10 beneficiaries span nine African countries, including Cancerserve (Zimbabwe), Cáritas Regional De Chokwe (Mozambique), Empowered Girls (Tanzania), Ewang’an Nadede Advocacy Initiative (Kenya), Child Restoration Outreach (Uganda), Hands of Hope (Zimbabwe), Bana Ba Metsi (Botswana), Njira Impact (Malawi), Phelisanong Children’s Centre (Lesotho) and Refugee Children’s Project (South Africa).

“The 100 for 10 campaign is intended to harness the transforming power of small acts of generosity into life-changing opportunities for communities too often overlooked. And every dollar given delivers hope, dignity, and the promise of progress,” Mrs Masiyiwa said.

Advertisement

Running from September 15 to November 15, 2025, the campaign pivots RemitHope’s unique model of transparency, real-time storytelling and direct funding to vetted local partners, ensuring every contribution makes a measurable difference.

In a powerful show of commitment, and leveraging its network of donors and partners, RemitHope has pledged to match every donation given, dollar-for-dollar – effectively doubling the impact.

“If you give $5 it becomes $10, give US$50 and it becomes US$100. This is multiplying hope, opportunities, and futures with every dollar donated,” she said.

Advertisement

The campaign builds on RemitHope’s recent success, where the platform raised over US$81 000 in funding to rebuild Mt Selinda Orphanage in Zimbabwe after a devastating fire swept through the institution.

That effort demonstrated RemitHope’s unique ability to mobilise rapidly, scale generosity and deliver urgent impact.

“We’ve witnessed how extraordinary things happen when people unite in moments of crisis. And now, with 100 for 10, we are channelling that same spirit beyond emergencies, for the long journey of community-led development,” Mrs Masiyiwa said.

Advertisement

RemitHope seeks to unlock the transformative potential of diaspora remittances – redirecting a portion of the more than US$90 billion sent to Africa annually, into structured, high-impact community giving.

By blending trust, technology and targeted generosity, RemitHope aims to mobilise US$50 million for grassroots organisations over the next five years.

Advertisement
Continue Reading

National

New 600 schools vs. reality: Mat North rural students trek over 10 kilometers for class

Published

on

BY WANDILE TSHUMA

In a recent parliamentary session, the Minister of Primary and Secondary Education, Torerayi Moyo, proudly announced that the government has constructed over 600 schools across Zimbabwe between 2022 and 2025. “I can happily inform this House that we have constructed more than 600 schools,” he stated, adding that “this year, we are targeting to build not less than 200 schools in 2025.”

Advertisement

Despite this achievement, reports from Matabeleland North province reveal a stark contrast, where students in rural areas often walk over ten kilometers to reach their nearest secondary schools. For example, in Nkayi, learners from areas such as Menda and Mantshololozane must travel long distances to access secondary education at Tohwe and Nkayi High Secondary Schools, which are situated more than ten kilometers apart. This trend has persisted, making it difficult for many students to pursue beyond primary education.

While the Minister emphasized the government’s commitment to educational development, the experiences of many rural students paint a different picture. One legislator noted, “We were informed in this House that we have a deficit of 3 000 schools in Zimbabwe… what could have probably caused the mushrooming of these schools is the fact that there is a gap, and children do not have to walk long distances.”

In response to the issue of unregistered schools, Moyo addressed concerns, stating, “It is mandatory for any school to be registered before they can operate.” He explained that there is a dedicated department responsible for school registration and encouraged those operating illegally to regularize their status.

Advertisement

 

Advertisement
Continue Reading

National

Four men on the run after allegedly killing man over relative’s death

Published

on

BY STAFF REPORTER 

Four people from Silobela are being sought by the Zimbabwe Republic Police for their alleged involvement in a gruesome murder that took place on Sunday.

Advertisement

The police are investigating the murder of 21-year-old Thandelwenkosi Moyo, who was allegedly killed by the four suspects after being accused of killing their relative.

According to the police report, the incident occurred at Munklenuck Village, Inyathi.

The accused have been identified as Nyoka, Zizimuzi, Mboya, and Aweli.

Advertisement

The police report states that the four suspects took turns to attack the victim with booted feet and a sharp object, resulting in his death at the scene.

The Zimbabwe Republic Police is appealing to anyone with information about the whereabouts of the suspects to come forward and report to the nearest police station.

Advertisement
Continue Reading

Trending

Copyright © 2022 VicFallsLive. All rights reserved, powered by Advantage