THE trial of businessman Michael Shongwe Ndoro, who is facing allegations of forging Zororo Energy Group documents to elbow out his co-director and ex-wife Precious, failed to start yesterday Harare magistrate Stanford Mambanje remanded the case to Monday due to the absence of the trial magistrate Clever Tsikwa Zororo was formed by Michael and Precious when the two were still married According to court papers, the couple registered a company named Zororo Energy in 2018 as co-directors with a 50% share each Michael is said to have moved out of the matrimonial home soon after their divorce and left with the company documents Allegations are that Michael forged registration papers for Zororo Energy sometime in 2019 to elbow out Precious from the directorship of the company and replaced her with his mistress, Tunica Phaenah Mkahanana Michael and Mkahanana allegedly forged the company resolutions in January 2019 stating that Precious had resigned from her position as co-director and shareholder They then tendered the documents to the Zimbabwe Energy Regulatory Authority (Zera) The two went on to apply for a licence for electricity generation Zera publicised a notice in the media as per regulations When Precious saw the advert, she requested for company documents from Michael, but he allegedly refused on the grounds that she (Precious) had nothing to do with the business Precious reported the matter to the police and investigations were conducted at the Registrar of Companies, which established that the directorship and shareholding had been changed The war in Ukraine had magnified the slowdown in the global economy, which was now entering what could become “a protracted period of feeble growth and elevated inflation,” the World Bank said in its Global Economic Prospects report, warning that the outlook could still grow worse Last month German Foreign minister Annalena Baerbock, a leader of the Green Party, which entered a coalition government last fall with Prime Minister Olaf Scholz’s Social Democrats, pledged that Germany would stop importing oil from Russia by the end of 2022, and wean itself off Russian natural gas as soon as possible In the short-term, that may mean finding alternative suppliers for fossil fuels, including the United States BY BART STAR-JAMES United States President Joe Biden does not seem to know where he is as history slowly turns its wheels of fortune to the east A talking head of him or an acolyte frequently appears on our screens spewing out threatening diatribes of vindictiveness and sanctions against Russia completely oblivious of the imminent […] Source: The Standard Zimbabwe All Zim News is a central hub for all things Zimbabwean, curating news from across the country so no story is missed Alongside aggregation, our team of nationwide reporters provides real-time, on-the-ground coverage Stay informed and connected — reach us at admin@allzimnews.com. Source: Thestandard
