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Money laundering costs Zimbabwe US$6,5bn
Zimbabwe has lost an estimated US$6.15 billion to money laundering-related crimes over the past five years, with car dealerships, gold smuggling, and entrenched corruption networks topping the list of...Published: 2 hrs ago | 90 | by Staff reporter
UK overtakes China as second-largest US Treasury holder
China's recorded holdings of US Treasuries have fallen below those of the UK for the first time since the start of the century, underlining a shift in Beijing's management of its foreign reserves....Published: 16 hrs ago | 260 | by Staff reporter
Meikles's debt to suppliers raises fresh concerns
Meikles Limited's trade payables more than doubled to ZiG925,78 million in its financial year ended February 28, 2025, sparking fears of deepening debt pressures within Zimbabwe's formal retail sector...Published: 23 hrs ago | 331 | by Staff reporter
Edgars Zimbabwe customers seek longer payment plans
Clothing retailer Edgars Stores Limited says more of its customers are increasingly requesting longer payment periods of up to nine months to settle their clothing purchases, a clear reflection of the...Published: 23 hrs ago | 208 | by Staff reporter
Econet reports 44% surge in voice calls
Econet Wireless Zimbabwe has reported a remarkable 44 percent year-on-year increase in voice call volumes for the quarter ended May 31, 2025, defying industry expectations that traditional voice servi...Published: 23 hrs ago | 100 | by Staff reporter
EUZ president in soup over missing funds
The president of the Educators Union of Zimbabwe (EUZ), Tafadzwa Munodawafa, has been reported to the Zimbabwe Anti-Corruption Commission (ZACC) amid allegations of embezzlement involving missing teac...Published: 23 hrs ago | 69 | by Staff reporter
Stanbic Bank Beyond Borders: Empowering Zimbabwean Businesses for Regional Integration
Stanbic Bank Zimbabwe recently held a business breakfast - Beyond Borders Breakfast – which marked a defining moment for Zimbabwean enterprises eyeing regional and international expansion.Th...Published: 19 Jul 2025 at 09:38hrs | 196 | by Agencies
Zimbabwe police arrest third suspect in $4 million Bulawayo bank robbery
Police have announced the arrest of a third suspect linked to the high-profile $4 million bank robbery that took place in Bulawayo last October, marking a significant breakthrough in the investigation...Published: 18 Jul 2025 at 21:09hrs | 1640 | by Staff reporter
RBZ exposes massive money laundering
The Reserve Bank of Zimbabwe (RBZ) has unearthed large-scale illicit financial flows (IFFs) in the country's real estate and motor vehicle dealership sectors, revealing industrial-scale money launderi...Published: 18 Jul 2025 at 14:40hrs | 1459 | by Staff reporter
Zimbabwe's plan to make ZiG sole currency faces sharp criticism
Reserve Bank of Zimbabwe (RBZ) governor John Mushayavanhu has recently suggested making the local currency, the Zimbabwe Gold coin (ZiG), the sole legal tender in the country. Despite Mushayavanhu's c...Published: 18 Jul 2025 at 08:52hrs | 1172 | by Staff reporter
Govt should fix public health, not meddle in private medical practice
This week, Justice, Legal and Parliamentary Affairs Minister Ziyambi Ziyambi announced that the government will keep a close eye on private medical practices, particularly concerning issues of pricing...Published: 18 Jul 2025 at 08:31hrs | 108 | by Staff reporter
Parents reject, return 'overpriced' bus
A storm is brewing at Ngangu Primary School in Chimanimani after angry parents and guardians forced the return of a newly purchased school bus to its supplier, alleging the vehicle was grossly overpri...Published: 18 Jul 2025 at 08:30hrs | 1045 | by Staff reporter
Econet expands Kancane Kancane smartphone credit scheme
Econet Wireless Zimbabwe has expanded its popular Kancane Kancane smartphone credit scheme by extending the repayment period from just three months to up to 24 months, with no initial deposit required...Published: 17 Jul 2025 at 20:31hrs | 226 | by Staff reporter
Zimbabwe govt warns Chinese firms over illicit deals
The Office of the President and Cabinet (OPC) has issued a sharp and public rebuke to Chinese businesses operating in Zimbabwe, warning them to immediately halt illicit financial activities, environme...Published: 16 Jul 2025 at 07:41hrs | 515 | by Staff reporter
Zimbabwe eyes price relief towards end of 2025
After years of persistent inflationary pressures, Zimbabwe is approaching the latter half of 2025 with cautious optimism, as recent economic indicators and government policy measu...Published: 15 Jul 2025 at 21:56hrs | 445 | by Staff reporter
Man forced into 'ritual cleansing' sex
A 38-year-old man was reportedly kidnapped and coerced into having unprotected sex with his ex-girlfriend at a lodge in Highfield on Saturday, in a case that has shocked the local...Published: 15 Jul 2025 at 21:48hrs | 908 | by Staff reporter
Mine owner fined for operating unregistered milling plants
MAPHISA - A 45-year-old Snake Bone Mine owner has been fined US$200 for operating hammer and ball milling plants without proper documentation for registration.Matebeleland South Provincial Mag...Published: 14 Jul 2025 at 21:45hrs | 564 | by Gideon Madzikatidze/Simbarashe Sithole in Kezi
Zimbabwe gold makes currency history
Welcome Mavingire, managing consultant at INTELLEGO Investment Consultants, has hailed the Zimbabwe Gold (ZiG) currency's recent stability as the longest sustained period for a domestic currency in th...Published: 14 Jul 2025 at 08:10hrs | 726 | by Staff reporter
RBZ disburses ZiG350 million to key sectors
The RBZ announced it has disbursed ZiG350 million under its Targeted Finance Facility (TFF) to support key sectors of the economy, primarily manufac...Published: 14 Jul 2025 at 07:54hrs | 223 | by Staff reporter
'Surge in forex inflows a boon for ZiG stability'
Zimbabwe's foreign currency receipts surged by 22 percent to US$6 billion in the first five months of 2025, according to the Reserve Bank of Zimbabwe (RBZ), a development anal...Published: 14 Jul 2025 at 07:52hrs | 134 | by Staff reporter
State closes case against Harare couple
The State has closed its case against a Harare couple, Clark Makoni and his wife Beverly Aisha Makoni, who are facing allegations of defrauding former Reserve Bank of Zimbabwe Gov...Published: 14 Jul 2025 at 07:51hrs | 367 | by Staff reporter
Zimbabwe adopts multi-pronged strategy to manage debt
Zimbabwe is pursuing a multi-faceted approach to address its US$21 billion debt obligations, with the government considering leveraging the country's abundant natural resource...Published: 14 Jul 2025 at 07:47hrs | 125 | by Staff reporter
Ex-Nigerian president dies at a clinic in London
Muhammadu Buhari, a former Nigerian military ruler who went on to become the nation's first opposition candidate to win a presidential election, has died. He was 82.Buhari died on Sunday after...Published: 13 Jul 2025 at 21:12hrs | 1087 | by Staff reporter
Mutapa to shake-up State firms
Mutapa Fund Plots Major Shake-Up of State-Owned Enterprises to Enforce Governance and ProfitabilityZimbabwe's sovereign wealth vehicle, the Mutapa Investment Fund, is preparing to roll out swe...Published: 13 Jul 2025 at 16:12hrs | 662 | by Staff reporter
Zacc officer nails Gono stolen property couple
A Zimbabwe Anti-Corruption Commission (ZACC) investigating officer has told a Harare magistrate how a couple allegedly forged company registration documents to illegally take control of a lodge owned ...Published: 13 Jul 2025 at 11:22hrs | 101 | by Staff reporter
Vumbunu brothers still in SA custody
The notorious Vumbunu brothers, Abraham and Elijah Temayi Vumbunu, are currently held in custody in South Africa following their arrest in connection with the massive US$4 million robbery at Ecobank t...Published: 13 Jul 2025 at 11:19hrs | 112 | by Staff reporter
'Mnangagwa is far much better than Mugabe,' says Hwende
Kuwadzana East legislator Charlton Hwende has once again courted controversy, this time drawing sharp criticism after publicly comparing President Emmerson Mnangagwa favorably to his predecessor, Robe...Published: 13 Jul 2025 at 11:18hrs | 114 | by Staff reporter
Chivayo taxes shocker
Flamboyant businessman Wicknell Chivayo, one of Zimbabwe's most polarising public figures, has rubbished claims that his bank accounts have been garnished by tax authorities amid reports of a lifestyl...Published: 13 Jul 2025 at 11:07hrs | 703 | by Staff reporter
Zimbabwe currency reserves backing ZiG climb to record
Gold and foreign-currency reserves backing Zimbabwe's bullion-linked monetary unit rose to a record in June, the central bank said.The reserves climbed to $731 million from $639 million in May...Published: 11 Jul 2025 at 08:55hrs | 960 | by Staff reporter
'Captured judiciary' intimidates General Mkhwanazi
Chief Justice Mandisa Maya has called on KwaZulu-Natal Police Commissioner Lieutenant General Nhlanhla Mkhwanazi to provide evidence following explosive claims that members of the Judiciary are collud...Published: 10 Jul 2025 at 22:27hrs | 1263 | by Staff reporter
Mnangagwa calls for 'new breed of heroes'
President Emmerson Mnangagwa has called on Zimbabweans to emulate national hero Dr Sydney Gata by becoming trailblazers, innovators and nation builders, saying the country is ready for a new generatio...Published: 10 Jul 2025 at 16:41hrs | 169 | by Staff reporter
Zimbabwe central bank reports drop in inflation
The Reserve Bank of Zimbabwe (RBZ) has expressed cautious optimism about the country's economic trajectory, citing encouraging signs in inflation control, exchange rate stability, and foreign currency...Published: 10 Jul 2025 at 10:11hrs | 179 | by Staff reporter
Zimbabwe's foreign currency reserves surge
Zimbabwe's foreign currency reserves have maintained strong momentum, with the Reserve Bank of Zimbabwe (RBZ) reporting that, by the end of June 2025, the reserve holdings were more than three times h...Published: 10 Jul 2025 at 08:56hrs | 128 | by Staff reporter
Bulawayo councillor slams City management over corruption
Bulawayo Ward 3 Councillor Mxolisi Mahlangu has launched a scathing attack on the city's management, accusing officials of rampant corruption and gross mismanagement that he says is crippling service ...Published: 10 Jul 2025 at 08:54hrs | 241 | by Staff reporter
EcoCash launches 'EcoCash Plus' wallet
EcoCash, Zimbabwe's leading mobile money platform, has unveiled EcoCash Plus - a specialised digital wallet designed to meet the unique needs of small and medium enterprises (SMEs), vendors, and servi...Published: 09 Jul 2025 at 18:06hrs | 838 | by Staff reporter
Open letter to the President of Zambia, Hakainde Hichilema
An Open Letter to the President of Zambia, Hakainde Hichilema: I will not be silenced until death or a better Zambia emerges, whichever comes firstDear President Hichilema,Yesterday, I...Published: 09 Jul 2025 at 09:24hrs | 1107 | by Sishuwa Sishuwa
Zimbabwe hopes to service external debt
Zimbabwe, locked out of international capital markets since defaulting in 1999, expects its stronger economy to help it pay back external creditors, without saying when this would begin.Financ...Published: 09 Jul 2025 at 07:48hrs | 84 | by Staff reporter
ZNCC urges RBZ to cut policy rate to 20%
The Zimbabwe National Chamber of Commerce (ZNCC) has urged the Reserve Bank of Zimbabwe (RBZ) to lower its bank policy rate from the current 35% to 20% in an effort to ease growing credit constraints ...Published: 08 Jul 2025 at 12:12hrs | 214 | by Staff reporter
Zimbabwean consumers failing to secure loans from banks
Zimbabwean consumers are facing increasing difficulties in accessing loans from traditional banking institutions due to low wages and the escalating cost of living, according to the IH Zimbabwe Consum...Published: 08 Jul 2025 at 12:10hrs | 199 | by Staff reporter
Zimbabwe women's bank opens 11 000 accounts in 2024
The Zimbabwe Women Microfinance Bank (ZWMB) opened 11,120 new savings accounts in 2024 as part of the Government's ongoing push to promote financial inclusion and empower marginalized groups - particu...Published: 08 Jul 2025 at 09:52hrs | 83 | by Staff reporter
'Vumbunu brothers have been a thorn in our side'
The dramatic arrest of the notorious Vumbunu brothers, Abraham and Elijah Temayi, in South Africa has reignited public interest in the sensational US$4 million Ecobank armed robbery that stunned Bulaw...Published: 08 Jul 2025 at 09:42hrs | 638 | by Staff reporter
UK's Reading honours Zimbabwean-born mayor
The recent election of Zimbabwean-born academic and social justice advocate Dr Alice Mpofu-Coles as mayor of Reading, a city in southeast England, has been hailed as a defining moment for Africans in ...Published: 07 Jul 2025 at 17:15hrs | 469 | by Staff reporter
It's time Zimbabwe redefined who we call a national hero
The recent declaration of the late ZESA executive chairman, Sydney Gata, as a national hero has once again reignited a longstanding and deeply divisive debate in Zimbabwe. At the core of ...Published: 07 Jul 2025 at 11:07hrs | 612 | by Tendai Ruben Mbofana
Time to reform the National Heroes selection process in Zimbabwe
Thank you for bestowing National Hero status on Dr. Sydney Zikuzo Gata, a well-decorated engineer and a true patriot. This honour is well deserved. I had the privilege of working closely with Dr. Gata...Published: 07 Jul 2025 at 11:05hrs | 271 | by Engineer Jacob Kudzayi Mutisi
Delta Corporation slams Zimra over uncertainties
Zimbabwe's largest beverage manufacturer, Delta Corporation Limited, has accused the country's tax authorities of fueling business uncertainty through what it described as the arbitrary creation of le...Published: 07 Jul 2025 at 08:47hrs | 371 | by Staff reporter
Tagwirei down but not out, resurfaces in Epworth
Prominent businessman Kudakwashe Tagwirei has resurfaced in the political arena just days after suffering a significant setback at the hands of Vice-President Constantino Chiwenga and, unexpectedly, P...Published: 06 Jul 2025 at 20:21hrs | 2413 | by Staff reporter
Zimbabwe govt to settle parastatal debt
The Ministry of Finance, Economic Development and Investment Promotion says it is intensifying efforts to settle mounting debts owed to state-owned enterprises (SOEs), including telecoms giant T...Published: 06 Jul 2025 at 19:47hrs | 1608 | by Staff reporter
Elon Musk announces creation of new political party in USA
Elon Musk unveiled plans on Saturday to establish a new political party, vowing to "give freedom back to the people" and accusing America's elites of running the country into the ground.In a p...Published: 06 Jul 2025 at 13:56hrs | 972 | by Staff reporter
Zimbabwe US$4 million heist suspects arrested in South Africa
The Zimbabwe Republic Police (ZRP) has confirmed the arrest of two key suspects in connection with the high-profile US$4 million Ecobank robbery that shocked the nation in October 2024.Abraham...Published: 06 Jul 2025 at 11:42hrs | 985 | by Staff reporter
Dynamos' slow but obvious death
Dynamos' downfall is no longer a rumor - it's a reality show, and the doubting Thomases are now the panic-stricken prophets, DeMbare DotComs reported. The problem isn't the coaching staff...Published: 06 Jul 2025 at 11:31hrs | 218 | by Staff reporter
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