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Villagers in Insiza appeal for funds to save dried-up dam
Villagers in Singwambizi, Insiza District, under Chief Mafu, are seeking financial assistance to desilt their community dam, which has dried up for the first time since its construction in 1960....Published: 5 hrs ago | 142 | by Staff reporter
Ecocash loses ZWG 148,7 million in conversion to new currency
Ecocash Holdings Zimbabwe Limited, a leading diversified digital solutions group, has reported a loss of ZWG 148.7 million following the transition to the newly introduced ZWG currency, which was intr...Published: 11 hrs ago | 580 | by Staff reporter
War vets company holds AGM amid squabbles
Zvimba East Veterans Investment Company (Zevic), a company wholly owned by veterans of the liberation struggle, is set to hold its Annual General Meeting (AGM) on December 20, 2024, despite ongoing sh...Published: 11 hrs ago | 163 | by Staff reporter
EcoCash Holdings posts strong profit growth in half-year results
EcoCash Holdings Zimbabwe Limited has posted impressive results for the half-year ending August 31, 2024, highlighting the resilience of its business model and the effectiveness of its strategic initi...Published: 12 hrs ago | 22 | by Staff reporter
Paid an arm and leg for Hwange Unit 7 & 8 and yet they not generating - Chinese demanding head in a silver platter!
ZESA's explanation of reduced generation from Hwange Thermal Power Station especially due to repeated Units 7 and 8 did not make any sense at all. The two units costing US$ 1.4 billion were commission...Published: 21 hrs ago | 1143 | by Wilbert Mukori
Stanbic Bank Steps up efforts to promote International Trade
Harare - 20 November 2024 - Leading financial services institution, Stanbic Bank Zimbabwe has stepped up efforts to promote international trade by launching an e-book which guides locals on how to sou...Published: 21 hrs ago | 92 | by Agencies
Harare Poly students resort to prostitution, drug trafficking
In their tireless efforts to settle school fees arrears and sit for their forthcoming end-of-term examination, several students from Harare Polytechnic College have resorted to prostitution and drug t...Published: 21 hrs ago | 1735 | by Gideon Madzikatidze
Zimbabweans arrested over theft of State vehicle parts in SA
Two Zimbabwean nationals, aged 26 and 37, are set to appear before the Belfast Magistrate's Court following their arrest on Tuesday, November 19, 2024. The pair was apprehended in possession of stripp...Published: 20 Nov 2024 at 14:53hrs | 1117 | by Staff reporter
Zimbabwe govt sinks in deep financial hole
The recent 43% devaluation of Zimbabwe's Zimbabwe Gold (ZiG) currency has exacerbated the government's financial crisis, leaving it struggling to meet its obligations while civil servants and other pu...Published: 19 Nov 2024 at 13:38hrs | 6688 | by Staff reporter
NMBZ turns to Rabobank for agric financing
NMBZ Holdings Limited, a leading financial services group, has announced a strategic partnership with Rabobank, a Dutch multinational specializing in banking and financial services, to implement an en...Published: 19 Nov 2024 at 08:49hrs | 200 | by Staff reporter
Chief Khumalo bemoans govt neglect of chiefs
Council of Chiefs President, Chief Mtshane Khumalo, has expressed deep concerns over the government's lack of support for the country's traditional leaders, particularly in the performance of their du...Published: 18 Nov 2024 at 16:04hrs | 648 | by Staff reporter
Zimbabwe finance ministry bans foreign trips
The Zimbabwean government is tightening its belt in response to a severe cash crunch as it approaches the end of 2024. Finance Secretary George Guvamatanga has announced measures aimed at curbing spen...Published: 18 Nov 2024 at 15:24hrs | 5488 | by Staff reporter
Civil servants start receiving annual bonuses
The Government has commenced the disbursement of annual bonuses to civil servants, fulfilling its promise of a 13th cheque to its workforce. Payments began last Friday, with banks and major supermarke...Published: 18 Nov 2024 at 15:00hrs | 228 | by Staff reporter
Zimbabwe police close in on suspects in US$4.4 million Bulawayo heist
Police have made significant strides in their investigation of the US$4.4 million armed robbery in Bulawayo last month, believed to be the largest bank heist in Zimbabwe since independence.Six...Published: 16 Nov 2024 at 14:24hrs | 1580 | by Staff reporter
Mnangagwa commissions US$18,5m Bulawayo students' complex
President Emmerson Mnangagwa yesterday officially commissioned the state-of-the-art Bulawayo Students Accommodation City Complex, a landmark project in Matsheumhlope suburb valued at US$18.5 million. ...Published: 16 Nov 2024 at 14:22hrs | 318 | by Staff reporter
Mutumbuka gets back his house at last!
Zimbabwe's first Minister of Education, Dr. Dzingai Mutumbuka, has reclaimed ownership of his Chisipite residence following a protracted legal dispute stemming from a fraudulent title deed scheme....Published: 16 Nov 2024 at 13:45hrs | 3579 | by Staff reporter
Armed robbers jailed 21 years
Four Rushinga based armed robbers were sentenced to 21 years in jail after robbing a school headmaster of his car before being involved in an accident wit...Published: 16 Nov 2024 at 09:25hrs | 650 | by Simbarashe Sithole
Drama: Murder suspect escapes from hospital
There was drama in Concession yesterday where a murder suspect fled from the hospital after discovering that he had killed a friend during a beer binge....Published: 15 Nov 2024 at 10:57hrs | 2760 | by Simbarashe Sithole
Mnangagwa to commission Nust students' Complex
President Emmerson Mnangagwa is in Bulawayo today to preside over a series of significant events that underscore the Second Republic's commitment to infrastructural and educational development....Published: 15 Nov 2024 at 08:33hrs | 391 | by Staff reporter
Man killed in brutal attack over beer in Zimbabwe
Mazowe, Zimbabwe - A tragic incident unfolded in Eskbank, Mazowe, on November 13, 2023, when a man was brutally murdered during a dispute over beer.According to Acting Mashonaland Central poli...Published: 14 Nov 2024 at 18:43hrs | 697 | by Simbarashe Sithole
Zimbabwe's second-largest city at risk of running dry by year-end
The taps in Zimbabwe's second-biggest city may run dry by the end of this year.Already, residents of Bulawayo have had to cope without piped water for at least five-and-a-half days a week and ...Published: 14 Nov 2024 at 09:55hrs | 433 | by Staff reporter
Confidence in Zimbabwe gold currency hits historic low
Confidence in the Zimbabwe Gold (ZiG) currency has dropped to an all-time low, a member of the Reserve Bank of Zimbabwe (RBZ) Monetary Policy Committee has admitted.Introduced in April this ye...Published: 14 Nov 2024 at 09:52hrs | 1780 | by Staff reporter
Afreximbank to inject US$1bn into Zimbabwe economy
The African Export-Import Bank (Afreximbank) has announced a substantial financial commitment of US$1 billion to support Zimbabwe's economic growth, with funds allocated to various sectors in both the...Published: 14 Nov 2024 at 09:21hrs | 175 | by Staff reporter
There're now two Zimbabwes: One for a small elite and the other for millions of poor Zimbabweans
Over the past few years, Zimbabwe has reportedly experienced steady economic growth. According to government statistics, GDP growth rates have shown positive movement, suggesting that the coun...Published: 13 Nov 2024 at 22:05hrs | 574 | by Tendai Ruben Mbofana
Chivayo washes hands of Chimombe fraud case
In a shocking case of retribution, a suspected armed robber from Zimbabwe was found with both feet chopped off along the banks of the Limpopo River, where he reportedly targeted smugglers crossing to ...Published: 12 Nov 2024 at 10:57hrs | 258 | by Staff reporter
Ghana's John Mahama projected to unseat ruling party in December election
Ghana's main opposition leader and former president, John Dramani Mahama, appears to be the front-runner in the upcoming December presidential election, according to an opinion poll released on Monday...Published: 11 Nov 2024 at 13:46hrs | 493 | by Staff reporter
'Trump Presidency to hurt Zimbabwe's trade, investments'
Zimbabwe's trade and investment prospects could face significant challenges following United States President-elect Donald Trump's proposed tariff policies, according to an analysis by FBC Securities....Published: 11 Nov 2024 at 07:13hrs | 2290 | by Staff reporter
Top Bank executive slams RBZ tight policy measures
A prominent banking executive has criticized the Reserve Bank of Zimbabwe (RBZ) for focusing too heavily on exchange rate stability at the cost of economic growth, warning that the central bank's rece...Published: 10 Nov 2024 at 11:05hrs | 1826 | by Staff reporter
Fired BancABC managers threaten to wash 'dirty linen' in public
A bitter and escalating dispute between dismissed BancABC managers and the bank's leadership is threatening to destabilize one of Zimbabwe's leading financial institutions. The conflict, which involve...Published: 10 Nov 2024 at 11:04hrs | 1461 | by Staff reporter
Zimbabwe foreign currency reserves rise to US$500m
Zimbabwe's foreign currency reserves backing its local currency, the Zimbabwe Gold (ZiG), have surged past US$500 million, tripling the total amount of ZiG in circulation. This development is expected...Published: 10 Nov 2024 at 10:41hrs | 169 | by Staff reporter
Julius Malema's EFF implodes
South Africa's radical opposition party, the Economic Freedom Fighters (EFF), appears to be on a downward spiral after another high-profile member defected to ex-President Jacob Zuma's party.D...Published: 09 Nov 2024 at 20:43hrs | 2171 | by Staff reporter
Zimbabwe eyes China's $50 billion African modernisation fund
Zimbabwe is gearing up to tap into a US$50 billion fund that China pledged to support Africa's modernisation and industrialisation efforts during the recent Forum on China-Africa Cooperation (FOCAC) S...Published: 09 Nov 2024 at 17:08hrs | 257 | by Staff reporter
South Africans lost R1 billion to digital banking fraud
Money lost by South Africans to digital banking fraud increased from R735,000 in 2022 to R1.1 billion in 2023 - a 47% increase.This is according to the South African Banking Risk Centre's (Sab...Published: 08 Nov 2024 at 16:33hrs | 628 | by Staff reporter
Bank card fraud chaos in South Africa
In 2023, card-not-present (CNP) fraud accounted for over 68% of all card fraud committed in South Africa, costing citizens over R700 million.This is according to the South African Banking Risk...Published: 08 Nov 2024 at 16:31hrs | 2226 | by Staff reporter
Zimbabwe to ease currency reins and allow free-float of ZiG
Zimbabwe wants its gold-backed currency to float freely on the foreign exchange market, the central bank's deputy governor said, though he declined to spell out when this would happen."The ide...Published: 07 Nov 2024 at 15:03hrs | 9795 | by Staff reporter
Dr. Arikana Chihombori: the unsung heroine of Africa
She will never get recognition in Zimbabwe. Zimbabwean women have no vocabulary to appraise Dr. Chohombori breaking the glass-ceiling. The inner jealousy and the inherent envy among us women are so ev...Published: 07 Nov 2024 at 12:52hrs | 379 | by Nomazulu Thata
Zimbabwe to hold talks on $21 billion debt albatross this month
Zimbabwe will resume talks with creditors later this month to restructure $21 billion in external debt as it seeks to exit a default that's kept it locked out of international capital markets since 19...Published: 07 Nov 2024 at 07:17hrs | 391 | by Rigid Kondongwe
Zimbabwe's economy to grow 6% in 2025
Zimbabwe's economy is projected to expand by six percent in 2025, bolstered by favorable rainfall conditions that are expected to boost agricultural productivity, Finance, Economic Development, and In...Published: 07 Nov 2024 at 07:00hrs | 237 | by Staff reporter
Torture victim awarded ZWG140,000 in damages by ZRP
A Gweru man who was brutally assaulted by police officers during the Covid-19 lockdown while queuing for money at a bank has been awarded over ZWG140,000 in damages by the Zimbabwe Republic Police (ZR...Published: 06 Nov 2024 at 07:05hrs | 442 | by Staff reporter
Zimbabwe's gold-backed ZiG extends rare advance against dollar
Zimbabwe's gold-backed currency, which has been battered on foreign exchange markets since its April debut, rose against the dollar for a second day on the back of tighter monetary policy.The ...Published: 06 Nov 2024 at 07:04hrs | 803 | by Staff reporter
Harare man attempts to defraud ZRP of US$1,6m
A Harare businessman, Langton Madara, has been convicted for attempting to defraud the Zimbabwe Republic Police (ZRP) of over US$1.6 million in a fraudulent scheme involving the supply of printing mat...Published: 06 Nov 2024 at 06:59hrs | 509 | by Staff reporter
Director's bid to defraud ZRP backfires
Langton Madara, director of Preperco Investments, has been ordered to perform 360 hours of community service after attempting to defraud the Zimbabwe Republic Police (ZRP) of US$1.6 million in a bond ...Published: 06 Nov 2024 at 06:50hrs | 107 | by Staff reporter
Zimbabwean man killed SA lover over lobola money, caged for life
A security guard who killed his partner after finding out that she spent the money he had been saving to pay lobola for her has been handed a life sentence.Louis Serenetra Moyo, 49, an undocum...Published: 05 Nov 2024 at 14:48hrs | 1844 | by Staff reporter
Zimbabwe's tight monetary policy stance boosts ZiG
Zimbabwe's gold-backed currency posted its first gain in more than two weeks, suggesting that tighter monetary policy is working the central bank said.The ZiG, short for Zimbabwe Gold, strengt...Published: 05 Nov 2024 at 08:26hrs | 2509 | by Staff reporter
Minister calls for end to police chases of pirate taxis
Lands, Agriculture, Fisheries, Water, and Rural Development Minister Anxious Masuka has urged police officers to stop pursuing unregistered "mushikashika" taxis, attributing these chases to an increas...Published: 05 Nov 2024 at 08:14hrs | 435 | by Staff reporter
'Zanu-PF is next,' says Oppenheimer bankrolled Maimane
South African opposition leader Mmusi Maimane who receive millions from the Oppenheimers has issued a stark warning to Zimbabwe's ruling party, Zanu-PF, suggesting that it may soon face a similar fate...Published: 04 Nov 2024 at 06:56hrs | 2738 | by Staff reporter
BancABC uses 'dirty tactics' to silence bosses?
BancABC is engulfed in controversy, facing accusations of fabricating charges against at least nine top managers as part of a strategy to evade paying retrenchment packages, NewZimbabwe.com has learne...Published: 04 Nov 2024 at 06:50hrs | 1337 | by Staff reporter
Hackers gain access to financial information for a large number of South Africans
Attackers claiming to be from N4ughtySec, a cyber extortion gang that took responsibility for an attack on TransUnion in March 2022, have said that they have infiltrated most of South Africa's banks....Published: 03 Nov 2024 at 12:46hrs | 926 | by Staff reporter
CABS bank manager accused of stealing depositors' funds
A manager at the CABS Highlands branch, Raymond Chikonyora, faced court last week on serious charges related to the unauthorized withdrawal of funds from clients' accounts. The allegations have raised...Published: 03 Nov 2024 at 10:17hrs | 5281 | by Staff reporter
Armed robbers pounce on Bulawayo school
In a brazen incident of armed robbery, a gang of four assailants ambushed two security guards at Greengables High School on Thursday, October 31, 2024, stealing over $2,000 in cash and various electro...Published: 03 Nov 2024 at 10:15hrs | 772 | by Staff reporter
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