Search / Bank
Zimbabwe banks show strong capital buffers
Most Zimbabwean banking institutions have exceeded minimum regulatory capital requirements, signalling stability, resilience, and soundness in the country's financial system, the latest Reserve Bank o...Published: 3 hrs ago | 65 | by Staff reporter
UN calls on Zimbabwe to curb illicit financial flows
The United Nations resident and humanitarian coordinator in Zimbabwe, Edward Kallon, has urged the government to take urgent measures to curb illicit financial flows (IFFs), warning that billions of d...Published: 3 hrs ago | 87 | by Staff reporter
How can Mnangagwa preach selflessness when his regime is master of self-interest and plunder?
It often seems that before lecturing others on morality, some people should first look in the mirror.President Emmerson Mnangagwa's Heroes Day interview with the state-controlled broadcaster Z...Published: 14 hrs ago | 338 | by Tendai Ruben Mbofana
Zimbabwe prioritises debt clearance
Resolving Zimbabwe's crippling debt overhang has been elevated to a top national priority, with the Government declaring that the success of the arrears clearance and debt resolution process is essent...Published: 16 hrs ago | 99 | by Staff reporter
Jabulani Khumalo banks on captured ConCourt to unseat Zuma
Former uMkhonto weSizwe (MK) Party leader Jabulani Khumalo has launched an urgent Constitutional Court application seeking to reclaim the party's top leadership position from former President Jacob Zu...Published: 19 hrs ago | 343 | by Staff reporter
Zimbabwe to unveil de-dollarization roadmap in November
Zimbabwe's central bank has announced its decision to launch a de-dollarisation roadmap in November, along with the new five-year economic blueprint.In his 2025 mid-term monetary policy statem...Published: 12 Aug 2025 at 11:01hrs | 305 | by Staff reporter
Zimbabwe conducts digital currency survey
The Reserve Bank of Zimbabwe (RBZ) has intensified its preparations to introduce a Central Bank Digital Currency (CBDC) through a phased approach, starting with consumer perception surveys to gauge pu...Published: 12 Aug 2025 at 08:41hrs | 194 | by Staff reporter
Zimbabwe hits US$44,9bn in digital transactions
Zimbabwe's financial sector has marked a major milestone in its digital transformation, processing a record 381 million electronic transactions worth ZiG1,2 trillion (US$44,9 billion) in the first hal...Published: 12 Aug 2025 at 08:32hrs | 175 | by Staff reporter
Trends in Sports Betting Industry: Africa is not far behind
The sports betting industry in Africa is rapidly developing, turning from a niche segment into a key driver of the global industry. One of the main trends is the transition from individual betting to ...Published: 11 Aug 2025 at 10:15hrs | 146 | by Staff Reporter
RBZ's to unlock over US$1 billion in remittances
In a bold move to revive Zimbabwe's struggling economy, the Reserve Bank of Zimbabwe (RBZ) has announced a plan to securitize diaspora remittances, aiming to transform predictable inflows into investa...Published: 10 Aug 2025 at 18:36hrs | 314 | by Staff reporter
Lesetja Kganyago has intentionally destroyed black businesses
In a blistering and unfiltered critique, Khandani Msibi, Group CEO of NUMSA Investment Company and 3Sixty Global Solutions Group, has accused South African financial regulators of systematically targe...Published: 10 Aug 2025 at 16:17hrs | 712 | by Staff reporter
Zimbabwe needs US$10 billion to fix power crisis
Zimbabwe will require up to US$10 billion in energy sector investment over the next decade to meet rising electricity demand and address chronic power shortages, according to a new report by Veritas, ...Published: 10 Aug 2025 at 10:15hrs | 124 | by Staff reporter
244 buildings condemned in Bulawayo
Bulawayo City Council has condemned 244 properties across the city as dilapidated and issued urgent renovation notices to their owners, warning of potential enforcement action if repairs are not promp...Published: 10 Aug 2025 at 10:00hrs | 223 | by Staff reporter
RBZ cracks down on ZiG rejection
The Reserve Bank of Zimbabwe (RBZ) has issued a strong warning to businesses and service providers who are refusing to accept the Zimbabwe Gold (ZiG) currency, with central bank governor Dr John Musha...Published: 09 Aug 2025 at 13:28hrs | 377 | by Staff reporter
Zimbabwe's forex receipts surge to US$7.3 billion
Zimbabwe recorded a significant boost in foreign currency receipts, raking in US$7.3 billion during the first half of 2025, according to the Reserve Bank of Zimbabwe’s (RBZ) latest Monetary Policy S...Published: 09 Aug 2025 at 10:01hrs | 136 | by Staff reporter
How Mutare and Manicaland were annexed from the Portuguese
First - a tributeIn carrying out the background research I have been greatly impressed by the articles written by J.C. Barnes, who taught at Umtali Boys' High School and published both in Rhod...Published: 08 Aug 2025 at 21:43hrs | 1068 | by Zimfieldguide
Logistics firm in exchange control violation
Mapho Tradelink Procurement and Logistics Private Limited, a leading procurement and logistics company, has been taken to court for allegedly breaching the Exchange Control Act by making payments exce...Published: 08 Aug 2025 at 13:08hrs | 193 | by Staff reporter
'ZiG outperforms regional peers'
The Reserve Bank of Zimbabwe (RBZ) has lauded the Zimbabwe Gold (ZiG) currency for its sustained stability and strong performance compared to several regional currencies within the Southern African De...Published: 08 Aug 2025 at 13:02hrs | 301 | by Staff reporter
RBZ crackdown on money laundering
Following an intensive investigation into smuggling, money laundering, and financial externalisation, Zimbabwean authorities have launched a crackdown targeting several businesspeople and companies im...Published: 08 Aug 2025 at 09:15hrs | 572 | by Staff reporter
Zimbabweans pledge property for loans
Zimbabweans are increasingly pledging household items such as beds, fridges, and other personal property as collateral to secure small loans from financial institutions, highlighting the dire state of...Published: 08 Aug 2025 at 09:03hrs | 426 | by Staff reporter
RBZ upholds tight monetary policy to protect ZWG
The Reserve Bank of Zimbabwe (RBZ) on Thursday reaffirmed its tight monetary policy stance as a key strategy to conserve the local currency, despite mounting pressure from industry players to ease bor...Published: 08 Aug 2025 at 08:59hrs | 158 | by Staff reporter
Zimbabwe faces new threat from AI voice cloning scams
Last month, a disturbing case emerged from Canada where fraudsters used artificial intelligence to clone the voices of elderly Americans' grandchildren. Between 2021 and 2024, the ring targeted senior...Published: 08 Aug 2025 at 08:49hrs | 134 | by Staff reporter
Kariba water level declines
Lake Kariba is recording a steady drop in water levels, closing the latest monitoring period at 478,77 metres as of August 5, 2025, according to the Zambezi River Authority (ZRA).This represen...Published: 08 Aug 2025 at 08:45hrs | 214 | by Staff reporter
Zimbabwe banking sector profits drop
Zimbabwe's banking sector has reported a steep drop in earnings for the first half of 2025, with aggregate profits plunging to ZiG5,0 billion (US$184,07 million) from ZiG10,4 billion (US$760,37 millio...Published: 08 Aug 2025 at 08:30hrs | 135 | by Staff reporter
POSB launches solar, Starlink loan scheme for schools
The People's Own Savings Bank (POSB) has launched an ambitious solar and Starlink internet loan scheme targeted at Zimbabwe's schools, marking a rare example of a local bank offering accessible, impac...Published: 07 Aug 2025 at 17:25hrs | 364 | by Staff reporter
Zimbabwe races to implement IMF-backed reforms
Zimbabwe is racing to implement wide-ranging fiscal and monetary reforms agreed with the International Monetary Fund (IMF), as the country seeks to exit its long-standing debt crisis, rebuild trust wi...Published: 07 Aug 2025 at 17:16hrs | 456 | by Staff reporter
CBZ appoints Mthimukhulu as Managing Director
CBZ Bank has appointed Valeta Mthimukhulu as its new Managing Director, marking a new chapter for Zimbabwe's largest financial institution.Mthimukhulu brings with her over 20 years of executiv...Published: 07 Aug 2025 at 15:15hrs | 664 | by Staff reporter
Mnangagwa ally disburses nearly US$200K to Zanu-PF affiliates
Special Advisor to the President, Dr Paul Tungwarara, has disbursed nearly US$200,000 from the Presidential Revolving Fund to eight Zanu-PF-affiliated groups in Masvingo Province, urging beneficiaries...Published: 07 Aug 2025 at 13:33hrs | 488 | by Staff reporter
Zimbabwe's brief gold coin revival ends with little impact
Zimbabwe's central bank has ended its short-lived reintroduction of gold coins, citing high demand and rising international prices, but economists say the effort had little macroeconomic effect and of...Published: 07 Aug 2025 at 09:07hrs | 150 | by Staff reporter
Bulawayo councillors split over Egodini mall project
City councillors remain deeply divided on how to handle the stalled Egodini Mall redevelopment, as frustrations mount among residents over continued delays and traffic congestion attributed to the fai...Published: 07 Aug 2025 at 09:00hrs | 223 | by Staff reporter
Zimbabwe Company Director Arrested Over US$6 Million LP Gas Forex Scandal
The National Prosecuting Authority of Zimbabwe (NPAZ) has announced the arrest of businessman Grant Chitate and his company Wellington Thulisa (Pvt) Ltd in connection with a massive foreign currency v...Published: 06 Aug 2025 at 16:35hrs | 327 | by Stephen Jakes
Zimbabwe sees sharp rise in credit registry inquiries
Zimbabwe recorded a marked increase in credit registry inquiries between September 2024 and March 2025, with the most dramatic spike occurring in February this year, according to the Mid-Term Budget R...Published: 06 Aug 2025 at 09:15hrs | 380 | by Staff reporter
Zimbabwe govt urged to act on speculative pricing
The Consumer Council of Zimbabwe (CCZ) has urged enhanced cooperation between the Ministry of Finance, the Reserve Bank of Zimbabwe (RBZ), and consumer rights bodies to tackle rampant speculative pric...Published: 06 Aug 2025 at 08:53hrs | 66 | by Staff reporter
Director arrested over US$7.6m payments for LP gas imports
Grant Wellington Thulisa (Pvt) Ltd, represented by its director Grant Chitate, has been dragged before the courts on allegations of making unauthorised foreign payments totalling US$7.6 million for th...Published: 05 Aug 2025 at 17:44hrs | 1056 | by Staff reporter
FBC sees cautious recovery in Zimbabwe
Financial services firm FBC Securities says Zimbabwe's 2025 Mid-Year Budget and Economic Review points to a cautiously optimistic recovery trajectory, although tight fiscal and monetary conditions cou...Published: 05 Aug 2025 at 14:38hrs | 232 | by Staff reporter
Goat tender fraud trial resumes
The trial of businessmen Moses Mpofu and Mike Chimombe, accused of defrauding the Government of US$7 million under the Presidential Goat Pass-On Scheme, resumed yesterday with Mpofu outlining the fina...Published: 05 Aug 2025 at 08:58hrs | 271 | by Staff reporter
Zimbabwe retailers bank on 6% economic growth
The Confederation of Zimbabwe Retailers (CZR) says it expects consumer spending to rise this year, buoyed by the government's projected 6% economic growth, despite continued pressure on household inco...Published: 05 Aug 2025 at 08:53hrs | 57 | by Staff reporter
Body of drowned cop found after seven day search
The body of Constable Joseph Masvora (24), who drowned last Sunday at Bubi-Lupane Dam alongside Brian Thulani Ngwenya (26), was finally recovered yesterday morning, bringing to an end a grueling seven...Published: 04 Aug 2025 at 18:41hrs | 744 | by Staff reporter
Manyere, Nyengedza at centre of SA company collapse
Two prominent Zimbabwean businessmen, George Manyere and Godwin Nyengedza, are at the heart of the dramatic collapse of Afristrat Investment Holdings - a South African financial services firm formerly...Published: 04 Aug 2025 at 17:15hrs | 512 | by Staff reporter
NEC reviews wages for agricultural sector workers
The National Employment Council (NEC) for Zimbabwe's agricultural industry has announced an upward revision of minimum wages and allowances for workers in the sector, effective from June 1, 2025....Published: 04 Aug 2025 at 08:46hrs | 344 | by Staff reporter
Zanu-PF MP's property attached over US$34,000 fraud
The High Court has ordered the attachment of movable property belonging to Masvingo North legislator Brian Mudumi after he failed to repay US$34,000 in a fraud case involving his company, Cloud Africa...Published: 04 Aug 2025 at 08:40hrs | 434 | by Staff reporter
Gold Backed Currency vs Dollarisation: Lessons from Zimbabwe's New ZiG
Since April 2024, Zimbabwe has started a new monetary policy by introducing a gold-backed currency known as the Zimbabwe Gold (ZiG), to get rid of its reliance on the U.S. dollar. In t...Published: 03 Aug 2025 at 23:27hrs | 453 | by Staff Reporter
Company faces exchange control violation charges
A Harare-based company, Grant Thulisa (Pvt) Ltd, has been hauled before the courts on allegations of violating Zimbabwe's exchange control regulations after it allegedly misrepresented the amount of m...Published: 03 Aug 2025 at 12:17hrs | 200 | by Staff reporter
Supreme Court saves Ugandan couple from Harare houses seizure
The Supreme Court of Zimbabwe has quashed an unexplained wealth order previously issued against Ugandan nationals Robert Kwesiga and his wife, Sande Hilga Kwesiga, ruling that the prosecutor general f...Published: 03 Aug 2025 at 12:17hrs | 370 | by Staff reporter
Economists slam Mthuli Ncube's budget
Economists have sharply criticised Finance Minister Mthuli Ncube's 2025 mid-term budget and economic review, accusing the government of failing to deliver the structural reforms needed to address Zimb...Published: 03 Aug 2025 at 09:59hrs | 251 | by Staff reporter
Russia-Zimbabwe talks overshadowed by 'hitman' allegations
A high-powered delegation of 11 Russian officials arrived in Harare this week for a strategic meeting with Zimbabwe's Minister of Finance, Professor Mthuli Ncube, in a bid to deepen bilateral financia...Published: 02 Aug 2025 at 19:12hrs | 535 | by Staff reporter
Bindura neglects billing 1,598 households
Bindura Town Council has come under fire following revelations that it neglected to bill 1,598 households in the Garikai area for water services, resulting in a significant loss of revenue. The disclo...Published: 02 Aug 2025 at 10:12hrs | 33 | by Staff reporter
RBZ Chief charts path to monetary stability
Reserve Bank of Zimbabwe (RBZ) Governor Dr. John Mushayavanhu says the central bank is making steady progress in consolidating price stability, growing foreign reserves, and reinforcing the banking se...Published: 01 Aug 2025 at 13:12hrs | 172 | by Staff reporter
Lake Chivero crisis pushes wildlife and people to the edge
The stench of decay hangs heavy over Lake Chivero, long before the water even comes into sight. Once a shimmering lifeline for Harare's three million residents and a sanctuary for wildlife, the lake i...Published: 01 Aug 2025 at 13:07hrs | 338 | by Staff reporter
Mthuli Ncube admits economy chaos
The government has admitted that companies in Zimbabwe often make more money operating outside the law than when complying with regulations, in a rare acknowledgement of a system that punishes honesty...Published: 01 Aug 2025 at 09:12hrs | 630 | by Staff reporter
Load More Stories
