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Zimbabwean accountant's estate sequestrated for R17 million fraud
A Zimbabwean accountant has had his estate finally sequestrated after stealing millions of rand from his former employer, Johannesburg-based non-profit company Education and Training Unit (ETU)....Published: 8 hrs ago | 658 | by Staff reporter
High bank charges hindering financial inclusion in Zimbabwe
High bank charges imposed by local financial institutions are choking financial inclusion in Zimbabwe and running contrary to best practices across the region, a new National Economic Consultative For...Published: 9 hrs ago | 292 | by Staff reporter
Zimbabwe risks missing out on AfCFTA gains
Zimbabwe is at risk of missing out on the vast opportunities of the African Continental Free Trade Area (AfCFTA) as bureaucratic delays stall the gazetting of tariffs and rules of origin needed to unl...Published: 9 hrs ago | 148 | by Staff reporter
1,4 million youths jobless in Zimbabwe
Zimbabwe is grappling with a staggering 1,4 million unemployed youths, a figure United Nations resident and humanitarian co-ordinator Edward Kallon described as "disturbing" during the launch of the U...Published: 9 hrs ago | 74 | by Staff reporter
Televised DNA testing must be banned in Zimbabwe
DNA testing and its use in private family matters of biological relationships must be regulated by law.It should be restricted to resolve family issues privately in line with other regulations...Published: 17 hrs ago | 167 | by Glanis Changachirere
RBZ slams Zimbabwe banks over punitive fees
Zimbabwe's banks are facing criticism from both depositors and the Reserve Bank of Zimbabwe (RBZ) over the imposition of high fees and charges, which are increasingly seen as exploitative.RBZ ...Published: 17 hrs ago | 129 | by Staff reporter
Business leaders demand crisis talks with Mnangagwa
Zimbabwe's business leaders are pressing for an urgent meeting with President Emmerson Mnangagwa, warning that unresolved economic challenges require his direct intervention as ministries and regulato...Published: 28 Aug 2025 at 06:55hrs | 1035 | by Staff reporter
Inflation slowdown boosts confidence in ZiG stability
Zimbabwe recorded a marked slowdown in price growth in August, strengthening government claims that currency reforms are beginning to stabilise the economy, despite year-on-year inflation remaining hi...Published: 28 Aug 2025 at 06:54hrs | 241 | by Staff reporter
Zimbabwe's gold exports soar
Zimbabwe's gold exports surged to US$1,385 billion in the first seven months of 2025, a 60,5 percent increase from the US$863,1 million recorded during the same period last year, according to the late...Published: 28 Aug 2025 at 06:53hrs | 354 | by Staff reporter
Zimbabwe records rise in father-daughter abuse
Zimbabwe is witnessing a disturbing surge in sexual gender-based violence (SGBV), with fathers emerging as the primary perpetrators, authorities have warned.Speaking at the Women's Coalition o...Published: 27 Aug 2025 at 23:02hrs | 268 | by Staff reporter
Mnangagwa's land and irrigation push sparks legal and corruption concerns
President Emmerson Mnangagwa on Monday handed out "title deeds" to 10,000 A1 farmers and launched a US$2 billion irrigation programme, promising to transform small-scale farming into a climate-resilie...Published: 27 Aug 2025 at 23:02hrs | 182 | by Staff reporter
RBZ begins production of redesigned ZiG banknotes
The Reserve Bank of Zimbabwe (RBZ) has commenced production of redesigned ZiG banknotes, set to enter circulation soon as part of the central bank's de-dollarisation roadmap, which targets a transitio...Published: 26 Aug 2025 at 07:55hrs | 489 | by Staff reporter
RBZ to engage mobile operators on currency parity
The Reserve Bank of Zimbabwe (RBZ) has announced plans to work with mobile network operators to ensure parity in trading between the local gold-backed Zimbabwe Gold (ZiG) currency and the US dollar un...Published: 25 Aug 2025 at 06:00hrs | 423 | by Staff reporter
RBZ guarantees US$ contracts beyond 2030
The Reserve Bank of Zimbabwe (RBZ) has reassured markets that U.S. dollar contracts will remain valid even after the government's 2030 de-dollarisation deadline, a major policy shift aimed at preventi...Published: 24 Aug 2025 at 19:19hrs | 369 | by Staff reporter
IDBZ manager probed in student facility fraud
The Infrastructure and Development Bank of Zimbabwe (IDBZ) has launched an investigation into former senior manager Suckson Muswe, formerly known as Makwasha, over allegations that he inflated costs d...Published: 24 Aug 2025 at 19:16hrs | 621 | by Staff reporter
Bulawayo water, sewer woes persist
As Bulawayo enters the final quarter of 2026, water shortages, frequent sewer bursts, and crumbling service delivery continue to fuel tensions between residents and the city council.Interviews...Published: 24 Aug 2025 at 14:40hrs | 132 | by Staff reporter
Bulawayo's food insecure received pay outs
More than 39 000 vulnerable and food-insecure people in Bulawayo received monthly allowances of up to US$13 between October 2024 and mid-2025, Parliament has been informed.Public Service, Labo...Published: 24 Aug 2025 at 09:50hrs | 122 | by Staff reporter
+40,000 vehicles vanish after entering Zimbabwe
The Zimbabwe Revenue Authority (Zimra) has failed to account for more than 40 000 vehicles that entered the country under Temporary Import Permits (TIPs), according to the latest Auditor-General's rep...Published: 24 Aug 2025 at 09:23hrs | 1014 | by Staff reporter
SEO that converts in financial services - Why Absolute Digital Media leads the global pack
In the fast-evolving world of financial services, visibility is no longer optional - it's critical. Brands operating in competitive financial sectors need more than just a basic online presence. They ...Published: 23 Aug 2025 at 22:06hrs | 60 | by Ben Austin
Zimbabwe's 2008 financial crash continues to haunt regulators
More than 15 years after Zimbabwe's 2008 financial collapse, the country's financial sector is once again under scrutiny as an estate developer has taken legal action against the Reserve Bank of Zimba...Published: 22 Aug 2025 at 13:20hrs | 234 | by Staff reporter
Zimbabwe FIU fines 4 banks over weak AML Controls
Zimbabwe's Financial Intelligence Unit (FIU) fined four banks up to US$30 000 each last year after uncovering serious lapses in anti-money laundering (AML) and counter-terrorist financing (CFT) system...Published: 22 Aug 2025 at 13:20hrs | 447 | by Staff reporter
How to tell if you are financially ready for franchise ownership
Franchise ownership can be an exciting way to step into entrepreneurship with the support of an established brand. Unlike starting a business from scratch, franchises offer proven systems, training, a...Published: 22 Aug 2025 at 12:56hrs | 100 | by Staff Reporter
Fong-kong receipts alleged in Highlanders FC player deal
Bulawayo Chiefs Football Club president, Mr Lovemore Sibanda, has told the court that receipts issued for the transfer of two of his club's players to Highlanders FC were fake.Mr Sibanda testi...Published: 21 Aug 2025 at 16:20hrs | 579 | by Staff reporter
Are Zimbabwe economic growth rates real?
Every year, the Zimbabwean government and multilateral financial institutions project that the economy will grow by huge margins, yet the current economic situation does not meaningfully change, and i...Published: 21 Aug 2025 at 13:08hrs | 287 | by Delani Mangena
Employees in $1.5 million illegal forex transfers to UAE
Two employees of a Harare-based company have appeared in court for allegedly operating an unlicensed money transfer business that moved more than US$1.5 million offshore.Kudzai Munatsi, 37, of...Published: 21 Aug 2025 at 08:46hrs | 399 | by Staff reporter
Zimbabwe turns to Japan for energy investments
Zimbabwe is exploring investment and technological partnerships with Japanese energy companies and government agencies to tackle one of the country's worst power shortages in decades. Households and b...Published: 21 Aug 2025 at 08:41hrs | 145 | by Staff reporter
Stanbic Bank sponsored Stragglers Cricket week returns with 540 players
Zimbabwe's flagship junior cricket development initiative, the Stragglers Junior Cricket Week, is set to commence on 25 August, bringing together 540 aspiring cricketers for a week of immersive traini...Published: 20 Aug 2025 at 22:32hrs | 136 | by Agencies
RBZ restores RTGS system after technical fault
The Reserve Bank of Zimbabwe (RBZ) says it has restored the Real Time Gross Settlement (RTGS) system following a technical fault that disrupted transfers and some cross-border transactions since Tuesd...Published: 20 Aug 2025 at 18:16hrs | 329 | by Staff reporter
CBZ appoints Group Chief Risk Officer
CBZ Holdings has announced the appointment of Eunice Mujekenyeki as its new Group Chief Risk Officer, bringing over two decades of experience in the financial services sector to the role.Ms. M...Published: 20 Aug 2025 at 18:15hrs | 567 | by Staff reporter
The horrors of Gukurahundi and complicity of World Bank and IMF
To put it into perspective, Gukurahundi was characterised by inversion of human rights violations, including torture, disappearances, abductions, sexual molestation, rape, ethnic profiling and arbitra...Published: 20 Aug 2025 at 13:40hrs | 339 | by Dr Gorden Moyo
South Africa is in serious trouble
South Africa has been hit by some of the highest tariffs of any country, with increased duties placed on its goods exported to the United States. At 30%, the tariffs on South Africa are t...Published: 20 Aug 2025 at 11:07hrs | 1779 | by Staff reporter
Zimbabwe secures extradition of 22 fugitives
Zimbabwe is set to receive 22 suspected criminals extradited from countries including South Africa, Botswana, Portugal and the United Arab Emirates (UAE) in what authorities say could be the country's...Published: 20 Aug 2025 at 09:06hrs | 304 | by Staff reporter
Hospital accountant jailed 12 years for US$123,000 fraud
A 30-year-old accountant has been sentenced to 12 years in prison after defrauding his employer, a private hospital in Harare, of more than US$123,700, ZW$15.3 million, and ZiG95,409.Tonderai ...Published: 19 Aug 2025 at 19:12hrs | 1164 | by Staff reporter
Pastors4ED question disbursement of Presidential fund method
Tension briefly flared at the Masvingo Agricultural Showgrounds when members of Pastors4ED voiced frustration over the method of receiving their share of the Presidential Empowerment Revolving Fund....Published: 19 Aug 2025 at 19:09hrs | 392 | by Staff reporter
AfDB projects 6% economic growth for Zimbabwe
The African Development Bank (AfDB) has projected that Zimbabwe is on track to achieve a six percent economic growth rate this year, supported by stability and recovery across key productive sectors....Published: 19 Aug 2025 at 18:51hrs | 155 | by Staff reporter
RBZ to regulate AI in Zimbabwe's banks
The Reserve Bank of Zimbabwe (RBZ) is developing specific rules to regulate the use of artificial intelligence (AI) within the country's financial institutions, signaling a major step toward modernizi...Published: 19 Aug 2025 at 18:30hrs | 146 | by Staff reporter
RBZ hit by technical glitch
The Reserve Bank of Zimbabwe (RBZ) has informed the public of a technical issue currently affecting its network, which may lead to delays in various banking services.In a notice issued on 18 A...Published: 19 Aug 2025 at 12:28hrs | 663 | by Staff reporter
Harare paid millions on roads that don't exist
Harare faces fresh scrutiny after reports revealed that millions of US dollars were paid for the rehabilitation of 43 roads that were never constructed. A 2019 internal audit confirmed that, despite f...Published: 19 Aug 2025 at 12:08hrs | 1004 | by Staff reporter
Rand manipulators taken to ConCourt
The Constitutional Court will hear the Competition Commission's bid to overturn a ruling that cleared major banks of wrongdoing in a decade-long rand manipulation case. The proceedings are scheduled f...Published: 19 Aug 2025 at 11:04hrs | 504 | by Staff reporter
Digital shift boosts Zimbabwe's tax collections
Zimbabwe's domestic resource mobilisation drive has received a significant boost following the launch of a fully digital tax collection system, a move set to improve efficiency, reduce costs, save tim...Published: 19 Aug 2025 at 09:02hrs | 142 | by Staff reporter
ZiG gains traction in domestic transactions
The Zimbabwe Gold (ZiG) currency is gaining momentum in the domestic financial system, now accounting for 40 percent of electronic payment transactions, six months after a strategic push by the Reserv...Published: 19 Aug 2025 at 08:53hrs | 133 | by Staff reporter
If Mnangagwa wants to know what 'nyika inovakwa nevene vayo' really means, he should learn from Rhodesians!
Sometimes, words are cheap, and it is often those who boast the most who achieve the least.When the late Robert Mugabe popularized the phrase 'nyika inovakwa nevene vayo' - and his successor E...Published: 19 Aug 2025 at 08:08hrs | 426 | by Tendai Ruben Mbofana
RBZ orders banks to report on rural financial literacy outreach
The Reserve Bank of Zimbabwe (RBZ) has stepped up efforts to promote financial literacy in rural and marginalised communities, directing all banks and microfinance institutions to submit quarterly upd...Published: 18 Aug 2025 at 08:42hrs | 200 | by Staff reporter
CBZ manager fired over missing RTGS3,000
A former Commercial Bank of Zimbabwe (CBZ) branch manager who was fired over financial irregularities involving RTGS3 000 has lost his appeal at the Labour Court, which upheld his dismissal.Co...Published: 17 Aug 2025 at 10:11hrs | 426 | by Staff rporter
Ex-bank consultant jailed for US$23,000 fraud
A former ZB Bank loan consultant, Cosmas Bhude, has been sentenced to an effective three years and nine months in prison for defrauding clients of more than US$23,000 through a series of fraudulent lo...Published: 16 Aug 2025 at 13:25hrs | 162 | by Staff reporter
Funds looted in shocking Harare 'ghost projects' scandal
Millions of dollars earmarked for road rehabilitation and water infrastructure in Harare have disappeared under murky circumstances, with contractors paid in full for projects that were never carried ...Published: 16 Aug 2025 at 13:17hrs | 109 | by Staff reporter
Massive US$100,000 fines for Zimbabwe forex offenders
The Reserve Bank of Zimbabwe (RBZ) has introduced heavy fines and tougher enforcement measures against individuals, companies, and financial institutions caught breaking exchange control regulations....Published: 16 Aug 2025 at 13:13hrs | 477 | by Staff reporter
Shell companies siphon US$450m from Zimbabwe, SA
A network of 23 shell companies operating between Zimbabwe and South Africa has been implicated in laundering US$450 million through illicit financial flows (IFFs), part of an estimated US$3 billion i...Published: 15 Aug 2025 at 14:22hrs | 527 | by Staff reporter
FBC urges clear Zimbabwe de-dollarisation framework
FBC Holdings Limited has called on the Reserve Bank of Zimbabwe (RBZ) to establish a clear and credible framework for de-dollarisation to ease pressure on the country's foreign currency reserves....Published: 15 Aug 2025 at 08:55hrs | 405 | by Staff reporter
Gweru City Council in financial scandal
A damning 2024 Auditor-General's report has exposed deep-seated financial mismanagement at Gweru City Council, revealing unreconciled bank variances amounting to ZWL$4,9 billion, missing asset records...Published: 15 Aug 2025 at 08:41hrs | 186 | by Staff reporter
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