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RBZ warns over wild interest rates
The Reserve Bank of Zimbabwe (RBZ) has warned domestic banks against arbitrary hikes of lending rates and called for a fine balancing act in dealing with cost and inflationary pressures to avoid tippi...Published: 12 Apr 2019 at 07:28hrs | 2090 | by Staff reporter
Zimdaba concludes on a 'successful note'
LONDON - Business forum, Zimdaba concluded its two-day conference on a very productive note, with high-profile business leaders and governmental officials conti...Published: 11 Apr 2019 at 09:11hrs | 821 | by Tidi Kwidini
Facing national challenges: None but ourselves
In mid-March Zimbabwe together with Malawi and Mozambique fell victim to the violent and destructive Cyclone Idai which killed hundreds of people and left thousands displaced in these three southern A...Published: 08 Apr 2019 at 15:31hrs | 318 | by Nobleman Runyanga
Facing national challenges: None but ourselves
In mid-March Zimbabwe together with Malawi and Mozambique fell victim to the violent and destructive Cyclone Idai which killed hundreds of people and left thousands displaced in these three southern A...Published: 08 Apr 2019 at 12:17hrs | 135 | by Nobleman Runyanga
Zimbabweans should brace for imminent interest rates hike
Finance and Economic Development minister Mthuli Ncube has warned the country to brace for an imminent rise in interest rates.Interest rates in the southern African nation have been capped at ...Published: 05 Apr 2019 at 06:38hrs | 1066 | by Staff reporter
Zimbabwean banks ask RBZ to lift interest-rate cap
Zimbabwe's lenders, which include units of Standard Bank Group and Ecobank, appealed to the central bank to raise interest rates that have been capped at 12% for the past two years, saying this would ...Published: 03 Apr 2019 at 20:22hrs | 1537 | by Bloomberg
Zidera: Is Zimbabwe under sanctions or not?
Zimbabwe faces Zidera which was signed by US president George W. Bush into law in December 2001, allegedly to promote democracy and economic recovery in Zimbabwe.The question which arises of c...Published: 01 Apr 2019 at 12:20hrs | 1881 | by Colls Ndlovu
Govt, Zimra authorities in standoff over 2% tax
A standoff - which disrupted the start of the tobacco marketing season last week - has erupted between the Finance Ministry and the Zimbabwe Revenue Authority (Zimra) over the operationalisation of th...Published: 29 Mar 2019 at 12:07hrs | 1593 | by Staff reporter
NMB founder contests High Court ruling
NMB Bank founder Julius Makoni's loan dispute with his former bank is far from over as the banker-turned clergyman approached the Supreme Court challenging the High Court ruling compelling him to pay ...Published: 28 Mar 2019 at 23:34hrs | 337 | by Staff reporter
'US$45m traded on the interbank forex market over past 3 weeks'
THE Reserve Bank of Zimbabwe (RBZ) governor John Mangudya says US$45 million has been traded over the past three weeks of the interbank forex market, a 25% increase in the average weekly trades compar...Published: 28 Mar 2019 at 07:24hrs | 961 | by Staff reporter
Zimbabwe the way forward
Good Evening my fellow Zimbabweans, I would firstly like to offer my condolences to the bereaved families and offer some words of encouragement to the victims of cyclone Idai that affected the...Published: 27 Mar 2019 at 07:24hrs | 1303 | by Terence Simbi
Audit exposes HCC swindle
THE Harare City Council (HCC) could have been swindled of thousands of dollars after a forensic audit revealed that some of its point-of-sale (POS) machines were not linked to its bank accounts....Published: 26 Mar 2019 at 14:07hrs | 658 | by Staff reporter
NMB Bank founder to pay back $1.1m
Former NMB Bank founder Mr Julius Makoni started his banking business with the intention to harvest money from the financial institution for himself, the High Court ruled in a case in which the banker...Published: 25 Mar 2019 at 22:43hrs | 1017 | by Staff reporter
Zimbabwe banks must support the interbank trading
THE interbank market, revived by the Reserve Bank of Zimbabwe (RBZ) recently, has gotten off to a slow start because the majority - if not all the banks - are still in the process of putting their sys...Published: 24 Mar 2019 at 14:11hrs | 521 | by Andrew Lampard
Heavyweights vie for ZACC posts
High-profile figures are among the list of 133 people who have been nominated for interviews to become commissioners of the Zimbabwe Anti-Corruption Commission (ZACC). Following the resignatio...Published: 20 Mar 2019 at 07:23hrs | 679 | by Staff reporter
Gono to land top ZANU PF post?
Former Reserve Bank of Zimbabwe Governor Gideon Gono's political fortunes may rise again as he may be earmarked for a Politiburo position during the ZANU PF annual December Conference.A Centra...Published: 19 Mar 2019 at 06:09hrs | 6054 | by Mandla Ndlovu
RBZ, CZI push for interest on forex accounts
The Reserve Bank of Zimbabwe (RBZ) and industry are currently engaging banks to offer interest on foreign currency deposits in order to attract more inflows, particularly those with a long-term tenure...Published: 17 Mar 2019 at 08:33hrs | 197 | by Staff reporter
Paynet Zimbabwe services go offline
BUSINESS has been affected after Paynet Zimbabwe services went offline, cutting off local banks following failure to pay external licence fees. Paynet is the electronic payments processing sys...Published: 15 Mar 2019 at 05:56hrs | 1006 | by Staff reporter
Embargoes throttle Zimbabwe's financial system
Earlier this month, United States President Donald Trump extended the economic sanctions against Zimbabwe by a year, claiming that new Government's policies continue to pose an "unusual and extraordin...Published: 15 Mar 2019 at 05:50hrs | 342 | by Tawanda Musarurwa
Mangudya taunts Mthuli Ncube
Reserve Bank of Zimbabwe (RBZ) governor John Mangudya yesterday denied that the central bank was involved in any quasi-fiscal activities and called out Finance minister Mthuli Ncube and parliamentary ...Published: 12 Mar 2019 at 10:05hrs | 3465 | by Staff reporter
Tobacco season to begin next week
ZIMBABWE'S 2019 tobacco marketing season will start on March 20, the industry's regulator has said.Tobacco is the country's second biggest export earning commodity after gold.Last year...Published: 12 Mar 2019 at 06:04hrs | 435 | by Staff reporter
Mangudya's RBZ tenure coming to an end
AS the curtain comes down on Reserve Bank of Zimbabwe (RBZ) governor John Mangudya's five-year term of office, speculation has been rife on whether he will be handed another contract or not.Ma...Published: 10 Mar 2019 at 09:05hrs | 2506 | by Staff reporter
Encryption in Cryptocurrencies blows up
The recent death of Gerry Cotten in India in December 2018, the founder of cryptocurrency exchange, QuadrigaCX, has thrown the cryptocurrency market into disarray with reported missing cash, worth hun...Published: 05 Mar 2019 at 22:32hrs | 429 | by Colls Ndlovu
Panonetsa Mangudya humbles Biti
Reserve Bank of Zimbabwe (RBZ) Governor Dr John Mangudya yesterday exposed former Finance Minister Tendai Biti's hypocrisy after the former Cabinet minister accused Treasury of failing to seek Parliam...Published: 05 Mar 2019 at 07:10hrs | 842 | by Staff reporter
Can the interbank FX market end the black market?
The recent monitory policy statement announcement by the Reserve Bank of Zimbabwe (RBZ) paved way for the re-introduction of the Interbank Foreign Exchange market as recommended by industry captains w...Published: 04 Mar 2019 at 10:09hrs | 2333 | by Victor Bhoroma
Beggar-thy-neighbour protectionist policy is decadent
Reports that the Zimbabwean government wants to liberalize fuel imports is a very significant development that will go a long way towards solving the country's artificial fuel shortages once and for a...Published: 03 Mar 2019 at 11:06hrs | 711 | by Colls Ndlovu
SA firm to launch data and related mobile service business in Bulawayo
South Africa-based digital communications entrepreneur and award-winning economist, Mr Collet Ndlovu, is planning to launch a new data and related mobile service business in Bulawayo under the trade n...Published: 27 Feb 2019 at 07:28hrs | 1819 | by Staff reporter
'Govt to finalise 99-year leases banking instruments'
FINANCE minister Mthuli Ncube says the process of modifying 99-year leases to be bankable instruments needs to be brought to finality so as to unlock funding to the agriculture sector and make it more...Published: 26 Feb 2019 at 06:56hrs | 675 | by Staff reporter
A lot of US dollar buyers, but no sellers over low rate set by RBZ
Zimbabwe's new currency will be backed up with fiscal discipline, Finance Minister Mthuli Ncube said on Monday, adding that the government would allow the RTGS dollar to fluctuate but would manage exc...Published: 26 Feb 2019 at 06:41hrs | 2899 | by ZimLive
Meet Strive Masiyiwa and Chanakira's funder
Andrew Young, Jr has been noted as one of the major people who funded Telecoms Guru Strive Masiyiwa and Banker Nigel Chanakira, it has emerged. Shadowy Twitter character Mmatigari revealed thi...Published: 25 Feb 2019 at 14:28hrs | 7819 | by Mandla Ndlovu
Forex parallel market bullish
FOREIGN currency parallel market traders are unfazed by the introduction of the interbank market auction of the real time gross settlement dollars (RTGS$) and have continued trading on the streets wit...Published: 25 Feb 2019 at 08:16hrs | 2670 | by Staff reporter
Violence is 'not the way', says Mugabe
Song and dance bellowed from the Blue Roof mansion in the usually quiet upmarket Borrowdale suburb, as hundreds of invited guests on Saturday attended the birthday party for former Zimbabwean presiden...Published: 24 Feb 2019 at 15:06hrs | 3690 | by STaff reporter
Mugabe blasts Mnangagwa for killing only 17 people in Harare
Song and dance bellowed from the Blue Roof mansion in the usually quiet upmarket Borrowdale suburb, as hundreds of invited guests on Saturday attended the birthday party for former Zimbabwean presiden...Published: 24 Feb 2019 at 06:58hrs | 16882 | by TimesLive
Mangudya's retreat to safety is timely.....
Governor Mangudya has fundamentally been a good central banker, and perhaps that is why, just like yesterday afternoon, he frequently deflates the air of anticipation that precedes his scheduled polic...Published: 21 Feb 2019 at 21:03hrs | 1465 | by Staff reporter
UK volunteer facing Zimbabwe deportation praises 'heartwarming' support at rally
A Sheffield volunteer fighting deportation to Zimbabwe thanked supporters for their ‘heartwarming' backing, as he addressed protesters today.More than 75,000 people have signed a petition ca...Published: 21 Feb 2019 at 07:19hrs | 603 | by thestar.co.uk
Zimbabwe abandons the 1:1 rate
The Reserve Bank of Zimbabwe (RBZ) will introduce Foreign Currency Accounts (FCAs) that will be utilising the real time gross settlement system (RTGS) by the end of this month. This comes as t...Published: 20 Feb 2019 at 22:37hrs | 838 | by Staff reporter
Full RBZ Monetary Policy statement.
THE Reserve Bank of Zimbabwe (RBZ) has liberalised the US dollar exchange rate against real time gross settlement balances (RTGS), bond notes and all currencies in the multi-currency basket, as i...Published: 20 Feb 2019 at 14:48hrs | 7150 | by RBZ
Banks plunge into fresh crisis
THE Reserve Bank of Zimbabwe (RBZ) shot down an urgent request by commercial banks to raise interest rates and transaction charges at a crisis meeting held in Harare last week, arguing the move would ...Published: 15 Feb 2019 at 14:35hrs | 3164 | by Staff reporter
Zanu PF blames UK MP for failing to re-engage IMF - by rigging elections, Mnangagwa delivered the coup de grace
"GOVERNMENT will continue to double down on its re-engagement policy notwithstanding the negative attempts by some British legislators to continue isolating Zimbabwe, a senior Government official has ...Published: 04 Feb 2019 at 14:53hrs | 917 | by Patrick Guramatunhu
Mnangagwa must act on reforms, promote democracy
newsdayZimbabwe, a land of unparalleled beauty and infinite potential, is again under democratic and economic siege. Armed men are removing residents from their homes. Unknown assailants have burnt th...Published: 04 Feb 2019 at 08:07hrs | 1861 | by Staff reporter
Zimbabwe banks plunge deeper into forex crisis
A vendor counts money at a vegetable street market in Caracas, Venezuela, on Wednesday, Aug. 17, 2016. Venezuela's imports from its six biggest trading partners including Brazil, the U.S., China, Arge...Published: 01 Feb 2019 at 14:06hrs | 1307 | by Staff reporter
Mnangagwa's aides in turf war
A war of words that erupted between President Emmerson Mnangagwa's propagandists could be indicative of a major turf war among key actors in his administration.Last week, Mnangagwa's spokesper...Published: 30 Jan 2019 at 22:01hrs | 6408 | by Staff reporter
Who really calls the shots in bloody Zimbabwe crackdown?
THE two girls, one 11 and the other 12, were on their street in the Pumula district of Bulawayo one afternoon, going between each other's homes, when they made the mistake of peeping through the wall ...Published: 28 Jan 2019 at 10:58hrs | 1033 | by The Times (UK)
'Govt subsidies for private players not sustainable'
Government has been warned against clandestine price controls being effected through its stranglehold on foreign currency allocation.Economic analysts said there were companies that were being...Published: 27 Jan 2019 at 19:18hrs | 1361 | by Staff reporter
Mthuli Ncube vows bold economic turnaround
Finance Minister Mthuli Ncube painted an optimistic outlook for Zimbabwe on Tuesday, despite protests over fuel prices that human rights groups say have left at least a dozen people dead.Ncube...Published: 23 Jan 2019 at 12:57hrs | 2049 | by ZimLive
MDC-Alliance's orgy of violence
Around 8am on Tuesday, Lewis Marimo (not his real name) dodges a pelt of stones as he navigates a makeshift barricade at the intersection of High Glen Road and First Street near Kuwadzana, Harare....Published: 20 Jan 2019 at 09:10hrs | 143 | by Staff reporter
REVEALED: ZANU PF fingered in violent protests and looting
ZANU PF members have been fingered as the ring leaders behind the violent protests and looting that happened in some parts of Harare fueling speculations that the protests were hijacked by criminal el...Published: 17 Jan 2019 at 08:49hrs | 3918 | by Mandla Ndlovu
Zimbabwe wheat stuck in Mozambique
Aconsignment of 30 000 metric tonnes of wheat which was sourced from Lithuania by the Grain Millers' Association of Zimbabwe (GMAZ) is stuck at Beira port in Mozambique after the Reserve Bank of Zimba...Published: 06 Jan 2019 at 10:14hrs | 997 | by Staff reporter
Delta debacle: Dialogue key
The debacle between Government and Delta Corporation over the latter's announcement that it intended to price its products in foreign currency, brings to the fore the dire need for a social contract b...Published: 06 Jan 2019 at 09:43hrs | 317 | by Africa Moyo
Zimbabwe's muscle-conomics: The Case of Delta and Civil Servants
In a joint press release on January 3 by the central bank and Delta Corporation, whose arm is the country's biggest beverages maker, backtracked on its decision to sell its products in hard currency. ...Published: 04 Jan 2019 at 13:40hrs | 4960 | by Robert Sigauke, Political Commentator, Cape Town
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