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Paynet, banks impasse slows billions
AN irretrievably broken down relationship between banks and Paynet Zimbabwe, which until June this year was Zimbabwe's sole bulk payments enabler, may have significantly cut down turnaround time for t...Published: 5 hrs ago | 741 | by Staff reporter
A currency backed by nothing
On February 25, 1862, United States President Abraham Lincoln signed the Legal Tender Act, a brainchild of Elbridge Spaulding. Those were terrifying times. The republic was at war with itself and woul...Published: 5 hrs ago | 757 | by eBusiness Weekly
Telecomms a new loss making business in Zimbabwe?
Zimbabwe mobile network operators have seen revenue decline and reporting break evens, in this highly inflationary environment. If this persists at this rate, they will be soon reporting loses as the ...Published: 18 Jul 2019 at 08:04hrs | 574 | by Staff reporter
Solar energy is forever
Working for yesteryears PTC was everyone's aspiration and great wish. The entity was in comfort zone, it considered postage stamp sales its cash cow and permanent source of huge revenues till 'boys ca...Published: 17 Jul 2019 at 20:56hrs | 1105 | by Thomas Murisa
Stanbic Bank pays workers advance wage to avert strike
STANBIC Bank Limited, a subsidiary of the South African based Standard Bank of South Africa Limited, advanced its employees ZWL$1 000 in allowances to avert a strike last week as the economic situatio...Published: 17 Jul 2019 at 07:48hrs | 1191 | by Staff reporter
Zimnat launches another innovative billboard campaign
Motorists driving towards Harare's city centre along Borrowdale Road are likely to be surprised to see just before the racecourse what appears to be boulders falling from a container on a billboard an...Published: 15 Jul 2019 at 18:07hrs | 2060 | by Agencies
VACANCIES: Stanbic Bank 2019/2020 internship program
Stanbic Zimbabwe is pleased to launch the 2019/2020 Internship Program, Zim Techreview reports. We invite self-driven,...Published: 14 Jul 2019 at 19:49hrs | 3253 | by Staff reporter
How to speak Zimbabwean
Very often, you hear the words "resilient" and "innovative" attached to Zimbabwean people. But what most outsiders don't know is that to be Zimbabwean, one must speak a language only known to the coun...Published: 12 Jul 2019 at 19:55hrs | 1906 | by Chazz Cummings
The Grand plan, gukurahundi, the Unity Accord 1987 - A program of invasion
This is a follow up of my Press Release released on 3rd July 2019. The focus today is Gukurahundi; its origins, meaning, and its role in the unprecedented influx of the Shona community in every part o...Published: 12 Jul 2019 at 10:14hrs | 1951 | by King Mzilikazi II
Exchange rate upward pressure on
Exchange rate upward pressure onTHERE were signs this week that the grey market was slowly returning from its brief sabbatical following the monetary policy dawn raid of June 24 that called out th...Published: 12 Jul 2019 at 08:51hrs | 5030 | by Brett Chulu
Mnangagwa's govt targets unregistered downtown shops
GOVERNMENT will soon pounce on unregistered shops in downtown Harare, which it blames for fuelling the parallel market for foreign currency and other illegal activities, Industry and Commerce Minister...Published: 10 Jul 2019 at 20:42hrs | 1237 | by Staff reporter
Multi-currency was a disaster
Government says multi-currency system created fiscal and monetary challenges, stunting economic growth and making most industries in Zimbabwe uncompetitive. Treasury permanent-secretary George...Published: 08 Jul 2019 at 08:31hrs | 3630 | by Staff reporter
'Multi-currency stifled Zimbabwe economic growth'
THE use of the multi-currency system since 2009 stifled growth as the country could not utilise monetary instruments to stimulate economic activity, Finance and Economic Development Minister, Prof Mth...Published: 08 Jul 2019 at 07:57hrs | 741 | by Staff reporter
UZ accommodation for August 2019 intake students
The University of Zimbabwe wishes to advise successful applicants for the August 2019 intake that the online application window for student accommodation will open on the 8the of July 2019. Pl...Published: 07 Jul 2019 at 22:09hrs | 4093 | by Ndou Paul
Nkosinathi Ncube quits NetOne
NetOne Managing Director for Mobile Financial Services (MFS) Nkosinathi Ncube tendered his resignation on Tuesday this week, Zim Tech...Published: 05 Jul 2019 at 19:34hrs | 3183 | by Staff reporter
Stanbic, SAZ in solar plant deal
FINANCIAL services institution, Stanbic Bank Zimbabwe, has facilitated the construction of a ZAR7 million 190kw solar plant for Standards Association of Zimbabwe (SAZ) as part of interventions to aid ...Published: 05 Jul 2019 at 08:01hrs | 275 | by Staff reporter
Fresh liquidity crunch hits Zimbabwe banks
A severe liquidity crunch is looming in the fragile financial services sector following government's directive compelling all banking institutions to transfer to the central bank local currency balanc...Published: 04 Jul 2019 at 09:11hrs | 3890 | by STaff reporter
Is there any need for Zimbabwean banks to be technologically updated?
If a bank is stuck in last century thinking with last century leadership such cultural strategy will lead to eventual failure.I was in a hotel for lunch with a friend, when he asked me: "What ...Published: 03 Jul 2019 at 10:24hrs | 994 | by Elvis Dvene
RBZ takes aim at forex speculators
Government says the sharp hike of the overnight bank rate by the Reserve Bank of Zimbabwe to support the domestic currency will discourage borrowing for currency speculation as well as protect the val...Published: 03 Jul 2019 at 08:29hrs | 2665 | by Staff reporter
Is there any need for Zimbabwean banks to be technologically updated?
If a bank is stuck in last century thinking with last century leadership such cultural strategy will lead to eventual failure.I was in a hotel for lunch with a friend, when he asked me: "What ...Published: 03 Jul 2019 at 07:51hrs | 1204 | by Elvis Dvene
Zimbabwe to print $400 million bond notes
ZIMBABWE will print ZWL$400 million bond notes which it says will be drip-fed into the economy to cover the gap left after government banned the use of multi-currencies in local transactions.T...Published: 02 Jul 2019 at 08:32hrs | 4464 | by Staff reporter
Mthuli Ncube's quotes on currency reforms . . .
"Replacing the multi-currency regime anchored in the United States dollar by the South African rand as the sole transaction currency would help reduce over-valuation and stimulate exports and growth. ...Published: 01 Jul 2019 at 08:13hrs | 3731 | by Lisa Tazviinga
Zimbabwe banks dump Paynet
ZIMBABWE banks have dumped Paynet, a subsidiary of Mauritian financial services provider Cambria, as they are developing their own new system expected to be in place mid-July, businessdigest has learn...Published: 30 Jun 2019 at 09:07hrs | 1351 | by Staff reporter
Currency reforms restore country's sovereign dignity
The Transitional Stabilisation Programme (TSP) has laid the foundation for fiscal consolidation at the same time generating sustainable budget methods. So far, the implementation of the TSP ha...Published: 30 Jun 2019 at 09:03hrs | 168 | by Richard Mahomva
It's up to us to make Zimdollar work
The record needs to be set straight that Finance minister Mthuli Ncube has done nothing outrageous and/or unprecedented by banning the use of foreign currencies in domestic transactions.Accord...Published: 28 Jun 2019 at 06:25hrs | 2053 | by Conway Tutani
Lance Mambondiani joins BancABC Zimbabwe
The Board, Management and Staff of BancABC Zimbabwe welcome Dr. Mambondiani to the BancABC team. Dr. Mambondiani has been appointed as Managing Director and CEO for BancABCZmbabwe with effect ...Published: 27 Jun 2019 at 08:58hrs | 2762 | by Staff reporter
Scrapping of multi-currency regime: The implications
ON Monday, the government announced major changes in the monetary policy of Zimbabwe, highlighted by the ending of a 10-year multi-currency system.Further measures announced include the intend...Published: 26 Jun 2019 at 07:32hrs | 3060 | by Respect Gwenzi
Reserve Bank scraps US$10 000 daily trading limit for bureaux de change
THE Reserve Bank of Zimbabwe (RBZ) has scrapped the US$10 000 daily trading limit for bureaux de change and the 2,5 percent maximum profit margin for banks, in a bid to make the interbank forex market...Published: 26 Jun 2019 at 07:07hrs | 963 | by Staff reporter
Cyberwarfare is here
The USA has for the first time declared a cyber war on Iran, this is the first official Cyberwarfare, a true reflection that future wars will be fought on the cyberspace. Cyberwarfare is a term that d...Published: 25 Jun 2019 at 20:50hrs | 1568 | by Jacob Kudzayi Mutisi
Zimbabwe's return to own currency is a brave move
When the government introduced bond notes it was very clear that the pretence currency was bad money that was going to wipe away good money. This came very true in a fast manner. Within a few months, ...Published: 25 Jun 2019 at 19:38hrs | 6911 | by Dr Masimba Mavaza
Zimnat and Sanlam continue to assist cyclone victims
Zimnat, together with Sanlam, with which Zimnat is associated, last week donated roofing materials to yet another Chimanimani school affected by Cyclone Idai, Muchadziya Primary School in Ngorima. ...Published: 25 Jun 2019 at 13:38hrs | 577 | by Agency
Mthuli Ncube's stroke of genius
Industrialists, labour and economists have thrown their weight behind currency reforms, which culminated in the scrapping of the multi-currency system on local transactions, saying it was a "great mov...Published: 25 Jun 2019 at 07:30hrs | 4532 | by Staff reporter
US tells Mnangagwa to stop interfering with trade unions
THE United States is concerned with the arrests by the Zimbabwe government of trade union leaders and interference in the labour unions activities, a US top government official has said.United...Published: 24 Jun 2019 at 07:12hrs | 5580 | by Staff Reporter
Zimbabwe has enough forex, says Chamisa
ZIMBABWE has millions in foreign currency that is adequate to sustain its economy, ramp up failing industries and sustain a return to dollarisation, opposition leader Nelson Chamisa has said.C...Published: 24 Jun 2019 at 07:09hrs | 5281 | by Staff Reporter
Africa Awaits Russia's Investment
Russia has been looking to raise its existing relationship with African countries and Afreximbank is now providing huge support in realizing that long term goal. The bank, with the task of transformin...Published: 22 Jun 2019 at 11:04hrs | 752 | by Kester Kenn Klomegah
Chaos as Stanbic workers sleep on banking halls
Stanbic Bank workers have written to the employer informing them that their workers are incapacitated to continue providing services to the bank on a regular basis as agreed upon between the employer ...Published: 21 Jun 2019 at 09:22hrs | 8753 | by Mandla Ndlovu
Introduction of Zimdollar a disaster
A major economic highlight of the week was the confirmation by the President Emmerson Mnangagwa that Zimbabwe will re-introduce a local currency before year-end. It is our view that our country is not...Published: 21 Jun 2019 at 07:48hrs | 4423 | by Dr Chitambara
Peter Moyo fired by Trevor Manuel chaired Old Mutual
The board of Old Mutual on Tuesday announced that it had fired its suspended chief executive Peter Moyo due to "a material breakdown in trust and confidence"."Moyo's actions since the suspensi...Published: 18 Jun 2019 at 17:26hrs | 2010 | by City Press
Zimbabwe FDI doubles to $745 million in 2018 ($349 million in 2017)
Zimbabwe's Foreign Direct Investment (FDI) inflows more than doubled to $745 million in 2018 from $349 million in 2017, on the back of a small number of approved projects, latest report shows. FDI out...Published: 17 Jun 2019 at 09:38hrs | 1424 | by FinX
Regulations around Online Gambling in Zimbabwe
Zimbabwe is well-known not only for its safaris, reserves, parks, d...Published: 16 Jun 2019 at 19:21hrs | 1529 | by Staff Writer
NUST Student hostels construction gathers pace
CONSTRUCTION of the $12 million upmarket accommodation facility to house more than 1 000 students in Bulawayo by the Infrastructure Development Bank of Zimbabwe (IDBZ) has started.IDBZ chief m...Published: 16 Jun 2019 at 09:37hrs | 510 | by Staff reporter
Mnangagwa's soldiers, nurses fail to access their salaries
Some civil servants - most of them soldiers and nurses - failed to access their salaries on Friday after a Mauritian company switched off its electronic payments processing system.Most Zimbabw...Published: 14 Jun 2019 at 20:08hrs | 6461 | by Staff reporter
Mnangagwa's govt re-ignites currency debate
PRESIDENT Emmerson Mnangagwa's remarks over the weekend that Zimbabwe would have a fully-fledged local currency before the end of the year, ending the multi-currency regime enacted in 2009, effectivel...Published: 14 Jun 2019 at 08:25hrs | 2136 | by Brett Chulu
Paynet switches off Zimbabwe banks
PAYNET, a subsidiary of Mauritian financial services provider Payserv Africa, has suspended all local financial institutions from its transacting platform after they refused to pay in foreign currency...Published: 14 Jun 2019 at 08:24hrs | 6697 | by Staff reporter
NMB facilitates growth of agricultural exports
NMB Bank is keen to help promote agricultural exports, which is one of the reasons it is this year participating for the first time at the Agricultural Dealers' and Manufacturers' Association (ADMA) A...Published: 13 Jun 2019 at 08:24hrs | 522 | by Staff reporter
Police probe robbery victim's source of money
THE Zimbabwe Republic Police is investigating a Beitbridge robbery victim Muchineripi Hlaringo's source of money after he lost R569 000 and US$4 500 during a night raid at his home this week.H...Published: 13 Jun 2019 at 07:25hrs | 1166 | by Staff reporter
Zimnat and THI bring agricultural innovation to ADMA Agrishow
Zimnat and THI Insurance, which earlier this year entered into an underwriting management agency agreement with Zimnat General Insurance, are jointly participating in this year's Agricultural Dealers'...Published: 11 Jun 2019 at 09:20hrs | 419 | by Staff reporter
Banks drags Oppah Muchinguri to court over US$262 000 debt storm
A local banking institution has petitioned Defence Minister Oppah Muchinguri-Kashiri and the director of salary services bureau to garnish the salary of an Air Force officer, Arnold Pullen in a bid to...Published: 09 Jun 2019 at 12:29hrs | 3378 | by newzimbabwe
Coltart raises red flag over education crisis
FORMER Education minister David Coltart has painted a gloomy picture of the country's education sector, saying lack of motivation among teachers will see schoolchildren paying a heavy price in future....Published: 09 Jun 2019 at 09:38hrs | 488 | by Staff reporter
Zimbabwe military government abandons senior citizens
When l was growing I just loved to be near my maternal mother she taught us a lot of things about life, she would also tell us traditional folk tales around a fire, everybody loved her she would wrap ...Published: 07 Jun 2019 at 08:45hrs | 1517 | by Makho Precious Moyo
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