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Chamisa's MDC needs to grow up if it wants to be electable
It is difficult to understand the MDC-A's continuous pressure to have the financial sanctions against Zimbabwe maintained, and what looks like a willingness to manufacture evidence of Government wrong...Published: 6 hrs ago | 223 | by Staff reporter
Stanbic avails US$21,6m for Beitbridge border upgrade
Stanbic Bank and its parent company, Standard Bank Group, recently unveiled a US$21,6 million loan facility for sprucing up of the Beitbridge Border Post and its environs.The loan facility was...Published: 6 hrs ago | 120 | by Staff reporter
Investment still hampered by business climate
Foreign Direct Investment (FDI) into Zimbabwe remains very low, with the latest central bank monetary policy stating that the country received a meagre US$22.35 million in the first half of 2021. In 2...Published: 18 hrs ago | 163 | by Victor Bhoroma
Stanbic Bank facilitates the USD 21.6 M sprucing up of the Beitbridge Border Post
Harare, 20 October 2021: Stanbic Bank and its parent company, Standard Bank Group recently availed a USD21.6 million loan facility for the sprucing up of the Beitbridge Border Post and its environs....Published: 18 hrs ago | 592 | by Agencies
Zanu-PF policies driving poverty, not sanctions
WITH the arrival of United Nations special rapporteur, Alena Douhan, to look into the impact of sanctions on Zimbabwe, there is a danger that looking on the surface it can easily be argued that sancti...Published: 20 Oct 2021 at 07:37hrs | 424 | by A Mbire
EcoCash shrugs headwinds to posts solid results
EcoCash Holdings Zimbabwe Limited, formerly Cassava Smartech Zimbabwe Limited, reported solid operating results for the year ended February 28, 2021, despite strong economic headwinds in the country d...Published: 19 Oct 2021 at 06:31hrs | 856 | by Staff reporter
Illegal sanctions choking business
ILLEGAL economic sanctions imposed by the United States and her allies have negatively affected the business community, which cannot access loans, and even do straightforward transfers for their needs...Published: 18 Oct 2021 at 06:26hrs | 79 | by Staff reporter
US$1,5 billion circulating in black market, says RBZ
FRESH evidence of plummeting confidence in Zimbabwe's banking sector has emerged, with central bank deputy chief Kuphukile Mlambo saying up to US$1,5 billion could be exchanging hands outside formal b...Published: 17 Oct 2021 at 09:08hrs | 1371 | by Staff reporter
US$2bn allocated at forex auctions
More than US$2 billion was allotted to almost 6 000 entities at the Reserve Bank of Zimbabwe's weekly foreign currency auctions from when they opened near the end of June last year to the end of last ...Published: 16 Oct 2021 at 06:26hrs | 115 | by Staff reporter
Govt, business stalemate rages
BUSINESS executives made desperate attempts from last week Friday to worm their way out of arrests for violating foreign currency exchange regulations, but the government turned a deaf ear as it vowed...Published: 15 Oct 2021 at 20:19hrs | 316 | by Staff reporter
Mnangagwa's ignorance on economics: Mthuli Ncube his best Boss ever
Even Mnangagwa's law degree is questioned by many. If Mnangagwa had a slender idea how the economy works, they would never launder money to Chinese banks in billions of dollars. He would know that kis...Published: 15 Oct 2021 at 18:45hrs | 1357 | by Nomazulu Thata
Private sector major culprit of graft, says Zacc boss
THE Zimbabwe Anti-Corruption Commission (Zacc) says the private sector is the major culprit in corruption as players are evading taxes and inflating figures, among other ills causing serious damage to...Published: 14 Oct 2021 at 06:26hrs | 588 | by Staff reporter
Mutsvangwa praises SADC stance on sanctions
DESPITE failure to access new capital from international banking institutions to finance major capital projects due to illegal sanctions, Zimbabwe under the leadership of President Mnangagwa continues...Published: 14 Oct 2021 at 06:22hrs | 132 | by Staff reporter
Time Bank offers to finance former farmers' compensation
Time Bank Zimbabwe Limited that is set to re-open its doors to the public on December 01 this year, has excited the market after unveiling four types of loan facilities among them a scheme for payment...Published: 14 Oct 2021 at 06:20hrs | 179 | by Staff reporter
RBZ directs banks to detect currency abusers
THE Reserve Bank of Zimbabwe (RBZ) has directed banks to configure their automated transaction systems in order to implement robust mechanisms that detect the abuse of debit cards in facilitating ille...Published: 14 Oct 2021 at 06:20hrs | 229 | by Staff reporter
RBZ, business reach consensus on exchange rates, pricing
A number of agreements were thrashed out yesterday between the Reserve Bank of Zimbabwe and leaders of the business sector to deal with what everyone agreed were unjustified jumps in black-market exch...Published: 12 Oct 2021 at 05:55hrs | 691 | by Staff reporter
Zimbabwe works on national migration policy
ZIMBABWE is working on finalising the National Migration Policy, whose implementation is expected to contribute to the country's economic development agenda.Representatives of various ministri...Published: 10 Oct 2021 at 06:32hrs | 175 | by Staff reporter
Currency instability puts ZSE as best performer in region
AFTER surpassing its own performance record (again), the Zimbabwean dollar-denominated exchange extended 2021 gains as the market's counters continue facing economic uncertainties in the closing quart...Published: 08 Oct 2021 at 19:04hrs | 465 | by Equity Axis View
Sustainable reforms now key to foreign exchange market
The Reserve Bank of Zimbabwe (RBZ) recently announced that it is on course to clear the backlog of foreign exchange auction allotments which date back to as far as three months and amounting to about ...Published: 08 Oct 2021 at 19:03hrs | 245 | by Victor Bhoroma
'US$500m changing hands outside banks'
ABOUT US$500 million could be circulating outside Zimbabwe's banking system, Reserve Bank of Zimbabwe (RBZ) estimates showed last week, as industries said they had raised only a fraction of billions r...Published: 08 Oct 2021 at 19:03hrs | 787 | by Staff reporter
China sees third force in huge outcry over its Zimbabwe activities
Zimbabweans must learn from the pastIT has been clear since radical currency reforms were effected in February 2019 that inflation, along with the parallel market exchange rate would derail prospe...Published: 08 Oct 2021 at 19:01hrs | 164 | by Staff reporter
Currency manipulators on the prowl
CURRENCY manipulation by businesses setting their Zimbabwe dollar prices to black-market exchange rates, has reached levels where some shops are pricing their goods and services using illegal rates ra...Published: 08 Oct 2021 at 06:25hrs | 168 | by Staff reporter
3 must-know benefits of decentralized finance (Defi)
The most intriguing use cases for blockchain have always been in financial services. From digital purchases and remittances to cryptocurrency storage and trading, blockchain has been challenging tradi...Published: 08 Oct 2021 at 06:21hrs | 52 | by Staff writer
Asylum seekers flood Zimbabwe
ZIMBABWE is experiencing an influx of asylum seekers and separated children of migrants who will be in transit from the Horn of Africa and the Great Lakes region.This was said on Tuesday by Ho...Published: 07 Oct 2021 at 07:03hrs | 2154 | by Staff reporter
Current digital banking trends in the US
Due to the pandemic, most industries across the globe have been forced to adapt and transform ways of doing business. Digitization has arguably been the most important tool for this, due to social dis...Published: 06 Oct 2021 at 12:23hrs | 160 | by Staff Writer
Forex abusers, money laundering kingpins not deterred by arrests
Foreign currency abusers and money laundering kingpins continue to defy the law despite recent arrests, a situation that has resulted in the eroding of incomes and unnecessary suffering.The ex...Published: 06 Oct 2021 at 05:46hrs | 928 | by Staff reporter
Who is behind forex dealers?
NO matter how well-meaning and determined, the Reserve Bank of Zimbabwe (RBZ) could be towards uprooting rampant delinquency in the economy, the effort may count for nothing if other institutions are ...Published: 05 Oct 2021 at 06:38hrs | 1366 | by Nathan Gurira
Sanctions are real, but we're shooting ourselves in the foot
No matter how well-meaning and determined the Reserve Bank of Zimbabwe (RBZ) could be towards uprooting rampant delinquency in the economy, the effort may count for nothing if other institutions that ...Published: 05 Oct 2021 at 06:32hrs | 206 | by Nathan Gurira
GMB rebrands
Grain Marketing Board (GMB) has embarked on a rebranding exercise that will see it changing its image and mandate.The changes reflect the organisation's evolution from a predominantly grain st...Published: 03 Oct 2021 at 08:07hrs | 90 | by Staff reporter
Inkotha sihlangu, uMqeqenshi uMthuli Ncube uthi uMnangagwa yiNkosi yakhe!
I have always thought bootlicking is done by people with little or without education at all. To see a professor who has served in highest international institutions such as London School of Economic a...Published: 01 Oct 2021 at 20:04hrs | 1338 | by Nomazulu Thata
Prophet Isaiah Sovi raises Africa's flag in Dubai
Charismatic Prophet and Businessman Isaiah Brian Sovi has been hailed for being one of the few young businesspersons from Africa who attended the recently held Africa-Dubai Investment summit whic...Published: 01 Oct 2021 at 14:12hrs | 2143 | by Mandla Ndlovu
RBZ takes forex rate war to the streets
RESERVE Bank of Zimbabwe (RBZ) governor John Mangudya says the apex bank will continue its crackdown against black market kingpins to rid the market of delinquent behaviour.In an interview wit...Published: 01 Oct 2021 at 08:05hrs | 4161 | by Staff reporter
Money laundering haunts Zimbabwe
ZIMBABWE is one of the countries at high risk of money laundering, according to a report by the Swiss based Basel institute on governance.The report titled Basel anti-Money laundering (aMl) in...Published: 01 Oct 2021 at 08:03hrs | 1305 | by Staff reporter
Reserve Bank panics as exchange rates spiral
MONETARY authorities revised annual inflation targets upwards on Monday before lining up a sea of fresh policy proposals to government, as they scurried to stem a "worrisome" surge in parallel market ...Published: 01 Oct 2021 at 08:02hrs | 2674 | by Staff reporter
Zimbabwe banks punch above their weight, says report
ZIMBABWE'S banks are overvalued, trading above their historical average multiples as well as above comparable regional banks in more stable economic environments, research firm, IH Securities, said ye...Published: 01 Oct 2021 at 08:01hrs | 304 | by Staff reporter
Zimbabwe set for US$1,1 billion current account surplus
ZIMBABWE's current account is projected to register a stronger surplus position of about US$1, 091 billion this year, higher than the initial projection of US$611,5 million, the Reserve Bank of Zimbab...Published: 01 Oct 2021 at 07:52hrs | 201 | by Staff reporter
Bulawayo still reeling from illegal sanctions
THE tale of the demise of Bulawayo's industries is a story which cannot be separated from the illegal sanctions imposed by Western countries on Zimbabwe.Once considered the country's industria...Published: 01 Oct 2021 at 07:52hrs | 58 | by Staff reporter
The Law is struggling to keep up with technology
Now that the cyber security and data protection bill is awaiting the signature of the President of Zimbabwe to become law. The purpose of the bill is to consolidate cyber related offences and provide ...Published: 30 Sep 2021 at 13:44hrs | 330 | by Jacob Kudzayi Mutisi
Over R500m lost in SA debit card scams
Gross losses due to fraud committed on South African-issued debit cards amounted to R520,5 million in 2020 – an increase of 26.5 percent compared to 2019.This is according to 2020 crime stat...Published: 30 Sep 2021 at 07:12hrs | 111 | by Staff reporter
Govt should resolve cash crisis
GOVERNMENT must solve the ongoing cash shortages as a matter of urgency. The crisis is causing chaos and long winding queues at most banking institutions.When people work, they expect to withd...Published: 29 Sep 2021 at 06:44hrs | 509 | by Silence Raki
Bureaux de change operator opens shop in western suburbs
WHILE many financial service businesses are concentrated in the Central Business District, Swift Global Forex Bureaux de Change has decided to be different.The entity has become the first comp...Published: 29 Sep 2021 at 06:34hrs | 425 | by Staff reporter
RBZ orders banks to freeze forex dealers' accounts
THE Reserve Bank of Zimbabwe (RBZ) has ordered banks and other financial services providers to immediately freeze accounts belonging to 30 nationals who are ring leaders of parallel market foreign cur...Published: 28 Sep 2021 at 20:04hrs | 1782 | by Staff reporter
BREAKING: RBZ releases list of money launderers
MEASURES AGAINST INDIVIDUALS ABUSING MOBILE PHONE SERVICES AND SOCIAL MEDIA TO PROMOTE AND FACILITATE ILLEGAL FOREIGN EXCHANGE TRANSACTIONS AND MONEY-LAUNDERING ACTIVI...Published: 28 Sep 2021 at 14:30hrs | 8626 | by Staff Reporter
8 firms in court over EcoCash deals
EIGHT financial institutions that were allegedly involved in foreign currency dealings in Harare through EcoCash bulk payer lines, yesterday appeared in court for violating some sections of the Exchan...Published: 28 Sep 2021 at 06:11hrs | 783 | by Staff reporter
Ultimatum for defaulting farmers
Farmers financed under Command Agriculture have until November 30 to deliver their maize to the Grain Marketing Board or be blacklisted so they can not access any more Government-guaranteed loans and ...Published: 28 Sep 2021 at 06:10hrs | 272 | by Staff reporter
Governance, risk and compliance diploma launched
THE Deposit Protection Corporation (DPC) has joined forces with the Institute of Chartered Secretaries and Administrators in Zimbabwe (ICSAZ) and the International Compliance Association (ICA) to laun...Published: 27 Sep 2021 at 06:17hrs | 412 | by Staff reporter
'Zimbabwe bank charges too high'
INVESTMENT banker and business man Dr Nigel Chanakira says the prevailing banking sector charges are still too high and make the formal banking system expensive in an economy trying to rise from turmo...Published: 27 Sep 2021 at 06:14hrs | 439 | by Staff reporter
'Regime change' NGOs face heavy penalties
PRIVATE Voluntary Organisations (PVOs) that fund political parties or election candidates will face criminal charges under proposed changes to the law regulating the operation of non-governmental orga...Published: 26 Sep 2021 at 19:33hrs | 52 | by Staff reporter
Robbers prey on mistrust of financial system
TARIRO remembers hearing a sudden bang on her kitchen door, the kind that produces shivers. She peaked through the window and saw 10 men armed with iron crowbars. They wanted to enter.The 54-y...Published: 24 Sep 2021 at 09:45hrs | 1454 | by Staff reporter
Tobacco Sales Floor volumes rise 143%
ZIMBABWE'S biggest tobacco auction firm, Tobacco Sales Floor (TSF), says volumes rose by 143% during the third quarter ended July 31, 2021, in line with higher national output reported during the peri...Published: 23 Sep 2021 at 06:24hrs | 163 | by Staff reporter
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