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Numbers & brand only can't take you to State House
Zanu PF is not afraid of Facebook posts, Whatsapp and Twitter rants. Zanu PF only panics when you go back silently to the drawing board to plan and refresh on ideas. Come 2023, opposition may be given...Published: 21 Sep 2020 at 13:43hrs | 2917 | by Tinashe Eric Muzamhindo
Khupe drops Chamisa party name bombshell
Former deputy prime minister Thokozani Khupe's MDC-T yesterday said it is now known as the MDC Alliance in yet another dramatic twist in the battle for the control of Zimbabwe's main opposition party....Published: 20 Sep 2020 at 07:44hrs | 6012 | by Staff reporter
Mnangagwa govt promises 200 000 new houses by 2023
At least 200 000 new houses will be constructed by 2023, while apartments that are unfit for human habitation will be rebuilt and informal settlements revamped as part of a raft of measures to overhau...Published: 20 Sep 2020 at 07:40hrs | 232 | by Staff Reporter
Zimdollar continues to regain strength
The Reserve Bank of Zimbabwe allotted its highest foreign currency to date at the weekly foreign currency auction today as the local currency continues to regain strength. The Zimbabwe do...Published: 15 Sep 2020 at 17:40hrs | 3345 | by Staff reporter
Mnangagwa fingers Ecocash as behind spiralling prices of basic commodities
PRESIDENT Emmerson Mnangagwa has said the steep price hike for basic commodities experienced in the country in recent months was the creation of mobile money giant, Ecocash.Addressing the Zanu...Published: 15 Sep 2020 at 06:08hrs | 939 | by Staff reporter
Gono says GNU days were the best
ormer reserve Bank of Zimbabwe (RBZ) governor Gideon Gono says the days of the government of national unity (GNU) were "one of the best economic episodes of our lives".Gono (GG), who retired in 20...Published: 13 Sep 2020 at 07:24hrs | 1592 | by Staff reporter
Why RBZ needs autonomy
Former reserve Bank of Zimbabwe (RBZ) governor Gideon Gono recently appeared on Zimbabwean entrepreneur and newspaper publisher Trevor Ncube's discussion series In Conversation with Trevor.Amo...Published: 13 Sep 2020 at 07:15hrs | 348 | by Admire Dube
Mnangagwa clears air on land, SA envoys
Taxpayers' funds will not be used to compensate white former commercial farmers for improvements made on farms, but the money will be sourced externally, President Mnangagwa has said.The Presi...Published: 13 Sep 2020 at 07:02hrs | 667 | by Staff reporter
The binding African spirit in challenging the Zimbabwean crisis
The Zimbabwe African Nationalist Union Patriotic Front is indebted to the steeped bona fide pan-Africanist spirit which facilitated the convening of the interparty dialogue with our sister revolutiona...Published: 10 Sep 2020 at 06:51hrs | 357 | by Dr Obert Mpofu
Civil servants forex payment extended
GOVERNMENT has pledged to extend the foreign currency non-taxable Covid-19 allowance for civil servants and pensioners to December as it maintains its position of providing a living wage for its emplo...Published: 10 Sep 2020 at 06:50hrs | 2657 | by Staff reporter
Stanbic launches contactless debit cards and POS machines
Leading financial services institution, Stanbic Bank is set to launch contactless debit cards and POS machines as the institution pushes ahead with its highly innovative technology advancement approac...Published: 09 Sep 2020 at 10:13hrs | 1912 | by Staff reporter
Bulawayo tycoon unveils funding for entrepreneurs in SADC
Entrepreneurship activity is on the rise in Southern Africa. The Covid-19 pandemic has also exacerbated the need for multiple streams of income for most households. This has subsequently grown the ent...Published: 08 Sep 2020 at 22:53hrs | 2757 | by Mandla Ndlovu
NMBZ realises inflation adjusted half-year comprehensive income of $992 million
NMBZ Holdings, NMB Bank's holding company, realised an inflation adjusted total comprehensive income of ZWL992 251 893 in the six months to June 30 compared to ZWL703 127 345 in the same period last y...Published: 03 Sep 2020 at 18:52hrs | 849 | by Agencies
Mohadi is too shallow-minded - MLF
Vice President Kembo Mohadi is correct in asking who hasn't wronged the other but very wrong in suggesting that Mthwakazi has at some point wronged someone. We have always expected such words from him...Published: 31 Aug 2020 at 06:03hrs | 2135 | by Mthwakazi Liberation Front
Zimbabwe set to lose $1 billion in potential revenue
ZIMBABWE'S cash-strapped government is set to forgo over $1 billion in revenues from the intermediated money transfer tax (IMTT) as a result of policy inconsistencies, analysts have said.The g...Published: 30 Aug 2020 at 10:58hrs | 1380 | by Staff reporter
Business cries foul over EcoCash limits
ZIMBABWE'S hard-pressed businesses say they are likely to witness depressed revenues in the short term due to the Reserve Bank of Zimbabwe's decision to limit EcoCash transactions to ZW$5 000 per day....Published: 28 Aug 2020 at 07:17hrs | 2565 | by Staff reporter
Zimbabwe takes notes from China SEZs model
Government has engaged Chinese experts to train officials and the private sector on designing, planning and implementation of Special Economic Zones (SEZs).The online training workshop, which ...Published: 25 Aug 2020 at 10:28hrs | 1301 | by Staff reporter
Pyramid scheme bosses on the run
Pyramid scheme bosses Bevern Dzinoenda and Ambrose Chikukwa are wanted by the police in connection with contravening the Banking Act after allegedly operating their money laundering business in Harare...Published: 24 Aug 2020 at 07:07hrs | 778 | by Staff reporter
'Zimbabwe now a trillion dollar economy'
The Mid Term Monetary Policy Statement from the Reserve Bank is well worth a read. This is the first overall review following the formation of the Monetary Policy Committee in August 2019. I was privi...Published: 23 Aug 2020 at 20:33hrs | 10157 | by Eddie Cross
South Africa's Finance Minister threatens Zambian President
South Africa's worrying big brother interference into regional countries governing took a new low on Saturday when South Africa's Finance Minister Tito Mboweni threatened Zambian President for sacking...Published: 23 Aug 2020 at 20:07hrs | 3981 | by Staff reporter
Zimbabwe economy finally being 'rigged'
Nelson Chamisa and his MDC-Alliance lost the election in the July 2018 elections of the post-Mugabe era.Reacting to this loss, he cockily pronounced that it was of no consequence.His a...Published: 23 Aug 2020 at 11:10hrs | 816 | by Ambassador Chris Mutsvangwa
Mobile operators outed for printing money
SOME mobile money operators have been printing money through creating overdrafts and fictitious credit, most of which was channelled to buy foreign currency on the parallel market a practice that has ...Published: 23 Aug 2020 at 11:09hrs | 596 | by Staff reporter
Why de-dollarization is an economic tall order
As the Zimbabwean economy regresses back to widespread use of multiple currencies that anchored economic stability from 2009 to 2018, it is worthy assessing why de-dollarization is a tall order for mo...Published: 22 Aug 2020 at 20:07hrs | 1576 | by Victor Bhoroma
RBZ 'bans' bulk payments of salaries, wages
THE Reserve Bank of Zimbabwe (RBZ) has restricted the payment of salaries and wages through bulk payments and mobile money agents as part of measures to curb illicit transactions.The move by t...Published: 22 Aug 2020 at 08:34hrs | 8342 | by Staff reporter
RBZ directs sale of 20% shop forex
Twenty percent of all new foreign currency taken by Zimbabwean businesses from local customers must now be liquidated at the official exchange rate, when deposited in a domestic foreign currency bank ...Published: 22 Aug 2020 at 08:25hrs | 1581 | by Staff reporter
Mobile money agents abolished in Zimbabwe
GOVERNMENT has with immediate effect abolished mobile money wallet agents as they are no longer serving any legitimate purpose and further tightened regulations to tackle illegal foreign currency deal...Published: 21 Aug 2020 at 19:31hrs | 1848 | by Staff reporter
Mobile money limits due for review
The level of inflation in the country, which reached 837 percent in July, should be used as an indicator that mobile money limits at $5 000 are now due for review. The latest data from the Zim...Published: 20 Aug 2020 at 07:20hrs | 884 | by Satff reporter
Zimbabwe imports 56% dietary needs
ZIMBABWE is struggling to produce enough for its dietary necessities, importing 56% of its requirements every year businessdigest has learnt.The Southern African country, once regarded as the ...Published: 14 Aug 2020 at 09:53hrs | 255 | by Staff reporter
Govt warns banks over civil servants COVID-19 allowances
GOVERNMENT yesterday said it would not tolerate the practise by banks and shops to inflate prices on goods purchased using the United States dollar CoVID-allowance given to civil servants and pensione...Published: 14 Aug 2020 at 09:47hrs | 1151 | by Staff reporter
RBZ, police probe Ponzi schemes
POLICE and the Reserve Bank of Zimbabwe (RBZ) have launched a countrywide probe on companies operating suspected Ponzi schemes in urban centres in breach of the Banking Act. The firms, which are opera...Published: 14 Aug 2020 at 09:23hrs | 592 | by Staff reporter
Zimnat launches SMEs LifeAID group life cover
Zimnat Life Assurance has launched a new group life insurance cover for small to medium enterprises (SMEs) to enable them to provide life insurance for their employees. The new product, which ...Published: 10 Aug 2020 at 18:20hrs | 143 | by Staff reporter
Zimdollar return premature, says Gono
FORMER Reserve Bank of Zimbabwe (RBZ) governor Gideon Gono has said the reintroduction of the Zimbabwean dollar, which has been rapidly losing value since its re-introduction in June last year, was pr...Published: 07 Aug 2020 at 09:10hrs | 7678 | by Staff reporter
GNU best way out of Zimbabwe crisis
UNITED Kingdom-based lawyer and blogger Alex Magaisa last month published a list of beneficiaries of the Reserve Bank of Zimbabwe (RBZ) farm mechanisation programme, that included cabinet ministers, Z...Published: 07 Aug 2020 at 09:06hrs | 2315 | by Staff reporter
Charamba freaks out over 'racist' US sanctions
PRESIDENTIAL spokesman George Charamba has accused the US government of racism after the superpower Tuesday slapped targeted sanctions on fuel mogul Kuda Tagwirei for allegedly propping up a corrupt Z...Published: 07 Aug 2020 at 08:53hrs | 810 | by Staff reporter
Zanu-PF squeals over Tagwirei sanctions
GOVERNMENT yesterday reacted angrily to the decision by the United States government to slap businessman and President Emmerson Mnangagwa ally's Kudakwashe Tagwirei with sanctions, claiming the move w...Published: 07 Aug 2020 at 08:52hrs | 1387 | by Staff reporter
Zimbabwean state capture
In my weekly political review show on the Gambakwe media platform two Sunday ago, we discussed about the planned demonstration on the 31st of July 2020. During the interview I invok...Published: 06 Aug 2020 at 22:59hrs | 4210 | by Terence. T. Simbi
Stanbic enhances FCA digital banking
Stanbic Bank has stepped up functionality of Foreign Currency Accounts (FCAs) on their digital banking platforms, in a move that will allow customers to take full advantage of the interbank rates bein...Published: 06 Aug 2020 at 08:57hrs | 749 | by Staff reporter
Motorists plead for fuel dual pricing
Government should come up with legislation that makes it mandatory for service stations to sell fuel in both foreign and local currency in line with the prevailing exchange rate, motorists have said. ...Published: 04 Aug 2020 at 08:07hrs | 498 | by Staff reporter
10 more succumb to Covid-19 in one day in ZImbabwe
Ten more Covid-19 deaths were reported yesterday, the second highest daily toll after 12 passed on last Thursday, taking the death toll to 80 while 154 new cases were confirmed, all local infections, ...Published: 04 Aug 2020 at 08:05hrs | 835 | by Staff reporter
System glitch leaves scores of Zesa clients stranded
SCORES of consumers were left stranded in Bulawayo yesterday, failing to buy prepaid power tokens as the Zimbabwe Electricity Transmission and Distribution Company (ZETDC) online system had some techn...Published: 03 Aug 2020 at 07:49hrs | 413 | by Staff reporter
Noic, Sakunda sucked in US$17m loan scandal
EXPLOSIVE details show that the state-owned National Oil and Infrastructure Company (Noic) was advanced by Sakunda Holdings US$17,5 million of a US$22,75 million loan agreement to buy out Lonmin's 50%...Published: 31 Jul 2020 at 08:00hrs | 3887 | by Staff reporter
Masiyiwa struggles to sell stake in Liquid
THE coronavirus pandemic is hampering efforts by Zimbabwean billionaire Strive Masiyiwa to sell a stake in Africa's largest fibre company.Masiyiwa is seeking buyers for 20% to 34% of Liquid Te...Published: 31 Jul 2020 at 07:39hrs | 616 | by Staff reporter
Old Mutual to stop trading its shares on the Zimbabwe Stock Exchange
Old Mutual is poised to stop trading its shares on the Zimbabwe Stock Exchange, the latest step in the government's efforts to bring order to its chaotic foreign-exchange market.The insurer ag...Published: 27 Jul 2020 at 21:33hrs | 3677 | by Bloomberg
2020 Mid Term Budget Hits and Misses
The 2020 mid-term budget and economic review was delivered amid high inflation levels and declining economic productivity that has been worsened by the Corona Virus pandemic. The Zimbabwean economy is...Published: 27 Jul 2020 at 20:38hrs | 1152 | by Victor Bhoroma
BREAKING: Former RBZ Director Norman Mataruka dies of Coronavirus
Former Director of Banking Supervision at the Reserve Bank of Zimbabwe Norman Mataruka has died, sources in Harare have confirmed. According to impeccable sources, Mataruka is said to have suc...Published: 27 Jul 2020 at 09:35hrs | 14173 | by Mandla Ndlovu
Was the shutting down of mobile money, ZSE a necessary evil?
ON June 26, 2020 the Information ministry announced in a tweet that all mobile money transactions and the Zimbabwe Stock Exchange (ZSE) would stop transacting forthwith.The authorities halted ...Published: 26 Jul 2020 at 11:11hrs | 2709 | by Admire Maparadza Dube
America wants Biti, Sikhala to remove Chamisa?
Ever wondered why Nelson Chamisa chose to hand over reigns to the insipid WELSHMAN NCUBE as he grieved over loss of his dear mother? Or why the WELSH man got mired in TRUST FUNDS controversy soon afte...Published: 25 Jul 2020 at 10:30hrs | 14620 | by George Charamba
MDC Alliance's role in undermining national development
President Mnangagwa continues to pursue an ambitious economic reform agenda that has, within a short space of time, seen the budget deficit being tamed, economic fundamentals once again in place and a...Published: 22 Jul 2020 at 08:43hrs | 1724 | by Pupurai Togarepi
'No freebies under Mnangagwa regime'
Mechanisation and irrigation projects initiated by Government are not for free and beneficiaries will be expected to pay back loans, with all loans being issued through banks using banking criteria of...Published: 21 Jul 2020 at 08:57hrs | 763 | by Staff reporter
Welshman Ncube, Khupe also benefitted from RBZ looting programme
SETTING THE RECORD STRAIGHT: THE 2007/8 Farm Mechanisation Programme was above board: Taxpayers not saddled with the Bill.First of all, I must express my prima-facie disappointment with my bro...Published: 20 Jul 2020 at 08:24hrs | 7404 | by Dr Gideon Gono
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