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RBZ dismisses fake news of POSB sale
The Governor of the Reserve Bank of Zimbabwe (RBZ), John Mushayavanhu, has dismissed claims that the People's Own Savings Bank (POSB) is up for sale. This follows reports suggesting that the state-own...Published: 6 hrs ago | 58 | by Staff reporter
EcoCash Holdings to rebrand
EcoCash Holdings Limited has announced plans to rebrand following a corporate restructuring that has left Steward Bank as its only remaining unit. This follows the takeover of the company by businessm...Published: 21 Feb 2025 at 11:12hrs | 415 | by Staff reporter
NSSA chairman embroiled in underhand Rainbow Tourism Group takeover bid
NATIONAL Social Security Authority (Nssa) chairman Emmanuel Fundira, who is former chairman of African Sun Limited, and an ex-Rainbow Tourism Group (RTG) senior executive Paula January are accused of ...Published: 18 Feb 2025 at 20:01hrs | 1328 | by NewsHawks
Heavy rains pound Bulawayo, Masvingo
Heavy rains and severe flooding have devastated parts of southern and southwestern Zimbabwe, with Bulawayo and Masvingo cities among the hardest hit. Torrential rains on Tuesday caused local rivers to...Published: 13 Feb 2025 at 09:45hrs | 1131 | by Staff reporter
Biti slams title deed plan, calls it a reversal of land reform
Former Finance Minister and legal expert Tendai Biti has criticized the government's plan to issue title deeds to farm owners, calling it a legal and policy blunder that undermines Zimbabwe's land ref...Published: 13 Feb 2025 at 06:32hrs | 511 | by Staff reporter
Zimbabwe's 2024 foreign currency receipts top US$13bn
Zimbabwe's foreign currency inflows grew by 21 percent in 2024, reaching US$13.3 billion compared to US$11 billion in 2023, driven primarily by an increase in export proceeds, according to the Reserve...Published: 12 Feb 2025 at 06:35hrs | 202 | by Staff reporter
'Zimbabwe banks have robust cybersecurity systems'
The Reserve Bank of Zimbabwe (RBZ) has prioritized cybersecurity and artificial intelligence (AI) as critical pillars for the financial sector's growth and stability, according to its 2025 Monetary Po...Published: 11 Feb 2025 at 06:38hrs | 130 | by Staff reporter
Zimbabwe central bank speaks on retailers
The Reserve Bank of Zimbabwe (RBZ) has dismissed claims by registered retailers that the country's economic environment is to blame for their operational challenges, pointing instead to gross mismanag...Published: 08 Feb 2025 at 12:30hrs | 182 | by Staff reporter
Zimbabwe central bank goes after informal traders forex, exporters' proceeds
The Reserve Bank of Zimbabwe (RBZ) has announced a further reduction in export retention proceeds, cutting them by an additional 5%, as part of measures aimed at boosting foreign currency reserves and...Published: 07 Feb 2025 at 06:43hrs | 1181 | by Staff reporter
Zimbabwe raises savings rates, cuts POS charges
The Reserve Bank of Zimbabwe (RBZ) has introduced a series of bold monetary policy measures aimed at promoting the use of the Zimbabwe Gold (ZiG) currency and enhancing economic stability. These measu...Published: 07 Feb 2025 at 06:35hrs | 391 | by Staff reporter
Will SA become the next Zimbabwe with Expropriation Act?
The signing of the Expropriation Act into law has been one of the most topical subjects of 2025 so far, with the recently elected US President Donald Trump taking aim at the law on Monday, sending the...Published: 06 Feb 2025 at 09:08hrs | 752 | by Staff reporter
Mnangagwa's govt accused of Intellectual Property theft
Zimbabwe's government is embroiled in a heated dispute with Time Bank after the financial institution accused authorities of infringing on its intellectual property rights. The bank claims that govern...Published: 01 Feb 2025 at 14:03hrs | 2001 | by Staff reporter
Chamisa disregards Gukurahundi: now fights in cahoots with Genocide perpetrator Chiwenga
This visceral loathing of Ndebele people. We have been saying multiple times that Chamisa is connected to Chiwenga and Zanu PF at several levels. Chatufa TV channels confirmed our fears about Chamisa'...Published: 30 Jan 2025 at 21:42hrs | 1232 | by Nomazulu Thata
Zimbabwe is never short of scammers
They came and beguiled nobles and laity by claiming gasoline was oozing out of a sacred rock formations somewhere in rural Chinhoyi. Innocent boulders were soaked in a deluge of diesel and people fell...Published: 30 Jan 2025 at 12:07hrs | 1175 | by Thomas Tondo Murisa
'Zimbabwe banks can't seize farmers' land'
The introduction of bankable title deeds for State-owned land will not result in financial institutions seizing control of land or reverse the gains of Zimbabwe's Land Reform Programme, according to M...Published: 16 Jan 2025 at 07:04hrs | 505 | by Staff reporter
'Banks can't seize farmers' land,' says Tagwirei
The recently introduced bankable deeds for state-owned land will not result in banks seizing control of large tracts of land, or in a de facto or de jure reversal of the Land Reform Programme....Published: 15 Jan 2025 at 20:05hrs | 1005 | by Paul Ndou
SA banks freeze Zep holders' accounts
South African banks have frozen the accounts of Zimbabwean Exemption Permit (ZEP) holders, claiming it was a system error. However, the sudden account freezes have caused significant distress, with ZE...Published: 14 Jan 2025 at 14:14hrs | 276 | by Staff reporter
Migrants, army face-off along South Africa-Zimbabwe border
EVERYDAY, Fadzai Musindo walks across the border between Zimbabwe and South Africa - sometimes via the official border post but usually by taking the more dangerous informal route.Streams of m...Published: 13 Jan 2025 at 07:25hrs | 1310 | by Staff reporter
WATCH: 'Churches, Mermaids flood Mukuvisi River'
Several churches, mermaid spiritual agents (MaNjuzu), traditional healers and street kids illegally settled and grabbed land along the Mukuvisi river while living in harmony with each other despite di...Published: 11 Jan 2025 at 08:54hrs | 2188 | by Gideon Madzikatidze/Simbarashe Sithole
RBZ unveils another 'looting scheme'
The Reserve Bank of Zimbabwe (RBZ) has introduced the Targeted Finance Facility (TFF) with an aim to provide affordable credit to key productive sectors such as agriculture, manufacturing, and mining....Published: 11 Jan 2025 at 08:20hrs | 1169 | by Staff reporter
Different Types of Forex Brokers
Different Types of Forex Brokers The foreign exchange market is a global, decentralized marketplace where currencies are traded. This i...Published: 09 Jan 2025 at 16:16hrs | 425 | by Staff Reporter
Man arrested at Beitbridge border, driving 'stolen' BMW into Zimbabwe
A 40-year-old foreign national is expected to appear in court after he allegedly tried to drive a luxury BMW across the border into Zimbabwe on New Year's Eve.Police said officers were on duty...Published: 05 Jan 2025 at 08:19hrs | 549 | by Staff reporter
Clergy urges Mnangagwa, Sadc to act on Mozambique unrest
The Zimbabwe Council of Churches (ZCC) has called on President Emmerson Mnangagwa, in his capacity as chairperson of the Southern African Development Community (SADC), to leverage his position to enco...Published: 29 Dec 2024 at 08:46hrs | 329 | by Staff reporter
Mozambique's opposition leader vows to install himself as president
Mozambique's main opposition leader, Venâncio Mondlane, has declared that he will install himself as president on 15 January after rejecting his defeat in presidential elections.His announcem...Published: 25 Dec 2024 at 08:56hrs | 2483 | by Staff reporter
Why Zimbabweans keep watching their money go up in smoke
It was 10 p.m. when a frantic pounding on Modester Nyangoni's door dragged her out of a deep sleep.That hot October day, she had been on her feet manning her stall at the largest market in Zim...Published: 25 Dec 2024 at 08:24hrs | 3079 | by Staff reporter
Bulawayo thrives with festive shopping and holiday preparations
Bulawayo was buzzing with energy yesterday as last-minute Christmas shoppers filled the city, creating a festive and vibrant atmosphere. Banking halls, supermarkets, and beauty salons were packed, whi...Published: 25 Dec 2024 at 08:20hrs | 170 | by Staff reporter
Harare bustles with last-minute Christmas shoppers
Harare was a hive of activity yesterday as shoppers crowded the city's stores for last-minute Christmas purchases, while hundreds of travelers rushed to rural areas to reunite with their families ahea...Published: 24 Dec 2024 at 12:38hrs | 159 | by Staff reporter
Mukuru expanding into deposit-taking microfinance institution
Zimbabwe's rapidly growing remittance sector has prompted several money transfer platforms to diversify their services, with Mukuru Financial Services Zimbabwe Limited becoming the latest to be licens...Published: 19 Dec 2024 at 16:56hrs | 500 | by Staff reporter
Stanbic named best ovderall bank 2024
Harare, 17 December 2024 - Stanbic Bank Zimbabwe has been named the overall best performing bank at the Banks and Banking Survey Awards 2024 sponsored by First Capital Bank. Stanbic Bank has n...Published: 17 Dec 2024 at 09:15hrs | 455 | by Agencies
Zimbabwe's banking sector sees surge in US dollar deposits
Zimbabwe's banking sector has experienced a remarkable increase in confidence, with foreign currency deposits rising by 13% to US$2.64 billion in October 2024, compared to the same period in 2023. Thi...Published: 14 Dec 2024 at 12:35hrs | 2155 | by Staff reporter
'Counterfeits, financial instability imperil manufacturing sector'
Zimbabwean consumers are grappling with increasing difficulties, including the proliferation of counterfeit goods and financial instability, as the country's manufacturing sector struggles to grow. Pa...Published: 13 Dec 2024 at 09:39hrs | 48 | by Staff reporter
RBZ deputy governor says Zimbabwe banking sector is resilient, stable
Reserve Bank of Zimbabwe (RBZ) Deputy Governor, Innocent Matshe, has highlighted the continued resilience and stability of the country's banking sector, despite facing challenges such as liquidity iss...Published: 13 Dec 2024 at 09:36hrs | 86 | by Staff reporter
Police seek public help to track armed robbery gang in Bulawayo
Police in Bulawayo are appealing to the public for assistance in identifying and apprehending a gang of 10 armed robbers who carried out a daring heist at United Refineries in the Kelvin Industrial Ar...Published: 12 Dec 2024 at 06:46hrs | 307 | by Staff reporter
4 banks quit in South Africa in 2024
BNP Paribas, HSBC, Sasfin Bank, and Bidvest Bank have all announced massive changes to their South African operations in 2024.French-based BNP Paribas was the first bank of the four to announc...Published: 09 Dec 2024 at 15:19hrs | 781 | by Staff reporter
South Africa running out of money at an alarming rate
Efficient Group chief economist Dawie Roodt has warned that South Africa is heading for a financial crisis due to its growing debt burden.Speaking to State of the Nation's Mark Sham, Roodt sai...Published: 09 Dec 2024 at 15:15hrs | 726 | by Staff reporter
Bulawayo raises over US$21 million for Glassblock dam construction
Bulawayo City Council has successfully raised over US$21 million toward the construction of the Glassblock Bopoma Dam, a critical infrastructure project aimed at addressing the city's water crisis and...Published: 08 Dec 2024 at 10:09hrs | 2660 | by Staff reporter
London declining as financial center
The number of companies listed on the London Stock Exchange (LSE) is decreasing at the quickest pace in more than ten years, Bloomberg has reported, citing data compiled by the outlet.In 2024,...Published: 06 Dec 2024 at 14:20hrs | 282 | by Staff reporter
Bulawayo armed robbery gang arrested
A gang of three suspected armed robbers has been arrested in Bulawayo following a string of violent home invasions.The suspects, Mkhaliphi Ncube alias Mlonitshwa (25) of Cowdray Park, and Give...Published: 06 Dec 2024 at 06:27hrs | 376 | by Staff reporter
Zimbabwe's Banking Sector and No Arrests Years Down the Line
United Merchant Bank (UMB) - Closed in 1998 due to insider loans and mismanagement.Universal Merchant Bank (UMB) - Closed in 2003 struggled with negative perceptions after UMB's collapse....Published: 05 Dec 2024 at 20:15hrs | 304 | by Engineer Jacob Kudzayi Mutisi
Zimbabwe's errant bankers must be punished
Vocal Harare political activist and business advocate, Engineer Jacob Mutisi, has called for stringent accountability for bankers and financial institutions involved in the mismanagement and fraudulen...Published: 05 Dec 2024 at 09:19hrs | 1408 | by Staff reporter
Zimbabwe's banking sector and no arrests years down the line
United Merchant Bank (UMB) - Closed in 1998 due to insider loans and mismanagement.Universal Merchant Bank (UMB) - Closed in 2003 struggled with negative perceptions after UMB's collapse....Published: 05 Dec 2024 at 09:07hrs | 609 | by Eng. Jacob Kudzayi Mutisi
Zimbabwe's central bank claims success in stabilising rate and inflation
The Reserve Bank of Zimbabwe (RBZ) has announced significant progress in stabilising the country's exchange rate and inflation following a series of monetary policy interventions, including a cumulati...Published: 04 Dec 2024 at 14:23hrs | 294 | by Staff reporter
Zimbabwe targets 1 million houses by 2025
Zimbabwe is on track to achieve an ambitious target of one million houses by 2025, as part of the Second Republic's commitment to ensuring decent shelter for all citizens. This milestone comes after t...Published: 04 Dec 2024 at 06:36hrs | 80 | by Staff reporter
'Banks refuse to make salary payments on behalf of Zimbabwe govt'
A dramatic financial crisis has hit Zimbabwe's civil service as banks have reportedly withheld payments for thousands of public sector workers' salaries, citing the government's inability to meet its ...Published: 03 Dec 2024 at 09:58hrs | 12995 | by Staff reporter
Mnangagwa's govt faces lawsuit over delayed salaries
Government workers, including teachers, have turned to lawyers in an attempt to understand why they have not received the local currency component of their November pay and bonus, almost two weeks aft...Published: 02 Dec 2024 at 07:23hrs | 1090 | by Staff reporter
Police smash armed robbery syndicate in Bulawayo
In a significant breakthrough, Zimbabwean police have dismantled a seven-member armed robbery syndicate that had been terrorizing residents of Bulawayo. The arrests come amid heightened efforts to cur...Published: 02 Dec 2024 at 07:18hrs | 855 | by Staff reporter
The 'torn' money-buying brigade: A hustle for survival in Zimbabwe
For many in Zimbabwe, especially those navigating the streets of Harare, torn or worn-out money has become more than just a nuisance - it's an opportunity for survival. One such individual, 30-year-ol...Published: 27 Nov 2024 at 07:05hrs | 377 | by Staff reporter
Surge in US$ cash transactions triggers spike in armed robberies in Zimbabwe
Zimbabwe is experiencing an alarming rise in armed robberies, with the increasing use of US dollar cash transactions making businesses, banks, and individuals prime targets for criminals. Violent atta...Published: 27 Nov 2024 at 06:50hrs | 246 | by Staff reporter
885 import permits granted to ensure food security in Zimbabwe
The Zimbabwean Government has issued 885 import permits to 423 private companies to address food security challenges caused by this year's severe drought. The move aims to bolster the private sector's...Published: 27 Nov 2024 at 06:43hrs | 153 | by Staff reporter
Top private school put under corporate rescue
Top private school, Knowstics Academy, has been placed under corporate rescue as part of efforts to revive its operations and restore its reputation in Zimbabwe's competitive education sector....Published: 26 Nov 2024 at 08:16hrs | 807 | by Staff reporter
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