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Zimnat assists families of deceased miners
Zimnat, one of the leading players in the Zimbabwean life assurance and short-term insurance industries since 1946, has donated funeral services worth $10 000 for the burial of 10 of the miners killed...Published: 12 hrs ago | 533 | by Staff reporter
RBZ sets rate of 2.50 for devalued RTGS dollars
Zimbabwe's new currency is expected to begin trading at around 2.5 to the U.S. dollar, Central Bank Governor John Mangudya said on Friday, a significant devaluation as the regulator attempts to stem c...Published: 12 hrs ago | 2530 | by Reuters
Zimbabweans should accept that their balances have been devalued by 2.5 times, says Mthuli Ncube
The Reserve Bank of Zimbabwe has set the interbank rate at 2.5 to the US dollar to kick start its auction system. However its ability to sustain it at those levels depends, among others o...Published: 13 hrs ago | 7770 | by FinX
Zimbabwe money transfer agencies to import own notes
Zimbabwean money transfer agencies face increasing problems in meeting their customer obligations owing to the termination of correspondent-bank arrangements between local banks and international fina...Published: 18 hrs ago | 3875 | by Staff reporter
Unpacking floating of exchange rate by Zimbabwe
The Governor of the Reserve Bank of Zimbabwe (RBZ) Dr Mangudya in his monetary policy statement liberalised the exchange rate that is, departing from the 1:1 position of the bond notes or real time gr...Published: 18 hrs ago | 818 | by Dr Mugano
People of Zimbabwe deserve a new day
ON Wednesday this week, Reserve Bank of Zimbabwe (RBZ) governor John Mangudya presented a long-awaited monetary policy statement.This had been expected in January and was postponed several tim...Published: 19 hrs ago | 991 | by Eddie Cross
Anti-corruption officials accused of theft
THREE Zimbabwe Anti-Corruption Commission (ZACC) officials have been hauled before the courts on allegations of stealing cash and groceries belonging to a Mutare court official.The trio, Tawan...Published: 19 hrs ago | 364 | by Staff reporter
Black market forex rate remains stable
PARALLEL market rates remained stable yesterday following the decision by Reserve Bank of Zimbabwe Governor Dr John Mangudya to liberalise the United States dollar exchange rate against Real Time Gros...Published: 21 Feb 2019 at 22:33hrs | 6183 | by Staff reporter
MDC slams RBZ currency moves
Zimbabwe has "de-dollarised through the back door," the Movement for Democratic Change (MDC) said on Wednesday after the Reserve Bank of Zimbabwe unveiled its delayed Monetary Policy Statement....Published: 21 Feb 2019 at 20:56hrs | 874 | by ZimLive
ZimJustice unveils new conditions in order to assist more workers
The Zimbabwe Network for Social Justice (ZimJustice) has unveiled new conditions so as to enable it to assist more unfairly treated workers in their quest for justice.ZimJustice, which is a ne...Published: 21 Feb 2019 at 16:08hrs | 478 | by ZimJustice Communications Department
ZANU PF only listens to violent rebellion!
The recent violent protests that rocked most Zimbabwe cities between 14 and 16 January 2019, have offered enough proof that the only way the ZANU PF regime will ever seriously listen to the people's g...Published: 21 Feb 2019 at 10:51hrs | 1281 | by Peace Chiwara Marangwanda
'Monetary Policy Statement will bring sanity' says RBZ Governor - will not and never will as long as insane rule the roost
The primary objective of the Reserve Bank of Zimbabwe's (RBZ) long awaited Monetary Policy Statement was to bring sanity to Zimbabwe's chaotic economic world, especially the madness in financial and c...Published: 21 Feb 2019 at 09:14hrs | 1125 | by Nomusa Garikai
Mangudya kills forex black market?
INDUSTRIALISTS and market watchers have hailed the monetary policy statement presented yesterday by Reserve Bank of Zimbabwe (RBZ) Governor Dr John Mangudya, saying it will kill the foreign currency p...Published: 20 Feb 2019 at 22:40hrs | 2906 | by Staff reporter
Importation and exportation of currency by travellers into Zimbabwe
The importation and exportation of currency is governed by the Reserve Bank of Zimbabwe (RBZ) in terms of the Exchange Control Act [Chapter 22:05] as read with Exchange Control Regulations, Statutory ...Published: 20 Feb 2019 at 22:16hrs | 1108 | by Zimra
Is Zimbabwe nostalgic for Robert Mugabe?
WHILE it's unlikely that many Zimbabweans yearn for former ruler Robert Mugabe's return, the occasion of his 95th birthday on Thursday has led some to see him in a softer light."Comrade Bob" w...Published: 20 Feb 2019 at 14:42hrs | 2535 | by AFP
How to Choose the Best Forex Broker for Beginners
The Forex market is one of the largest financial markets in the world. It offers 24 hours trading with a turnover of trillions of dollars a day. The currency market is filled with people with diverse ...Published: 20 Feb 2019 at 11:28hrs | 663 | by Staff Reporter
Zinara rules out tollgate fees hike
THE Zimbabwe National Road Adminstration (Zinara) says it will not increase road user fees despite resurgent inflationary pressures.Responding to questions from Matabeleland North road authori...Published: 20 Feb 2019 at 10:04hrs | 249 | by Staff reporter
Forex shortages hit money transfer agencies
Money transfer agencies mainly Western Union, have become latest victims of foreign currency shortages as it emerged they are failing to access hard cash from local banks for onward transfer to receiv...Published: 19 Feb 2019 at 22:57hrs | 6270 | by Staff reporter
Mangudya to present a clear roadmap on currency reforms
The Reserve Bank of Zimbabwe may unveil the measures in its Monetary Policy Statement to be announced on Wednesday, said the official, who asked not to be identified because he's not authorised to spe...Published: 19 Feb 2019 at 16:48hrs | 4498 | by Staff reporter
Mangudya considering devaluing Zimbabwe bond notes
Zimbabwe's central bank is considering devaluing its quasi-currency as part of a raft of reforms to the nation's foreign-exchange system, according to a central bank official.Depreciating the ...Published: 19 Feb 2019 at 13:22hrs | 6853 | by Bloomberg
Mnangagwa's 'CIO son' cons church-mate
A 30-year-old Harare businessman was Monday dragged before a Harare magistrate for allegedly duping his church mate out of his cash and goods while purporting to be a member of the Central Intelligenc...Published: 19 Feb 2019 at 12:42hrs | 2742 | by newzimbabwe
Can the Zimbabwe currency situation be solved using innovative technology?
Zimbabwe has been ravaged by price increases and shortages of basic commodities such as fuel. A new technology business, ZIMBOCASH, says the direct cause of these challenges is money printing. ZIMBOCA...Published: 19 Feb 2019 at 11:37hrs | 1057 | by Agencies
Tollgate scandal rocks Zinara
inara has lost thousands of dollars in foreign currency and bond notes to tollgate cashiers who have been manipulating operating systems. According to people familiar with the developments, th...Published: 19 Feb 2019 at 08:33hrs | 2602 | by Staff reporter
Jailed robbers face fresh charges
THREE armed robbers recently jailed to 35 years for robbing buses were last week back in court, charged with another two counts of robbery.Jobson Shonhe (39) of Gokwe, Samuel Moyo (29) of Chip...Published: 19 Feb 2019 at 08:28hrs | 560 | by Staff reporter
Zimbabwe FCA deposits hit US$600m
The decision to separate real time gross settlement (RTGS) foreign currency accounts from actual United States dollar accounts is beginning to pay dividends amid indications that deposits for the latt...Published: 18 Feb 2019 at 23:05hrs | 2906 | by Staff reporter
2,4m Zimbabweans food insecure as drought, rising costs bite
The 150% fuel price hike that sparked mass public unrest across Zimbabwe last month sent the cost of living skyrocketing: the price of bread nearly doubled in a week.Worse is likely to come....Published: 18 Feb 2019 at 07:14hrs | 236 | by IRIN
Black market forex rates fairly stable since January
BLACK market foreign currency exchange rates have remained fairly stable for almost two months with dealers attributing the trend to a reduction in demand.A random assessment by NewZimbabwe.co...Published: 18 Feb 2019 at 07:14hrs | 2262 | by newzimbabwe
4 armed robbers in army uniform arrested
FOUR suspected armed robbers who allegedly targeted businesses in Harare, Chegutu and Chinhoyi and made off with more than $200 000 cash, appeared at the Harare Magistrates' Court on Friday charged wi...Published: 18 Feb 2019 at 07:03hrs | 983 | by Staff reporter
Mnangagwa touched by Battlefields tragedy
President Mnangagwa has mourned artisanal miners who perished after mining shafts at Cricket No. 3 and Jongwe Mining Cooperative in Mhondoro-Ngezi were flooded on Tuesday. It is estimated that...Published: 18 Feb 2019 at 06:51hrs | 366 | by Staff reporter
'Will have local currency when economic fundamentals are right' - not right last 38 years and counting
One of the many reasons Zimbabwe is in this economic mess is the sheer incompetence of those running the nation's affairs. Our leaders have a knack for making a mountain out of a mole hill and thus en...Published: 17 Feb 2019 at 23:06hrs | 844 | by Patrick Guramatunhu
Zimbabwe urgently needs own currency
THE drive for Zimbabwe to have its own currency is understandably gain-ing traction, particularly given the aberrations of price increases, multi-tier pricing and foreign currency shortages on the loc...Published: 17 Feb 2019 at 18:44hrs | 5148 | by Edmore Ndudzo
Zimbabwe maize harvest forecast at 900 000t
ZIMBABWE expects to harvest 900 000 tonnes of maize this year. This is an upward revision from the 800 000 tonnes initially forecast but is below the 1.8 million tonnes, the country consumes on an ann...Published: 17 Feb 2019 at 16:40hrs | 1773 | by Staff reporter
24 bodies retrieved from flooded Zimbabwe gold mine
Rescue workers retrieved 24 bodies and eight survivors Saturday from two flooded gold mines in Zimbabwe where officials fear dozens more illegal miners are still trapped, state television reported....Published: 17 Feb 2019 at 08:38hrs | 4505 | by AFP
Bushiri's private jet attached
Self-proclaimed prophet Shepherd Bushiri's multimillion-rand private jet has been attached by the Asset Forfeiture Unit (AFU) - part of the National Prosecuting Authority (NPA) - amid allegations that...Published: 17 Feb 2019 at 08:32hrs | 8298 | by news24
How cryptocurrencies can rescue Zimbabwe
On September 17, 2018 media houses were abuzz with the news that the then newly appointed Finance minister Mthuli Ncube was considering cryptocurrencies as an option for Zimbabwe's economic turnaround...Published: 17 Feb 2019 at 08:00hrs | 645 | by Masotsha Charles Matlobo
RBZ not ready for Zimdollar return
Speculation that the Reserve Bank of Zimbabwe (RBZ) is readying itself to reintroduce the demonitised local currency gained momentum last week when former Finance minister Tendai Biti tweeted that the...Published: 17 Feb 2019 at 07:59hrs | 1080 | by Staff reporter
City dwellers to get food relief
Government will this year spread its food aid programme to vulnerable households in urban areas, as it moves to cushion residents against the fallout from El Nino-induced dry weather conditions, parti...Published: 17 Feb 2019 at 07:45hrs | 95 | by Staff reporter
Smart agriculture will boost economy
Smart agriculture has the potential to help farmers increase their yields through adoption of modern, technologically enabled farming methods, President Emmerson Mnangagwa has said.In a speech...Published: 17 Feb 2019 at 07:42hrs | 140 | by Staff reporter
Avalanche of blunders gives Mangudya guts to challenge 'Tzar' Ncube - another sneak resignation on card
Rumour has it that Minister of Finance, Professor Mthuli Ncube, and the Governor of Reserve Bank of Zimbabwe Dr John Mangudya are failing to agree on key monetary policies including when Zimbabwe shou...Published: 16 Feb 2019 at 21:04hrs | 6167 | by Nomusa Garikai
Zimbabwe moots stop and search roadblocks
GOVERNMENT is considering introducing stop-and-search security roadblocks on roads following a wave of armed robberies targeting cross-border buses plying the Zimbabwe-South Africa route.A num...Published: 16 Feb 2019 at 20:13hrs | 1436 | by Staff reporter
Ex-MDC MP faces jail over bank loan
FORMER MDC legislator Paul Madzore risks civil imprisonment after he was taken to court by CBZ Bank Limited over a $22 000 debt.The financial institution issued summons for civil imprisonment ...Published: 15 Feb 2019 at 14:38hrs | 1099 | by Staff reporter
The Mnangagwa regime
This article was first published by the House of Commons Libra...Published: 15 Feb 2019 at 14:35hrs | 987 | by House of Commons Library
Journalist's 'death' another hoax
Elizabeth Zimunda, the woman identified as a veteran journalist who was allegedly killed by security forces in Chitungwiza during last month's violent protests organised by MDC-Alliance and its associ...Published: 15 Feb 2019 at 08:32hrs | 610 | by Staff reporter
Fraudsters dupe 100 nurses
TWO suspected fraudsters who allegedly duped 100 unsuspecting aspiring nurses in Chipinge and pocketed $41 000 from the scam were on Monday arraigned in court facing fraud charges.The suspects...Published: 15 Feb 2019 at 08:29hrs | 428 | by Staff reporter
Con-artist dupes minister, Zanu-PF MP
A SERIAL Harare conman allegedly masqueraded as former Bulawayo High Court judge Justice Mafios Cheda to dupe several prominent people, among them Defence deputy minister Victor Matemadanda and Bubi l...Published: 14 Feb 2019 at 07:29hrs | 1501 | by Staff reporter
'Suppliers demand cash up-front from NatPharm'
National Pharmaceutical Company (NatPharm) has said foreign suppliers of drugs are now demanding cash up-front from Zimbabwe before releasing orders, further worsening the supplies of medicines in the...Published: 14 Feb 2019 at 07:26hrs | 171 | by Staff reporter
'No plans to ban kombis'
Government has no immediate plans to phase out kombis, an official has said. In an interview, Deputy Minister of Transport and Infrastructural Development Fortune Chasi said the reintroduction...Published: 14 Feb 2019 at 07:11hrs | 287 | by Staff reporter
Woman flees from court
A Harare medical doctor's wife, who was dragged to court by her husband of two months, was convicted yesterday but fled from court before sentence.Christina Hamilton was convicted by Harare re...Published: 13 Feb 2019 at 15:38hrs | 3545 | by Staff reporter
Lumumba's ally blasts Strive Masiyiwa's bank
Fresh In A Box founder and William Mutumanje's close ally Kuda Musasiwa has slammed Steward Bank and Ecocash for the transaction charges that are charged by the two entities.Steward Bank and E...Published: 13 Feb 2019 at 15:09hrs | 4621 | by Mandla Ndlovu
Zimbabwe sanctions' myth - countries with tougher sanctions performing better
When the Robert Gabriel Mugabe regime was toppled in a military coup in November 2017, most people believed that his successor's much touted 'new dispensation' would do away with excuses for the gover...Published: 13 Feb 2019 at 13:28hrs | 2111 | by Tendai Ruben Mbofana
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