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Cash dependency threatens Zimbabwe's digital economy goals

Banking experts have warned that Zimbabwe's heavy reliance on cash is undermining the country's push towards a digital economy, despite widespread mobile penetration and modern payment infrastructure.Speaking at the inaugural ZimSwitch Dig…

Published: 04 Sep 2025 at 07:41hrs | 35 | by Staff reporter

Mukuru runs out of cash

Hundreds of recipients of diaspora remittances in Masvingo were left stranded on Monday after Mukuru, Zimbabwe's largest international money transfer agent, temporarily ran out of cash.Beneficiaries were seen moving between outlets in hope…

Published: 03 Sep 2025 at 09:31hrs | 1763 | by Staff reporter

Weighbridge attendant accused of defrauding employer

A weighbridge attendant at National Foods' Workington Branch, Simon Kuyezesa (53), appeared before Harare magistrate Tapiwa Kuhudzai on allegations of defrauding the company of more than US$9,000. Kuyezesa was not required to plead during …

Published: 31 Aug 2025 at 09:21hrs | 57 | by Staff reporter

Police seize car believed bought with stolen cash

Police have seized a vehicle from Paul Chinomona, who is suspected of participating in the Milton Park robbery that saw US$59,000 stolen in cash. Chinomona appeared before Harare magistrate Marewanazvo Gofa but was not asked to plead. Auth…

Published: 31 Aug 2025 at 09:20hrs | 111 | by Staff reporter

Zimbabwe govt cash transfer scheme runs dry

Zimbabwe's urban cash transfer programme, designed to support vulnerable families, has effectively collapsed, with Social Welfare Minister Edgar Moyo revealing in Parliament that no funds have been disbursed in 2025 following a halt in Tre…

Published: 25 Aug 2025 at 22:21hrs | | by Staff reporter

Zimbabweans pledge property for loans

Zimbabweans are increasingly pledging household items such as beds, fridges, and other personal property as collateral to secure small loans from financial institutions, highlighting the dire state of credit access and economic hardship fa…

Published: 08 Aug 2025 at 09:03hrs | | by Staff reporter

Gun-toting robbers storm Murombedzi wholesale, flee with cash

Police in Zvimba have launched a manhunt for an armed gang that attacked a wholesale shop at Murombedzi Growth Point, making away with US$29,700 in cash on Thursday morning.According to a statement from the Zimbabwe Republic Police (ZRP), …

Published: 13 Jul 2025 at 11:25hrs | | by Staff reporter

Security guard arrested in $4 million Ecobank cash heist probe

Police have made a breakthrough in Zimbabwe's largest-ever cash heist, arresting a suspect linked to the dramatic US$4 million robbery at an Ecobank branch in central Bulawayo last year.Bulawayo police spokesperson Inspector Nomalanga Mseb…

Published: 04 Jul 2025 at 14:32hrs | 868 | by Staff reporter

Mnangagwa's govt sunk US$10m into chaotic Independence day fete

The Zimbabwean government could have sunk up to US$10 million into the Independence Day celebrations held on Friday, which were marred by a series of embarrassing infrastructure failures and poor workmanship at the venue in Mutora growth p…

Published: 21 Apr 2025 at 09:08hrs | | by Staff reporter

Hoarding cash undermines Zimbabwe economy

Stashing cash in safe deposit boxes, a practice often used to secure valuables, is adversely affecting the smooth functioning of the economy by diverting funds away from productive sectors, according to the Reserve Bank of Zimbabwe (RBZ).W…

Published: 13 Apr 2025 at 09:38hrs | 176 | by Staff reporter

Is it legal to keep US$70,000 cash at home in Zimbabwe?

In recent weeks, Zimbabwe has experienced an alarming increase in armed robbery cases, with criminals specifically targeting individuals and businesses that keep large amounts of cash at their premises or homes. This uptick in robberies ha…

Published: 19 Mar 2025 at 09:58hrs | 831 | by Staff writer

Reasons why South Africans treat the 13 digit ID number like a qualification

South Africa's green ID book has been used as the country's main identity document for 44 years, during which time it has only received a handful of minor security upgrades. Blacks only started using the ID after 1984 as it was only reserv…

Published: 29 Oct 2024 at 14:20hrs | | by Staff reporter

South Africa plans to say goodbye to cash?

Despite the surging adoption of contactless payments in South Africa, more than half of the country still relies on cash as their dominant payment method, and the digital divide is slowing the migration to digital currencies.South Africa's…

Published: 29 Oct 2024 at 13:54hrs | 3060 | by Staff reporter

RBZ pumps US$32 million into market

The Reserve Bank of Zimbabwe (RBZ) has infused approximately US$32 million into the interbank foreign exchange market over the past three weeks to stabilize the Zimbabwe Gold (ZiG) currency and address imbalances between foreign currency s…

Published: 27 Oct 2024 at 12:19hrs | 158 | by Staff reporter

5 guns and US$68,000 stolen in armed robberies

Police are investigating two armed robberies in Esigodini and Harare in which US$45,000 and US$23,000 was stolen respectively.In the raid at the offices of a security company on Lymington Road in Strathaven in Harare, the robbers also stol…

Published: 07 Oct 2024 at 17:04hrs | 1489 | by Staff reporter

Burnside couple surrenders US$1800 after 1 hour torture

A couple from Burnside suburb in Bulawayo endured an hour of torture at the hands of two masked and armed robbers who reportedly stole US$1800 from them.The robbers, clad in balaclavas and dark sunglasses, were armed with an iron bar and a…

Published: 06 Sep 2024 at 07:45hrs | 744 | by Staff reporter

Thomas Mapfumo tells Wicknell Chivayo to 'stop soiling my name'

Exiled legendary Zimbabwean musician Thomas Mapfumo has rubbished claims that he is considering returning to Zimbabwe after being offered a US$700,000 package that includes a house, car and cash by controversial businessman Wicknell Chivay…

Published: 20 May 2024 at 08:45hrs | 14 | by Staff reporter

ZiG fails to break Zimbabwe's cash crunch

Informal traders at Harare's Mbare market, a bustling center of commerce generating millions of US dollars weekly, have revealed their ongoing struggle with a cash shortage, hitting women vendors the hardest. The shift to Zimbabwe Gold (Zi…

Published: 18 May 2024 at 12:18hrs | | by Staff reporter

Swindlers cash in on UK's certificates of sponsorship

FOR close to two years, Maud Kwembeya (33) - of Zimunya in Mutare - has been harbouring thoughts of one day migrating to the United Kingdom (UK) in search of greener pastures.A vastly experienced nurse aide, Kwembeya desperately wanted to …

Published: 03 Dec 2023 at 10:33hrs | 16 | by Staff reporter

Zanu-PF pampers rapist with house, cash

THE ruling Zanu-PF party rewarded convicted rapist Bobby Makaza with a house and a substantial amount of cash during a presidential rally in Mutawatawa, Mashonaland East province, on Saturday.Makaza was sentenced to 16 years in prison by a…

Published: 07 Aug 2023 at 06:42hrs | 16 | by Staff reporter

Passengers lose cash, cellphones to robbers

A gang of four armed robbers in a red Honda Fit registration number AFD8585 offered lifts in Harare and attacked their passengers in two incidents and stole cash, cellphones and valuables.Police have since launched a manhunt for the robber…

Published: 28 Nov 2022 at 04:54hrs | 1 | by Staff reporter

Zimbabwe's cash-rich govt suppliers fuel currency volatility

GOVERNMENT procurement and service providers - who include public works contractors and suppliers of goods and services - are destabilising the foreign exchange market by offloading part of their staggering monthly payments fuelling spiral…

Published: 10 Aug 2022 at 08:40hrs | 3 | 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 withdraw their money from banks without restriction …

Published: 29 Sep 2021 at 06:44hrs | | by Silence Raki

Zimbabwe cash crisis spirals out of control

IT is an August morning in Harare. Winter winds are blowing cold. Samuel braves the cold, wakes up at 3am from his Kuwadzana home and treks to the central business district to look for cash at the bank.Upon arrival, he is given a piece of …

Published: 15 Aug 2019 at 07:28hrs | 1 | by Staff greporter

Where is Zimbabwe's cash going?

Zimbabwe is currently going through serious shortages of literally everything from bottled water to bread.Queues have become a common feature across the country as Zimbabweans struggle to purchase even the basics.Even after suspending impo…

Published: 04 Nov 2018 at 09:15hrs | 1 | by Crecey Kuyedzwa - Fin24

Mthuli Ncube's five big challenges

NEWLY-APPOINTED Finance and Economic Development minister Mthuli Ncube faces the unenviable task of navigating Zimbabwe's stuttering economy through serious challenges and will need to make tough decisions.The urgency of addressing these c…

Published: 16 Sep 2018 at 09:11hrs | | by Staff reporter

Zimbabwe cash crisis solution

A Zimbabwean man shows off new bond notes outside a bank in Harare on November 28, 2016. Picture: Philimon Bulawayo/ReutersPursuant to the adoption of the multicurrency system in Zimbabwe until around 2015, one could withdraw up to US$2 00…

Published: 27 Jul 2018 at 15:27hrs | | by Colls Ndlovu

Mangudya is not learning

Real reason why there is USD shortage in the market and how it can be fixed.It's always sad to see people mess up the country, It's even worse when you know how it could be done right. Dr Mangudya broke an economics law by introducing the …

Published: 28 May 2018 at 15:58hrs | | by Simplisio Muvunde

Chief makorokozas â€˜bless' Kwekwe, use money to buy votes

In what can be regarded as the battle for Kwekwe, prominent Zanu-PF "godfathers" of illegal gold mining in Kwekwe have invaded the political arena with much controversy.The "godfathers" of illegal gold mining were practically buying votes …

Published: 03 May 2018 at 07:04hrs | | by Roy Muroyi

Zimbabwe cash crisis that won't go away

If there is one common theme that ran throughout Zanu PF's election strategy under former President Robert Mugabe is that it had a litany of high sounding and astounding promises that never got fulfilled.This strategy could be Zanu PF's ba…

Published: 03 Apr 2018 at 06:55hrs | 20 | by Learnmore Zuze

Mugabe's cash demand exposes his duplicity

It has become clear now that Mugabe has been indicating right while turning left. In him, Zimbabwe had a first degree whited sepulchre, a cash and land baron. Most of the banks are giving out less than $100 to depositors per week. It's an …

Published: 16 Mar 2018 at 06:11hrs | | by Tafara Shumba

Man nearly crushed to death by train

A drunk ODZI man, who slept on the Harare-Mutare railway line recently believing he had arrived home, is lucky to be alive after a goods train crushed his legs.Manicaland Police spokesperson Inspector Tavhiringwa Kakohwa confirmed the inci…

Published: 15 Mar 2018 at 16:02hrs | 1 | by Staff reporter

Illegal cash traders in Zimbabwe - An economic analysis with Tryson Dube

In this crippled economy of Zimbabwe that is barely surviving. 'A lot' of people depend on the informal sector. Many of these people are living with income below the poverty datum line; 'plastic money' cannot be the only solution to the mo…

Published: 20 Dec 2017 at 05:42hrs | | by Tryson G. Dube

A cashless solution for Zim's crippling cash-crisis

Thousands of Zimbabweans are celebrating the resignation of Mugabe and renewed hope can be seen everywhere. Unfortunately, the overnight departure of a dictator doesn't extend to the crippling legacy he leaves behind.Economic recovery is t…

Published: 15 Dec 2017 at 08:22hrs | | by Brian Richardson, CEO of WIZZIT International

Dr Mangudya, you are to blame for the cash crisis!

Reserve Bank of Zimbabwe (RBZ) governor John Mangudya recently made d three disheartening statements concerning the current liquidity crisis.He said civil servants should not bother commercial banks by demanding cash because the government…

Published: 27 Aug 2017 at 12:58hrs | | by Blessing Machiva

Stash of cash and diamonds under Mugabe's bed

The shocking revelation by Robert Gabriel Mugabe that $15 billion worth of diamonds went missing from Marange diamond mines without him ordering an investigation that could have led to prosecutions of this grievous fiscal crime brings into…

Published: 30 May 2017 at 14:38hrs | 5 | by Themba Mthethwa

In Zimbabwe we are all queueing to withdraw hard cash

On the issue of liquidityCrises in any form are an opportunity for new paradigms to emerge.In Zimbabwe we are all queueing to withdraw hard cash of an estimated $300m according to private sector and $900m as recently  estimated by the…

Published: 17 Apr 2017 at 14:56hrs | 1 | by Vince Musewe

NMB Bank founder wanted US to choke Zim government's access to cash: Wikileaks

NMB Bank co-founder and managing director James Mushore suggested that the US blocks the importation of paper used to print money from Germany as a measure to choke the government's access to cash. According to leaked US embassy cables rel…

Published: 17 Sep 2011 at 13:04hrs | 2 | by Staff reporter

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Zimbabwe govt commissions Beitbridge maintenance camp

Miner crushes colleague to death

Foundation welcomes extension of Zimbabwe Exemption Permits

'Tocky Vibes' suffers US$25k loss

Driver, conductor kidnap cop

Delta bus to Zimbabwe hijacked in Johannesburg, 2 people dead

'President' Chiwenga opens Mine-Entra expo at ZITF

Traditional healer drowns during rituals

Wrangle over Mbare Vocational Training Centre rages

Sand dumping chokes Harare's sewer system

Kieswetter threatens Lucky Montana

Over 240 exhibitors showcase Innovation at Bulawayo Mine Entra Expo

Why Ostallos Siziba could be Zimbabwe's first Ndebele Head of State

Mucheke river bridge nears completion at 88%

Zimbabweans happy with ZEP extension

Mnangagwa's govt mobilises 16,000 tractors

Zimbabwe gold deliveries surge 37%

Cops dismissed over missing dagga exhibit

Chiwenga arrives in Bulawayo to open Mine Entra Expo

Bulawayo councillor granted bail pending appeal

ZB wants phased de-dollarisation process

Harare armed robber jailed 12 years

Kiki offered own house as 'Ian Smith Mansion'

Mnangagwa in shock appointments

Zimbabwe embassy takes passports outreach

Mudenda shuts door on Bulawayo radio station

Promoters urge Zimbabwe govt to slash licensing fees, levies

ZCC breaks ground on US$6m boarding school

BCC rejects free venue request from King Mambo

New twist to Zanu-PF Central Committee vacant post

Mpilo Hospital admits 18-year-old baby swap error

Mnangagwa in shock appointments

Mnangagwa accused of desperation over coup-proofing rituals

Botswana is selling citizenship

War Vets Threaten Showdown, Chiwenga Sidelined - Is Mnangagwa Losing Control?

Mangwana post sparks speculation: Was Chiwenga being mocked?

Delta bus to Zimbabwe hijacked in Johannesburg, 2 people dead

We will deal with Mnangagwa during this conference: Geza

Viral clip claims Zandile Dabula has Zimbabwean roots

Tongogara defends Zanu-PF-aligned businessmen: 'It's Strategy, not corruption'

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