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'Offshore centre plans on track'
FINANCE minister Mthuli Ncube says Zimbabwe has made significant strides in its quest to set up an offshore financial services centre in Victoria Falls.He said a planned commodities exchange w...Published: 23 hrs ago | 121 | by Staff writer
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 | 1332 | by Staff reporter
Zimbabwean bankers sweat over forex crackdown
Zimbabwean bankers are fretting over compliance with government directives to root out "illegal foreign currency dealings, with the country's biggest bank, CBZ, cautioning its employees against facili...Published: 17 Oct 2021 at 09:05hrs | 994 | by Staff reporter
Govt will keep digging in on currency
IN the week under review the Zimbabwean dollar (Zimdollar) swept past the psychological 1:90 mark. The local unit has been losing ground against the United States dollar on a weekly basis, for 24 stra...Published: 15 Oct 2021 at 20:20hrs | 170 | by Respect Gwenzi
Can Caterpillars Save Us?
For as long as anyone can remember, mopane worms have provided a critical source of nutritional and financial sustenance for Zimbabweans, especially in the country's southernmost provinces.In ...Published: 14 Oct 2021 at 19:24hrs | 939 | by Fortune Moyo
Zera dismisses Zimdollar fuel hoax
THE Zimbabwe Energy Regulatory Authority (zera) has not designated any service station to sell fuel exclusively in Zimbabwe dollars, contrary to reports circulating on social media.In a statem...Published: 10 Oct 2021 at 06:36hrs | 458 | by Staff reporter
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
Govt ups forex black market fight
GOVERNMENT is implementing a raft of additional measures to curb the illegal trading of forex and the benchmarking of prices using the parallel market rates, Finance and Economic Development Minister ...Published: 08 Oct 2021 at 06:26hrs | 303 | by Staff reporter
Mbudzi traders to resist eviction
TRADERS yesterday described the Harare City Council's order for them to vacate Mbudzi roundabout within 48 hours as illegal and unconstitutional.On Tuesday, council ordered traders who conduct...Published: 07 Oct 2021 at 07:05hrs | 1212 | by Staff reporter
Forex blackmarket: More arrests loom
More people illegally dealing in foreign currency will soon be arrested and more financial institutions charged as Government cracks the whip against those driving and manipulating the black market de...Published: 07 Oct 2021 at 07:01hrs | 710 | by Staff reporter
How business phone services is advantageous in 2021
The technology that has come together with the evolution and rapid growth of the smartphone era has been rapidly shifting and advancing every day and aiding every aspect of the world. The same...Published: 06 Oct 2021 at 12:32hrs | 225 | by Staff Writer
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
Simbisa in US$19,3m expansion drive
RESTAURANT chain, Simbisa Brands Limited (SBL) will spend US$19,3 million on 92 new stores for its 2022 financial year as it seeks to expand its footprint.This comes as part of the group's eff...Published: 29 Sep 2021 at 06:43hrs | 358 | by Staff reporter
Graft rife among bigwigs, says Zacc chair
ZIMBABWE Anti-Corruption Commission (Zacc) chairperson Justice Loice Matanda-Moyo yesterday said major perpetrators of corruption in the country were bigwigs, making it difficult for ordinary citizens...Published: 28 Sep 2021 at 06:18hrs | 499 | by Staff reporter
Gold rush spawns fresh displacements
THOUSANDS of Domboshawa villagers on the outskirts of Harare face imminent displacement to accommodate a clique of gold miners with strong links to the ruling Zanu PF party and top government official...Published: 24 Sep 2021 at 09:43hrs | 630 | by Staff reporter
Mnangagwa proud of industry revival
PRESIDENT Mnangagwa yesterday expressed pride over the positive strides being registered by the country's industries - taking advantage of the supportive Government policy reforms. These have enhanced...Published: 24 Sep 2021 at 09:02hrs | 96 | by Staff reporter
Chamisa not losing sleep
The MDC Alliance said it was not fazed on Monday after a new political party appeared to have hijacked one of its social media mobilisation slogans which some were advocating for to be the new party n...Published: 21 Sep 2021 at 20:53hrs | 969 | by Staff reporter
Dandemutande, Facebook in Wi-Fi hotspot deal
WHOLLY Zimbabwean information communication technology (ICT) solutions provider, Dandemutande Investments, has collaborated with Facebook to launch Wi-Fi connectivity services in Zimbabwe. Cod...Published: 20 Sep 2021 at 07:09hrs | 144 | by Staff reporter
Zimbabwe loses US$1,3bn in forex leaks
ABOUT US$1,3 billion is being siphoned out of the country every year and the proceeds are benefitting countries that ironically accuse Government of corruption.This was revealed by the Zimbabw...Published: 19 Sep 2021 at 08:10hrs | 258 | by Staff reporter
Zanu-PF sets district polls guidelines
Zanu-PF Secretary for Security Lovemore Matuke yesterday urged the party members to desist from vote buying and name dropping, saying candidates should stick to the set the guidelines for the district...Published: 17 Sep 2021 at 06:09hrs | 54 | by Staff reporter
Econet steps up its digital transformation drive
Econet Wireless Zimbabwe has stepped up its digital transformation drive by deploying more self-care service channels for its customers.The move, which is in line with the company's stated bus...Published: 16 Sep 2021 at 06:04hrs | 386 | by Staff reporter
Zimbabwe prices near regional parity
PRICES of basic commodities in Zimbabwe are approaching parity with those in neighbouring South Africa and other parts of the region, with some goods actually now priced lower on the domestic market, ...Published: 14 Sep 2021 at 06:00hrs | 297 | by Staff reporter
PSC warns of fake memos
Fake memos purporting to be from the Public Service Commission are being disseminated on social media platforms, but the commission does not use social media, instead sending circulars to heads of min...Published: 14 Sep 2021 at 06:00hrs | 182 | by Staff reporter
War vets endorse Mnangagwa for 2023
The Zimbabwe National Liberation War Veterans Association (ZNLWVA) has endorsed President Mnangagwa as Zanu-PF's candidate for the 2023 presidential elections. The war veterans, who met in Beatrice on...Published: 11 Sep 2021 at 12:14hrs | 300 | by Staff reporter
Zimbabwe prison officers protest over poor working conditions
About 400 Zimbabwe Prisons and Correctional Service (ZPCS) officers undergoing different specialist training at Ntabazinduna in Matabeleland North province reportedly staged a protest on Monday over p...Published: 10 Sep 2021 at 07:29hrs | 846 | by Staff reporter
Zhuwao speaks on his divorce
IN A recent Instagram post, Jason Swanepeol Zhuwao said he did not divorce his wife because she cheated, nor did they separate because of a dwindling financial situation as is rumored by certain media...Published: 09 Sep 2021 at 16:18hrs | 2515 | by Staff reporter
Chamisa, Biti tiff downplayed by MDC Alliance chairperson
MDC Alliance national Chairperson Thabhita Khumalo has said there is no pandemonium in the party's cockpit between MDC-Alliance president Nelson Chamisa and his deputy Tendai Biti as the purported fig...Published: 05 Sep 2021 at 07:12hrs | 4436 | by Staff reporter
Public confidence in Zimdollar keeps waning, no end in sight
THE revelation by Reserve Bank of Zimbabwe (RBZ) governor John Mangudya that the widening gap between the official and parallel foreign currency exchange rates is due to locals preferring the greenbac...Published: 27 Aug 2021 at 06:37hrs | 1626 | by Staff reporter
'Demand for local currency working capital swelling'
STANBIC Bank Zimbabwe says its operations have remained resilient to macro-economic challenges bedevilling the country having posted an inflation adjusted profit after tax of ZW$1,2 billion for the ha...Published: 27 Aug 2021 at 06:32hrs | 472 | by Staff reporter
Stanbic maintains steady performance in first half
Stanbic Bank has transcended the macroeconomic challenges bedeviling the country to post an inflation adjusted profit after tax of ZWL 1.2 billion for the half year to June 2021.The Standard B...Published: 26 Aug 2021 at 08:26hrs | 363 | by Staff reporter
Chamisa unmoved by being called 'Twitter president'
Zimbabwe's main opposition MDC Alliance leader Nelson Chamisa yesterday told Zambia's public broadcaster that Zimbabwe's state broadcaster never grants him interviews. "We only have one televi...Published: 25 Aug 2021 at 07:59hrs | 2592 | by Staff reporter
Gold deliveries slump
Fidelity Printers and Refiners (FPR) is worried about the decline in gold deliveries over the years owing to a number of factors and the firm is working on a cocktail of measures to address the challe...Published: 19 Aug 2021 at 16:35hrs | 159 | by Staff reporter
Backyard drug peddling exposed
SOME unscrupulous health professionals in Harare are running backyard pharmacies in blatant contravention of regulations that prohibit unlicensed personnel from selling drugs to the public.Inq...Published: 13 Aug 2021 at 06:50hrs | 434 | by Staff reporter
Econet posts $837 million profit
Zimbabwe's largest mobile telecoms firm, Econet Wireless Zimbabwe, posted $837 million profit in the full year to February 28, 2021 compared to a $5,7 billion loss in the previous period last year. Th...Published: 12 Aug 2021 at 06:38hrs | 242 | by Staff reporter
Zimbabwe's online content creators under siege
FREEDOM of expression and access to information is and will always be the backbone of any democracy.The media should express itself freely, without being gagged or persecuted. At the bottom of...Published: 08 Aug 2021 at 07:32hrs | 138 | by Evans Mathanda
Shocking bills for Covid-19 patients
Most private hospitals offering Covid-19 treatment are turning the pandemic into an economic and psychological nightmare for patients, with some of the institutions charging admission fees of up to US...Published: 08 Aug 2021 at 07:16hrs | 410 | by Staff reporter
Queen Lozikeyi: The force behind Ndebele uprisings
THE grave of a matriarch viewed by many historians as one of the major forces behind the second Umvukela (uprising) that culminated in independence for the country is situated at KoNkosikazi in Matabe...Published: 05 Aug 2021 at 06:14hrs | 579 | by Staff reporter
WHO ranks Zimbabwe high in vaccine procurement
The International Monetary Fund (IMF) and the World Health Organisation (WHO) have rated Zimbabwe among the best countries in the world when it comes to buying and acquiring supplies of Covid-19 ...Published: 05 Aug 2021 at 06:11hrs | 341 | by Staff reporter
Inefficient auction system dragging economic recovery
Zimbabwe has managed to turnaround and achieve double digit annual inflation from a periodic high of 838% realized in July 2020 to 56% achieved in July 2021. The redollarization of the local economy a...Published: 04 Aug 2021 at 15:57hrs | 786 | by Victor Bhoroma
Zimbabwe records several missing immigrants
ZIMBABWE has been adjudged one of the countries with the highest number of missing immigrants, including the 21 who were swept away by the Limpopo River between 2014 and January 2021.The 21 we...Published: 04 Aug 2021 at 06:29hrs | 693 | by Staff reporter
Zimbabwe ranked second least happy country in the world
The 2021 World Happiness Report is out, and Zimbabwe ranked one step above Afghanistan, the world’s unhappiest country in the world. A total of 149 countries made the pool of countries that were ran...Published: 31 Jul 2021 at 20:02hrs | 2080 | by Tafara Mtutu
Companies struggle to raise US$2 billion
ZIMBABWE'S manufacturing companies have struggled to raise about US$2 billion in fresh capital to drive production back to pre-crisis levels, industry data indicated this week, as executives warned th...Published: 23 Jul 2021 at 08:53hrs | 194 | by Staff reporter
Will Zimbabwe recover and benefit from the AfCFTA?
African Continental Free Trade Area (AfCFTA) came at the time when Zimbabwe is at the verge, struggling economically as seen with poverty elongated with COVID-19 dominating the society. AfCFTA is a pr...Published: 22 Jul 2021 at 09:37hrs | 523 | by Fifteen Theophelous
PPC receives US$11,2 million legacy debt payment from RBZ
CEMENT maker, PPC Zimbabwe, has acknowledged receipt of US$11,2 million from the Reserve Bank of Zimbabwe under the legacy debts repayment facility.The debt accrued as a result of cash flows g...Published: 20 Jul 2021 at 18:47hrs | 1484 | by Staff writer
Diaspora inflows top US$1 billion
Zimbabwe's Diaspora remittances jumped 58 percent last year, to about US$1 billion, a development that helped the country to cover gaps left by trade disruptions caused by the Covid19 pandemic. ...Published: 20 Jul 2021 at 08:11hrs | 236 | by Staff reporter
Zimbabwe feeling heat from SA riots
Zimbabwe's industries will likely feel the pinch of the violent demonstrations and looting unfolding in South Africa, its largest trading partner, as trade channels get clogged and supply chains disru...Published: 16 Jul 2021 at 09:02hrs | 469 | by Staff reporter
Mnangagwa denies withholding Ndewere dismissal report
PRESIDENT Mnangagwa has denied allegations that he withheld a full report containing the reasons why he dismissed former High Court judge Justice Erica Ndewere.Ndewere last week filed an urgen...Published: 15 Jul 2021 at 09:37hrs | 729 | by Staff reporter
Reserve money drops to $23,53 billion
RESERVE money, which refers to local banks' balances sitting with the Reserve Bank of Zimbabwe (RBZ), dropped by $917,13 million to $23,53 billion during the week ending July 2, mainly due to payment ...Published: 14 Jul 2021 at 09:37hrs | 243 | by Staff reporter
Zimbabwe's new $50 can't buy bread
LAST week, the Zimbabwean central bank introduced a $50 note, the country's highest denomination since a return to Zimbabwean dollars as the main currency in 2019.It joins other denominations ...Published: 13 Jul 2021 at 09:15hrs | 2326 | by Staff reporter
Illicit financial flaws daunt RBZ
THE central bank is facing a gigantic task in curbing illicit financial flows with exporters having devised complex ways of evading high retention thresholds as swap deals top the list of their illega...Published: 09 Jul 2021 at 12:09hrs | 348 | by Staff reporter
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