Search / Chipika
Management shake up at RBZ
The Reserve Bank of Zimbabwe (RBZ) is initiating a significant remodelling of its management structure as newly appointed Governor John Mushayavanhu aims to assemble a capable team to address the coun...Published: 01 Nov 2024 at 06:48hrs | 2534 | by Staff reporter
'Zimbabwe making progress in formalising economy'
FINANCE minister Mthuli Ncube says the country is fast gaining ground on formalisation despite 86% of the economy being informal.Speaking at the launch of the second phase of the financial inc...Published: 01 Nov 2022 at 05:10hrs | | by Staff reporter
Robber who terrified victims with skeleton costume and mask jailed
A robber who dressed up as a human skeleton to terrify his victims is beginning a three-year prison sentence this week.Norman Chagwiza, 27, of Mutsambiwa Village in Gutu, pleaded guilty to one...Published: 15 Jun 2021 at 18:17hrs | | by Staff reporter
New RBZ Monetary Policy Committee members named
Finance and Economic Development Minister, Professor Mthuli Ncube, on Sunday, appointed five new members to the Reserve Bank of Zimbabwe Monetary Policy Committee (MPC). The new members,...Published: 23 Feb 2021 at 06:42hrs | | by Staff reporter
'Prophet' jailed for assaulting wife's boyfriend
A SELF-PROCLAIMED Bindira-based apostolic prophet Forget Mahachi (33) was yesterday sentenced to a month in jail for assaulting his wife's boyfriend with a stick.Mahachi was sentenced on his o...Published: 27 Oct 2020 at 07:21hrs | 3 | by Staff reporter
Cassava debuts on ZSE
The number of companies quoted on the Zimbabwe Stock Exchange has risen to 63 following the listing of Cassava Smartech which spun off from the Econet Wireless Group of Companies.Buying shares...Published: 18 Dec 2018 at 12:43hrs | | by Staff reporter
Tourists love 'Zimbabwe sex tree'
Mbuya Mujena, a traditional healer and fortune-teller at Great Zimbabwe's Karanga Village, says her customers never return to denounce herbs drawn from the legendary 'sex tree' left behind by Nyatsimb...Published: 03 Dec 2018 at 17:54hrs | 3 | by Staff reporter
Mthuli Ncube told to let the bond float
GOVERNMENT should not peg the exchange rate of the bond note, allowing it to float freely within the multi-currency system as a first step towards the introduction of a proper local currency, a local ...Published: 30 Sep 2018 at 19:01hrs | | by Staff reporter
Zimbabwe's US$800m forex reserve gap
Zimbabwe requires a foreign currency cover of US$1 billion, against current reserves of US$200 million and needs to further increase production to narrow the gap, an official has said.Ms Jesim...Published: 30 Sep 2018 at 07:23hrs | | by Staff reporter
Zimbabwe's foreign reserves plummet
Zimbabwe's foreign reserves have depleted to $200 million against a requirement of $1 billion cover as the country is struggling to emerge out of a near-recession, the Reserve Bank of Zimbabwe (RBZ) h...Published: 29 Sep 2018 at 13:08hrs | | by Staff reporter
Econet celebrates 20 years of ZSE listing
Econet Wireless Zimbabwe yesterday reached a major milestone after completing 20 years since its shares were listed and first publicly traded on the Zimbabwe Stock Exchange (ZSE); a month after Zimbab...Published: 18 Sep 2018 at 06:17hrs | | by Staff reporter
Ecobank rolls out $150m letter of credit lines
Ecobank Zimbabwe has rolled out over $150 million worth of letters of credit lines into the Zimbabwean market in the last eight months as the bank moves to support the economy.Ecobank Zimbabwe...Published: 20 Jun 2018 at 07:19hrs | 1 | by Staff reporter
Ecobank to source more funds for critical imports
ECOBANK Zimbabwe, a unit of Togo-based Ecobank Transnational Inc, is arranging a $45 million line of credit to fund importation of critical raw materials, an official has said. Zimbabwe is grappling w...Published: 20 Jun 2018 at 06:46hrs | | by Staff reporter
Zanu-PF bigwigs gang up against Mnangagwa
More than 25 top Zanu-PF and government officials have ganged up against President Emmerson Mnangagwa's administration and filed a $20 million lawsuit for loss of business following the recent cancell...Published: 04 Jun 2018 at 07:39hrs | | by Staff reporter
Manufacturing, tourism get first preference in RBZ facility
COMPANIES in manufacturing and tourism industries will be the first beneficiaries of the Reserve Bank of Zimbabwe's $350 million facilities for entrepreneurs due to severe foreign payment backlogs and...Published: 03 Apr 2018 at 07:01hrs | | by Staff reporter
Zimbabwean man murdered in SA hospital, family wants answers
The family of a Zimbabwean man is demanding answers after he was found dead in a ward in Stellenbosch Provincial Hospital where he had been admitted for 72-hour mental health observation.Tapiw...Published: 29 Mar 2018 at 11:26hrs | 1 | by Staff reporter
RBZ wants more financial inclusion for women
THE Reserve Bank of Zimbabwe (RBZ) has called on women nationwide to embrace the financial inclusion programme to foster economic development in the country.Financial inclusion is meant to emp...Published: 26 Mar 2018 at 06:49hrs | | by Staff reporter
RBZ channels $350m to entrepreneurs
THE Reserve Bank of Zimbabwe (RBZ) has availed more than $350 million in loans towards capacitation of entrepreneurs across the country.This comes as the apex bank and the new Government move ...Published: 20 Mar 2018 at 06:14hrs | | by Staff reporter
Harare-Beitbridge Highway dualisation to start this month
The much-awaited dualisation of Beitbridge-Harare Highway that is expected to cost close to a $1 billion is set to start before the end of this month, with the contractor expected to set up three camp...Published: 09 Mar 2018 at 06:02hrs | | by Staff reporter
RBZ officials call for new economic order
Zimbabwe should consider changing its model of running the economy to ensure higher growth outcomes, senior central bank officials have said. Jesimen Chipika Chipika, deputy governor of the Re...Published: 02 Nov 2017 at 05:51hrs | | by Staff reporter
Zimbabwe stuck with 1980 economic model
Zimbabwe's economy is still using the same model that was there at independence characterised by low participation from the informal sector, central bank deputy governor Jesimen Chipika has said....Published: 01 Nov 2017 at 05:09hrs | | by Staff reporter
67% of Zimbabweans shun banks
AN estimated 67 percent of Zimbabweans remain financially excluded as confidence in the financial services sector remains low.In previous years, several people lost their life savings followin...Published: 22 Oct 2017 at 13:46hrs | | by Staff reporter
RBZ ready to bail out companies
The Reserve Bank of Zimbabwe (RBZ) says there is cheaper funding for smaller and medium sized companies under the financial inclusion strategy aimed at creating a broad-based economy.Speaking ...Published: 05 Oct 2017 at 07:11hrs | | by Staff reporter
Zhuwao mocks his deputy Tongofa
Youth and Indigenisation minister Patrick Zhuwao yesterday mocked his deputy Mathias Tongofa, saying he had just started campaigning in his constituency because elections are around the corner....Published: 04 Oct 2017 at 06:51hrs | | by Staff reporter
'Murdered white Zimbabwean farmers not worth as much publicity'
The Deputy Reserve Bank of Zimbabwe Governor, Jesimen Chipika, has said white commercial farmers killed at the height of farm invasions in 2000 were too few to warrant the wide media coverage they got...Published: 05 Sep 2017 at 09:13hrs | | by Staff reporter
Mugabe appoints new RBZ governor
President Mugabe has appointed respected economist and Deposit Protection Corporation chairperson Dr Jesimen Tarisai Chipika as Deputy Governor of the Reserve Bank of Zimbabwe.The appointm...Published: 09 Apr 2017 at 08:15hrs | 1 | by Staff reporter
Zanu-PF youth allegedly assault teachers in Nyanga
Rogue Zanu-PF youth reportedly ran amok in Nyanga North ward 8 where they reportedly assaulted some teachers at a secondary school.Heal Zimbabwe Trust reported that Brian Nyagura a Zanu-PF...Published: 23 Sep 2016 at 07:56hrs | | by Staff reporter
Govt drafts poverty reduction strategy
Finance and Economic Development Minister Patrick Chinamasa said yesterday the Government is developing a two-year poverty reduction strategy whose focus has been limited to a few sectors due to lack ...Published: 23 Jun 2016 at 08:39hrs | | by Staff reporter
Zimbabwe intensifies commitment to reengage international financial institutions
Zimbabwe has intensified its commitment to reengage with the international financial institutions namely, the IMF, World Bank and ADB among others.In a statement the National Association of No...Published: 15 Jun 2016 at 07:10hrs | | by Stephen Jakes
Mwenezi is Masvingo’s poorest district – Perm Sec
Mwenezi is the poorest district in Masvingo, according to statistics released by the permanent secretary in the Ministry of Finance and Economic Development Willard Manungo.Masvingo Mirr...Published: 20 May 2016 at 15:16hrs | | by Staff Reporter
Zim dollar fears allayed
THE Ministry of Finance and Economic Development has reassured the nation that the government is not re-introducing the Zimbabwean dollar through the bond notes.The Governor of the Reserve Ban...Published: 10 May 2016 at 07:17hrs | | by Lovemore Zigara
Red Cross officially hands over Chivi Water and Sanitation project
The Red Cross Society of Zimbabwe and its partners have officially handed over the Chivi Water and Sanitation project to the community.It was joy for the villagers who are pleased their qualit...Published: 20 Sep 2015 at 16:43hrs | | by Staff Reporter
Woman caught red handed
A MARRIED man has said he found his wife undressed with another man in their matrimonial bed before she and her lover fought him.Lenon Chipika told the court that when he entered the room,...Published: 04 Feb 2015 at 08:48hrs | | by Blessing Masakadza
Zanu-PF minister, council clash over grain
Masvingo Provincial Affairs Minister Kudakwashe Bhasikiti has taken a swipe at Chivi Rural District Council for allegedly making false claims that they had mobilised nearly 100 tonnes of grain to help...Published: 17 Sep 2014 at 10:32hrs | | by George Maponga
Tokwe-Mukosi dam to be drained
Tokwe-Mukosi Dam, Zimbabwe's largest inland lake will be drained to enable the construction of a new wall after the original structure burst to spark a disaster.The construction, which is sche...Published: 27 May 2014 at 11:59hrs | | by Staff reporter
Zanu-PF primaries candidates list (2013)
ZANU PF LIST OF RECOMMENDED CANDIDATES FOR THE 2013 HARMONISED ELECTIONSMASVINGO...Published: 21 Jun 2013 at 13:41hrs | 88 | by Staff Reporter
Fierce wrangles erupts over the administration of empowerment trusts funds
Fierce wrangles have erupted over the administration and disbursement of the funds allocated to community share ownership trusts launched by President Mugabe last year. The tiffs pit the minis...Published: 05 Oct 2012 at 05:27hrs | 5 | by Staff reporter
Zimbabweans should unite and work hard for a strong economy - Kasukuwere
Youth Development, Indigenisation and Empowerment Minister, Saviour Kasukuwere says Zimbabweans should unite and work hard for a strong economy that will see the development of the country.Kas...Published: 12 Sep 2012 at 14:22hrs | | by Staff reporter
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