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EcoCash Holdings posts strong profit growth in half-year results
EcoCash Holdings Zimbabwe Limited has posted impressive results for the half-year ending August 31, 2024, highlighting the resilience of its business model and the effectiveness of its strategic initi...Published: 7 hrs ago | 16 | by Staff reporter
Plundering of Zimbabwe's minerals stalling a just energy transition in fighting climate change
In his address at a High-Level Meeting on Resourcing the Energy Transition with Justice and Equity, held on the sidelines of COP29 in Baku, Azerbaijan, Zimbabwe's President Emmerson Mnangagwa delivere...Published: 14 Nov 2024 at 12:37hrs | 157 | by Tendai Ruben Mbofana
Top Bank executive slams RBZ tight policy measures
A prominent banking executive has criticized the Reserve Bank of Zimbabwe (RBZ) for focusing too heavily on exchange rate stability at the cost of economic growth, warning that the central bank's rece...Published: 10 Nov 2024 at 11:05hrs | 1826 | by Staff reporter
Zimbabwe foreign currency reserves rise to US$500m
Zimbabwe's foreign currency reserves backing its local currency, the Zimbabwe Gold (ZiG), have surged past US$500 million, tripling the total amount of ZiG in circulation. This development is expected...Published: 10 Nov 2024 at 10:41hrs | 169 | by Staff reporter
Lawsuit against Mnangagwa dismissed
A HIGH Court bid to force President Emmerson Mnangagwa to sign into law a charter outlawing the abduction and torture of government critics and activists has been dismissed, with the court saying it c...Published: 07 Nov 2024 at 07:16hrs | 916 | by Rigid Kondongwe
Zimbabwe's ZimSat-2 satellite launches
HARARE - Zimbabwe's agricultural landscape, mineral exploration capabilities, and urban planning efforts received a transformative boost yesterday as the country's second earth observation satellite, ...Published: 06 Nov 2024 at 06:48hrs | 129 | by Staff reporter
Armed robbers pounce on Bulawayo school
In a brazen incident of armed robbery, a gang of four assailants ambushed two security guards at Greengables High School on Thursday, October 31, 2024, stealing over $2,000 in cash and various electro...Published: 03 Nov 2024 at 10:15hrs | 772 | by Staff reporter
UK-based miner identifies potential gold in Matebeleland North
United Kingdom-based miner Ariana Resources Plc has announced promising developments at its Dokwe Gold project located in the Tsholotsho District, approximately 110 kilometers west of Bulawayo, Zimbab...Published: 28 Oct 2024 at 07:03hrs | 556 | by Staff reporter
Cheap mobile and fintech innovator a solution for the Zimbabwe market
Greydot Telecommunications Zimbabwe, a subsidiary of Greydot Telecommunications Africa, is making significant strides in the telecommunications and fintech landscape across Southern Africa. Establishe...Published: 27 Oct 2024 at 14:32hrs | 809 | by Staff reporter
Innovate Change: Best Online Casinos in New Zealand | Where to Play and Win Real Money
Multiple online casinos offer players the chance to win big while enjoying their favorite games from the comfort of home. However, not all online casinos are created equal. To help Kiwi players fin...Published: 24 Oct 2024 at 14:59hrs | 184 | by Staff Reporter
Call for reparations: A mere excuse by failed African leaders!
As the Commonwealth Heads of Government meeting (CHOGM) kicked off this week in Samoa, the topic of reparations for slavery and colonialism has once again been thrust into the spotlight. Sever...Published: 23 Oct 2024 at 20:31hrs | 270 | by Tendai Ruben Mbofana
Bulawayo hotels, lodges fully booked, ZITF gym closed for regulars
Major hotels and lodges in Bulawayo are fully booked this week as over 4,000 delegates arrive for the Zanu-PF Annual National People's Conference, which starts today. While the official opening sessio...Published: 22 Oct 2024 at 07:59hrs | 401 | by Staff reporter
Why Download the Paripesa App: Unique Features and Functions
Today, many punters need a convenient and fast way to bet anywhere. The Paripesa apk mobile app is becoming one of the leading betting and online casi...Published: 18 Oct 2024 at 20:57hrs | 127 | by Staff Reporter
Zimbabwe is undermining the ZiG by overspending
Zimbabwe's new gold-backed currency is likely being undermined by the state tapping the central bank for funding and selling Treasury bills to pay for its overspending, Imara Asset Management said....Published: 18 Oct 2024 at 08:54hrs | 1264 | by Staff reporter
Mthuli Ncube assures Zimbabweans amid ZiG volatility concerns
Finance Minister Mthuli Ncube has reassured Zimbabweans that there is no cause for alarm regarding potential volatility of the Zimbabwe Gold (ZWG) currency, citing the country's balanced local currenc...Published: 12 Oct 2024 at 11:22hrs | 376 | by Staff reporter
Gold reserves backing ZiG rise
The Reserve Bank of Zimbabwe (RBZ) has reassured the public of continued exchange rate stability, with gold reserves backing the Zimbabwe Gold (ZiG) currency now valued at over US$450 million, up from...Published: 10 Oct 2024 at 18:50hrs | 6231 | by Staff reporter
BAZ, central bank meet over policy interventions
The Bankers Association of Zimbabwe (BAZ) held a crucial meeting with the Reserve Bank of Zimbabwe (RBZ) governor, Dr. John Mushayavanhu, on Monday to address key policy changes from the Monetary Poli...Published: 03 Oct 2024 at 08:44hrs | 54 | by Staff reporter
Zimbabwe's currency conundrum: Meagre gold reserves can't sustain the ZiG
Today, during his State of the Nation Address (SONA), President Emmerson Dambudzo Mnangagwa announced that the government would set aside 50% mineral royalties to shore up the local currency. ...Published: 02 Oct 2024 at 20:53hrs | 2931 | by Tendai Ruben Mbofana
Anti-Chinese investors Maguwu releases a damning report
The relationship between Chinese-owned extractive companies and local communities in Zimbabwe has deteriorated, marked by growing mistrust, suspicion, and a series of reported abuses. A recent report ...Published: 30 Sep 2024 at 07:55hrs | 911 | by Staff reporter
RBZ raises bank policy rate to 35%
The Reserve Bank of Zimbabwe (RBZ) has announced significant measures to tackle resurgent exchange rate volatility and mitigate inflationary pressures. Effective immediately, the bank policy rate has ...Published: 27 Sep 2024 at 15:29hrs | 1310 | by Staff reporter
Zimbabwe police detective accused of terrorizing miners
The Kadoma business community has lodged an urgent complaint against Detective Sergeant Hardline Maisiri, accusing him of extortion and corruption. Business owners, particularly in the mining sector, ...Published: 15 Sep 2024 at 16:19hrs | 789 | by Staff reporter
A city at risk of collapsing: The cost of the search for gold in Zimbabwe
DOROTHY Moyo says a prayer every time she walks, runs, or drives around her neighbourhood in central Zimbabwe - afraid that the earth will give away from beneath her feet, dragging her underground....Published: 07 Sep 2024 at 10:21hrs | 1882 | by Staff reporter
Zimbabwe banks reduce lending as crisis persists
Zimbabwe's banking sector is facing significant challenges that have limited its ability to lend, according to the Bankers Association of Zimbabwe (BAZ). Key issues include the absence of a le...Published: 06 Sep 2024 at 14:41hrs | 201 | by Staff reporter
Zimbabwe opens rail network to private companies
The National Railways of Zimbabwe has opened its network up to private players, including a unit of South Africa's Grindrod, as it seeks to boost freight volumes that had collapsed after decades of un...Published: 06 Sep 2024 at 13:07hrs | 620 | by Staff reporter
Invictus Energy reclassified its Zimbabwe operation
Australian energy firm Invictus Energy Limited has reclassified itself from an explorer to a developer as it moves towards becoming a producer. This shift follows significant gas and oil discoveries a...Published: 28 Aug 2024 at 13:25hrs | 2011 | by Staff reporter
US$1m stolen from Namibian bank was paid to Mugabe's pilot
A total of N$18,8 million (US$1m) stolen from SME Bank was transferred to and laundered by former Zimbabwean president Robert Mugabe's pilot and confidant Robert Mhlanga.This is according to c...Published: 20 Aug 2024 at 16:18hrs | 8414 | by Staff reporter
SADC countries reducing themselves to world-famous beggars
Southern African member states have been criticized for acting like "world-famous beggars" when engaging with potential investors, despite having abundant natural resources that could significantly im...Published: 17 Aug 2024 at 21:21hrs | 1259 | by Staff reportetr
Why NetEnt stands out as a top-tier game developer
When asked about the best game developers, which software provider would everyone think of? We bet that many will recall NetEnt with its highest-quality slot machines and exceptional features. The com...Published: 13 Aug 2024 at 21:45hrs | 113 | by Jacob Kudzayi Mutisi
ZiG acceptance grows across Zimbabwe economy
The Reserve Bank of Zimbabwe (RBZ) has observed a growing acceptance of the local currency, ZiG, by both businesses and individuals, which aligns with the central bank's efforts to stabilize the econo...Published: 24 Jul 2024 at 08:54hrs | 2080 | by Staff reporter
NetOne's going concern status at risk
NetOne Private Limited, a telecommunications company in Zimbabwe, has been identified as technically insolvent and at risk of being unable to sustain its operations, according to a recent report. Rele...Published: 17 Jul 2024 at 06:51hrs | 626 | by Staff reporter
Zimra's unaccounted deposits cause tax woes
The Zimbabwe Revenue Authority (Zimra) received $101.54 billion in unaccounted deposits from clients in 2023, creating an administrative challenge that led to unnecessary penalties and interest on tax...Published: 15 Jul 2024 at 16:42hrs | 4166 | by Staff reporter
VBS looter released on parole
Former VBS Mutual Bank's chief financial officer Phillip Truter was released on parole after he was sentenced to 10 years in jail in 2020. Speaking to broadcaster Newzroom Afrika on Monday, De...Published: 15 Jul 2024 at 11:57hrs | 459 | by Staff reporter
Econet extends smartphone credit scheme to civil servants
Econet Wireless Zimbabwe has expanded its 'Kancane Kancane' smartphone credit scheme to include civil servants, enabling them to acquire new smartphones without upfront deposits. Kezito Makuni...Published: 04 Jul 2024 at 10:27hrs | 20 | by Staff reporter
EcoCash to invest in banking technologies
EcoCash Holdings Zimbabwe Limited (EcoCash) plans to invest in technologies to expand its banking unit, Steward Bank, after transferring its fintech firms to Econet Wireless Zimbabwe. This move was ap...Published: 02 Jul 2024 at 11:16hrs | 7 | by Staff reporter
IMF says Zimbabwe's economy continues to show resilience
In light of new policy developments, an International Monetary Fund (IMF) staff team led by Mr. Wojciech Maliszewski conducted a second mission to Harare during June 18-27, 2024, to conclude the 2024 ...Published: 28 Jun 2024 at 13:01hrs | 4 | by Staff reporter
Tackling Zimbabwe's property price surge
The Zimbabwean property market is facing significant challenges, marked by skyrocketing property prices that seem incongruous when compared to those in neighbouring South Africa.These challeng...Published: 24 Jun 2024 at 10:13hrs | 80 | by Dr Bekithemba Mpofu
Zimbabwe Railways can't access its mining claims in SA
Zimbabwe and South Africa are facing potential diplomatic tension over mining claims jointly owned by the National Railways of Zimbabwe (NRZ) and sister companies in South Africa and Zambia. These cla...Published: 12 Jun 2024 at 06:46hrs | 12 | by Staff reporter
Zimbabwe is hardly undiscovered ground for the world's miners
Zimbabwe has huge amounts of unexplored and underexploited mineral resource potential and the world's resource companies could be lining up to rebuild Zimbabwe's once-mighty gold mines and metal refin...Published: 11 Jun 2024 at 09:59hrs | 15 | by Staff reporter
UK exploration company to acquire mine in Zimbabwe
Ariana Resources Plc, a UK-based precious metals exploration company, has agreed to acquire a 100% stake in Zimbabwe's Dokwe Mine. This acquisition complements Ariana's primary operations in T...Published: 08 Jun 2024 at 20:48hrs | 8 | by Staff reporter
Sangoma in soup over fake money in Zimbabwe
Misheck Ncube, a Bulawayo traditional healer, faced court charges for possessing counterfeit USD and South African Rand notes at his Cowdray Park residence. Allegedly, Ncube deceived clients d...Published: 06 Jun 2024 at 08:03hrs | 6 | by Staff reporter
Mohadi 'summons' Kazembe
The ongoing mine dispute involving Kazembe Kazembe, the Minister of Home Affairs and Cultural Heritage and Zanu-PF Mashonaland Central provincial chairperson, has entered a new phase. Former employees...Published: 24 May 2024 at 08:54hrs | 10 | by Staff reporter
Africa must move with time
As we commemorate Africa Day, we need to reflect on the potential the continent has and devise ways to improve on our weaknesses and make the continent great.Africa is often referred to as a "...Published: 23 May 2024 at 19:18hrs | 13 | by Leonard Koni
Zimra faces parly probe
ZIMBABWE may have lost potential revenues running into millions of United States dollars due to lax systems at the Zimbabwe Revenue Authority (Zimra), which is now facing parliamentary probe.T...Published: 19 May 2024 at 12:21hrs | 3 | by Staff reporter
Zimbabwe govt must support ZiG currency through raft of solid measures
THE Reserve Bank of Zimbabwe (RBZ) has been urged to implement a raft of measures, including fiscal discipline, public consultation and policy consistency, if the newly introduced Zimbabwe Gold (ZiG) ...Published: 19 May 2024 at 11:55hrs | 4 | by Staff reporter
Zanu PF official arrested for forgery and fraud
A former Zanu PF councillor and unsuccessful parliamentary candidate has been apprehended for fraud, accused of forging land ownership documents in an attempt to claim mining rights at a farm near Gwe...Published: 18 May 2024 at 13:04hrs | 15 | by Staff reporter
London firm targets bulk-mining in Zimbabwe
Kavango Resources, a metal exploration company listed on the London Stock Exchange, is focusing on consolidating bulk-mining efforts to boost gold production in Zimbabwe, according to a report by News...Published: 18 May 2024 at 11:06hrs | 1 | by Staff reporter
Zimbabweans told to approach banks for ZiG, USD
The Reserve Bank of Zimbabwe has enough reserves to satisfy the foreign currency requirements of all legitimate businesses and no company needs to go to the black market to pay for imports, RBZ Govern...Published: 12 Apr 2024 at 09:47hrs | | by Staff reporter
Annual independent external audit for RBZ reserves
Independent external auditors shall audit Reserve Bank of Zimbabwe (RBZ) precious minerals and foreign currency reserves backing the country's new currency, Zimbabwe Gold (ZiG), once a year as part of...Published: 11 Apr 2024 at 08:32hrs | 14 | by Staff reporter
Zimbabwe to maximise on oil discovery
Zimbabweans will be the primary beneficiaries of the recent oil and gas discoveries in Muzarabani and to this end, the Second Republic is in the process of establishing mechanisms to ensure the countr...Published: 10 Apr 2024 at 06:00hrs | | by Staff reporter
Mnangagwa to commission two small mines
PRESIDENT Mnangagwa will commission two new mines this week - Pickstone Peerless' underground gold mine project in Chegutu today, and Kamativi Lithium Mine near Hwange in Matabeleland North on Friday....Published: 10 Apr 2024 at 05:59hrs | | by Staff reporter
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