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Harare man in trouble over US$11,000 visa scam
A 36-year-old Harare man, Crispen Zhou, appeared in court this week facing two counts of fraud and charges related to the Money Laundering and Proceeds of Crime Act after allegedly duping two victims ...Published: 28 Jun 2025 at 14:49hrs | 139 | by Staff reporter
FBC blames tight policy for choking transaction volumes
Financial services giant FBC Bank has attributed a sharp decline in transaction volumes to the Reserve Bank of Zimbabwe's (RBZ) continued tight monetary policy, which it says has squeezed liquidity an...Published: 16 May 2025 at 09:50hrs | 72 | by Staff reporter
Fresh capital discussions delay Beta Bricks restart
The long-awaited reopening of BETA Bricks has been delayed due to unresolved negotiations with three potential investors who were expected to inject capital into the company. Initially scheduled for t...Published: 13 May 2025 at 10:07hrs | 168 | by Staff reporter
Zimbabweans rush into property
Zimbabweans are snapping up properties as a safe-haven against currency uncertainty and the frequent economic policy U-turns that have scared off investors, at a time when a popular hedge - the countr...Published: 11 May 2025 at 16:38hrs | 1690 | by Staff reporter
Mutumwa Mawere's health in a dire state
ONE would assume that blood is thicker than water in the labyrinth of familial ties. But for Mutumwa Mawere, this age-old adage has become a cruel mirage, overshadowed by the relentless greed and betr...Published: 12 Jan 2025 at 12:38hrs | 19255 | by Staff reporter
FBC Bank introduces 24/7 deposit-taking ATMs in Zimbabwe
FBC Bank has unveiled a 'groundbreaking' service in Zimbabwe with the launch of Deposit-Taking ATMs, enabling customers to deposit cash into their individual accounts or FBC Mastercard Prepaid cards a...Published: 17 Dec 2024 at 15:23hrs | 1030 | by Staff reporter
Harare man attempts to defraud ZRP of US$1,6m
A Harare businessman, Langton Madara, has been convicted for attempting to defraud the Zimbabwe Republic Police (ZRP) of over US$1.6 million in a fraudulent scheme involving the supply of printing mat...Published: 06 Nov 2024 at 06:59hrs | 517 | by Staff reporter
NetOne loses ZiG285 000 to hacker
NetOne Cellular allegedly lost ZiG285,817 to a suspected hacker who exploited the RTGS to ZiG currency conversion from April this year. Takunda Gwaranda (21) appeared before Harare magistrate Mr. Denn...Published: 28 Jun 2024 at 07:39hrs | 46 | by Staff reporter
Foreign currency dealers ditch trading spots
MOST illegal money changers popularly known as "Osiphatheleni" have abandoned their traditional trading spots in Bulawayo following the launch by the Government of the new gold-backed currency, the Zi...Published: 09 Apr 2024 at 06:20hrs | 4 | by Staff reporter
Mnangagwa given five days to reverse decision
Zimbabwe National Students Union (Zinasu) co-leaders Nesbert Munyuki and Valentine Ziko have written to President Emmerson Mnangagwa challenging his appointment of top banker John Mushayavanhu as new ...Published: 07 Apr 2024 at 11:27hrs | 20 | by Staff reporter
RBZ boss appointment challenged in court
PRESIDENT Emmerson Mnangagwa's appointment of veteran bank John Mushayavanhu as the new Reserve Bank of Zimbabwe (RBZ) governor has been challenged by two university students, who allege that it contr...Published: 07 Apr 2024 at 10:33hrs | 3 | by Staff reporter
Mnangagwa cuts short Mangudya's term at RBZ
President Emmerson Mnangagwa on Thursday brought forward by a month the appointment of John Mushayavanhu as the new Reserve Bank of Zimbabwe governor, hoping to stem the collapse of the local currency...Published: 28 Mar 2024 at 16:10hrs | 12 | by Staff reporter
Man almost defrauds ZRP of US$2 million
THE Zimbabwe Republic Police (ZRP) nearly lost US$2 million to a 35-year-old Harare man in a deal to supply printing materials to the law enforcers.This emerged at the Harare Magistrates Court...Published: 06 Mar 2024 at 20:54hrs | 7 | by Staff reporter
Mnangagwa tightens his grip on levers of Zimbabwe's Treasury
WITH his close business ally John Muyashavanhu now confirmed as the incoming Reserve Bank of Zimbabwe (RBZ) governor, George Guvamatanga as Finance permanent secretary — chief accounting officer of ...Published: 12 Dec 2023 at 17:58hrs | 4 | by Staff reporter
John Mushayavanhu: A strong candiate to lead the Reserve Bank of Zimbabwe
As Zimbabwe looks to appoint a new Governor for the Reserve Bank, the candidacy of John Mushayavanhu has gained significant attention and support from various quarters. With an impressive track record...Published: 10 Dec 2023 at 10:56hrs | 16 | by Nkululeko Nkomo
Journalist appeals for US$15,000 for child's heart operation
A CHRONICLE staffer, Mashudu Netsianda is appealing for funds to enable his three-month-old baby to undergo open heart surgery in India.The baby was born with a congenital heart defect called ...Published: 16 Jul 2023 at 09:14hrs | 15 | by Staff reporter
RBZ in bid to calm run on banks over currency fears
The Reserve Bank of Zimbabwe on Friday sought to calm a run on banks, insisting that depositors' funds were safe.Thousands of panicky Zimbabweans lined up in bank queues to withdraw their Unit...Published: 10 Jun 2023 at 17:53hrs | 2 | by Staff reporter
Man in court for defrauding civil servants
A KUWADZANA man is in court facing charges of defrauding a civil servant after claiming that he had a company that could issue them with loans.The accused, Wylie Ligomeka (41) was today remand...Published: 28 Feb 2023 at 07:38hrs | 1 | by Staff reporter
Smallholder farmers to benefit from US$15 million loan
SMALLHOLDER farmers will soon benefit from a US$15 million loan obtained by the Government from the OPEC Fund for International Development.Finance and Economic Development Minister Professor ...Published: 12 Dec 2022 at 01:02hrs | 31 | by Staff Reporter
'Family members rejoiced when Tuku, Sam died'
DAISY Mtukudzi, the widow to the late music superstar Oliver Mtukudzi has claimed that some family members were happy about the deaths of Tuku and his son Sam. Tuku died of heart failure relat...Published: 12 Jun 2022 at 09:20hrs | 58 | by Staff reporter
Cross Border Traders approach more banks for Master Cards
THE Cross Borders Association (Cba) yesterday said it had approached more banks to secure master cards and visa cards for cross borders traders.This comes after the CBA recently struck a deal ...Published: 09 Apr 2022 at 08:23hrs | 2 | by Staff reporter
Cross-border traders and FBC Bank enter into partnership
THE Cross-Border Traders Association (CBTA) and the FBC Bank have entered into a deal that will see the financial institution issuing MasterCards to infor...Published: 08 Apr 2022 at 00:30hrs | 12 | by Staff Reporter
Government to build flats in Cowdray Park
BARELY a month after availing land for over 500 stands, the Bulawayo City Council (BCC) has already identified more land that will see the development of flats in Cowdray Park and more residential sta...Published: 06 Feb 2022 at 06:54hrs | 5 | by Staff reporter
Hwange Units 7 and 8 to displace 636 families
THE Zimbabwe Power Company Hwange 7 and 8 electricity expansion project will affect 636 families in Ingangula township in Hwange, instead of the 90 stated earlier.Project manager Forbes Chanak...Published: 03 Feb 2022 at 05:40hrs | 2 | by Staff reporter
Warriors make rich pickings, US$20,000 each
The Warriors started trooping back into the country yesterday from their Africa Cup of Nations (Afcon) expedition with each of them getting about US$20 000 richer and expecting more despite public ang...Published: 21 Jan 2022 at 05:38hrs | 11 | by Staff reporter
Mapeza played 7, won 0, drew 2, lost 5
NORMAN Mapeza's latest tenure as Zimbabwe's national football team coach is turning out to be a nightmare for the 49-year-old ex-Zimbabwe international.The former defender is experiencing a di...Published: 17 Jan 2022 at 06:29hrs | 1 | by Staff reporter
BCC reverses CBZ, FBC housing stands deal
THE Bulawayo City Council (BCC) has reversed its decision to sell some residential stands to two financial institutions after the parties failed to agree on the purchase price.According to lat...Published: 07 Jan 2022 at 05:56hrs | 7 | by Staff reporter
NetOne intensifies electronic airtime recharge
THE mobile markets in Africa are for the most part prepaid, with the traditional means of distribution being the sale of scratch cards.It is no secret that this distribution channel has brough...Published: 07 Nov 2021 at 07:07hrs | 12 | by Staff reporter
Company loses ZW$2 million goods to fraudster
A local retail outlet, Brand Port Private Limited, is counting losses after it gave away goods worth $1 777 814 to a suspected fraudster after being shown a fake bank transfer.This followed a ...Published: 22 Aug 2021 at 10:56hrs | 3 | by Staff reporter
National hero's widow arrested for school fees fraud
THE wife of the late national hero, Jacob Mapepete, was arrested by the Zimbabwe Anti-Corruption Commission after she collected school fees from Zimbabwe National Liberation War Veterans Association (...Published: 24 Jul 2021 at 07:22hrs | 1 | by Staff reporter
Mutsvangwa's son loses $617,000, suspect flees
A SUSPECTED bank card cloner, who allegedly stole $617 750 from the bank account of Information minister Monica Mutsvangwa's son, Neville, had a warrant of arrest issued against him after he failed to...Published: 14 Jul 2021 at 09:39hrs | 1 | by Staff reporter
Chinese firm to fix Zimbabwe’s troubled aviation system
A Chinese multi-national, China Harbour Engineering Company (CHEC), has just signed a contract worth close to US$5 million to fix Zimbabwe's troubled aviation air communication systems despite a flawe...Published: 30 Jun 2021 at 17:09hrs | 2 | by Staff reporter
ZACC detective in trouble over top prosecutor's case
A ZIMBABWE Anti-Corruption Commission (Zacc) detective recently touched a raw nerve which led to his transfer after he recommended the trial of principal prosecutor, Chris Mutangadura, on criminal abu...Published: 23 Jun 2021 at 07:36hrs | 2 | by Staff Reporter
Prosecutor quits as Zacc probe starts
BULAWAYO prosecutor Thobekani Nyathi, who was implicated in an alleged corrupt activity involving principal public prosecutor Chris Mutangadura, reportedly resigned after the Zimbabwe Anti-Corruption ...Published: 02 Jun 2021 at 07:23hrs | 4 | by Staff report
Zacc boss in graft storm
THE Zimbabwe Anti Commission (Zacc) chairperson Justice Loice MatandaMoyo has been caught in the eye of a storm after she allegedly ordered the release of top National Prosecuting Agency (NPA) officia...Published: 24 May 2021 at 06:53hrs | 6 | by Staff reporter
Chiwenga, Mubaiwa divorce hearing deferred to July
The hearing into the matter in which Vice President Constantino Chiwenga is seeking to divorce his estranged wife Marry Mubaiwa has been postponed to July 5.Justice Esther Muremba said the cou...Published: 11 May 2021 at 16:42hrs | | by Staff reporter
ZPC set to construct 600 houses in Hwange
THE Zimbabwe Power Company (ZPC) and Hwange Electricity Supply Company (Hesco) have stepped up efforts to construct over 600 houses in Mpumalanga Phase 7, an area allocated to them by Hwange Local Boa...Published: 26 Apr 2021 at 06:34hrs | | by Staff reporter
Lawyer's bid to close down digital banking platforms flops
A HARARE lawyer's attempt to have all mobile-based digital banking platforms of FBC Bank closed after an imposter used his name to fraudulently open an account with the bank for criminal activities, f...Published: 14 Apr 2021 at 06:22hrs | 1 | by Staff reporter
Mnangagwa's govt issues ZW$750m fresh guarantees
GOVERNMENT has undertaken to guarantee public and private financial institutions including the Infrastructural Development Bank of Zimbabwe (IDBZ) for debts accrued through the floatation of a series ...Published: 05 Mar 2021 at 06:55hrs | 5 | by Staff reporter
60% of Bulawayo companies close shop
THE labour movement, consumer rights groups, small enterprises and informal traders have lamented the continuous collapse of Bulawayo industries amid revelations that up to 60% of companies have close...Published: 19 Feb 2021 at 07:04hrs | 146 | by Staff reporter
Big brands troop into Victoria Falls facility
A STRING of the country's big brands, including fast food outlets, has stampeded into Zimre Property Investments' Sawanga Mall in Victoria Falls, helping the top end real estate gem notch 95% occupanc...Published: 28 Dec 2020 at 07:32hrs | 2 | by Staff reporter
Registar general's trial continues
The trial of suspended Registrar General Clemence Masango, who is facing criminal abuse of office charges over vehicle purchases, continued yesterday with the State calling the former chief accountant...Published: 16 Dec 2020 at 17:39hrs | 12 | by Staff reporter
Developer swindles govt of over $2,5m
FOUR company officials from Savanna Land Developers appeared at the Harare Magistrates Court at the weekend on charges of swindling government of over $2,5 million.The quartet, who comprised G...Published: 23 Nov 2020 at 05:10hrs | 21 | by Staff reporter
Zimbabwe army loses $2,7m in botched travel service deal
A 30-YEAR-OLD Harare woman appeared in court yesterday charged with swindling the Defence ministry out of $2 700 546 after she allegedly misrepresented that she bought 79 air tickets for members of th...Published: 09 Sep 2020 at 08:27hrs | 4 | by Staff reporter
Architects probe US$20m Econet contract
The association of architects in Zimbabwe is embroiled in a favouritism storm over an opaque competition for the design of the new headquarters of Cassava Smartech, a subsidiary of the conglomerate, E...Published: 11 Aug 2019 at 11:28hrs | 1 | by Staff reporter
Is there any need for Zimbabwean banks to be technologically updated?
If a bank is stuck in last century thinking with last century leadership such cultural strategy will lead to eventual failure.I was in a hotel for lunch with a friend, when he asked me: "What ...Published: 03 Jul 2019 at 10:24hrs | | by Elvis Dvene
Is there any need for Zimbabwean banks to be technologically updated?
If a bank is stuck in last century thinking with last century leadership such cultural strategy will lead to eventual failure.I was in a hotel for lunch with a friend, when he asked me: "What ...Published: 03 Jul 2019 at 07:51hrs | | by Elvis Dvene
Chiwenga breaks pre-coup promise
A promise made to the Gezani community in Chiredzi South by then Zimbabwe Defence Forces (ZDF) commander and now Vice president Constantino Chiwenga some weeks before he launched a coup that toppled R...Published: 30 Jun 2019 at 19:07hrs | 6 | by Staff reporter
Joint executorship for Mtukudzi's estate
THE Master of High Court has jointly appointed Daisy Mtukudzi and another family member - Vennah Muchakagara - as executors to the estate of the late music icon Dr Oliver Mtukudzi.Daisy and Mu...Published: 21 May 2019 at 23:22hrs | 9 | by Staff reporter
Mtukudzi's last will raises eyebrows
NEARLY four months after the death of music legend Dr Oliver Mtukudzi, a Harare law firm has filed with the Master of High Court, a one-page Will and Testament bequeathing all movable and immovable pr...Published: 30 Apr 2019 at 06:30hrs | | by Staff reporter
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