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Crackdown on businesses rejecting ZiG to intensify
The Zimbabwean government has vowed to intensify its crackdown on suppliers and manufacturers who refuse to transact in Zimbabwe Gold (ZiG) currency or use parallel market exchange rates. The move was...Published: 06 Dec 2024 at 16:34hrs | 1271 | by Staff reporter
Zimbabwe shops impose limits amid panic-buying?
Some shops across Zimbabwe have imposed "one item per person" rules for products such as milk to fend off panic-buying triggered by a new loss of faith in the country's latest currency.Last we...Published: 02 Oct 2024 at 07:57hrs | 1181 | by Staff reporter
Zimbabwe central bank bites back
This year, authorities in Zimbabwe have recorded over 1,100 cases of debit card abuse linked to backstage black market dealers, highlighting the ongoing challenges of a protracted currency crisis. The...Published: 20 Sep 2024 at 09:35hrs | 6194 | by Staff reporter
ZiG sabotage
The introduction of the Zimbabwe Gold currency (ZiG) nearly five months ago has contributed to noticeable stability and low inflation, largely due to the Reserve Bank of Zimbabwe's (RBZ) rigorous meas...Published: 10 Sep 2024 at 08:49hrs | 6500 | by Staff reporter
Zimbabwe shops continue to reject ZiG
The surge in black-market exchange rates, which peaked at US$1:25 ZiG, has led some businesses in Bulawayo to reject transactions in Zimbabwe Gold (ZiG), defying government directives. This defiance u...Published: 30 Jul 2024 at 07:39hrs | 1847 | by Staff reporter
Fresh blitz against illegal forex dealers in Zimbabwe
The police and the Reserve Bank of Zimbabwe's Financial Intelligence Unit (FIU) have initiated a crackdown on illegal currency traders. This week, numerous money changers were arrested, with many stil...Published: 26 Jul 2024 at 06:33hrs | 491 | by Staff reporter
Flimsy tactics to resist use of ZiG exposed
Some shops in Bulawayo are defying government regulations by exclusively trading in US dollars and South African rand, ignoring the Zimbabwe Gold (ZiG) currency, despite legal obligations under Statut...Published: 02 Jul 2024 at 06:29hrs | 1 | by Staff reporter
FIU targets informal sector ZiG manipulators
The Financial Intelligence Unit (FIU), part of the Reserve Bank of Zimbabwe (RBZ), is intensifying efforts against the informal sector to combat currency manipulation aimed at undermining the Zimbabwe...Published: 26 Jun 2024 at 07:14hrs | | by Staff reporter
Money changers get bail after 2 months
Two suspected illegal money changers, Abraham Mafukidze (24) and Julius Nyamapfeni, who spent two months in remand prison, have been granted US$50 bail by Masvingo High Court judge Justice Garainesu M...Published: 26 Jun 2024 at 07:12hrs | 6 | by Staff reporter
Zimbabwe goes after social media foreign currency dealers
The Financial Intelligence Unit (FIU) says it has been monitoring social media platforms where foreign currency dealers have been advertising and promoting their illegal trade.The FIU claims t...Published: 20 Jun 2024 at 14:34hrs | 8 | by Staff reporter
Anyone refusing to accept ZiG payments will be arrested
Zanu-PF national political commissar Munyaradzi Machacha announced that anyone, including ruling party members, refusing to accept ZiG payments or using inflated exchange rates will be arrested and pr...Published: 10 Jun 2024 at 08:38hrs | 31 | by Staff reporter
RBZ freezes 522 accounts for violating exchange control regulations
The Reserve Bank of Zimbabwe's Financial Intelligence Unit (FIU) has frozen 522 bank accounts and fined 140 entities and individuals for violating exchange control regulations, as part of efforts to d...Published: 09 Jun 2024 at 09:08hrs | 6 | by Staff reporter
Report businesses that reject the ZiG, says RBZ
The Reserve Bank of Zimbabwe's Financial Intelligence Unit (FIU) has launched a hotline and WhatsApp number for the public to report businesses that reject the local currency or charge above the offic...Published: 05 Jun 2024 at 07:10hrs | 17 | by Staff reporter
Zimbabweans are distraught by financial trauma
GOOD day, President Emmerson Mnangagwa.Your Excellency, as I see it, Zimbabweans are emotionally drained. They are overwhelmed by the severity of deprivation caused by the collapse of currenci...Published: 22 May 2024 at 09:52hrs | 14 | by Cyprian Muketiwa Ndawana
No holy cows in Zimbabwe's forex violations blitz
Zimbabwe's Financial Intelligence Unit (FIU) and the police delivered a firm message yesterday, emphasizing that in the nationwide crackdown on individuals and entities breaching the Exchange Control ...Published: 18 May 2024 at 12:25hrs | 14 | by Staff reporter
FIU sufficiently resourced to fight ZiG saboteurs
The Financial Intelligence Unit (FIU), a division of the Reserve Bank of Zimbabwe (RBZ), is well-equipped with skilled personnel and advanced hardware to tackle financial crimes. Recent recruitment ef...Published: 18 May 2024 at 10:47hrs | | by Staff reporter
'FIU and CIO are incompetent' Rutendo Matinyarare says
The controversial claims made by Rutendo Matinyarare, Chairman of the Zimbabwe Anti-Sanctions Movement (ZASM), have sparked outrage and disbelief among security agencies, financial institutions, and...Published: 30 Mar 2024 at 12:49hrs | 16 | by Mandla Ndlovu
Major shake-up at Deeds Office
A MAJOR shake-up to eliminate corrupt activities in the Department of Deeds, Companies and Intellectual Property is underway, The Sunday Mail has learnt.This follows a series of complaints and...Published: 18 Feb 2024 at 08:59hrs | 15 | by Staff reporter
Red flag raised over mess at Deeds Office
SHAMBOLIC record-keeping at the Department of Deeds, Companies and Intellectual Property could compromise Zimbabwe's listing as a low-risk country for money laundering and financing of terrorism by th...Published: 03 Dec 2023 at 10:32hrs | 10 | by Staff reporter
Zimbabwe central bank to flag suspected terrorists
The Reserve Bank of Zimbabwe's Financial Intelligence Unit will now swiftly freeze the bank accounts of individuals and entities listed by the United Nations for suspected terrorist activities, follow...Published: 06 Oct 2023 at 06:33hrs | | by Staff reporter
RBZ to investigate schools inflating fees using black market rates
The Financial Intelligence Unit (FIU) of the Reserve Bank of Zimbabwe (RBZ) has said it will investigate and take punitive measures against schools that are inflating figures of school fees in local c...Published: 13 Aug 2023 at 08:58hrs | 17 | by Staff Reporter
SA envoy officiates at Lemba Day commemorations
THE VaRemba clan around Zimbabwe last week gathered in the Mharepare area under Chief Mposi in Mberengwa, Midlands province, to celebrate Lemba Day, which is meant to preserve customs of the ethnic gr...Published: 21 Jun 2023 at 06:21hrs | 1 | by Staff reporter
Overpricing shops penalised, 16 bank accounts frozen in RBZ price blitz
THE Reserve Bank of Zimbabwe Financial Intelligence Unit (FIU) has ordered retailers and manufacturers who were exclusively charging certain goods in foreign currency and using the black-market rate f...Published: 18 Jun 2023 at 08:35hrs | | by Staff reporter
ZACC targets estate agents, exchange rate manipulators
The Zimbabwe Anti-Corruption Commission (ZACC) is out to net unscrupulous real estate agents and those accused of manipulating exchange rates to illegally push large amounts of foreign currency out of...Published: 17 Jun 2023 at 08:04hrs | | by Staff reporter
RBZ threatens to shut down businesses, prosecute directors over price hikes
The Reserve Bank of Zimbabwe on Friday threatened "punitive measures" against businesses accused of "illegal forward pricing practices thereby manipulating the foreign exchange rate.""In terms...Published: 10 Jun 2023 at 17:53hrs | | by Staff reporter
Zimdollar not going anywhere
THE Treasury has assured the market of continued usage of the local currency and that deliberate steps are being taken to strengthen its value so as to restore consumer purchasing power and buttress t...Published: 29 May 2023 at 06:32hrs | | by Staff reporter
Mnangagwa govt fails to rig price hikes
The Reserve Bank of Zimbabwe (RBZ) has frozen bank accounts of four major distributors of basic commodities as President Emmerson Mnangagwa's government scrambles to find solutions to soaring prices a...Published: 28 May 2023 at 08:09hrs | 1 | by Staff reporter
Zimbabwe's FIU to probe businesses inflating prices for USD bank transfers
THE Reserve Bank of Zimbabwe's Financial Intelligence Unit (FIU) has said it will investigate unethical behaviour exhibited by various businesses after it emerged that they are forcing customers to pa...Published: 28 May 2023 at 08:00hrs | 2 | by Staff reporter
4 rogue firms' accounts frozen
BANK accounts belonging to four major basic commodity distributors have been frozen for suspected economic sabotage, while unscrupulous manufacturers and pharmaceutical companies also face the same co...Published: 28 May 2023 at 07:59hrs | 1 | by Staff reporter
Chamisa's CCC raps FIU for obstructing Gold Mafia investigations
CITIZENS Coalition for Change (CCC) has accused the Financial Intelligence Unit (FIU) of obstructing investigations into allegations raised in Al Jazeera's Gold Mafia exposé.This comes after ...Published: 17 May 2023 at 21:38hrs | | by Staff reporter
RBZ scraps asset freeze on Gold Mafia-accused
THE Financial Intelligence Unit (FIU) has lifted the assets freeze orders placed against Ambassador Uebert Angel and three others implicated in alleged money laundering by Al Jazeera documentary serie...Published: 16 May 2023 at 05:13hrs | 6 | by Staff reporter
RBZ reverses Gold Mafia accounts freeze
THE Reserve Bank of Zimbabwe (RBZ)'s Financial Intelligence Unit (FIU) yesterday made a summersault by reversing its order for banks to freeze accounts of several government officials and individuals ...Published: 16 May 2023 at 05:10hrs | | by Staff reporter
'Uebert Angel telling lies'
UNDERCOVER journalists who were posing as Chinese gangsters seeking to smuggle US$1.2 billion in Al Jazeera's four-episode investigative documentary have denied ever desiring to meet President Emmerso...Published: 08 May 2023 at 19:06hrs | | by Staff reporter
Prophet Angel cleared of all suspicions claims?
Zanu-PF 'strategist' Acie Lumumba has made sensational claims that Uebert Angel has been cleared of all suspicions that arose after Al Jazeera's explosive Gold Mafia documentary.Lumumba who is...Published: 29 Apr 2023 at 19:23hrs | 1 | by Staff reporter
Businesses ditch Zimdollar
GOVERNMENT yesterday threatened to unleash the Financial Intelligence Unit (FIU) on retailers refusing payment in the local currency or limiting the number of items consumers can buy in Zimdollar, whi...Published: 28 Apr 2023 at 07:04hrs | | by Staff reporter
CIO bosses dismiss Uebert Angel claims on their role in Gold Mafia
STATE security service Central Intelligence Organisation (CIO) bosses say President Emmerson Mnangagwa's Envoy and Ambassador-at-Large Uebert Angel (real surname Mudzanire), a selfstyled prophet, dang...Published: 23 Apr 2023 at 17:44hrs | 4 | by Staff reporter
Mnangagwa's Ambassador-at-large on a property-buying spree
PRESIDENTIAL Envoy and Ambassador-at-Large Uebert Angel, who is holed up in Dubai after being exposed as a player in gold smuggling and money laundering activities, has been on a property-buying spree...Published: 23 Apr 2023 at 17:44hrs | | by Staff reporter
Gold Mafia: RBZ under sharp scrutiny
THE Reserve Bank of Zimbabwe (RBZ) has come under renewed pressure to deal with allegations of gold smuggling and money laundering after a leading think-tank said the central bank's operations should ...Published: 20 Apr 2023 at 07:31hrs | 1 | by Staff reporter
Rushwaya spared govt gold crackdown
WHILE the Zimbabwean government says it has taken measures to freeze accounts of the gold mafia and investigate the gold smuggling, money laundering and corruption, one of the kingpins, Henrietta Rush...Published: 08 Apr 2023 at 14:20hrs | 2 | by Staff reporter
Reserve Bank of Zimbabwe fingered in Gold Mafia scandal
Government faces fresh dilemma on how to handle the gold smuggling and money laundering scandal exposed in a corruption busting Al Jazeera documentary after the central bank has also been fingered in ...Published: 07 Apr 2023 at 19:50hrs | | by Staff reporter
Uebert Angel, Rudland accounts frozen
INDIVIDUALS implicated in the gold Mafia scandal including prophet Uebert Angel have had their assets frozen by the Reserve Bank of Zimbabwe's Financial Intelligence Unit with arrests imminent....Published: 07 Apr 2023 at 09:10hrs | | by Staff reporter
Zimbabwe 'Gold Mafia' suspects' assets frozen
THE Reserve Bank of Zimbabwe Financial Intelligence Unit (FIU) has frozen the assets of four officials who are implicated in gold smuggling, money laundering, bribery and other corrupt activities whos...Published: 06 Apr 2023 at 06:41hrs | 2 | by Staff reporter
More contractors blacklisted over illegal foreign currency deals
The crackdown on companies that channel funds to the illegal foreign currency market has been widened, with 13 more firms being blacklisted for their involvement.In November last year, 19 comp...Published: 04 Apr 2023 at 06:21hrs | | by Staff reporter
Zimbabweans fuming over smuggling of gold by criminal syndicate 'linked to Mnangagwa'
Zimbabweans have expressed outrage over an Al-Jazeera documentary series chronicling how a criminal syndicate linked to President Emmerson Mnangagwa, is allegedly laundering money and smuggling gold o...Published: 26 Mar 2023 at 10:40hrs | | by Staff reporter
Mnangagwa throws Prophet Uebert Angel under the bus
PRESIDENT Emmerson Mnangagwa has reportedly thrown under the bus his ambassador-at-large, Uebert Madzanire, alias Uebert Angel, as it emerged yesterday that he is under investigation for alleged money...Published: 23 Mar 2023 at 06:23hrs | 1 | by Staff Writer
RBZ blacklists 11 firms over black market deals, overpricing
SIX contractors that were doing business with Government have been blacklisted by the Reserve Bank of Zimbabwe (RBZ)'s Financial Intelligence Unit (FIU) for trading on the foreign currency black marke...Published: 29 Jan 2023 at 07:42hrs | 12 | by Staff Reporter
19 firms blacklisted for fuelling black market
NINETEEN contractors providing Government with goods and services have been blacklisted for channelling funds to the foreign exchange black market, Finance and Economic Development Minister Professor ...Published: 11 Nov 2022 at 05:02hrs | | by Staff reporter
Harare City Council resumes US dollar charges
THE Harare City Council (HCC) has reissued its request for United States dollars (US$) payments for on-demand services after it stopped taking foreign currency due to a Reserve Bank of Zimbabwe (RBZ) ...Published: 27 Sep 2022 at 05:53hrs | 1 | by Staff reporter
Zimbabwe's central bank widens probe into city councils charging in US dollars
Zimbabwe's central bank widened its probe into city councils charging for services in US dollars, after freezing the accounts of the capital over the practice.The bank's Financial Intelligence...Published: 14 Sep 2022 at 05:58hrs | | by Staff reporter
Harare councillors waste thousands on trips outside capital
HARARE residents have accused City of Harare councillors of wasting taxpayers' money and fattening their pockets at the expense of essential service delivery to the general populace grappling shoddy, ...Published: 13 Sep 2022 at 06:06hrs | | by Staff reporter
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