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Zimbabwe's formal economy tanks
Zimbabwe's economy has become overwhelmingly informal, with the latest figures from the Zimbabwe National Statistics Agency (ZimStat) revealing that 76% of business operations in the country are now i...Published: 24 Jul 2025 at 16:09hrs | 520 | by Staff reporter
Money laundering costs Zimbabwe US$6,5bn
Zimbabwe has lost an estimated US$6.15 billion to money laundering-related crimes over the past five years, with car dealerships, gold smuggling, and entrenched corruption networks topping the list of...Published: 22 Jul 2025 at 08:49hrs | 184 | by Staff reporter
Zimbabwe's RBZ scraps heavy-handed forex controls
The Reserve Bank of Zimbabwe (RBZ) has officially abandoned its stringent enforcement of exchange rate controls, marking a significant policy shift aimed at fostering market stability, restoring busin...Published: 03 Jul 2025 at 12:32hrs | 1687 | by Staff reporter
Lake Kariba black market fish trade fuels illicit financial flow
A booming black market fish trade along Lake Kariba, driven by the illegal use of cheap twine nets, is undermining Zimbabwe's formal fishing economy and fuelling millions of dollars in illicit financi...Published: 22 Jun 2025 at 09:08hrs | 217 | by Staff reporter
Tagwirei, the military and power politics in Zimbabwe!
DEAR READER, it was on the 13th of May 2018 that Phineas Tagwirei, "father" to Kudakwashe Tagwirei a Zimbabwean tycoon with an avalanche of ''business'' interests quietly breathed his last at the trau...Published: 18 Jun 2025 at 07:41hrs | 1984 | by Dr P. Zamchiya
There were no Zvigananda under Smith because Rhodesians loved Zimbabwe more than ZANU-PF!
There is something tragically ironic about the state Zimbabwe finds itself in today.A country that was once described by none other than former Tanzanian President Julius Nyerere as the "jewel...Published: 27 May 2025 at 20:45hrs | 1237 | by Tendai Ruben Mbofana
Zimbabwe eyes tighter gambling rules
The Lotteries and Gaming Board (LGB) has announced plans to tighten regulatory controls over Zimbabwe's gambling industry following rising concerns about illegal gambling operations, financial crimes,...Published: 26 May 2025 at 08:11hrs | 61 | by Staff reporter
Chivayo meltdown deepens mystery over R800m ZEC windfall
Flamboyant businessman Wicknell Chivayo has sparked fresh controversy following a bizarre outburst dismissing growing questions over alleged multimillion-rand payments linked to Zimbabwe's 2023 electi...Published: 24 May 2025 at 11:03hrs | 1675 | by Staff reporter
Chivayo rubbishes SA financial intelligence report on corruption claims
The controversial tenderpreneur calling himself Mbinga, Wicknell Chivayo, has dismissed the financial intelligence report originating from South Africa that he conducted clandestine and corrupt transa...Published: 20 May 2025 at 09:10hrs | 1085 | by Stephen Jakes
Zimbabwe banker, SA banks implicated in R2 billion electoral scandal
A top Zimbabwean banker is at the centre of the nearly R2 billion Zimbabwe Electoral Commission (ZEC) tender scandal involving a South African printing company paid R1.2 billion by the Harare governme...Published: 08 May 2025 at 09:58hrs | 2456 | by Roland Mpofu I iol
Parliament asked to investigate Chivayo
A Kwekwe resident, Emmanuel Nkosilathi Moyo, has written to the Speaker of Parliament, Jacob Mudenda, urging the legislature to launch an investigation into allegations of money laundering and corrupt...Published: 07 May 2025 at 16:29hrs | 3781 | by Staff reporter
Chivayo, Bushiri cases dominate Anti-Corruption Conference
The high-profile cases of fugitive Malawian preacher Shepherd Bushiri and controversial Zimbabwean businessman Wicknell Chivayo have taken centre stage at the 15th Commonwealth Regional Conference for...Published: 07 May 2025 at 15:47hrs | 1983 | by Staff reporter
It's high time foreign governments took the lead in investigating Zimbabwe's corrupt elite
The Zimbabwe ruling elite clearly won't act against high-level corruption.There is something profoundly disturbing about the silence of Zimbabwean authorities in the wake of the damning exposĂ...Published: 03 May 2025 at 11:48hrs | 631 | by Tendai Ruben Mbofana
Zimbabwe's rot of corruption began at the top - that's where it must end
No one can deny that Zimbabwe has become synonymous with corruption.This morning, I woke up to deeply disturbing news reports that shook me to the core - not because they were shoc...Published: 01 May 2025 at 19:53hrs | 988 | by Tendai Ruben Mbofana
Mnangagwa, Chivayo raise eyebrows again
Corruption-accused businessman Wicknell Chivayo, who has long been a subject of public scrutiny, was a conspicuous presence during President Emmerson Mnangagwa's recent visit to Bulawayo for the Zimba...Published: 28 Apr 2025 at 12:47hrs | 6983 | by Staff reporter
As long as Mnangagwa doesn't acknowledge his own failings, Zimbabwe will not develop
Excuses, excuses, and more excuses!There is no greater hindrance to meaningful development and transformation in Zimbabwe than a leadership that refuses to take responsibility for its own shor...Published: 22 Apr 2025 at 22:18hrs | 757 | by Tendai Ruben Mbofana
The love of money has destroyed Zimbabwe's churches and turned them into dens of thieves
Oh God, why is my spirit disquieted? As a devout Christian, nothing leaves me more disturbed and broken-hearted than witnessing the Church - the Body of Christ - being reduced to a grotesque s...Published: 13 Apr 2025 at 11:11hrs | 753 | by Tendai Ruben Mbofana
Why is Mnangagwa's regime silent on South Africa's explosive Wicknell revelations?
There are so many questions on Zimbabwe's minds. A disturbing irony hangs over Zimbabwe today. While South Africa's Financial Intelligence Centre (FIC) has taken decisive steps to inve...Published: 12 Apr 2025 at 21:34hrs | 714 | by Tendai Ruben Mbofana
Chivayo 'kickbacks' probed in South Africa
Financial watchdogs in South Africa and Zimbabwe are investigating Johannesburg-based printing firm Ren-Form for possible money laundering linked to a high-profile election procurement scandal involvi...Published: 12 Apr 2025 at 09:08hrs | 379 | by Staff reporter
Chamisa slams leadership over Chivayo electoral tender scandal
Former Citizens Coalition for Change (CCC) leader Nelson Chamisa has raised the alarm over deepening corruption in Zimbabwe, following explosive revelations tying controversial businessman Wicknell Ch...Published: 09 Apr 2025 at 21:50hrs | 2753 | by Staff reporter
SA election supply firm paid Chivayo R800 million
Zimbabwe's Ministry of Finance paid more than R1.1 billion to a South African company contracted to supply materials for the country's 2023 general elections - and over R800 million of tha...Published: 07 Apr 2025 at 20:40hrs | 2005 | by Staff reporter
Siziva slams Mnangagwa cronies over 'industrial-scale' looting
Prominent opposition activist and Citizens Coalition for Change (CCC) spokesperson, Gift Ostallos Siziva, has launched a scathing attack on what he describes as the "corrupt cabal" propping up Preside...Published: 07 Apr 2025 at 20:30hrs | 2249 | by Staff reporter
Selous Scouts Pseudo Operations Tactics Used Against Chivhayo
The Selous Scouts stand as a notorious example of how manipulation and deception can be weaponized in the struggle for political power. Rooted in pseudo operations, Selous Scouts relied heavily on (Bl...Published: 07 Apr 2025 at 19:33hrs | 1329 | by Hector Chikokiyana
RBZ to swoop on currency hoarders
The Reserve Bank of Zimbabwe (RBZ) is set to crack down on businesses and individuals hoarding money in cash deposit boxes at banks, homes, and business premises. Authorities are concerned that such p...Published: 02 Apr 2025 at 08:47hrs | 574 | by Staff reporter
Zimbabwe's central bank confident of gold-backed ZiG currency
The Reserve Bank of Zimbabwe (RBZ) remains optimistic about the strength of the gold-backed Zimbabwe Gold (ZiG) currency, positioning it as a viable alternative to the United States dollar in the loca...Published: 10 Mar 2025 at 08:36hrs | 401 | by Staff reporter
Zimbabwe govt rolls out POS machines to formalise informal businesses
The Zimbabwean government has commenced a nationwide programme to integrate unregistered businesses into the formal economy by distributing point-of-sale (POS) machines, which are now a prerequisite f...Published: 09 Mar 2025 at 13:08hrs | 226 | by Staff reporter
NSSA chairman embroiled in underhand Rainbow Tourism Group takeover bid
NATIONAL Social Security Authority (Nssa) chairman Emmanuel Fundira, who is former chairman of African Sun Limited, and an ex-Rainbow Tourism Group (RTG) senior executive Paula January are accused of ...Published: 18 Feb 2025 at 20:01hrs | 1546 | by NewsHawks
RBZ intervenes in data pricing discrimination against ZiG
The Reserve Bank of Zimbabwe (RBZ) has moved to address concerns over discriminatory pricing by mobile network operators and internet service providers, particularly regarding their preference for tra...Published: 10 Feb 2025 at 15:28hrs | 1953 | by Staff reporter
Zimbabwe central bank cracks down on cash hoarding
The Reserve Bank of Zimbabwe (RBZ) has expressed concern over millions of dollars lying idle in cash deposit boxes across the country, warning that the growing trend is stifling economic growth by dep...Published: 09 Feb 2025 at 17:40hrs | 6351 | by Staff reporter
Zimbabwe central bank widens blitz on defiant business
The Reserve Bank of Zimbabwe (RBZ) has announced an expanded blitz targeting businesses across the country that are refusing to comply with government directives on the use of the multicurrency system...Published: 05 Feb 2025 at 11:42hrs | 351 | by Staff reporter
US, UK sanction Gold Mafia linked dealer
The United States and Britain imposed sanctions on several individuals and businesses linked to global gold smuggling and money laundering networks, with Zimbabwean businessman Kamlesh Pattni at the c...Published: 10 Dec 2024 at 07:08hrs | 979 | by Staff reporter
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 | 1277 | 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 | 1182 | 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 | 6198 | 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 | 6536 | 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 | 8435 | by Staff reporter
Police in Zimbabwe arrest more money-changers
The police and the Reserve Bank of Zimbabwe's Financial Intelligence Unit have arrested 10 more illegal currency traders in a renewed crackdown. National police spokesperson Commissioner Paul Nyathi c...Published: 01 Aug 2024 at 09:07hrs | 866 | 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 | 1852 | 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 | 494 | by Staff reporter
Finance Ministry blacklists 51 govt suppliers
The Treasury has blacklisted 51 government contractors for engaging in black market activities after receiving payments in local currency. Treasury boss Mthuli Ncube state...Published: 25 Jul 2024 at 12:48hrs | 878 | 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 | 3 | 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 | 10 | 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 | 9 | 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 | 35 | 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 | 8 | by Staff reporter
Zimbabwe to open passport offices in US, UK and Zambia
The Cabinet recently approved the Ministry of Home Affairs and Cultural Heritage's Integrated Information and Communication Technology (ICT) Systems Strategy, which aims to computerize government depa...Published: 09 Jun 2024 at 09:03hrs | 23 | 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 | 19 | by Staff reporter
Chivayo hijacks US$40m corrupt ZEC deal
CONTROVERSIAL businessman Wicknell Chivayo, who is close to President Emmerson Mnangagwa and other high-profile government officials, corruptly got a windfall from a murky Zimbabwe Election Commission...Published: 28 May 2024 at 12:47hrs | 35 | by Staff reporter
Zimbabwe govt threatens to sanction businesses
The government has issued a warning to businesses found pricing their goods and services above the official exchange rate in a bid to stabilize the newly introduced currency, Zimbabwe Gold (ZiG)....Published: 28 May 2024 at 10:17hrs | 12 | by Staff reporter
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