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Zimbabwe is losing over US$6bn to illicit financial flows
Zimbabwe is losing an estimated US$6,15 billion to illicit financial flows (IFFs) between 2020 and 2025, a drain that experts say is depriving the country of critical resources needed for development....Published: 25 Aug 2025 at 06:01hrs | 261 | by Staff reporter
Zimbabwe's gold boom masked by environmental ruin
Zimbabwe's gold sector is experiencing one of its strongest rallies in years, but behind the production surge lies a darker reality of smuggling, lawlessness, and environmental collapse that threatens...Published: 24 Aug 2025 at 19:22hrs | 236 | by Staff reporter
Zimbabwe FIU fines 4 banks over weak AML Controls
Zimbabwe's Financial Intelligence Unit (FIU) fined four banks up to US$30 000 each last year after uncovering serious lapses in anti-money laundering (AML) and counter-terrorist financing (CFT) system...Published: 22 Aug 2025 at 13:20hrs | 435 | by Staff reporter
Digital shift boosts Zimbabwe's tax collections
Zimbabwe's domestic resource mobilisation drive has received a significant boost following the launch of a fully digital tax collection system, a move set to improve efficiency, reduce costs, save tim...Published: 19 Aug 2025 at 09:02hrs | 142 | by Staff reporter
If Mnangagwa wants to know what 'nyika inovakwa nevene vayo' really means, he should learn from Rhodesians!
Sometimes, words are cheap, and it is often those who boast the most who achieve the least.When the late Robert Mugabe popularized the phrase 'nyika inovakwa nevene vayo' - and his successor E...Published: 19 Aug 2025 at 08:08hrs | 426 | by Tendai Ruben Mbofana
Zimbabwe has tragically become a lootocracy
Zimbabwe has been reduced to a shadow of its former promise - a jewel of Africa, a nation of hope and prosperity now lies bruised and exploited under the weight of a political elite that robs its peop...Published: 16 Aug 2025 at 16:22hrs | 557 | by Jacob Mutisi
How Zimbabweans have been conditioned to celebrate regression as progress
Life in Zimbabwe is never easy; each day brings circumstances so far from normal that they are often hard to comprehend.As I sit in my house in Redcliff, I hear the unmistakable sound of a mun...Published: 15 Aug 2025 at 22:44hrs | 398 | by Tendai Ruben Mbofana
Shell companies siphon US$450m from Zimbabwe, SA
A network of 23 shell companies operating between Zimbabwe and South Africa has been implicated in laundering US$450 million through illicit financial flows (IFFs), part of an estimated US$3 billion i...Published: 15 Aug 2025 at 14:22hrs | 527 | by Staff reporter
FBC urges clear Zimbabwe de-dollarisation framework
FBC Holdings Limited has called on the Reserve Bank of Zimbabwe (RBZ) to establish a clear and credible framework for de-dollarisation to ease pressure on the country's foreign currency reserves....Published: 15 Aug 2025 at 08:55hrs | 405 | by Staff reporter
Zimbabwe's forex receipts jump 23%
Zimbabwe recorded a 23,1 percent surge in foreign currency receipts during the first half of 2025 compared to the same period last year, signalling growing confidence in the country's formal channels ...Published: 15 Aug 2025 at 08:33hrs | 94 | by Staff reporter
UN calls on Zimbabwe to curb illicit financial flows
The United Nations resident and humanitarian coordinator in Zimbabwe, Edward Kallon, has urged the government to take urgent measures to curb illicit financial flows (IFFs), warning that billions of d...Published: 13 Aug 2025 at 08:49hrs | 201 | by Staff reporter
How can Mnangagwa preach selflessness when his regime is master of self-interest and plunder?
It often seems that before lecturing others on morality, some people should first look in the mirror.President Emmerson Mnangagwa's Heroes Day interview with the state-controlled broadcaster Z...Published: 12 Aug 2025 at 21:24hrs | 459 | by Tendai Ruben Mbofana
Gayton McKenzie's controversy forces us to ask: Who decides who is Black?
This is a question that has long been overdue for attention.The past week has seen South Africa's Minister of Sport, Arts and Culture, Gayton McKenzie, under intense public scrutiny over decad...Published: 12 Aug 2025 at 21:05hrs | 570 | by Tendai Ruben Mbofana
RBZ's to unlock over US$1 billion in remittances
In a bold move to revive Zimbabwe's struggling economy, the Reserve Bank of Zimbabwe (RBZ) has announced a plan to securitize diaspora remittances, aiming to transform predictable inflows into investa...Published: 10 Aug 2025 at 18:36hrs | 318 | by Staff reporter
Zimbabwe's forex receipts surge to US$7.3 billion
Zimbabwe recorded a significant boost in foreign currency receipts, raking in US$7.3 billion during the first half of 2025, according to the Reserve Bank of Zimbabwe’s (RBZ) latest Monetary Policy S...Published: 09 Aug 2025 at 10:01hrs | 142 | by Staff reporter
RBZ crackdown on money laundering
Following an intensive investigation into smuggling, money laundering, and financial externalisation, Zimbabwean authorities have launched a crackdown targeting several businesspeople and companies im...Published: 08 Aug 2025 at 09:15hrs | 592 | by Staff reporter
RBZ upholds tight monetary policy to protect ZWG
The Reserve Bank of Zimbabwe (RBZ) on Thursday reaffirmed its tight monetary policy stance as a key strategy to conserve the local currency, despite mounting pressure from industry players to ease bor...Published: 08 Aug 2025 at 08:59hrs | 159 | by Staff reporter
Kariba water level declines
Lake Kariba is recording a steady drop in water levels, closing the latest monitoring period at 478,77 metres as of August 5, 2025, according to the Zambezi River Authority (ZRA).This represen...Published: 08 Aug 2025 at 08:45hrs | 223 | by Staff reporter
Zimbabwe races to implement IMF-backed reforms
Zimbabwe is racing to implement wide-ranging fiscal and monetary reforms agreed with the International Monetary Fund (IMF), as the country seeks to exit its long-standing debt crisis, rebuild trust wi...Published: 07 Aug 2025 at 17:16hrs | 463 | by Staff reporter
ZICC labels corruption a Human Rights Violation
The Zimbabwe Independent Complaints Commission (ZICC) has issued a strong condemnation of corruption in both public and private sectors, describing it as not only a governance failure but a fundamenta...Published: 07 Aug 2025 at 09:19hrs | 140 | by Staff reporter
Zimbabwe, Rwanda strengthen ties
The third session of the Zimbabwe-Rwanda Joint Permanent Commission on Cooperation (JPCC) concluded yesterday in Kigali with the signing of five Memoranda of Understanding (MoUs), marking a new chapte...Published: 07 Aug 2025 at 09:04hrs | 84 | by Staff reporter
Zimbabwe Company Director Arrested Over US$6 Million LP Gas Forex Scandal
The National Prosecuting Authority of Zimbabwe (NPAZ) has announced the arrest of businessman Grant Chitate and his company Wellington Thulisa (Pvt) Ltd in connection with a massive foreign currency v...Published: 06 Aug 2025 at 16:35hrs | 348 | by Stephen Jakes
FBC sees cautious recovery in Zimbabwe
Financial services firm FBC Securities says Zimbabwe's 2025 Mid-Year Budget and Economic Review points to a cautiously optimistic recovery trajectory, although tight fiscal and monetary conditions cou...Published: 05 Aug 2025 at 14:38hrs | 233 | by Staff reporter
Zimbabwe retailers bank on 6% economic growth
The Confederation of Zimbabwe Retailers (CZR) says it expects consumer spending to rise this year, buoyed by the government's projected 6% economic growth, despite continued pressure on household inco...Published: 05 Aug 2025 at 08:53hrs | 63 | by Staff reporter
Zimbabwe's tourism sector declined in early 2025
Zimbabwe's tourism sector has experienced a significant downturn in the first quarter of 2025, with both receipts and investment sharply declining as global travel demand weakens and domestic economic...Published: 02 Aug 2025 at 10:17hrs | 94 | by Staff reporter
Zimbabwean birth control pills smuggled into South Africa
A growing syndicate involving hospital staff, informal cross-border transporters, and backyard traders is siphoning government-issued birth control pills from Zimbabwe's public health facilities and s...Published: 02 Aug 2025 at 10:15hrs | 146 | by Staff reporter
RBZ Chief charts path to monetary stability
Reserve Bank of Zimbabwe (RBZ) Governor Dr. John Mushayavanhu says the central bank is making steady progress in consolidating price stability, growing foreign reserves, and reinforcing the banking se...Published: 01 Aug 2025 at 13:12hrs | 174 | by Staff reporter
Diaspora remittances into Zimbabwe rise to US$635.2m
Diaspora remittances into Zimbabwe grew by 7.1% in the first half of 2025, reaching US$635.2 million compared to US$593.2 million during the same period last year, according to Finance Minister Mthuli...Published: 01 Aug 2025 at 10:08hrs | 141 | by Staff reporter
Zimbabwe Prosecutor General decries widespread corruption
Prosecutor-General Loyce Matanda-Moyo has issued a scathing condemnation of rampant corruption in Zimbabwe, warning that the scourge is robbing citizens of critical services and crippling national dev...Published: 01 Aug 2025 at 08:09hrs | 124 | by Staff reporter
Mthuli Ncube declares surplus despite only 35% of budget spent
Finance and Economic Development Minister Mthuli Ncube on Thursday declared a budget surplus of ZWG3.3 billion for the first half of 2025, despite revealing that just 35.5% of the approved National Bu...Published: 31 Jul 2025 at 15:46hrs | 267 | by Staff reporter
Chiwenga confirms he reported Marry Mubaiwa
Vice President Constantino Chiwenga has revealed that he was the one who reported his ex-wife, Marry Mubaiwa, for alleged criminal activities, and has welcomed the forfeiture and auctioning of her ass...Published: 30 Jul 2025 at 15:52hrs | 720 | by Staff reporter
Cash flow constraints hamper devolution funding
Finance Minister Professor Mthuli Ncube has attributed the government's failure to meet the constitutionally mandated five percent allocation of national revenue towards devolution to cash flow constr...Published: 29 Jul 2025 at 18:29hrs | 164 | by Staff reporter
Chiwenga applauds forfeiture of ex-wife's assets by SA
The legal team representing Zimbabwe's Vice-President, General (Retired) Dr. Constantino Guveya Dominic Nyikadzino Chiwenga, has welcomed the recent forfeiture ruling handed down by the Gauteng High C...Published: 29 Jul 2025 at 17:03hrs | 575 | by Staff reporter
Chiwenga's ex-wife loses Pretoria property and luxury cars
Marry Mubaiwa, former wife of Zimbabwean Vice-President General Constantino Chiwenga, has lost ownership of an upmarket residential property and two luxury Range Rovers in Pretoria, South Africa, afte...Published: 28 Jul 2025 at 19:09hrs | 2000 | by Staff reporter
RBZ reveals strategy towards shift to mono-currency
Zimbabwe's central bank is stepping up efforts to build up foreign currency reserves in preparation for a planned transition to a mono-currency regime by 2030, Reserve Bank of Zimbabwe (RBZ) Governor ...Published: 25 Jul 2025 at 18:01hrs | 807 | by Staff reporter
Mines and RBZ in crunch talks over forex retention
The Chamber of Mines of Zimbabwe has initiated fresh negotiations with the Reserve Bank of Zimbabwe (RBZ) to review the current foreign currency retention framework, citing growing concerns over worse...Published: 25 Jul 2025 at 14:11hrs | 75 | by Staff reporter
Mines and RBZ in crunch talks over forex retention
The Chamber of Mines of Zimbabwe has initiated fresh negotiations with the Reserve Bank of Zimbabwe (RBZ) to review the current foreign currency retention framework, citing growing concerns over worse...Published: 25 Jul 2025 at 14:11hrs | 45 | by Staff reporter
ZIDA records surge in investment licences
The Zimbabwe Investment and Development Agency (ZIDA) has reported a record-breaking increase in new investment licences in 2024, reflecting what officials describe as growing investor confidence in t...Published: 25 Jul 2025 at 09:42hrs | 79 | 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 | 219 | by Staff reporter
What does Mnangagwa call a 'brutal colonial regime' when the ZANU-PF government is even more brutal?
It's often easy for the pot to accuse the kettle of being black. I am always left bewildered whenever I hear President Emmerson Mnangagwa express outrage at what he calls ‘the brutal co...Published: 21 Jul 2025 at 08:26hrs | 405 | by Tendai Ruben Mbofana
RBZ exposes massive money laundering
The Reserve Bank of Zimbabwe (RBZ) has unearthed large-scale illicit financial flows (IFFs) in the country's real estate and motor vehicle dealership sectors, revealing industrial-scale money launderi...Published: 18 Jul 2025 at 14:40hrs | 1554 | by Staff reporter
RBZ disburses ZiG350 million to key sectors
The RBZ announced it has disbursed ZiG350 million under its Targeted Finance Facility (TFF) to support key sectors of the economy, primarily manufac...Published: 14 Jul 2025 at 07:54hrs | 225 | by Staff reporter
'Surge in forex inflows a boon for ZiG stability'
Zimbabwe's foreign currency receipts surged by 22 percent to US$6 billion in the first five months of 2025, according to the Reserve Bank of Zimbabwe (RBZ), a development anal...Published: 14 Jul 2025 at 07:52hrs | 135 | by Staff reporter
Africa's inequality crisis: How government systems fuel corruption and entrench elitism
A recent Oxfam report has ignited renewed scrutiny of Africa's political and economic order, revealing a disturbing truth: while a handful of billionaires accumulate staggering wealth, hundreds of mil...Published: 14 Jul 2025 at 07:12hrs | 210 | by James Mathonsi
Obert Mpofu's circular overrides Chinamasa's in Tagwirei saga
A senior official in Zanu-PF's secretary-general's office has clarified that internal circulars issued by the secretary-general take precedence over those from party departments, unless formally overt...Published: 13 Jul 2025 at 20:28hrs | 2823 | by Staff reporter
Sugar stocks exceed national demand
Zimbabwe's leading sugar producers, Hippo Valley Estates and Triangle, have moved to allay fears of shortages and price hikes, assuring the nation that local sugar stocks are more than adequate to mee...Published: 11 Jul 2025 at 08:25hrs | 86 | by Staff reporter
Zimbabwe central bank reports drop in inflation
The Reserve Bank of Zimbabwe (RBZ) has expressed cautious optimism about the country's economic trajectory, citing encouraging signs in inflation control, exchange rate stability, and foreign currency...Published: 10 Jul 2025 at 10:11hrs | 181 | by Staff reporter
Zimbabwe's foreign currency reserves surge
Zimbabwe's foreign currency reserves have maintained strong momentum, with the Reserve Bank of Zimbabwe (RBZ) reporting that, by the end of June 2025, the reserve holdings were more than three times h...Published: 10 Jul 2025 at 08:56hrs | 131 | by Staff reporter
Fuel smuggler arrested with 1 000 litres
In a coordinated crackdown on fuel smuggling, a joint operation by the Zimbabwe Republic Police Support Unit and the Zimbabwe National Army (ZNA) has resulted in the seizure of over 1,000 litres of pe...Published: 09 Jul 2025 at 14:28hrs | 278 | by Staff reporter
ZNCC urges RBZ to cut policy rate to 20%
The Zimbabwe National Chamber of Commerce (ZNCC) has urged the Reserve Bank of Zimbabwe (RBZ) to lower its bank policy rate from the current 35% to 20% in an effort to ease growing credit constraints ...Published: 08 Jul 2025 at 12:12hrs | 215 | by Staff reporter
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