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RBZ freezes Redan Coupons' bank accounts?
Former Daily News Editor Stanley Gama has reported that the Reserve Bank of Zimbabwe Financial Intelligence have frozen accounts belonging to fuel giant over allegations of being involved in illegal f...Published: 29 May 2020 at 12:56hrs | 8926 | by Mandla Ndlovu
'Restrictions on ZIPIT counter-productive'
IN a desperate bid to halt the rapid weakening of the Zimbabwean dollar, the Reserve Bank of Zimbabwe (RBZ)'s Financial Intelligence Unit (FIU) has, with immediate effect, imposed daily and monthly tr...Published: 29 May 2020 at 08:15hrs | 606 | by Staff reporter
RBZ cuts Zipit transaction limits
THE Reserve Bank of Zimbabwe (RBZ)'s Financial Intelligence Unit (FIU) has directed all banks to review downwards Zipit transaction limits to ZWL$20 000 a day from ZWL$100,000 following abuse of the f...Published: 28 May 2020 at 17:09hrs | 3935 | by Staff reporter
Insights into Mangudya's era of fibs, fiddling
RESERVE Bank of Zimbabwe governor John Mangudya (pictured) says he has been praying for Zimbabweans to understand economics. Zimbabweans, in turn, have been making the same prayers - for him.T...Published: 28 May 2020 at 07:59hrs | 1276 | by newZWire
ZW$ remains our best foot forward
At the rate at the Zimbabwe dollar (ZW$) is losing its intrinsic value, it may just be a matter of time before the country dollarizes, officially or non-officially.Those pushing for dollarizat...Published: 27 May 2020 at 20:15hrs | 5583 | by Jameson Dapi
MDC Alliances loses confidence in Adv Mpofu?
MDC bigwigs in the Nelson Chamisa-led faction have expressed concern over the continued loss of MDC court cases by the opposition party's top lawyer Advocate Thabani Mpofu.A source within the ...Published: 27 May 2020 at 20:13hrs | 2940 | by Christopher Makaza
EcoCash court bid hits brickwall
The High Court has dismissed Econet Zimbabwe's mobile money platform, EcoCash's application which sought to interdict the Reserve Bank of Zimbabwe (RBZ) from suspending its mobile money agents....Published: 27 May 2020 at 07:54hrs | 703 | by Staff reporter
Motorists shun forex fuel
MOTORISTS in Bulawayo are shunning service stations which sell fuel in foreign currency and opting to fill their tanks from those charging in local currency as the exchange rate continues to shoot thr...Published: 27 May 2020 at 07:16hrs | 2226 | by Staff reporter
Court upholds suspension of EcoCash agents
The Reserve Bank of Zimbabwe (RBZ) acted within its mandate when it suspended EcoCash mobile money agents from conducting financial transactions to curb abuse, the High Court has ruled, and so there c...Published: 27 May 2020 at 07:13hrs | 216 | by Staff reporter
BREAKING: Ecocash loses court case against RBZ
High Court of Zimbabwe has thrown out an application by EcoCash for the restoration of thousands of agent lines terminated by the Reserve Bank of Zimbabwe for suspected illegal forex trading. ...Published: 26 May 2020 at 13:56hrs | 9628 | by Mandla Ndlovu
Parallel market rates a bubble, says Mangudya
The rapid rise in parallel market foreign currency exchange rates is symptomatic of a bubble as it lacks any fundamental basis and could lead to economic depression, says Reserve Bank of Zimbabwe gove...Published: 26 May 2020 at 07:10hrs | 2444 | by Staff reporter
Weakening Zimdollar wreaks havoc
MARKET forces have caused havoc on the Zimbabwe dollar on the parallel market, with the exchange rate shooting to US$1:$70.Last week, from Monday to Saturday, the US$:Zimdollar rate plunged ne...Published: 25 May 2020 at 08:02hrs | 1936 | by Staff reporter
COVID-19 delays April inflation stats
THE Zimbabwe National Statistical Agency (ZimStat) says it has delayed the publication of last month's inflation figures due to the COVID-19-induced lockdown that crippled the data collection process....Published: 25 May 2020 at 08:01hrs | 554 | by Staff reporter
Wolves are at it again, destroying Zimbabwe's currency
Once again, officials at the Ministry of Finance and Economic Development, along with the honchos at the Reserve Bank of Zimbabwe (RBZ) find themselves on the back foot of powerful forces that are man...Published: 24 May 2020 at 22:03hrs | 2845 | by Andrew Lampard
Is our money safe in this lockdown?
JUST recently, Reserve Bank of Zimbabwe (RBZ) governor John Mangudya blamed a faceless devil for the economic crisis that a whole new generation now takes as custom.He was right. There is cert...Published: 24 May 2020 at 08:41hrs | 966 | by Tawanda Majoni
EcoCash saga: Arrest highway robbers, not Zinara officials
WHEN highway robbers become a menace, does it make sense for the authorities to solve the problem by arresting Zimbabwe National Roads Administration (Zinara) officials?This has become a burni...Published: 24 May 2020 at 08:38hrs | 1792 | by Brezh Malaba
'Zimdollar under siege again'
The Zimbabwe dollar is once again reeling under unrelenting pressure from speculative activities by crafty individuals seeking personal gain, it has been learnt.The Reserve Bank of Zimbabwe (R...Published: 24 May 2020 at 08:10hrs | 650 | by Staff reporter
RBZ can't import forex to buy gold
THE Reserve Bank of Zimbabwe is failing to ship in enough foreign currency to pay for gold purchases, a miners' group says.Fidelity Printers & Refiners (FPR), the central bank unit which i...Published: 23 May 2020 at 08:51hrs | 3659 | by Staff reporter
Mobile money agents' 'illicit' deals exposed
THE Reserve Bank of Zimbabwe (RBZ) through its Financial Intelligence Unit (FIU) has established that most mobile money agent accounts were being abused and used as a conduit for illegal transactions ...Published: 22 May 2020 at 06:26hrs | 2305 | by Staff reporter
'Zimbabwe can sustain forex requirements'
The Reserve Bank of Zimbabwe (RBZ) says the country has adequate capacity to meet its monthly foreign currency requirements. According to central bank figures, Zimbabwe requires US$100 million a month...Published: 21 May 2020 at 07:10hrs | 710 | by Staff reporter
Fuel queues resurface
LONG fuel queues have resurfaced across the country as traffic increased following the easing of the national lockdown measures by President Emmerson Mnangagwa to allow companies to operate.In...Published: 20 May 2020 at 07:33hrs | 777 | by Staff reporter
'Zimdollar is world's second junkiest currency'
RENOWNED American economist, Steve Hanke says Zimbabwe has the second "junkiest" currency in the world owing to its continued fall.According to Hanke, from end of December 2019 to May 14, the ...Published: 20 May 2020 at 07:27hrs | 1689 | by Staff reporter
For country or love? Mangwana, Mthuli Ncube must put money where mouth is
Let's be honest, at law there is nothing wrong in individuals acquiring dual citizenships.Even the Zimbabwean constitution has not said anything untoward about multiple or dual citizenships ex...Published: 17 May 2020 at 15:22hrs | 3246 | by Josiah Mucharowana in Pretoria
Mutodi: Mnangagwa's other bad crony
IT'S never a clever idea to put a crow among the fowls and keep it there. That will give you a bad name and troubled nights.A crow in the fowl drains the food but doesn't deliver eggs to the p...Published: 17 May 2020 at 09:32hrs | 2060 | by Tawanda Majoni
Clampdown on forex dealers hits importers
IN the wake of the Reserve Bank of Zimbabwe (RBZ)'s latest swoop on several bureaux de change and closure of EcoCash agent facilities in a bid to tame currency volatility and illicit foreign currency ...Published: 15 May 2020 at 08:08hrs | 1477 | by Staff reporter
German firm prints, delivers 60 tonnes of Zimbabwe's new bank notes
Zimbabwe on Thursday received 60,000kg (60 tonnes) in freshly-printed higher denomination bond notes, which the central bank says will go into circulation at the end of the month.The RBZ annou...Published: 14 May 2020 at 13:07hrs | 16089 | by Staff reporter
Forex deal ends in stabbings
A 30-year-old Harare man severely stabbed his friend with a knife on the head and chest in a botched foreign currency deal.Tapiwa Joseph was facing attempted murder charges when he appeared be...Published: 13 May 2020 at 15:58hrs | 837 | by Staff reporter
Fuel queues resurface
LONG winding queues have resurfaced at fuel stations in Bulawayo with motorists expressing frustration over the situation during the lockdown. Service station staffers who spoke to reporters y...Published: 12 May 2020 at 07:40hrs | 753 | by Staff reporter
RBZ investigates source of new Zimdollar notes on the black market
THE Reserve Bank of Zimbabwe (RBZ) has activated its security systems to uncover the source of new Zimbabwe dollar notes that are seen trending on social media platforms.Speaking to NewZimbabw...Published: 07 May 2020 at 16:58hrs | 2643 | by Staff reporter
School charges US$2,5k for online lessons
ARUNDEL School in Harare is demanding fees of up to US$2 500 (or alternatively $139 975) for online classes drawing the ire of parents. The announcement came after Government last week warned ...Published: 07 May 2020 at 11:18hrs | 1481 | by Staff reporter
Zimbabwe not recognised among emerging economies
ZIMBABWE has failed to make it to the list of the world's top 66 emerging economies - a list topped by neighbouring Botswana - due to high public and foreign debts and insufficient foreign reserves, a...Published: 07 May 2020 at 00:12hrs | 419 | by Staff reporter
RBZ closes more EcoCash, OneMoney lines
THE Reserve Bank of Zimbabwe (RBZ) has closed an unspecified number of mobile money agent lines suspected to have been fuelling exchange rate volatility. A source within the central bank's Fin...Published: 06 May 2020 at 07:36hrs | 999 | by Staff reporter
Outrage over US dollar priced Covid-19 test kits
While all businesses in the formal sector can now reopen under strict health conditions as Zimbabwe moves into level 2 lockdown, many were unable to do so yesterday with the rapid testing of staff bei...Published: 05 May 2020 at 09:20hrs | 1043 | by Staff reporter
Bridging the digital divide - Digital libraries - Case for Zimbabwe
"If you can't visit the Web, the Web can be brought to you. "The challenges that face ICT development in Africa have to be tackled at the same level at which they occur .The digital divi...Published: 05 May 2020 at 08:13hrs | 142 | by Robert Ndlovu
'A chance for Zimbabwe to reindustrialise'
THE outbreak of the novel coronavirus, which has so far killed over 230 000 people and crippled economies around the world, is a huge opportunity for Zimbabwe to reindustrialise, economic analysts hav...Published: 03 May 2020 at 09:59hrs | 1662 | by Mthandazo Nyoni
RBZ puts senior officials under corruption probe
THE Reserve Bank of Zimbabwe (RBZ) has launched an internal investigation into the conduct of some of its senior officials following a tip-off from a whistleblower at alleged underhand dealings regard...Published: 30 Apr 2020 at 11:43hrs | 2498 | by Staff reporter
RBZ reviews forex priority list
The Reserve Bank of Zimbabwe (RBZ) says financial institutions should prioritise foreign currency allocation to productive sectors of the economy as a key response to the coronavirus pandemic. ...Published: 30 Apr 2020 at 07:03hrs | 640 | by Staff reporter
RBZ denies raiding foreign currency accounts
The Reserve Bank of Zimbabwe of Zimbabwe has assured Zimbabweans that their nostro accounts have not been raided. The Central Bank was responding to social media reports that some Non-Governme...Published: 29 Apr 2020 at 16:52hrs | 2479 | by Mandla Ndlovu
Jonathan Moyo responds to reports that he killed ZBC
Former Information Minister Professor Jonathan Moyo has refuted allegations that he was involved in the destruction of the Zimbabwean radio during his time as Minister of Information. In a Twi...Published: 28 Apr 2020 at 10:13hrs | 4705 | by Mandla Ndlovu
Staff row at RG's office
A staff row at the Registrar-General's Office has sucked in the Zimbabwe Anti-Corruption Commission (ZACC) after chief accountant, Mr Peter Bwanya, accused Registrar-General Mr Clement Masango of embe...Published: 27 Apr 2020 at 23:57hrs | 1402 | by Staff reporter
Forex judgment haunts tax court
INCONSISTENT government policy and a February court ruling on debts are now constituting a time-bomb, threatening the huge backlog of tax-related cases, which the judiciary is battling to clear due to...Published: 24 Apr 2020 at 08:47hrs | 644 | by Staff reporter
Saudi Arabia Kicks off Price War with Russia
Timing is everything and surprisingly, Saudi Arabia initiated an oil price war with Russia at a time when the world is dealing with the coronavirus outbreak. As demand started to fall off a cliff, the...Published: 23 Apr 2020 at 22:52hrs | 767 | by Staff writer
Mangudya cracks whip...suspends more bureaux de change
Further to its Press Statement of 9 April 2020, advising of the suspension of operating licences of Cash Twenty Four (Pvt) Limited (Cash Twenty Four) and Crediconnect (Pvt) Limited (Crediconnect...Published: 23 Apr 2020 at 17:08hrs | 3604 | by John Panonetsa Mangudya
Serious allegations tabled against Darlington Nyika hit BBT
A local non-profit making organisation, Beautiful Bulawayo Trust (BBT), has been rocked by boardroom squabbles and administrative issues amid fears this may lead to the collapse of the organisation. ...Published: 23 Apr 2020 at 07:44hrs | 361 | by Staff reporter
Learn how to Trade Bitcoin: A Forex Guide
Find out how to make additional money by trading bitcoin on Forex. Use the tips in this article to become a successful trader. Bitcoin on Forex: Trading Basics...Published: 22 Apr 2020 at 14:57hrs | 1980 | by Staff writer
Zimbabwe fuel companies should account for forex allocations
ZIMBABWE has been experiencing fuel challenges for the past two years notwithstanding the huge foreign exchange allocations by the central bank, which average around US$80 million per month, including...Published: 21 Apr 2020 at 07:52hrs | 196 | by Andrew Lampard
'Mealie-meal a source of conflict in Zimbabwe'
THE National Peace and Reconciliation Commission (NPRC) has said access to subsidised mealie-meal has become a source of conflict that needs to be diffused before it gets out of hand during the lockdo...Published: 21 Apr 2020 at 07:11hrs | 309 | by Staff reporter
What 40 years of Independence has meant for Zimbabwe
Today marks Zimbabweans 40th independence anniversary. This day four decades ago was a jubilant day as Zimbabweans looked forward to a brighter and fruitful future. The declaration of independ...Published: 20 Apr 2020 at 09:53hrs | 315 | by Prince Njagu
'Zimdollar value plunges 580%'
THE Zimbabwe dollar has devalued by over 580% since February 2019 to date, United States Agency for International Development food security arm, FEWS NET, has said. Due to inadequate foreign currency,...Published: 20 Apr 2020 at 08:38hrs | 1212 | by Staff reporter
Zimbabwe to start phasing out use of US dollars at the end of 2022
Zimbabwe will phase out the use of foreign currency such as US dollars for the payment of local transactions at the end of 2022, according to a currency roadmap released on Wednesday.The move ...Published: 16 Apr 2020 at 11:05hrs | 4071 | by Staff reporter
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